Important News Everyday

Jul 03 - A spike in world oil prices is being blamed on the actions of a rogue trader, Magna edges forward to Opel deal, Siemens gets World Bank bribery ban.

* Cathay, Chinatrust, Fubon, Ruentex among Taiwan bidders

LONDON, July 3 (Reuters) - Debt-troubled UK heating products
maker Baxi [BCPRTG.UL] said on Friday it had agreed to merge
with Dutch rival De Dietrich Remeha to boost its capital
position and create one of Europe’s biggest heating products
companies.

BRUSSELS, July 3 (Reuters) - The following are planned
mergers under review by the European Commission and a brief
guide to the EU merger process:

* Cathay, Chinatrust, Fubon, Ruentex among Taiwan bidders

July 3 (Reuters) - The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 2000 GMT on Friday.

* Cemex disputes decision, considering court action
(Adds analyst comment, debt details, share price)

* Global crisis has shown bigger is not necessarily better

BRUSSELS, July 3 (Reuters) - The following are planned
mergers under review by the European Commission and a brief
guide to the EU merger process:

TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG’s Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.