AllAfrica: South Africa: RMB Holdings Sees Investments Gain RMB Holdings (RMBH), which has strategic shareholdings in FirstRand , Discovery and OUTsurance, increased the intrinsic value of its underlying investments by 15% to R31,94 per share, and an unchanged interim dividend of 54c a share was declared. AllAfrica: South Africa: Iconic Retail Boss Retires PICK n Pay executive chairman Raymond Ackerman has officially retired from the business he started 43 years ago and handed the reins to his elder son, Gareth. AllAfrica: Botswana: Chinese Take Major Stake in New Power Project In response to delays in the Mmamabula Energy Project (MEP), Chinese energy and mining titan Golden Concord Holdings Limited has snapped up a controlling equity in the 300-megawatt power station being developed by CIC Energy. AllAfrica: South Africa: Pinnacle Point Warns of Year-End Headline Loss PINNACLE Point Group, the property development group, has warned shareholders it is going to report a headline loss for the year to February 28. Financial Times: TPG sells Asia healthcare stake for $685m TPG has sold its minority stake in one of Asia's biggest listed healthcare groups for $685m to an Indian corporate buyer, in another lucrative exit in the region for the global private equity fund Financial Times: Toyota hands over union letter to US watchdog Japanese carmaker hands over to US lawmakers a 2006 letter written by Japanese employees warning that aggressive cost cuts had undermined the quality of its vehicles Financial Times: TPG sells Asia healthcare stake for $685m TPG has sold its minority stake in one of Asia's biggest listed healthcare groups for $685m to an Indian corporate buyer, in another lucrative exit in the region for the global private equity fund Financial Times: AIG / Nan Shan The bidders' in Taiwan's biggest inbound financial deal face suspicions that they are backed by China-sourced funds Financial Times: Data theft hits 24,000 HSBC clients HSBC has revealed that a former employee stole the personal details of around 24,000 clients of its private bankin Switzerland in a major security breach three years ago. Financial Times: Wetherspoon completes £530m refinancing Pubs operator agrees four-year, £530m facility with a syndicate of 11 banks and reinstates its dividend as pre-tax profit rises 18 per cent to a record £36m 404 Not Found 404 Not Found 404 Not Found Citi chief is on a mission of transformation 404 Not Found Fujitsu: strange affair of Kuniaki Nozoe 404 Not Found 404 Not Found 404 Not Found 404 Not Found Next page-->

Financial Times - Company and Industry News Financial Times - Company and Industry News View source archive --> Search this source --> ·Valero seals biofuel deal with Australia's Mission The US's biggest independent refiner has signed a five-year deal worth up to $3.5bn to buy biodiesel from Mission NewEnergy, an Australia-listed biodiesel refiner ·Rio appoints new China iron negotiator The Anglo-American mining group has appointed a new chief negotiator to lead its iron ore price negotiations ahead of next year's talks with Chinese steel mills ·Citigroup in talks for equity offering Citigroup is in advanced talks with regulators over plans to raise more than $10bn in an equity offering, in an effort to repay $20bn in bail-out funds as early as this week. ·HSBC poised to snap up RBS Asian assets Bank closing in on acquiring remaining Asian retail and commercial assets being divested by Royal Bank of Scotland ·C&W appoints CFO for Worldwide arm Cable & Wireless has appointed the chief financial officer of United Utilities as finance chief for its UK-focused operation, which is to be demerged from its international business next year ·Sports Direct cuts debt and raises forecasts The retailer says its first-half profits fell 41% but reports a 10% increase in sales for the six months to the end of September to almost £760m ·Inditex's Asia push offsets domestic slump The owner of clothing chains Zara and Massimo Dutti unveiled a slight drop in profits as Asia expansion helped offset weakness in the domestic market ·VW secures Asian presence with Suzuki deal Volkswagen is to buy a stake in Japan's Suzuki Motor in a deal that would create the world's largest carmaking alliance ·'What banker wants to be in the UK?' Levy will apply to to all banks and building societies, including groups that operate in the UK under a European Union branch system, leading bankers to rail at 'extreme victimisation' ·JD Sports offloads stake in rival JJB The sports retailer has sold its entire holding in its corporate rival, exiting itself from a complex web of cross-shareholdings in the UK's sports retail industry

