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Reuters
Santander, BBVA close commodities trading desks - Reuters
| MADRID Jan 31 (Reuters) - Spain's two largest banks, and Santander and BBVA are closing their commodities trading units to focus on core business, a spokesman and a source said, which will lead to about 15 job losses in all.
India Rafale deal not yet signed - French source - Reuters
"No contract has been signed," the French source said. A source close to the French finance ministry dampened reports that Dassault had already won the contest, which is pitting the Rafale against the Eurofighter Typhoon.
Samsung Securities shuts operations outside Korea -source - Reuters
Employees were told on Tuesday afternoon, with the company's Korean headquarters due to make an official announcement later on Tuesday or on Wednesday morning, the source said. He did not want to be identified because the decision had only been made ...
Three Qaeda militants killed by Yemeni army: security sources - Reuters
Security sources said five Yemeni soldiers were also wounded in the clash outside Radda, a small town located 170 km (105 miles) southeast of Sanaa. Tribal sources put the death toll among Yemeni soldiers at five. One source said the attack by Yemeni ...
Egypt army fires general to boost image - Reuters
"NEW LEADERSHIP" A source close to the military council said it was concerned about its deteriorating public image. "The Supreme Council of the Armed Forces concluded that the army's image in the media has suffered over the past year under Etman's ...
Samsung Securities to announce Asia restructuring - sources - Reuters
Three sources at the brokerage, who did not want to be identified, said an internal meeting was expected to occur later Tuesday. A separate source said an official, public announcement may hit on Wednesday. Details of what is to be announced were not ...
RPT-UPDATE 2-State Bank of India to get $1.6 bln from government - Reuters
The government's stake in SBI will rise to about 66 percent from 59 percent with the injection of new capital, said a banking analyst at Mumbai-based brokerage who did not want to be identified as he was not authorised to speak to the media.
Top US spies to face grilling on Taliban, Iran talks - Reuters
But a senior administration official, speaking on condition of anonymity, insisted earlier this month that he knew of no evidence that they were involved in the death of Spann, who was surrounded and killed by rioting prisoners.
States to decide this week on mortgage deal - Reuters
But Harris did meet with federal officials last week to press her concerns, people familiar with the matter said, and has not yet officially said her state is out of any final deal. Separately, Massachusetts filed its own lawsuit against the banks last ...
Exclusive: Parachute issue grounds some Lockheed F-35 jets - Reuters
Additional F-35 jets being flown at a US Navy air station in Maryland are not affected because they use a different ejection seat, said the sources, who were not authorized to speak on the record. The grounding of the F-35 Air Force variant is more bad ...
Carrefour picks retail veteran for new turnaround bid - Reuters
Plassat is the man of a restructuring," said one analyst who declined to be named, referring to Carrefour's top investors -- French tycoon Bernard Arnault and US private equity firm Colony Capital. Speculation has long swirled that Olofsson's departure ...
Alpha Bank throws EFG merger into doubt - Reuters
"Alpha Bank seems to be wanting to renegotiate the share swap ratio of the merger, not pulling out of the deal," said a banking analyst who declined to be named. The two sides had agreed to exchange five Alpha bank shares for every seven shares held in ...
CVC in exclusive talks for Sweden's Ahlsell-sources - Reuters
A so-called "staple" financing package from Goldman Sachs and Nordea has been made available to the bidders, some of the sources said. Both banks have been advising on the sale process. But CVC is likely to be looking for other financing options as ...
Clash over cuts complicates Thyssen-Outokumpu deal - Reuters
"The agreement -- or not -- with the unions could be the deal breaker," said a steel analyst who declined to be named. In German companies, supervisory boards need to give their blessing to major strategic decisions by the management board.
Exclusive: Duvalier faces trial for corruption, not abuses - Reuters
The senior judicial official, who spoke in several interviews with Reuters over the weekend, asked not to be identified by name because he was officially barred from speaking about the ruling before it is made public. Government officials could not be ...
Fidelity looking to sell India fund business: source - Reuters
Fidelity has not yet valued the business or invited bids, the source said. A report on the Economic Times website earlier said, citing a person with direct knowledge of the development, Fidelity was in talks to sell its India mutual fund business and ...
Exclusive: Qatar makes approach for Oger Telecom stake - sources - Reuters
It's a complex deal and there are lots of sticking points to complete this," the source said. AGGRESSIVE INVESTOR Through its sovereign wealth fund, Qatar has emerged as one of the world's most aggressive investors, snapping up stakes in high-profile ...
TPG, News Corp, Time Warner bid for Turkey's Calik media:sources - Reuters
By Seda Sezer and Asli Kandemir | ISTANBUL (Reuters) - TPG Capital, News Corp and Time Warner have placed bids for the media assets of Turkey's Calik Holding, which also has interests in energy and finance, three sources close to the matter told ...
Afghanistan to press Pakistan for access to Taliban - Reuters
"We want sincere cooperation from Pakistan in regards to peace talks," said the source, who declined to be identified. Ties between the neighbors were severely damaged after the assassination in Kabul last September of Afghanistan's main peace ...
Carlyle's Mideast head Musallam quits -sources - Reuters
One of the sources said that the differences surrounded the closure of Carlyle's office in Egypt last year due to political uncertainty in north Africa's largest economy. Prior to joining Carlyle, Musallam was CEO of Abu Dhabi Investment Company, ...
Carrefour picks retail veteran Plassat as new boss - Reuters
Plassat is the man of a restructuring," said one analyst who declined to be named, referring to Carrefour's top investors -- French tycoon Bernard Arnault and US private equity firm Colony Capital. Speculation has long swirled that Olofsson's departure ...
PRESS DIGEST - New York Times - Jan 30 - Reuters
ABB of Sweden is near a deal to buy Thomas & Betts, an American maker of electrical connectors, for about $4 billion in cash, a person briefed on the matter said on Sunday. * The Royal Bank of Scotland's chief executive, Stephen Hester, will not accept ...
PRESS DIGEST - Wall Street Journal - Jan 30 - Reuters
ABB Ltd was nearing a deal Sunday to acquire Thomas & Betts Corp of the US for about $4 billion, according to people familiar with the matter, in a continued push by the Swiss engineering giant to boost growth through acquisitions.
PRESS DIGEST - MALAYSIA - Jan 30 - Reuters
The 12-year old monopoly in hot-rolled coils (HRC) by Lion Group unit Megasteel Sdn Bhd in Malaysia is likely to be broken with the emergence of at least two potential HRC and hot-rolled plate players within the next two years, a source said.
Sarkozy details measures for growth, jobs - Reuters
Yet illustrating the economic challenge ahead, the source said that the government will soon revise down its 1.0 percent forecast for 2012 growth. Both Hollande and Sarkozy are seizing on the euro zone crisis and what many fear is a descent into ...