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The Swiss are now at a negative interest rate due to the Russian ruble collapse

The BriefYour world right now

5 hours ago

Unilever drops a lawsuit over eggless mayo.

  One of the world’s largest food companies previously sued Hampton Creek over its “Just Mayo,” an alternative to mayonnaise made from plants instead of eggs (paywall). Also on Thursday, three-year-old Hampton Creek received a further $90 million in backing, bringing its valuation to $500 million.
5 hours ago

American Apparel receives a buyout offer.

  Irving Place Capital first expressed interest a few weeks ago, and has since raised its offer to $1.30 to 1.40 per share (paywall). Share prices jumped 45% on the news to $1.
5 hours ago

A major tuna merger.

  Thai Union, the world’s largest producer of tinned tuna agreed to buy Bumble Foods, the US’s biggest tuna and sardine company for $1.51 billion. Thai Union has plans to expand its North American portfolio, and anticipates raising Bumblebee’s revenue by 25%.
December 18, 2014

The US says three top ISIL leaders have been killed in Iraq.

  General Martin Dempsey, the Pentagon’s top uniformed officer, told The Wall Street Journal (paywall) in an interview that the deaths of these “high-value targets” took place in recent weeks, in a push by coalition forces ahead of an offensive planned for 2015.
December 18, 2014

The Fed gave banks more time to comply with the Volcker Rule.

  Banks holding onto billions of dollars in private equity investments will get to hold onto them a little longer, the US Federal Reserve has said. Banks will now have until July 2017 to comply with the Volcker Rule, part of the Dodd-Frank Act reforms meant to curb risk-taking after the financial crisis. The extension was granted after banks warned that divesting quickly might have “potential disruptive effects” on markets.
December 18, 2014
Chart of the Moment

Bitcoin’s collapse is worse than the ruble’s

5 hours ago

Japan maintains its stimulus.

  The central bank will add 80 trillion yen ($672 billion) to the monetary base annually, in line with expectations. Falling oil prices are a real headache for the bank, as they risk lowering inflation, just as the BOJ is trying to stoke it.
5 hours ago

Brits are getting greener.

  The average person in the UK uses 10% less electricity than they did five years ago.

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