Market Chatter-Corporate finance press digest

Thu Dec 27, 2012 9:36am IST

Stocks

   

Dec 27 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* German Economy Minister Philipp Roesler wants to push the pace of government privatisation efforts including in companies such as Deutsche Telekom AG, according to an internal ministry document obtained by Die Welt newspaper.

* Tesco Plc has set up an Indian subsidiary to buy fresh and processed foods from the country for its global stores, in a move that could help the world's third largest retailer trim costs and develop local expertise before opening shops here, the Economic Times reported. []

* Eni SpA, the Italian petroleum exploration and production company, which holds 47.18 percent in Hindustan Oil Exploration Co Ltd, is in talks with U.S.-based Anadarko Petroleum Corp to sell its entire stake, the Business Standard reported.

* BDO International, the $6-billion Belgium-based audit and accounting firm, will call off its four-year joint venture BDO India with Haribhakti Consulting by selling its 10 percent stake to its Indian partner, the Economic Times reported citing a senior company officials. []

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Banking Sector

Banking Sector

India's laggard state lenders face tough sell on capital raising plan  Full Article 

Trade Deal

Trade Deal

WTO postpones trade deal by a day after last-minute objection.  Full Article 

Falling Oil Prices

Falling Oil Prices

Saudis signal no push for oil cut as market to "stabilise itself"  Full Article 

Raising Stake

Raising Stake

Nippon Life to raise stake in Reliance Capital fund unit  Full Article 

Sterilisation Camps

Sterilisation Camps

Sterilisation targets remain in all but name, critics say  Full Article 

Share Buyback

Share Buyback

Samsung Electronics to buy back $2 billion in shares  Full Article 

Bird Flu Scare

Bird Flu Scare

India orders culling after bird flu outbreaks in Kerala.  Full Article 

Microsoft in China

Microsoft in China

Microsoft to pay China $140 million for 'tax evasion'   Full Article 

Flashback: 26/11

Flashback: 26/11

The three-day attack in November 2008 left 166 dead.  Slideshow 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage