Lloyds ceilings for lending to manufacturers with discounted interest rates. Lloyds Bank topped its own estimate of GBP1 billion loans for UK manufacturers before September 2013.
Europe
Blackstone to Gain Control of Multi Corp
Blackstone to pay off debts to recapitalize Multi Corp, the European real estate company. The real estate unit of Blackstone Group LP may wrest control of Multi Corp after its acquisitionof almost half of the corporate debt of the cash strapped shopping mall developer.
Jazztel Growth Entices Major Carriers
Jazztel's increasing growth in the Spanish market is making it very attractive for major telecommunications companies.
Hess Corp. Makes Sale of Russian Unit to LUKOIL
Hess Corp. has announced that it is selling its Russian unit, Samara-Nafta, to LUKOIL in a $2.05 billion deal as activist investors besiege the company for a business change
MetroPCS Communications Hopes for Support from Shareholders
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
Latest News
The proposed merger of MetroPCS Communications and T-Mobile owned by Deutsche Telekom AG appears to have more critics and oppositions in a bid to force Deutsche to offer sweet deal.
First Deputy Prime Minister Shuvalov said that the government will not provide assistance to Cyprus depositors who lost money, except in certain circumstances.
Largest depositors in Cypriot lender Bank of Cyprus are expected to receive bank shares worth just 37.5% of their deposits over 100,000 euros.
European stocks changed a little as Italy faces political deadlock while Cyrus struggles from uncertainty.
Redknee has closed its deal to purchase the Business Support Systems business unit of Nokia Siemens Network.
Areva chief executive officer Luc Oursel told French newspaper Le Figaro that they have interest in acquiring nuclear fuel producer Urenco.
Sources say that KKR has been making a deal to buy a majority stake in French fashion brands Claudie Pierlot, Maje and Sandro
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
