Samsung predicts sharp rise in profit
| Samsung predicts sharp rise in profit |
| Samsung Electronics, the world’s biggest maker of memory chips and liquid crystal display screens, gave a surprisingly bullish profit forecast which suggested that the worst might be over for the technology giant http://link.ft.com/r/XYEWFF/ |
| Securitisation reinvented to cut costs |
| Investment banks, including Goldman Sachs and Barclays Capital, are inventing schemes to reduce the capital cost of risky assets on banks’ balance sheets, in the latest sign that financial market innovation is far from dead http://link.ft.com/r/XYEWFF/ |
| UBS to shake up US brokerage |
| Oswald Grübel, UBS’s chief executive, wants to shake up the top managerial ranks of the embattled bank’s brokerage business in the US after deciding against a sale, according to people familiar with the matter http://link.ft.com/r/XYEWFF/ |
| AIG to weigh up offers for Taiwan life arm |
| The insurance group will this week assess initial bids for its $2bn Taiwanese life assurance unit, after strong interest from global private equity firms and strategic buyers http://link.ft.com/r/XYEWFF/ |
| Andreessen raises $300m VC fund |
| The strong backing for the co-founder of Netscape and one of Silicon Valley’s best-known serial entrepreneurs reflects intense competition among investors to jump into the hottest internet deals http://link.ft.com/r/XYEWFF/ |
| Eros plans push on back of Bollywood boom |
| Eros International is deepening its expansion into Hindi-language music with plans for several overseas acquisitions as Bollywood seeks to capitalise on the popularity of Oscar-winning film Slumdog Millionaire http://link.ft.com/r/XYEWFF/ |
| Madoff lawyer says he would do it all again |
| Ira Sorkin, the man who defended Bernard Madoff would not hesitate to do it again, in spite of having been the target of death threats http://link.ft.com/r/XYEWFF/ |
| China to step up ad ranking |
| The global advertising market will bottom out in the current quarter and China is set to overtake the UK as the fourth-largest market, behind Germany and Japan, one of the world’s largest media agencies predicts in a report http://link.ft.com/r/XYEWFF/ |
| Saudi fund eyes $1bn UK real estate deal |
| An investment manager part-owned by the Saudi royal family is planning to invest a chunk of its assets in UK and US commercial property, according to Prince Faisal bin Salman bin Abdulaziz, its chairman http://link.ft.com/r/XYEWFF/ |
| Exporters squeezed by euro strength |
| The strength of the euro is forcing European companies to step up cost-cutting to compete with rivals from the US and elsewhere amid fears that it could slow their recovery when demand picks up http://link.ft.com/r/XYEWFF/ |
| Broker-banker marriage hit by breaches of trust |
| The financial industry’s vaunted belief in trust and long-term relationships is being challenged by research showing that before the crisis US mortgage brokers fed loans of deteriorating quality to the banks they did most business with http://link.ft.com/r/XYEWFF/ |
| Canary Wharf to be casualty of Nomura shift to City |
| Nomura is in exclusive talks to move its UK business, including teams acquired from Lehman Brothers, into an office development in the City of London http://link.ft.com/r/XYEWFF/ |
| Private equity deals are ‘not riskier’ |
| Academic research has cast doubt on the link between private equity ownership and a higher failure rate for companies, in a finding that could be useful in the buy-out industry’s battle against proposed regulation http://link.ft.com/r/XYEWFF/ |
| BT sets executive pay below its rivals |
| The former state-owned UK telecommunications company has set the base salary of its executives at rates below the average paid to senior managers at its competitors http://link.ft.com/r/XYEWFF/ |