britain

Ratings agency Moody’s says Britain at risk of credit downgrade

By David Milliken LONDON (Reuters) – Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and …

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Ratings agency Moody’s says Britain at risk of credit downgrade

britain

EU regulators clear $100 billion-plus AB InBev, SABMiller deal

The world's largest brewer Anheuser-Busch InBev gained EU antitrust approval on Tuesday for its $100 billion-plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe. Reuters was the first to report that AB InBev's concessions to sell substantial assets would secure the EU green light for one of the largest corporate…

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EU regulators clear $100 billion-plus AB InBev, SABMiller deal

britain

Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter. Sanofi has threatened to oust the board after Medivation rejected its unsolicited $9.3 billion acquisition offer late last month, taking advantage of a so-called 'written consent' rule that gives Medivation shareholders the…

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

britain

Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates…

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Asian shares gain, dollar firm as US data soothes rate fears

britain

Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months. Europe was also poised for a strong open, with financial spreadbetters expecting Britain's FTSE 100 to open up 0.9 percent, Germany's DAX to jump 1.1 percent, and France's CAC 40 to start the day 0.8 percent higher. U.S. new home sales data on Tuesday showed …

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Asian shares gain, dollar firm as US data soothes rate fears

britain

ICE may have more time to consider bid for London bourse

By Sophie Sassard and Huw Jones LONDON (Reuters) – London Stock Exchange Group and Deutsche Boerse may have to delay a vote on their proposed merger until after Britain's EU referendum, handing more time to Intercontinental Exchange to decide whether to make a counter-bid for the British bourse. LSEG had been expected to hold a special shareholder meeting to approve the merger with Deutsche Boerse before Britain votes on June 23 on whether to quit the EU. …

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ICE may have more time to consider bid for London bourse

britain

IMF cuts global growth outlook again, warns of political risks

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and growing economic inequality as it cut its global growth forecast …

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IMF cuts global growth outlook again, warns of political risks

britain

Tata Steel to launch UK sale process by Monday: UK minister

India's Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai. Prime Minister David Cameron's government has sought to broker a deal with potential buyers after Tata Steel put its British operations up for sale last week, threatening thousands of jobs. Tata had said it wanted…

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Tata Steel to launch UK sale process by Monday: UK minister

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Britain says government contracts must consider local steel firms

Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. The government is looking for ways to support domestic steel producers after India's Tata Steel put its British plants…

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Britain says government contracts must consider local steel firms

britain

Toshiba to sell part of its chip operations: sources

Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with

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Toshiba to sell part of its chip operations: sources

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