Press Digest: Financial Times - September 3
PRESS DIGEST-Financial Times - September 3 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Elliott builds stake in Deutsche Telekom and opposes T-Mobile US merger
- Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’
- Burnham seeks to protect UK farming and steel in EU reset talks
- JPMorgan curbed lending to Jane Street as trading firm muscled into bond market
Overview
- Activist hedge fund Elliott Management has built a sizeable stake in Deutsche Telekom DTEGn.DE, creating a further impediment to the German telecoms company’s efforts to merge with its American subsidiary T-Mobile US.
- The Dutch central bank has shifted more than 78 tonnes of gold from New York to London in a politically sensitive move, citing “increasing geopolitical unrest”.
- Britain's Prime Minister Andy Burnham has named steelmaking and farming as crucial British sectors he wants to protect as part of a new EU-UK deal, ahead of talks in London on Thursday with French President Emmanuel Macron.
- JPMorgan Chase JPM.N scaled back the financing it extended to Jane Street as the trading firm’s push into the bond market put it in direct competition with the Wall Street bank.
(Compiled by Bengaluru newsroom)
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