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GE, Alstom land $5.6 billion deals to supply Indian railway

BY Reuters |

General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India's railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise.
GE to sell Australia, NZ commercial lending portfolio to Bain affiliate

BY Reuters |

GE said on it had agreed to sell GE Capital's commercial lending and leasing portfolios in Australia and New Zealand to Sankaty Advisors, the global credit affiliate of Bain Capital.
India plans to sell 5 pct stake in Container Corp

BY Reuters |

The government is planning to sell a 5 percent stake in state-run Container Corp, a notice seeking interest from investment banks to manage the sale worth about $200 million at current market price showed.
ABN Amro pays fines over Dubai irregularities ahead of IPO

BY Reuters |

Days before its initial public offering, Dutch bank ABN Amro said it has paid fines to regulators in the Netherlands and Dubai over "serious shortcomings" in vetting clients and managing risk at its private banking operations.
Bank of Tokyo-Mitsubishi UFJ opens Islamic finance business in Dubai

BY Reuters |

Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) has launched its Islamic finance business in Dubai, to focus on sharia-compliant loan syndications with later plans to offer project financing, a bank official said.
MIDEAST DEBT-Saudi Arabia downgrade may contribute to Gulf debt repricing

BY Reuters |

A downgrade of Saudi Arabia's sovereign debt by Standard and Poor's at the weekend may contribute to a gradual repricing of the Gulf's international bonds to lower levels as they reflect risks created by low oil prices.
Surge in SME debt defaults exposes flaws in UAE insolvency rules

BY Reuters |

A softening in the United Arab Emirates' economy has led to a surge in small and medium-sized businesses defaulting on debt, dragging on banks' performance and highlighting the need for a new bankruptcy law.
Egypt bourse hit by emerging market storm, sees new IPOs in 2016

BY Reuters |

Egypt's stock exchange was hit by this year's rout in emerging markets, leading firms to postpone share offerings and liquidity to dry up, but parliamentary elections should help restore investor confidence in 2016, chairman Mohamed Omran said.
Thai regulator sees $1 bln investment in govt solar farms

BY Reuters |

Thailand's energy regulator said on Monday it expected an investment of at least 36 billion baht ($1.01 billion) next year in the government's solar farm project, which attracted strong interest from private producers and state agencies.
Gulf's private-sector growth slows as price of oil falls

BY Reuters |

The private sector in the two biggest Gulf Arab economies grew at the slowest pace in years in October, corporate surveys showed, indicating low oil prices are starting to slow business activity across the region.