Teva offers $40.1bn for US rival Mylan

Cash-and-shares proposal continues consolidation in pharma sector

Oil has hit its lows, says Vitol chief

Ian Taylor sees pick-up in demand and delays in Iran output

Military cutbacks hit Lockheed Martin

Net income falls 5.9% amid budget cuts and troop withdrawals

US and Europe stocks firm as results reassure

China bourses resume bull run after Wall St bounce

Bond investors grumble at buyback bonanza

Not all US investors thrilled at buyback and dividend generosity

Credit Suisse beats expectations

Shares drop on fears Swiss bank may have to raise capital

DoJ security chief in plea over hackers

Carlin fears US faces ‘pre-9/11 moment’ in cyber attack fight

Britain tests US over Berkshire scrutiny

Buffett company left off provisional ‘too big to fail’ list

DoJ aims for May forex deal with 5 banks

US wants to resolve market manipulation claims in one settlement

Pemex set to expand oil production

Mexican energy group says falling output trend is poised to end

Egypt’s Morsi sentenced to 20 years jail

First elected leader guilty of using violence against protesters

Comment and Analysis

Brazil’s luxury market checked by reality

Consumers rein in spending on upmarket goods to unprecedented extent

Beijing breathes easier as smog subsides

China’s poorer areas choke as moves to shift industry take effect

HUAIBEI, CHINA - APRIL 08: (CHINA OUT) Investors observe stock market at a stock exchange corporation on April 8, 2015 in Huaibei, Anhui province of China. The Shanghai composite index has rises 0.84% on Wednesday in Huaibei. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)

China takes steps to address debt problem

Borrowers and lenders likely to get help from central bank rate cuts

Best comments from our readers


"If a family tosses out a child who refuses to work when he is 18, most onlookers would look askance. But if that kid spent five years refusing to look for work etc. and he then gets tossed out the community response would probably support that move.The same with Greece."
By aeolius on Greek default necessary but Grexit is not



"Too many companies these days recruit because of experience not because of ability. The banks are the worst at this, expecting new hires to start contributing immediately and so will not move people internally - they would have to learn the new role, which would take too long."
By A 30-year work anniversary is a freak event to be cheered


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