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7 months 3 weeks ago

Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan

Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion takeover of Walmart's Asda, saying the supermarket groups are unlikely to be able to address its "extensive" concerns about the deal.

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7 months 3 weeks ago

French court ruling due in UBS $6 billion tax case

A French court will rule on Wednesday whether UBS, Switzerland's largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds.

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7 months 3 weeks ago

Caesars says continues to look at options after Icahn urges sale of company

Caesars Entertainment Corp said on Wednesday it will continue to look at options for the company, a day after activist investor Carl Icahn urged the U.S. casino operator to consider selling itself.

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7 months 3 weeks ago

Oil dips after forecast for record U.S. shale output

Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs.

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7 months 3 weeks ago

EU medicines agency loses bid to end London lease over Brexit

The European Medicines Agency (EMA) has lost its bid to cancel a lease on its office in London's Canary Wharf financial district due to Brexit, in a landmark ruling that lawyers said could stave off similar such claims by other tenants.

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7 months 3 weeks ago

Goldman Sachs backs U.S. construction finance tech startup Rabbet

Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday.

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7 months 3 weeks ago

U.S. ambassador to Italy visits Telecom Italia headquarters

The U.S. ambassador to Italy, Lewis Eisenberg, visited the Rome headquarters of Italian phone group Telecom Italia on Wednesday, a Reuters witness said.

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7 months 3 weeks ago

Ghosn's new lawyer, 'the Razor', takes aim at Nissan and prosecutors

Carlos Ghosn's new lawyer took aim at Nissan, prosecutors and courts on Wednesday, dismissing the charges against the ousted chairman as an internal company matter and saying Japan was out of step with international norms by keeping his client in jail.

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7 months 3 weeks ago

Spotlight falls on Swedbank in Baltic money laundering scandal

Swedbank defended its money laundering controls after Swedish television said it had uncovered documents linking the bank to suspicious transactions with Danske in Estonia.

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7 months 3 weeks ago

German prosecutors start penalty proceedings against Daimler in diesel probe

German prosecutors in the city of Stuttgart have opened penalty proceedings against carmaker Daimler linked to suspected manipulation of diesel cars, the prosecution office said on Wednesday.

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