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Casino’s Big C Vietnam stores all set to draw Lotte, TCC bids

Bloomberg South Korea’s Lotte Group is among suitors that submitted bids for French retailer Casino Guichard-Perrachon SA’s Vietnam grocery business, which could fetch as much as $800 million, people with knowledge of the matter said. Billionaire Charoen Sirivadhanabhakdi’s TCC Holding Co. and Central Group, controlled by Thailand’s Chirathivat family, also submitted first-round offers by the March 10 deadline, the people ...

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Buckeye pipeline leak doesn’t affect JFK jet-fuel supply

Bloomberg A leak discovered on a Buckeye Pipe Line Company LP pipe that is the primary source of jet fuel for John F. Kennedy (JFK) International Airport hasn’t affected operations at the hub, according to the Port Authority of New York and New Jersey. “JFK has enough jet fuel for three days, so the airport is equipped to respond to ...

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Altering levy: British banks slam UK Treasury

LONDON / Bloomberg Britain’s banks have criticised the UK Treasury’s plan to pare back the scope of the bank levy to lenders’ domestic businesses only, warning international operations could still be subject to taxation after the changes. Under the government’s current proposal, funds raised at a UK holding company level and then passed down to an international subsidiary would continue ...

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