George Hay coordinates European financial coverage and writes about macroeconomics, the euro zone and UK/European financial policy. He covered European banks for Breakingviews during the financial crisis, and has also worked as a correspondent for AFX News and at United Business Media. He attended Edinburgh University and his work has been recognised at the UK’s Business Journalist of the Year Awards. Follow George on Twitter @gfhay
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Tougher U.S. laws on tax inversions are one reason why Dutch fertiliser group OCI’s merger with CF Industries is off. But with supply outstripping demand, fertiliser prices are also falling. That’s delaying the price hikes that should come from rising populations.
European lenders seem reluctant to follow U.S. Secretary of State John Kerry’s entreaties to do business in the republic. An avalanche of legal and practical banana skins hint at why. These could be surmountable - if bank bosses believe their systems are up to the job.
The Dutch insurer saw its capital position fall after changes to its hedging strategy led to a 50 pct year-on-year fall in earnings. New solvency rules mean capital ratios will move about more. That’s not great when markets are volatile too.
- UK's own corruption safeguards less than fantastic
- UniCredit’s least-bad option: sell more assets
- Who's London's next mayor? It doesn't matter
- LSE investors look even more bearish on merger
- Credit Suisse sheds problem assets but not stigma
- BNP keeps capital catch-up plan on track - just
- Leicester City upends "size is everything" mantra