Business

Shares in AstraZeneca (AZN.L) fell 2.3 percent on Tuesday after U.S. drugmaker Pfizer (PFE.N) said it would not make a formal bid to acquire its smaller British rival. Pfizer's decision - announced on Monday during a public holiday - had...

Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates. The Serious Fraud Office (SFO)...

Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6 billion ($390 million) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market. Foxconn, which is...

Inflation in the euro zone will likely stay "significantly" below the European Central Bank's target this year and next, ECB Governing Council member Ewald Nowotny said in the Austrian National Bank's annual report. "But over the medium term it is...

BEVERLY HILLS, CA, May 26, (THEWILL) – For misrepresenting its orders on the planned probe of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Resources Minister, Diezani Alison-Madueke, over alleged $10 billion spent on chartering private jet, a...

Standard Chartered (STAN.L) is set to close its Swiss private bank in Geneva, broadcaster Radio Television Suisse (RTS) reported on Monday. The Asia-focused bank said in February it was looking to sell the Swiss private bank as part of a...

India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica (SIFI.MI), the defense ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks. New Delhi scrapped the...

Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece. Though nationalists scored stunning victories in a...

The government in the Iraqi autonomous region of Kurdistan says it has made its first sale of crude oil despite strong opposition from Baghdad. The oil was piped to the Turkish port of Ceyhan, the Kurdish authorities said in a...

Euro zone banks need to be strong enough to support a pick up in credit demand to keep the euro zone recovery going, European Central Bank Executive Board member Yves Mersch said on Saturday. Tougher regulatory standards and a stronger...