KKR, Bain among bidders for Tyco’s $1.6 billion South Korea unit: sources
HONG KONG (Reuters) – KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.
Mexico Senate committee energy bill debate stretches into Monday
MEXICO CITY (Reuters) – Mexican Senate committees on Sunday debated an energy bill that would open up the world’s 10th-biggest oil producer to private investment by allowing new types of contracts, marking the industry’s most dramatic overhaul in 75 ye…
In Beijing housing market, education drives location
BEIJING (Reuters) – Zhong Jian and his wife are willing to pay double the going rate for a tiny home in a Beijing neighbourhood so their 18-month-old daughter will be eligible to attend a top primary school nearby.
Mexican Senate committees debate revamped energy reform
MEXICO CITY (Reuters) – Mexican Senate committees on Sunday debated an energy bill that would open up the world’s 10th-biggest oil producer to private investment by allowing new types of contracts, marking the industry’s most dramatic overhaul in 75 ye…
Fearing the Fed, aching for the ECB
BRUSSELS (Reuters) – Investors are sorely missing clarity on the world economy as the year draws to a close, and neither European finance ministers nor a new U.S. central bank president are likely to provide it.
French finance minister hopeful EU bank union deal clinched before year-end
PARIS (Reuters) – France hopes a deal will be clinched on a European banking union before the end of 2013, the country’s Finance Minister Pierre Moscovici said on Sunday.
Ex-Barclays boss Diamond targets Africa for banking return
LONDON (Reuters) – Bob Diamond, the former boss of Barclays , is set to return to banking by listing a shell company in London in the next few weeks to invest in the African financial sector, a source familiar with the matter said.
After vote, lawsuits likely next hurdle for Volcker rule
WASHINGTON (Reuters) – When U.S. regulators adopt the Volcker rule on Tuesday, they will make good on a promise by politicians to rein in banks’ ability to gamble with their own money.
Iran president Rouhani targets stagflation in first budget
DUBAI (Reuters) – Iranian President Hassan Rouhani presented his first budget to parliament on Sunday, vowing to bring down inflation and boost growth to lift an economy reeling from sanctions and what he says was mismanagement by predecessor Mahmoud A…
Banks trim risk but fail to raise provisions ahead of EU review
LONDON (Reuters) – Most of Europe’s big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regul…
