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The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Oct 19 (Reuters) - Hitachi (6501.T) is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales' (TCFP.PA) GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.Hitachi submitted its offer to sell its mainline signalling business in France and Germany to the European Commission last...

TORONTO, Oct 7 (Reuters) - The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets.In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked into sub 2% fixed-rate mortgages five years back are preparing for renewal letters with a steep rise in interest rates, made worse by the bonds...

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Oct 2 (Reuters) - Austrian energy drinks maker Red Bull has lost its bid to get Europe's second highest court to suspend an EU antitrust decision that underpinned a raid on the company for alleged anti-competitive practices.The European Commission raided the company in March on concerns that it may have violated EU antitrust rules against cartels and abuse of a dominant position.Red Bull subsequently challenged the raid...

BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals.The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it.Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus...

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Sept 18 (Reuters) - Hitachi (6501.T) has offered to sell assets in France and Germany in a bid to address EU antitrust concerns about its proposed 1.7 billion-euro ($1.8 billion) buy of Thales' (TCFP.PA) GTS railway signalling business, a Hitachi spokesperson said on Monday.The Japanese conglomerate submitted its remedy offer last week to the European Commission, which is expected to seek feedback from Hitachi customers and rivals before...

Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/Stringer Acquire Licensing RightsMADRID, Sept 17 (Reuters) - The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said.The document, obtained by Reuters, will be the basis of discussions on Europe's economic security during a...

Brochures are seen at a branch of Axis Bank in Mumbai, India, January 22, 2018. REUTERS/Danish Siddiqui/File photo Acquire Licensing RightsNEW DELHI, Sept 15 (Reuters) - The co-CEO of Axis Bank's (AXBK.NS) investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday.The investment bank will likely tap an outside candidate for Negandhi's role, two sources with direct knowledge of the matter told Reuters.Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo.Negandhi...

Sept 14 (Reuters) - Shares in SoftBank's Arm Holdings (ARM.O) soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO).The stock, which had opened at $56.10, notched a 24.68% gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public markets following a seven-year absence. The IPO had priced at $51.Arm's strong performance suggests that investor demand for initial public offerings, which had been hit hard...