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Business

Bayer raises bid price for Monsanto

Bayer's quest to become the world's largest producer of seeds and pesticides has led it to raise the price it is willing to pay for US firm Monsanto to more than $65 billion.

Bayer's quest to become the world's largest producer of seeds and pesticides has led it to raise the price it is willing to pay for US firm Monsanto to more than $65 billion.

News

2,000 jobs under threat at Caterpillar in Belgium

World's largest maker of heavy machinery begins consultation process that could lead to closure of plant in Charleroi.

World's largest maker of heavy machinery begins consultation process that could lead to closure of plant in Charleroi.

Business

Airbus and Boeing face order challenges

Even as Airbus caught up with Boeing for orders for the first half of this year, combined orders for the world's two dominant planemakers fell 17 percent from the same period last year.

Even as Airbus caught up with Boeing for orders for the first half of this year, combined orders for the world's two dominant planemakers fell 17 percent from the same period last year.

Business

It's a Poke-nomenon

In this edition of Business Line we will tell you all you need to know about the phenomenon that is Pokemon GO.

In this edition of Business Line we will tell you all you need to know about the phenomenon that is Pokemon GO.

Business

No Pokemon profit boost for Nintendo - yet

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Business

Unilever and Roche results better than expected

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Business

Facebook faces tax probe over transfer of assets to Ireland

The US tax authorities say Facebook may have unfairly cut its tax bill by understating by "billions of dollars" the value of intellectual property it transferred to Ireland in 2010.

The US tax authorities say Facebook may have unfairly cut its tax bill by understating by "billions of dollars" the value of intellectual property it transferred to Ireland in 2010.

Business

UK finance minister wants post Brexit business tax cut

Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.

Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.

Business

Rosneft's quarterly net profit falls 75 percent

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Business

Sharp's losses widen, underscoring Foxconn's turnaround challenge

Japanese electronics maker Sharp has reported a huge net loss for the second year running, underscoring how difficult it will be for new owner Foxconn to turn the firm around.

Japanese electronics maker Sharp has reported a huge net loss for the second year running, underscoring how difficult it will be for new owner Foxconn to turn the firm around.

Business

BP considers more spending cuts after 80 percent profit drop

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

News

Trial begins of 'LuxLeaks' whistleblowers

Two former employees of the accountancy firm PricewaterhouseCoopers (PwC) go on trial today in Luxembourg along with a French journalist. Antoine

Two former employees of the accountancy firm PricewaterhouseCoopers (PwC) go on trial today in Luxembourg along with a French journalist. Antoine

Business

Tata Steel wants to sell UK business, finding a buyer will be a problem

India's Tata Steel has decided to sell its steel making operations in Britain, but will likely struggle to find a buyer amid falling prices and huge overcapacity in China.

India's Tata Steel has decided to sell its steel making operations in Britain, but will likely struggle to find a buyer amid falling prices and huge overcapacity in China.

Business

Foxconn to take over Sharp for reduced price

Taiwan's Foxconn is to acquire the struggling Japanese technology firm Sharp but after much wrangling which creates doubts on how well they will work together.

Taiwan's Foxconn is to acquire the struggling Japanese technology firm Sharp but after much wrangling which creates doubts on how well they will work together.

Business

Bouygues-Orange deal 'on track'

France biggest telecoms operator, Orange, is reportedly making good progress on an agreement to buy Bouygues Telecom.

France biggest telecoms operator, Orange, is reportedly making good progress on an agreement to buy Bouygues Telecom.

Business

Vivendi increases Telecom Italia stake

French media group Vivendi has raised its stake in Telecom Italia to 24.9 percent which gives it effective control of the company without the expense of taking it over.

French media group Vivendi has raised its stake in Telecom Italia to 24.9 percent which gives it effective control of the company without the expense of taking it over.

Business

Barclays quits Africa as profit falls

Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.

Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.

Business

Commodity markets rout slams miner Glencore's profit

2015 was a grim year for mining company and commodity trader Glencore with profit down by almost a third as prices for copper, nickel, zinc, iron-ore and coal slumped to multi-year lows.

2015 was a grim year for mining company and commodity trader Glencore with profit down by almost a third as prices for copper, nickel, zinc, iron-ore and coal slumped to multi-year lows.

Business

London beats Hong Kong to keep HSBC headquarters

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

Business

Oil write down hits Moller-Maersk profits

Danish shipping and energy group Moller-Maersk reports a loss of $2.5 billion for Q4 2015 as it writes down the value of its oil assets.

Danish shipping and energy group Moller-Maersk reports a loss of $2.5 billion for Q4 2015 as it writes down the value of its oil assets.

Business

BMW enjoys bumper January sales

BMW reports a 7.5 percent rise in monthly car sales in January with increases in Europe and China and falls in the US as winter storms deterred buyers.

BMW reports a 7.5 percent rise in monthly car sales in January with increases in Europe and China and falls in the US as winter storms deterred buyers.

Business

Barclays slashes jobs at investment banking division

Barclays will cut about 1,000 jobs in investment banking worldwide as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns.

Barclays will cut about 1,000 jobs in investment banking worldwide as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns.

Business

Apple plans app development centre in Italy

The southern Italian city of Naples has been chosen by Apple for the first of a series of app development centres. The idea is to train app

The southern Italian city of Naples has been chosen by Apple for the first of a series of app development centres. The idea is to train app