Financial Times - Companies - Americas Financial Times - Companies - Americas View source archive --> Search this source --> ·Heading in opposite directions When Brazilian mining group Vale bought Inco of Canada, the company found itself embroiled in a clash of cultures ·Ferrous considers $3bn-$4bn London flotation Ferrous Resources, the emerging Brazilian iron ore producer, has revived plans for a London flotation that could be worth $3bn-$4bn ·Antofagasta barely affected by Chile quake The London-listed copper miner said that the recent earthquake had only a minor impact on its operations, and that it was aiming to double production by 2011 ·CME agrees Bolsa Mexicana alliance CME Group, the largest US futures exchange, deepens ties with Central and Latin American derivatives markets by agreeing a partnership with the operator of Mexico's MexDer futures exchange ·Vivendi's love affair with Brazil raises eyebrows Chief of the French media and telecoms conglomerate seems enthralled with the country where it last year snapped up GVT, but analysts haveraised doubts about the move ·Bloomenergy gives hope to cleantech funding The flashy launch of the maker of fuel cells stokes hopes of a breakthrough in cleantech investment ·Fertiliser groups to mark rebound This year's spate of merger and acquisition activity in the industry is set to continue as companies seek size to compete with the arrival of miners such as Vale and BHP Billiton ·Strong Fresnillo defers final dividend decision An average silver price of $12 per ounce this year would be a "worst-case scenario" according to the sensitivity analyses run by the company ·Brazil start-up eyes $5.6bn public offering Oil and gas industry equipment supplier revitalises Brazilian IPO market ·Copper futures surge on quake fears Copper futures rose as much as 5 per cent to a five-week high after a massive earthquake in top producer Chile sparked supply worries but prices soon retreated

Financial Times - Companies - US Financial Times - Companies - US View source archive --> Search this source --> ·TPG sells Asia healthcare stake for $685m TPG has sold its minority stake in one of Asia's biggest listed healthcare groups for $685m to an Indian corporate buyer, in another lucrative exit in the region for the global private equity fund ·BP strikes $7bn Brazil oil deal The energy group is set to make its first move into the deep waters off the South American country with a $7bn deal to buy oil and gas assets put up for sale by Devon Energy of the US ·Traders set to launch 'movie' exchanges The move is a sign that some in the film business believe the exchange-traded futures markets might offer a new way to help film producers manage financial risks ·Barclays' nous lifts hopes of US dream The bank's retail banking division is drawing up a strategic plan which will focus on how the group could break into the US market via a big acquisition ·Pandit sees revival of Citi's fortunes Vikram Pandit, Citigroup's chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi's fortunes ·Citi chief is on a mission of transformation Shifting focus and reviving belief are key to the bank's plans for change ·Lone path to growth for African Barrick The spin-off grouping of four mines, a 'safe way to play gold with the backing of a tier 1 gold company', aims to produce 1m ounces a year by 2014 ·OnLive's 'cloud' gaming to rival console groups OnLive a 'cloud' video game service that challenges the dominance of traditional games consoles, said it would launch in the US in June. ·National US grocery brands regain ground US shoppers are regaining their taste for the national brand groceries that some steered away from during the recession, providing evidence of an improvement in consumer confidence ·Airlines offer concessions to secure alliance The planned global alliance between British Airways, American Airlines and Iberia moves closer to securing regulatory approval as European officials begin testing the concessions offered by the airlines

Financial Times - Companies - Middle East & Africa Financial Times - Companies - Middle East & Africa View source archive --> Search this source --> ·Tullow names investors for Ugandan assets FTSE 100 oil group upgrades forecasts for Ghana project as it reports sharp fall in pre-tax profits due to lower production volumes and falling commodity prices ·Official behind Nitel sell-off suspended Nigeria's acting president has suspended the head of the body handling a controversial $2.5bn bid for Nitel, the former telecoms monopoly ·Minerva plays bid part from shadows The Nigerian office of Minerva Group, the main financial backer of a $2.5bn bid for Nitel, the former monopoly in one of the world's hottest telecoms markets, is hard to find ·South Africa Sub-Saharan Africa's largest economy will struggle to elicit significant investment from western nations unless President Jacob Zuma demonstrates decisive leadership ·MTN begins search for new chief The South African telecoms company says that its chief executive Phuthuma Nhleko will step down after eight years in the position ·Dominion gears up for $50m placing Explorer understood to be preparing to drill in Uganda in the second quarter as Tullow's success spurs interest in potential of eastern and central Africa ·Petra's diamond fetches record $35m The world'smost expensive rough diamond is snapped up by Chow Tai Fook Jewellery of Hong Kong for a record-breaking $35.3m ·Nigeria orders Statoil to set aside oil proceeds A Lagos court orders Norwegian energy group to set aside all revenues from its stakes in a huge oil field after a local businessman claimed the company owed him a share of profits ·Shell attacks Nigerian handling of oil industry Oil group's Africa chief has delivered a blistering attack on Nigeria's management of its vast oil and gas reserves ·Mondi shows signs of recovery as it edges prices up Shares in the paper and packaging supplier rallied as price rises enabled the paper and packaging supplier to report a strong second half performance

