Top Prudential investors warm to giant AIA deal
LONDON (Reuters) – Major shareholders in Britain’s Prudential are warming to the insurer’s $35.5 billion bid for AIG’s Asian business following meetings with chief executive Tidjane Thiam, investor sources said.
Samsung Life gets bourse nod for record $4 billion IPO
SEOUL (Reuters) – The South Korean bourse on Thursday approved an estimated $4 billion IPO by leading life insurer Samsung Life Insurance, paving the way for what is likely to be the country’s biggest share float in May.
Financial reform deal fails, Dodd to move ahead
WASHINGTON (Reuters) – Senator Christopher Dodd said on Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down.
BP to pay Devon $7 billion for oil fields
LONDON/NEW YORK (Reuters) – BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world’s top oil companies look to acquisitions to refill depleting reserves.
Obama presses China on currency in trade speech
WASHINGTON (Reuters) – President Barack Obama pressed China on Thursday to move to a “more market-oriented exchange rate” in a speech where he laid out a plan to boost U.S. exports in the coming years.
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