Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) – Luxembourg’s largest brewery Brasserie Nationale has challenged EU antitrust regulators’ bid to examine its proposed buy of wholesale drinks distributor Boissons Heintz, saying there was no plausible analysis to show that the deal would threaten competition in the Grand Duchy. The appeal by Brasserie Nationale to the Luxembourg-based …

Luxembourg brewery challenges EU bid to review drinks distributor takeover Read More »

By Karin Strohecker and Libby George LONDON (Reuters) -Ukraine said on Monday it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds, bringing the war-torn country closer to an unprecedented debt rework. Ukraine’s announcement comes just over a week before a two-year debt suspension agreement struck …

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure Read More »

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday that it has opened a preliminary evaluation into about 150,000 Stellantis vehicles over reports of loss of motive power due to electrical concerns. (Reporting by Disha Mishra in Bengaluru; Editing by Savio D’Souza)

By Huw Jones LONDON (Reuters) -Patchy progress on implementing reforms to make money market funds and other types of “non banks” safer has left the global financial system vulnerable to more shocks, the G20’s risk watchdog said on Monday. The Financial Stability Board said that many of the underlying vulnerabilities that contributed to incidents, such …

Vulnerabilities in non-banks leave door open to ‘shocks’, says G20 watchdog Read More »

By Pranav Kashyap and Shristi Achar A (Reuters) -European shares rose on Monday, rebounding from steep losses in the previous session, while investors assessed the implications of President Joe Biden’s exit from the U.S. presidential election race. The pan-European STOXX 600 index gained 0.9% as of 0847 GMT, snapping its longest losing steak in nine …

European stocks rebound from biggest weekly drop this year Read More »

FRANKFURT (Reuters) – European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them. “The doors remain open to additional easing should the environment warrant and justify such action,” the Slovak governor said in a blog post. “Financial markets …

ECB’s Kazimir opens door to two more rate cuts Read More »