U.S. top court rejects bid to revive $7.25 billion credit card settlement
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by retailers to revive a $7.25 billion antitrust settlement they reached with Visa Inc and Mastercard Inc over claims the card networks improperly fixed credit and debit car…
Brazil’s JBS weighs suspending U.S. IPO: report
SAO PAULO (Reuters) – Brazil’s JBS SA, the world’s biggest meatpacking company, will decide in coming days whether to suspend listing its overseas operations after a corruption scandal, newspaper Folha de S.Paulo said on Monday.
London’s reputation slips on Brexit but European rivals lag: survey
FRANKFURT (Reuters) – London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind.
Wall Street off as Trump agenda weighed; Dow down for eighth day
(Reuters) – The S&P 500 cut earlier losses on Monday to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump’s first major legislative action would impact the rest of his agenda.
Plateau in U.S. auto sales heightens risk for lenders: Moody’s
DETROIT (Reuters) – As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody’s Investors Service said in a report released on Monday.
VW’s Audi halts A4, A5 production at Ingolstadt over parts shortage
BERLIN (Reuters) – German luxury carmaker Audi will halt production of the A4 and A5 luxury models at its Ingolstadt base this week until Thursday due to a parts shortage after a fire at a supplier, it said on Monday.
China state firms eye land around Panama Canal: waterway authority
SHANGHAI (Reuters) – Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around th…
Asset sales plan secures EU backing for $130 billion Dow, DuPont merger
(Reuters) – Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities.
Decision on Monte Paschi rescue soon; Vicenza and Veneto next: ECB
FRANKFURT (Reuters) – European authorities will soon decide on a public rescue plan for Italian lender Monte dei Paschi di Siena and are already working on similar requests from two smaller banks, the European Central Bank’s top supervisor said on Mon…
Morgan Stanley ups European earnings forecasts, says financials in ‘sweet spot’
LONDON (Reuters) – A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes.
