China September industrial profits up 18.4 percent year-on-year
SHANGHAI (Reuters) – Profits earned by Chinese industrial firms rose 18.4 percent to 558.9 billion yuan ($91.9 billion) in September from a year earlier, slower than the annual growth of 24.2 percent in August, the National Bureau of Statistics said on…
Exclusive: Aiming to avoid Facebook chaos, NYSE runs Twitter IPO test
NEW YORK (Reuters) – The New York Stock Exchange on Saturday did a test run of Twitter’s highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook’s initial public offering on rival Nasdaq.
Review of Britain’s RBS to call for internal ‘bad bank’, not breakup: Sky
LONDON (Reuters) – A government-commissioned review into Britain’s largely state-owned Royal Bank of Scotland will call for the creation of an internal “bad bank” to house its problem loans, stopping short of breaking up the bank, Sky News reported on …
Libya says U.S. firm Marathon to stay, eyes Algeria gas deal
TRIPOLI (Reuters) – U.S. firm Marathon Oil will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil Minister Abdelbari Arusi said on Saturday.
Air France CFO sent letter of complaint to Alitalia: newspaper
MILAN (Reuters) – Air France CFO Philippe Calavia complained in a letter to Alitalia that the Italian carrier had failed to inform its French partner properly about key meetings aimed at approving a much-needed capital hike, an Italian newspaper said.
Airbus executive says time for Germany to pay A350 loan in full
BERLIN (Reuters) – Germany should pay the remaining 600 million euros of a disputed development loan for Airbus’s A350 passenger plane now the aircraft maker has allocated work to German employees, an Airbus executive said.
China’s Huishang Bank sets price range for up to $1.3 billion Hong Kong IPO: source
HONG KONG (Reuters) – Huishang Bank Corp Ltd plans to launch its Hong Kong IPO next week, seeking to raise up to $1.3 billion to bolster its balance sheet after years of steep growth in lending, in the biggest listing of a financial firm in the city in…
Tesla eyes annual sales of 10,000 cars in Germany: CEO in paper
FRANKFURT (Reuters) – Electric car maker Tesla Motors is aiming to sell around 10,000 cars a year in Germany by 2015 as it builds out its networks of charging stations, its chief executive told a German paper.
Blackberry not a strategic fit for us: SAP CFO in magazine
FRANKFURT (Reuters) – German business software group SAP is not interested in bidding for troubled smart phone maker Blackberry, its chief financial officer told a German magazine.
Mitsubishi Motors plans $2 billion share offer as early as Jan -sources
TOKYO (Reuters) – Mitsubishi Motors Corp plans to raise around $2 billion in a public share offering as early as January to pay back top shareholders for a 2004 bailout that enabled its decade-long turnaround, sources familiar with the matter said on S…
