Petronas IPO to raise $4.2bn at $1.69 a share October 13, 2010 Malaysia’s Petronas Chemicals is likely to raise $4.2bn (£2.6bn) in Southeast Asia’s biggest ever IPO after setting an indicative price range for the float, analysts said. The unit of Malaysian state oil giant Petronas indicated at a briefing it is likely to price its IPO at 5.05 ringgit for retail investors and 5.20 ringgit ($1.69) [...]
Wal-Mart sees US sales improve October 13, 2010 Wal-Mart should see improvement in sales at its US discount stores in the fourth quarter as the company returns items to shelves and focuses anew on low prices, the company’s chief executive said yesterday. “I expect to see positive sales results in this fourth quarter,” Mike Duke said of the unit at the world’s largest [...]
CINVEN POISED TO CUT JOST STAKE October 13, 2010 Private equity firm Cinven is understood to be close to ceding part of its stake in German truck and trailer parts maker Jost to creditors to cut debt. Jost’s management, its private equity backer, and holders of just under €400m of loans are finalising a debt-for-equity swap after an earnings slump.
Look under the bonnet before buying the car October 13, 2010 WITH so many exchange-traded funds (ETF) on offer, it’s hard to know what difference it makes which one you choose. But one way to narrow it down is to examine the underlying benchmark the fund is tracking. In fact, it makes very little sense to choose an ETF without at least glancing over the structure [...]
LISTED PRODUCT NEWS October 13, 2010 ETFS CONFIRMS INDUSTRIAL METAL ETCS ETF Securities confirmed on Monday that it is preparing to launch a range of physically-backed industrial metal exchange-traded commodities (ETC), subject to approval from regulators and the London Stock Exchange. The industrial metal range of ETCs will include physical aluminium, copper, lead, nickel, tin and zinc, as well as a [...]
THE TIPSTER October 13, 2010 THE German Dax 30 index finally broke out of its six-month trading range, blasting through the previous high of 6,385 and the 6,400 level to a high of 6,439.3. The area between 6,385 and 6,400 should act as support on pullbacks, so look to buy around these levels with a view to taking profits at [...]
A good quality MBA should be all about broadening horizons October 13, 2010 TRADITIONALLY, an MBA has been a generalist qualification which teaches fresh skills and opens up avenues. But a new breed of focused MBAs has emerged in recent years. These concentrate on a specific area such as the energy industry, defence, financial services, the BRIC countries or even corporate and social responsibility (see box). They are [...]
The right MBA can be career Viagra October 13, 2010 A RECENT report from the Institute of Leadership & Management found that many HR professionals were ambivalent about the value of an MBA when recruiting people to leadership positions. When asked how important an MBA was in recruiting senior management, 68 per cent replied “not at all”, or only “slightly”. Some felt that while MBAs [...]
Mobile luxuries October 13, 2010 On the face of it, the idea of phone as status symbol runs fairly contrary to the general reality of the phone market now: anybody can own an iPhone, Blackberry or any one of the plethora of good-looking, ingeniously engineered smartphones out there, and most of us do. But there are those looking for something [...]
Google to compile financial data October 13, 2010 Google is planning to launch a new measure of inflation collated from online shopping data, to be known as the Google Price Index (GPI). It’s part of a public data project that will see the search giant release new ways for users to collate information from a multitude of sources. A list of the top [...]
