FCC chair proposes retaining most U.S. media ownership rules
WASHINGTON (Reuters) – The chairman of the U.S. Federal Communications Commission on Monday proposed retaining most rules limiting cross ownership of newspapers, radio and TV stations in the same market.
Fitch cuts UK credit rating by one notch to AA after Brexit vote
LONDON (Reuters) – Fitch Ratings cut Britain’s credit rating on Monday and warned more downgrades could follow, joining Standard & Poor’s in judging that last week’s vote to leave the European Union will hurt the economy.
Brent crude tumbles to seven-week low on dollar rally, Brexit turmoil
NEW YORK (Reuters) – Crude prices tumbled nearly 3 percent on Monday, with Brent hitting seven-week lows, as a rallying dollar and market uncertainty over Britain’s shocking vote to exit the European Union threatened to sap more strength from oil’s reb…
Doubts grow over Airbus A380 sale to Iran: sources
PARIS (Reuters) – As Western planemakers seek to finalize lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country’s national flag carrier, several people familiar with deal …
U.S. Judge says Kraft, Mondelez must face wheat price rigging lawsuit
(Reuters) – A federal judge in Chicago on Monday rejected Kraft Heinz Co’s and Mondelez International Inc’s effort to dismiss a lawsuit in which wheat futures and options traders accused them of illegally manipulating the grain’s price.
Havana ATMs accepting U.S. bank’s MasterCard: central bank
HAVANA (Reuters) – MasterCards from Florida-based Stonegate Bank are the first U.S.-issued credit cards that can be used to withdraw cash at automatic teller machines in Cuba, the first vice president of the country’s central bank said on Monday.
Illinois insurance regulator approves Aetna purchase of Humana
NEW YORK (Reuters) – The Illinois Department of Insurance has approved Aetna Inc’s proposed $34 billion acquisition of Humana Inc provided it is approved by the U.S. Department of Justice, according to an order dated June 23 posted on the department’…
ECB, BoE and Fed heads cancel panel chat after Brexit vote
SINTRA (Reuters) – The heads of the European Central Bank, Bank of England and U.S. Federal Reserve have canceled a panel discussion scheduled for Wednesday after Britain’s vote to leave the European Union.
British government puts sale of RBS, Lloyds stakes on hold after Brexit vote: sources
LONDON (Reuters) – Britain’s government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said, a decision set to leave a multi-billion pound hole in its finances. T…
French prosecutor seeks trial for UBS over client tax fraud-judicial source
PARIS (Reuters) – A French financial prosecutor requested Swiss bank UBS go on trial for covering up clients’ tax fraud as well as illegal prospecting, a judicial source told Reuters.
