The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a spluttering economy and boosting LNG imports. Full Article
Road building revival offers rare hope for India infrastructure overhaul. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
UPDATE 1-Market Chatter-Corporate finance press digest
Feb 21 (Reuters) - The following corporate finance-related stories were reported by media:
* Citigroup Inc Chairman Michael O'Neill is not eager to explore a breakup of the third-largest U.S. bank, the Wall Street Journal reported, citing people familiar with the matter.
* MetLife Inc, the largest U.S. life insurer, has put its British bulk annuity business, MetLife Assurance Ltd, up for sale and has hired investment bankers from Citibank to run an auction for the unit, a person familiar with the matter told Reuters.
* Lufthansa, United Airlines and Air Canada are set to secure EU antitrust approval for their tie-up after agreeing to cede slots at Frankfurt and New York airports to rivals, a person familiar with the matter said on Wednesday.
* Nigeria Liquefied Natural Gas Company (NLNG) has appointed France's BNP Paribas and GT Bank to help raise around $1.6 billion for six LNG carrier ships, a banking source close to the deal said on Wednesday.
* Private equity firm Forstmann Little & Company has decided to put its sports and modelling talent agency IMG up for sale and is in the process of picking an investment bank to lead the effort, three people familiar with the matter said.
- Tweet this
- Share this
- Digg this