NEW YORK - Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank could soon reduce its massive bond buying program.
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.
Samsung Techwin, Doosan Heavy mull bids for Italy's AnsaldoEnergia
SEOUL (Reuters) - Two affiliates of South Korean conglomerates Samsung and Doosan said on Friday that they may make bids for AnsaldoEnergia, the power engineering unit of Italy's indebted defense firm, Finmeccanica SpA (SIFI.MI).
The two firms are precision engineering firm Samsung Techwin Co Ltd (012450.KS) and shipbuilder Doosan Heavy Industries and Construction Co Ltd (034020.KS).
Finmeccanica is selling its 55 percent AnsaldoEnergia stake and other assets for a total of 1 billion euros ($1.3 billion) as part of a turnaround of Italy's No.2 industrial group.
"We are considering acquiring AnsaldoEnergia as a part of our plan to grow the energy equipment business, but a final decision has yet to be made," Samsung Techwin said in a filing to the stock exchange.
Finmeccanica on Wednesday appointed a new chief executive after its former CEO was arrested earlier this week for allegedly paying bribes to win a $750 million Indian contract.
($1 = 0.7495 euros)
(Reporting by Hyunjoo Jin)
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