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A new wave of deal making will continue despite a slowdown in merger and acquisition-related activity in June, UBS said on Wednesday, adding investors should be sanguine about the weakness in the second quarter and simply acknowledge that there will be dips in what it says are still strong figures.
European authorities need urgently to increase the size of resources available to indebted European countries faced with liquidity problems if they want to avert disaster, Willem Buiter, Chief Economist at Citi told CNBC on Tuesday.
News Corporation’s contentious proposed takeover of BSkyB is “all but dead” following the phone hacking scandal that hit the Murdoch-owned group’s British unit News International (NI), Alex DeGroote, analyst at Panmure Gordon said on Monday, as the deal comes under intense scrutiny from regulators.
European leaders arriving for a summit in Brussels on Thursday reinforced calls for Greece to push ahead with austerity measures in return for further financial aid and called on the country to stand united as opposition to the measures grows.
Financial markets should brace themselves for a restructuring of Greek debt in September, Barry Eichengreen, Professor of Economics at the University of California, Berkeley said on Thursday.
As a two-day meeting of EU leaders gets underway in Brussels on Thursday, analysts expect the summit to provide temporary relief for financial markets with leaders present a united front and insisting they will continue to support Greece, but not much more.
One year after Belgians went to the polls to elect a new government, the suggestion that Belgium is boring has taken on new meaning. Failed coalition talks and political deadlock have become synonymous with the country, and an end to the deadlock looks further away than ever.
Private debtholders, including euro zone banks, should accept a debt extension or other form of "soft default" to alleviate the debt burden for countries such as Greece if Europe wants a solution to the sovereign debt crisis, Bill Gross, Co-CIO of PIMCO told CNBC on Tuesday.
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