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Exclusive: Novelis must offer concessions or face EU veto to $2.6 billion Aleris deal - sources

U.S. aluminum maker Novelis [NVLXC.UL] must offer concessions to European Union competition authorities by Aug. 9 to gain approval for its $2.6 billion takeover of aluminum processor Aleris [TXPACA.UL], sources close to the matter said......»»

Category: topSource: reutersAug 2nd, 2019

JPMorgan, UBS face $1 billion rate-rigging suit

JPMorgan Chase & Co. and UBS Group AG are among five banks being sued over allegations of foreign-exchange rigging in a class-action lawsuit seeking more than 1 billion pounds ($1.2 billion)......»»

Category: topSource: moneycentralJul 29th, 2019

US banks could face the same pressures as European counterparts, SocGen chairman warns

A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with, Lorenzo Bini Smaghi said......»»

Category: topSource: moneycentralJul 7th, 2019

Large carmakers including Volkswagen, FCA could face 2021 EU emissions fines: study

Volkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners......»»

Category: topSource: reutersJun 26th, 2019

EU fines five banks $1.2 billion for foreign exchange rigging

Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market......»»

Category: topSource: reutersMay 16th, 2019

EU fines banks over $1 billion over foreign exchange cartel

European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for allegedly colluding in the trade of large sums of foreign currency......»»

Category: topSource: foxnewsMay 16th, 2019

North Dakota"s oil towns face an uncertain future — here"s what it"s like to live there

The discovery of oil in northwestern North Dakota turned several small towns into unexpected boomtowns from 2006 to 2014. But the end of the boom spelled economic disaster for many of the new residents in towns such as Williston and Watford City......»»

Category: topSource: moneycentralJun 6th, 2018

North Dakota"s oil towns face an uncertain future — here"s what it"s like

The discovery of oil in northwestern North Dakota turned several small towns into unexpected boomtowns from 2006 to 2014. But the end of the boom spelled economic disaster for many of the new residents in towns such as Williston and Watford City......»»

Category: topSource: moneycentralJun 6th, 2018

These oil towns face uncertain future; what it"s like to live there

The discovery of oil in northwestern North Dakota turned several small towns into unexpected boomtowns from 2006 to 2014. But the end of the boom spelled economic disaster for many of the new residents in towns such as Williston and Watford City......»»

Category: topSource: moneycentralJun 6th, 2018

These are the 8 highest-paid soccer players in the world

Soccer is the most popular sport in the world. Over one billion people watched the last World Cup in 2014, and that year, FIFA reported raking in over $5.7 billion in revenue......»»

Category: topSource: moneycentralJun 14th, 2018

Greece"s "Bailout" Was a Disaster for Greece

The loans were designed to help Northern European banks, not Greeks......»»

Category: topSource: barronsAug 25th, 2018

EU to scrap lawsuit against Ireland after Apple pays back taxes

EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the European Commission said on Tuesday......»»

Category: topSource: reutersSep 18th, 2018

Apple Has Paid the $14.3 Billion It Owes the Irish Tax Authorities—But the Check Hasn’t Cleared Yet

Apple is still appealing the European Commission's decision. Apple has handed over EUR14.3 billion ($16.7 billio.....»»

Category: europeSource: fortuneSep 19th, 2018

EBA says all 48 banks tested meet minimums after stress tests

The European Banking Authority said 48 banks in 15 European countries would see capital depleted by 226 billion euros ($257 billion.....»»

Category: topSource: marketwatchNov 2nd, 2018

Danske Bank whistleblower says European bank handled $150 billion of payments

The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European lender helped process up to $150 billion in suspicious payments and two U.S. banks were also involved......»»

Category: topSource: reutersNov 19th, 2018

UBS Tumbles On "Very Poor" Results As Clients Pull $13 Billion

The parade of weak bank earnings continued on Tuesday when UBS, one of the first major European banks to report, announced that it had missed analysts' profit estimates (though it did record a rise in full-year profits) due to outf.....»»

Category: blogSource: zerohedgeJan 22nd, 2019

Euro zone"s triple-A bond drought persists after ECB steps away

High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets......»»

Category: topSource: reutersMar 1st, 2019

Europe"s China telecoms gear ban would cost industry $3.5 billion: report

Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with......»»

Category: topSource: reuters7 hr. 10 min. ago

Peninsula fund gives Mediaset insurance in Vivendi dispute

A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros ($1.1 billion) to help Mediaset ensure safe passage for its plans to create a pan-European TV player......»»

Category: topSource: reuters8 hr. 40 min. ago

Google to invest 3 billion euros in European data centers

Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland......»»

Category: topSource: reuters11 hr. 25 min. ago