June 12 – 16 June
Subordinated debt at small Spanish lenders such as Liberbank and Cajamar has come under pressure after similar securities were wiped out in Banco Popular’s shock resolution last week.
Donald Trump has repeatedly promised to take on China and its trade practices. But according to a new study, it is US allies in Asia and Europe that are set to bear the burden of a new wave of US protectionism shaping up to be the largest seen in decades.
Ineos is to invest €2bn expanding its European petrochemicals capacity in a sign of the benefits of cheap US shale gas spreading across the Atlantic.
Reckitt Benckiser has set a date for the completion of its $17.9bn takeover of Mead Johnson, the US baby milk group for this Thursday June 15, which is sooner than expected.
Commodity currencies defied weakness in the price of oil and rallied against the dollar, amid a combination of stronger economic conditions and becalmed investor sentiment towards the greenback despite this week’s widely expected rise in US interest rates.
German financiers remain confident about the eurozone’s recovery, but less so the economic fortunes of the UK.
Sweden’s krona is on track for its best day against the euro in three months, after new data showed inflation was stronger than expected in May.
Ayala Corporation, the Philippine group with interests stretching from real estate to banking, is hunting for acquisitions among niche European automotive technology suppliers as it expands into the car industry.
The video quickly went viral: a Nebraska farmer, clad in a life jacket and blue jeans, skimming across his uncle’s flooded field on a wakeboard.
More people are employed in the eurozone than before the financial crisis nine years ago in a sign of the single currency area’s improving economic health.
London-listed gemstones miner Gemfields said it has received an offer for the company from Chinese conglomerate Fosun.
J Sainsbury, the British supermarket group that is trying to reinvent itself as a more digitally savvy retailer, is battling through a backlog of online grocery orders after a computer failure forced the chain to delay or cancel deliveries from nearly one in three stores.
US stocks have fallen into negative territory while Federal Reserve chair Janet Yellen fields questions following the central bank’s decision to raise interest rates for the second time this year, as the recent tech sell-off seems to be rearing its head once more.
The Bank of England came close to raising interest rates at its May meeting as members of the Monetary Policy Committee became increasingly concerned that inflationary pressures were taking hold of the British economy, voting by five to three to keep interest rates unchanged.
Large investment managers including BlackRock, Bain Capital and Avenue Capital are expanding their private credit businesses in Asia, according to several people familiar with the matter, as alternative investors step up lending to companies rather than buying them.
China, the world’s largest importer of soyabeans, has made a trade concession to Washington by approving imports of two new varieties of genetically modified crops developed by US companies.
Russia’s central bank reduced its key interest rate by 25 basis points to 9 per cent on Friday as inflation in the economy approaches its target.
Kroger sent fresh tremors through the grocery retailing sector after the US supermarket chain sliced its profit outlook for this year as it grapples with the twin headaches of rising labour costs and intense price competition.
Switzerland’s Nestlé has announced it is quitting the US confectionery business, putting up for possible sale brands such as Butterfinger and Crunch chocolate bars, which generated sales of SFr 900m last year.
Spotify has amassed 140m customers globally, the company said on Thursday, the latest signal of its rapid user growth in the past year.