September, 2016

• 3 September

  Slim splits $825mn in Mexican runway deals

  

    Bloomberg Billionaire Carlos Slim led a consortium that won one of the runway contracts for Mexico City’s new airport, as the government handed out the first big awards for the $13 billion construction project. A unit of Slim’s Grupo Carso SAB — along with partners GIA+A, Promotora y Desarrolladora Mexicana and La Peninsular Cia. Constructora — submitted a bid ...

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• 3 September

  Global banks seek Brexit deal to keep status quo

  

    Bloomberg The world’s biggest banks are pressing UK Prime Minister Theresa May to strike an interim agreement with the European Union for financial companies before formal exit talks start, according to two people with knowledge of the matter. An interim agreement would seek to preserve passporting, the ability of banks to freely sell services and products across the EU, ...

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• 3 September

  Banks in $43bn capital dispute slam Swedish govt

  

    Bloomberg Sweden’s banks say their government is underestimating the damage that a new set of capital rules will do to the economy and public finances. The Swedish Bankers’ Association says a plan to curb the use of internal risk models to determine capital levels will cost as much as 365 billion kronor ($43 billion) in additional buffer requirements. Citing ...

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• 3 September

  Italy leaders push banks plan

  

    Bloomberg Before an elite financial and business audience, Italy’s prime minister and finance minister strove to project optimism that their drive to overhaul the country’s troubled banks will succeed. But a fellow guest from the European Central Bank damped expectations with a warning the market could have the last word. The restructuring of Banca Monte dei Paschi di Siena ...

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• 3 September

  Deutsche Bank CEO weighs drastic steps as revamp sputters

  

    Bloomberg John Cryan is going back to the drawing board after Deutsche Bank AG lost more than half its market value since he unveiled his overhaul last year. The chief executive officer and his top managers will meet this weekend to assess progress on the reorganization, said a person familiar with the matter. Deutsche Bank held talks over a ...

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• 3 September

  ICBPI hires UniCredit’s top official as CFO

    Bloomberg Istituto Centrale delle Banche Popolari Italiane (ICBPI) SpA, the Italian banking-services provider owned by private-equity firms, hired Bernardo Mingrone from UniCredit SpA as chief financial officer, according to people with knowledge of the matter. Mingrone will reorganize and develop ICBPI to prepare for a direct sale or a listing in the next three years, said one of the ...

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• 3 September

  More Turkish tanks enter Syria in new front offensive

  

    Ankara / AFP Turkey on Saturday sent more tanks into the northern Syrian village of al-Rai to fight IS extremists, opening a new front after its intervention last month against the group, state media reported. The tanks crossed into the village from Elbeyli in the Turkish province of Kilis to provide military support to Syrian opposition fighters after ridding northern ...

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• 3 September

  Reporter shot in Syria claims gunman now US-backed rebel

    London / AFP A reporter for Britain’s Times newspaper who hit the headlines after being kidnapped and shot in Syria said on Saturday that a recent Facebook video appeared to show the gunman was now a US-backed rebel. Anthony Loyd was seized along with photographer Jack Hill in 2014 as they were returning to Turkey after several days working in ...

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• 3 September

  Myanmar peace summit ends with long road ahead

    Naypyidaw/ AFP Myanmar’s Aung San Suu Kyi concluded a landmark peace summit with ethnic rebels on Saturday, calling it the first step on what promises to be a tough road to peace. The conference in the capital Naypyidaw was Suu Kyi’s first big drive to end ethnic minority insurgencies that have rumbled across Myanmar’s frontier states for nearly seven decades. ...

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• 3 September

  Aby Sayyaf bomb kills 14 in Philippine’s Davao

  

    Davao / AFP Philippine authorities on Saturday blamed a notorious group of militants for the bombing of a night market in President Rodrigo Duterte’s home town that killed at least 14 people. An improvised explosive device tore through the bustling market in the heart of Davao city and close to one of its top hotels just before 11:00pm (1500 GMT) ...

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