UPDATE 1-Screws turn on Glencore's debt + MORE

[Buzz_Burner_Fresh_Updates] Limited scope for big M&A in banking industry-UBS CFO – reuters.com ZURICH, Sept 29 (Reuters) – Tougher capital rules and new banking laws mean there is limited scope for major mergers and acquisitions in the industry, the finance chief for Switzerland’s biggest bank, UBS, said on Tuesday. Continue Reading On reuters.com » UPDATE 1-Screws […]

Zambia's kwacha firms after cbank sells dollars to support currency

[Buzz_Burner_Fresh_Updates] Zambia's kwacha firms after cbank sells dollars to support currency – reuters.com LUSAKA, Sept 29 (Reuters) – Zambia’s kwacha firmed briefly against the dollar on Tuesday after the central bank intervened to support the battered currency by selling dollars, but later retreated, traders said. Continue Reading On reuters.com »  

JPMorgan reaped $150 million dividend from Henry Bath before sale: filing

[Buzz_Burner_Fresh_Updates] JPMorgan reaped $150 million dividend from Henry Bath before sale: filing – reuters.com NEW YORK (Reuters) – JPMorgan Chase & Co reaped a $150 million dividend from its metals storage business Henry Bath & Son before selling its physical commodities business last October, as the firm reported its first loss in over a decade, […]

Tesco sells South Korean arm to private equity group for $6.1 billion

[Buzz_Burner_Fresh_Updates] Tesco sells South Korean arm to private equity group for $6.1 billion – reuters.com LONDON/SEOUL (Reuters) – Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, as the British supermarket retreats from foreign markets to focus on reviving its […]

TABLE-China stock investors slash margin loans by $31 bln in a week

[Buzz_Burner_Fresh_Updates] TABLE-China stock investors slash margin loans by $31 bln in a week – reuters.com SHANGHAI, Aug 27 (Reuters) – Chinese stock investors unwound $31 billion worth of leveraged bets over the past week, offsetting foreign money inflows under a key cross-border investment scheme, the latest data shows, underscoring rapidly shrinking risk appetite amid the […]

UPDATE 1-CNH TRACKER-Offshore yuan pool under pressure amid sharp depreciation

[Buzz_Burner_Fresh_Updates] UPDATE 1-CNH TRACKER-Offshore yuan pool under pressure amid sharp depreciation – reuters.com HONG KONG, Aug 13 (Reuters) – A long stretch of yuan appreciation helped Hong Kong build a sizable pool of the Chinese currency, and banks got a windfall selling yuan-related products. Continue Reading On reuters.com »  

GE to sell healthcare finance business to Capital One + MORE

[Buzz_Burner_Fresh_Updates] GE to sell healthcare finance business to Capital One – reuters.com (Reuters) – General Electric Co said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion. Continue Reading On reuters.com » GE to Sell Health-Care Financial Services Operations to Capital One – foxbusiness.com […]