Chinese firm under U.S. sanctions wins Turkish missile deal
ISTANBUL (Reuters) – NATO member Turkey has chosen a Chinese defense firm hit by U.S. sanctions to co-produce a $4 billion long-range air and missile defense system, rejecting rival bids from Russian, U.S. and European firms.
China to allow banks to sell $49 billion of asset-backed securities: sources
BEIJING (Reuters) – China will allow selected banks to issue asset-back securities (ABS) worth 300 billion yuan ($49 billion) by the end of June next year, expanding a pilot program to support the economy, three industry sources said.
Big reform plans for China’s newest trade zone set high expectations
SHANGHAI (Reuters) – China has formally announced detailed plans for a new free-trade zone (FTZ) in Shanghai, touted as the country’s biggest potential economic reform since Deng Xiaoping used a similar zone in Shenzhen to pry open a closed economy to …
Faith in euro zone economy hits two-year high in September
BRUSSELS (Reuters) – Optimism about the euro zone’s economy brightened for the fifth month running and hit a 2-year high in September, adding to evidence that a recovery is underway.
BP battles for billions in new Gulf trial phase
HOUSTON/LONDON (Reuters) – BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well.
Lion Air looks to fill ‘thin’ routes with Bombardier C300s
MONTREAL (Reuters) – Indonesia’s Lion Air is looking to fill “thin” routes with Bombardier Inc’s C300 jets, as it challenges Malaysia’s AirAsia Bhd in Southeast Asia’s quick-growing market for budget travel.
U.S. fiscal risks hit dollar, cap share gains
LONDON (Reuters) – Concern over budget and debt negotiations in Washington weakened the dollar on Friday and kept a lid on gains in world shares stemming from a positive batch of U.S. jobs numbers.
Bankers brace for fourth-quarter rush as global equity markets rise
(Reuters) – Bankers across the globe expect a string of large, high-profile IPOs during the rest of the year, on the back of strong equity markets and U.S. Federal Reserve policies that have driven an uptick in IPO activity.
Britain kicks off Royal Mail sale with $5.3 billion price tag
LONDON (Reuters) – Britain’s Royal Mail postal service should a command a value of as much as 3.3 billion pounds ($5.3 billion) when it makes its London stock market debut next month, the government said on Friday as it began taking orders for the sell…
Top shareholders back Alibaba’s controversial corporate structure
(Reuters) – Alibaba Group’s biggest shareholders have backed a partnership structure that is at the center of a debate over where the Chinese e-commerce giant may list its shares in the most highly anticipated Internet IPO since Facebook Inc’s $16 bill…
