Europe Business

Botswana's Debswana to extend life of Jwaneng diamond mine to 2035

18/03 Botswana's Debswana Diamond Mining, a joint venture between De Beers and the government, said on Monday it would invest $2 billion in a project to extend the lifespan of its Jwaneng mine to 2035.  Full story

Amnesty faults electric vehicle batteries as carbon intensive

02h01 Amnesty International attacked the electric vehicle (EV) industry on Thursday for selling itself as environmentally friendly while producing many of its batteries using polluting fossil fuels and unethically sourced minerals.. . .  Full story

EU leaders to discuss ways to limit Chinese influence at summit dinner

02h01 The European Union will discuss a more defensive strategy on China on Thursday, potentially signalling an end to the unfettered access that Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate.. . .  Full story

EU readies short Brexit delay - if May wins parliament over

01h00 European Union leaders meet in Brussels on Thursday to give Prime Minister Theresa May an offer to delay Brexit beyond March 29, on condition that she can finally win over her many opponents in. . .  Full story

Closing time? Japan convenience stores pressed to end 24-7 model amid labour crunch

01h00 Japan's 24-hour convenience stores are struggling to stay open around the clock as an industry that has continually expanded now finds itself at the sharp end of a labour shortage.. . .  Full story

Ophir agrees to be bought by Indonesia's Medco in a sweetened bid

00h35 London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to. . .  Full story

EssilorLuxottica infighting flares with new accusations

20/03 Infighting at the top of EssilorLuxottica turned personal on Wednesday with the top shareholder and executive chairman accusing the Franco-Italian group's executive vice chairman of a power grab in a newspaper interview.. . .  Full story

Dutch government stands to lose Senate majority -exit poll

20/03 The Dutch governing coalition will lose its majority in the senate as a result of provincial elections in which a far right populist party booked major gains, according to an exit poll commissioned by. . .  Full story

Oil major Total CEO's compensation drops 17 percent in 2018 -company document

20/03 The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on. . .  Full story

U.S. oil prices rise above $60/bbl on tightening supply

20/03 U.S. crude prices rose on Wednesday to a 4-month high above $60 a barrel after U.S. government data showed tightening domestic oil supplies, but gains were capped by concerns over global economic growth due. . .  Full story

-Inmarsat in $3.3 bln go-private transatlantic deal talks (March 19)

20/03 Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.. . .  Full story

Croatia weighs budgetary costs for saving troubled dock

20/03 Croatia will decide in coming days whether to place troubled shipbuilder Uljanik into bankruptcy or try to restructure the business at a cost to the state of around one billion euros, a top official. . .  Full story

European stocks break 5-day rally; Bayer, BMW weigh on DAX

20/03 European shares retreated from near six-month highs on Wednesday, with German stocks leading losses as chemicals producer Bayer and carmaker BMW tumbled, and as the European Union resisted British Prime Minister Theresa May's plea to. . .  Full story

Vodafone to receive EU warning over $22 bln Liberty deal -sources

20/03 Vodafone will receive a warning from EU regulators about possible anti-competitive effects from its $22 billion deal to buy Liberty Global's German and eastern European assets, two people familiar with the matter said on Wednesday.. . .  Full story

Fund managers turn up heat on UK companies over diversity, pensions, audit

20/03 Britain's big public companies will face a grilling by asset managers over their track record on diversity, excessive pension payouts to bosses and poor quality audits when they hold annual shareholder meetings over the coming. . .  Full story

Zinc climbs as stocks diminish

20/03 Zinc prices rose on Wednesday as inventories in London Metal Exchange warehouses hit fresh lows, but other industrial metals dipped on uncertainty over global demand.. . .  Full story

FTSE 100's winning streak broken as Brexit delay plea hits financials

20/03 Financial stocks and housebuilders slipped after British Prime Minister Theresa May asked the European Union to delay Brexit and caused the FTSE 100 to snap a seven-day winning streak, while a slide in sterling. . .  Full story

VW management and works council divided over restructuring plans

20/03 Volkswagen's supervisory board is set to meet on Friday to discuss the company's ambitious cost-reduction plans, Der Spiegel reported on Wednesday, citing company sources.. . .  Full story

