EXCLUSIVE: Apple seeks dismissal of India apps market antitrust case, cites tiny market share
Apple Inc (AAPL.O) has asked India’s antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows.
French economic rebound, inflation to moderate next year – central bank
French growth and inflation will moderate in 2022 after a faster than expected recovery this year, after which a tighter labour market will boost wages, the French central bank forecast on Sunday.
Dollar shines, euro droops as Omicron spreads while Fed hawks circle
The U.S. dollar hovered near the highest since July of last year against major peers on Monday after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March.
Russian bank VTB to spend up to $338 mln on railcar leasing in 2022
China’s property sector debt turmoil is set to keep a lid on Asian high-yield corporate bond deals in the first half of next year after a string of defaults by real estate firms left global investors licking their wounds, bankers said.
StanChart fined $61.5 mln for misreporting liquidity position
The Bank of England said on Monday it was fining Standard Chartered (STAN.L) 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls.
BNP Paribas to sell Bank of the West to Canada’s BMO for $16 bln
BNP Paribas (BNPP.PA) said Monday it is to sell U.S. unit Bank of the West to Canada’s BMO Financial Group for $16.3 billion in a deal that will give France’s biggest bank a huge step up in firepower for deals and buybacks.
Analysis: After inflation, a bond supply shock may be next for markets
Central banks, the developed world’s most reliable group of bond buyers, could slash debt purchases next year by as much as $2 trillion across the four big advanced economies, implying a potentially hefty rise in many governments’ borrowing costs.
Global M&A activity smashes all-time records to top $5 trillion in 2021
Dec 20 (Reuters) – Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of dealmaking.
Asia stocks, oil prices suffer as Omicron spreads
Asian share markets fell and oil prices slid on Monday as surging Omicron cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the new year.
Pandemic have-a-go investors force shake-up in UK wealth market
The explosion in DIY investing since the start of the pandemic has led to a scramble among Britain’s more traditional asset managers and banks to buy or build online platforms that give consumers more direct control of their investment portfolios.
