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Nokia to shed more than 1,000 jobs in Finland

  Finland / AFP Mobile phone giant Nokia is to cut more than 1,000 jobs in Finland, the company announced on Friday, as part of cost-cutting measures following its merger with Alcatel-Lucent. Once the world’s top mobile phone maker, Finland’s Nokia has been crushed by Samsung and Apple in the smartphone and tablet market in recent years, but earlier this ...

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German bonds in tightest range in 15 months as ECB sidelined

  Canberra / Bloomberg German government bonds are stuck in their tightest trading range in more than a year as European Central Bank policy makers maintain a wait-and-see attitude toward inflation and their monetary-stimuluspolicy. Benchmark 10-year bund yields this month have moved within a range of just 19 basis points, or 0.19 percentage point, compared with an average 26 basis points ...

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Bayer to pay upwards of $63 billion to acquire Monsanto

  Bloomberg Now that Bayer AG’s bid for seed giant Monsanto Co. is out of the bag, attention has turned to how much the German company will need to pay. The value of the transaction could top $63 billion, according to some analysts tracking the situation. So far, neither side has disclosed the terms or structure of the deal. That’s ...

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