Billionaire investor Wilbur Ross says he plans to invest further in banks, but new capital requirements for private equity investment in the sector are still too tight. Meanwhile, a senior German government official says Opel has the liquidity to operate until next year, as a rift appears to develop in the ruling party over whether the General Motors Co unit should be sold to Canada’s Magna International (MGa.TO).
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Here’s what else we found in the papers (some external links may require subscriptions):
* Main shareholders in the British bus and rail operator National Express (NEX.L) have indicated that they will continue to back a rights issue plan instead of a revised takeover offer, the Financial Times says.
* Two Chinese industry groups will kick off IPOs worth more than $2.5 billion in Hong Kong soon after they received a green light from the city’s stock exchange, racing to beat a possible market downtrend, the South China Morning Post says.