Westfield chairman Sir Frank Lowy and his son Peter talk via video-link as his other son Steven listens on during a media conference in Sydney on Tuesday. Photograph: David Gray/Reuters

Westfield, the developer behind shopping centres in London and New York, has agreed to be acquired by France’s Unibail-Rodamco in a $24.7 billion deal(...)

Key stock indexes in Europe and on Wall Street climbed on Thursday, but a gauge of global equities was little changed, with gains offset by a decline in emerging markets. Photograph: Getty Images

Global equity markets and the dollar edged higher on Thursday, helped by fresh data showing a tighter US labour market, as investors stayed cautious b(...)

A trader working on the floor of the New York Stock Exchange shortly after the market opened yesterday. Global stocks  rose sharply  after Federal Reserve chief Ben Bernanke suggested  the US central bank may not yet  wind down its stimulus policy. Photograph:  Reuters/Lucas Jackson

European stocks advanced to a one-month high after Federal Reserve chairman Ben Bernanke said the US economy would continue to need stimulus measures.(...)