Recent Posts

Poland favours PZU buying UniCredit’s Pekao unit

  Bloomberg Poland favours government-controlled insurer PZU SA as the buyer for Bank Pekao SA, the country’s second-largest bank held by Italy’s UniCredit SpA, with the price representing the main hurdle, Finance Minister Pawel Szalamacha said. Speaking to Bloomberg at the Ambrosetti Forum in Cernobbio, Italy, Szalamacha said his government backs a possible deal but insisted this was up to ...

Read More »

Anbang prompts soul-searching as Morgan Stanley, UBS divided

  Bloomberg One of Hong Kong’s potentially most lucrative initial public offerings in recent years has bankers facing some difficult choices. Anbang Insurance Group Co., known for its aborted $14 billion attempt to buy Starwood Hotels & Resorts Worldwide Inc., has asked investment banks to pitch for roles on an IPO of its life insurance assets. While the recent dearth ...

Read More »

Siege warfare, suffering as US, Russia bicker over Syria

  Hangzhou / AFP The US said on Sunday it had not yet struck a hoped-for deal with Russia on stemming the violence in Syria’s brutal civil war, blaming Moscow for backtracking on issues it thought were settled. President Barack Obama said earlier that the two sides were “working around the clock” on the sidelines of a summit in China, but ...

Read More »
Send this to a friend