Britain’s upstart banks face a bumpy ride through Brexit fall-out
LONDON (Reuters) – Facing the prospect of their first UK recession, Britain’s small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood.
London stock exchange shareholders vote on merger deal under Brexit cloud
LONDON/FRANKFURT (Reuters) – Shareholders of the London Stock Exchange will vote on Monday on whether to back a $27 billion merger with Deutsche Boerse, even though the deal may have to be tweaked following Britain’s decision to leave the European Unio…
Lotte Group Chairman Shin says to cooperate fully with South Korea probe
SEOUL (Reuters) – Lotte Group Chairman Shin Dong-bin said on Sunday he will cooperate fully with a probe by South Korean prosecutors into alleged wrongdoing by Lotte’s owner family members and executives.
VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe
BERLIN (Reuters) – Volkswagen’s CEO has rejected calls for the carmaker to compensate customers in Europe over the ‘Dieselgate’ emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar sett…
Mondelez’s bid may find gaps in Hershey’s armor
NEW YORK/LOS ANGELES (Reuters) – An elaborate structure put in place to preserve Hershey Co’s ties to its local community has been roiled by scandal, creating an opening that Mondelez International Inc seized on to launch a $23 billion for the chocol…
After market spasm, Wall Street looks past Brexit
SAN FRANCISCO (Reuters) – A week-long convulsion in U.S. stocks induced by Britain’s vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates.
Deutsche Bank CEO says no need for capital increase: report
FRANKFURT (Reuters) – Deutsche Bank will not need a capital increase for the foreseeable future, its chief executive told German magazine Spiegel in an interview.
Tesla crash raises concerns about autonomous vehicle regulation
(Reuters) – The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely.
Berkshire seeks to boost its Wells Fargo stake above 10 percent
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny.
Wall St. ends higher for fourth straight day
NEW YORK (Reuters) – The major U.S. stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging U.S. manufacturing data.