Euro zone bond markets wait patiently for Powell

20/03 Core euro zone bond yields fell on Wednesday from 1-1/2 week highs hit earlier this week as the market waited for further clarity on the direction of U.S. interest rates and analysts struggled to. . .  Full story

Britain's Peel Ports expands amid Brexit trade uncertainty

20/03 Privately owned Peel Ports is expanding its workforce mostly in Liverpool and plans acquisitions this year, its chief executive said, as Britain prepares its ports to ease any trade disruption caused by Brexit.. . .  Full story

France's EDF says earthquake had no impact on Blayais nuclear plant

20/03 French state-controlled utility EDF and nuclear regulator ASN said on Wednesday that an earthquake registering 4.9 on the Richter scale in southwestern France had no impact on the Blayais nuclear power plant in the region.. . .  Full story

Billionaire Indian remanded in custody after London court appearance

20/03 Fugitive billionaire jeweller Nirav Modi, wanted by Indian authorities over a $2 billion loan fraud at state-run Punjab National Bank (PNB) was remanded in custody after appearing before a British court on Wednesday.. . .  Full story

Head down, eyes on the prize: Deutsche's realist CEO

20/03 Christian Sewing, the chief executive of Deutsche Bank, doesn’t do grand visions.. . .  Full story

-Uniper talks to sell Italy LNG plant stake raise eyebrows in Rome

20/03 Germany's Uniper is in advanced talks with Australian fund First State Investments to sell its stake in a liquefied natural gas terminal in Italy, three sources said on Wednesday, raising concerns in Rome over the. . .  Full story

Borrowers cash in as UK banks seek triple-A bonds as Brexit insurance

20/03 As Britain inches towards Brexit, the market for top-rated sterling bonds has had its busiest start to the year on record, driven by UK banks' clamour for super-safe triple-A rated debt in order to. . .  Full story

BMW plans to cut costs after warning on profits

20/03 BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency. . .  Full story

EU's top regulator under fire over Italy bank rescue decision

20/03 The European Union's top antitrust regulator is facing calls to resign after a "historic" court ruling involving a small Italian lender upended Brussels' approach to bank rescues and prompted calls for compensation.. . .  Full story

German cabinet approves spending increase without new debt

20/03 The German cabinet on Wednesday passed a draft budget for 2020 that calls for a 1.7 percent spending increase and relies on ministries to cut costs to avoid incurring new debt in light of. . .  Full story

"No-one is breaking out the champagne": EM investors treading carefully

20/03 After ploughing billions into emerging market equities since October, investors have started to show signs of hesitation, but an uptick in earnings expectations should reassure those hoping to capitalise on stronger economic growth in the. . .  Full story

Munich Re aims to boost Ergo insurance business via acquisitions

20/03 Munich Re has no plans to sell Ergo, its primary insurance arm, and aims to strengthen this business through acquisitions once its turnaround has been completed in two years, Chief Executive Joachim Wenning said on. . .  Full story

Shareholder vote clears way for Fridman bid for Spain's DIA

20/03 Shareholders in Spain's DIA backed a rescue plan for the faltering supermarket chain on Wednesday in a vote which clears the way for Russian tycoon Mikhail Fridman's investment fund to proceed with a takeover bid.. . .  Full story

Nigeria to sell stakes in joint oil assets to boost coffers

20/03 Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40 percent this year, its budget minister said, as the country seeks to boost revenue to. . .  Full story

Russia's agmin ready to work with grain export union

20/03 Russia's Agriculture Ministry is ready to work with the existing union of grain exporters, but it would still like to change how exporters work and for there to be tougher quality controls on grain. . .  Full story

Romanian government plans to lower bank tax after criticism

20/03 Romania's government could lower a bank tax to a range of 0.2-0.4 percent from 0.1-0.5 percent of banks' financial assets based on their market share and may exempt some assets from the levy, Finance. . .  Full story

UBS sounds pessimistic note on 2019 as Q1 revenues fall

20/03 UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland's biggest bank said, sounding a pessimistic note about full-year prospects.. . .  Full story

Norsk Hydro has paid no ransom to cyber hackers -CFO

20/03 Norsk Hydro has not paid any ransom to help unlock computers that were blocked by a cyber attack, Chief Financial officer Eivind Kallevik told a news conference on Wednesday.. . .  Full story

