Indonesia’s Pertamina and Marubeni sign gas turbine deal with GE
JAKARTA (Reuters) – A consortium made up of Indonesia’s state energy firm PT Pertamina and Japan’s Marubeni Corp has signed a deal with General Electric for the U.S. firm to provide gas turbines for a $2 billion power plant in Java, Pertamina said.
UK to announce sale of Bradford & Bingley assets next week: Sky News
LONDON (Reuters) – Britain’s finance minister George Osborne will announce next week plans to sell 16 billion pounds ($23 billion) worth of bank assets which were rescued from Bradford & Bingley (B&B) during the financial crisis, Sky News said on Saturday.
China’s PBOC flags stimulus restraint but says policy should be flexible
BEIJING (Reuters) – China’s central bank won’t resort to excessive stimulus to bolster growth but will keep a flexible stance in the event of an economic shock – domestic or global, Governor Zhou Xiaochuan said while reiterating the authority’s prudent…
Exclusive: Apollo Global nears deal to acquire Fresh Market – sources
(Reuters) – Private equity firm Apollo Global Management LLC is nearing a deal to acquire Fresh Market Inc , a U.S. specialty grocery retailer, for more than $1.3 billion, people familiar with the matter said on Friday.
Exclusive: Energy Transfer has held talks to sell Sunoco – sources
(Reuters) – Energy Transfer Equity LP , the U.S. pipeline company that agreed to acquire Williams Companies Inc , has held talks to sell gas station and convenience store operator Sunoco LP , according to three people familiar with the matter.
AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit
WASHINGTON (Reuters) – At least three major U.S. companies, AT&T Inc , Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc , are seeking to complete deals in Cuba as President Barack Obama prepares to visit Havana, a person familiar with the discussions said on Friday.
As market rallies back, investors turn eyes to the Fed
NEW YORK (Reuters) – Investors who have pushed the U.S. stock market higher over the past month will be taking their cues about the pace of future interest-rate hikes next week from the Federal Reserve.
Special Report: The final days and deals of Aubrey McClendon
OKLAHOMA CITY (Reuters) – The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners. Among them: Vicente Fox, the former president of Mexico.
Credit Suisse to cut 163 jobs in New York
(Reuters) – Credit Suisse Group AG said it would lay off 163 employees at its New York office, as part of a restructuring plan under new Chief Executive Tidjane Thiam.
Valeant under pressure to beef up management as new board meets
NEW YORK (Reuters) – Drug company Valeant Pharmaceuticals Inc is under pressure from investors to introduce more transparency into its operations and expand its management ranks to regain credibility in the investment community, people familiar with th…
