Europe
RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says Royal Bank of Scotland Group Plc was
the biggest underwriter of loans to Dubai World, the state
company seeking to reschedule debt, while HSBC Holdings Plc has
the most at risk in the United Arab Emirates, according to
JPMorgan Chase & Co.
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
Sarkozy Wins Bid to Install Ally Barnier as EU's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
British Banks Have $49.5 Billion Loans to U.A.E., Most in Europe, RBS Says British banks are Europe’s biggest
lenders to the United Arab Emirates, constituting $49.5 billion
of the continent’s $87.3 billion loans outstanding to the Gulf
state, Royal Bank of Scotland Group Plc said.
European Economic Confidence Climbs to Highest Level Since Lehman Collapse European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-nation euro region is gathering strength.
De Beers Said to Consider Stake Sale to Help Refinance $1.5 Billion Loan De Beers, the world’s largest
diamond company, discussed with shareholders the possibility of
selling a stake ahead of a March deadline to refinance a $1.5
billion facility, said two people familiar with the proposal.
Cadbury Investors Should Sell as Higher Bid From Kraft Unlikely, CER Says Cadbury Plc investors should sell
their shares in the U.K. candy maker because Kraft Foods Inc. is
unlikely to raise its cash-and-stock offer above the current
share price, Consumer Equity Research said today.
Siemens Hearing-Aid Division Said to Draw Interest From KKR, BC Partners Siemens AG’s hearing aid business,
valued at as much as 3 billion euros ($4.5 billion), is drawing
interest from private-equity firms including KKR & Co. L.P. and
BC Partners Ltd., two people familiar with the matter said.
Spanish Bullrings, Fake Eiffel Towers Can't Prevent 20% Unemployment Rate Bullrings and fake Eiffel Towers may
not be enough to hold back the tide of surging unemployment in
Spain, Europe’s one-time engine of job growth.
Iceland Abandons December European Union Accession Bid Amid Depositor Spat Iceland has abandoned plans to start
entry talks with the European Union next month after the bloc
said a failure to resolve U.K. and Dutch depositor claims would
prevent the island from moving forward on its membership bid.
Germany's Former Defense Minister Jung Quits on Deadly Afghan Air Strike German Labor Minister Franz Josef
Jung, the former defense minister, resigned a day after the
opposition accused him of withholding information on an air
strike in Afghanistan that killed as many as 142 people.
BMW Heiress Klatten Wins $14.2 Million Ruling Against Sex-Tape Blackmailer Susanne Klatten, Germany’s
wealthiest woman and member of automaker BMW’s controlling
family, won a 9.5 million euro ($14.2 million) judgment against
the man who blackmailed her over sex tapes.
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