Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
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Market Chatter-Corporate finance press digest
Nov 30 (Reuters) - The following corporate finance-related
stories were reported by media on Friday:
* South Korea's POSCO Specialty Steel, owned by steelmaker
POSCO, has postponed its initial public offering
(IPO) set for December after scrapping a plan for retail
subscriptions, the Chosun Ilbo newspaper reported.
* UPS is promising to sell assets across Europe and
guarantee access to its air freight network in an attempt to
assuage Brussels' concerns about its takeover of TNT Express
, the Financial Times reported. The package proposes
business and asset sales in about 10 countries as well as
measures to open the combined groups' air freight network. ()
* Robert Tchenguiz, the property tycoon, is close to selling
300 million pounds ($481.11 million) of service stations as he
continues to dismantle the empire he established before the 2008
financial crisis. M3 Capital Partners, a real estate private
equity group, has been selected as preferred bidder to buy nine
Welcome Break motorway service stations, the Financial Times
reported. ()
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