Telecom Italia board unlikely to meet on Brazil before Christmas
ROME (Reuters) – The board of Telecom Italia will unlikely meet before Christmas to discuss options in Brazil, its chairman said on Tuesday, as the Italian phone group is examining a possible tie-up with Brazilian telecoms operator Oi .
Standard Chartered may appoint new banking advisers
LONDON (Reuters) – Standard Chartered said it is considering replacing its banking advisers, UBS and JPMorgan, and has invited rival investment banks to pitch for the potentially lucrative business.
Repsol seeks partners for $4 billion Canadian LNG export plant: sources
MADRID (Reuters) – Spanish oil company Repsol is seeking partners to invest $4 billion to export natural gas from North America to Europe, which is looking to cut its dependence on supplies from Russia, two sources familiar with the matter said.
Euro zone producer prices fall at sharpest rate in a year
BRUSSELS (Reuters) – Euro zone factory prices fell at their sharpest monthly rate in a year in October as the cost of energy and non-durable goods such as food dropped sharply, putting pressure on the European Central Bank to do more to lift the bloc’s…
Islamic banks grow but may miss out on global footprint: study
(Reuters) – Islamic banking is growing faster than its conventional counterpart but is focused in a few core markets and risks missing an opportunity to build a global footprint, the EY consultancy said in a report on Tuesday.
Alibaba, Tencent chairmen invest in China’s Ping An Insurance
BEIJING (Reuters) – The founders of Alibaba Group Holding Ltd and Tencent Holdings Ltd were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd in a HK$36.5 billion ($4.7 billion) deal on Sunday, in one of th…
Apple heads to trial over digital music claims
OAKLAND, Calif. (Reuters) – Apple Inc will defend against allegations that it abused a monopoly position in the digital music player market as it heads to trial in a case that could cost the company about $1 billion if it loses.
Deutsche Bank eyes Arrowgrass stake sale to Foundation: paper
FRANKFURT (Reuters) – Deutsche Bank is negotiating the sale of its stake in London hedge fund Arrowgrass Capital Partners to private equity firm Foundation Capital Partners, the Wall Street Journal reported on Tuesday.
S&P doubts Japan government will have detailed fiscal consolidation plan
TOKYO (Reuters) – Standard & Poor’s on Tuesday cast doubt on Prime Minister Shinzo Abe’s ability to repair Japan’s tattered finances less than two weeks away from a snap election, after Moody’s downgraded the country’s sovereign debt rating.
Australia probes bitcoin crime links as currency craves legitimacy
SYDNEY (Reuters) – A top Australian law enforcement agency is investigating bitcoin’s role in organized crime, a senior official said, just as politicians and financial regulators embrace the digital currency as a legitimate part of modern business.
