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Canary Wharf owner rebuffs new 2.6 billion pound bid from Qatar

LONDON - The owner of London's Canary Wharf on Friday rebuffed a raised 2.6 billion pound bid for the financial district from Qatar and a North American investor saying it was too low.

Recent Business News

Germans resist ECB money-printing move, but Draghi gets key support

FRANKFURT/VIENNA - European Central Bank policymaker Ewald Nowotny on Friday backed ECB President Mario Draghi on steps to revive the euro zone economy with new stimulus, while Germany firmly maintained its opposition to buying sovereign bonds.

05 Dec 2014

Bullish U.S. jobs report keeps Fed on track for mid-2015 rate hike

WASHINGTON - U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.

05 Dec 2014

S&P upgrades Ireland rating to A on solid growth prospects

DUBLIN - Standard & Poor's raised Ireland's credit rating to 'A' on Friday, rewarding the former bailout recipient for what it said was solid economic growth, improving employment and a debt reduction path that stands out in the euro zone.

05 Dec 2014

Vale to consider base metals IPO only if nickel rallies

LONDON - A possible public listing of a stake in the base metals unit of Brazil's Vale SA hinges on a rally in nickel prices of around 20 percent, its chief financial officer said on Friday.

05 Dec 2014

AstraZeneca, Ranbaxy prevail in Nexium antitrust trial

- A Massachusetts jury has found that an agreement between AstraZeneca Plc and Ranbaxy Laboratories Ltd to delay the launch of a generic version of AstraZeneca's heartburn drug Nexium was not anticompetitive.

05 Dec 2014
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