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Samsung Life signs MOU with Dubai firm

scgadmin — Tue, 15 May 2012 05:02:55 +0000

SEOUL -(MarketWatch)- Samsung Life Insurance Co. Ltd. (032830.SE) has signed a legally non-binding memorandum of understanding with the Investment Corporation of Dubai, in a step toward finding opportunities to expand its business in the Middle East, a spokesman for the Korean company said Tuesday.

Jefferies hires internet analysts from UBS

scgadmin — Tue, 24 Apr 2012 05:08:31 +0000

NEW YORK -(MarketWatch)- Jefferies Group Inc. JEF has hired Internet company analysts Brian Fitzgerald and Brian Pitz from UBS AG (UBS, UBSN.VX), according to people familiar with the situation. Fitzgerald will join the investment bank in late-May, while Pitz will start at the firm in the middle of June, one of these people said.

Bourkoff leaves UBS Americas investment-banking

scgadmin — Wed, 18 Apr 2012 18:05:37 +0000

NEW YORK (MarketWatch) — UBS AG’s (UBS, UBSN.VX) head of investment banking for the Americas, Aryeh Bourkoff, has resigned from his position at the company, effectively immediately, according to an internal memorandum sent to employees.

Permira kicks off auction for Iglo Foods

scgadmin — Mon, 16 Apr 2012 22:12:08 +0000

LONDON (MarketWatch) — Private equity firm Permira has launched the anticipated sale process of its frozen foods company Iglo Foods and information memorandums were sent out at the end of last week, people familiar with the situation told Dow Jones Newswires Monday.

HSBC in talks to sell Pakistan operations

scgadmin — Fri, 13 Apr 2012 20:38:03 +0000

LONDON (MarketWatch) — HSBC Holdings PLC (HBC) said Tuesday that it is in discussions to sell its business in Pakistan, the latest effort by the group to slim its global presence as part of a long-running strategic rethink.

Tokyo Bourse, Daiwa to help set up Myanmar market

scgadmin — Fri, 13 Apr 2012 20:38:02 +0000

TOKYO (MarketWatch) — The Tokyo Stock Exchange and Daiwa Securities Group Inc. (8601.TO) have reached an agreement with the Central Bank of Myanmar to help the country establish a stock market by 2015, people familiar with the matter said Wednesday.

PTT mulls bid for Peabody’s Wilkie Creek coal mine

scgadmin — Fri, 13 Apr 2012 20:37:48 +0000

SYDNEY -(MarketWatch)- Thailand’s PTT PCL (PTT.TH) is considering a bid for Peabody Energy Corp.’s (BTU) Wilkie Creek coal mine in Australia, estimated to be worth between A$500 million and A$750 million, two people familiar with the matter said Friday.

PetroVietnam inks SK Holdings energy project deal

scgadmin — Wed, 04 Apr 2012 15:16:55 +0000

HANOI -(MarketWatch)- Vietnam Oil and Gas Group, or PetroVietnam, said Wednesday that it has signed with SK Holdings a memorandum of understanding under which the South Korean firm may join PetroVietnam’s energy projects.

Citi appoints new general counsel

scgadmin — Tue, 03 Apr 2012 23:55:15 +0000

Citgroup Inc. C said it hired Rohan Weerasinghe as general counsel to succeed Michael Helfer. Helfer, who was general counsel for nine years during which Citi went through major changes including receiving $45 billion in government assistance, will become a vice chairman. Citi Chief Executive Vikram Pandit said as of June 1, Helfer will focus “on compliance, domestic and international regulatory issues and overseeing Citi’s implementation of Dodd-Frank,” the complex financial overhaul Congress passed almost two years ago.

Barclays hires head of Mexico operations

scgadmin — Fri, 30 Mar 2012 03:27:47 +0000

NEW YORK -(MarketWatch)- Barclays Capital has hired Raul Martinez-Ostos as country head of its Mexico operations. He is the second hire in the company’s Latin American division from Deutsche Bank AG (DB, DBK.XE). Previously, the bank hired Karan Madan from Deutsche to heads its Latin America region and its fixed income, currency and commodities trading operations there.