England’s Black players face racial abuse after Euro 2020 defeat
Black players in the England soccer team have been subjected to a storm of online racist abuse after their defeat in the final of Euro 2020, drawing wide condemnation from the squad’s manager, royalty, religious leaders and politicians.
Novo Nordisk to buy Prothena’s heart drug in deal worth up to $1.2 bln
July 12 (Reuters) – Danish drugmaker Novo Nordisk (NOVOb.CO) will acquire U.S. drug developer Prothena Corp’s (PRTA.O) experimental heart therapy, PRX004, in a deal that could be worth up to $1.23 billion, the companies said on Monday. The acquisition is in line with Novo’s strategy to diversify its core insulin portfolio that has been facing tough competition, prompting it […]
Troubled Caribbean refinery seeks bankruptcy as lenders balk at injecting more cash
July 12 (Reuters) – The owners of Limetree Bay, a Caribbean refinery that was once the largest in the Western Hemisphere, filed for bankruptcy on Monday after lenders balked at putting new cash into a project dogged by cost overruns and regulatory troubles. The St. Croix refinery overhaul was the most expensive effort in nearly […]
COVID Delta upsurge keeps stock and commodity bulls in check
An upsurge in infections of the Delta coronavirus variant capped equity and commodity gains on Monday and kept bond yields just above multi-month lows, though U.S. tech shares that benefited from COVID-linked lockdowns were tipped to open higher.
U.S. oil mergers surge as energy, share prices recover from pandemic
U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals.
Big banks brace as British forex class action seeks go-ahead
LONDON, July 12 (Reuters) – A specialist London court will decide whether a long-awaited multi-billion pound class action against some of the world’s biggest banks over alleged foreign exchange rigging can proceed, after a five-day hearing kicked off on Monday. JPMorgan (JPM.N), Citigroup (C.N), Barclays (BARC.L), UBS (UBSG.S) and NatWest (NWG.L), along with Japan’s MUFG Bank [RIC:RIC:MTFGTU.UL], are braced for the […]
Google to fight EU antitrust fine at court hearing from Sept. 27 – sources
Alphabet (GOOGL.O) unit Google will seek to overturn a record 4.34-billion-euro ($5.15 billion) EU antitrust fine at a five-day hearing in September at Europe’s second-highest court, people familiar with the matter said.
Yellen urges EU to back global tax deal, consider more fiscal support
BRUSSELS, July 12 (Reuters) – U.S. Treasury Secretary Janet Yellen urged European Union countries on Monday to sign on to a global deal to revamp corporate taxation, keep fiscal support through 2022 and consider more spending in the face of COVID-19 uncertainty. “We need sustainable sources of revenue that do not rely on further taxing […]
Analysis: Dealmakers see M&A rush, then chills, in Biden’s antitrust crackdown
July 12 (Reuters) – Dealmakers expect a new wave of transformative U.S. mergers and acquisitions (M&A), as companies rush to complete deals before President Joe Biden’s antitrust push takes shape, to be followed by a slowdown when regulators start cracking down. Biden signed a sweeping executive order on Friday to bolster competition within the U.S. […]
Musk begins testifying in defense of Tesla’s $2.6 bln deal for SolarCity
WILMINGTON, Del., July 12 (Reuters) – Elon Musk took the stand on Monday to defend Tesla Inc’s (TSLA.O) 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker. “Pretoria, South Africa,” said Musk, responding to the first question of where he was born. […]
