HONG KONG -(Dow Jones)- Investors in Asia have become more keen on distressed investing despite the illiquid nature of such investments, said Antoine Broquereau, Societe Generale SA's managing director of cross-asset solutions and head of structuring group in Asia.
BUDAPEST -(Dow Jones)- Hungary intends to maintain ties with the International Monetary Fund but has no plans for a new standby loan agreement, Economy Minister Gyorgy Matolcsy said Friday.
SEOUL -(Dow Jones)- Bank of England Deputy Governor Paul Tucker said Friday that the Financial Stability Board and the Basel Committee for Banking Supervision are making "substantive progress" on devising new capital and liquidity requirements for banks, "notwithstanding what has been in the press."
BOGOTA -(Dow Jones)- Shares of Colombian state-controlled telephone company Empresa de Telecomunicaciones de Bogota SA (ETB.BO), or ETB, lost 27% Thursday after the company halted the process to sell a controlling stake as no bidders showed up.
LONDON -(Dow Jones)- Cairn Energy PLC (CNE.LN) said Thursday it has restarted operations on the oil drilling rig it has under contract offshore Greenland following the end of a protest by Greenpeace.
CANBERRA -(Dow Jones)- Australian independent lawmaker Andrew Wilkie on Thursday said he will back the center-left Labor Party, a move that delivers some momentum to Prime Minister Julia Gillard's bid to form a minority government after an inconclusive national election in late August.
