China to tighten requirements for foreign investment in banking
SHANGHAI (Reuters) – China is set to revise rules on the setting up of new banks in the country, aiming to tighten requirements for foreign firms while easing regulations for local entities, a draft of revised rules published by the banking regulator s…
Mexico energy reform to target deep water: lawmaker
MEXICO CITY (Reuters) – Mexico will propose energy reform that includes controversial changes to the constitution aimed at drawing private know-how to tap the country’s massive deep water oil and shale gas reserves, a senior ruling party lawmaker said …
Exclusive: BlackBerry open to going private, sources say
(Reuters) – BlackBerry Ltd is warming up to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said.
Murdoch’s Australia head departs as election battle heats up
CANBERRA (Reuters) – Rupert Murdoch’s News Corp appointed a new chief executive to its Australian arm on Friday, a move Prime Minister Kevin Rudd linked to mounting attacks on his government by Murdoch’s local newspapers during a divisive election camp…
China solar panel exports to ease on EU curbs
BANGALORE/HONG KONG (Reuters) – Major Chinese solar panel makers such as Canadian Solar Inc recorded buoyant shipments in the April-June period as they raced to rev up sales ahead of EU restrictions on Chinese exports, but sales have eased in the curre…
China July inflation steady, policy seen neutral
BEIJING (Reuters) – China’s consumer inflation steadied in July although factory-gate deflation persisted for a 17th month, official data showed on Friday, pointing to monetary policy on hold as Beijing tries to arrest a slowdown that has run for more …
Thor makes second bid for control of Empire State Building
NEW YORK (Reuters) – One of New York City’s largest landlords, Thor Equities LLC, made a second offer to buy control of the iconic Empire State Building, hoping to trump a plan to roll the property into a trust, according to people involved in the nego…
Exclusive: U.S. steps up probe of JPMorgan over Bear Stearns mortgages – sources
NEW YORK (Reuters) – The U.S. Department of Justice has stepped up a probe in recent weeks into Bear Stearns mortgage dealings in the run-up to the financial crisis, adding to JPMorgan Chase & Co’s legal problems, according to three sources familiar with the situation.
Soros Fund withdrawing all of its money from Pershing: source
(Reuters) – Soros Fund Management LLC is withdrawing its money from William Ackman’s Pershing Square Capital Management due to performance, according to a person close to the matter said on Thursday.
Soros Fund withdrawing all of its money from Pershing: source
(Reuters) – Soros Fund Management LLC is withdrawing its money from William Ackman’s Pershing Square Capital Management due to performance, according to a person close to the matter said on Thursday.
