RPT-Market Chatter-Corporate finance press digest

Fri Jan 25, 2013 11:34am IST

Related Topics

Stocks

   

Jan 25 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Top executives at Barclays were aware the bank was manipulating its submissions to Libor rate-setting panel in November 2011, almost a year earlier than previously disclosed, the Financial Times reported. ()

* Alibaba Group, which runs China's largest e-commerce platforms, and its partners will spend 100 billion yuan ($16 billion)in the first phase of investment to build a logistics network, a local newspaper reported.

* Morgan Stanley Chief Executive Officer James Gorman received lower compensation for 2012 after a difficult year for the bank in which profits declined, a person familiar with the matter told Reuters.

* Barclays Plc is firing at least 70 people from its Asian investment banking division, sources familiar with the matter said.

* Citigroup Inc's private bank is withdrawing its $187 million investment from SAC Capital Advisors LP, the latest of several client redemptions at the hedge fund firm, the Wall Street Journal reported.

* Russian billionaire Mikhail Prokhorov is close to selling his 38 percent stake in Polyus Gold with a potential deal being reviewed by Britain's Takeover Panel, two sources familiar with the matter said.

* A senior Lenovo executive said on Thursday that the Chinese computer maker may consider Research in Motion as a takeover target, sending the Blackberry maker's shares up 2 percent just a week before it launches a make-or-break line of redesigned smartphones.

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

Nov gold imports seen climbing on expectation of curbs   Full Article 

Reuters India Mobile

Reuters India Mobile

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