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World - EU Commission will do everything to prevent bank run - EU`s Juncker

BRUSSELS (Reuters) - The banking sector in Italy and elsewhere in Europe will be protected and the European Commission will do everything to prevent a bank run, EU Commission President Jean-Claude Juncker said after a meeting of European leaders in Brussels. Rome is concerned that Italian banks, which are saddled with 360 billion euros (300.05 billion pounds) of bad loans, a third of the euro zone`s total, risk attacks by hedge funds betting that Brexit turmoil could tip them into full-blown crisis. (Reporting by Robert-Jan Bartunek; Editing by Alastair Macdonald)

Wednesday, June 29, 2016  00:06


World - No months to meditate over British EU withdrawal: EU`s Juncker

BRUSSELS (Reuters) - Britain`s withdrawal from the European Union has to be notified as soon as possible after a referendum voted in favor of Britain leaving the bloc last week, EU Commission President Jean-Claude Juncker said after a meeting of EU leaders. `We want article 50 to be triggered. It has to be sped up, we don`t have months to meditate,` Juncker told a news conference in Brussels. (Reporting by Robert-Jan Bartunek; Editing by Alastair Macdonald)

Wednesday, June 29, 2016  00:09


World - EU`s Juncker says Britain doesn`t have `months to meditate`

Brussels (AFP) - Britain does not have `months to meditate` on the next steps following the Brexit vote, European Commission president Jean-Claude Juncker said Tuesday.

Tuesday, June 28, 2016  23:05


Top Stories - Largest uncut diamond goes on sale

`Lesedi La Rona,` a 1,109-carat diamond found in Botswana, is expected to sell for $70 million at an auction on June 29, 2016.

Wednesday, June 29, 2016  01:07


Business - EU regulators readying third Google antitrust charge: sources

Alphabet`s Google may face a third EU antitrust charge as soon as next month, this time focusing on its revenue mainstay AdWords ad placement service, three people familiar with the matter said on Tuesday. The world`s most popular Internet search engine is already under fire from the European Commission for promoting its shopping service at the expense of rivals and for using its Android mobile operating system for smartphones to squeeze out competitors. The Commission has asked Google rivals to share information related to search advertising with the tech giant, a step suggesting the EU competition enforcer could be poised to hit Google with a fresh charge, the sources said.

Tuesday, June 28, 2016  17:43


World - European Commission will extend glyphosate license for 18 months

The European Commission will extend by 18 months its approval for weed-killer glyphosate, used in Monsanto`s Roundup, Health Commissioner Vytenis Andriukaitis said on Tuesday. `The Commission will follow our legal obligation. The EU license for glyphosate expires at the end of June and, if not extended, would force manufacturers to phase-out products containing the common herbicide within six months.

Tuesday, June 28, 2016  17:40


World - `Brexiteer` Farage booed in rowdy EU parliament debate

By Francesco Guarascio and Alissa de Carbonnel BRUSSELS (Reuters) - Leading Brexit campaigner Nigel Farage was booed and heckled in a raucous special session of the European Parliament on Tuesday as he accused the EU of imposing a superstate on its citizens and predicted other countries would leave the bloc like Britain. Facing Farage, who sat with a British `Union Jack` flag planted on the table in front of him, European Commission President Jean-Claude Juncker asked: `Why are you here?` When Farage interrupted Juncker`s speech to applaud the results of last week`s British vote to leave the EU, the Commission chief shot back: `That is the last time you are applauding here.` The exchanges underscored just how fraught ties between European officials and British politicians have become since the vote on Thursday, which left far-right anti-European parties across the bloc cheering and governments fretting about political and economic aftershocks.

Tuesday, June 28, 2016  17:06


World - Mexico rights group: rights of federal police violated

MEXICO CITY (AP) Mexico`s National Human Rights Commission has issued a rare condemnation of demonstrators, saying participants in teachers` protest abused two federal police officers they held hostage.

Tuesday, June 28, 2016  21:40


Business - America Movil to pay $1.1 million to settle U.S. probe

Puerto Rico Telephone Company and its parent, America Movil SAB de CV of Mexico, will pay $1.1 million to resolve a U.S. investigation over foreign ownership levels, the Federal Communications Commission said on Tuesday. The FCC said stock purchases of Amrica Mvil by its billionaire owner Carlos Slim and his family repeatedly exceeded the foreign ownership levels approved by the agency. The companies have agreed to adopt compliance plans to prevent future stock purchases by the Slim family that would exceed foreign ownership limits without first receiving FCC approval.

Tuesday, June 28, 2016  20:20


Business - U.S. SEC proposes rule on transition plans for investment advisers

The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. The proposed rule would require investment advisers to put in place business continuity and transition plans, laying out how they would minimize material disruptions to service in the event of business disruptions such as natural disasters, cyber-attacks, technology failures or the departure of key personnel. While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such disruptions and in some cases, minimize the likelihood of their occurrence, which is an objective of this rule, Securities and Exchange Commission Chair Mary Jo White said in a statement.

Tuesday, June 28, 2016  20:08

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