ECB willing to act fast to boost inflation, says Draghi
FRANKFURT (Reuters) – The European Central Bank is ready to act quickly to boost anemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its Dec. 3 meeting.
Number of $5 billion-plus takeover deals hits record
LONDON (Reuters) – A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data.
Global shares march on as alarm bells ring for metals
LONDON (Reuters) – World shares headed for their best week in over a month on Friday, though alarm bells over global growth were ringing in metals markets as copper hoovered at its lowest level since 2009 and nickel since 2003.
Exclusive: Pfizer negotiating 2-3 percent Allergan break-up fee – sources
(Reuters) – Pfizer Inc is negotiating a 2-3 percent break-up fee with Allergan Plc that would be in line with most deals, people familiar with the matter said, a sign of confidence that such a merger could overcome regulatory hurdles.
Dorsey’s Square jumps in market debut, offering hope to tech startups
(Reuters) – Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut, following a marked-down initial public offering, countering the negat…
Singapore bourse challenges old obstacles with new bond trading system
SINGAPORE/HONG KONG (Reuters) – Singapore Exchange Ltd’s new corporate bond trading platform is expected to travel a difficult road, with some traders fearing that long-standing problems in Asia’s debt market will see the bourse struggle to make headwa…
Investor Gabelli joins millennials cutting the cable cord
NEW YORK (Reuters) – It is not just millennials looking to cut the cable television cord: famed 73-year old billionaire value investor Mario Gabelli is planning to make a similar move.
Highlights Day 4: Benefits of mergers, art market ‘frothy’
NEW YORK (Reuters) – Ed Yardeni of Yardeni Research said on Thursday he was bullish on U.S. shares given the prevalence of merger activity and share buybacks, while Margaret Patel of Wells Capital Management said real estate looked fully-priced and art…
Exclusive: U.S. probes Bosch in VW cheating scandal – sources
WASHINGTON (Reuters) – U.S. authorities are investigating German auto supplier Robert Bosch GmbH [ROBG.UL] over its role in Volkswagen AG’s massive scheme to cheat U.S. emission standards, according to people familiar with the matter.
Party’s over? After China SUV boom, carmakers face falling prices, sales
GUANGZHOU, China (Reuters) – Carmakers coming late to China’s craze for sport-utility vehicles (SUVs) this year may find it tougher to make money from a party that’s overcrowded and already winding down.
