Saudi's Dar Al Arkan weighs Morocco, European investments -chairman

DUBAI, Dec 12 Major Saudi Arabian real estate firm Dar Al Arkan is considering whether to invest in a housing project in Morocco, its chairman Yousef al-Shelash told Reuters on Tuesday.

3:24pm IST

Botswana's 2017/18 budget in surplus at half-year mark

GABORONE, Dec 12 Botswana's national budget recorded a cumulative surplus of 100 million pula ($10 million) half way through the 2017/18 fiscal year, but was still expected to record a full year deficit.

3:23pm IST

UPDATE 1-Merging Poland's top two banks worth a thought -shareholder

WARSAW, Dec 12 A merger between Poland's top banks PKO and Pekao would strengthen their position on the competitive European market and is worth considering, but no actions have been taken to move it forward, a Pekao shareholder said.

3:16pm IST

Seadrill bondholders propose alternative debt restructuring -sources

OSLO, Dec 12 An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday.

Fitch Assigns China Science & Merchants First-Time 'B+' Rating

(The following statement was released by the rating agency) HONG KONG/TAIPEI, December 12 (Fitch) Fitch Ratings has today assigned China Science & Merchants Investment Management Group Co., Ltd. (CSC) a Long-Term Issuer Default Rating (IDR) of 'B+'. The Outlook is Stable. CSC is one of the larger private equity (PE) companies in China. It had CNY36 billion of assets under management across more than 150 managed funds as of December 2016. Company Chairman Xiangshuang Shan holds 40% of the company

3:13pm IST
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Adani says will 'adjust to constraints' after Australia coal loan veto

SYDNEY Indian conglomerate Adani Enterprises said on Tuesday it would "adjust" to any constraints placed on its A$16.5 billion ($12.4 billion) coal mine project in Australia after seeing a government loan vetoed by the Queensland state premier.