* Ambani brothers strike telecoms deal
* China’s ICBC to buy Taiwan bank stake
* Brazil industry stumbles in February
* Invest in Africa reviews Sunderland deal
* North Korea to restart nuclear facilities
* Indian IPOs: lacking momentum
* ‘Transformers 4’ to be produced in China
Markets: mostly down
Ambani brothers strike telecoms deal
The telecoms arms of Indian billionaire brothers Mukesh and Anil Ambani have struck an alliance that provides the clearest evidence yet of a rapprochement in one of Asia’s most high-profile corporate family feuds.
China’s ICBC to buy Taiwan bank stake
China’s ICBC bank has announced plans to buy a 20 per cent stake in one of Taiwan’s biggest banks, the first significant proposed investment by a mainland buyer into a Taiwanese financial group.
Brazil industry stumbles in February
If the Brazilian government had a magic wand, it would be the tax known as the IPI, or the industrial production tax. Every time Brazilian industrial production slips, the government extends an IPI tax break that was first introduced last year on car sales to try to stimulate production.
Invest in Africa reviews Sunderland deal
Invest in Africa, the not-for-profit initiative which promotes the continent as an investment destination, said on Tuesday it was reviewing its partnership with Sunderland Association Football Club.
North Korea to restart nuclear facilities
North Korea said on Tuesday that it would restart a shuttered plutonium reactor and increase production of enriched uranium, a move that further increases tension on the Korean peninsula and raises the pressure on the US and South Korea to resume talks with Pyongyang.
Indian IPOs: lacking momentum
What’s going on with Indian IPOs? Poor demand, increased competition for retail investment or bad news from companies that went before? Whatever the reason, fundraising via initial public offerings in the 2012-13 year has been rather flat in India. Companies raised just over Rs60bn ($1.1bn) via IPO in the fiscal year just ended – that’s an increase of only 4 per cent year-on-year, according to stock exchange data seen by the Press Trust of India.
‘Transformers 4’ to be produced in China
Viacom’s Paramount Pictures said on Tuesday it had reached a deal with the government-run China Movie Channel and its online movie service partner, Jiaflix Enterprises, to produce Transformers 4 in China.
MSCI Emerging Market Index down -0.27% at 1,026
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S&P 500 up +0.52% at 1,570
Bovespa down -1.81% at 54,889
Nikkei 225 up +1.95% at 12,238
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Hang Seng down -0.26% at 22,310
Shanghai Composite up +0.14% at 2,231
MSCI Asia ex-Japan down -0.27% at 541.29
S&P CNX Nifty Index down -0.27% at 5,733
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