Money: Scotland – 12th Oct 09

One year ago today, the government announced plans to inject 37 billion pounds into RBS, Lloyds and HBOS which meant the nationalisation of Scotland’s two main banks and the UK’s biggest mortgage lender. So how has Scotland fared over the past year? We take a look. And the government wants retailers to keep cigarettes under the counter and hopes the new rules will stop young people from taking up smoking.

Kuwait’s Securities says eyes KIA’s stake in Zain

KUWAIT (Reuters) – Kuwait’s Securities Group Co said on Sunday that it was studying the possibility of buying part or all of the Kuwait Investment Authority’s stake in telecoms firm

UAE’s Aabar buys $328 million Santander Brasil stake

DUBAI (Reuters) – Abu Dhabi’s Aabar Investments invested $328 million in depositary shares issued by Banco Santander’s Brazilian unit in the unit’s initial public offering, Aabar said in a statement on Sunday.

Tengzhong begins approval process for Hummer buy

SHANGHAI/HONG KONG (Reuters) – Tengzhong, a little-known Chinese machinery maker that has agreed to buy GM’s Hummer brand, said on Monday it has begun to seek regulatory approval for the deal, aiming to close the purchase by early 2010.

1st Financial Services Terminates Merger Agreement With AB&T

1st Financial Services, the parent company of North Carolina-based Mountain 1st Bank & Trust, has been notified by AB&T Financial (AB&T) that it had chosen to terminate the agreement and plan of merger between the two companies. It was pursuant to