Reuters) - A polarized Washington that cannot find a way around the looming "fiscal cliff" is compounding economic uncertainty, freezing business investment and threatening growth, the IMF's No. 2 official and its top-ranking American said on Monday.
Europe
German Bank to Relocate $36 Billion Worth of Gold Back its Own Vaults By 2020
Germany's central bank is set to bring back 700 tons of gold worth $36 billion stashed in United States and France.
Hitachi Takes Over UK’s Horizon Nuclear Project
Even as the British Government lays the ground for its upcoming Energy Bill that will principally aim to promote a low-carbon energy economy in the country, Japanese energy and engineering major Hitachi has completed the acquisition of Britain's Horizon nuclear project.
Earthquake in Southern Spain Linked to Farmers' Drilling: Study in Nature Geoscience Finds
A study examining the causes of the 2011 earthquake in Spain's agricultural city of Lorca, shows that years of drilling and pumping water from an underground reservoir may have triggered the 5.1 magnitude event. The May 11, 2011 quake was Spain's worst in 50 years, claiming nine lives and costing the country billions of euros in damage.
German Retailer Douglas Receives Go-Private Offer
After months of negotiations, the German retailer Douglas Holding, which is known throughout Europe for its perfumeries, jewelry and book stores, is well on the road to going private. The Wall Street Journal reported on Monday that the company's founding family has joined private equity firm Advent International in a takeover offer.
Latest News
As Europe’s sovereign debt crisis continues and banks grow increasingly selective about making loans for deals involving private equity, European private equity firms are being forced to look elsewhere for the financing they need to complete acquisitions, based on Friday's NYT DealBook article.
The two main political parties in Greece are facing their own financial crisis. (Reuters) - The two main political parties in Greece are facing their own financial crisis.
European credit manager ECM is seeking to raise up to 500 million euros for a fund to invest in the loans and bonds of highly-leveraged companies.
Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- French builder Vinci to buy EVT, an engineering unit of Swiss group Alpiq (approved Aug.
Russian state railway monopoly Russian Railways has considered bidding for French carmaker Peugeot's logistics division GEFCO, according to materials produced for a Russian Railways' board meeting seen by Reuters on Thursday.
Aviva has received a number of unsolicited approaches from financial and private equity buyers for a U.S. unit estimated to be worth some 1 billion pounds ($1.57 billion).
The following are mergers under review by the European Commission and a brief guide to the EU merger process.
Britain's local government pension schemes want more freedom to mobilise their billions of pounds of assets to spend on roads, power stations and other infrastructure.
U.S. network equipment maker Cisco (CSCO.O) won unconditional EU regulatory approval on Tuesday for its $5 billion takeover of TV software developer NDS.
