The board of pharmaceutical company AstraZeneca on Friday flatly rejected drug maker Pfizer’s sweetened takeover offer just hours after it was levelled, describing it as inadequate. Pfizer Inc., the ... Read More
Pfizer Inc. (PFE) sweetened its bid for AstraZeneca Plc (AZN) to about 63.1 billion pounds ($106.5 billion), aiming to bring the U.K.’s second-biggest drugmaker to the negotiating table. The ... Read More
Euro-area manufacturing grew at the fastest pace in three months in April on accelerating expansion in Germany and Italy, evidence the currency bloc’s recovery remains on track. A Purchasing ... Read More
French engineering company Alstom is considering a $16.9bn (£10bn) offer from US firm General Electric (GE) for its energy business. But the French firm said it would be open ... Read More
Google Inc. Chairman Eric Schmidt warned last year that Russia was “on the path” toward China’s model of Internet censorship. Vladimir Putin is proving him right. With Russia locked ... Read More
Wall Street’s top firms are walking an increasingly fine line between business as usual and growing political pressure to shun Russia for its annexation of Crimea and meddling in ... Read More
The U.K. now has one of the fastest-growing economies in the developed world. With growth expanding at a 3 percent annual rate as a strong housing market and manufacturing ... Read More
The Japanese government followed the lead of the U.S. and the European Union, or EU, Tuesday by imposing additional sanctions against Russia even as Moscow stated that it has ... Read More
Deutsche Bank AG (DBK), Europe’s largest investment bank by revenue, said first-quarter profit declined less than expected as trading revenue exceeded analysts’ estimates. Net income dropped 34 percent to ... Read More
US President Barack Obama says that a new US-Philippine military pact will promote stability in the region. The deal, signed in Manila hours before Mr Obama touched down, allows ... Read More
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