Business

Buffett Loses Bidding War For Energy Company

Buffett Loses Bidding War For Energy Company

However, this time, Elliott Management Corp. played a vital role in the finalization of the Oncor-takeover deal, with it being the largest creditor of bankrupt Energy Future Holdings. Sempra has been working on its bid for weeks while Elliott and Berkshire fought publicly, according to a person familiar with the matter who asked not to be identified because the details aren't public.


A positive start while investors set to focus on the Euro

A positive start while investors set to focus on the Euro

Gold lost a little ground but ongoing military exercises between the USA and South Korea are keeping the troubled Southeast Asian region in investors' minds and underpinning haven demand. The dollar edged higher against the euro in early trading in Europe ahead of a closely-watched meeting of central bankers in Jackson Hole in Wyoming this week.


US Slashes Visa Services in Russian Federation

US Slashes Visa Services in Russian Federation

Further, the mission has announced that the U.S. Embassy in Moscow and the Consulate in St. Petersburg will no longer accept new visa applications for residents of Belarus. Mission to Russia told anyone with a visa interview scheduled at any consulate outside Moscow could reschedule it in the embassy in the Russian capital.


Asia week ahead: Jackson Hole Conference, CPI updates

Asia week ahead: Jackson Hole Conference, CPI updates

Emerging markets have achieved stellar gains this year but investors using the euro have largely missed out due to the currency conversion. At Jackson Hole , Yellen may provide clues to the prospects for further rate hikes and the unwind of the Fed's balance sheet while European Central Bank president Mario Draghi may comment on ending Europe's quantitative easing .



UK July Government Borrowing Surplus Of £0.2bn, Interest Payments Increase

United Kingdom public finances posted a monthly surplus in July, with production, income and wealth tax receipts growing strongly, but the overall borrowing in the first four months of the fiscal year grew significantly compared with last year, as above-target inflation pushed up the cost of servicing Britain's debt.