- India Microfinance Evokes Risk of Subprime in the East as SKS Prepares IPO Savita Ramesh Rathore stood at the door to her dimly lit workshop in Mumbai’s Dharavi slum, filled floor-to-ceiling with bundles of old clothes, and tallied up the cost of her son’s wedding last year.
- UBS May Sidestep Swiss `Game of Chicken' as Lawmakers Vote on U.S. Treaty UBS AG may escape a “game of chicken” played by Swiss lawmakers as the price of failure to back a tax treaty with the U.S. would be too high: the bank’s American operations and the country’s export industry.
- New York Fed's Enhanced Power May Come at Expense of Reduced Independence The Federal Reserve Bank of New York, which carried out central-bank rescues of money markets and Wall Street firms, is poised to have its powers expanded even more -- at the risk of reduced independence.
- Portugal Telecom's Bava Makes Drive for `Last Sweetener' From Telefonica Portugal Telecom SGPS SA Chief Executive Officer Zeinal Bava is stepping up the fight to force his counterpart at Telefonica SA, Cesar Alierta, to put more money on the table for control of their Brazilian venture.
- Fannie-Freddie Fix Expands to $160 Billion With Worst Case at $1 Trillion The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
- Nokia's Delay on `Shiny Things' Leaves It Last in Line for Apps Developers As Nokia Oyj prepares to introduce its latest flagship smartphone, developer Jan Ole Suhr says he knows why the brains behind addictive applications are shunning the Finnish company.
- Apple Under Pressure to Ease Software Limits as Jobs's Influence Increases Apple Inc., under growing scrutiny from antitrust regulators, may have to loosen restrictions on software developers and music labels to avoid legal wrangling with the government and prevent damage to how its brand is perceived by the public, lawyers and analysts said.
- KKR May Acquire $400 Million Stake in Texas Shale Formation From Hilcorp KKR & Co., the buyout firm run by Henry Kravis and George Roberts, may purchase about $400 million of Texas shale assets from Hilcorp Energy Co., two people with direct knowledge of the talks said.
- Genting `Aggressively' Seeks U.S. Casino Stakes With $1.7 Billion of Cash Genting Malaysia Bhd., the casino owner that parlayed a single hilltop site near Kuala Lumpur into gambling resorts in Singapore, the Philippines and the U.K., is now looking for investments in the U.S.
Bloomberg Daily News 15th June 2010
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