Bruised Rio Tinto rebuffs Glencore takeover approach
MELBOURNE/LONDON (Reuters) – Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.
EU watchdog targets Amazon’s Luxembourg tax deals
BRUSSELS (Reuters) – Amazon’s tax arrangements with Luxembourg are being investigated by EU regulators, as the online retailer becomes the latest global company to be accused of striking tax-minimising deals with member states that may break bloc rules…
EU watchdog targets Amazon’s Luxembourg tax deals
BRUSSELS (Reuters) – Amazon’s tax arrangements with Luxembourg are being investigated by EU regulators, as the online retailer becomes the latest global company to be accused of striking tax-minimising deals with member states that may break bloc rules…
Grim German data, IMF concerns spook Europe
LONDON (Reuters) – A second day of grim German data and expectations for a cut in the International Monetary Fund’s growth forecasts spooked European assets on Tuesday, as the recent spell of global financial market volatility continued.
ECB quietly pins its hopes on falling euro
FRANKFURT (Reuters) – Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro.
Chrysler recalls cargo vans due to inadvertent airbag deployments
DETROIT (Reuters) – Chrysler Group LLC said on Tuesday it is recalling about 22,100 small cargo vans because of inadvertent side air bag deployments, the company and U.S. safety regulators said.
Exclusive: BNP asks other banks for help as dollar clearing ban nears
LONDON/NEW YORK (Reuters) – BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. sa…
U.S., UK regulators want quick Deutsche Bank Libor settlement: reports
(Reuters) – U.S. and UK regulators are pushing to settle the Deutsche Bank AG Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources.
U.S., UK regulators want quick Deutsche Bank Libor settlement: reports
(Reuters) – U.S. and UK regulators are pushing to settle the Deutsche Bank AG Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources.
Samsung Electronics heads for annual profit fall after weak third-quarter guidance
SEOUL (Reuters) – Samsung Electronics Co Ltd is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain….
