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MFs emerge net sellers in equity market
Published December 2, 2008, 9:52 pm, Business Standard India
Uncertainty in global financial markets and its repercussions on India have made domestic fund managers go cautious on Indian equities, forcing them to sell shares and hoard cash in equity funds.
In Brief
Published December 2, 2008, 9:51 pm, The Fresno Bee
Gas, oil prices fall further, may be close to bottom, analysts say Read comments
Bradesco May Lead Brazilian Bank Consolidation as Values Fall
Published December 2, 2008, 9:50 pm, Bloomberg
Dec. 3 (Bloomberg) -- Banco Bradesco SA is among banks likely to lead industry consolidation analysts say, after recent deals created bigger competitors and stock market declines made some smaller rivals cheaper.
03-12-2008:- Manulife sees US$1.2b 4Q loss
Published December 2, 2008, 9:49 pm, The Edge Daily
TORONTO: Manulife Financial Corp said yesterday it expected to report a quarterly loss of C$1.5 billion (US$1.2 billion or RM4.39 billion) after bolstering its capital position by issuing C$2.125 billion in common equity.
CIC Won’t ‘Dare’ Invest in Financial Firms, Lou Says (Update1)
Published December 2, 2008, 9:49 pm, Bloomberg
Dec. 3 (Bloomberg) -- China Investment Corp. Chairman Lou Jiwei said he wouldn’t “dare” invest the sovereign wealth fund’s money in foreign financial firms after losing $6 billion on stakes in Morgan Stanley and Blackstone Group LP.
(AFX UK Focus) 2008-12-03 05:35 Hong Kong shares rise 1.4 pct, led by financials
Published December 2, 2008, 9:49 pm, Interactive Investor
HONG KONG, Dec 3 (Reuters) - Hong Kong shares rose 1.4 percent on Wednesday, with financials leading the charge after their U.S. peers gained overnight, but property stocks fell after the city's big lenders raised mortgage rates. Banks stocks rebounded from recent losses, with global lender HSBC, which lost 6.4 percent on Tuesday, gaining 1.7 percent and ICBC, China's largest lender, up 2.4 ...
Alok Ind to rope in PE for Peninsula
Published December 2, 2008, 9:48 pm, Business Standard India
A lok Industries, an integrated textile company that has recently diversified into real estate, is planning to rope in private equity players for its Peninsula project in the Lower Parel suburb of Mumbai by the end of the current financial year.
Mekong Capital Invests $5 Million In Digiworld Corp
Published December 2, 2008, 9:46 pm, Nasdaq
HANOI -(Dow Jones)- Mekong Capital Ltd. Wednesday said one of its funds has invested $5 million in Digiworld Corp., the authorized distributor for Acer, HP- Compaq, Dell, Toshiba, Fujitsu, Lexmark, InFocus and Logitech in Vietnam.
China reluctant to invest in foreign banks
Published December 2, 2008, 9:46 pm, AP via Yahoo! Finance
China's sovereign wealth fund, which last year poured $5 billion into Morgan Stanley, is reluctant to plow more money into foreign financial institutions until governments hash out coherent policies to cope with the global economic and financial turmoil, the fund's head said Wednesday.
Bouygues, Cap Gemini, Neopost, Thomson: French Equity Preview
Published December 2, 2008, 9:46 pm, Bloomberg
Dec. 3 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names. Share prices are from the last close.
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