The US maker of Botox is betting that its European business will see a lift as plastic surgeons shift away from lower cost breast implants
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Allergan expects strong European sales
NYSE Euronext is the biggest loser as the proposed $7.5bn merger with Deutsche Börse is blocked by European antitrust regulators
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Deutsche Börse / NYSE Euronext
Michael Stockman, the failed brokerage’s risk officer, plans to testify to Congress that he recommended hedging the group’s European exposure
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MF Global risk chief urged caution on trades
The total return for the bonds of European financial companies is 3.5 per cent so far in January and about 3 per cent for US financial debt
Dispute raises the prospect of the European Commission snubbing financial crisis-related reforms to accounting for a second time
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Accountants at odds with Brussels
Investor group hits out at an offer to buy back €3bn of Cashes at a substantial discount in latest sign of tension between European banks and investors
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Investor anger at BNP Paribas hybrid bond offer
The European Commission’s scrutiny of carriers’ partnerships shifts to Air France-KLM, Alitalia, Delta tie-up
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Brussels launches probe into airline alliance
US group’s chief says he misjudged Brussels’ determination to define the derivatives market as European, rather than global
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Bruising finale for NYSE-D Börse tie-up
Regulators argue that merger would stifle European competition
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DB-NYSE tie-up hits another hurdle
Chiefs must decide whether to pursue the merger plan for the exchanges after European antitrust authorities decided to block the proposal
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D Börse and NYSE stung by EU rejection
US banks should publish much more detail on their exposure to European debt, improving disclosure that has been ‘inconsistent in both substance and presentation’
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SEC calls for detail on debt exposure
By the end of November the European company had notched up 1,378 firm orders for single and twin-aisle aircraft
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Airbus set to trump Boeing in sales race
Both green energy sceptics and environmentalists must see that the effect of China’s subsidies will be harmful in the long run if US and European panel makers are wiped out
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Solar panels: subsidy spat
The hard disk drive maker must first sell off some of Hitachi’s operations to assuage the European Commission’s antitrust concerns
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Western Digital gets conditional M&A approval
US youth fashion retailer’s shares plunge 13 per cent, with the company going on the defensive over its European strategy
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Missed profit forecasts hurt Abercrombie
The hedge fund’s UK team, which is expected to be operational by the first quarter of next year, will focus primarily on European markets
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US-based Saba Capital to set up London office
The hedge fund’s UK team, which is expected to be operational by the first quarter of next year, will focus primarily on European markets
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US-based Saba Capital to set up London office
Citigroup to reap $4.1bn from complex deal that is likely to attract the attention of European regulators
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EMI to be split between Universal and Sony
Single currency puts in a resilient showing under the pressures of Greek political turmoil and Mario Draghi’s dovish debut at the European Central Bank
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Euro holds steady in face of Greek turmoil
American banks claim European regulators are interpreting the rules more favourably, putting them at a competitive disadvantage
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US banks ask for weakened Basel III rules
Broker-dealer files for bankruptcy protection after making big and bad bets on the European sovereign debt market
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Eurozone crisis claims MF Global
Volatile markets have been soothed by signs that European policymakers are addressing the region’s problems
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Relieved US banks sell $5bn of debt in a week
Ireland’s capital serves as European headquarters for major internet groups, such as Google and Facebook, helped by advantageous corporation taxes
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Dublin becomes hub for major internet groups
The European Commission says there are no competition concerns in web communications, removing the most significant hurdle to the agreement
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EU clears Microsoft’s $8.5bn deal with Skype
The European Commission says there are no competition concerns in web communications, removing the most significant hurdle to the agreement
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EU clears Microsoft’s $8.5bn deal with Skype
Turnround in strained relations with European regulators as software giant is set to gain Brussels’ blessing for its $8.5bn acquisition
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Microsoft to win approval for Skype deal
HTC had asked the court to expedite the UK hearing so that the German court would be aware of any European decision already in its favour
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UK likely to rule on Apple patents before Germany
Charlotte Observer Avoiding scams in Europe Charlotte Observer Con artists work the streets of most European capitals, and tourists are easy targets. Rick Steves Photo Europe is safe when it comes to violent crime. But it's a surprisingly creative place when it comes to travel scams . Pickpockets and con artists …
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Avoiding scams in Europe – Charlotte Observer
The $560m deal with the Danish online trading platform marks the US buy-out group’s first foray into the western European financial services sector
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TPG buys minority stake in Saxo Bank
Banks face being unable to recoup large loans for buy-outs because of investor aversion to European high-yield bonds
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Bond threat to buy-out refinancing
Group wins preliminary legal fight to block nearly all European sales of rival’s Android tablet claiming its design has been copied from iPad
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Apple injunction keeps Samsung Tab off shelves
Korean group to contest preliminary injunction won in Germany that bans the sale of the Galaxy Tab tablet in most European countries
