Julius Baer Group Ltd. took over Merrill Lynch businesses in Lebanon, Bahrain and the United Arab Emirates and reiterated a target for adding assets it agreed to acquire from Bank of America Corp. last year.
A reduction of Austria’s stake in Oesterreichische Post AG, which is being considered in negotiations to form a new government, may lift the company’s share price on increased liquidity, analysts said.
Relations between Israel’s wealthiest person Beny Steinmetz and the mineral-rich African nation of Guinea have deteriorated to such an extent that neither the billionaire nor any of his representatives plan to attend a final hearing into the ownership of a prized iron-ore asset.
Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
Norway, western Europe’s largest gas exporter, may face legal action from owners of the Gassled pipeline network after the government decided against reversing a decision by the previous administration to cut tariffs.
Australian banks are set for a lending boost as Prime Minister Tony Abbott champions ventures to revitalize the economy, accelerating some of the more than A$80 billion ($72 billion) of infrastructure projects.
Emirates NBD Asset Management Ltd., owned by the United Arab Emirates’ second-biggest bank, said it tied up with Jupiter Asset Management to advise on four global funds as assets under management surge.