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Price fears cause ONGC share sales to slightly miss target
Storey Link: Price fears cause ONGC share sales to slightly miss target
As reported by the BBC, the Indian government's efforts to sell a 5 per cent share in the Oil and Natural Gas Corporation slightly missed the set target amid fears that stakes were over-priced. It put up for sale 428 million shares at 290 rupees each, expecting to raise 124 billion rupees ($2.5bn; £1.6bn). However, it received offers for...
Stock markets rise with Greek bailout hopes
Storey Link: Stock markets rise with Greek bailout hopes
As reported by the BBC, European stock markets ended favourably before a conference of eurozone finance ministers which is expected to settle a new rescue plan for Greece. Cash-strapped Athens must decide on the 130 billion euro (£110bn; $170bn) bailout package before mid-March to dodge a default on its debts.
Britain’s FTSE 100 went up...
Toyota profits forecast goes up with recovery
Storey Link: Toyota profits forecast goes up with recovery
Carmaker Toyota has raised its annual profits forecast, stating its recovery is on target following the blow of the Japanese tsunami, the strong yen and Thai floods. The company made a 80.9 billion yen profit ($1.05 billion; £660 million) between October - December, a drop of 13.5%.
However, it raised its yearly profit forecast to 200...
