EU watchdog wants to charge foreign clearing houses
LONDON (Reuters) – The European Union’s markets watchdog wants to charge foreign clearing houses seeking to cash in on new derivatives rules being introduced across the 28-country bloc, an EU document showed on Saturday.
Metro CEO says Kaufhof doing well, still wants to sell: report
FRANKFURT (Reuters) – German department store chain Kaufhof is doing well but its owner Metro wants to sell it, the group’s chief executive Olaf Koch told WirtschaftsWoche magazine.
Dubai’s Majid Al Futtaim says to wait for stability in Egypt, Syria before investing
ABU DHABI (Reuters) – Dubai’s Majid Al Futtaim Holding (MAF), the sole franchisee of hypermarket chain Carrefour in the Middle East, will not pursue investments in Egypt and Syria until stability returns to the two countries, a senior company official …
Analysis: Shutdown, default threat elevates appeal of U.S. Treasuries
NEW YORK (Reuters) – Government shutdown. Federal default. These looming political threats to the U.S. economy might scare investors to buy more U.S. Treasuries in the coming days as they seek a shelter for their cash.
Polish banks should be smart in buying foreign-owned rivals: central bank
WARSAW (Reuters) – Polish central bank governor Marek Belka said the country’s banks should look for opportunities and attempt to buy local rivals owned by foreign lenders in a smart and intelligent way.
ANZ, Singapore’s UOB eye Hong Kong’s Wing Hang Bank: sources
HONG KONG (Reuters) – Singapore’s United Overseas Bank Ltd and Australia & New Zealand Banking Group Ltd are considering a bid for Hong Kong’s Wing Hang Bank Ltd, according to people familiar with the matter.
Brazil oil company OGX gets six-month delay in debt payment
RIO DE JANEIRO (Reuters) – Brazilian oil company OGX Petróleo e Gás SA won a six-month delay in a debt payment that will reduce the risk of default by the firm controlled by Brazilian tycoon Eike Batista, according to securities filings on Friday.
Penney stock plunges on share sale, lower cash forecast
(Reuters) – J.C. Penney Co Inc’s decision to shore up its cash reserves by issuing almost $1 billion in new shares sent its stock tumbling more than 13 percent Friday.
Samsung addresses EU concerns in antitrust probe
NEW YORK (Reuters) – Samsung Electronics Co on Friday offered remedies that may settle a European Union probe over whether it breached antitrust rules through its use of patent lawsuits against rival Apple Inc.
Investors bet on last-minute deal to end fiscal showdown
NEW YORK (Reuters) – With a possible U.S. government shutdown days away, Wall Street still hasn’t come down with a critical case of fiscal fever despite forecasts that failure to resolve the federal budget standoff could be catastrophic.
