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Capital Stage eyes 500-600 mln eur investment in solar parks

FRANKFURT, Dec 20 - Capital Stage, a Hamburg-based operator of wind and solar parks, plans to invest hundreds of millions of euros next year after gaining insurer Gothaer as a partner, its chief executive told a German newspaper.

3:46pm IST

China cuts red-tape for foreign bank branch openings, RMB business

SHANGHAI, Dec 20 - China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalise the banking sector.

1:50pm IST

Oman sovereign fund boosts buying of local stocks

MUSCAT, Dec 20 - Oman's State General Reserve Fund (SGRF) has boosted its buying of shares in the local stock market as prices have slid to attractive levels, the fund's executive president said.

11:15am IST

UPDATE 1-Hovensa refinery deal rejected over contract breach doubts

(Adds confirmation that Hovensa will stop selling fuel on the island in paragraphs 3-4)

7:42am IST

UPDATE 2-U.S. FDA approves AbbVie hepatitis C drug, costs $83,319 for 12 weeks

Dec 19 - U.S. health regulators on Friday approved AbbVie's all-oral treatment for hepatitis C, and the company said the drug would cost $83,319 for a typical 12-week plan, a bit below its huge selling competitor Solvadi from Gilead Sciences.

Regulatory News, IPOs 6:32am IST
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Modi may order insurance, coal reforms if vote delayed - officials

NEW DELHI - Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday.