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Officials in the minutes stressed that no decision had yet been made. It felt that global threats had “diminished” at the time of the meeting.

The transaction requires shareholder and regulatory approval and could face stiff opposition from US lawmakers. Pfizer and Allergan’s deal appears structured to avoid the tax inversion rules.

The German IFO business climate index rose to 109.0 from 108.2 in October.

Low-priced carrier easyJet has cancelled all flights to Sharm el-Sheikh in Egypt until January 6th.

Last Friday, the EPA said its scrutiny had spread to at least 75,000 additional vehicles, going back to the 2009 model year, after VW acknowledged that these vehicles had the same software as the initial batch.

State media broadcast photos Monday of the two slain attackers of a luxury hotel in Mali’s capital, appealing for anyone who knew them to come forward with information about the gunmen.

For the past week, crude imports averaged about 7 million barrels a day, down by 409,000 barrels a day compared with the previous week.

Pharmaceutical giant Pfizer has merged with Botox maker Allergan for a deal of $160 billion, one of the biggest takeovers in health care industry and the biggest too in a tax-saving strategy.

The Solar SEZ in Rajnandgaon, which is being developed under the National Solar Mission, proposes to have “plug and play” facilities for solar component manufacturers with the objective of achieving domestic PV cell production of 2200 mw/year. “Setting up a...

Still, a few say the incentive for more stimulus may not be as great as before, given the recent weakening of the euro and expectations of further declines if the Fed raises rates at its next meeting on December 15-16. I am virtually certain that was not optimal monetary policy.

For 166-year-old Pfizer, Allergan would be the fourth huge acquisition over the last 15 years – one for each of the last 4 CEOs – following purchases of Warner-Lambert, Pharmacia and Wyeth.

The deal values Allergan shares at $363.63 each, about 16 per cent more than their closing price of $312.46 on Friday. The list of companies includes Allergan, which still runs much of its operation out of New Jersey, and the generic drugmaker Mylan. The latest rules would not...

Having just moved to London in September, I anxious I might not even have enough friends to invite to a Thanksgiving dinner, never mind that I’d never been individually responsible for anything more rigorous than mashing the potatoes. Start by making a list of everyone...

“The result of the Bihar election shows that no lesson was learnt from the fiasco in Delhi”, the hard hitting statement said.

And another one has flown the coop from the U.S.to the Emerald Isle – Ireland – that boasts a less onerous corporate tax burden.