Monday 19 August 2013

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08/19/2013
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
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.
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.
Statoil funds growth, OMV seals output with $2.65 billion North Sea deal
OSLO/VIENNA (Reuters) - Norway's Statoil sold stakes in North Sea oil fields to Austria's OMV on Monday, in a $2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output targets.
Ares, Canada's Teachers' to buy CPG International
(Reuters) - Ares Management LLC and Ontario Teachers' Pension Plan will buy building products maker CPG International Inc to take advantage of a recovering U.S. housing market.
Hutchison keeps rock-bottom tariff after Orange Austria buy
VIENNA (Reuters) - Hutchison Whampoa's Austrian telecoms unit will continue to offer a rock-bottom mobile tariff after the integration of Orange Austria, which it bought in January.
Exclusive: Indonesia oil regulator suspends energy tenders amid graft scandal
JAKARTA (Reuters) - Indonesia's energy regulator has suspended all oil, condensate and natural gas sell tenders as it reviews internal procedures after its chairman was caught taking an alleged bribe from an oil trader last week, an agency official said on Monday.
Warsaw bourse to buy stake in Aquis, eyes more takeovers
WARSAW (Reuters) - Warsaw bourse operator GPW agreed to buy 30 percent of start-up share trading exchange Aquis for 5 million pounds ($7.8 million) in its first step to expand outside central Europe, GPW's Chief Executive said on Monday.
Atlas Copco to acquire Edwards Group for up to $1.6 billion
STOCKHOLM (Reuters) - Swedish engineering group Atlas Copco said on Monday it was buying British industrial technology firm Edwards Group for up to $1.6 billion, an investment which should help it offset volatile swings in its mining business.
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.
British engineering firm Kentz rejects takeover offers
LONDON (Reuters) - British engineering firm Kentz said on Monday it had rejected takeover approaches from larger London-listed rival AMEC and Germany's M+W Group, saying both undervalued the company.
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