BP (BP: 29.35 0.00 0.00%) - Britain is drafting contingency plans should co. collapse, according to Times. The paper said officials from the Department of Business and Treasury were holding talks about co.’s future. A person familiar with the talks told the Times the government was preparing for “any eventuality”. However, co. said it can meet the cost of its huge oil spill in the Gulf of Mexico without issuing new shares, rejecting recent speculation that it was seeking a bail out from a strategic investor. - Libya’s National Oil Corp’s Ghanem said Libyan Wealth Fund should invest in co. but he is not part of decision whether to buy co. Also, Kuwait Foreign Petroleum Exploration Company, the Kuwaiti government-owned energy company, has no interest in the assets of co. (Sources/Alaswaq.net)
UKHSBC (HBC: 45.70 0.00 0.00%) - Some HSBC Holdings clients are being investigated by the US Justice Department on suspicion of failing to disclose accounts in India or Singapore, according to sources. (RTRS) Also, co. is among the 7 bidders for a 70% stake in Poland’s Bank Zachodni, owned by Allied Irish Banks. (Dziennik Gazeta Prawna)
Rio Tinto (RTP: 44.33 0.00 0.00%) - Australia’s watered down mining tax is still among the highest tax regimes around the world and needs deeper study before co. will commit to its next big expansion in iron ore, according to co.’s iron ore division head. (RTRS)
British Telecom - UK Union says to meet co. for further talks while planning for re-ballot. Elsewhere, co. says is pleased that CWU has withdrawn its ballot and says hopes it can resolve the matter with the unions.(RTRS/Sources)
Tullow Oil - Co. says Jubilee Phase 1 on schedule for first oil by year end, adding that Ugandan government approval for purchase of Heritage’s Ugandan assets expected immediately. (RTRS)
USUS Solar Power Companies - The government is handing out nearly USD 2bln for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources. (AP)
AIG (AIG: 33.10 0.00 0.00%) - Co. is now considering offloading its Asian insurance unit AIA in pieces and is also looking at the possibility of floating an IPO for the unit. (NY Post)
General Motors - Co. is seeking a USD 5bln credit line to pay day to day expenses as it moves closer to freeing itself from state support. The move comes as the US government prepares to sell some of the 60% stake it still holds in the car maker. (Sunday Times)
Europe
GERMANYAllianz - Co’s health insurrance unit has vastly cut down on selling new business until it can recalculate some tarrifs following a ruling by a German federal court (Handelsblatt)
Infineon - Business at co. is running at full steam, and even the smartphone card business is seeing a recovery and will grow in high single digit percentages in the next years, according to unit head. (Handelsblatt)
FRANCEBNP Paribas - Co. is among the 7 bidders for a 70% stake in Poland’s Bank Zachodni, owned by Allied Irish Banks. (Dziennik Gazeta Prawna)
Alstom - Co. and SNCF are in a good position to win a Saudi Arabia contract for a high speed rail link between Medina and Macca, and the contract may be worth at least EUR 10bln. (Les Echos)
Companies paying Dividend: Lafarge (EUR 2.0000 and Special Dividend EUR 2.2000)
No comments:
Post a Comment