UBS, CS may have to set aside $68 billion: report
ZURICH (Reuters) - Swiss authorities could require UBS and Credit Suisse to set aside an additional 70 billion Swiss francs ($68.29 billion) in capital, a newspaper reported on Sunday, citing lawmakers.
Credit:
UBS, CS may have to set aside $68 billion: report
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Alitalia to get 700-800 mln euros: report
MILAN (Reuters) - Alitalia will receive a
capital injection of 700 million to 800 million euros from
Italian businessmen as part of a plan to save the ailing
carrier, newspaper Corriere della Sera reported on Sunday.
View post:Alitalia to get 700-800 mln euros: report
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Global finance regulation “found wanting”: UK’s FSA
AIX-EN-PROVENCE, France (Reuters) - Weaknesses in the regulation of the global financial system have been revealed during the recent credit crunch, the chairman of Britain’s Financial Services Authority said on Sunday.
Read the rest here: Global finance regulation “found wanting”: UK’s FSA
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Hyundai cuts, Kia lifts domestic sales target
SEOUL (Reuters) - Hyundai Motor Co , South Korea’s top auto maker, said on Sunday it had cut its local sales target for this year by 6 percent as record-breaking oil prices are hitting consumer sentiment in Asia’s fourth-largest economy.
Here is the original post: Hyundai cuts, Kia lifts domestic sales target
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BP sues Russian partners in TNK-BP
MOSCOW (Reuters) - Oil major BP said on Saturday it is suing its partners in the Russian venture TNK-BP in London for 8.4 billion roubles ($357.3 million), money it believes should not have been paid out as back-tax claims in Russia.
Originally posted here: BP sues Russian partners in TNK-BP
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Auto sector’s woes could spur deals: Renault
AIX-EN-PROVENCE, France (Reuters) - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.
More here: Auto sector’s woes could spur deals: Renault
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Renault CEO says sees scope for sector consolidation
AIX-EN-PROVENCE, France (Reuters) - The head of French carmaker Renault reiterated on Saturday that there was scope for consolidation within the global automotive sector.
Renault CEO says sees scope for sector consolidation
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Hyundai union calls for work stoppage next week
SEOUL (Reuters) - Unionized employees of Hyundai Motor Co will walk off the job for four hours next week to push for a pay increase, the auto maker’s union said on Saturday.
Source:Hyundai union calls for work stoppage next week
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EU opens in-depth investigation of Rio-BHP deal
BRUSSELS (Reuters) - The European Commission opened an in-depth investigation on Friday into BHP Billiton’s $170 billion unsolicited bid for rival miner Rio Tinto , with prices of iron ore already soaring.
Excerpted from:EU opens in-depth investigation of Rio-BHP deal
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BCE buyers finalize funding for $34 billion buyout
TORONTO (Reuters) - The buyers of telecoms company BCE Inc are sticking to the agreed C$34.8-billion ($34.1 billion) purchase price and have finalized the funding for the deal to go ahead, the company said on Friday.
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Tax credit to save UBS from hefty loss
ZURICH (Reuters) - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price.
View original post here: Tax credit to save UBS from hefty loss
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BHP last to sign iron ore price pact with Baosteel
SYDNEY/HONG KONG (Reuters) - BHP Billiton Ltd/Plc has matched takeover target Rio Tinto Ltd/Plc with a near doubling in contract iron ore prices, ending months of talks and speculation it may get more.
See the rest here: BHP last to sign iron ore price pact with Baosteel
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European banks need to raise up to $141 billion: Goldman
(Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent — a level achieved by European banks that have recapitalized recently.
The rest is here: […]
European banks need to raise 60-90 billion euros: Goldman
(Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent — a level achieved by European banks that have recapitalized recently.
View original post here: European banks need to […]
Infineon shares up over 5 percent on takeover talk
FRANKFURT (Reuters) - Shares in German chipmaker Infineon rose more than 5 percent on Friday, with traders citing unspecified takeover rumors.
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