PRESS DIGEST- Financial Times – March 26

March 26 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– General Atlantic in talks with Goldman on refinancing Greensill loan https://on.ft.com/3soSf8S

– Consortium set to increase bid for Kaz Minerals https://on.ft.com/2NZotbW

– UK regulator 'didn't understand' effect of loophole on investors being exploited in LCF scandal https://on.ft.com/3lZOAvW

– U.S.-UK trade deal talks set to miss key Washington deadline https://on.ft.com/3fcdTte

– EU leaders clash over vaccine distribution in tense summit https://on.ft.com/3vUtC6d

Overview

– U.S. private equity firm General Atlantic is in talks with Goldman Sachs to refinance a controversial 300 million euros ($353.28 million) loan from Greensill Capital, the finance start-up whose collapse has brought scrutiny on the $50 billion investment firm's dealings with its portfolio company.

– The consortium bidding for Kaz Minerals is set to increase its 3.7 billion pounds ($5.09 billion)offer for the London-listed copper miner, said people familiar with the situation.

– The UK financial regulator "didn't understand" in 2019 the "toxic interface" between the regulated and unregulated activities of businesses that it oversaw, at the time of a 236 million pounds retail-investment scandal, a senior executive told MPs on Thursday.

– UK hopes of clinching a trade deal with the US — seen as one of the major prizes of Brexit — is facing a further setback with negotiators set to miss a key deadline for securing a swift passage through Congress.

– EU divisions over vaccine distribution were laid bare at a summit on Thursday as governments failed to agree on how to provide additional jabs to member states in need of emergency supplies.

($1 = 0.8492 euros) ($1 = 0.7270 pounds) (Compiled by Bengaluru newsroom)

Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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