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Business - TD Ameritrade and TD bank nearing $4 bln deal to buy Scottrade- source

TD Ameritrade Holding Corp and Toronto-Dominion Bank are nearing buying Scottrade Financial Services [SCTRD.UL] in a $4 billion deal, a source familiar with the matter said. TD Ameritrade, the biggest discount brokerage by trade executions, would acquire Scottrade`s brokerage operations, and Toronto-Dominion would buy Scottrade`s banking operations, the source said. TD Ameritrade, Toronto-Dominion Bank and Scottrade declined to comment.

Sunday, October 23, 2016  23:21


Business - Rockwell broadens its reach with $6.4 billion purchase of B/E Aerospace

After two years of looking to expand, aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 a share in cash and stock, the companies said on Sunday. The acquisition, valued at $6.4 billion plus the assumption of $1.9 billion in debt, expands the range of products Rockwell Collins supplies to major commercial and business aircraft and broadens its customer base internationally. Rockwell on Sunday also reported a 14 percent increase in profit to $1.58 a share in its fiscal fourth quarter ended Sept. 30, on a 4 percent rise in sales.

Sunday, October 23, 2016  23:27


World - Russia opens new cathedral complex in Paris, without Putin

Russia unveiled a new state-financed Orthodox cathedral complex in a prime position near the Eiffel Tower in Paris on Wednesday without the intended guest of honour, President Vladimir Putin. In a statement from Moscow, Putin said the more than 100-million euro ($110 million) complex, built around the cathedral which has five golden domes, was a `visible testament to the cultural and human ties between France and Russia`.

Wednesday, October 19, 2016  17:14


World - Bangladesh says attack investigation yielding results

NEW DELHI (AP) — In the three months since a band of youths tortured and killed 20 hostages in a Dhaka restaurant, Bangladeshi intelligence officials say they`re rooting out radicals and restoring security to the streets. Their evidence? Police raids that have killed about 40 suspected Islamist militants; hundreds of suspects detained in police dragnets; and new information on how the attack was financed by local sympathizers.

Wednesday, October 19, 2016  08:03


Europe - British Bank Abruptly Drops Russian Network RT`s Accounts

The state-financed network, also known as Russia Today, suggested that NatWest`s decision hindered its freedom of speech, though critics consider RT a Kremlin mouthpiece.

Monday, October 17, 2016  17:49


World - Splits plunge S. Africa`s liberation ANC party into turmoil

South Africa`s government has descended into open warfare as a clash between President Jacob Zuma and his finance minister unveils rivalries that could tip the country into instability. Finance Minister Pravin Gordhan, a respected ANC veteran who was heading for a peaceful retirement until his appointment last year, has emerged as the unlikely figurehead of opposition to Zuma. Gordhan, 67, will next month appear in court on criminal charges that he says are a politically-motivated attempt to oust him after he stood up to Zuma and alleged corrupt associates linked to the presidency.

Tuesday, October 18, 2016  10:03


World - Puerto Rico control board wants stay maintained on lawsuits

SAN JUAN, Puerto Rico (AP) — A fiscal control board overseeing Puerto Rico`s finances has asked a federal judge to maintain a stay on lawsuits while it tries to restructure the island`s debt.

Saturday, October 22, 2016  17:48


World - Croatia parliament approves new conservative-led cabinet

ZAGREB (Reuters) - The Croatian parliament approved on Wednesday a new government led by the conservative HDZ party leader Andrej Plenkovic whose main task will be to boost growth and sort out fragile public finances in one of the weakest European Union economies. The new government was formed by the HDZ and its junior center-right reformist partner Most (`Bridge`) after several weeks of negotiations following a Sept. 11 snap election. The government got support of 91 out of 151 parliamentary deputies. (Reporting by Igor Ilic; Editing by Angus MacSwan)

Wednesday, October 19, 2016  20:07


World - China to encourage banks to help fund rural pollution fight: official

China will encourage banks to play a bigger role in providing the financing required to tackle mounting environmental problems in rural regions, a government official said on Friday. The Ministry of Environmental Protection (MEP) has admitted that the countryside has been a `weak link` in the country`s `war on pollution`, which has mainly focused on cutting hazardous smog in industrialized regions like Hebei. The government has been looking for new ways to fund efforts to remediate contaminated land, cut fertilizer use and tackle the vast amounts of untreated household waste that threaten rural soil and water supplies, but governments have continued to foot most of the bill.

Friday, October 21, 2016  08:17


World - Saudi Arabia raises $17.5 bn in first global bond issue

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue -- the first time Saudi Arabia has turned to international markets for financing -- was hailed as historic by investors and according to official media was nearly four times oversubscribed. `It was the biggest syndicated issue ever by any country,` said Jean-Marc Mercier, co-director of the debt capital markets division at HSBC, which took part in the transaction and confirmed the figure.

Thursday, October 20, 2016  12:37

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