World stocks hold near 16-month highs after strong week
LONDON (Reuters) – World stocks held near 16-month highs on Friday, set for a strong weekly gain, while the euro fell further after the European Central Bank’s decision to extend its stimulus program.
Exclusive: Banks want to be subject to EU laws for five years in post-Brexit deal
LONDON (Reuters) – Large banks in Britain want the UK government to allow their industry to remain subject to EU laws for up to five years after Brexit, a move likely to enrage eurosceptics who want to break away from the bloc’s legal system as soon as…
Pernod further expands in craft spirits with Smooth Ambler deal
PARIS (Reuters) – Pernod Ricard , the world’s second-largest spirits group, has agreed to buy a majority stake in Smooth Ambler Spirits, the U.S. maker of Old Scout bourbon and Greenbrier gin, further strengthening its portfolio of premium craft spirit…
EU launches new investigation into Chinese steel imports
BRUSSELS (Reuters) – The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, a case Beijing said it viewed with deep concern.
Macau eases gambling crackdown concerns after casino shares tumble
MACAU (Reuters) – Macau, the world’s biggest gambling hub, moved on Friday to clarify it had not tightened daily cash withdrawal limits for Chinese gamblers, after fears of a crackdown on illicit money outflows sent shares in casino operators tumbling….
Walt Disney’s signed will, animation trove go up for auction
LOS ANGELES (Reuters) – Walt Disney fans can buy a piece of history when the late animation entrepreneur’s signed will and other Disney memorabilia go up for auction on Friday.
Macau authority lowers upper limit for ATM withdrawals per transaction
HONG KONG (Reuters) – The Monetary Authority of Macao said on Friday it has lowered the upper limit for automated teller machines (ATMs) withdrawals to 5,000 patacas ($626.33) or Hong Kong dollars per transaction and clarified the daily withdrawal limi…
China criticizes U.S. for blocking German Aixtron deal
BEIJING (Reuters) – China’s Ministry of Commerce (MOFCOM) criticized the United States on Friday for thwarting a Chinese investment fund’s proposed acquisition of German semiconductor equipment maker Aixtron .
Japan nearly doubles Fukushima disaster-related cost to $188 billion
TOKYO (Reuters) – Japan’s Ministry of Economy, Trade and Industry (METI) said on Friday it has nearly doubled its projections for costs related to the Fukushima nuclear disaster, including decommissioning and compensation, to 21.5 trillion yen ($188.40…
3M to sell identity management business to Gemalto
(Reuters) – 3M Co , the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam-based digital security company Gemalto for $850 million.
