Business

Bayer (BAYGn.DE) has offered to pay $2.4 billion for Norway's Algeta (ALGETA.OL), its partner for a new prostrate cancer treatment, at a 27 percent premium to the stock's last close, Algeta said on Tuesday. The deal would boost Bayer's drugs...

China wants to double trading volumes with central and eastern members of the European Union in the next five years, Li Keqiang said on his first visit to the former communist bloc as premier. China and the EU announced at...

The Bank of England is to review whether it needs more powers to control banks' balance sheets. Bank governor Mark Carney said Chancellor George Osborne had asked the Bank's Financial Policy Committee (FPC) to review its powers. The FPC regulates banks,...

Asian shares rose for the third straight day on Tuesday, while oil prices regained some semblance of stability after the previous session's slide as traders questioned how quickly the Iranian nuclear accord could turn into higher supplies. The yen came...

Apple has purchased PrimeSense, an Israeli firm that specialises in making 3D motion detection technology. PrimeSense is best known for developing gesture control for Microsoft's Kinect sensor, and has made strides towards bringing the technology to mobile. Apple's deal is likely...

If European policy elites could choose the next head of the EU's executive, Pascal Lamy, the Frenchman who stepped down as head of the World Trade Organisation in July, would be near the top of most people's list. Lamy, 66,...

European Central Bank Governing Council member Christian Noyer said on Monday that interest rates have to remain low for an extended period and might go even lower if needed as officials try to ensure the euro zone does not...

Union Verdi is preparing more strikes to step up pressure on Amazon in Germany, its biggest market outside the United States, in a dispute over pay and conditions, German media reported. Workers at Amazon centers in Bad Hersfeld and Leipzig...

Commerce Minister Gao Hucheng denounced the United States as "irresponsible" on Sunday after Washington accused China of jeopardizing a deal that aims to cut tariffs on technology products, saying Washington had disappointed participants in the talks. U.S. Trade Representative Michael...

A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing bust, according to government documents...