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A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.
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*FTSE 100 down 1.59 points. *Vodafone down as investors demand more for Verizon. LONDON, April 29- Britain's top shares were rangebound by midday on Monday as investors sought out more reliable sectors, with Vodafone.
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**Kinross Gold Corp estimated the cost of a scaled-back expansion of its struggling Tasiast mine in West Africa at $2.7 billion, more than some analysts had expected, sending its shares 3 percent lower.
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Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid.
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LONDON, April 29- Britain's FTSE 100 futures are up 0.2 percent at 0638 GMT before the cash market opens. *VODAFONE- Six major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications VZ.N, and urged the latter to come up with an offer of at least $120 billion.
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PRAGUE, April 29- Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday. ,central Europe's largest listed company, closed at 550 crowns, their lowest level since August 2005, and 1.29 percent down on the day.
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Major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications.
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April 29- Verizon Communications Inc's chances of buying the 45- percent stake in Verizon Wireless owned by the UK's Vodafone Group Plc will hinge, at least in part, on the quality of tax advice it is getting.
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By Rajesh Kumar Singh and Manoj Kumar. NEW DELHI, April 29- An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story.
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By Rajesh Kumar Singh and Manoj Kumar. NEW DELHI, April 29- An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story.
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NEW DELHI, April 29- An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story.
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SINGAPORE, April 29- Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signing up hundreds of partners for retail outlets.
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Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid.
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April 26- India said 27 companies, including the local units of HSBC, Standard Chartered and Vodafone, underpaid taxes in the last fiscal year after they sold shares to their overseas arms too cheaply.
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GLOBAL MARKETS ROUNDUP* Nifty futures on the Singapore Exchange is 0.08 percent up while the MSCI-Asia Pacific index excluding Japan. FACTORS TO WATCH* Earnings of Maruti Suzuki India Ltd, Hero MotoCorp Ltd, ICICI Bank Ltd later in the day. *The India Meteorological Department releases maiden forecast for the four-month long monsoon season from June.
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Clearwire, which agreed in December to be bought out by Sprint for $2.97 per share, told analysts that deal would go ahead even if Sprint reneged on its October agreement to sell 70 percent of its shares to Japan's SoftBank Corp for $20.1 billion.
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Clearwire, which agreed in December to be bought out by Sprint for $2.97 per share, told analysts that deal would go ahead even if Sprint reneged on its October agreement to sell 70 percent of its shares to Japan's SoftBank Corp for $20.1 billion.
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NEW YORK, April 25- Verizon Communications has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from its partner Vodafone, two people familiar with the matter told Reuters. Verizon today calls this deal the beginnings of what is now Verizon Wireless.
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NEW YORK, April 25- Verizon Communications has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from its partner Vodafone, two people familiar with the matter told Reuters. Verizon today calls this deal the beginnings of what is now Verizon Wireless.
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*Verizon rises on Reuters report of possible wireless bid. NEW YORK, April 25- U.S. stocks rose on Thursday, buoyed by gains in shares of materials companies, including iron ore producer Cliffs Natural Resources Inc, and a drop in weekly jobless claims.
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LONDON/ NEW YORK, April 25- Verizon would likely have little trouble rustling up $50 billion or more in the debt markets to help fund the full buyout of Verizon Wireless from UK partner Vodafone, bankers and analysts said on Thursday.