posted at 23:50
Author Name: Mike Bird
European Markets Open Nov 24 2014
Time runs out Monday for the biggest chance in years to resolve the Iranian nuclear standoff, as Tehran and world powers make a final push for a deal but with a risky extension looking likely. China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, after Friday's surprise rate cut. Germany's largest airline Deutsche Lufthansa has won a bigger slice of its domestic market in recent months, its chief executive told newspaper Sueddeutsche Zeitung. Italy's retail bank Intesa SanPaolo is looking at a possible bid for Coutts International, the wealth management arm of Royal Bank of Scotland , the Financial Times reported. Aviva's potential £5.6 billion purchase of Friends Life reflects a need to consolidate and cut costs in Britain's insurance industry, according to fund managers. UK Telecoms Firms Have Filed A Complaint Against BT. Britain's biggest telecoms service providers have filed a complaint to media regulator Ofcom demanding greater competition in the business broadband market, where they say BT has an effective monopoly. The IFO Institute's November survey on Germany's business survey is out at 9 a.m. GMT, giving an early insight into how Europe's biggest economy is weathering its slowdown. Economists expect a slight improvement in business expectations.

Posts Archive