March, 2017

• 7 March

  Deutsche bets on ex-Goldman partner in revamp

  

    Bloomberg Marcus Schenck had been itching to work on deals — so much so that the chief financial officer of Deutsche Bank AG would spend one day a week with clients, a habit that didn’t always sit well with colleagues, according to a person familiar with his thinking. Now the former Goldman Sachs Group Inc. partner has a chance ...

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• 7 March

  Bank Muscat signs $525 million loan

  

    Bloomberg Bank Muscat, Oman’s largest bank by assets, has signed to obtain a $525 million syndicated loan, banking sources said. The three-year facility pays an all-in 170 basis points over the London Interbank Offered Rate, comprising a margin of 155 bps plus 45 bps of bank fees spread over three years. Part of the proceeds of the loan, which ...

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• 7 March

  Morgan Stanley venture to review contracts in Barratt probe

  

    Bloomberg A venture between Barratt Developments Plc and a real estate fund managed by Morgan Stanley is reviewing contracts for a 770-home project in east London amid a fraud probe at the homebuilder, according to a person familiar with the situation. The venture is exploring whether any Barratt employees were paid bribes to award subcontracts to some suppliers, the ...

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• 7 March

  BOE’s Hogg failed to disclose Barclays family links in 2013

    Bloomberg Bank of England (BOE) Deputy Governor Charlotte Hogg failed to tell the central bank that her brother worked at Barclays when she joined as chief operating officer in 2013. The declaration was only made in a questionnaire Hogg completed as part of her appointment this year as deputy governor for markets and banking. Hogg said she takes ‘full ...

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• 7 March

  UBS seeks to pay below US$317 million in French tax case

  

    Bloomberg UBS Group AG is pushing to settle a French tax fraud investigation for less than the 300 million euros ($317 million) it paid to resolve a similar issue in Germany, people familiar with the matter said. That’s significantly below the 1.1 billion-euro bond the bank posted to cover potential penalties. UBS has been in talks since late 2016 ...

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• 7 March

  Nailing down success!

  

    OAKLAND, Calif / AP It was the swag-bags that convinced community health organizer Julia Liou to redraw the battle plan in a fight to reduce the hazardous chemical exposures of nail-salon workers, most of them low-paid Asian immigrant women. In 2005, Liou watched at California’s state Capitol as dozens of lobbyists gave away bags of lipsticks and other beauty ...

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• 7 March

  For them, trip to China can be deadly

  

    BOGOTA / AP In a tiny brick apartment above a lottery shop, Martha Antivar waits for a sign of life from her husband, who is languishing in a Chinese prison an ocean away. Five years ago, Oscar Hilarion, a 45-year-old taxi driver, told his wife and family in Colombia that he was going to China on a business venture ...

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• 7 March

  Aramco IPO tops Saudi agenda

  

    Bloomberg Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has a daunting to-do list as the real work begins on his plan to transform the world’s biggest oil exporter into an economy no longer reliant on crude. “2017 is a reality check,” said John Sfakianakis, director of economic research at the Gulf Research Center. “We’re done with the announcements. ...

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• 7 March

  UK oil, gas output set for continued expansion

  

    Bloomberg UK oil and gas production will continue to grow through 2018, putting it on course for the longest expansion in almost two decades, amid project startups and productivity gains, an industry lobby said. “Production has now been rising since 2015, bucking a 15-year trend of decline, and should continue to rise over the next two years,” Oil & ...

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• 7 March

  Israel’s Shapir weighing bid for natural gas license tender

  

    Bloomberg Shapir Engineering and Industry Ltd., which develops residential, commercial and industrial construction projects in Israel, is considering expanding its operations into offshore energy exploration. The Petach Tikvah, Israel-based company is mulling a bid to drill for oil and gas in the 24 new blocks opened for exploration in the country’s economic waters, a company spokeswoman told Bloomberg. Israeli ...

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