29 December

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Brexit Deal Offers Scant Solace to City of London Under Threat

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(Bloomberg) -- The trade deal that both sides of the English Channel say reflects a new era of cooperation is essentially a sideshow for the City of London, which is still awaiting its own seal of approval from the European Union. EU officials must rule separately that British financial regulations and oversight are strong enough to create a level playing field. Without that,...

29 December

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EU regulators okay 73-mln-euro Italian aid for virus-hit Alitalia

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BRUSSELS (Reuters) - EU competition regulators on Tuesday approved 73 million euros ($89.5 million) in Italian state aid for Alitalia, which posted significant operating losses on 19 routes over a four-month period to October due to the coronavirus pandemic. The European Commission said the aid was proportionate. "The route-by-route quantitative analysis submitted by Italy appropriately identifies the damage attributable to the containment...

29 December

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EU is asked to approve extra dose from Pfizer vaccine vials

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By Jan Lopatka and Emilio Parodi PRAGUE/ROME (Reuters) - The European Union was asked on Tuesday to allow an extra dose of the COVID-19 vaccine developed by Pfizer (NYSE:PFE) and BioNTech to be taken from each vial, a practice allowed elsewhere that would make scarce supplies go further. Experts say it is possible to obtain six doses from each vial,...

29 December

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UK received 22 deliveries of Pfizer/BioNTech vaccine by Dec. 25, says PM’s spokesman

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LONDON (Reuters) - Britain had received 22 deliveries of the Pfizer/BioNTech coronavirus vaccine by Dec. 25, providing the country with a sufficient supply for its vaccination programme, a spokesman for Prime Minister Boris Johnson said on Tuesday. "We have continued to receive deliveries of the Pfizer (NYSE:PFE) vaccine throughout December and as of the 25th of December we have...

29 December

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Europe Urged to Keep Firebreaks Banks Blame for Blocking Mergers

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(Bloomberg) -- A European Central Bank push to make it easier for the region’s chronically unprofitable banks to merge is facing opposition from some national regulators, with one top official warning it could backfire and damage the integration of the financial system. Proposals by ECB supervisory board chair Andrea Enria to give banks more...

29 December

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In pandemic, Fed showed its muscle in markets still matters

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By Howard Schneider (Reuters) - The U.S. Federal Reserve's response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets. Within weeks, though, its actions became so groundbreaking they cast the U.S. central bank as creditor to the world and open to...

29 December

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Senate Returns, Asia Tech Boom, AstraZeneca Vaccine – What’s up in Markets

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By Geoffrey Smith Investing.com -- The Senate reconvenes and may or may not vote on increasing the direct payments in the recent stimulus bill to $2,000 from $600. The House of Representatives passed the motion on Monday. U.S. stocks are set to build on yesterday’s record highs, and U.K. stocks roar ahead as London reopens for the first time since the Brexit deal was...

29 December

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India shares higher at close of trade; Nifty 50 up 0.43%

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Investing.com – India equities were higher at the close on Tuesday, as gains in the Banking, IT and Technology sectors propelled shares higher. At the close in NSE, the Nifty 50 added 0.43% to hit a new all time high, while the BSE Sensex 30 index added 0.55%. The biggest gainers of the session on the Nifty 50 were IndusInd...

29 December

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Private equity firm Permira to buy majority stake in Boats Group

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(Reuters) - Private equity firm Permira said on Tuesday it will acquire a majority stake in online classifieds marketplace Boats Group from Apax Partners funds. The financial details of the deal were not disclosed. (https:// The deal for Boats, which mainly serves the recreational marine industry, is expected to close in the first quarter of 2021. Miami-headquartered Boats Group connects buyers and...

29 December

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Fiat Chrysler to invest 2 billion euros in Poland, says Deputy PM

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WARSAW (Reuters) - Italian-American automaker Fiat Chrysler will invest 2 billion euros in its plant in Tychy in Poland, Deputy Prime Minister Jaroslaw Gowin said on Tuesday, in a move that will see new hybrid and electric models produced at the factory. The investment comes as a boost to emerging Europe's largest economy, which is hoping a switch to electric vehicles can...

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Brexit Deal Offers Scant Solace to City of London Under Threat

EU regulators okay 73-mln-euro Italian aid for virus-hit Alitalia

EU is asked to approve extra dose from Pfizer vaccine vials

UK received 22 deliveries of Pfizer/BioNTech vaccine by Dec. 25, says PM’s spokesman

Europe Urged to Keep Firebreaks Banks Blame for Blocking Mergers

In pandemic, Fed showed its muscle in markets still matters

Senate Returns, Asia Tech Boom, AstraZeneca Vaccine – What’s up in Markets

India shares higher at close of trade; Nifty 50 up 0.43%

Private equity firm Permira to buy majority stake in Boats Group

Fiat Chrysler to invest 2 billion euros in Poland, says Deputy PM

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