At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
NEW YORK - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. | Video
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
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.
United Spirits chief Mallya not sure of Diageo deal
GREATER NOIDA, India |
GREATER NOIDA, India (Reuters) - Indian liquor baron Vijay Mallya does not know whether a deal for UK drinks giant Diageo Plc (DGE.L) to take a stake in his United Spirits Ltd (UNSP.NS) will be struck or not, he said on Saturday.
Mallya has been scrambling to raise funds for his ailing Kingfisher Airlines Ltd (KING.NS), and has been in talks with the maker of Johnnie Walker whisky and Smirnoff vodka to sell a stake in United Spirits.
"Whenever we need to say something we will, we keep discussing but we don't know whether a deal will happen or not," Mallya told Reuters on the sidelines of the Indian Grand Prix, which he flew in from London to attend.
(Reporting by Alan Baldwin; Editing by Daniel Magnowski)
- Tweet this
- Share this
- Digg this