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Greece's Piraeus hire banks to advise on share issue - sources
Reuters - 15 hours ago
ATHENS (Reuters) - Greece's second-largest lender Piraeus Bank has hired four international investment banks as advisers on its 7.33 billion euro (£6.2 billion) share issue, two bankers close to the procedure told Reuters on Saturday. "Goldman , Barclays , Deutsche Bank and Bank of America-Merrill Lynch will be acting as advisers," one of the bankers said. Greece's top four banks, including Piraeus, need a total of 27. ... More »Greece's Piraeus hire banks to advise on share issue - sources
22
China April housing inflation quickens to two year high
Reuters - 21 hours ago
By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices rose 4.9 percent last month from a year ago, after a year-on-year increase of 3.6 percent in March, according to Reuters calculations from data released by the National Bureau of Statistics(NBS) on Saturday. The rise was the sharpest since April 2011. ... More »China April housing inflation quickens to two year high
23
US Airways plane makes unusual belly landing at Newark airport
Reuters - 12 hours ago
By David Jones NEWARK, New Jersey (Reuters) - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane's landing gear failed to deploy, but no one was injured, airline and government officials said. Piedmont Airlines flight 4560, operating for US Airways from Philadelphia with 34 passengers and three crew members, landed safely at 1 a.m., and passengers were evacuated on the tarmac and transported to the terminal, a Federal Aviation Administration spokeswoman said in an email. ... More »US Airways plane makes unusual belly landing at Newark airport
24
BoE governor King warns of risks in UK mortgage scheme
Reuters - 4 hours ago
LONDON (Reuters) - A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank Governor Mervyn King said on Saturday. King's warning follows criticism that the plan will encourage the kind of risky lending that precipitated the 2008 financial crisis. "We do not want what the United States have, which is a government-guaranteed mortgage market, and they are desperately trying to find a way out of that position," King told Sky news. "So, we mustn't let this scheme turn into a permanent scheme. ... More »BoE governor King warns of risks in UK mortgage scheme
25
Switzerland close to deal in U.S. tax dispute: finance minister
Reuters - 13 hours ago
ZURICH (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday. "We hope that we will shortly be at the finishing line," Eveline Widmer-Schlumpf told Swiss radio in an interview. "The banks won't get it for nothing." Widmer-Schlumpf declined to say how high fines might be, but added: "It is clear that it will not be a pleasant solution. ... More »Switzerland close to deal in U.S. tax dispute: finance minister
26
French probe finds LVMH built up Hermes stake in secret-paper
Reuters - 14 hours ago
PARIS (Reuters) - The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a newspaper reported. LVMH said it would fight the findings of the watchdog's probe before its sanctions committee when it meets on May 31 to hear the company's defence. Hermes was not immediately available for comment. LVMH, which owns 22. ... More »French probe finds LVMH built up Hermes stake in secret-paper
27
Qatar Holding, Italy fund eying Versace - paper
Reuters - 9 hours ago
MILAN (Reuters) - Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said on Saturday. The Qatar sovereign fund is "carefully looking at" Versace, the Italian daily said, citing financial sources. The paper cited market rumours as saying the fund was flanked by FSI, the Italian strategic investment fund owned by state financing company Cassa Depositi e Prestiti. In November, Qatar Holding signed a joint venture agreement with FSI to invest in Italian companies in sectors including food, fashion and luxury. ... More »Qatar Holding, Italy fund eying Versace - paper
28
Vocal acrobatics of "La Donna del Lago" an "Olympic" challenge
Reuters - 15 hours ago
By Josie Cox LONDON (Reuters) - Even with one of the world's most athletic opera singers at her side and plenty of practice, American mezzo-soprano Joyce DiDonato reckons the latest London production of Gioachino Rossini's "La Donna Del Lago" is the challenge of a lifetime. DiDonato and Peruvian tenor Juan Diego Florez told Reuters at the Royal Opera House production's opening on Friday night that performing their technically demanding roles in the John Fulljames interpretation is almost like an elite sport. ... More »Vocal acrobatics of "La Donna del Lago" an "Olympic" challenge
29
Beatles' guitar auctioned to the tune of $408,000
Reuters - 1 hour 51 minutes ago
By Alex Dobuzinskis LOS ANGELES (Reuters) - A custom-made electric guitar played by the late John Lennon and George Harrison of the Beatles sold at a New York auction on Saturday for $408,000, said officials with the company behind the event. The semi-hollow-body guitar, manufactured by the VOX company, was sold to an unidentified U.S. buyer at the "Music Icons" event organized by Beverly Hills, California-based Julien's Auctions and held at the Hard Rock Cafe in Manhattan. ... More »Beatles' guitar auctioned to the tune of $408,000
30
Alpine in talks with FCC on financing - CEO
Reuters - 16 hours ago
VIENNA (Reuters) - Alpine, the Austrian unit of Spanish construction group FCC , will hold talks with its owners on how to meet its financing needs and has many options open, Chief Executive Arnold Schiefer said. He was responding to a newspaper report that FCC was worried about Alpine's finances and that Austria's second-biggest construction group had to come up with another 150 million euros ($192 million) this year despite reaching a deal with creditors in March. Alpine lost 450 million euros in 2012 as it began to exit unprofitable projects abroad. ... More »Alpine in talks with FCC on financing - CEO
31
France gets Pentagon backing to buy U.S.-made drones - paper
Reuters - 14 hours ago
PARIS (Reuters) - France has received approval from the U.S. Pentagon to buy two Reaper drones for intelligence gathering, and now only needs backing from Congress, Le Monde newspaper said on Saturday. With its current hardware increasingly outdated, France is urgently trying to build up a modern fleet of drones for surveillance operations in countries such as Mali. Le Monde said France intended to eventually buy a total of five or seven Reapers, built by privately held General Atomics, for 300 million euros (£253.8 million). ... More »France gets Pentagon backing to buy U.S.-made drones - paper
32
Bulgarian truck drivers end blockade of traffic to Turkey
Reuters - 22 hours ago
SOFIA (Reuters) - Bulgarian truck drivers lifted their traffic blockades at two major border checkpoints with Turkey late on Friday, saying a deal had been struck to end Turkish restrictions on their operations. The disgruntled drivers had blocked traffic for two days, causing a 12 km (7-mile) queue at the Kapitan Andreevo crossing and a 5.5 km tailback at the Lesovo checkpoint. They accused Turkish officials of trying to push them out of the Turkish and Arab transport markets by subjecting them to lengthy customs checks which could last hours and even days. ... More »Bulgarian truck drivers end blockade of traffic to Turkey

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