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HuaweiA great bonanza awaits investors of all hues if the central government and Securities and Exchange Board of India (Sebi) stick to their guns and resist pressure from industry bodies to extend the June 2013 deadline for compliance with the 25 per cent minimum public shareholding norm for listed companies.
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NEW YORK — Deutsche Bank AG is among four European banks being investigated by US regulators for alleged money-laundering violations, according to an attorney with knowledge of the matter.
A great bonanza awaits investors of all hues if the central government and Securities and Exchange Board of India (Sebi) stick to their guns and resist pressure from industry bodies to extend the June 2013 deadline for compliance with the 25 per cent minimum public shareholding norm for listed companies.
BEIJING - China’s currency is facing strong downward pressure this year as the country’s once surging growth rates slow amid a stalling global economy and signs of capital flight after years of inflows.
BERLIN — Chancellor Angela Merkel backed the European Central Bank’s insistence on conditions for helping reduce borrowing costs in indebted countries, saying Germany is “in line” with the ECB’s approach to defending the euro.
NEW DELHI — Advisers to India’s prime minister issued a stern warning to the government on Friday on the need to rein in the country’s fiscal and current account deficits to avoid the risk of a credit ratings downgrade to junk status.
DUBAI — Oman’s gross domestic product, or GDP, climbed 19 per cent to OR7.4 billion ($19.2 billion) in the first quarter of 2012 from OR6.2 billion a year earlier, the country’s central bank said.
LONDON — Qatar was the top sovereign wealth buyer of European property in the last 12 months, spending €3.5 billion ($4.3 billion) on eight deals including the London Olympic athlete’s village and a mall on Paris’ Champs Elysees, data from a research firm showed.
LONDON — Former Barclays CEO Bob Diamond offered a “highly selective” account to a Parliamentary hearing on the banking rate-fixing scandal, British lawmakers said Saturday in a highly critical report.
JPMorgan Chase and Barclays are among seven banks subpoenaed in New York and Connecticut’s investigation into alleged manipulation of Libor, according to a person familiar with the matter and company filings.