-Genel posts 2018 loss after $424 mln writedown of Miran field

20/03 Iraqi Kurdistan-focused oil producer Genel Energy Plc posted a $424 million writedown on its Miran oil and gas field on Wednesday, pushing it into a full-year loss, and said it was now focusing on. . .  Full story

Swiss banks may tighten mortgage lending guidelines

20/03 The Swiss Banking Association may tighten self-regulation rules on lending for investment in residential properties amid officials' concerns about overheating in the market, the bank lobby said on Wednesday.. . .  Full story

EBRD says will invest at least $1.25 bln in Western Balkans in 2019

20/03 The European Bank for Reconstruction and Development plans to invest at least 1.1 billion euros ($1.25 billion) in infrastructure, energy and the private sector in the Western Balkans this year, a top EBRD official said. . .  Full story

Portugal's loss of working-age population seen among worst in OECD

20/03 Portugal's working-age population will fall by nearly a third by 2050, the second largest drop among the 36 member states of the Organisation for Economic Cooperation and Development, putting pressure on its pension system and. . .  Full story

Shareholders in Spain's DIA approve LetterOne's capital hike plan

20/03 Shareholders in Spanish supermarket chain DIA approved a plan put forward by Russian tycoon Mikhail Fridman's LetterOne (L1) fund to raise capital worth 500 million euros ($567 million) on Wednesday.. . .  Full story

German finmin: No plans for Deutsche Bank/Commerzbank merger in my budget

20/03 German Finance Minister Olaf Scholz said on Wednesday that he had not made any provisions for costs related to a possible merger of Deutsche Bank and Commerzbank in his budget plans.. . .  Full story

Russian tycoon Kerimov back under investigation in France over tax

20/03 A French judge placed Russian tycoon Suleiman Kerimov back under formal investigation on suspicion of complicity in aggravated tax fraud, the prosecutor in the southern city of Nice said on Wednesday.. . .  Full story

Indian telco Vodafone Idea's $3.6 bln rights issue to cause massive dilution

20/03 Vodafone Idea Ltd, India's largest telecommunications company by subscribers, is selling $3.6 billion worth of shares in a rights issue at a discount of about 60 percent, which will more than triple its outstanding shares.. . .  Full story

Oil majors rush to dominate US shale as independents scale back

20/03 In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and-bust cycles.. . .  Full story

UK inflation up, London house prices fall by most since 2009

20/03 Britain's main inflation rate ticked up last month but stayed close to January's two-year low, helping consumers maintain their spending power as wage growth also picked up, even though the timing of Brexit. . .  Full story

Trillion pounds of assets leave London ahead of Brexit - EY

20/03 Assets worth around a trillion pounds $1.32 trillion) are moving from London to hubs in the European Union ahead of Brexit, with the parallel shift in jobs likely to top 7,000, consultants EY said. . .  Full story

Holders of 53 pct of Spain's DIA represented at key meeting, by preliminary count

20/03 Shareholders accounting for around 53 percent of Spanish supermarket group DIA were represented at a meeting to decide on a rescue plan for the company on Wednesday, DIA's board secretary said, increasing the likelihood a. . .  Full story

Banks shrink capital shortfalls under Basel rules

20/03 Top international banks collectively need 30 billion euros ($34 billion) of capital by January 2027 to fully comply with rules aimed at avoiding taxpayer bailouts of lenders, regulators said on Wednesday.. . .  Full story

Handbag maker Hermes still benefiting from buoyant Asian demand

20/03 Upmarket handbag maker Hermes , one of the luxury brands still riding high on strong demand from Asian clients, said on Wednesday it had not observed any change in sales trends so far this. . .  Full story

EU can not budge any more on Brexit, says Juncker before summit

20/03 The European Union has done a lot to accommodate Britain over Brexit and can go no further, European Commission head Jean-Claude Juncker said on Wednesday, as he played down hopes of a breakthrough at. . .  Full story

French investment group Eurazeo sells stake in Italy's Moncler

20/03 French investment group Eurazeo has sold its entire stake in Italian luxury clothes company Moncler for around 445 million euros ($505 million).. . .  Full story

