The British Chancellor is expected to lay out plans for privatizing Royal Bank of Scotland next week, people familiar with the situation told the FT.
Canadian retailer Hudson's Bay has made an indicative offer for Metro's department store chain Kaufhof, two people told Reuters.
German chancellor Angela Merkel on Monday night hosted an emergency summit in Berlin over the Greek crisis to thrash out differences and reach a deal.
Three tobacco firms said they would appeal a Canadian court ruling that awarded more than $11 billion in damages to smokers in class action cases.
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Jamie Davies, head of pharmaceuticals, healthcare and medical devices at BMI Research, says it's important to keep an eye on pharma companies that are de-diversifying and removing non-core assets.
Mark Phelps, CIO of concentrated global equities at Alliance Bernstein, tells CNBC that there are companies like Accor which have a solid base for recovery.
Richard Koo, chief economist at Nomura Research Institute, says the private sector in US and Europe may experience a trauma-driven aversion to borrowing in the wake of stringent deleveraging requirements.