Euro Financial Review

The European Central Bank (ECB) announced a fresh stimulus package on Thursday as it cut interest rates and agreed a new round of bond purchases…

Shares of Prosus, the spin-off of South African e-commerce group Naspers, soared on their market debut in Amsterdam, valuing Prosus at €123 billion and making…

Sotheby’s said on Thursday that its shareholders approved the $3.7 billion cash acquisition of the company by French-Israeli telecom titan and art collector Patrick Drahi….

Norwegian Air on Monday asked its bondholders for up to two more years to pay back $380 million of outstanding debt to “ensure successful operations…

Chemicals giant Ineos said it completed a deal to acquire OGC Nice Football Club. A price tag of about €100 million was previously reported, but…

German drug company Bayer said US-based Elanco Animal Health agreed to acquire Bayer’s animal health business in a transaction valued at $7.6 billion. The $7.6 billion…

The influential Business Roundtable in the United States on Monday announced a new “Statement on the Purpose of a Corporation” signed by 181 CEOs that…

The EU is to invest €114 million from the European Regional Development Fund (ERDF) to build a new 15.5 km section of railway between Naples’ Central…

The first estimate for Euro area (EA19) exports of goods to the rest of the world in June 2019 was €189.9 billion, a decrease of 4.7% compared with…

German drug company Bayer said it will pay up to $600 million for full control of cell therapy developer BlueRock Therapeutics. The move increases Bayer’s…

US activist investor Elliott has called on German classifieds group Scout24 to sell its car listings business and carry out a “more ambitious” share buyback…

The European Commission has approved, under EU State aid rules, €300 million of public support for Greece’s Ultrafast Broadband Infrastructure Scheme. The scheme will bring…

Central banks around the world bought a record $15.7 billion of gold in the first six months of 2019. Central banks have increased gold reserves…

The European Central Bank (ECB) on Thursday sent a strong signal that its monetary support for the euro area economy will be increased after the…

Germany’s Bayer said on Monday it agreed to sell its Dr. Scholl’s footcare brand to Boston-based private investment firm Yellow Wood Partners for $585 million….

The European Commission said on Monday it approved under EU State aid rules a €171.74 million public service compensation granted by Italy to Poste Italiane…

Belgium-based Anheuser-Busch InBev, the world’s largest brewer, said it is selling its Australian business Carlton & United Breweries (CUB) to Japan’s Asahi for about $11…

French luxury goods conglomerate LVMH said on Monday it reached an agreement with British designer Stella McCartney to further develop her brand, months after she…

US drugmaker Gilead Sciences has agreed to invest $5.1 billion to raise its stake in Galapagos NV and partner with the Belgian-Dutch biotech firm to…

Colgate-Palmolive Company said on Friday it agreed to acquire the Laboratoires Filorga Cosmétiques skin care business for about €1.49 billion. Colgate-Palmolive said the acquisition is part…

Norwegian Air co-founder and CEO Bjørn Kjos, 72, is to leave the CEO position and continue in a new role as an advisor to the…

The International Monetary Fund said in a report on Thursday that the euro zone economy is facing rising risks from trade tensions, Brexit and Italy…

Edinburgh-based investment giant Aberdeen Standard Investments has expanded its Pan European Residential Property Fund (ASPER) SICAV-RAIF with the purchase of a newly constructed residential portfolio…

UPDATE 3 — Swiss Re announced on Thursday the suspension of its plans for a $4.1 billion initial public offering (IPO) of UK life insurance…

Swiss bank Julius Baer said it appointed Philipp Rickenbacher as its new CEO, effective September 1, 2019. Rickenbacher is currently Head of Intermediaries & Global…

German biotech firm BioNTech SE has completed a $325 million Series B financing round, making it one of the largest single private funding rounds for…

The European Commission (EC) on Wednesday cut its euro area GDP growth and inflation forecast for next year as it warned the near-term outlook for the…

Zurich Insurance Group has appointed its chief risk officer Alison Martin to the role of Chief Executive Officer Europe, Middle East & Africa (EMEA) and…

The German labour market will be short of up to six million people in 2040 compared to 2018, according to research by Deutsche Bank. “Even…

Deutsche Bank said on Sunday it has changed its leadership structure as part of its “radical transformation” that will involve scrapping its global equities business…

Deutsche Bank said on Sunday it will scrap its global equities business and scale back its investment bank, a move that will cut about 18,000…

European leaders have agreed on who should fill the top jobs for its main institutions after a marathon summit. France’s Christine Lagarde has been proposed…

The European Commission said on Monday it will provide €120 million to the EU’s beekeeping sector over the next three years “to support its essential role in…

Sotheby’s announced on Monday it signed a definitive merger agreement to be acquired by an entity wholly owned by French-Israeli telecom titan and art collector…

Deutsche Börse AG announced on Tuesday it will buy US risk and portfolio analytics firm Axioma for $850 million and combine it with Deutsche Börse’s…

The European Commission said it has fined Google €1.49 billion for breaching EU antitrust rules. “Google has abused its market dominance by imposing a number…

The landmark trade and investment agreements between the EU and Singapore on Wednesday received the approval of the European Parliament. Under the trade agreement, Singapore will…

The European Commission said it has fined Google €4.34 billion “for breaching EU antitrust rules.” “Since 2011, Google has imposed illegal restrictions on Android device…

The European Central Bank said on Thursday it will end its €2.55 trillion bond-purchase programme at the end of this year and said interest rates…

Deutsche Bank said on Thursday it will cut more than 7,000 jobs worldwide and “significantly reshape” its equities sales and trading business. “We remain committed…