Global stocks struggle for footing after bond slip
LONDON (Reuters) – World stocks steadied at two-month lows on Thursday although bond markets stayed in the red as two of Europe’s top central banks keep their interest rates pointing firmly downwards – a full eight years on from the collapse of Lehman …
Bank of England signals new rate cut despite Brexit bounceback
LONDON, (Reuters) – The Bank of England said it was still likely to cut interest rates to just above zero later this year, even though the initial Brexit hit to Britain’s economy would be less severe than it expected only last month.
Walmart Canada to extend Visa ban to more stores from October 24
(Reuters) – Walmart Canada will stop accepting Visa Inc cards at its 16 stores in the province of Manitoba starting on Oct. 24, a spokesman said on Wednesday, raising the stakes in a high-profile fee dispute.
Shareholder adviser Glass Lewis backs AB InBev takeover of SABMiller
LONDON (Reuters) – Investor advisory firm Glass Lewis has recommended SABMiller shareholders vote in favor of its takeover by Anheuser-Busch InBev , adding to the likelihood of the $100 billion-plus beer mega-merger getting done.
Bayer clinches Monsanto with improved $66 billion bid
(Story refiles to change day of Potash/Agrium deal in paragraph 21 of September 14th story to Monday from Tuesday)
McDonald’s gets final bids for North Asia outlets: sources
HONG KONG (Reuters) – Fast-food giant McDonald’s Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners f…
Indonesia to investigate Google for possible unpaid taxes
JAKARTA (Reuters) – Indonesia’s tax office will investigate Alphabet Inc’s Google for suspected unpaid taxes in Southeast Asia’s largest economy, a senior finance ministry official said on Thursday.
HSBC considers hiking capital of its German unit: exec
FRANKFURT (Reuters) – HSBC is considering hiking the capital of its German unit as it seeks to expand in Europe’s largest economy, according to the head of HSBC Trinkaus , which is 81-percent owned by the British bank.
Indonesia to look into Ford’s sales after report on tax avoidance
JAKARTA (Reuters) – Indonesia’s tax office said it will look into whether Ford Motor Co had avoided paying appropriate taxes, after a local newspaper reported that the U.S. car maker modified imported Everest model vehicles sold in the country to pay …
Sony aims to extend VR content to films, no plans for smartphone-based headset
CHIBA (Reuters) – Sony Corp aims to extend content for its dedicated virtual-reality (VR) headset into non-gaming areas such as TV and film, and has no plans to join the burgeoning market for smartphone-based headsets, its gaming division chief said.
