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Tuesday, August 20, 2013

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08/20/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
BHP delays $14 billion Canada potash push as profit drops
MELBOURNE (Reuters) - BHP Billiton's new chief has put his stamp on the top global miner, mapping out a cautious approach to expanding into the potash market, which it sees as its next big growth business beyond 2020.
Deutsche Wohnen bids $2.3 bln for property rival GSW
FRANKFURT (Reuters) - Deutsche Wohnen offered to buy rival property group GSW Immobilien for 1.75 billion euros ($2.3 billion) to expand in Berlin's booming real-estate market, as a tentative pick-up in Europe's economy attracts international investors.
RBS branch bidders push for speedy deal
LONDON (Reuters) - Two of the three bidders short-listed to buy 315 bank branches from Royal Bank of Scotland have called for the long-running sale process to be completed as quickly as possible, with one describing the outlets as "slightly neglected" under their current ownership.
Versace to build Macau casino resort hotel with SJM
MILAN (Reuters) - Italian fashion house Versace has signed a deal to build a luxury hotel at a casino resort in Macau, Asia's gambling capital, it said on Tuesday.
Boeing undercuts rivals in South Korea fighter contest: sources
SEOUL (Reuters) - Boeing's bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the price ceiling set by the country's arms procurement agency, sources close to the process said on Monday.
KKR, Warburg Pincus vying for Mitchell International: sources
NEW YORK (Reuters) - KKR & Co LP and Warburg Pincus LLC are among the private equity firms competing for Mitchell International Inc, a car and property claims software company that could fetch up to $1.5 billion, according to four people familiar with the matter.
Hungary offers to buy steel maker Dunaferr to save jobs
BUDAPEST (Reuters) - Hungary's government will offer to buy back the loss-making steel maker Dunaferr from Ukraine's ISD group, to prevent a layoff of 1,500 workers planned by the company, Economy Minister Mihaly Varga said on Monday.
Lloyds readies sale of German insurer: source
LONDON (Reuters) - Lloyds Banking Group is readying a sale of its German life insurance business, a source with knowledge of the matter said, as the British state-backed bank exits overseas markets to focus on lending at home.
Alibaba in talks with HKEx on ownership structure ahead of IPO: sources
HONG KONG (Reuters) - Alibaba Group Holding Ltd is in talks with the Hong Kong stock exchange about allowing its founders to maintain control over the Chinese e-commerce company even after it becomes listed, people familiar with the matter told Reuters.
Atlas Copco to diversify into pumps with $1.6 billion Edwards buy
STOCKHOLM (Reuters) - Sweden's Atlas Copco is buying British vacuum pump specialist Edwards Group for up to $1.6 billion in cash as tries to offset deteriorating profits from its mining engineering business, it said on Monday.
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