A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital. The International Petroleum Investment Co,. the Abu Dhabi tate owned fund, had paid in full a USD2 billion loan its unit had taken out last 2011.
Firm Management
Report recommends debt shelter instead of bank break up for RBS
In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.
Air France CFO blasts Alitalia for lack of information
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
India Infoline to wind down retail brokerage services
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
Oman projects total USD112 billion
In a MEED Projects Study, it was found that forty major projects in the Sultanate are in the pipeline with total cost to reach USD112 billion.
Latest News
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
In an unprecendented move, China's Sinopec is selling off shale gas acreages in Canada. An executive for the SInopec Group is seeking to sell half of its holdings in the two biggest shale gas acreages in Canada.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
Like a death in the family, union members of PSA Peugeot Citroen factory located in Aulnay, France mourn the closure of the 40 year old plan.
In a tax free spin off, DuPont would be able to spend just USD0.01 to USD0.02 per share. The largest chemicals maker in the United States in terms of value, Dupont Co.
With an upper range of USD20 per share, the total enterprise value of Twitter is at USD10.9 billion.
Eneva SA, whose main shareholders EON SE and Eike Batista Brazilian utility firm Eneva SA, whose main shareholders are German EON SE and Brazilian mogul Eike Batista, is in discussion with banks and its partners on means to avoid the redemption of USD300 million worth of indebtedness owed by a natural gas company it owns with Batista.
