Comcast gains unconditional EU antitrust approval to buy Sky
BRUSSELS (Reuters) – EU antitrust regulators have given the green light to U.S. cable company Comcast’s plan to acquire European pay-TV group Sky without demanding concessions.
Wall St heads lower on rising China trade tensions
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
Russian state reinsurer shoulders more risk after U.S. sanctions
MOSCOW (Reuters) – Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told Reuters.
Comcast’s record all-cash Fox bid signals aggressive lending push
NEW YORK (LPC) – Media company Comcast Corp’s record all-cash US$65bn bid to buy Twenty-First Century Fox’s media assets, a day after AT&T’s long-sought acquisition of Time Warner received a green light, signals an oncoming wave of M&A that banks will aggressively compete to finance.
Trump sets $50 billion in China tariffs with Beijing ready to strike back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest econ…
U.S. industrial output dips in May as manufacturing declines
WASHINGTON, (Reuters) – U.S. industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday.
Trump announces 25 percent tariff on Chinese technology
WASHINGTON (Reuters) – President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the …
Wells Fargo settles retail sales lawsuit for $142 million
(Reuters) – Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts.
Italy court rules it cannot hear Morgan Stanley derivatives case: sources
ROME (Reuters) – An Italian administrative court has ruled that it cannot hear a case against Morgan Stanley and former senior Treasury officials that included a request for 2.7 billion euros ($3.1 billion) in damages.
Futures slide as U.S. readies China tariffs
(Reuters) – U.S. stock index futures fell on Friday as the Trump administration prepared to impose tariffs on Chinese goods worth $50 billion that could trigger a countermove from Beijing and escalate trade tensions between the two largest economies.
