UPDATE 1-Saudi Hollandi Bank Q4 net profit up 2.7 pct

* 22.7 pct earning drop from Q3 on lower operating income

Hochtief Airports sales process put on ice

FRANKFURT, Jan 14 (Reuters) – German construction
company Hochtief has put the auction of its airports
business on ice after failing to sell the unit in 2011.

India cbank sets pay guidelines for pvt, foreign bank execs

MUMBAI, Jan 14 (Reuters) – India’s central bank has
set guidelines for compensation of senior bank executives,
imposing restrictions on guaranteed bonus, severance pay as well
as a cap on variable pay, in line with global moves to
rationalise pay struc…

India cbank sets pay guidelines for pvt, foreign bank execs

MUMBAI, Jan 14 (Reuters) – India’s central bank has
set guidelines for compensation of senior bank executives,
imposing restrictions on guaranteed bonus, severance pay as well
as a cap on variable pay, in line with global moves to
rationalise pay struc…

Italian cruise ship runs aground, six reported dead

ROME, Jan 14 (Reuters) – A large Italian cruise ship
carrying more than 4,000 people ran aground on a sandbar off the
west coast of Italy overnight, and rescue workers were quoted on
Saturday as saying at least six people had been killed in the
inciden…

German FinMin, banks to discuss French proposal

BERLIN, June 28 (Reuters) – Germany’s finance ministry will
discuss with German banking chiefs on Thursday a French proposal
detailing private sector involvement in a second Greek bailout
package, Deputy Finance Minister Joerg Asmussen said on Tuesday….

Seoul shares dip 0.4 pct as refiners lose ground

SEOUL, June 23 (Reuters) – Seoul shares slipped on Thursday
after recent substantial rebounds, and after the U.S. Federal
Reserve cut its forecasts for U.S. economic growth this year and
next without signalling further plans for stimulus.

African Markets – Factors to watch on June 8

June 8 (Reuters) – The following company announcements,
scheduled economic indicators, debt and currency market moves
and political events may affect African markets on Wednesday.

TenneT launches sale of German offshore power cables

AMSTERDAM, April 29 (Reuters) – Dutch electricity grid
operator TenneT said on Friday it had asked institutional
investors to buy stakes in two German offshore power cables as
it seeks to recoup some of the 1.2 billion euros investment.

UPDATE 3-Federal-Mogul posts higher Q1 earnings

* Co’s sales to rise in drive toward fuel-effiency-CEO
(Adds CEO quotes, background, sales growth by region, byline)

UPDATE 1-NY City police pension fund OKs hedge fund stake

NEW YORK, March 2 (Reuters) – The board of New York City’s
police pension fund has approved the first investment in a
hedge fund by any of the city’s pension funds, the city
comptroller said on Wednesday.

White House plans raise prices on govt mortgages

WASHINGTON, Feb 8 (Reuters) – The White House budget
proposal to be unveiled next week includes an increase in
borrowing costs for loans backed by the Federal Housing
Administration, industry sources said on Tuesday.