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UPDATE 1-Google faces first EU fine in 2016 with no deal on cards -sources

*Google likely to face first EU sanction in 2016- sources. BRUSSELS, April 29- Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. Such a change of heart appears unlikely, with European Competition...

Source: Reuters

UPDATE 1-EU watchdog says clearing houses resilient, tougher daily checks needed

LONDON, April 29- Clearing houses for derivatives in the European Union must use tougher assumptions when checking their daily resilience to market shocks and defaults by members, the bloc's securities watchdog said on Friday. The European Securities and Markets Authority published the results of its first annual region-wide "stress test" that covered 17...

Source: Reuters

Ratings agency S&P sees UK staying in EU by small majority

LONDON, April 29- Ratings agency Standard& Poor's said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of leaving was a negative for the country's creditworthiness. S&P is the only major ratings agency to maintain a triple-A rating for Britain, but it has a negative outlook, implying a...

Source: Reuters

Brexit may push these countries towards EU exit

The U.K. is not be the only one mulling its future in the European Union. Denmark and the Czech Republic may face their own referendums on membership.

Source: CNBC.com

Google faces first EU fine in 2016 with no deal on cards -sources

*Google likely to face first EU sanction in 2016- sources. BRUSSELS, April 29- Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. Such a change of heart appears unlikely, with European Competition...

Source: Reuters

UPDATE 3-AB InBev to sell more SAB assets as seeks EU deal approval

AB InBev has already lined up Japan's Asahi Group Holdings to buy SABMiller's Grolsch, Peroni and Meantime brands for 2.55 billion euros, and said on Friday it had put up for sale SABMiller's business in Czech Republic, Hungary, Poland, Romania and Slovakia. AB InBev, maker of Budweiser and Stella Artois, has barely any business in eastern Europe outside Russia and...

Source: Reuters

Merkel says EU membership gives Britain economic strength

BERLIN, April 29- Remaining in the European Union will ensure that Britain remains a prosperous and economically successful country, German Chancellor Angela Merkel said on Friday, adding that a U.S.-EU free trade deal would also bring economic benefits. "One must realistically say which advantages membership of the European Union has and what advantages...

Source: Reuters

Germany proposes drastic change to benefits law for migrants

Germany is proposing a change to its unemployment benefits law so that EU migrants would only be able to access jobless benefits after five years.

Source: CNBC.com

Biogen, AbbVie multiple sclerosis drug wins EU green light

LONDON, April 29- A once-monthly injection for multiple sclerosis from Biogen and AbbVie has been recommended for approval by European regulators, paving the way for its launch in the coming months. The European Medicines Agency said on Friday its experts had endorsed Zinbryta, or daclizumab, for the treatment of relapsing forms of multiple sclerosis, adding a...

Source: Reuters

UPDATE 1-More EU banks may come under scope of global bail-in rules

LONDON, April 29- New rules requiring the world's biggest banks to issue bonds that can be used to bolster capital in a crisis may be extended to the next tier of banks in the European Union, a senior EU official said on Friday. The next tier down would be domestically systemic banks which could include Britain's biggest mortgage lender Lloyds Banking Group,...

Source: Reuters