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Wednesday, January 24, 2018

China's HNA Group says wins compliance clearances from JPMorgan, UBS, other banks

HONG KONG (Reuters) - China's HNA Group [HNAIRC.UL] said it has passed compliance checks of several global banks, a rare bit of good news for the cash-strapped conglomerate amid global regulatory scrutiny of its governance and ownership.

Exclusive: China's state-owned firms to face more mergers, bankruptcies

DAVOS, Switzerland (Reuters) - China's state-owned enterprises will face more mergers and bankruptcies as the government overhauls the lumbering state sector, the head of the country's state asset regulator told Reuters.

Ex-Obama administration official in exclusive talks with Weinstein Co: source

(Reuters) - The Weinstein Company has entered into exclusive negotiations to sell the studio with a group of investors led by former Obama administration official Maria Contreras-Sweet, a source familiar with the matter said on Tuesday.

UK regulator puts hurdle in path of Murdoch's $15.7 billion Sky deal

LONDON (Reuters) - Rupert Murdoch's $15.7 billion takeover of European broadcaster Sky should be blocked unless a way is found to prevent the media tycoon from influencing the network's news output, Britain's competition regulator said.

Exclusive: China's HNA considers IPO for cargo handler Swissport - sources

FRANKFURT (Reuters) - China's HNA Group [HNAIRC.UL] is considering an initial public offering (IPO) or sale of cargo handler Swissport as the cash-strapped conglomerate seeks to fix its finances, people close to the matter said.

Russia's VTB to consider purchase of Vozrozhdenie bank: agencies

MOSCOW (Reuters) - Russian second-largest lender VTB will consider acquiring mid-sized Vozrozhdenie bank , VTB head Andrei Kostin said, according to Russian news agencies on Wednesday.

Eletrobras expects to raise up to $4 billion in new share sale: CEO

(Reuters) - Brazilian power utility Centrais Elétricas Brasileiras SA expects to raise up to $4 billion with the sale of new shares as part of its privatization, its chief executive officer told newspaper Valor Econômico.

Saudi regulator asked to study local market impact of Aramco IPO

KHOBAR, Saudi Arabia/RIYADH (Reuters) - An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market.

F1 legend Lauda comes from behind to beat IAG in race for Niki

VIENNA (Reuters) - Former motor racing champion Niki Lauda has won the bidding for the Niki airline he founded, convincing the insolvent carrier's administrators in marathon talks and undoing an agreed deal with British Airways owner IAG .

POSCO to set up battery materials JVs with China's Zhejiang Huayou Cobalt

SEOUL (Reuters) - POSCO , South Korea's top steelmaker, said on Wednesday it will set up two joint ventures to produce lithium-ion battery materials with China's Zhejiang Huayou Cobalt , one of China's top cobalt producers.