Ping An Bank to get $2.4 billion capital injection from parent
HONG KONG (Reuters) – Ping An Bank Co Ltd will sell 14.8 billion yuan ($2.4 billion) of additional shares to its parent Ping An Insurance (Group) Co of China Ltd in the third-largest capital raising by a Chinese bank this year.
PetroChina says shares to resume trading in afternoon
SHANGHAI (Reuters) – Trading in shares of Chinese oil producer PetroChina Co Ltd will resume in the afternoon after a brief suspension, the firm said on Monday.
South Korea probes three foreign brokerages including Goldman
SEOUL (Reuters) – South Korean financial regulators are reviewing three foreign brokerages including Goldman Sachs Group Inc’s local unit for possible breach of domestic capital markets regulations, a source at one of the regulators said.
Mexico dilutes fiscal reform as plan dodges sales tax
MEXICO CITY (Reuters) – Mexico’s government on Sunday proposed raising taxes for higher earners, putting a levy on stock market gains and boosting social programs to help the poor, but it shied away from widening a controversial sales tax amid an econo…
Mexico proposes new tax regime for Pemex
MEXICO CITY (Reuters) – Mexico’s government on Sunday proposed replacing state oil monopoly Pemex’s heavy taxation scheme with a new, more flexible regime similar to those faced by private companies.
Jacobs Engineering to buy Sinclair Knight Merz for $1.2 billion
NEW YORK (Reuters) – Jacobs Engineering Group Inc , one of the world’s largest construction consulting firms, said on Sunday it would acquire Australian employee-owned consultancy Sinclair Knight Merz (SKM) for approximately A$1.3 billion ($1.2 billion…
Neiman Marcus close to changing private equity owners: sources
NEW YORK (Reuters) – A consortium of Ares Management LLC and the Canada Pension Plan Investment Board is in advanced talks to acquire upscale U.S. retailer Neiman Marcus Inc from TPG Capital LP, Warburg Pincus LLC and Leonard Green Partners LP, two peo…
New UK bank Shawbrook passes one billion pound lending milestone
LONDON (Reuters) – New British bank Shawbrook has lent more than 1 billion pounds ($1.6 billion) since its launch two years ago, it said on Monday, showing that challengers are emerging to break the dominance of Britain’s biggest banks.
UK permanent staff hiring slows from two-year high in August: survey
LONDON (Reuters) – British employers took on permanent staff at a slightly slower pace last month after hiring hit its highest in more than two years in July, but temporary appointments rose at the fastest rate since 1998, a survey showed on Monday.
China locks foreign investors out of another bad-debt cleanup
HONG KONG (Reuters) – Chinese banks have a colossal mess of bad debts to clean up for the second time in as many decades, but they are unlikely to call in the financial world’s most efficient mop and broom.