Small Australian copper producer makes $575 mln offer for Glencore mine

20/03 Small Australian copper producer Aeris Resources Ltd on Wednesday said it had offered to buy global trader and miner Glencore's CSA copper mine in the state of New South Wales for $575 million.. . .  Full story

Going 'Under': Europe's first underwater restaurant opens in Norway

20/03 Europe's first underwater restaurant opens in Norway on Wednesday with more than 7,000 customers booked in to eat among the fish.. . .  Full story

JGBs fall tracking German Bunds, U.S. Treasuries ahead of Fed decision

20/03 Japanese government bond prices fell on Wednesday, tracking overnight losses in German Bunds and U.S. Treasuries, as traders awaited the Federal Reserve's policy decision due later in the day.. . .  Full story

Australia, NZ shares down as trade talks, Fed in focus

20/03 Australian shares eased on Wednesday as investors adopted a cautious approach after reports of tensions in U.S.-China trade talks and ahead of the outcome of a Federal Reserve policy meeting later in the day.. . .  Full story

EXCLUSIVE-KKR, CVC, other PE firms bid for Asian hospital business - sources

20/03 Columbia Pacific Management's Asian hospital business has drawn interest from global private equity players including KKR, CVC and Carlyle, in a sale the U.S. investment company sees fetching about $2 billion, sources with knowledge of. . .  Full story

COLUMN-LME zinc running on empty as stocks keep falling: Andy Home

20/03 Another 100 tonnes of zinc were loaded out of the London Metal Exchange (LME) warehouse system on Monday.. . .  Full story

Finnish crowdfunding firm Invesdor buys Austrian peer, seeks M&A

20/03 Helsinki-headquartered Invesdor has agreed to buy Austrian peer Finnest in an all-share deal, hoping the acquisition will spark further consolidation in the fragmented European crowdfunding market.. . .  Full story

Inmarsat in $3.3 bln go-private transatlantic deal talks

19/03 Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.. . .  Full story

May's letter to EU on Brexit extension to be sent Wednesday -BBC

19/03 British Prime Minister Theresa May on Wednesday will send a letter to European Council President Donald Tusk seeking an extension of her country's departure from the European Union beyond a March 29 deadline, BBC. . .  Full story

Oil holds near 2019 highs ahead of official U.S weekly data

19/03 Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.. . .  Full story

U.S. bond yields higher ahead of Fed meeting results

19/03 U.S. Treasury yields were modestly higher in afternoon trade on Tuesday, as investors await insight on the Federal Reserve's policy path when the U.S. central bank ends its two-day meeting on Wednesday, amid broad expectations. . .  Full story

Canadian, Brazilian oil producers lock in revenues as prices rally -sources

19/03 Oil producers in Canada have jumped on an opportunity to lock in revenues for 2019 and 2020 as average crude futures for those years have soared over 20 percent to their highest levels this. . .  Full story

EU, UK market watchdogs clash over no-deal Brexit share trading

19/03 The European Union's markets watchdog published guidance on Tuesday identifying which shares investors in the bloc could no longer trade in London if there is a hard Brexit next week.. . .  Full story

May seeks Brexit delay after third vote on her deal is derailed

19/03 Prime Minister Theresa May will ask the European Union to delay Brexit by at least three months after her plan to hold a third vote on her fraught divorce deal was thrown into disarray. . .  Full story

Auto rally powers European stocks to near six-month peak

19/03 European shares were on course for a fifth day of gains on Tuesday, powered by a strong rally in automakers after Peugeot suggested Fiat Chrysler was among the options for a merger, and as. . .  Full story

Pernod Ricard eyes margin improvement in EMEA-LATAM business

19/03 Drinks group Pernod Ricard , which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) was well positioned for "solid top line growth and. . .  Full story

Italy to renew bad loan scheme with higher rating threshold - draft bill

19/03 Italy will renew for up to 36 months a state guarantee scheme to help banks shed bad loans, tightening rules to increase protection for some investors, a draft law decree seen by Reuters. . .  Full story

Kazakhstan's leader Nazarbayev resigns after three decades in power

19/03 Kazakhstan's President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, in what appeared to be the first step in a choreographed political transition that will see him retain considerable sway.. . .  Full story

