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Kenya secures $500 mln syndicated medium-term loan facility

Kenya has secured a $500 million 3-year and 5-year syndicated medium-term loan facility, the banks leading the deal said on Thursday. ....

Nairobi Area , South Africa , Bhargav Acharya , Himani Sarkar , Duncan Miriri , Thomson Reuters Trust Principles , Kenya National Treasury , Rand Merchant Bank , Standard Chartered Bank , Standard Bank , National Treasury , Thomson Reuters Trust ,

How UBS can cling on to its Swiss purchase

Sergio Ermotti faces the daunting task of integrating two globally systemic banks. The returning UBS boss’s first big decision, though, has a more domestic focus. The Swiss bank is under pressure to offload Credit Suisse’s local business to ease a political backlash in its home market. By avoiding immediate layoffs, and arguing that the division might not be viable on its own, he might be able to get away with keeping it. ....

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Italy draws sovereign fund interest for $1.1 bln Milan renewal plan

Italy is in talks with sovereign wealth funds (SWFs) from Norway, Saudi Arabia and Singapore over plans worth 1 billion euros ($1.09 billion) to develop a residential area of Milan, the head of a state-owned company told Reuters on Thursday. ....

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Factbox: Who got what in Silvio Berlusconi's will?

Details of how billionaire Italian tycoon Silvio Berlusconi divided up his assets have been made public on Thursday after the will of the former prime minister, who died on June 12, was unsealed. ....

Silvio Berlusconi , Marcello Dellutri , Thomson Reuters Trust Principles , Banca Mediolanum , Pier Silvio , Marta Fascina , Marcello Dell Utri , Valentina Za Editing , Thomson Reuters Trust ,

Morning Bid: Minutes meted, China crunch

A look at the day ahead in U.S. and global markets from Mike Dolan ....

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