Euro Financial Review

The European Commission said it fined Alphabet unit Google a record €2.42 billion for abusing its dominance as a search engine by “giving illegal advantage”…

The European Commission said it approved French support for the construction of a €1.32 billion express railway line between Paris and Charles de Gaulle airport….

The European Commission said it approved under EU state aid rules the transfer of radioactive waste liabilities to a new public fund in Germany in…

The European Commission has opened an in-depth investigation to assess the proposed $38 billion acquisition of Netherlands-based NXP Semiconductors by San Diego-based Qualcomm under the…

Pittsburgh-based PPG Industries said it withdrew its proposal to buy Dutch paints, coatings and chemicals giant AkzoNobel in a €26.3 billion deal after a final attempt to engage AkzoNobel’s boards failed. “We…

The European Securities and Markets Authority (ESMA) said it fined Moody’s Deutschland GmbH (Moody’s Germany) €750,000 and Moody’s Investors Service Limited (Moody’s UK) €490,000, and…

Switzerland-based chemicals firm Clariant and US-based Huntsman said their boards unanimously approved a definitive agreement to merge in all-stock transaction that creates a company with a combined enterprise value of $20…

The European Commission has fined Facebook €110 million for “providing incorrect or misleading information” during the Commission’s 2014 investigation under the EU Merger Regulation of…

The first estimate for euro area exports of goods to the rest of the world in March 2017 was €202.3 billion, up 13% on March 2016, according…

AXA Investment Managers – Real Assets said it agreed to acquire a portfolio of 39 predominantly logistics assets spread across five European countries from Gramercy Property Europe…

French luxury goods group Kering said its consolidated revenue rose 28.6% on a comparable basis in the first quarter, with comparable sales its Gucci business up 48.3% and…

Around 840,000 people acquired citizenship of a member state of the European Union in 2015 — down from 890,000 in 2014 and 980,000 in 2013 — according…

BMW Group said its profit before tax rose 26.9% to €3.005 billion on revenue up 12.4% to €23.448 billion in its first quarter of the financial year 2017, helped by its Chinese…

UK Prime Minister Theresa May has announced plans to call a snap general election on June 8 — having decided she needs to win support for…

French supermarket retail giant Carrefour said its sales rose 6.2% to €21.3bn in the first quarter of 2017 as its international operations boosted performance. Carrefour also said…

Dutch paints giant AkzoNobel, which has rejected a $24 billion takeover proposal from Pittsburgh-based rival PPG Industries, said it received a request from shareholders led by Elliott Advisors to…

Dutch bicycle firm Accell Group confirmed it received a roughly €845 million takeover proposal from Pon Holdings and was now having “exploratory discussions” with its Netherlands rival….

Private equity firms Bain Capital and Cinven won the bidding war for Germany’s Stada on Monday when they agreed to offer a total of €5.3 billion for the…

Deutsche Bank said it raised €8 billion in its latest capital increase as 98.9% of share subscription rights in its rights issue were exercised — with the bank planning to sell…

Deutsche Bank CEO John Cryan voiced support for a Capital Markets Union in Europe during a panel discussion at the German Banking Congress in Berlin. “It…

Volkswagen and leading Chinese artificial intelligence (AI) company Mobvoi have entered a joint venture strategic partnership to develop and implement AI technologies in cars. Volkswagen…

The United States was the European Union’s biggest goods trading partner in 2016 with €610 billion, or 17.7% of total EU trade in goods, according to Eurostat,…

Luxembourg-based investment group JAB agreed to acquire US bakery and cafe chain Panera Bread Company for $315 per share in cash in a transaction valued at $7.5 billion including…

The European Commission has approved the proposed $43 billion takeover of Swiss pesticide maker Syngenta AG by ChemChina — the largest foreign acquisition by a Chinese…

The euro area seasonally-adjusted unemployment rate was 9.5% in February 2017 — the lowest since May 2009 — according to Eurostat, the statistical office of the…

The board of the European Investment Bank (EIB) on Tuesday approved €4.1 billion of new financing for projects including an extension of the Warsaw Metro, upgraded electricity distribution…

The European Commission said on Tuesday it opened an “in-depth investigation” to assess whether an alternative package proposed by UK authorities “is an appropriate replacement for…

The European Investment Bank (EIB) said it will provide a €350 million loan to TenneT Holding B.V. to finance “NordLink”, the first interconnection between Germany and…

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:…

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…

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…

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…

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…

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…

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…

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…

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…

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….