AFP Mining giant Glencore reported reduced first-half losses on Wednesday, as the company pushes forward with an aggressive cost-cutting plan to recover from a brutal 2015. The Switzerland-based company posted a loss of $369 million (327 million euros) through the first half of the year, an improvement on the $676 million Glencore lost in the first six months of ...

  AFP British drugs giant AstraZeneca on Wednesday agreed to sell part of its antibiotics business to US giant Pfizer for up to $1.6 billion (1.4 billion euros). The deal for the company’s small-molecule antibiotics, or those developed using traditional chemistry, is expected to complete in the fourth quarter, AstraZeneca said in a statement. The news comes days after Pfizer ...

  London / AFP European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data. Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said. Gross domestic product (GDP) grew by 0.4 percent between ...