Sun, Dec 13, 2015 - Page 15 News List

Business News Quick Take

Agencies

ENERGY

US said to mull oil exports

The 40-year-old ban on most US crude oil exports will “very likely” be lifted in the government spending bill, and talks on the final budget deal are likely to continue through the weekend, a US Senate aide said on Friday. The aide did not want to be identified due to the ongoing nature of the talks. When asked if it was likely that the oil export ban would be lifted, Senate Minority Leader Harry Reid’s spokeswoman Kristen Orthman said there was no final deal yet.

REAL ESTATE

Canada tightens mortgages

The Canadian government on Friday announced a tightening of mortgage rules to curb overspending on homes in a sluggish economy that could collapse with the burst of a possible housing market bubble. Canadian Minister pf Finance Bill Morneau unveiled the increase in minimum down-payment for government-backed mortgages from 5 to 10 percent for homes priced at more than C$500,000 (US$363,451) to address “potential future vulnerabilities in our housing sector.” Average home prices in Canada rose 8 percent year-on-year in October, according to Canadian Real Estate Association data.

BANKING

Deutsche to expand Maxblue

Deutsche Bank AG said it is introducing a free software program that would automatically build and manage securities portfolios for German clients, joining companies such as BlackRock Inc and Bank of America Corp in offering cheaper investment products. Germany’s largest lender developed the AnlageFinder product with Fincite — a Munich-based software company — and is to provide the service as part of its Maxblue online investment platform in its home market from next year, Deutsche said.

RATINGS

UK’s ‘AAA’ rating at risk

Ratings agency Standard & Poor’s on Friday said that the risk of Britain leaving the EU could affect its triple-A ranking. Standard & Poor’s, the only major ratings agency to rate Britain as “AAA,” maintained the ranking with a negative outlook due to uncertainties over a coming referendum on Britain’s EU membership. Another agency, Fitch Ratings Ltd, said on Friday that it believed it was most likely Britain would remain in the EU, saying its outlook was “stable.”

CURRENCIES

Craig Wright bankrupt: report

Craig Wright, the man who has been outed as the possible creator of digital currency bitcoin, was previously issued with a bankruptcy notice valued at A$425,000 (US$305,532) for debts in a liquidated company he was associated with in 2003, the Australian newspaper reported, without saying where it got the information. Wright had a restraining order issued against him after a series of disputes with his former employer, before settling the claim in 2013 and avoiding bankruptcy, the report said.

ACQUISITIONS

Carlyle to buy Hunkemoeller

US private equity firm Carlyle Group on Friday agreed to buy Dutch lingerie chain Hunkemoeller from PAI Partners for an undisclosed amount. Hunkemoeller, founded in 1886 in Amsterdam, has more than 700 retail stores across Europe and the transaction is due to be completed in the first quarter of next year.

This story has been viewed 1975 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top