Aureos Capital Ltd., a private- equity firm investing in emerging markets, plans to move senior management to Singapore from London as the European Union moves to regulate the alternative-investment industry.
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Aureos Plans Move to Singapore as Europe Regulates (Update1)
For Sunil Mittal, Bharti Airtel Ltd.’s founder and chairman, there’s a lot riding on the planned $9 billion purchase of the African assets of Kuwait’s Zain, not least of which is his credibility.
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Mittal’s Credibility Tested in Bharti Bid for Zain Africa
Bharti Airtel Ltd., South Asia’s biggest mobile-phone company, offered $10.7 billion to buy most of Zain’s African assets, a deal that would create one of the largest emerging-markets wireless carriers.
Bharti Offers $10.7 Billion for Zain African Assets (Update3)
TOKYO (Reuters) – The president of Toyota Motor Corp will hold a briefing on Wednesday in Tokyo to update on the progress of a massive global recall that has tarnished the reputation of the world’s largest car maker.
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Toyota head to brief on recalls in Tokyo on Feb 17
NEW DELHI (Reuters) – Bharti Airtel began exclusive $10.7 billion talks to buy most of Kuwaiti telecom Zain’s African cellular assets, the Indian firm’s third try to gain a foothold in a continent that offers the last opportunity for major subscriber growth.
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Bharti confirms $10.7 billion bid for Zain Africa assets
BARCELONA (Reuters) – Twenty-four telecom operators have formed an alliance to build an open platform that will deliver applications to all mobile phone users in an effort to compete with Apple’s successful apps store.
Bharti Airtel Ltd., South Asia’s biggest mobile-phone company, offered $10.7 billion to buy most of Zain’s African assets, a deal that would create one of the largest emerging-markets phone operators.
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Bharti Offers $10.7 Billion for Zain African Assets (Update2)
Bharti Airtel Ltd., South Asia’s biggest mobile-phone company, offered $10.7 billion for most of the African assets of Kuwait’s Zain, a move that would create one of the largest emerging-markets phone operators.
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Bharti Offers $10.7 Billion for Zain African Assets (Update1)
WASHINGTON (Reuters) – Large financial institutions that engage in speculative activities for profit should be allowed to fail if they get in trouble, White House advisor Paul Volcker said on Sunday.
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Volcker says must let big financial firms fail
ATHENS (Reuters) – Austerity measures by Greece’s socialist government to shore up the country’s public finances and avert a deeper debt crisis are seen as necessary but insufficient, a poll published on Sunday showed.
KUWAIT (Reuters) – Kuwaiti telecom group Zain has agreed to offload its African assets to India’s Bharti Airtel, Kuwait’s state news agency said on Sunday, in a deal valued at $10.7 billion.
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Zain board approves $10.7 billion Bharti bid for Africa ops
DUBAI (Reuters) – Dubai’s handling of the debt crisis at flagship Dubai World will affect its ability to attract future investment, British Business Secretary Peter Mandelson said on Sunday, amid a report the firm may offer creditors just 60 cents on the dollar.
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Dubai debt offer denied
BERLIN (Reuters) – A majority of Germans want debt-ridden Greece to be thrown out of the euro zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, a poll published on Sunday showed.
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Germans say euro zone may have to expel Greece: poll
CHICAGO (Reuters) – McDonald’s Corp posted a 2.6 percent increase in January sales at restaurants open at least 13 months, weighed down by a decline in comparable sales in the United States.
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McDonald’s January same-store sales up 2.6 percent
Invest AD, the fund manager owned by Abu Dhabi Investment Council, is in talks to form partnerships with institutions in China and Southeast Asia as it seeks to attract investors to the Middle East and Africa.
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Abu Dhabi Fund to Woo Asian Investors to Middle East, Africa