April, 2016

• 18 April

  Osborne warns of decades of economic pain if UK quits EU

  

    Bloomberg Chancellor of the Exchequer George Osborne outlined the bleakest scenario yet if the U.K. votes to leave the European Union, saying that Britain’s economy would suffer permanent damage hitting the public in the pocket. Quitting the 28-nation EU would leave the U.K. economy 6 percent smaller by 2030, according to a Treasury analysis released on Monday. The forecast ...

  Read More »
• 18 April

  Germany is asking for a different kind of bailout, says Credit Suisse

  

    Bloomberg Forget about Greek debt sustainability. Another part of the continent is in need of relief—and this time, it’s a part of the core, not the periphery. That’s how Credit Suisse Group AG analysts led by Peter Foley characterized comments from German Finance Minister Wolfgang Schaeuble earlier this month. “The German Finance minister said record low interest rates were ...

  Read More »
• 18 April

  Hutchison UK mobile deal to face EU veto within weeks

  

    Bloomberg CK Hutchison Holdings Ltd.’s $14.5 billion bid for Telefonica SA’s U.K. mobile-phone business has failed to win over European Union antitrust regulators who are expected within weeks to formally block the deal creating Britain’s biggest operator. The EC wasn’t convinced that Hutchison’s offers to sell space on its network to so-called virtual operators would create enough rivalry to ...

  Read More »
• 18 April

  News Corp adds to Google’s antitrust woes over Android

    Bloomberg Google’s antitrust woes in the European Union are growing, as News Corp. filed a new complaint against the legality of the U.S. tech giant’s search and news services at the same time as EU regulators are preparing a formal complaint on its Android mobile-phone operating system. “Our concern is that, by requiring phone makers and operators to pre-load ...

  Read More »
• 18 April

  Draghi brings German olive branch back to ECB bruised by row

  

    Bloomberg If Mario Draghi brought a souvenir back from his trip to Washington, it might just be an olive branch. As the European Central Bank prepares for a policy decision this week, its president will return to his desk armed with an endorsement of stimulus by the International Monetary Fund, and an apparent truce with one of his most ...

  Read More »
• 18 April

  Brazil impeachment euphoria may fade as quickly as it came

  

    Bloomberg Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling the country’s economic ...

  Read More »
• 18 April

  Verizon Communications to bid for Yahoo

  

    Bloomberg Verizon Communications Inc. is the leading suitor for Yahoo! Inc. after a number of bidders decided not to make an offer for the struggling Web company, according to the Wall Street Journal. Time Inc., Alphabet Inc. and IAC/InterActiveCorp have dropped out, while Advent International is among the buyout firms looking at making a bid, the Journal reported, citing ...

  Read More »
• 18 April

  Yellow water, dirty air, power outages: Maduro’s Venezuela hits a new low

  

    Bloomberg The tap in her apartment yields water only every two weeks. It comes out yellow. Her 8-month-old granddaughter is ill. And as Yajaira Espinoza, a 55-year-old hairdresser, made her way down the halls of Caracas university hospital on Friday, Zika cases evident in the rooms around her, a dense ash-filled smog enveloped the city. “I am so sorry ...

  Read More »
• 18 April

  PepsiCo registers record profits as snack sales up

  

    Bloomberg PepsiCo Inc. posted first-quarter profit that beat analysts’ estimates after North American snack sales rose, helped by price increases. Earnings were 89 cents a share, excluding some items, the Purchase, New York-based company said in a statement on Monday. Analysts estimated 81 cents, according to data compiled by Bloomberg. Sales fell 2.9 percent to $11.9 billion, matching analysts’ ...

  Read More »
• 18 April

  Rousseff hangs by thread after losing impeachment vote

  

    Bloomberg Dilma Rousseff’s presidency is hanging by a thread after Brazil’s lower house of Congress voted in favor of her impeachment, a decision that’s likely to cheer investors just as it threatens to bring down the curtain on 13 years of leftist rule. The opposition garnered 367 votes, 25 more than the two-thirds majority it needed to send the ...

  Read More »