According to an anonymous source relayed to an Italian newspaper reported by Reuters, Telecom Italia would retain its stock on the fixed line network to prevent any takeover by Hutchison Whampoa.
Industry
Asian Insurance Industry Grow at High Rate
Asian insurance industry investors see no sign of slowdown for fast growing market. A frenzy is underway in the Asian insurance industry and it has made many pay large sums so as not to miss opportunities to participate in the region's fastest growing market.
Five Banks to IPO in the next two years
IPO is the next best option as five banks find it difficult to find buyers for their businesses. Five British banks would be looking to float their stocks in the market.
US economic indicators show tough week ahead
While many indicators say that there would be a worldwide economic slowdown, central banks aim to reverse or even control that.
India Fund Managers Get Creative
The race to get top investors between foreign and local managers heats up in a system with little foreign currency exposure and lack of information on deals.
Latest News
Judge Ugo Bellini finds no evidence of fraud nor urgency to deem the issuance of a seizure order. An Italian magistrate has thrown out a request to issue an order to seize nearly Eur1.
The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.
In a move to help local Saudis, unused residential and military lands may be confiscated for that purpose.
According to Morningstar's analysis,
Vanguard Global REIT offers stable returns on investment.
Youku views mobile content as platform for profits for the firm. China's largest online video company, Youku Tudou Inc. , claims that original programming and a drive into mobile content will support the company as it looks into posting its first profit since its initial public offering in 2010.
McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
The deVere Group opens its offices on the Cayman Islands. The deVere Group has recently announced the establishment of its regional office in the Cayman Islands as a signal to its presence in the area.
PIMCO's head of credit portfolio management is seeking to acquire investments and loans that have high risk but provide high returns.
