INVESTMENT

Rupee Remains Volatile Despite RBI Intervention While India's Industrial Production Shows Surprising Decline

Indian Rupee
Despite RBI's desperate efforts to prop it up, rupee declined by 18 paise to reach 53.60 against dollar in the late morning trade on Friday. However, rupee stabilized in the later sessions at 53.54/55 before closing at 53.45 and India's industrial production surprisingly declined by 3.5 percent in March, for the first time in five months, prompting the industry to seek cut in interest rates.
1. QATAR

Qatar Sovereign Fund On Buying Spree: Royal Dutch Shell, Xstrata, Eni, Total

The Qatar Investment Authority (QIA) is on an investment spree, bulking up its holdings in several major companies including Royal Dutch Shell Plc (NYSE: RDS.A), Eni SpA (NYSE: E), and Xstrata PLC (London: XTA), and the sovereign fund has already taken a holding Total SA (NYSE: TOT) and is pursuing avenues to invest in Glencore International Plc (London: GLEN), sources reported Friday.
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A woman clad in burqa walks out of the Nejat drug rehabilitation centre, an organisation funded by the United Nations providing harm reduction and HIV/AIDS awareness, in Kabul

The Global Fund Gets $1.6 Billion Shot In Arm

The Global Fund, a leading financier in the struggle against AIDS, tuberculosis and malaria, expects to have an additional $1.6 billion to fund projects in 2012-2014, its new chief said on Wednesday, a turnaround from a funding freeze last year.
Priceline.com CEO Jeff Boyd

Priceline Beats Estimates, But 2Q Outlook Disappoints

Priceline.com Inc. (Nasdaq: PCLN), the online travel agent, said first quarter revenue increased 28.2 percent to $1 billion as more customers used its airline and hotel booking services, particularly internationally.
IBTimes Logo

McDonald's April U.S. sales miss estimates

Neither premium chicken sandwiches nor Angus burgers could tempt U.S. consumers to spend more on higher-priced items at McDonald's, as a tepid U.S. economic recovery kept restaurant spending in check.
Mark Zuckerberg

Facebook IPO: Five Things To Consider Before You Buy Facebook Stock

As Mark Zuckerbeg and other top Facebook executives have hit the road in an effort to draw interest in what is estimated to be the largest intital public offering in internet history, the Co-Founder and CEO is betting that investors will Like Facebook. The Menlo Park, California-based Facebook will set its final price on the eve of May 18 -- the company's first day of trading.
Univision panel

ABC, Univision to Start Joint Venture Cable News Network

ABC News and Spanish-language broadcaster Univision have announced they will be launching an English-language 24/7 news network later in the year that will be focused on the growing number of Hispanic media consumers in the United States.
America Movil

America Movil Offers $4.2B For KPN Stake

America Movil the telecom group controlled by Mexican tycoon Carlos Slim, has offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Netherlands-based KPN NV, seeing it as a base for potential expansion in Europe.
2012 Met Gala Most Dramatic Dresses

Met Gala 2012 Most Dramatic Gowns: Beyonce In Givenchy, Florence Welch In McQueen And More [PHOTOS]

Drama, drama, drama. The gowns that stood out the most at the 2012 Met Gala at New York City's Metropolitan Museum of Art Costume Institute Benefit certainly brought the most drama. From trailing trains and see-through lace to feathers and layers upon layers of tulle, the most dramatic gowns of the night proved to be the most stunning. Check out photos of Beyonce, Florence Welch, Cate Blanchett and more.
NYSE

Western Markets Shake Off Euro Election Jitters: Daily Markets Wrap.

Western markets rallied Monday to make up for jitters about French and Greek election results that sent them down earlier. The rebound was possibly due to investors looking for bargains after stocks were dumped Friday after the disappointing U.S. nonfarm payrolls report.
Russia

Russia's Putin Orders Investment, Labor Shake-Up

Vladimir Putin ordered Russia's government to boost investment and shake up state-run industries in a flurry of decrees issued after he returned to the presidency on Monday with a call for a new economy.
A bus and taxi pass Big Ben on Westminster Bridge in London

3i In Talks To Sell Enterprise Unit to Ferrovial

3i Group plc (London: III) the largest listed UK private equity company, is in talks with Spain's Ferrovial to sell its Enterprise maintenance and cleaning company, the Financial Times reported.
LNG tanker

Singapore's Temasek Investing $468M in US LNG Venture

Temasek Holdings Pte. Ltd., the Singaporean sovereign-investment vehicle and RRJ Capital, a private equity fund run by former Temasek executive Richard Ong, will jointly invest about $468 million in Houston's Cheniere Energy Incorporated (Nyseamex: LNG), as Singapore pursues its goal of becoming an Asian hub for liquid natural gas (LNG).

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