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Macquarie plans second S Korean fund
Australia’s Macquarie financial group preparing another $1bn South Korean infrastructure fund to invest in utilities
Glodyne offers exposure to Indian sector
The private outsourcing group has won a state contract to implement a management system for the National Rural Employment Guarantee scheme that would provide paid work to India’s poorest farmers
Fury as French steal march on €4bn Areva buy
People close to disappointed bidders GE and Toshiba said they were “very, very angry”, while Toshiba is considering a legal challenge
AIG’s Taiwan deal faces political hurdles
Barriers to American International Group’s $2.2bn sale of Nan Shan Life Insurance highlight the difficulties faced by dealmakers working within the greater China region
Samsung feels the heat from iPhone
The launch the smartphone in Samsung’s home territory has put pressure on the handset maker which is trailing Nokia and Apple in market share
China’s Wisco buys MMX stake
China’s third biggest steel maker to pay $400m for 21.5% of MMX, a Brazilian iron ore miner
India sets deadline for IFRS introduction
The Indian government says it will align its accounting practices with international financial reporting standards within 18 months
Thirty financial groups on systemic risk list
Thirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, including banks and insurance groups
Owens stands down as Thames Water head
Man given the task of maintaining a leaking network of pipes hundreds of miles long and buried under busy London streets
Sands debut adds to gaming gloom
Sands China, which operates the Las Vegas group’s three casinos in Macao, fell as much as 15 per cent in its trading debut in Hong Kong in spite of a rebound in the broader market
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