Market Chatter - Corporate finance press digest
BANGALORE, April 11
BANGALORE, April 11 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:
* The retail arm of South African bank FirstRand aims to spend almost 2 billion rand ($254 million) in the next 12 months on expanding its entry-level banking network and its presence in Africa, the unit's head told the Business Day newspaper.
* Russian billionaire Alisher Usmanov may trade part of his stake in the country's No.2 mobile phone operator MegaFon for control in next-generation telecoms provider Yota, business daily Vedomosti reported on Tuesday.
* The operator of the planned Shanghai Disney theme park has secured a 12.9 billion yuan ($2 billion) syndicated loan for the construction of the park, Chinese media reported on Wednesday, a boost for Walt Disney Co as it embarks on a newly announced animation venture in China.
- Obama unveils U.S. immigration reform, setting up fight with Republicans |
- Officials make preparations for Ferguson grand jury decision |
- More arrests as protesters await Ferguson grand jury decision
- U.S., Iran discussing new ideas to break nuclear impasse: sources
- 'Immoral, but not illegal': metal warehousing games in the spotlight
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video