Malaysia’s 1MDB lifts IPO target to $3billion as debt swells: source
KUALA LUMPUR (Reuters) – State investor 1Malaysia Development Bhd (1MDB) has boosted the target size of its IPO for its energy assets to around $3 billion, a person with direct knowledge of the plan told Reuters, as the fund looks to repay debt incurre…
India economic adviser slashes GDP growth estimate for 2013/14 to 5.3 percent
NEW DELHI (Reuters) – India’s economy is expected to grow 5.3 percent this fiscal year, the prime minister’s economic advisory panel said on Friday, sharply lower than an earlier estimate of 6.4 percent but higher than last year.
KPN picks interim CFO as holds talks with America Movil
AMSTERDAM (Reuters) – Dutch telecoms group KPN , the subject of a takeover bid by Mexico’s America Movil , appointed Steven van Schilfgaarde as interim chief financial officer on Friday after Eric Hageman unexpectedly quit earlier this week.
South Africa union ends building strike with 12 percent wage deal
JOHANNESBURG (Reuters) – South Africa’s National Union of Mineworkers said on Friday it had agreed to a deal for wage hikes of up to 12 percent with the construction industry, ending a three-week strike.
UK recovery may be kiss of death for some ‘zombie’ firms
LONDON (Reuters) – Britain’s economy is picking up at last but the country has a problem it didn’t face after previous recessions and which even now remains hard to detect: the corporate undead.
Japan finance minister: will mull economy stimulus without resorting to government debt
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Friday that the government will consider offering a stimulus package for the economy without issuing new bonds to finance it.
KKR mulls teaming with Japan state fund on Panasonic unit stake: WSJ
TOKYO (Reuters) – KKR & Co LP is considering teaming up with a state-backed Japanese investment fund to secure a stake in Panasonic Corp’s healthcare business, the Wall Street Journal reported, as it seeks to assuage local misgivings about foreign buyout firms.
JPMorgan to spend $4 billion on compliance and risk controls: WSJ
NEW YORK (Reuters) – JPMorgan Chase & Co plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities, the Wall Street Journal reported on Thursday.
Insight: Trigger finger – Apple fires biometrics into the mainstream
SINGAPORE/SAN FRANCISCO (Reuters) – By adding a fingerprint scanner to its newest mobile phone, Apple Inc is offering a tantalizing glimpse of a future where your favorite gadget might become a biometric pass to the workplace, mobile commerce or real-w…
U.S. exchanges to create kill switches following Nasdaq outage
WASHINGTON (Reuters) – U.S. stock exchanges agreed with regulators on Thursday to reforms including a “kill switch” to stop trading during emergencies, after a software glitch with Nasdaq’s stock quote processor last month led to a three-hour trading h…