Financial Times - Companies - Asia Pacific Financial Times - Companies - Asia Pacific View source archive --> Search this source --> ·Toyota hands over union letter to US watchdog Japanese carmaker hands over to US lawmakers a 2006 letter written by Japanese employees warning that aggressive cost cuts had undermined the quality of its vehicles ·TPG sells Asia healthcare stake for $685m TPG has sold its minority stake in one of Asia's biggest listed healthcare groups for $685m to an Indian corporate buyer, in another lucrative exit in the region for the global private equity fund ·South Korea eyes nuclear push in Turkey Seoul's plans to become a global player in the nuclear industry have been boosted by the signing of a co-operation agreement between the two countries' state power companies ·Shinsei in capital drive as merger falters The Japanese bank is preparing to raise about Y75bn in fresh capital as a merger with a rival domestic lender once seen as a lifeline is in danger of collapse ·Upturn casts doubt on Japan banks' union The logic behind the proposed merger of Japanese banks Shinsei and Aozora has disappeared following a return of stability to global financial markets ·GM considers renaming Daewoo in S Korea The US carmaker is thinking about replacing theDaewoo brand with the Chevrolet name in South Korea as it looks to boost sales at its struggling GM Daewoo unit ·Goldman China chairman quits One of Goldman Sach's top China bankers has followed several other former colleagues and quit to set up a mainland private equity fund ·China Mobile seals stake in Pudong China Mobilehas agreed to pay Rmb39.8bn for a 20 per cent stake in Pudong Development Bank, closing a deal that unsettled investors when news of it started leakingtwo weeks ago ·AIG / Nan Shan The bidders' in Taiwan's biggest inbound financial deal face suspicions that they are backed by China-sourced funds ·Queensland picks banks for A$7bn rail IPO The Queensland state government has appointed five banks to run a A$7bn share float of Queensland Rail's coal and freight arm, expected to be Australia's biggest listing this year

Financial Times - Companies - Europe Financial Times - Companies - Europe View source archive --> Search this source --> ·Data theft hits 24,000 HSBC clients HSBC has revealed that a former employee stole the personal details of around 24,000 clients of its private bankin Switzerland in a major security breach three years ago. ·South Korea eyes nuclear push in Turkey Seoul's plans to become a global player in the nuclear industry have been boosted by the signing of a co-operation agreement between the two countries' state power companies ·Glencore sees bumpy year as profits fall World's largest commodities trader unveils a 42% per cent fall in its profits last year, but said rising commodities prices has lifted its profitability in the second half ·TCC to launch slimmed-down shipping services One of the boldest shipping ventures of the past two decades is to start operations next month during the sector's worst downturn with the first sailing by a simplified container shipping operation ·Fortis fined over market manipulation The Belgian insurance group is fined €576,000 by the Dutch financial regulator for market manipulation and late publication of market-sensitive information in 2008 ·Airlines offer concessions to secure alliance The planned global alliance between British Airways, American Airlines and Iberia moves closer to securing regulatory approval as European officials begin testing the concessions offered by the airlines ·Kabel Deutschland set for €880m IPO Providence Equity Partners plans to raise as much as €880m from the initial public offering of Kabel Deutschland, valuing Germany's biggest cable company at less than the buy-out bids it rejected last month ·Dock strike threatens Finnish recovery A strike that has crippled Finland's ports for the past week is threatening to undermine recovery in an export-dependent economy still reeling from its deepest recession since the country won independence from Russia in 1918 ·Eon tones down outlook for 2010 World's largest utility by sales gives a muted outlook for 2010 earnings as the economic crisis hits energy prices and demand ·Almatis lenders agree $1bn debt shake-up More than two-thirds of senior lenders to Almatics, Dubai International Capital's alumina business, have agreed a deal to take control of the company and implement a restructuring of its $1bn debts

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