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Blacksone to buy Strategic Hotels in deal valued at $3.93 bn Blacksone to buy Strategic Hotels in deal valued at $3.93 bn The private equity firm Blackstone will buy real estate investment trust Strategic Hotels & Resorts Inc in a cash deal valued at USD 3.93 billion.
EU approves $13.4 billion GE's Alstom buyout EU approves $13.4 billion GE's Alstom buyout The EU announced Tuesday it had approved a deal under which US giant General Electric will acquire the energy business of French company Alstom for 12 billion euros (USD 13.4 billion), after Alstom agreed to sell some assets to an Italian rival.
Bahrain`s Gulf Air to buy up to 50 Airbus planes: Minister Bahrain`s Gulf Air to buy up to 50 Airbus planes: Minister Bahrain`s national carrier Gulf Air is planning to buy up to 50 Airbus aircraft, the country`s Information Minister Isa Abdulrahman Al Hammadi told AFP Tuesday.
Lufthansa hits back as striking pilots threaten more action Lufthansa hits back as striking pilots threaten more action Germany`s Lufthansa hit back at striking pilots on Tuesday, taking the long-running dispute to the courts and saying it would no longer hire new pilots under generous German labour contracts.
China scraps dividend tax for long-term investors China scraps dividend tax for long-term investors Chinese investors holding a stock for more than one year will be exempted from a 5-percent dividend tax from Tuesday, a move aimed at boosting long term investment following recent stock market collapse in the world's second biggest economy.
European stocks rally on eurozone data, Shanghai gains European stocks rally on eurozone data, Shanghai gains Europe`s main stock markets rallied Tuesday on upwardly revised eurozone economic growth data and gains in Shanghai, dealers said.
Eurozone growth revised up to 0.4% in second quarter Eurozone growth revised up to 0.4% in second quarter The 19-nation eurozone grew by 0.4 percent in the second quarter, official data showed on Tuesday, revising upward a first estimate that triggered worry the crisis in Greece had destabilised growth in Europe.
China's foreign trade declines, record drop of forex reserves China's foreign trade declines, record drop of forex reserves China Tuesday said its foreign trade in August decreased 9.7 percent year on year to about USD 320.8 billion amid rising concerns over the record drop of USD 93.9 billion in the Communist giant's foreign exchange reserves last month.
Asian stocks hold gains after China data in volatile trade Asian stocks hold gains after China data in volatile trade The weak data raised expectations of more policy easing in the coming months. A Reuters poll at end-August showed a 80 percent of respondents expected a further cut in the reserve requirement ratio and 70 percent saw a chance of interest rate cuts. 
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