Tanzania will ease controls on foreign ownership of its stocks and bonds by next year as the country seeks to attract investment to finance infrastructure projects that will cost billions of dollars, President Jakaya Kikwete said.
Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more attractive.
Euro-area lenders shown to have serious shortfalls in capital may be told by domestic regulators to increase equity even before the European Central Bank’s Comprehensive Assessment is finished, ECB Supervisory Board Chair Daniele Nouy said.
Tanzania may delay its debut Eurobond until its next fiscal year after a delay in getting a risk assessment by Citigroup Inc. slowed the issuing of credit ratings, Finance Ministry Permanent Secretary Servacius Likwelile said.
Ireland, home to one of the world’s biggest banking implosions, is now the scene of a skirmish between lenders and regulators that offers a warning to the European Central Bank as it conducts its own probe into the region’s balance sheets.