Markets in Trouble
Foreign investors still buy stocks
FIIs extended their record net purchases of Indian stocks to a 26th consecutive sessions on Thursday, despite sharp share falls sparked by worries the Fed would unwind its monetary stimulus earlier than expected. Full Article | Track BSE indices
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UPDATE 1-Market Chatter-Corporate finance press digest
Dec 6 (Reuters) - The following corporate finance-related
stories were reported by media on Thursday:
* Indian Hotels Co Ltd is working on a revised
offer to acquire British hospitality group Orient-Express
, the Times of India reported. ()
* Three former Deutsche Bank employees have filed
complaints with the U.S. securities regulators claiming the bank
failed to recognize up to $12 billion of unrealized losses
during the financial crisis, the Financial Times reported.
* A consortium of bidders has offered Eastman Kodak Co
. more than $500 million for a trove of digital
patents, the Wall Street Journal reported citing people familiar
with the matter. ()
* Russian government-owned OAO Gazprom is in talks
with Indian Oil Corp (IOC) for acquiring a stake in the
5 million tonnes per annum (mtpa) liquefied natural gas (LNG)
terminal planned at Ennore near Chennai, Mint reported. ()
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