Total: Picked EDF-Led Consortium to Sell TIGF for 2.4 Billion Euros

Total SA (FP.FR, TOT) Tuesday confirmed it entered exclusive talks with a consortium led by Electricite de France SA (EDF.FR) to sell its natural-gas transport and storage unit TIGF, for a price valuing the company at 2.4 billion euros ($3.26 billion).

Hedge Funds Rose 0.9% Last Month on U.S. Budget Agreement

Hedge funds climbed 0.9 percent last month, posting their best gain since September while trailing global equities, as markets rallied in the wake of a U.S. budget agreement and correlation between stocks diminished.

Euro drops on ECB comments, stocks remain steady

LONDON (AP) — Stock markets were largely stable on Thursday while the euro fell sharply after the European Central Bank said it would monitor its value and economic impact.

Sovereign Funds Seen Expanding Property Buying After Record Year

Sovereign wealth funds from China to Azerbaijan, which pushed their real estate deal making to a record last year, are set to extend their buying spree as they seek alternatives to low-yielding bonds and volatile stocks.

Osborne backs break-up of banks that fail to reform

The UK's big banks will be broken up if they fail to follow new rules to ring-fence risky investment operations from High Street outlets, Chancellor George Osborne has announced. He has said taxpayers are angry at banks' behaviour and will never again be expected to bail them out.