European Commission

A daily summary of exchange related news.
The EC yesterday formally blocked the proposed merger between London Stock Exchange Group and Deutsche Boerse AG-Tender. This was expected. The EC is expected to publish a more detailed decision at a later date. London Stock Exchange Group also announced a £200 million buyback program.
Britain's plan to free Royal Bank of Scotland from an obligation to sell more than 300 branches risks a clash with the European Commission weeks before the government is due to start formal talks to leave the trading bloc.

The European Commission is considering penalizing Spain and Portugal for missing budget deficit reduction targets but is also likely to give them more time to bring their budget gaps within EU limi

Eleven countries face legal action if bail-in rules are not enacted with the goal of removing state responsibility when banks collapse. A trend of protecting governments over banks is rising.

After being flat in April, the U.S. Comex gold futures rose $10 to end at $1,192.50 on Tuesday.

Greece is back in the news and stuck between a rock and a hard place.
Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week.

Today’s AM fix was $1,161.00, 1,079.40 and GBP 770.41 per ounce.
Yesterday’s AM fix was $1,173.75, EUR 1,077.97 and GBP 776.86 per ounce.

European Union finance ministers agreed the details of a €315 billion ($338 billion) investment plan on Tuesday to help revive the European economy w