13h12 French billionaire Vincent Bollore, who stepped down days ago as chairman of media giant Vivendi, is being questioned by police as part of an investigation into allegations of corrupt business practices in Africa, his lawyer said. Full story
16h32 Germany's 10-year bond yield,
the benchmark for the euro zone, rose to a 6-week high on
Tuesday after U.S. 10-year borrowing costs hit 3 percent for the
first time in four years. Full story
16h26 Japan's Takeda Pharmaceutical
has sweetened its $62 billion bid for Shire as
it races to agree terms with the drugmaker before a deadline to
strike a deal expires on Wednesday. Full story
16h12 Slovenia's largest insurer
Zavarovalnica Triglav said it is buying Raiffeisen
Bank's Croatian insurance business, the latest in a
spree of merger activity in the Balkans' insurance sector. Full story
16h12 The union of workers at BHP's
Escondida copper mine in Chile, the world's largest, told
Reuters on Tuesday it had made little progress on an early
contract deal with management, making it "highly likely". . . Full story
16h07 Shire on Tuesday said
discussions are ongoing with Takeda Pharmaceutical
about the Japanese firm's bid for its Dublin-based rival ahead
of a deadline to strike a deal on Wednesday.. . . Full story
15h59 Gold firmed after three days of
losses on Tuesday as the dollar retreated from an earlier
three-month peak, with lower prices tempting some buyers back to
the market.
Gold slid nearly. . . Full story
15h57 The lawyer for Vincent Bollore
said on Tuesday the French billionaire was being investigated
over the suspected corruption of foreign public officials and
suspected complicity in corruption.. . . Full story
15h56 A U.S. aluminium trade group
said U.S. manufacturers rely on foreign metal and called on the
U.S. government to avoid quotas on nations exempted from tariffs
on aluminium imports.. . . Full story
15h54 Raw sugar futures on ICE slid
to a 2-1/2 year low on Tuesday while white sugar fell to its
weakest level in more than nine years as the market extended its
prolonged fall driven. . . Full story
15h50 Several supervisory board
members cast dissenting votes at a meeting that reshuffled top
management at Deutsche Bank this month. But Chief
Executive Officer Christian Sewing was ultimately appointed
without any no votes, according to several. . . Full story
15h41 Canada's Centerra Gold
said on Tuesday it had received an unsolicited bid for its
Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH)
but that it had informed the London-listed company that
it. . . Full story
15h37 Metro Bank Plc
shareholders voted to reelect American businessman Vernon Hill
as chairman on Tuesday, despite a controversy over payments made
over several years by the British bank to his wife's
architecture company.. . . Full story
15h32 An appeal by Apple and
Ireland against a European Union ruling for the U.S. firm to pay
13 billion euros ($16 billion) in disputed taxes is likely to be
heard in the autumn, Irish. . . Full story
15h25 French police questioned
billionaire Vincent Bollore on Tuesday over allegations his
Groupe Bollore worked on the election campaigns of
presidential candidates in Africa in return for lucrative port
contracts.. . . Full story
15h25 Oil rose above $75 a barrel on
Tuesday to its highest since November 2014 before paring some
gains, supported by OPEC-led production cuts, strong demand and
the prospect of renewed U.S. sanctions on Iran.. . . Full story
15h13 Congo's state miner Gecamines is
starting legal proceedings to dissolve its Kamoto copper and
cobalt joint venture with a subsidiary of Glencore, blaming the
commodities giant for high debts that have weighed on the. . . Full story
15h01 Brazil's Raizen
Combustiveis SA agreed to buy downstream assets in Argentina
from Royal Dutch Shell PLC for $950 million, according
to a securities filing on Tuesday.. . . Full story
14h45 Britain's TSB Bank,
owned by Spain's Banco Sabadell, faced continuing
problems with its digital services on Tuesday as Royal Bank of
Scotland's Irish unit also reported an issue that led to
salaries going missing from. . . Full story
14h29 Bollore Group's concession to build a container port in Guinea's capital Conakry was in strict compliance with the law, a government spokesman said on Tuesday, reacting to news of a probe. . . Full story
14h13 Aluminium hit its lowest in
nearly two weeks on Tuesday, extending declines from the
previous day after Washington gave U.S. companies more time to
comply with sanctions on Russian producer Rusal and
hinted at further. . . Full story
14h11 Metals group Liberty House will
invest $1 billion to grow its business in India within the next
three years, its chief executive said on Tuesday.. . . Full story
13h49 Board fights at Telecom
Italia (TIM) and the battle of words between its top
two shareholders have worsened the climate at Italy's biggest
phone group and caused serious reputational damage, Deputy
Chairman Franco Bernabe said.. . . Full story
13h48 Deutsche Bank has
appointed Frank Kuhnke as its new chief operating officer, the
German bank said on Tuesday, in the latest reshuffle of its
senior management.. . . Full story
13h45 British public borrowing fell
to a 16-year low during the financial year just ended, according
to official data which may increase pressure on finance minister
Philip Hammond to relax his grip on public spending.. . . Full story
13h42 Aluminium Bahrain (Alba)
, owner of one of the world’s largest aluminium
smelters, is seeking an exemption from U.S. tariffs, its chief
executive said on Tuesday.. . . Full story
13h12 Ireland gained EU approval on
Tuesday for a tax on sugary drinks after regulators said the
levy would help the country tackle health and obesity issues.. . . Full story
13h03 Higher wind supply and
easing demand on Tuesday curbed prompt power prices in the
European wholesale market while forwards tracked lower coal
prices.. . . Full story
12h47 China failed to get India's
support for its ambitious Belt and Road infrastructure project
at the end of a foreign ministers' meeting of a major security
bloc on Tuesday, ahead of an ice-breaking trip. . . Full story
12h42 Britain's markets watchog urged
his European counterparts on Tuesday to work jointly to address
risks from Brexit, saying unilateral action by the United
Kingdom would only offer second-best measures.. . . Full story
12h25 Deutsche Bank AG
may spell out strategy changes for its investment bank on
Thursday along with first-quarter earnings, a person with
knowledge of the matter said on Tuesday.. . . Full story
12h23 Innogy said on
Tuesday a proposed deal by parent RWE and rival E.ON
to break up the German energy group lacked clarity,
adding it would comment on the transaction once the offer period
had officially. . . Full story
12h17 The European Union's existing
system of market access for foreign financial firms is not
perfect but can work for Britain after it leaves the bloc next
year, the EU's financial services chief said on. . . Full story
11h56 Groupe Bollore, the holding company of billionaire businessman Vincent Bollore, confirmed on Tuesday that its African business interests were under investigation and denied any wrongdoing.. . . Full story 11h54 Finnish ship technology and
power plant maker Wartsila missed first-quarter
earnings expectations on Tuesday and said geopolitical
uncertainty was slowing demand in the marine market.. . . Full story
