Investment News
FRANKFURT (Reuters) - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
LONDON (Reuters) - British retailer JJB Sports is considering an equity fundraising as one of a number of ways to provide extra capital, it said on Saturday.
FRANKFURT (Reuters) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivalling investment plans by Qatar, German magazine Focus reported on Saturday.
LONDON (Reuters) - The Bank of England looks certain to keep interest rates at a record low of 0.5 percent next Thursday as it continues to try to lift the economy out of recession, so most attention will focus on whether it expands its quantitative easing target.
GLASGOW (Reuters) - Tesco, Britain's largest retailer, narrowly survived a big investor protest over changes to its management share option plan and more comfortably saw off complaints it should do more to help migrant workers.
BEIJING (Reuters) - China's massive economic stimulus plan has launched some projects that are wasteful, possibly making it hard for investors involved to repay bank loans, China's central bank chief said on Saturday.
LONDON (Reuters) - Debt-troubled heating products maker Baxi said on Friday it had agreed to merge with Dutch rival De Dietrich Remeha to boost its capital position and create one of Europe's biggest heating products companies.
LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorised trades earlier this week which landed the firm with a loss of nearly $10 million (6.1 million pounds).
BERLIN (Reuters) - Germany will consider other measures to supply its economy with credit if its "bad bank" plan proves insufficient, Finance Minister Peer Steinbrueck told a German weekly.
NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion (4.3 billion pound) fraud at the Texas-based investment company.
LONDON (Reuters) - Buyout firms are eyeing minority stakes in publicly listed companies as sparse credit conditions prompt them to look for deals requiring no leverage -- although they still want private-equity style returns.
LONDON (Reuters) - Hedge funds and other investors have increased short positions in debt-laden Mitchells & Butlers, Pennon Group and British Airways in recent weeks, research from Dataexplorers indicates.
LONDON (Reuters) - The new chief executive of Royal Dutch Shell faces the tallest order in European business -- to make his company the continent's top earner this year, next year, and well into the next decade.
LONDON/FRANKFURT (Reuters) - Consolidation within the crowded British mobile market is desperately needed but any acquirer runs the risk of overpaying and watching the benefits be shared among its rivals.
BASSETERRE, St. Kitts (Reuters) - The Caribbean's small island states ride out hurricanes year after year, but they are fighting to stay afloat in a global economic storm that is battering rich and poor nations alike.
LONDON (Reuters) - Sterling is seen holding around its current 8-month highs against the dollar over the coming year as the British economy eventually emerges from a deep recession, a Reuters poll showed.
MADRID (Reuters) - Spain's fiscal austerity drive is being met with scepticism by economists, who fear it will be unable to cut spending as it struggles with potential bank bailout costs and a persistent recession.
LONDON (Reuters) - Iraq's first auction of contracts to develop its oil fields since the U.S.-led invasion was not the bonanza for the oil industry that executives hoped, and has tempered eagerness to participate in future bid rounds.
NEW YORK (Reuters) - The 150-year sentence meted out to Bernard Madoff surprised some legal experts, who say it far exceeds the punishments handed down to other big-time corporate scoundrels and may not send the intended message to other would-be crooks.
STAMBOLIYSKI, Bulgaria (Reuters) - For Gergana Gecheva, laid off when Bulgaria's biggest paper mill closed in her hometown this month, the situation is clear: "This town is dying," she says. "Change has to start from the top."
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