Exclusive: Telefonica gets 18 months to loosen grip on Brazil market
MADRID (Reuters) – Brazil’s antitrust watchdog has given Telefonica 18 months to comply with a ruling to loosen its grip on the Brazilian mobile market, sources said, time which may help the Spanish group ward off a growing rebellion over its strategy….
Al Jazeera weighs bid for stake in $1 billion Turkish pay-TV company
DUBAI/ISTANBUL (Reuters) – Qatari-backed broadcaster Al Jazeera is considering a bid for a majority stake in Turkish pay-TV company Digiturk to boost its soccer offering ahead of the 2022 World Cup finals in Qatar, banking sources familiar with the pla…
U.S. mortgage applications fall in latest week: MBA
NEW YORK (Reuters) – Applications for home mortgages fell last week, dropping to a multi-year low, an industry group said on Wednesday.
China tightens curbs on bitcoin trade
BEIJING (Reuters) – A Chinese bitcoin exchange platform announced on Wednesday that it had stopped taking Chinese yuan deposits, sending the price of the virtual currency down sharply as China broadened its crackdown on domestic bitcoin trading.
SABMiller’s veteran chairman dies of cancer
LONDON (Reuters) – Graham Mackay, the chairman of SABMiller and one of the best-known figures in the global beer industry, died on Wednesday from cancer. He was 64.
China Mobile chairman says still in talks with Apple on iPhone deal
TAIPEI (Reuters) – China Mobile Ltd said it’s still in talks with Apple Inc to sell iPhones amid mounting industry speculation that the pair are about to announce a deal to net the technology giant hundreds of millions of potential new customers.
Merkel urges EU treaty change in first speech of new term
BERLIN (Reuters) – In the first speech of her third term, German Chancellor Angela Merkel urged European partners to tackle flaws in their currency union by ceding control over economic policy and making politically sensitive changes to the bloc’s trea…
OECD urges Spain to do more labor market reforms
MADRID (Reuters) – Spain could further cut severance pay and better match training programs to business needs among new steps to reduce Europe’s second-highest jobless rate, the OECD organization of wealthy countries said in a report on Wednesday.
U.S. preparing civil charges against Citigroup, Merrill Lynch: sources
(Reuters) – The Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America’s Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with th…
JPMorgan seeks more than $1 billion from FDIC over WaMu claims
NEW YORK (Reuters) – JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims arising from its acquisition of Washington Mutual’s assets after its 2008 implosion.
