After the vote Germany's finance ministry warned the euro zone’s largest economy was likely to have seen a slowdown in growth in the second quarter, in its monthly report.
The warning was the first sign Germany’s economy may not be immune to the debt crisis. Growth will probably remain moderate for the rest of the year, the ministry said.
The London Stock Exchange(LSE) is in talks with the Singapore Exchangeabout a potential 7.2 billion-pound ($11.3 billion) merger, according to a report in the Daily Telegraph, in a deal likely to face tough regulatory scrutiny.
The deal would likely take the form of a takeover of the LSE by the larger Singapore Exchange.
And as the London Interbank Offered Rate (Libor) scandal rolls on, some of the banks being investigated in the rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays -style backlash by going it alone, people familiar with the plans told Reuters.
Discussions are thought to be at a preliminary stage , and it is unclear if regulators will agree to the proposal, none of the banks under investigation want to be next in the firing line for lawmakers after the hostile treatment of Barclays over the last fortnight, a source told the news agency.
The banks currently being investigated all refused to comment.Page 2 of 2 | Prev Page