NowMyNews

Demand for shares in the initial public offering of renewable energy firm Abengoa Yield Plc was $10 billion, more than 16 times what was on offer, the chief executive of Spanish parent company Abengoa told Reuters on Friday. _0"> The class="mandelbrot_refrag"> banks handling the share sale would sell a greenshoe package of 3.727 million shares in the coming hours, CEO Manuel Sanchez Ortega said by telephone from New York. The shares priced earlier on Friday at $29 per share, valuing Abengoa Yield at around $2.32 billion. (Reporting by Jose Elias Rodriguez; Writing by Fiona Ortiz ; Editing by Sonya Dowsett)   true      

Greece's fourth-biggest lender Alpha Bank is close to clinching a deal to buy Citibank's class="mandelbrot_refrag"> retail operations in class="mandelbrot_refrag"> Greece , two Greek banking sources told Reuters on Thursday. _0"> Greece's debt crisis has prompted foreign class="mandelbrot_refrag"> banks , including France's Credit Agricole and Societe Generale, to sell local units to Greek banks in recent years. "We're close," said one banking source who spoke on condition of anonymity. "There are just some formalities left."   true       Greece's bank bailout fund, the HFSF, a majority owner of Alpha Bank with a 69.9 percent stake, has approved the deal, a second source told Reuters. "We have given the green light," the source said. Greece's top four class="mandelbrot_refrag"> banks control about 90 percent of its banking market after a wave of consolidati

class="mandelbrot_refrag"> China and Britain will sign business deals worth at least $30 billion next week during a visit to London by China's Premier Li Keqiang, the Chinese ambassador to Britain said on Friday. _0"> "The total value may be record-breaking," Liu Xiaoming, China's ambassador to Britain, told a news conference in London, saying that over 40 separate agreements whose total value was at least $30 billion would be signed. The deals would cover a range of sectors, including energy, education and class="mandelbrot_refrag"> finance , he added. "This visit is a priority to class="mandelbrot_refrag"> China and the UK. Expectations are very high," he said, saying Li would be joined by over 200 Chinese business leaders.   true       The two sides will discuss possible Chinese investment in Britain's planned HS2 high-speed rail network linking the north of England with London and in its nuclea

Japan's Mitsubishi Heavy Industries is considering taking a direct stake in French class="mandelbrot_refrag"> engineering group Alstom as part of an offer with Germany's Siemens, two French newspapers said on Thursday. _0"> Financial daily Les Echos said Mitsubishi is considering buying part of French Bouygues's 29 percent stake in Alstom and would also buy Alstom's steam turbines while Siemens would take over its gas turbines. At a later stage, after an expected offer for Alstom on June 16, Siemens would contribute its transport assets to Alstom, which would remain a listed company with activities in power grids, wind turbines and transports, les Echos wrote.   true       Le Figaro said Mitsubishi would propose an alliance with Alstom modeled on the Renault-Nissan alliance, which would involve Mitsubishi taking a minority stake in Alstom's power activities (excluding grids) or even buying part of Bouygues's stake. The paper said Siem

The world's biggest would-be drugs merger hit a wall last month but speculation about smart ways that Pfizer could yet seal a deal with AstraZeneca remains intense. Even as talks fell apart last month, some in Pfizer's camp remained optimistic the transaction could be revived - and certain AstraZeneca advisers have not ruled out renewed talks. Under British takeover law, the UK firm can approach Pfizer at the end of August to discuss a sweetened bid, or Pfizer can try again in November. While the most obvious method for Pfizer to win AstraZeneca around might seem to be more cash, some class="mandelbrot_refrag"> hedge funds think the U.S. firm could structure payouts by tying them to the performance of key AstraZeneca drugs.   true       A so-called contingent value right, or CVR, was a winning formula for class="mandelbrot_refrag"> Sanofi in its 2011 battle for Genzyme and the tradeable product - promising additional payouts once future benchm

(The following statement was released by the rating agency) Money market fund outflows from Credit Suisse were only moderate in May following its guilty plea to helping US clients evade tax, Fitch Ratings says. Money fund flows are driven by various factors, including pricing, and can react to headline risk either by reducing exposures or by shortening maturities. class="mandelbrot_refrag"> Banks do not rely on these short-term funds and in most instances place deposits from the money funds with the Federal Reserve.   true       US prime money fund allocations to Credit Suisse fell 8% in May compared to relatively stable total prime fund assets, according to data from Crane. The monthly decline is higher than the average monthly variance of 4.8% for Credit Suisse's money fund exposures over the previous six months. But the exposures are still slightly above the end-2013 level, so the overall fall is not material. The bank was still one of the top 15 hel

When he became Argentina's class="mandelbrot_refrag"> economy minister late last year, many in the business community feared Axel Kicillof, who was once described by a critic as a "flaming Red Marxist," might plunge Latin America's No. 3 economy deeper into isolation in the name of ideology. Instead, the enigmatic scholar who previously lambasted foreign firms for "looting" the country, has in a few months resolved some of Argentina's long-running disputes with companies and creditors, in a bid to attract investment back into the country. Deals with the Paris Club of creditor nations to pay back almost $10 billion in debt and with Spanish oil major Repsol to compensate it for the seizure of energy company YPF have sent Argentine bonds and equities climbing as investors show renewed confidence in a country that has been cut off from global credit class="mandelbrot_refrag"> markets since a 2001/02 default.   true       Th