Friday , October 19 2018

News

Hammond pledges ‘whatever measures’ needed for economy

  Bloomberg Philip Hammond, the U.K.’s newly appointed chancellor of the exchequer, said the vote to leave the European Union had “rattled confidence” and that he will take “whatever measures” needed to shore up the British economy. “The number one challenge is to stabilize the economy, send signals of confidence ...

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German bonds lag behind higher yielding peers on stimulus wagers

  Bloomberg Germany’s government bonds lagged behind their higher-yielding peers as speculation major central banks will inject another dose of monetary stimulus curbed demand for the safest assets. Italian 10-year securities rose for a second day, while the extra yield Spanish bonds offer over German debt narrowed to the least ...

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Sainsbury wins $91mn in Mastercard fee dispute in UK

  Bloomberg J Sainsbury Plc was awarded £69 million ($91 million) by a London judge following a long-running dispute over fees charged on card transactions with Mastercard Inc. Mastercard charges on U.K. credit and debit card transactions restricted competition, according to a Competition and Appeal Tribunal judgment published on Thursday. ...

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Monsanto to revive talks with BASF on Bayer alternative

  Bloomberg Monsanto Co. has revived talks with BASF SE about a possible combination of their agrochemicals businesses, according to people familiar with the matter, after it rejected a $62 billion takeover offer from Bayer AG. The U.S. company is exploring various transactions, including the potential acquisition of BASF’s agriculture-solutions ...

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Democrats assail Wall Street with plan that may hit mom and pop

Bloomberg Democrats are courting progressive-minded Americans by calling for a tax on Wall Street trades. If the party succeeds, the mom-and-pop investors they’re wooing could bear the brunt. The party supports a financial transaction tax to reign in “excessive speculation” and fast traders that have “threatened financial markets.” Small investors ...

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