LONDON - A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank Governor Mervyn King said on Saturday.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Germany's BASF raises offer for Pronova
OSLO (Reuters) - Germany's BASF (BASFn.DE) lifted its takeover offer for Norwegian fish oils maker Pronova PRON.OL to 13.50 crowns per share from 12.5, hoping to gain over 90 percent of the shares to push the deal through, Pronova said on Tuesday.
As of Monday, 69.7 percent of the Oslo-listed firm's owners offered their shares and shareholders had until 1530 GMT on January 18 to accept.
The new bid values the Oslo listed firm at 4.06 billion Norwegian crowns ($736.81 million) ($1 = 5.5103 Norwegian krones)
(Reporting by Balazs Koranyi)
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