In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.
Sectors
SBI invests in Equifax
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
Air Serbia launched and expansion plans to come after profitability
If the new airline becomes profitable, expansion through acquisition of other airlines in the European countries would be next on the agenda for Air Serbia, according to Deputy Prime Minister Aleksandar Vucic.
Dongfeng wavering on PSA Peugeot Citroen investment
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
Libya exercises right of first refusal over Marathon Oil's shareholdings in Waha Oil
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
Latest News
Blackstone Group LP President Tony James sold 3.25 million shares managed through a firm controlled by his family.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
Davaadorj Ganbold said that major issues between the mining firm and the government have been ironed out but some still remain.
Hindustan Unilever Ltd reported revenues and profits as sales revenues from soap and skin care. The Indian subsidiary of the second largest consumer goods company in the world, Hindustan Unilever Ltd, reported profits for the second quarter.
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
SAP CFO Werner Brandt squashed rumors of SAP's interest in BlackBerry through an interview with Euro am Sonntag.
The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
Obama, in a fundraising speech, said that the differences between Democrats and Republicans were exemplified in the recent budget impasse.
