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Wednesday, January 22, 2014

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01/22/2014
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
DBS in advanced talks to buy SocGen Asia private bank: sources
SINGAPORE/HONG KONG (Reuters) - Singapore's DBS Group Holdings is in advanced talks to buy Societe Generale's Asian private bank, a deal that would help boost its private banking assets by almost a third, sources familiar with the matter said.
VMWare to buy mobile security firm AirWatch in $1.54 billion deal
(Reuters) - Cloud software maker VMWare Inc said it would buy mobile security company AirWatch for about $1.18 billion in cash and about $365 million in installment payments and assumed unvested equity.
Steelmaker SSAB to buy Nordic rival Rautaruukki for $1.6 billion
HELSINKI (Reuters) - Swedish steelmaker SSAB has agreed to buy Finnish rival Rautaruukki Corp for 10.1 billion Swedish crowns ($1.6 billion) as weak demand forces Europe's smaller players to cut costs and deal with overcapacity.
Credit Agricole agrees sale of Bulgarian unit
PARIS (Reuters) - Credit Agricole said on Wednesday it had agreed to sell its Bulgarian division to Bulgarian bank Corporate Commercial Bank AD (Corpbank) for an undisclosed sum.
Volvo gets first nod for Chinese JV
STOCKHOLM (Reuters) - Volvo said on Wednesday a Chinese agency had approved a joint venture between the world's number two truck maker and China's Dongfeng Motor Group , but that more approvals were still needed.
Austria's Raiffeisen aims for up to $3.9 billion in share sale
VIENNA/FRANKFURT (Reuters) - Raiffeisen Bank International kicked off a year of capital raising for European banks on Wednesday with a share sale that could raise as much as 2.9 billion euros ($3.9 billion) to strengthen its balance sheet and repay state aid.
Kamaz stake may be sold to Russian buyers rather than Daimler: report
MOSCOW (Reuters) - A 23.5 percent stake in Russian truckmaker Kamaz may be sold to Russian buyers rather than its partner Daimler because the German carmaker is not offering a high enough price, Kommersant newspaper reported on Wednesday.
China's Fosun says has enough cash to fund Portuguese insurance deal
SHANGHAI (Reuters) - Chinese conglomerate Fosun International Ltd reassured investors on Wednesday that it has enough cash on hand to fund the 1 billion euro ($1.35 billion) purchase of the insurance arm of a Portuguese state bank and it will continue to buy foreign assets to expand its overseas reach.
Eyeing Watson IPO, Li Ka-shing goes for low-price HK Electric sale
HONG KONG (Reuters) - Tycoon Li Ka-shing made the initial public offering of a Hong Kong utility as cheap as he could, seeking to bolster investor appetite as he considers whether to sell shares in another Li company in what could be the world's biggest-ever retail IPO.
Fiat completes buyout of U.S. carmaker Chrysler
MILAN (Reuters) - Fiat has completed its buyout of Chrysler, making the U.S. business a wholly-owned subsidiary of the Italian carmaker as it gears up to use their combined resources to turn around its loss-making operations in Europe.
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