EU antitrust regulators opened on Friday an in-depth probe into Telefonica’s (TEF.MC) (O2Dn.DE) proposed 8.6 billion euro ($11.9 billion) takeover of KPN’s (KPN.AS) German unit, saying the deal may reduce competition in the German mobile market. Spanish telecoms provider Telefonica’s takeover of KPN’s E-Plus will put it on par with […]
Tag: European Union
European stocks inch up, euro dips on S&P downgrade
European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in U.S. monetary policy, and the euro dipped after a credit agency cut its rating on the European Union. The FTSEurofirst 300 .FTEU3 index of top European shares was up 0.2 percent after […]
EU Finance Chiefs Said to Reach Deal on Failing Banks
European Union finance chiefs struck an agreement on how to handle failing banks, a step they said would bolster investor confidence and help overcome the euro-area financial crisis. In seven hours of emergency negotiations in Brussels that wrapped up at about 1:30 a.m. today, ministers settled on guidelines for assigning […]
