Tweet Royalty Pharma has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer…. See the original post here: Royalty Pharma lets Elan takeover bid expire  Read More →

Tweet LONDON (Reuters) – Emerging markets are suffering a sharp pullback by investors fearful of a shock from China just as confidence in the world economy, and the euro zone in particular, rises, according to a survey of fund managers. More here: Investors back away from emerging markets on China fears: BofA survey  Read More →

Tweet LONDON (Reuters) – Britain’s fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the manipulation of benchmark interest rates. Go here to see the original: UK charges ex-UBS trader Hayes in Libor investigation  Read More →

Tweet LONDON (Reuters) – British bank Lloyds said there had been no political pressure on it to sell hundreds of branches to the Co-operative Group , but a rival bidder said he thought there was political influence. Follow this link: Lloyds says no political pressure for branches sale to Co-op  Read More →

Tweet TOKYO (Reuters) – Japan’s Nikkei will rise 51 percent in 2013 on expectations of higher company earnings, driven by a weaker yen after Prime Minister Shinzo Abe embarked on radical fiscal and monetary expansionary policies to spur growth, a Reuters poll showed, See original here: Japan’s Nikkei seen rising 51 percent in... 

Tweet FRANKFURT (Reuters) – German lender Commerzbank will shed more than 5,000 jobs as part of its cost cutting program, a person familiar with the negotiations told Reuters on Tuesday. See the rest here: Commerzbank to shed more than 5,000 jobs: source  Read More →

Tweet LONDON (Reuters) – Airbus clinched a deal on Tuesday worth about $11 billion to supply British budget airline easyJet with 135 planes, dealing a blow to its U.S. rival Boeing . See the original post: Airbus clinches $11 billion easyJet order  Read More →

Tweet WASHINGTON (AP) — A measure of U.S. consumer prices likely ticked up in May after two months of declines caused by lower gas prices. The small increase would add to evidence that inflation remains tame…. More here: Ahead of the Bell: US Consumer Prices  Read More →

Tweet LE BOURGET, France (AP) — Budget carrier easyJet has agreed to purchase 135 single-aisle Airbus jets that will allow the European airline to pack in more passengers than it currently does…. Read more here: easyJet to buy 135 single-aisle Airbus A320s  Read More →

Tweet MILAN (AP) — European car sales have hit their lowest level for the month of May in 20 years as the continent’s recession continues to deepen…. Excerpt from: European car sales hit 20-year low for May  Read More →