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Google loses fight against record €4.1 billion EU antitrust fine

By Foo Yun Chee and Sudip Kar-GuptaAlphabet's NASDAQ:GOOG Google on Thursday lost its fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech.The Europ…

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StocksUS
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ECB pushes back on calls for lower bank capital levels

The European Central Bank pushed back on industry calls for lower bank capital requirements on Thursday, arguing that the current requirements are needed for safety and do not constrain lending.The U.S. administration has been easing bank regulation for the past year, and European lenders have been…

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Economy
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CBOT corn may retrace toward $4.18-1/4

CBOT September corn (CU26) may retrace toward $4.18-1/4 per bushel, following its failure to break resistance at $4.24-3/4.The resistance is jointly established by a falling trendline and the 76.4% retracement of the downtrend from $4.30-1/2 to $4.06-1/4.The failure to break a trendline generally l…

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Futures
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IIFCL to issue near 5-year bonds, bankers say

India Infrastructure Finance Co (IIFCL.UL) plans to raise 20 billion rupees ($210.05 million), including a greenshoe option of 15 billion rupees through a sale of bonds maturing in four years and 11 months, three bankers said on Thursday.The company has invited coupon and commitment bids from banke…

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corp_bondStocksIN
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PJM issues maximum generation, load management alerts for July 2 across service areas

PJM, the largest U.S. electric grid operator, said on Thursday it had issued a maximum generation alert and a load management alert across its service area for July 2.A maximum generation alert asks transmission and generation owners to defer or cancel equipment maintenance or testing, while a load…

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UBS lowers Brent crude oil price forecasts

UBS on Thursday cut its Brent crude forecasts to $80 a barrel for end-September and end-December, citing the recent U.S.-Iran memorandum of understanding resulting in an increase in oil flows via the Strait of Hormuz.The bank also lowered its 2027 average Brent crude price forecast to $75 per barre…

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Futures