By Huw Jones LONDON (Reuters) – Deutsche Boerse’s derivatives division stepped up efforts on Tuesday to attract a bigger slice of multi-trillion euro derivatives clearing from London to its base in Frankfurt ahead of anticipated European Union legislation. Brussels has likened the need to cut the EU’s heavy reliance on London for euro derivatives clearing …
Frankfurt steps up efforts to shift euro clearing from London Read More »
By Diane Bartz WASHINGTON (Reuters) -A planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge has ruled. Judge Florence Pan of the U.S. District Court for the District of Columbia, said in a brief order on Monday that she found …
U.S. judge says Penguin Random House book merger cannot go forward Read More »
(Reuters) – European shares opened higher on Tuesday, as blowout earnings from BP boosted oil stocks, while hopes that the U.S. Federal Reserve would slow down the pace of its rate hikes next month also lifted the mood. The pan-European STOXX 600 index jumped 1.1% by 0808 GMT, after ending October at its highest in …
European shares open higher as oil stocks rise, Fed pivot hopes remain Read More »
LIMA (Reuters) – Peruvian demonstrators on Monday burned infrastructure at Hochschild Mining Plc’s Inmaculada mine as part of a protest, the company said, threatening the operations of its largest mine in the Andean nation. UK-listed Hochschild is an important precious metals miner and Inmaculada produces both gold and silver. The company did not say if …
Protesters in Peru target Hochschild’s largest mine Read More »
LONDON (Reuters) -British online furniture retailer Made.com said it would appoint administrators after it ran out of cash, becoming one of the first retailers to fail as a result of the squeeze on household budgets this year. Made.com’s rapid decline – it floated less than 18 months ago with a value of 775 million pounds …
British furniture retailer Made.com fails as consumer squeeze bites Read More »
(Reuters) – TP ICAP posted a 14% jump in its third-quarter revenue in reported currency on Tuesday, as the world’s biggest inter-dealer broker benefited from stock and foreign exchange market volatility and robust performance in its global broking unit. Trading platforms are now seeing a rise in client activity after market volatility rose, triggered by …
Broker TP ICAP third-quarter revenue jumps on market volatility Read More »
AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent. In a pre-market statement, Amsterdam-based Prosus said an article in Asian Tech Press citing unnamed sources saying that …
Prosus and Naspers deny report they are in talks to sell Tencent stake Read More »
(Reuters) – Ukraine-focused miner Ferrexpo Plc said on Tuesday it would partially resume production at its operations in central Ukraine, after temporarily suspending activity last month. Ferrexpo in October temporarily suspended its production after Russian missile attacks damaged state-owned electrical infrastructure. The London-listed group is also drawing down on its stockpiles of finished iron ore …
Miner Ferrexpo partially resumes production in central Ukraine Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp’s has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion bid for “Call of Duty” maker Activision Blizzard ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The U.S. software company is betting on the …
No Microsoft remedies in first EU antitrust review of Activision deal – source Read More »
LONDON (Reuters) – A New York judge has dismissed criminal charges against Tom Hayes, the British trader who became the face of the global Libor interest rate scandal. The former UBS and Citigroup trader served more than five years in prison in Britain for conspiring to rig Libor (London interbank offered rate) – a benchmark …
U.S. throws out Libor-rigging charges against Hayes Read More »
