MELBOURNE (Reuters) - Foster's Group Ltd, Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion (1.6 billion pounds) for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
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LONDON (Reuters) - The top share index fell on Wednesday, led down by banks on nagging concerns about the health of European banks, while worries over Australia's tax plan continued to dog mining stocks.
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LONDON (Reuters) - BP is due to release its internal investigation into what caused a rig blast that led to the United States' worst ever oil spill on Wednesday and investors will be looking for clues as to whether BP will be able to fend off accusations of gross negligence.
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LONDON (Reuters) - Manufacturing output maintained a healthy pace of growth in July and industrial output recovered from a dip caused by an early start to oil rig maintenance in June, official data showed on Wednesday.
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LONDON (Reuters) - Dana Petroleum rejected a hostile 1.67 billion pound bid from Korea National Oil Corp (KNOC) on Wednesday, citing an independent valuation that said the UK explorer was worth considerably more.
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LONDON (Reuters) - British House prices rose for the second month running in August, mortgage lender Halifax said on Wednesday, confounding expectations for a fall though it still expected house prices to stagnate overall this year.
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HONG KONG (Reuters) - China Mobile shares fell the most in a year after Vodafone Group Plc sold its stake in the company for $6.5 billion (4.2 billion pounds), nearly double what it paid, but analysts expect the stake sale to have no major impact on the Chinese firm.
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LONDON (Reuters) - Business minister Vince Cable said on Wednesday Bob Diamond's rise to the top post at Barclays bank highlights the task the government faces in trying to make the banking sector safer.
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LONDON (Reuters) - World shares were generally weaker on Wednesday but gaining in Europe, subject to another bout of on-again, off-again investor jitters, this time about European banks.
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TORONTO/SINGAPORE (Reuters) - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.
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