Europe
RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says Royal Bank of Scotland Group Plc was
the biggest underwriter of loans to Dubai World, the state
company seeking to reschedule debt, while HSBC Holdings Plc has
the most at risk in the United Arab Emirates, according to
JPMorgan Chase & Co.
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
Sarkozy Wins Bid to Install Ally Barnier as EU's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
British Banks Have $49.5 Billion Loans to U.A.E., Most in Europe, RBS Says British banks are Europe’s biggest
lenders to the United Arab Emirates, constituting $49.5 billion
of the continent’s $87.3 billion loans outstanding to the Gulf
state, Royal Bank of Scotland Group Plc said.
European Economic Confidence Climbs to Highest Level Since Lehman Collapse European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-nation euro region is gathering strength.
De Beers Said to Consider Stake Sale to Help Refinance $1.5 Billion Loan De Beers, the world’s largest
diamond company, discussed with shareholders the possibility of
selling a stake ahead of a March deadline to refinance a $1.5
billion facility, said two people familiar with the proposal.
Cadbury Investors Should Sell as Higher Bid From Kraft Unlikely, CER Says Cadbury Plc investors should sell
their shares in the U.K. candy maker because Kraft Foods Inc. is
unlikely to raise its cash-and-stock offer above the current
share price, Consumer Equity Research said today.
AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault Russia pledged to inject 50 billion
rubles ($1.7 billion) into OAO AvtoVAZ in return for technology
from 25 percent shareholder Renault SA.
Gazprom Said to Seek $3 Billion Japanese Pipe Deal for Far East Gas Link OAO Gazprom is seeking to reach a $3
billion agreement with Japan to supply almost one-fifth of steel
pipes for a gas link in Russia’s Far East, partially replacing
domestic producers, a person familiar with the plans said.
Connie Hedegaard Will Steer Biggest Emissions Market as EU Climate Chief Connie Hedegaard, named as the next
European Union climate commissioner, will oversee a possible EU
decision to force energy and manufacturing companies in the
world’s biggest greenhouse-gas market to deepen emission cuts.
Germany's Top Nazi-Hunter Finds `Best Break' in Years in Brazilian Archive German investigators trying to track
down Nazi criminals before they die may have had their “best
break” in years after discovering a trove of Brazilian
immigration files more than half a century old.
EU Bans Congo, Djibouti, Sao Tome Airlines, Eases Curbs on Angola's TAAG The European Union prohibited all
airlines based in the African nations of Djibouti, the Republic
of Congo and Sao Tome and Principe from flying in the bloc while
further easing curbs on TAAG Angola Airlines under the latest
changes to a list of unsafe carriers.
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