Bharti Renews Talks With South Africa's MTN in Possible $23 Billion Merger Bharti Airtel Ltd., India’s largest mobile-phone operator, is in talks to buy 49 percent of South Africa’s MTN Group Ltd., the first step in a potential $23 billion merger.
Rupee Falls Most in Two Weeks as North Korea Nuclear Test May Spur Outflow India’s rupee fell for the first time in seven days on concern overseas investors will pull money out of Asia after North Korea said it held a nuclear test today.
India's Political Stability Will Assist Economic Recovery, Mukherjee Says Pranab Mukherjee, named this weekend as India’s finance minister, will likely take advantage of the government’s stable majority to introduce measures to revive the economy amid a global slump.
Sensex Gains Led by Ranbaxy as Chief Executive Singh Quits; ONGC Declines India’s benchmark stock index advanced for a second day, led by Ranbaxy Laboratories Ltd. as its chief executive quit a month after the company forecast it would post a full-year loss.
Reliance, ONGC Decline After Report India May Cap Oil Producers' Earnings Reliance Industries Ltd., India’s most valuable company, and Oil & Natural Gas Corp., the biggest energy explorer, fell in Mumbai trading after the Economic Times reported the government plans to impose a cap on oil producers’ profits.
Ranbaxy Chief Executive Singh Steps Down in Daiichi Sankyo Turnaround Plan Ranbaxy Laboratories Ltd., heading for an annual loss and battling a U.S. ban on some of its drugs, said Chief Executive Officer Malvinder Singh quit as head of the company his family controlled for more than half a century.
Yen Falls Versus Dollar; North Korea Holds Nuclear Test, Launches Missiles The yen fell from the near highest level in more than two months against the dollar after North Korea conducted its first nuclear test in three years and launched three short-range missiles, posing a threat to the region’s security.
Barclays Capital Plans to Hire 65 Bankers to Expand European M&A Business Barclays Plc may hire as many as 65 bankers for its European mergers advisory business this year as Britain’s third-biggest bank seeks to become one of the top three global securities firms.
CIBC Ousts TD Securities as Top Equities Dealer as Banks Target Trading CIBC World Markets ousted TD Securities as the top equities trader for the first time in six years as Canadian banks use a rebound in trading to help replace profits lost to bad loans.
Canada Stocks Rise for Second Day Before Banks Report Results This Week Canadian stocks advanced for a second day, led by bank stocks before the industry begins reporting financial results this week.
Carmakers' Woes May Cost Six Million Jobs, Metalworkers' Union Head Says As many as six million unionized workers may lose their jobs because of the crisis in the automotive industry, according to Marcello Malentacchi, general secretary of the International Metalworkers’ Federation.
Hungary Keeps Main Interest Rate Unchanged for a Fourth Consecutive Month Hungary’s central bank kept the benchmark interest rate unchanged for a fourth month as policy makers seek evidence that the forint can maintain recent gains.
Bharti Revives Talks to Buy MTN Group Stake in Potential $23 Billion Deal Bharti Airtel Ltd., India’s largest mobile-phone operator, is in talks to buy 49 percent of South Africa’s MTN Group Ltd., the first step in a potential $23 billion merger.
source: Bloomberg
