ANZ to sell loans worth $6.5 billion in dealer finance biz
SYDNEY (Reuters) – Australia and New Zealand Banking Group on Monday said it plans to sell its Esanda dealer finance business, which includes A$8.3 billion ($6.51 billion) in loans to motor vehicle dealers.
Exclusive: GM set to storm India as Korea costs climb
BEIJING/NEW DELHI (Reuters) – General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world’s third biggest with projected annual sales of 8 million vehicles by 2025.
Greece cites progress in talks with EU/IMF lenders, aims for May deal
ATHENS (Reuters) – Negotiations between Greece and its international lenders over reforms to unlock remaining bailout aid have made headway and
Buffett celebrates 50th year at Berkshire, faces tough questions
OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett’s 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone.
Executives close to Charter reach out to Time Warner Cable on merger: WSJ
(Reuters) – Top executives close to Charter Communications Inc have reached out to management at Time Warner Cable Inc to discuss a possible merger of the cable operators, the Wall Street Journal reported on Sunday.
Orascom, Bombardier to build $1.5 billion monorail in Egypt
CAIRO (Reuters) – Canada’s Bombardier Inc and Egypt’s Orascom Construction and Arab Contractors will build a $1.5 billion monorail near Cairo, Egypt’s housing minister said.
UBS and Credit Suisse could combine investment banks: investor
ZURICH (Reuters) – Swiss bank UBS could combine its investment banking arm with that of Credit Suisse to create a top player, Eric Knight, head of activist investor Knight Vinke, was quoted as saying in an interview with a Swiss paper on Sunday.
China’s Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore
HONG KONG (Reuters) – Fosun International Ltd , an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion.
McDonald’s faces ‘show me’ moment with new CEO strategy
LOS ANGELES (Reuters) – McDonald’s new Chief Executive Steve Easterbrook is set to unveil his plan on Monday to revive growth as the world’s largest hamburger chain struggles to win back consumers and investors.
Detroit automakers face speed bumps as sales growth slows
DETROIT (Reuters) – Detroit’s automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
