Zain Sees $5 Billion Profit From the Sale of Africa Unit to Bharti Airtel Zain, Kuwait’s biggest phone
company, said it expects a return of as much as $5 billion from
selling most of its African operations to Bharti Airtel Ltd. in
a deal that would almost halve its assets.
Indian Asset Sale `Rigamarole' May be Impeding Overseas Investors Demand India may be impeding foreign
investors and curbing their appetite for shares in state-run
companies as it seeks to raise a record 250 billion rupees ($5.4
billion) using so-called French auctions.
Sensex Rises, Led by Sterlite Industries, Tata Steel as Metal Prices Climb India’s benchmark stock index
advanced. Sterlite Industries (India) Ltd. led metal producers
higher after copper gained for a second day.
Tata Motors May Sell Stake in Vehicle-Finance Unit to Cut Debt, Kant Says Tata Motors Ltd., India’s biggest
truckmaker, plans to sell a stake in its vehicle-finance unit as
it seeks funds to repay debts.
Rupee Advances on Optimism India's Budget Will Unveil Plans to Spur Growth India’s rupee strengthened to the
strongest level in more than a week on optimism the government
will unveil plans to spur investment and economic growth in its
budget due to be released on Feb. 26.
OCL Iron Advances After 51 Percent of Shares Change Hands in Three Trades OCL Iron & SteeL Ltd. rose as much
as 5 percent, or by its daily limit, in Mumbai trading after
about 51 percent of its equity, or 68.5 million shares, changed
hands in three blocks, data on Bloomberg showed.
Crude Oil Gains as Euro Strengthens Against Dollar, Europe Acts on Greece Crude oil rose as the dollar
declined against the euro, bolstering the appeal of commodities
as an alternative investment.
JSL to Extend Debt Maturity After Default on Convertible Bonds Sold Abroad JSL Ltd., an Indian maker of
stainless steel products, said it will extend the maturity of
its foreign debt after defaulting on overseas bonds sold mostly
to investors in Hong Kong and Singapore.
Simon Property Group Makes $10 Billion Offer for General Growth Properties Simon Property Group Inc. said it
offered to buy General Growth Properties Inc. for more than $10
billion, taking public a bid after receiving no “substantive
response” to private correspondence.
Stocks, Commodities Advance on Economic Growth; Dollar, Treasuries Retreat Stocks rose around the world as
improved earnings at Barclays Plc and faster-than-estimated
growth in New York manufacturing spurred optimism the global
economic recovery will be sustained. Oil and metal prices
advanced as the dollar weakened.
International Demand for U.S. Financial Assets Slows Amid Sales by China International demand for long-term
U.S. financial assets grew in December at a slower pace than a
month earlier, as China sold U.S. government securities, a U.S.
Treasury Department report showed.
Barclays Capital Allocates 38% of Revenue for Pay, More Than Goldman Sachs Barclays Capital, the investment
banking unit of Barclays Plc, allocated more in pay and bonuses
as a percentage of revenue than Goldman Sachs Group Inc.
Europe Finance Ministers Will Force Greece to Make Deeper Cuts in Deficit European finance ministers turned up
the pressure on Greece to put its public finances in order, and
refused to say how they would make good on a promise to rescue
the nation if it can’t tame its debt.
Mongolia's Harvard Elites Aim for Mineral Wealth Without `Dutch Disease' Mongolia’s billions of dollars worth
of copper, gold, uranium and coal reserves promise the greatest
influx of wealth for the country since Genghis Khan conquered
much of the known world in the 13th century.
CEOs Raising Forecasts at Record Pace Fail to Persuade Analysts on Profits U.S. executives are boosting
earnings estimates at the fastest rate in at least eight years
just as optimism fades among analysts, a signal that preceded
gains for the Standard & Poor’s 500 Index in the past.
source: Bloomberg
