FortuneGrowth disappointments drag India funds down in November
LONDON (Reuters): Worries that India’s evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.
Citi sued in Taiwan by HTC after share price fall
Reuters: HTC Corp, the world’s No.4 smartphone maker, has filed a criminal complaint against Citigroup Inc’s Taiwan unit, alleging the bank published false information that led to a fall in HTC’s share price, a Taiwan prosecutor said on Tuesday.
Japan investors’ net fund selling biggest in three years
TOKYO (Reuters): Net selling of mutual funds by Japanese retail investors in November marked the biggest outflow in three years as sharp volatility in global shares and the yen’s strength chased them away from the fund market, an industry body said on Tuesday.
D. Boerse, NYSE offer more remedies to clear $ 9 b merger
PARIS/FRANKFURT (Reuters): Exchange operators NYSE Euronext and Deutsche Boerse on Tuesday offered more divestments in a bid to assuage European authorities’ antitrust concerns over their proposed $9 billion merger.
UK’s Green Bank to lend to wind, waste energy
LONDON (Reuters): Britain’s Green Investment Bank (GIB) will start lending money to renewable energy projects from April next year, Business Secretary Vince Cable said on Monday, with offshore wind and waste energy projects a top priority over the first three years.
Zurich Financial expects emerging markets to add more in new life business
SINGAPORE (Reuters): Swiss insurer Zurich Financial Services AG expects emerging markets to account for about half of its new life insurance business by 2013 as it seeks higher growth opportunities at a time when developed economies are slowing down, its Chief Executive said on Monday.
This was higher than its previous target of 30 per cent, said Martin Senn, CEO of Zurich Financial. He added that the group’s emerging market operations contribute about 26 per cent currently.
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