SocGen confirms in talks to sell Geniki to Piraeus
PARIS (Reuters) - French bank Societe Generale on Wednesday confirmed that it was in talks on a potential sale of its Greek unit Geniki Bank to Piraeus Bank, saying the discussions were at an "advanced stage".
SocGen added that no decision had been made by either party on a transaction, and potential terms were not disclosed.
The talks had earlier been reported by Reuters citing a source at Piraeus.
(Reporting By Christian Plumb)
NEW YORK - U.S. stocks fell on Monday weighed by soft data out of China, lingering concerns over Russia's claim over part of Ukraine and Boeing's latest production setback.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.