Devaluations cut 1 pct point off Raiffeisen Bank Int’l capital

VIENNA, Dec 18 (Reuters) – Currency devaluations, mostly in the Russian rouble, have cut Raiffeisen Bank International’s overall capital ratio by one percentage point so far this year, Chief Risk…




GTECH offers to buy back 750 mln euro 2066 bond

MILAN, Dec 18 (Reuters) – Italian gaming company GTECH said on Thursday it was offering to buy back a 750 million euro ($924 million) bond due in 2066 as it gears up for merging with U.S….


Allianz sells Fireman’s Fund personal lines to ACE

FRANKFURT, Dec 18 (Reuters) – German insurer Allianz on Thursday said it had agreed to sell its Fireman’s Fund personal insurance business with high net worth individuals to insurer ACE Ltd. for $365…


GSK shareholders approve asset swap deal with Novartis

LONDON, Dec 18 (Reuters) – Shareholders in British drugmaker GlaxoSmithKline have approved a planned deal with Switzerland’s Novartis, which will see the two pharmaceutical groups trade more than $20…


UPDATE 1-Iliad founder to buy Orange Switzerland for $2.9 billion

LONDON, Dec 18 (Reuters) – Telecoms tycoon Xavier Niel’s NJJ Capital has agreed to buy Swiss mobile operator Orange Switzerland from private equity group Apax Partners for 2.8 billion Swiss francs…