Word: scotland
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...biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek--which will put up an initial $1.9 billion--CDB will fork over $3 billion for a stake in Barclays, the British bank locked in a struggle with a consortium led by Royal Bank of Scotland (RBS) to acquire Amsterdam-based ABN Amro. If Barclays increases its $94 billion cash-and-stock bid--unlikely unless Barclays' stock price rises--to beat RBS's $98 billion offer, CDB will boost its stake in Barclays to $13.5 billion, making it by far the biggest Chinese offshore investment ever...
...enduring reputation as a sponsor of terror and reintegrate into the international community. "Lockerbie belongs to the past - it's history," assures Saif al-Islam Gaddafi, second-born son and potential heir of Libyan leader Muammar Gaddafi, referring to the deadly 1988 bombing of a Pan Am jet over Scotland, one of several terror attacks for which Libyan agents have been tried and convicted. Though Libya denies responsibility for those attacks, Gaddafi acknowledges they, together with the country's provocative stance toward Western nations over the past quarter century, have complicated efforts to normalize its diplomatic relations. "The time...
...biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek - which will invest an initial $1.9 billion - CDB will fork over $3 billion for a stake in Barclays, the British bank now locked in a struggle with a consortium led by Royal Bank of Scotland (RBS) to acquire Amsterdam-based ABN Amro. If Barclays' $94 billion cash-and-stock bid prevails against RBS's $98 billion offer, CDB will boost its stake in Barclays to $13.5 billion, making it by far the biggest Chinese offshore investment ever...
...offered in cash. That's more than its previous approach - the all-stock bid, agreed with ABN back in April, was worth around $90 billion - but still falls short of the $98 billion offered last week by a consortium of European banks led by Royal Bank of Scotland. That bid, backed by Spain's Santander and Belgian-Dutch group Fortis, is almost all in cash...
...SETTING THE RECORD STRAIGHT In our story about the changing face of terrorism in Britain [July 16], we wrongly described Charles Shoebridge as a former counterterrorism officer in the British army. Although Shoebridge is a former army officer, his later work as a counterterrorism detective was in fact for Scotland Yard...