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December, 4, 2016

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Business > Europe
The Bank of England revised up its near-term growth forecasts for the British economy Thursday as it opted against another interest rate reduction in the wake of the country's decision to leave the European Union.
 
Italy's stock exchange watchdog has fined Antonio Belloni, managing director of French luxury group LVMH, 350,000 euros (US$389,000) for divulging confidential information about an upcoming acquisition, it announced Wednesday.
 
Chip maker Broadcom on Wednesday announced a US$5.9 billion deal to buy computer network company Brocade Communications Systems as consolidation continued in the semiconductor industry.
 
Walt Disney Studios is celebrating its biggest ever year at the global box office after posting US$5.9 billion in ticket sales during the first 10 months of 2016.
 
Ford's U.S. sales fell 12 percent in October, a steeper-than-expected drop that lowered the overall industry's sales.
 
Media-entertainment group 21st Century Fox said Wednesday profits in the past quarter rose with its Fox News Channel helped by a busy U.S. election campaign.
 
Uber on Wednesday began rolling out an overhauled smartphone application that uses artificial intelligence in a bid to speed up and improve the ride-sharing experience.
 
The European Central Bank's easy-money policy has let eurozone governments delay key reforms, a German expert panel said Wednesday, urging the Frankfurt institution to ease off the massive stimulus spending.
 
GM crops protest
An activist wearing a mask of German Environment Minister Barbara Hendricks takes part in a protest against genetically-modified crops during a protest in front of the chancellery in Berlin on Wednesday, Nov. 2.
 
A panel of economic advisers to the German government forecast Wednesday that the country's economy will grow by 1.9 percent this year, and 1.3 percent in 2017 -- a slightly slower rate for next year than previously forecast.
 
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