CNBC's Steve Sedgwick has the latest details from Northern Ireland on the gathering of the world's top political leaders.» Read More
DUBLIN, June 18- U.S.-based Royalty Pharma has dropped a hostile bid worth up to $8 billion for Elan, leaving the Irish drugmaker free to seek other suitors having put itself up for sale last week.
WASHINGTON, June 17- The International Monetary Fund said Ireland was on track with the conditions of its bailout program, and disbursed the European country's next chunk of aid on Monday.
ENNISKILLEN, Northern Ireland,- Several dozen activists briefly breached a metal security barrier surrounding the G8 summit venue in Northern Ireland on Monday, but withdrew when police threatened to arrest them.
PARIS, June 17- Transport financier Doric Lease Corp said it would buy 20 Airbus A380 aircraft in a deal worth $8 billion at list prices and could snap up more, putting the planemaker on track to hit its full-year order target for the superjumbo.
*Europe wants to build cloud sector to rival U.S. players. PARIS/ LONDON, June 17- France has its "Sovereign Cloud" project while across the Rhine data firms have created the label "Cloud Services: Made in Germany", all trying to reassure big companies that their information is stored away from the prying eyes of U.S. spies.
*Co-op Bank to be listed on London Stock Exchange. LONDON, June 17- Britain's Co-operative Group has agreed a plan to plug a 1.5 billion pound capital hole at its bank which forces bondholders to pay part of the bill, avoiding a repeat of the taxpayer-funded bailouts staged during the financial crisis.
*Obama to seek common ground with Putin on Syria. President Barack Obama will seek the help on Monday of Russia's Vladimir Putin, Syria's most powerful ally, to bring Bashar al-Assad to the negotiating table and end a two-year civil war.
WASHINGTON, June 14- The head of the International Monetary Fund said she was satisfied with the cooperation between the IMF and European lenders, amid criticism about the flaws in the relationship.
DUBLIN/ NEW YORK, June 14- Irish drug company Elan put itself up for sale on Friday, seeking to fend off a hostile bid by Royalty Pharma that shareholders will consider next week. "Elan Corporation... today announced that it is proceeding with a formal sale process in light of the expressions of interest received to date," the company said in a statement.
Sweden, Denmark and the Netherlands said EU Trade Commissioner Karel De Gucht needed to find a diplomatic solution with Beijing to avoid a tit-for-tat trade war, after Brussels imposed tariffs on Chinese solar panels and Beijing retaliated with an investigation into European wine.
*France trying to shield French culture from Hollywood. LUXEMBOURG, June 14- The European Union will try to overcome French resistance to free-trade talks with the United States on Friday and keep alive plans for a deal that could boost their struggling economies by dramatically increasing transatlantic business.
*Royalty wins relief to appeal Takeover Panel ruling. DUBLIN, June 13- Royalty Pharma won an Irish court injunction against a regulator on Thursday, allowing the U.S. company to appeal a ruling on conditions that threaten to scupper its hostile bid for Elan Corp.. However, this was change forbidden by the Irish Takeover Panel.
CNBC's David Faber reports 70 percent of Elan shareholders have voted on the four resolutions and have until 3pm today to change their vote.
BRUSSELS/ LONDON, June 13- Europe's leaders are talking tough about making companies pay more tax but they are expected to take only baby steps for fear of alienating big business during an economic slump.
WINNIPEG, Manitoba/ BRUSSELS, June 13- Salvaging a free-trade deal between Canada and the European Union after four years of talks will require skillful pasture politicking to pacify beef and dairy cow farmers who see more risk than opportunity.
LONDON, June 13- British lawmakers described Google's tax affairs as "contrived" in a report released on Thursday and called on the UK tax authority to vigorously investigate whether the company was acting within the law. From 2006 to 2011, Google generated $18 billion in revenues from Britain, according to statutory filings, and paid $16 million in taxes.
BRUSSELS, June 12- The European Union's chief justice official has written to the U.S. attorney general demanding an explanation for the collection of foreign nationals' data through its Prism spy programme.
DUBLIN, June 12- U.S.-based Royalty Pharma sought to have an appeal heard next week over conditions attached to its hostile bid for Irish drug firm Elan that threaten to scupper the $8 billion deal.
OTTAWA, June 12- Canadian Prime Minister Stephen Harper said on Wednesday his government would not be rushed into signing a free trade agreement with the European Union this week just to coincide with meetings he is holding with European leaders.
BRUSSELS, June 12- The European Union has readmitted Myanmar to a scheme allowing it to benefit from lower duties on exports, a further sign of the its rehabilitation following political reforms.