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DuPont delays expected closing of merger with Dow Chemical

  Bloomberg DuPont Co. said it may need an additional three months to close its merger with Dow Chemical Co. as regulators around the world scrutinize a deal that would combine the two biggest US chemical makers. The updated timetable represents a change from the previous expectation that the transaction would be finalized in the first quarter of 2017. “We ...

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Euro area starts 2017 on strong note as price pressures build

  Bloomberg The euro-area economy expanded at a robust pace at the start of the year as inflation pressures increased, according to IHS Markit. A Purchasing Managers’ Index signaled quarterly growth of 0.4 percent, with broad-based expansion in both manufacturing and services, the London-based company said in a statement on Tuesday. Although the gauge slipped to 54.3 in January from ...

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Britain’s budget deficit narrows

  Bloomberg Britain’s budget deficit narrowed in December as tax revenue jumped, putting Chancellor of the Exchequer Philip Hammond on course to meet his new fiscal forecasts. Net borrowing was 6.9 billion pounds compared with 7.2 billion pounds a year earlier, the Office for National Statistics on Tuesday. It left the shortfall in the first nine months of 2016-17 at ...

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