Blackwater founder’s FSG buys stake in Chinese security school
BEIJING (Reuters) – Hong Kong-listed Frontier Services Group (FSG), co-founded by former U.S. military services contractor Erik Prince, said it had acquired 25 percent of a Chinese security training facility, the company’s latest move to tap into China…
Novartis has assets to sell, investors wary of what it might buy
ZURICH (Reuters) – As Novartis considers asset sales that could raise $50 billion, investors are worried any cash raised may give the Swiss drugmaker firepower for another unsuccessful megadeal.
BA flights restored but questions remain after weekend IT meltdown
LONDON (Reuters) – British Airways flights were back in the skies on Tuesday but the company faced increasing pressure over its response to the huge IT failure that left 75,000 passengers stranded over a holiday weekend and dealt a major blow to its re…
LSE to buy Citi’s bond data and indexes business for $685 million
(Reuters) – London Stock Exchange (LSE) is to buy Citigroup’s Yield Book fixed-income analytics service and its related indexing business for $685 million in cash, the LSE’s first big deal since its merger with Deutsche Boerse fell through in March…
Singapore fines Credit Suisse, UOB over 1MDB-linked dealings, wraps up review
SINGAPORE/ZURICH (Reuters) – Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB) a total of S$1.6 million ($1.2 million) for breaching anti-money laundering rules in transactions related to Malaysia’s scandal-ridden state fu…
Europe feels the heat as political temperatures rise
LONDON (Reuters) – European shares fell for a fourth day running on Tuesday and the euro was battling to avoid a similar fate, as the prospect of early Italian elections and Greece’s ongoing struggles nudged up the political temperature gauge again.
Oil prices slide on worries Libya output will feed glut
NEW YORK (Reuters) – Oil prices fell about 1 percent on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices fo…
Dollar, yen gain as European political nerves weigh
LONDON (Reuters) – A new round of political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, the resulting bleaker mood on stock markets also pushing the yen broadly higher.
New Russian jet heralds carbon manufacturing shake-up
PARIS (Reuters) – Russia’s new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future…
Monte dei Paschi says in exclusive talks over bad loan sale
MILAN (Reuters) – Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state.