FTSE 100 in seventh heaven as oil, miners gain; Ocado hits life high

19/03 Britain's FTSE 100 extended its winning streak to seven sessions on Tuesday as miners and oil majors boosted the index and Ocado climbed to an all-time high after posting higher first-quarter retail sales.. . .  Full story

Poste positive on 2019 as mail and parcel revenue stabilises

19/03 Poste Italiane expects operating profit and revenue to grow further this year after improving in 2018 as the former postal services monopoly starts to reap the benefits of a restructuring plan for its mail. . .  Full story

Aluminium hits three-month high after Hydro cyber attack

19/03 Aluminium touched a three-month peak on Tuesday after major producer Norsk Hydro was hit by a cyber attack, causing its giant smelters to switch to manual operation and some extrusion plants to be shut.. . .  Full story

French growth seen firming as impact of protests wanes - INSEE

19/03 French quarterly growth will firm in the first half the year as consumer spending benefits from improving household incomes and recovering business confidence after protests at the end of last year, the INSEE statistics agency. . .  Full story

-EU rules Italian bank rescue legal in blow to antitrust watchdog

19/03 European Union judges ruled on Tuesday that Italy's rescue plan for an ailing bank five years ago was legal, prompting calls for compensation for savers who subsequently faced stricter terms because Brussels had rigidly interpreted. . .  Full story

Euro zone bond yields rise on hopes of Brexit delay

19/03 Top-rated euro zone bond yields rose on Tuesday as expectations grew of a delay to Britain's planned exit from the European Union and after a report that the ECB may have to broaden any. . .  Full story

U.S. investor jailed by Russia tells Washington to keep distance - prison monitor

19/03 A prominent U.S. investor being held in Russia on embezzlement charges has asked U.S. diplomats not to defend him because he is worried about his case becoming politicised, a prison monitor who visited him. . .  Full story

UPDATE 9-Aluminium maker Hydro battles to contain ransomware attack

19/03 Norsk Hydro, one of the world's largest aluminium producers, battled on Tuesday to contain a cyber attack which halted parts of its production, the latest example of the damage hackers can cause to business. . .  Full story

-Ferrexpo finds more discrepancies in donations review

19/03 Iron ore pellet producer Ferrexpo said on Tuesday an ongoing review of its donations to a charity identified additional discrepancies, forcing it to delay the release of its full-year results for 2018.. . .  Full story

Foreign funds cash up after Ukraine debt surge to sit out election

19/03 A wave of new year optimism towards emerging markets lifted Ukraine's sovereign bonds to multi-month highs just weeks before a closely fought presidential election, but foreign funds are already cashing up and are keen to. . .  Full story

Ship owners worry about clean fuel bill as ports ban "scrubbers"

19/03 More ports around the world are banning ships from using a fuel cleaning system that pumps waste water into the sea, one of the cheapest options for meeting new environmental shipping rules.. . .  Full story

Russia's Evraz says share sales by Abramovich and partners lower sanction risks

19/03 Russian steel company Evraz said a decision by Roman Abramovich and his partners to sell some of their shares in the group would reduce sanctions risks.. . .  Full story

German military helicopters get "mandatory" funding in budget plan

19/03 A German military helicopter tender likely to be fought out between U.S. arms makers Lockheed Martin and Boeing will get "mandatory" funding of 1.61 billion euros ($1.8 billion) under German budget plans, a government document. . .  Full story

LME zinc running on empty as stocks keep falling: Andy Home

19/03 Another 100 tonnes of zinc were loaded out of the London Metal Exchange (LME) warehouse system on Monday.. . .  Full story

UK markets watchdog fines UBS 27.6 million pounds for reporting failures

19/03 Britain's markets watchdog said on Tuesday it had fined Swiss bank UBS a record 27.6 million pounds for failing to report 136 million transactions properly for nearly a decade in a repeat offence.. . .  Full story

Orcel hires Spanish legal adviser over Santander CEO dispute

19/03 Andrea Orcel, who had an offer withdrawn to be CEO of Santander, has hired Spanish legal adviser Decarlos Remon to handle his dispute with the bank, the legal firm told Reuters on Tuesday.. . .  Full story

