ZURICH - The merger of the asset management divisions of ABN AMRO and Fortis is proceeding faster than planned, a senior Fortis banker was quoted as saying.
BRUSSELS - The European Commission will consider
a code of conduct asking sovereign wealth funds run by
countries to stress commercial goals rather than strategic
considerations when making investments, an EU official has said.
HONG KONG - Bain Capital Partner’s $2.2 billion bid to purchase 3Com Corp with China’s Huawei Technologies failed due to acquisition complexities and rising costs, Huawei has said in its first public comments since United States national security concerns scuppered the deal on Wednesday.
NEW YORK - A rescue for bond insurer Ambac Financial Group Inc may be announced on Monday or Tuesday, a person familiar with the matter has said on Friday.
SEATTLE - Microsoft Corp suggested on Friday that it had no plans to make major lay-offs if it succeeded in purchasing Yahoo Inc, saying there were plenty of employee opportunities throughout the company.
FORT WORTH, Texas - The United States economy is in a slowdown that could steepen but inflation is also a threat that must not be ignored, the president of the Dallas Federal Reserve Bank, Richard Fisher, has said on Friday.
FORT WORTH, Texas - The United States economy is in a slowdown that could steepen but inflation is also a threat that must not be ignored, the president of the Dallas Federal Reserve Bank, Richard Fisher, has said on Friday.
FORT WORTH, Texas - The United States economy is in a slowdown that could steepen but inflation is also a threat that must not be ignored, the president of the Dallas Federal Reserve Bank, Richard Fisher, has said on Friday.