Wednesday, 29 March 2017

Reuters Before the Bell: March 29, 2017

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Wednesday, March 29, 2017
Firms stack up Brexit warnings as May triggers divorce talks
LONDON (Reuters) - Ford and Ryanair warned on Wednesday of the risks of Brexit including disruption to flights and tariffs on cars which could hurt Britain and damage businesses, on the day the prime minister was launching divorce proceedings from the EU.
European Banking Federation wants clarity, certainty for banks during Brexit talks
BRUSSELS (Reuters) - The European Banking Federation wants European Union and British negotiators to provide clarity on the terms of Britain's exit from the EU, after London triggered the process on Wednesday, so that banks can continue to finance the economy.
BMW says UK must take global business views into account during Brexit
LONDON (Reuters) - German carmaker BMW , which operates Mini and Rolls-Royce plants in Britain, said the country must listen to the views of global companies during Brexit talks, with continued tariff-free access to Europe of crucial importance.
EU vetos Deutsche Boerse-London Stock Exchange merger deal
BRUSSELS (Reuters) - An attempted merger between the German and British stock exchanges was struck down by European regulators on Wednesday, formally ending a deal that unraveled in the wake of Britain's vote to leave the European Union.
VW files complaint at Munich court against dieselgate firm searches
BERLIN (Reuters) - Volkswagen has filed a legal complaint with a Munich court against the searches carried out by German prosecutors against the law firm it hired to investigate its emissions scandal, a spokesman said.
Factbox: British business navigates rocky path to Brexit
LONDON (Reuters) - British businesses have endured a roller coaster ride since the vote to leave the European Union, with some ramping up their investment in the country and others pulling market flotations and ditching takeover deals.
EU rapid drug approval plan worries some national agencies
FRANKFURT (Reuters) - A push by the European Medicines Agency to speed up the approval of new drugs that show promise is running into resistance from some of the national agencies that will ultimately decide whether the medicines are worth buying.
After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy
TOKYO (Reuters) - Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future.
Daimler accelerates electric car program
BERLIN (Reuters) - Mercedes-Benz owner Daimler is accelerating its electric car program, it said on Wednesday after announcing that it had failed to cut fleet emissions in Europe for the first time since 2007.
Ford warns Brexit deal must include tariff-free access to customs union
LONDON (Reuters) - U.S. carmaker Ford said on Wednesday that Britain must secure a Brexit deal which includes full tariff-free access to the entire customs union of European countries, not just the 27 other members of the European Union.
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