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News

28 Nov UPDATE 3-South African Airways shunned by insurers as financial doubts grow

Posted at 17:02h in News by KMFSLLP 0 Comments

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* Officials holding urgent talks on airline's future (Adds Bryte reverses position, detail, context)

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28 Nov LVMH buys into luxury rose wine

Posted at 17:02h in News by KMFSLLP 0 Comments

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Moet Hennessy, LVMH's wines and spirit unit, said on Friday it had acquired a 55% stake in Chateau d'Esclans, a rose wine producer in the scenic Var region of southeastern France.

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28 Nov EU watchdog tells banks to get a grip on costs, merge or close

Posted at 17:00h in News by KMFSLLP 0 Comments

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Banks in the European Union could close branches, merge or leave the market to reverse a "bleak" outlook for profitability, the bloc's banking watchdog said on Friday.

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28 Nov Four insurers battle for Spanish market share with Caser takeover – sources

Posted at 16:58h in News by KMFSLLP 0 Comments

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The Netherlands' biggest insurer NN Group NV and Belgian rival Ageas are vying to win market share in Spain as they prepare final bids to take control of domestic insurer Caser Seguros ahead of a Dec. 3 deadline, sources said.