Bloomberg French executives brushed aside concerns about the U.K. vote to leave the European Union, reporting improving confidence in the first major survey of business sentiment since the British referendum. Business sentiment rose two points to 102 in July, while sentiment among manufacturing executives climbed one point to 103, national statistics office Insee said Thursday. The increase suggests that ...

  Bloomberg Galenica AG, the owner of Switzerland’s biggest pharmacy network, agreed to buy Relypsa Inc. for about $1.53 billion to gain a new medicine and a commercial network in the U.S. The Swiss company will pay $32 per share in cash for Redwood City, California-based Relypsa, it said in a statement on Thursday. That’s 59 percent above yesterday’s closing ...

  Bloomberg Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5 billion bid for gas explorer InterOil Corp. Oil Search Ltd. and Total SA had offered to buy InterOil in May in a deal that valued the company at $2.2 billion. Exxon topped it with ...