U.S. Markets closed
  • S&P 500

    3,638.35
    +8.70 (+0.24%)
     
  • Dow 30

    29,910.37
    +37.87 (+0.13%)
     
  • Nasdaq

    12,205.85
    +111.45 (+0.92%)
     
  • Russell 2000

    1,855.27
    +10.25 (+0.56%)
     
  • Crude Oil

    45.52
    -0.01 (-0.02%)
     
  • Gold

    1,783.10
    +1.20 (+0.07%)
     
  • Silver

    22.77
    +0.14 (+0.60%)
     
  • EUR/USD

    1.1963
    +0.0050 (+0.4187%)
     
  • 10-Yr Bond

    0.8420
    -0.0360 (-4.10%)
     
  • Vix

    20.84
    -0.41 (-1.93%)
     
  • GBP/USD

    1.3326
    -0.0031 (-0.2305%)
     
  • USD/JPY

    104.0850
    -0.1650 (-0.1583%)
     
  • BTC-USD

    18,185.56
    +417.50 (+2.35%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • FTSE 100

    6,367.58
    +4.65 (+0.07%)
     
  • Nikkei 225

    26,644.71
    +107.41 (+0.40%)
     

PRESS DIGEST-British Business - Sept. 7

·2 min read

Sept 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- The Confederation of British Industry (CBI) is calling on ministers to create a state-backed infrastructure bank to channel private sector cash into transport, broadband, housing and green energy projects. https://bit.ly/2EY0dT4

- Visa Inc is being investigated by the European Commission over its rules on electronic money providers, after allegations that the giant payments group has behaved in an anti-competitive way. https://bit.ly/3ibYyaU

The Guardian

- Boris Johnson is drawing up legislation that will override the Brexit withdrawal agreement on Northern Ireland, a move that threatens the collapse of crunch talks which the prime minister has said must be completed within five weeks. https://bit.ly/2EWRu3z

- Frances O'Grady, head of the Trades Union Congress (TUC), has denounced a possible freezing of the national living wage as "totally wrong", as the Treasury reportedly considers backtracking on a planned pay rise for the lowest paid. https://bit.ly/35g2fbJ

The Telegraph

- British PM Boris Johnson will give the European Union just 38 days to strike a Brexit deal, warning that if there is no breakthrough by Oct. 15 Britain will accept a no deal scenario and "move on". https://bit.ly/35bpFil

- Private equity firms Apollo Global Management and Lone Star Funds have been preparing offers to buy Asda from U.S. giant Walmart Inc. Bids are due on Monday. https://bit.ly/3i5JScZ

Sky News

- The founder of Iceland Foods, Malcolm Walker, has bagged a discount of about 5 million pounds ($6.62 million) on his purchase of a 63.1% stake of the company from Brait SE. https://bit.ly/2R2ADhS ($1 = 0.7549 pounds) (Compiled by Bengaluru newsroom)