Authorities probe Credit Suisse on ‘client tax’
Credit Suisse said its offices in London, Paris and Amsterdam were contacted by local authorities on March 30 “concerning client tax matters.” The company said:…
March 2017
Volkswagen agrees to pay another $157m
Volkswagen said on Thursday it reached an agreement with the attorneys general of 10 US states to pay $157.45 million to resolve environmental claims related to its…
EU blocks Deutsche Börse-London merger
The European Commission said it has prohibited the proposed merger of Deutsche Börse AG and London Stock Exchange Group after concluding the merger would have created “a…
AkzoNobel to outline new strategy on April 19
Dutch paints and coatings giant AkzoNobel, which rejected a proposal from Pittsburgh-based rival PPG Industries to buy it for about $24.2 billion, said on Tuesday it would hold an update…
EU clears Danish state aid for offshore wind farm
The European Commission said it found that Danish state aid for the 600MW Kriegers Flak offshore wind farm in Danish territorial waters to be in line…
Watchdog: ECB needs more democratic oversight
The European Central Bank (ECB) urgently needs to increase democratic oversight and accountability if the euro is to survive the next crisis, according to a new…
EU approves $130bn Dow-DuPont merger
The European Commission approved the proposed $130 billion merger of US-based chemical companies Dow and DuPont “conditional in particular on the divestiture of major parts of…
AkzoNobel rejects $24.2bn bid from PPG
Dutch paints and coatings giant AkzoNobel said it rejected “a second unsolicited, non-binding and conditional proposal” from Pittsburgh-based rival PPG Industries to buy AkzoNobel for about $24.2 billion. “The…
UK says it will trigger Brexit process on March 29
The UK government said on Monday it intends on March 29 to formally trigger the long negotiations for the UK to leave the EU. “The UK’s Permanent…
EU clears GE $1.6bn acquisition of Denmark’s LM Wind
The European Commission said on Monday it approved unconditionally the $1.65 billion acquisition of LM Wind Power of Denmark by General Electric Company of the US….