Business News

1. UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive

   Reuters exclusively reported that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority […]

   The post UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive appeared first on Reuters News Agency.

2. UBS shuts some China private funds, will lay off staff 

   Reuters exclusively reported that UBS is shutting down some of its China private funds business and will lay off one-third […]

   The post UBS shuts some China private funds, will lay off staff  appeared first on Reuters News Agency.

3. ECB set to order UniCredit to reduce Russia business

   Reuters exclusively reported that the European Central Bank is poised to order Italy’s UniCredit to cut back its business with […]

   The post ECB set to order UniCredit to reduce Russia business appeared first on Reuters News Agency.

4. Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender

   Reuters exclusively reported that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around […]

   The post Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender appeared first on Reuters News Agency.

5. Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud

   Reuters exclusively reported that Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in […]

   The post Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud appeared first on Reuters News Agency.