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German carbon pricing plan may cost DAX companies billions: report

1 day ago DieselGasoil Comments Off on German carbon pricing plan may cost DAX companies billions: report
FRANKFURT (Reuters) – Germany’s blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment. Power-generating windmill turbines are pictured at the ‘Amrumbank West’ offshore windpark in the northern sea Read More

Deutsche Telekom to take on telecom ops from slimmed-down T-Systems

1 day ago DieselGasoil Comments Off on Deutsche Telekom to take on telecom ops from slimmed-down T-Systems
BONN, Germany (Reuters) – Deutsche Telekom is taking back responsibility for corporate telecoms clients from its restructured T-Systems unit, which will emerge as a slimmed-down operation focused on IT and digital services. FILE PHOTO: Adel Al-Saleh, member of the board of Deutsche Telekom AG and CEO of T-Systems of Germany’s telecommunications giant Deutsche Telekom is Read More

German carbon pricing plan may cost DAX companies billions – report

1 day ago DieselGasoil Comments Off on German carbon pricing plan may cost DAX companies billions – report
FRANKFURT (Reuters) – Germany’s blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment. Power-generating windmill turbines are pictured at the ‘Amrumbank West’ offshore windpark in the northern sea Read More

Amazon starts hiring own drivers in German last-mile delivery push

2 days ago DieselGasoil Comments Off on Amazon starts hiring own drivers in German last-mile delivery push
MANNHEIM, Germany (Reuters) – Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centers to expand its delivery business in its second biggest market, the firm’s German logistics chief said in an interview. An outside view of an Amazon logistics centre in Mannheim, Germany, September 17, 2019. REUTERS/Ralph Read More

JP Morgan traders accused of manipulating price of gold, silver for a DECADE, as DoJ tries to look tough on Wall Street

3 days ago DieselGasoil Comments Off on JP Morgan traders accused of manipulating price of gold, silver for a DECADE, as DoJ tries to look tough on Wall Street
Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according to the US Justice Department, which appears to be signaling a crackdown. Current and former JP Morgan precious metals traders Gregg Smith, Michael Nowak, and Christopher Jordan engaged in “a massive, multiyear scheme to manipulate Read More

Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal

4 days ago DieselGasoil Comments Off on Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Dream Global Real Estate Investment Trust (DRG_u.TO) said funds managed by Blackstone Group Inc (BX.N) would buy the Canadian firm in Read More

Hong Kong Exchange faces uphill battle with $39 billion bid for LSE

1 week ago DieselGasoil Comments Off on Hong Kong Exchange faces uphill battle with $39 billion bid for LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) (LSE.L) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles. To prevail, HKEX would have to persuade British politicians and European regulators to abandon Read More

Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE

1 week ago DieselGasoil Comments Off on Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE.L) on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse. The unsolicited approach, a proposal contingent on the LSE ditching its $27 billion Refinitiv deal, Read More

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

1 week ago DieselGasoil Comments Off on Hong Kong Exchanges bids $39 billion to take over London Stock Exchange
LONDON (Reuters) – Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange (LSE.L), an offer contingent on the LSE ditching its acquisition of data company Refinitiv. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China Read More

Waning ECB stimulus bets push bond yields higher

1 week ago DieselGasoil Comments Off on Waning ECB stimulus bets push bond yields higher
LONDON (Reuters) – Global bond yields rose on Monday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy this week and rising hopes that Berlin could loosen its purse strings. FILE PHOTO: The German share price index DAX graph is pictured at the stock Read More