The Troubled Rupee
A top official said the government has options to stem a fall in the rupee but did not offer any specifics, turning the focus on the RBI to stem a rout that sent the rupee to record lows. Full Article
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UPDATE 1-Market Chatter-Corporate finance press digest
Dec 4 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday: * Private equity firm Apax is in talks with Guardian Media Group Plc about potentially buying the newspaper group's stake in Trader Media Group, the publisher of Auto Trader, in a deal that could raise up to 600 million pounds, the Telegraph reported. () * A service unit of Nokia Siemens Networks (NSN) in Germany faces closure after losing a contract with its biggest customer, German daily newspaper Sueddeutsche Zeitung reported. * Cerberus Capital Management LP is in talks to join Virtu Financial LLC's bid for U.S. brokerage Knight Capital Group Inc , the Wall Street Journal reported, citing people familiar with the discussions.
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