Business Today: Bonds, stocks brush off Eurosceptic election gains

	Click to View in Browser 05/26/2014 Bonds, stocks brush off Eurosceptic election gains LONDON (Reuters) - Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece. Pfizer walks away from $118 billion AstraZeneca takeover fight LONDON/NEW YORK (Reuters) - Pfizer abandoned its attempt to buy AstraZeneca for nearly 70 billion pounds ($118 billion) on Monday as a deadline approached without a last-minute change of heart by the British drugmaker. Pork DNA found in two chocolate products of Cadbury Malaysia: report (Reuters) - Chocolate maker Cadbury Malaysia, a part of Mondelez International Inc , on Monday recalled two chocolate products after they tested positive for traces of pork DNA, the Nikkei Asian Review website reported. Exclusive hedge funds crack open door to Main Street LAS VEGAS (Reuters) - As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors. China's state-owned sector told to cut ties with U.S. consulting firms (Reuters) - China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday. Prawns replace abalone as China property developers go down-market HONG KONG (Reuters) - The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai's Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending. BOJ's Sato proposed highlighting risks on price target: minutes TOKYO (Reuters) - Bank of Japan board member Takehiro Sato proposed changing the central bank's assessment of prices to say that risks are tilted somewhat to the downside, highlighting skepticism within the board that Japan would be able to decisively beat off deflation in a year's time. IMF's Lagarde calls for closer cooperation among central banks SINTRA, Portugal (Reuters) - Christine Lagarde, managing director of the International Monetary Fund, called on Sunday for closer cooperation among the world's central banks to cope with the challenges of increasingly interlinked and complex financial systems. Credit Suisse chief executive says no plans to quit: paper ZURICH (Reuters) - Credit Suisse's Chief Executive Brady Dougan told a Swiss Sunday newspaper he has no plans to step down and his bank would not need a capital increase despite a $2.5 billion deal with U.S. authorities over a tax dispute. Sony, Shanghai Oriental Pearl to set up China PlayStation JVs BEIJING (Reuters) - Japan's Sony Corp and China's Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. Related Video Will Chocolate King sweeten Ukraine? How much damage have Eurosceptics done? Economic News EU election casts shadow over euro zone as ECB meeting approaches China cuts bureaucracy for investment A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend