WASHINGTON (Reuters) – The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft’s $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency’s fight is nearing the end. After a big loss last week in district court, the agency’s …
US FTC eyes options after Microsoft/Activision loss, source says Read More »
SAO PAULO (Reuters) – Brazilian meat lobby ABPA, which represents pork and poultry processors, said on Monday Britain had approved a “pre-listing” model for chicken exporting plants based in the South American country. Under the system, all companies that wish to ship chicken to the UK market must be approved by the Brazilian Agriculture Ministry, …
Brazil meat lobby says UK has used rules for chicken exporting plants Read More »
By Sam Tobin and Paul Sandle LONDON (Reuters) -Microsoft’s appeal against Britain’s block on its $69 billion takeover of Activision Blizzard was formally paused by a London tribunal on Monday, to give the parties more time to resolve the dispute. Microsoft, Activision and Britain’s competition regulator, the Competition and Markets Authority (CMA), had all asked …
Microsoft granted two-month pause of UK appeal over Activision deal Read More »
(Reuters) – Britain’s financial regulator and information watchdog will warn banks that they cannot hide behind data protection rules if they fail to alert savers of better deals, the Financial Times reported on Monday. Politicians and consumer campaigners have been putting pressure on British lenders to raise rates for savers as fast as they have …
UK regulators to warn banks on failure to alert over better savings deals – FT Read More »
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks. This means that Credit Suisse will no longer be the reference entity for its outstanding CDS, which are a type of …
CDS panel rules UBS is sole successor to Credit Suisse after merger Read More »
By Jonathan Saul LONDON (Reuters) -Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a U.N.-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a …
Insurers reviewing Black Sea ship cover after Russia quits deal -sources Read More »
By Sybille de La Hamaide and Richa Naidu PARIS/LONDON (Reuters) -French dairy group Danone is reviewing its legal options after the Russian state took control of its subsidiary in the country, a source close to the matter told Reuters on Monday. The source said Danone would write to the Kremlin and was in contact with …
Exclusive-Danone reviews legal options after Russia seizes local business Read More »
By Amruta Khandekar, Shreyashi Sanyal and Shristi Achar A (Reuters) -European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world’s second-biggest economy. The pan-European STOXX 600 index closed 0.6% lower, with luxury giants …
European shares slip as Richemont, China data drag Read More »
By Shashwat Chauhan and Khushi Singh (Reuters) -British equities slipped on Monday, with mining stocks leading declines after weak economic data from top commodities consumer China knocked down metal prices, while energy stocks mirrored a dip in crude prices. The blue-chip FTSE 100 lost 0.4%, while the more domestically focussed FTSE 250 midcap index fell …
UK stocks fall as weak China recovery drags down commodity shares Read More »
LONDON (Reuters) – Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent “consumer duty” that is being rolled out to banks, funds and insurers on July 31. The Financial Conduct Authority has said its new duty will be a step change …
UK watchdog proposes applying ‘consumer duty’ to social media Read More »
