Business

Biogen Inc will take a $650 million stake in Sage Therapeutics and make an upfront payment of $875 million to jointly develop and sell treatments for depression and other neurological disorders, the two companies said on Friday.

Gold slumped 2%, breaking below the key $1,800 support level to a near fivemonth trough on Friday, as growing optimism about a quick vaccinefuelled economic recovery and a smooth White House transition powered share market to fresh records.

Airbus has found homes for six A320neofamily aircraft rejected by one of its largest customers, Malaysia's AirAsia, as it makes further progress in reducing an overhang of jets left by the coronavirus crisis, industry sources said.

World stocks remained on course for their best month ever on Friday as recent vaccine progress, Joe Biden's U.S. presidential election win, hopes for further stimulus, a commodity surge and descending dollar all lifted the spirits.

Japanese property developer Mitsui Fudosan Co said on Friday it would pay $1.2 billion to buy ballpark operator Tokyo Dome Corp, a whiteknight bid likely to help fend off prominent activist fund Oasis Management.

African peace envoys were due to meet Ethiopian Prime Minister Abiy Ahmed on Friday, a day after he said the military was beginning the "final phase" of an offensive in the northern Tigray region that rights groups fear could bring huge civilian casualtie...

African peace envoys were due to meet Ethiopian Prime Minister Abiy Ahmed on Friday, a day after he said the military was beginning the "final phase" of an offensive in the northern Tigray region that rights groups fear could bring huge civilian casualtie...

Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highlyanticipated coronavirus vaccine against hopes that some of the region's economies will recovery quicker than their Western peers.

The planned escalation of a strike by Norwegian security guards could begin to shut the Nyhamna gas processing plant and two large gas fields from Friday, which would reduce Norway's exports to Europe by a quarter, system operator Gassco said.

The chief executive of Norway's $1.2 trillion sovereign wealth fund has been diagnosed with coronavirus and is showing mild symptoms, he said on Thursday.

South Korea's LG Corp said on Thursday it would spin off five affiliates into a new holding company next year, the latest reorganisation at one of South Korea's familyled conglomerates as they pass to a new generation of leaders.

Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID19 lockdowns.

German media group Bertelsmann has agreed to purchase publisher Simon & Schuster for $2.175 billion in cash from ViacomCBS, strengthening its presence in the United States.

Arianna O'Dell, a 30yearold entrepreneur and songwriter based in New York City, had a tumultuous fouryear journey in cryptocurrency before selling her investments in February.

Gold languished near a fourmonth low on Wednesday as appetite for riskier assets remained buoyed by the formal start of U.S. Presidentelect Joe Biden's transition to the White House and hopes a COVID19 vaccine would be ready soon.

President Donald Trump insisted Tuesday that he is not giving up his fight to overturn the election results, but across the federal government, preparations were beginning in earnest to support Presidentelect Joe Bidens incoming administration.