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Ratings agency Moody’s says Britain at risk of credit downgrade

By David Milliken LONDON (Reuters) – Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and …

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Ratings agency Moody’s says Britain at risk of credit downgrade

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Sterling pares losses after hitting 31-year low on Brexit

By Sam Forgione NEW YORK (Reuters) – Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring

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Sterling pares losses after hitting 31-year low on Brexit

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter. Sanofi has threatened to oust the board after Medivation rejected its unsolicited $9.3 billion acquisition offer late last month, taking advantage of a so-called 'written consent' rule that gives Medivation shareholders the…

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter. Sanofi has threatened to oust the board after Medivation rejected its unsolicited $9.3 billion acquisition offer late last month, taking advantage of a so-called 'written consent' rule that gives Medivation shareholders the…

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

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Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates…

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Asian shares gain, dollar firm as US data soothes rate fears

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Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months. Europe was also poised for a strong open, with financial spreadbetters expecting Britain's FTSE 100 to open up 0.9 percent, Germany's DAX to jump 1.1 percent, and France's CAC 40 to start the day 0.8 percent higher. U.S. new home sales data on Tuesday showed …

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Asian shares gain, dollar firm as US data soothes rate fears

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GM Europe operations still loss-making in 2015: CEO in magazine

The European division of General Motors was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive told a German magazine. General Motors

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GM Europe operations still loss-making in 2015: CEO in magazine

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Ever so slowly, the euro zone economy awakes

Very slowly – and primarily because of massive stimulus from the European Central Bank – the euro zone is showing signs of recovery. Lower commodity prices will help too, whatever the concerns about deflation.

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Ever so slowly, the euro zone economy awakes