NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
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.
KB's talks to buy ING South Korea unit to continue until next week
SEOUL (Reuters) - KB Financial Group Inc (105560.KS) Chairman Euh Yoon-dae said talks with ING Groep NV (ING.AS) to buy the Dutch bank and insurer's South Korean insurance unit are still ongoing.
"Negotiations are expected to continue until next week," Euh told reporters on Wednesday, in reply to a question about its bid to acquire the ING insurance unit.
Euh said he hopes the deal will be concluded in two or three weeks but declined to give details of the negotiations.
Last week, South Korean media reported that KB Financial is expected to agree to buy ING's domestic insurance business in a deal worth at least $2.2 billion.
(Reporting by Joyce Lee; Writing by Denny Thomas; Editing by Ryan Woo)
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