european

EU regulators to rule on $130 billion Dow, DuPont deal by July 28

EU antitrust authorities will decide by July 28 whether to allow the $130 billion merger of U.S. chemical company Dow Chemical Co and its rival DuPont , one of several large agribusiness deals. The companies requested approval on Wednesday

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EU regulators to rule on $130 billion Dow, DuPont deal by July 28

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U.S. banks tell trading clients to brace for UK vote

U.S. banks including Bank of America Corp and Morgan Stanley are warning clients about the potential for extreme price moves as Britain prepares to vote on its membership of …

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U.S. banks tell trading clients to brace for UK vote

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

By Nichola Groom and Paul Lienert LOS ANGELES/DETROIT (Reuters) – Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 percent to $189.99 in extended trading – amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent …

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

european

Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen

The Federal Reserve's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tuesday. …

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Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen

european

Exclusive: EU set to clear unconditionally Marriott, Starwood deal – source

U.S. hotel chain Marriott International is on track to win unconditional EU antitrust approval for its cash and share purchase of Starwood Hotels and Resorts Worldwide Inc , a person familiar with the matter said on Tuesday. The deal, currently worth $12.5 billion, will put Marriott's brands including the Ritz-Carlton and Starwood's Sheraton and Westin…

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Exclusive: EU set to clear unconditionally Marriott, Starwood deal – source

european

Exclusive: ECB would pledge to backstop markets after a Brexit – sources

By John O'Donnell and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank would publicly pledge to backstop financial markets in tandem with the Bank of England should Britain vote to leave the European Union, officials with knowledge of the matter told Reuters. Such an announcement from the ECB would come on June 24 if an …

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Exclusive: ECB would pledge to backstop markets after a Brexit – sources

european

Brexit would cause big problems for German banks: German financial watchdog

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. “They have the most activities

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Brexit would cause big problems for German banks: German financial watchdog

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Google faces record 3 billion euro EU antitrust fine: Telegraph

Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a…

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Google faces record 3 billion euro EU antitrust fine: Telegraph

european

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

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Bank of England warns on Brexit risks, tightens buy-to-let lending rules

The Bank of England said on Tuesday that risks around Britain's referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage lending to landlords. The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up. “The outlook for financial stability in the United…

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Bank of England warns on Brexit risks, tightens buy-to-let lending rules

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