 | Qtel sets May 13-24 for
$1.9 billion rights issue
QATAR Telecom (Qtel) on
Wednesday said shareholders can
subscribe to the company´s $1.9 billion
rights issue between May 13 and
May 24. The announcement to
increase share capital follows the
resolution of the extraordinary general.
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| | Britain slides back
into recession |  BRITAIN was back in recession
Wednesday after its
economy shrank in the first
quarter while Prime Minister
David Cameron said the
country was being buffeted
by the European downturn.
Gross domestic product
fell 0.2 percent between
January and March, after a
0.3-percent drop in the
fourth quarter of 2011, the
Office for National Statistics
(ONS) said in a statement.
That technically placed
Britain in recession, which is
defined as two successive
quarters of contraction,
amid a broader downturn
that appears to be taking
hold across Europe and
notably in members of the
eurozone.
"We are in a difficult economic
situation in Britain,"
Cameron said in... | | | Rosneft, Eni to explore oil & gas
in Barents, Black Sea zones |  ROSNEFT and Eni signed an
agreement on Wednesday in
the presence of Russian
Prime Minister Vladimir
Putin to jointly tap fields in
Russia´s Barents and Black
Sea zones, in Rosneft´s second
Arctic deal in two weeks.
The deal may not yield
commercial oil production
for years, but for Eni it
secures a foothold in an
untapped and strategically
important new province, and
for Russia, it brings in the
capital needed for long-term
projects to keep its oil flowing.
Russia, the world´s
largest oil producer, is facing
declining output at Sovietera
oilfields and, dependent
on energy for over half its
revenue, Putin´s government
has redoubled efforts to
bring in foreign... | | | S&P downgrades India´s
outlook to negative |  STANDARD & Poor´s cut
India´s credit rating outlook on
Wednesday to negative from
stable, reflecting the toll that
hefty fiscal and current account
deficits and political paralysis
are exacting on Asia´s thirdlargest
economy.
The negative outlook jeopardises
India´s long-term rating
of BBB, the lowest investment
grade rating, and sent Indian
bonds, stocks and the rupee
lower.
India has no sovereign global
bond issues, but a downgrade
would increase borrowing
costs for local companies
and make it harder to refinance
debt, and may have a further
chilling effect on foreign
investor confidence in the
country in general.
"The outlook revision
reflects our... | |
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