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Top 3 Business Stories of the Day

4 years ago20 views

wochit

Wochit

The penalt would cap weeks of heated negotiating and underscore the extent of the bank's legal woes, people briefed on the talks said.
LONDON (Reuters) - Britain's Royal Mail was valued by some investment banks 50 percent higher than last week's public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply. In a report on Saturday, the Financial Times said Royal Mail was valued by banks not involved in the sale at up 5 billion pounds($8.09 billion) in June. The newspaper said at least two investment banks pitched a maximum price of about 500p, quoting banking sources. ...
BERLIN (Reuters) - The head of the German Bundesbank has told Chancellor Angela Merkel to keep a tight grip on government spending in coalition talks with the center-left Social Democrats (SPD) next week, in which she faces pressure to boost investment funding. "It is important to shape public budgets in a way that preserves a safe distance to the net new borrowing ceiling, to avoid unpleasant surprises," Jens Weidmann told the business magazine Wirtschaftswoche on Saturday. Coalition talks between Merkel's conservative block and the SPD are due to begin on Wednesday. ...