EON Bank eyes personal loan pie

KUALA LUMPUR: It may come as a surprise to many, but EON Bank group is just starting to provide personal loans â?? a basic financial service that all the other commercial banks have been providing all this while. Nonetheless, being the last in the

S.Korea LG Elec says no plan to acquire GE unit

SEOUL, Nov 27 (Reuters) – South Korean handset and
electronics maker LG Electronics said that it had no
plan to acquire GE’s home appliance unit, ending months of
speculation it could be one of the main suitors for the business.

Suicide bomb kills 4 Afghans near U.S. embassy

KABUL (Reuters) – A suicide car bomber struck a convoy of foreign troops near the U.S. embassy in Kabul on Thursday, killing four civilians, the government said.

Market Chatter — Corporate finance press digest

LONDON, Nov 27 (Reuters) – The following corporate
finance-related stories involving U.S. and European companies
were reported by media on Thursday:

DEALTALK-Trimex may soon make play for Indonesia’s Bumi

SINGAPORE, Nov 27 (Reuters) – Trimex, a Middle East
investment vehicle, may throw its hat into the ring for control
of Indonesia’s top coal miner PT Bumi Resources Tbk, after a
private equity firm reportedly scaled back its ambitions to
acquire the miner.
Private equity firm Northstar Pacific may buy only 10-20
percent of Bumi, rather than a recently agreed 35 percent
stake, a business newspaper said on Thursday, citing
Northstar’s chief, opening the door for other investors.

Home insurance ‘lagging behind’ on no-claims discounts

43UK households could be missing out on ‘potentially huge savings’ because home insurers lag behind car insurers in rewarding them with no-claims discounts (NCD), a new report has claimed. Research commissioned by Sainsbury’s Finance found that 26 per

Wall St jumps on tech rebound, GM and energy

NEW YORK (Reuters) – U.S. stocks climbed on Wednesday as investors snapped up tech stocks trading near their cheapest levels in five years, and renewed hopes of a General Motors bailout helped investors shrug off data depicting a worsening global

Holiday sales begin before turkey grows cold

NEW YORK (Reuters) – Thanksgiving Day may mean leisurely time with family for many Americans, but some U.S. stores were set to open to shoppers on the holiday itself, hoping to salvage what could be a disastrous holiday sales season.