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Bloomberg Brexit is helping to drive big year for UK mergers. Dealmaking by UK companies such as J Sainsbury Plc, GlaxoSmithKline Plc and Sky Plc is poised to hit a record this year amid a surge in foreign takeover interest and domestic consolidation as local businesses brace for Brexit. Acquisitions involving British firms have soared to more than $275 billion ...

Bloomberg Twitter Inc. inked more than 30 deals with publishers including Walt Disney Co. and NBCUniversal to beef up its video offerings with more news, entertainment and sports. NBCUniversal, part of Comcast Corp., agreed to distribute live video and clips on Twitter through its media properties, including NBC News, MSNBC and E! News. Viacom Inc. is creating new show formats ...

Bloomberg President Donald Trump says his trade actions may cause “a little pain” in the short term, and a new study shows US agricultural workers could be hurt the most. The tariffs on $50 billion in Chinese imports that Trump has proposed, plus promised retaliatory duties by China, would reduce US gross domestic product by $2.9 billion and cost almost ...

Bloomberg Jan Koum’s exit from Facebook Inc. could prove costly. A speedy departure may prevent him from collecting as much as $1 billion in stock awards. The chief executive officer of messaging unit WhatsApp confirmed in a Facebook post that he was leaving the company. The announcement comes before the final three vesting dates of restricted stock unit awards tied ...

Bloomberg In the end, the fate of AT&T Inc.’s $85 billion merger with Time Warner Inc. will come down to he said versus he said. Lawyers for AT&T and the Justice Department clashed one last time at the close of a six-week trial over the proposed combination, a deal the government aims to stop. The judge overseeing the antitrust case ...

Bloomberg Nordic banks, once coveted as the best-run and best-capitalised in Europe, appear to be losing their luster. After publishing first-quarter results, banks based in Sweden and Denmark are among the year’s worst performers in the Bloomberg index of European financial stocks. In fact, you need to have been an investor in Banca Monte dei Paschi di Siena SpA or ...

Bloomberg Fast-money investors have their fingerprints all over last month’s Treasury selloff — and that may be good news for bulls hoping for a reprieve. Commodity trading advisers, who use a momentum-driven investing style, flipped from neutral to a short position in the 10-year US Treasury futures contract on April 18, helping to send the note itself racing to 3 ...

Bloomberg Mexico’s monetary authority asked about a dozen banks to take emergency measures to shore up the country’s electronic payment network after a suspected cyber attack disrupted some transfers last week. The lenders have been instructed to connect to the system via a backup method that’s seen as less vulnerable to outside intrusions, but has never before been so heavily ...

Bloomberg A rate used to price loans in Saudi Arabia climbed to the highest level since the financial crisis. But unlike 2016, it’s the race to stay ahead of Libor, and not a liquidity squeeze, that’s raising borrowing costs. The three-month Saudi interbank offered rate advanced on Tuesday to 2.38625 percent, two basis points above the London interbank offered rate ...

Bloomberg Australia’s beleaguered banks are facing up to a bleaker future. In another bad day for the industry, a scathing report released on Tuesday into the nation’s largest lender found a “widespread sense of complacency” from the top down blinded it to risks that led to a massive breach of anti-money laundering laws. And in a stark warning the good ...