BP’s gasoline buying lifts European benchmark to record volumes
LONDON (Reuters) – An unprecedented gasoline buying spree by BP in June lifted trading volumes on Europe’s benchmark Argus index to the highest on record, the price reporting agency said on Friday.
Buffett’s company to become Bank of America’s top shareholder
(Reuters) – Warren Buffett’s company will become the biggest shareholder in Bank of America Corp , after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank.
Exclusive: Airbus CEO Enders to take control of plane sales in new shake-up
PARIS (Reuters) – Airbus is launching a reorganization of its commercial aircraft sales operations in a move likely to focus fresh attention on a delicate balance of power at Europe’s largest aerospace company, people familiar with the situation said.
HSBC ends 20-month wait for China securities JV approval
LONDON (Reuters) – HSBC has won Chinese approval for its investment banking joint venture with a local state-backed fund, ending a twenty-month wait for a decision that will allow it to begin expanding its business in the world’s second largest econom…
Bayer to cut profit view on Brazil, consumer health setbacks
FRANKFURT (Reuters) – Bayer said on Friday it would cut its full-year earnings forecast due to high inventories at crop protection distributors in Brazil and a weaker-than-expected consumer health business.
Markets bet Abe will ‘pull stimulus from a hat’ if Tokyo election stings
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe has seen his popularity slump ahead of a local election in Tokyo following scandals and gaffes by officials close to him, but the stock market is betting that a poor showing by the premier’s party wo…
Hong Kong home prices hit record high as Xi praises government on housing
HONG KONG (Reuters) – Hong Kong’s private home prices hit a record high in May, according to government data released on Friday, just as Chinese President Xi Jinping praised the local government for “making progress” on its work on housing.
Brightening economy sets euro up for strongest quarter since debt crisis
LONDON (Reuters) – The euro came off yearly highs on Friday but was still set for its strongest quarter in six years as investors pile into the currency on a brightening euro zone economy and its implications for monetary policy in the bloc.
U.S. SEC to allow firms to file confidential draft statements before IPOs
(Reuters) – The U.S. Securities and Exchange Commission said on Thursday it was expanding the Jumpstart Our Business Startups (JOBS) Act, by allowing all public companies to file confidentially prior to initial public offerings, in a move designed to r…
Europe M&A surges but U.S. slows sharply amid uncertainty
(Reuters) – Acquisitions of European companies surged in recent months, amid optimism about the region’s economic prospects, but global deal-making subsided and the total value of U.S. deals fell sharply due to uncertainty about President Donald Trump’…
