Italy in two minds about foreign investors
MILAN (Reuters) – Italy’s state investment firm is taking over one of the country’s top power companies to prevent yet another part of Italy Inc from falling into foreign hands.
U.S. firms urge Washington not to rush through landmark trade deal
NUSA DUA, Indonesia (Reuters) – U.S. multinationals have warned Washington not to compromise and weaken a landmark 12-nation Asia-Pacific free trade pact in order to complete the deal by the end of this year.
Apollo, Cooper disagree over $2.5 billion deal value as wrinkles emerge
MUMBAI (Reuters) – Apollo Tires’ $2.5 billion acquisition of Cooper Tire & Rubber Co has flared into a war of words as the two companies haggle over the price of the deal plagued by labor issues in the United States, where Cooper is based, and in China.
Fairholme opens hedge fund to institutional investors: WSJ
NEW YORK (Reuters) – Star manager Bruce Berkowitz’s Fairholme Capital Management LLC is opening up its nine-month-old hedge fund to institutional investors, The Wall Street Journal reported on Sunday.
Special Report: The education of China’s oil company
HONG KONG/SHANGHAI (Reuters) – Yang Hua was a rising star at Chinese oil giant CNOOC Ltd back in 2005. Then, the 44-year-old chief financial officer participated in one of corporate China’s biggest belly flops ever.
Airbus close to landmark jet order with Japan Airlines: sources
BARCELONA, Spain (Reuters) – Airbus appeared close on Monday to breaking into one of rival Boeing’s strategic markets with a multi-billion-dollar deal to sell jets to Japan, two sources familiar with the matter said.
Eight banks join chat network from Markit and Thomson Reuters
(Reuters) – Goldman Sachs Group Inc, JPMorgan Chase & Co and six other banks have agreed to join a new instant messaging network from Markit and Thomson Reuters Corp to connect disparate messaging systems.
Caution reins in Asia as U.S. shutdown drags on, dollar falls
TOKYO (Reuters) – Asian markets look set for a cautious start to the week on Monday, with U.S. stock futures and the dollar coming under pressure as politicians in Washington showed no signs of making progress over the weekend in resolving the U.S. bud…
U.S. hedge funds investing heavily in Greek banks: FT
(Reuters) – Hedge fund billionaire John Paulson’s Paulson & Co and a number of other U.S. hedge funds are investing aggressively into Greece’s struggling banking sector expecting it to turn a corner, the Financial Times reported on Sunday.
Equity futures drop after weekend without move on U.S. finances
(Reuters) – US S&P 500 E-mini futures dropped Sunday evening, suggesting a weak open for U.S. stocks on Monday, after a weekend where little progress was seen in either resolving the budget dispute or raising the debt ceiling.
