Exclusive: China Mobile, Etisalat weighing bids for Pakistan telco – sources
DUBAI (Reuters) – Pakistan mobile operator Warid Telecom has been put up for sale by its Abu Dhabi owners and is likely to draw interest from China Mobile and Etisalat, sources familiar with the matter said on Tuesday.
Lennar says results point to solid U.S. housing recovery
(Reuters) – Lennar Corp , the No. 3 U.S. homebuilder, reported a stronger-than-expected 53 percent rise in second-quarter revenue as it sold more homes at higher prices, suggesting the U.S. housing market recovery remains on track.
Exclusive: Samsung in talks to settle EU antitrust case – sources
BRUSSELS (Reuters) – Samsung Electronics is in preliminary talks with the EU regulator to settle charges it abused its market position by barring arch rival Apple from using an essential mobile phone patent, two people familiar with the matter said on …
HSBC considers quitting Iraq by selling Dar Es Salaam bank stake
DUBAI (Reuters) – HSBC Holdings said on Tuesday it is considering selling its majority stake in Dar Es Salaam Investment Bank , which has made it the main international lender in Iraq.
ANA, AirAsia to unwind budget airline joint venture
TOKYO/KUALA LUMPUR (Reuters) – ANA Holdings Inc will buy AirAsia Bhd out of a Japanese budget airline joint venture for 2.45 billion yen ($25.11 million), the Malaysian low-cost carrier said, dissolving a loss-making alliance after less than two years….
G20 task force to study Libor reform
BASEL, Switzerland (Reuters) – The agency that sets rules for global banks will establish a task force to look at reform of Libor after a scandal in which three banks were fined for rigging the global interest rate benchmark.
Shares, bonds recover footing as liquidity fears ease
LONDON (Reuters) – World bonds, equities and commodities recovered some of their recent losses on Tuesday and a dollar rally cooled as comments by U.S. and Chinese central bankers eased concerns about liquidity conditions.
ECB still long way from exiting easy policy: Coeure
LONDON (Reuters) – The European Central Bank is far from exiting its accommodative monetary policy and will keep an open mind about fresh measures, which it can still deploy if needed, ECB policymaker Benoit Coeure said on Tuesday.
Danish retailers sign Bangladesh safety reform plan
COPENHAGEN (Reuters) – PWT Group, a user of the clothing factory that collapsed in Bangladesh in April, and five other Danish firms, have agreed to sign an international accord on fire and safety in Bangladesh.
Rolls Royce wins $1 billion order from Scandinavian airline SAS
LONDON (Reuters) – Britain’s Rolls-Royce said on Tuesday it had won a contract to supply engines and maintenance to 12 of Scandinavian airline SAS’s Airbus planes in a deal worth $1 billion at list prices.
