U.K. & Ireland
British Banks Have $49.5 Billion Loans to U.A.E., Most in Europe, RBS Says British banks are Europe’s biggest
lenders to the United Arab Emirates, constituting $49.5 billion
of the continent’s $87.3 billion loans outstanding to the Gulf
state, Royal Bank of Scotland Group Plc said.
RBS Was Top Dubai World Arranger Since 2007 at $2.3 Billion, JPMorgan Says Royal Bank of Scotland Group Plc was
the biggest underwriter of loans to Dubai World, the state
company seeking to reschedule debt, while HSBC Holdings Plc has
the most at risk in the United Arab Emirates, according to
JPMorgan Chase & Co.
Stocks Rebound From Slump Sparked by Dubai Concern; RBS, Banks, LSE Rally U.K. stocks rebounded from the
worst slump in eight months as concern over a potential default
from Dubai’s state-run companies eased.
Commodities Slump the Most Since June on Strengthening Dollar, Dubai Debt Commodities slumped the most since
June, led by a drop in crude oil and industrial metals, as
Dubai’s attempt to reschedule its debt rattled investors and
spurred a strengthening of the dollar.
Sarkozy Wins Bid to Install Ally Barnier as EU's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
Cadbury Investors Should Sell as Higher Bid From Kraft Unlikely, CER Says Cadbury Plc investors should sell
their shares in the U.K. candy maker because Kraft Foods Inc. is
unlikely to raise its cash-and-stock offer above the current
share price, Consumer Equity Research said today.
Pound Falls Against Dollar on Risk Aversion, Concern U.K. Growth Slows The pound declined against the
dollar after a drop in stocks across the world prompted
investors to sell U.K. assets and on speculation the government
will downgrade its forecast for the economy.
Carphone Warehouse Raises Full-Year Forecast After Earnings, Sales Rise Carphone Warehouse Group Plc,
Europe’s largest mobile-phone and laptop retailer, increased
its full-year profit forecast after first-half earnings and
sales rose, helped by the purchase of Tiscali SpA’s U.K. unit.
De Beers Said to Consider Stake Sale to Help Refinance $1.5 Billion Loan De Beers, the world’s largest
diamond company, discussed with shareholders the possibility of
selling a stake ahead of a March deadline to refinance a $1.5
billion facility, said two people familiar with the proposal.
Chef Mark Hix Breaks Leg After Collision on His Motor Scooter in London Mark Hix, the chef who owns two
London restaurants and opens a third in Selfridges next year,
is in the hospital after breaking his leg in a traffic accident.
Vatican Silence on Abuse Cases Is `Regrettable,' Dublin Bishop Walsh Says The Vatican’s failure to cooperate
with a panel investigating the sexual abuse of children by
priests in Ireland is “very regrettable,” said an auxiliary
Roman Catholic bishop of Dublin, Eamonn Walsh.
Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set
numerical targets for their greenhouse-gas emissions through
2020 may reignite stalled progress for a global climate
agreement at negotiations next month in Copenhagen.
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