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Atlas Copco plans to split to list mining tools business

  Bloomberg Atlas Copco plans to break itself up and list its mining tools business in the biggest-ever shakeup of the Swedish company that could spark takeover interest. A newly created company with annual sales of about 28 billion kronor ($3.1 billion) will focus on mining and construction-equipment making, and will be spun off to shareholders in a tax-free distribution, ...

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QNB seeks growth in South East Asia after Q4 profit rises

  DUBAI / Reuters Qatar National Bank (QNB) is broadening its horizons in Southeast Asia after the Gulf’s largest lender reported 8.3 percent rise in fourth-quarter net profit, according to reports. It follows a year in which the bank cemented its position as the largest lender in the Middle East and Africa by assets after completing the 2.7 billion euro ...

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Polish banks plunge as regulators’ FX-loan plan revives woes

  Bloomberg Polish bank shares tumbled on Monday as the country’s watchdogs are seeking to impose higher capital requirements aimed at encouraging lenders to ditch foreign-currency home loans. The WIG Bank gauge slumped 1.7 percent as of 11:36 a.m. in Warsaw, led by MBank SA and Bank Millennium SA, sliding from a one-year high reached last week. Lenders should lift ...

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