Emirates National Oil, owner of 53 per cent of Dragon, said it intends to offer 735 pence a share, a premium of 44 per cent from March 13th, the day before the talks were initially disclosed. Photograph: Finbarr O’Rourke

Emirates National Oil Co. proposed to buy the shares in Dragon Oil Plc it doesn’t already own, valuing the Dubai-based producer at about £3.6 billion (...)

Alcoa’s sales fell 1.9 per cent to $5.85 billion, surpassing the $5.79 billion average of nine estimates. Photograph:  Reuters/Alessandro Bianchi

Alcoa, the largest US aluminium producer, reported earnings that beat analysts’ estimates following a better-than-expected performance at its unit tha(...)