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IN BRIEF.(FUTURES & BONDS)
Byline: Compiled from Reuters
Bank Of China Talks Going Well
Bank of China, which is hoping to attract investors before selling shares to the public, said Tuesday that talks with suitors from three continents were going well. BOC, the country's largest foreign exchange bank, is in discussions with potential investors from the U.S., Asia and Europe. UBS, JPMorgan Chase and Deutsche Bank have all been mentioned as potential investors to help turn the scandal-prone, state-run bank into a lender run along sound commercial lines.
S. Korea Seeks Pogo Thai Assets
South Korea's state-run Korea National Oil Corp. reportedly is among a number of companies that have submitted bids for U.S. firm Pogo Producing Co.'s oil and gas assets in Thailand. South Korea has been seeking to secure stable energy supplies to reduce reliance on oil imports. The country imports virtually all its natural gas and crude oil.
China Bank To Offload Bad Debt
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