India’s Bharti Airtel & South African operator MTN returned to the bargaining table this week, over a merger that could create a $20 billion mobile giant.
The potential deal is attractive for both parties & if successful, would create a leading telecommunications service provider group aligning Bharti’s market leading Indian business with [...]
BT Group and Tata Communications Ltd. have signed a major voice services agreement that will allow two of the world’s largest providers of voice and IP services to mutually benefit from shared resources as part of a global supply arrangement.
Through the five-year agreement, Tata Communications will become BT’s primary supplier of International Direct Dial (IDD) [...]
HSBC, through its wholly-owned subsidiary HSBC Asia Pacific Holdings (UK) Limited, has completed its acquisition of 88.89 per cent of PT Bank Ekonomi Raharja Tbk for US$607.5 million in cash, paid in US dollars.
Bank Ekonomi is one of the largest providers of SME banking services to the fourth most populous nation globally and will almost [...]
With China having superceded Japan as Australia’s biggest trade partner last year, the proposed Chinalco investment in mining giant Rio Tinto, could soon be part of a much larger strategic effort by the two nations, that ultimately could be a threat to the US dollar. Today, The Australia China Business Council [...]
Much was recently made of China’s physical gold stock revelation & rightly so. On a number of boards & blogs, I have stated my view that China is trying desperately to move away from USD denominated debt & will look at a multitude of ways of doing this. To recall, the 540 [...]
Companhia Vale do Rio Doce (Vale) has recently been climbing back from lows caused by the severe drop in demand for its principle feedstock, iron ore.
However, there are signs that the Brazilian mining giant may be turning the corner, as the Baltic Dry Index (BDI) has begun to show some [...]
Although in Q4 2008, Mobile Telesystems (MTS) suffered a disastrous $794.8 million foreign exchange loss to reflect book value of the company’s foreign-denominated debt due to the weak ruble, there are plenty of signs Russia’s largest mobile operator is worth investing in now. With revenue growing 4.0% to $2.42 billion from [...]