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(MENAFN - AFP) The European Central Bank is unlikely to make new policy moves at its monthly meeting on Thursday, focusing instead on assessing the impact of last month's unprecedented package of measures.After cutting rates last month and unveiling new liquidity measures in its battle to prevent the single currency area from slipping into deflation, the ECB will "sit ...

 

(MENAFN - AFP) British authorities said Wednesday they will investigate Facebook over an experiment which manipulated the feelings of users, as the social network apologised for its poor handling of the row.Facebook clandestinely altered the emotional content of news feeds of nearly 700,000 users for one week in 2012 without their knowledge, in order to test whether it ...

 

(MENAFN - AFP) One day after its chief executive Jamie Dimon revealed a cancer diagnosis, JPMorgan Chase Wednesday sought to reassure shareholders that it has a succession plan in place.Shares of the biggest US bank by assets fell 1.1 percent to $56.96 in midday trade following the disclosure late Tuesday that Dimon expects approximately eight weeks of radiation and chemotherapy ...

 

(MENAFN - AFP) Hedge funds backed by a US court in their demands for $1.3 billion from Argentina challenged the country's economy minister Wednesday to enter talks with them this week.NML Capital, one of two funds which sued Argentina for payment on defaulted bonds they hold, said Economy Minister Axel Kicillof should open talks with them during his trip to the United ...

 

(MENAFN - AFP) Facebook on Wednesday announced a deal to buy online video advertising technology company LiveRail.The companies did not disclose how much Facebook is paying for seven-year-old LiveRail."What LiveRail ultimately offers is a complete advertising solution for video publishers," Facebook vice president of ads product marketing Brian Boland said in a blog ...

 

(MENAFN - AFP) The Dow and S&P 500 edged to new records Wednesday ahead the official US jobs data for June, with the outlook buoyed by a strong ADP private sector reportThe Dow Jones Industrial Average gained 20.17 points (0.12 percent) to 16,976.24, while the broad-based S&P 500 added 1.30 (0.07 percent) at 1,974.62. Both notched records for the second day in ...

 

(MENAFN - AFP) US authorities plan to bolster security at some airports in Europe and the Middle East with direct flights to the United States, officials said Wednesday.Amid concern that terror groups are developing new explosives to circumvent airport security, US Homeland Security Secretary Jeh Johnson announced unspecified steps that would be carried out in "coming ...

 

(MENAFN - AFP) After French giant BNP Paribas, other big European banks like Credit Agricole, Deutsche Bank and UniCredit may be in the cross-hairs of US authorities for sanctions-busting.US authorities on Monday slammed BNP, France's largest bank, with a record $8.9 billion in penalties for violating US economic sanctions against Iran, Sudan and other countries and pleaded ...

 

(MENAFN - AFP) The European Commission paved the way Wednesday for the creation of Germany's biggest mobile company when it cleared the acquisition of E-plus in Germany, a unit of Dutch KPN, by Telefonica of Spain.The deal, although subject to conditions, marks a key development in the consolidation of the crowded and deeply fragmented European telecom market."The ...

 

(MENAFN - AFP) The European Commission on Wednesday approved the acquisition by telecom giant Vodafone of Spanish cable firm Ono judging that the transaction posed little threat to competition.In a statement, the commission said the companies' activities were "largely complementary" with ONO's main activity related to fixed line telecommunication services "whereas Vodafone ...

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