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Euroclear to settle Russian treasury bond trades

Brussels: Euroclear is ready to begin settling Russian treasury bond trades once it receives clearance from the market regulator, a change that is set to open up the market to international investors.

Head of product management Stephan Pouyat said outstanding legal concerns had been resolved but that Euroclear was still awaiting formal confirmation

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Strong trade data lift Chinese stocks

Beijing: Property and financial shares led gains in Hong Kong and mainland China markets on Monday following stronger-than-expected Chinese trade data last week and a preliminary report of strong earnings growth at a mid-sized lender.

China’s blue-chip CSI300 gained 3.8 per cent after at one point hitting its highest level since June, while the S

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India’s telecos get Supreme Court reprieve until Feb 4

New Delhi: The Supreme Court on Monday allowed telecom operators whose licences were cancelled by its February 2, 2012 order to continue their services till February 4, 2013. An apex court bench of Justice G.S Singhvi and Justice K.S. Radhakrishnan passed the order on a Department of Telecommunications (DoT) application seeking that the

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News Corp takes majority stake in German pay-TV Sky Deutschland

Berlin: A wholly-owned subsidiary of Rupert Murdoch’s News Corp. has taken a majority stake in German pay-TV Sky Deutschland. The Munich-based channel said in a statement on Monday that News Adelaide has increased its holding in Sky Deutschland to 54.5 per cent for €347.4 million ($463.14 million). Sky Deutschland says News Corp. has also ag

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Goldman eyes tax delay on UK bonuses

London: Goldman Sachs is among a handful of banks considering delaying UK bonus payouts until after April 6 when the top rate of income tax falls from 50 to 45 per cent.

The bank’s plan, which relates to bonuses for performance in 2009, 2010 and 2011, rather than new awards, is expected to prove controversial despite being perfectly legal. Pat M

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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