Emirates Telecommunications Corp., (ETISALAT) the United Arab Emirates most valuable listed company, agreed to sell businesses in six West African countries to Maroc Telecom for $650 million. The Abu Dhabi-based company, known as Etisalat, is selling operations in Benin, Central African Republic, Gabon, Ivory Coast, Niger and Togo, it said […]

UBS AG (UBSN), Switzerland’s biggest bank, hired Ros Stephenson from Barclays Plc (BARC) to be global chairman of corporate client solutions, reporting to Andrea Orcel, the investment bank’s chief. Stephenson, based in New York, will join the executive committees of the investment bank and the Americas starting in September, according […]

U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world’s biggest pharmaceuticals company. AstraZeneca’s board said the offer “substantially undervalues” the company and was not an adequate basis on […]