World Business News

Swiss engineering company ABB (ABBN.VX) was near an agreement on Sunday to acquire U.S. manufacturer Thomas & Betts Corp (TNB.N) for about $4 billion, the Wall Street Journal reported, citing people familiar with the matter.

Bangladeshi and Indian electricity companies have signed a deal to build a $1.5bn (£950m) plant to help address Bangladesh's chronic power shortages.

After being handed over the reins of the $2-billion Shapoorji Pallonji (SP) Group, Shapoor Mistry is betting big on energy.

Gold prices soared Thursday to the highest level in almost seven weeks as the dollar weakened after the US Federal Reserve vowed to keep interest rates near zero for more than two years.