RBS unit may raise $3.5 billion in top U.S. bank IPO this year
(Reuters) – Citizens Financial Group Inc, the U.S. unit of Britain’s Royal Bank of Scotland , said its initial public offering was expected to raise as much as $3.5 billion, making it the biggest U.S. offering by a bank this year.
IMF’s Lagarde urges Germany to spend more, aid recovery
PARIS (Reuters) – International Monetary Fund (IMF) head Christine Lagarde urged Germany to increase investments to help spur the euro zone’s flagging economic recovery, adding that the bloc as a whole needed to make more structural reforms.
Carlyle raises $3.9 billion for private equity’s second biggest Asia fund
HONG KONG (Reuters) – Carlyle Group , one of the world’s largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.
Revised data show Japan second-quarter GDP shrank more than expected
TOKYO (Reuters) – Japan’s economy shrank an annualized 7.1 percent in April-June from the previous quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected.
Russia’s PM signals $40 billion state help for Rosneft possible: Vedomosti
MOSCOW (Reuters) – Russian Prime Minister Dmitry Medvedev said that the state oil champion Rosneft , in need of funds to service its huge debt, may receive 1.5 trillion roubles ($40.6 billion) from state coffers over time, Vedomosti newspaper said on M…
Air France says passenger traffic rose 3.1 percent in August
PARIS (Reuters) – Franco-Dutch airline Air France-KLM said on Monday that passenger traffic rose 3.1 percent in August, led by long-haul flights to Asia and the Americas.
Sharp considering sale of U.S. solar energy unit: Bloomberg
TOKYO (Reuters) – Sharp Corp is looking to sell its U.S.-based solar energy development unit Recurrent Energy, Bloomberg reported on Monday, as the Japanese firm winds down its involvement in the solar industry to focus on profitable businesses.
China’s August imports fall unexpectedly but exports buoyant
BEIJING (Reuters) – China’s import growth unexpectedly fell for the second consecutive month in August, posting its worst performance in over a year and stoking speculation about whether authorities should loosen policy further to revive domestic deman…
Doubts return at SandRidge a year after CEO ousted by investors
HOUSTON (Reuters) – In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.
Rakuten in talks to buy U.S. rebate firm Ebates; shares slide
TOKYO (Reuters) – Japan’s largest e-commerce firm Rakuten Inc said it was in talks to buy U.S. rebate site operator Ebates, a deal reportedly worth $950 million and the latest in a long line of overseas acquisitions.
