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(MENAFN - AFP) US stocks edged mostly higher in early trade Monday, with a record-breaking $160 billion drug merger deal between Pfizer and Ireland-based Allergan drawing attention.

Pfizer fell 2.6 percent to $31.35 after announcing it would buy Allergan to create the world's largest pharmaceutical company and move its headquarters to low-tax Ireland, throwing down a challenge ...

(MENAFN - AFP) Legendary carmaker Ferrari said on Monday it was seeking a share listing on the Milan stock exchange, a month after roaring onto Wall Street.

The nine percent of shares in Ferrari placed by the Fiat Chrysler Automobiles (FCA) in October will be quoted in both New York and Milan once the Italian listing goes ahead, it said.

The Wall Street sale on October ...

(MENAFN - AFP) US-based Pfizer and Ireland-based Allergan said Monday they will merge to create the world's biggest pharmaceutical group in a deal worth about $160 billion.

The transaction is the biggest merger announced this year and has been approved by the boards of both companies. It should be finalized in the second half of 2016 and will be fiscally advantageous for ...

(MENAFN - AFP) Lufthansa cabin staff will go on strike on Thursday and Friday, their union UFO said, warning of more stoppages next Monday if the German airline's management failed to "react appropriately".

"We hope that this will finally bring serious movement in this labour dispute and that we will not be forced to also strike in December," said UFO chief Nicoley Baublies ...

(MENAFN - AFP) Viagra-maker Pfizer and Allergan, the maker of Botox, said Monday they will merge to create the world's biggest pharmaceutical group in a deal worth around $160 billion (151 billion euros).

The transaction is the biggest merger announced this year and has been approved by the boards of both companies. It should be finalised in the second half of 2016 and will ...

(MENAFN - AFP) Shares in Guotai Junan International dived Monday after the major Chinese brokerage said it could not find its Hong Kong chief, at a time when Beijing is targeting the financial sector in an anti-graft campaign.

Shares in the Hong Kong-listed firm, a subsidiary of Guotai Junan Securities, dropped more than 15 percent at one point after the company said it had ...

(MENAFN - AFP) Companies may put investment plans on hold in the wake of Paris attacks which have sapped investor confidence, the head of industrial giant Siemens said in remarks published Monday.

"The biggest economic damage from these attacks is on confidence, and confidence is a crucial element in this phase," Siemens chief executive Joe Kaeser told the Financial Times.

"My ...

(MENAFN - AFP) Growing confidence that the US will raise interest rates next month boosted the dollar in Asia on Monday, where shares took heart from a rally on Wall Street.

US stocks capped their best week this year on Friday as investors digested growing signs the Federal Reserve thinks the world's top economy is srong enough to handle a rate rise next month.

The ...

(MENAFN - AFP) Berlin luxury department store KaDeWe said Sunday that it would resume selling Israeli wines it had pulled from its shelves over new EU labelling guidelines for products from Jewish settlements.

The decision to stop carrying the wines, reported Friday in the German media, had sparked fury in Israel, with Prime Minister Benjamin Netanyahu blasting a "boycott" ...

(MENAFN - AFP) Locked in a safe in Russia's state archive lie two white cardboard boxes holding a few fragments of darkened bones, each numbered and stored in a plastic bag.

Geneticists, forensic experts and investigators have long been certain who these remains belonged to -- Alexei, the 13-year-old son of the last tsar Nicholas II, and his sister Maria, who were shot along ...

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