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Apple wins EU victory against Samsung
Carmaker’s European unit is ahead of its target of breaking even for the full year and has reached a deal with its UK union
A year-long trial begins in 11 European territories before the iPlayer is made available more widely
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BBC iPlayer app opens content to Continent
Lower interest rates on European bail-out funds ease the fiscal plight of Ireland and provide it with a much-needed psychological boost
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Irish eyes smiling after shot of EU optimism
One of the things that can “save” the Euro is the creation of a European Nanny State, complete with joint fiscal policy and joint government bonds. Jean-Claude Juncker, head Euro-Zone finance minister, is in favor of the idea and ECB president Jean-Claude Trichet is agnostic. However, Jens Weidmann, the head of German Central Bank has ruled out the idea. Please consider Bundesbank chief slams eurobondsThe head of Germany’s Bundesbank central bank attacked Sunday proposals to …
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EU Running Out of Rabbits; 60% of Germans Have "Little or Very Little Trust in Euro"
The European Debt Crisis Worsens And The US Debt Ceiling Drama Continues Business Insider As Lee Adler of the Wall Street Examiner warned last week, “Normally, even with QE [quantitative easing], we'd expect some pressure to show up either in the stock or bond markets around such a large settlement. It should be a lot more 'interesting' … and more
US justice department and European Commission inquiry is latest sign of intensifying regulator interest over uncompetitive practices
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Car parts makers face antitrust scrutiny
Ho Hum. EU officials have announced the results of more Stress-Free bank tests in Europe. 20 banks were expected to fail, only 8 did. Please consider 8 Banks Fail EU ‘Stress Tests’ Eight banks flunked the European Union’s “stress tests,” with a combined shortfall of €2.5 billion ($3.54 billion) in capital under a simulated worst-case economic scenario, the European Banking Authority said. The EU regulator said Friday that another 16 banks narrowly passed the tests, which …
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More BullSweet Stress-Free Tests of European Banks
Media group and European private equity firm plan to arrange New York listing of NDS, their jointly owned television set-top box maker
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News Corp and Permira line up NDS listing
Visa and Mastercard facing European Commission competition complaint for restricting payments to whistleblower website
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Brussels urged to act on WikiLeaks cash curb
The ECB bought Greek bonds in belief it would show the market it meant business. The market smashed that pitch to high heavens. Nonetheless, Bloomberg reports Italian Bonds Snap Six-Day Drop on Speculation ECB Bought Country’s DebtItalian and Spanish bonds rose on speculation the European Central Bank bought the debt of the euro region’s most-indebted nations to stabilize markets amid concern that the debt crisis is worsening. Greek 10-year yields fell the most in almost two weeks while …
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EU Pledges to Support Banks Failing Stress Tests, Rumored to Have Purchased Italian Government Bonds
Before receiving the next bailout tranche, Greece May Have Missed June Primary Balance TargetGreece is at risk of missing a key budget target in June, European Union experts said in a report, a sign of the uphill struggle the country faces as it tries to get its deficit reduction plans back on track. The report, prepared by European Commission budget experts with input from European Central Bank officials and published over the weekend, says that Greece could miss its June target for its …
Worries about European sovereign debt, fiscal over-reach by governments and turbulent global markets now threaten bankers with a quiet summer
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Deals face a hushed summer as worries mount up
I remain amused by the complete silliness of statements coming from ECB officials. At best ECB proclamations are laughable, at worst they are completely counterproductive. With that introduction, please consider ECB’s Mersch says Greek default would bring “chaos” European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises. Banks and …
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Expect Chaos
Italy, the big elephant in the room that the EU does not even see yet, may be waking up. Please consider, Italian Banks Plunge on Debt Concern Italian banks slumped in Milan trading amid concern the European debt crisis may spread just as lenders face scrutiny from regulators over capital levels. UniCredit SpA (UCG), Italy’s biggest bank, and Intesa Sanpaolo SpA (ISP), the second-largest, led lenders lower, tumbling as much as 8.9 percent and 7.2 percent respectively. Both stocks were …
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Italian Bank Stocks Plunge, Trading Suspended; Juncker Principle in Action
The Telegraph reports liquidity dries up as UK banks abandon eurozone over Greek default fearsSenior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system. Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in …
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UK Banks Abandon Eurozone; Greek PM Seeks Constitutional Changes; Trichet Blames Everyone but Europe for Global Imbalances; Credit Crunch Coming Up?
EU and ECB officials are scrambling like fools to come up with a “voluntary” solution to the Greek problem that will not trigger a default and spread contagion. Please consider Juncker warns of contagionContagion from the Greek debt crisis could spread to at least five other European countries – including Belgium or even Italy – if it is not cautiously managed, the head of the eurozone group warned Saturday. Jean-Claude Juncker told the German daily Sueddeutsche Zeitung that …
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Mad Scramble to Prevent the Unpreventable and Contain the Uncontainable
Irish finance minister Michael Noonan is one confused soul. Let’s compare his position yesterday to his position today. Yesterday, Bloomberg reported Noonan Says Greek Crisis to Be Resolved Without Credit Event.Irish Finance Minister Michael Noonan said European authorities will find resolution to the Greek debt crisis that isn’t classed as a default. “A satisfactory resolution will be brought about, which will not be a credit event,” Noonan said in an interview on CNBC television in New …
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Irish Finance Minister Flip-Flop: Yesterday Noonan Vowed to Screw Irish Taxpayers; Today Seeks Haircuts on Senior Irish Bonds; Lessons From Iceland
Avis Budget has agreed buy its European counterpart for £636m, reuniting the two parts of the car rental business after 25 years
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Avis car hire companies agree to reunite