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on Tuesday.. . .  Full story

-Wintershall DEA to mandate banks shortly, could speed up IPO plans -sources

19/03 Wintershall DEA's owners are expected to shortly mandate banks for a bumper 2020 stock market listing of the European oil and gas company in a sign that the deal could take place earlier than. . .  Full story

Vitol extends oil demand growth peak estimate to 2034

19/03 Vitol reported higher traded volumes last year on Tuesday, cementing its position as the world's largest oil trader, and said it expected oil demand growth to peak by around 2034.. . .  Full story

EDF Energy extends outages at UK's Hunterston B nuclear plant

19/03 EDF Energy, owned by France's EDF, has extended outages at two nuclear reactors at its Hunterston B plant in Scotland while it waits for Britain's nuclear regulator to assess their safety cases.. . .  Full story

Ahead of election, Polish lawmakers propose to cut copper tax

19/03 Lawmakers from Poland's ruling Law and Justice (PiS) party proposed on Tuesday to cut mining tax payments so that major copper producer KGHM could spend more money on investment.. . .  Full story

Indian traders burn Chinese goods in protest over blacklisting veto, trade

19/03 Hundreds of Indian traders burned Chinese goods on Tuesday and urged the government to raise import taxes on them to protest against China's trade and foreign policies.. . .  Full story

New entrant makes early running in German 5G auction

19/03 Germany's auction of spectrum for 5G mobile networks drew brisk initial bidding on Tuesday with prospective new entrant 1&1 Drillisch submitting bold offers for the frequencies it covets.. . .  Full story

Online fashion retailer ASOS hits U.S. warehouse snag

19/03 ASOS's new U.S warehouse struggled to cope with demand in its latest quarter, hitting sales there and adding to challenges in France and Germany, the British online fashion retailer said on Tuesday.. . .  Full story

Sainsbury's-Asda seek to salvage deal with billion pound price cut pledge

19/03 British supermarket groups Sainsbury's and Asda have committed to deliver 1 billion pounds ($1.3 billion) of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by. . .  Full story

Macquarie agrees $1.3 billion sale of Poland's Gdansk port terminal

19/03 A consortium of investors including Poland's sovereign wealth fund PFR has agreed to buy the country's largest container terminal in Gdansk from the infrastructure fund of Australia's Macquarie in a deal worth more than 5. . .  Full story

Advent and Blackstone among bidders for WPP market research arm Kantar - sources

19/03 A series of buyout funds including U.S. firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar, four sources familiar with. . .  Full story

Fiat Chrysler revs up as Peugeot points to merger potential

19/03 Fiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and. . .  Full story

Antofagasta 2018 dividend beats expectations as profits fall

19/03 Chilean copper miner Antofagasta Plc announced on Tuesday a higher-than-expected dividend for 2018, sending its shares to a seven-month high, though core earnings dropped in line with analysts' projections.. . .  Full story

Danske Bank investors seek $475 mln in damages over money laundering scandal

19/03 Two U.S. law firms have filed a lawsuit against Danske Bank on behalf of institutional investors over a 200 billion euro ($227 billion) money laundering scandal.. . .  Full story

KKR, CVC, other PE firms bid for Asian hospital business - sources

19/03 Columbia Pacific Management's Asian hospital business has drawn interest from global private equity players including KKR, CVC and Carlyle, in a sale the U.S. investment company sees fetching about $2 billion, sources with knowledge of. . .  Full story

-Merkel: Won't take stand on possible Deutsche Bank/Commerzbank merger

19/03 German Chancellor Angela Merkel said on Tuesday only Deutsche Bank and Commerzbank could decide whether they wanted to merge, making clear she would not take a stand.. . .  Full story

German economic advisor opposed to Deutsche, Ccommerzbank merger

19/03 An economic advisor to the German government, Isabel Schnabel, said on Tuesday she strongly advised against a possible merger of Deutsche Bank and Commerzbank.. . .  Full story

Britain's Mears hit by profit drop, debt rise as demand wanes

19/03 Mears shares slumped on Tuesday after the British housing and care services provider's pretax profit fell short of estimates and its net debt was higher than forecast.. . .  Full story