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Billionaire Warren Buffett and company 3G Capital bought Heinz ketchup manufacturer for $ 28 billion, the newspaper Financial Times says.

The transaction was approved by the Board of Directors of Heinz.

As said in the statement, the shareholders will receive $ 72.50 per share from the Buffett's company Berkshire Hathaway and 3G. This is 20% more than the value of shares at the close on Wednesday.

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Managing Director of EBRD about the difficult situation in the Ukrainian economy

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Department of Revenue and Duties tryes urgently to correct mistakes made while changing the tax system in the stock market. The draft law, which has  "Kommersant", provides a number of innovations, including the prohibition on assignment to the investment costs for the maintenance costs of securities traders. There are many complains to the paper by many market participants, but in previous times criticisms of the market didn’t hold powers of tax changes.

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High deposit rates and the stability of the exchange rate allowed banks to accumulate on correspondent accounts record a few years worth - 30.8 billion hyven.

This writes "Kommersant-Ukraine".

According to the National Bank, as a significant amount of available resources in the system was still two and a half years ago, it says.

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(Reuters) - International trade groups representing more than 250,000 companies have warned Indian Prime Minister Manmohan Singh that new taxation proposals by his government have led foreign businesses to reconsider their investments.

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(Reuters) - Asia's manufacturers stepped up the pace in March to fill an influx of new orders as Europe's debt crisis subsided and U.S. growth picked up, dispelling some of the gloom that had shrouded the global economy.

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(Reuters) - The euro zone's manufacturing sector shrank for an eighth month and at a faster pace in March, adding to signs the bloc is in recession as the downturn spread to core members France and Germany, a survey showed on Monday.

 

Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) dropped to 47.7 last month from 49.0 in February, in line with a preliminary reading. It has now been below the 50 mark that divides growth from contraction since August.

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(Reuters) - British engineering firm Bodycote said it bought Curtiss-Wright Corp's heat treatment business for $52 million (32.55 million pounds) to expand its customer base in the U.S. aerospace industry.

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