Archive for September 19th, 2012

Oil tankers at Vladivostok

Russia’s Rosneft secures $15bn financing to fund TNK-BP deal

Russian state-run oil and gas major OAO Rosneft (MCX:ROSN; LON:ROSN) is seeking USD15bn (EUR11.5bn) in loan financing to fund its planned purchase of a stake in oil producer TNK-BP (RTB:TNBP) from BP Plc (LON:BP), Bloomberg and Debtwire reported independently on […]

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pension

Proposed change to UK’s RPI inflation measure could hit pension income

Income from UK private pensions and index-linked government bonds could be reduced under new proposals put forward yesterday to narrow the gap between the CPI and RPI measures

Burberry

UK luxury retailer Burberry stops production in China on concerns over worker’s conditions

The British owned luxury goods manufacturer Burberry has pulled production of its bags from a factory in the Guangdong Province of China, the Bureau has learnt. The move follows

Goldman Sachs Tower, New Jersey

New Goldman CFO possible candidate to replace Blankfein

US-based banking giant Goldman Sachs (GS.N) said in a statement last night that senior trading executive Harvey Schwartz will replace David Viniar as the bank’s chief financial officer. Viniar,

Bingo spinner

Rank’s deal to acquire Gala non-binding due to regulatory delays

British gaming and betting company Rank Group Plc (LON:RNK) said today that its agreement to acquire the casino business of rival Gala Coral Group Ltd will cease to

Man U fans in Kuala Lumpur

Manchester United’s fourth quarter results disappoint investors

English football club Manchester United has reported an increased loss in the fourth quarter to GPB14.9 million, compared to GBP351,100 in the same period last year. Revenues in the

Ten precent

UK private equity company CVC to sell a 10% stake to Asian investors — report

UK-based private equity firm CVC Capital Partners Ltd will shed 10% of itself, Bloomberg reported, quoting two people in the know. The company plans to sell the stake to

Yahoo

Alibaba repurchases its own shares from Yahoo! for $7.6bn

US digital media giant Yahoo! Inc (NASDAQ:YHOO) said it had sold some 20% in Alibaba Group to the Hong Kong-based e-commerce firm for around USD7.6bn (EUR5.8bn) in cash

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