By Paul Sandle LONDON (Reuters) – Britain’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s $69 billion acquisition of ‘Call of Duty’ maker Activision Blizzard over concerns it would hinder cloud gaming. The ruling was a shock after the regulator had already resolved its concerns about the consoles market, a sector dominated by Sony’s…
By Yoruk Bahceli and Davide Barbuscia AMSTERDAM/NEW YORK (Reuters) – In mid-March, as prices for U.S. Treasury bonds swung wildly following the collapse of Silicon Valley Bank, the trading desk at Legal & General Investment Management hit its top limits for both profit and loss several times in a single day. “We’d be swinging from…
LONDON (Reuters) – Ron DeSantis met Britain’s foreign minister James Cleverly during a visit to London on Friday aimed at boosting economic ties, ahead of an expected announcement by the Florida governor that he will run for U.S. president. DeSantis has been on an international tour this week as he prepares to launch a 2024…
By Alex Lawler LONDON (Reuters) – The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a change for an industry that is accustomed to using such programmes to assess supplies. Oil-index publisher S&P Global Platts is adding U.S….
A look at the day ahead in U.S. and global markets from Mike Dolan After mega tech earnings inspired the best day for Wall St stocks in almost 4 months, online retail giant Amazon cooled the frenzy somewhat on Friday – even as chipmaker Intel attempted to pick up the torch. But the dramatic re-acceleration…
By Mike Dolan LONDON (Reuters) -After a torrid 2022 for its stock prices, it seems Big Tech can do no wrong again this year. The eye-popping outperformance of the U.S. digital and technology giants this year helps explain the slightly puzzling levity of stock markets amid all the recession handwringing – not least because these…
By Simon Jessop and Tommy Wilkes LONDON (Reuters) – Standard Chartered Plc said on Friday it has changed its target for curbing carbon emissions associated with its loans to oil and gas companies, ditching a methodology that critics say allows climate-damaging emissions to rise. The Asia, Africa and Middle East-focused bank had previously set a…
By Brendan O’Brien (Reuters) -Television personality Jerry Springer, known for a long-running talk show that featured raucous audiences, controversial topics and fist-fighting guests and who briefly served as Cincinnati mayor, died at age 79 on Thursday, his family said. Springer died peacefully after a brief illness at his home in suburban Chicago, his family said…
A look at the day ahead in European and global markets from Wayne Cole. It was a long wait, but the Bank of Japan finally decided to hurry up and do nothing – well, almost nothing. The BOJ, it seems, will “patiently” continue with easing while “nimbly” responding to developments. Yield curve control remains as…
WASHINGTON (Reuters) – Federal Trade Commission Chair Lina Khan met with the heads of other antitrust enforcers, including Britain’s, last week but no mergers were discussed, according to an FTC official who spoke amid allegations the FTC and UK are working together to block Microsoft’s bid for Activision. On Wednesday, Britain’s Competition and Markets Authority…
