Friday, 15 February 2013

* Barrick Gold hit by $900m pre-tax loss - Financial Times (blog)

* Sebi orders seizure of Sahara arms' assets

* Kenyan growth foreseen if violence avoided

* Caracas warns businesses on price rises

* Brazilian sage retains his top-table touch

* Barrick Gold hit by $900m pre-tax loss

* Moscow bourse to price at low end

* Tycoon takes on Regus with £65m offer

* AB InBev offers Modelo deal concessions

Markets: mixed

Sebi orders seizure of Sahara arms' assets
Two subsidiaries of Sahara India Pariwar face having their assets seized by India's securities regulator, which claimed that the group failed to repay an estimated 30m investors a total $3bn it raised in 2008.
http://on.ft.com/ZeqRKW

Kenyan growth foreseen if violence avoided
The International Monetary Fund predicts growth in Kenya will rise to 5.8 per cent this year, if a repeat of the election violence that sent growth crashing in east Africa's largest economy in 2008 is avoided.
http://on.ft.com/12FMikl

Caracas warns businesses on price rises
Venezuela's government has warned that it will crack down on businesses that raise prices and has pledged that the devaluation of its currency will not increase inflation.
http://on.ft.com/XH6vac

Brazilian sage retains his top-table touch
Jorge Paulo Lemann and his partners at 3G Capital, Marcel Telles and Carlos Sicupira, may need an introduction outside of Brazil, but not in their home country.
http://on.ft.com/VgJYCO

Barrick Gold hit by $900m pre-tax loss
Barrick Gold, the world's largest gold miner by output, has plunged to a $900m pre-tax loss after it was hit with an impairment charge on its struggling African copper mine.
http://on.ft.com/15fSe7G

Moscow bourse to price at low end
Russia's main stock exchange is likely to see its shares priced at the lower end of the indicated range on Friday, after getting its initial public offering off the ground with help from a Kremlin-backed private equity fund and its Chinese counterpart.
http://on.ft.com/ZerpQR

Tycoon takes on Regus with £65m offer
A Hong Kong billionaire is set to make a last-minute bid to wrest control of one of the UK's largest providers of serviced offices in a move likely to trigger a takeover battle with Regus, the FTSE 250 property group.
http://on.ft.com/ZersMu

AB InBev offers Modelo deal concessions
Anheuser-Busch InBev has offered to offload assets and licences in a bid to win regulatory approval for its $20bn takeover of Grupo Modelo, the Mexican brewer.
http://on.ft.com/YZoY0P

Emerging Markets
MSCI Emerging Market Index up +0.10% at 1,067

Americas
DJIA down -0.07% at 13,973
S&P 500 up +0.07% at 1,521
Bovespa down -0.56% at 58,077

Asia
Nikkei 225 down -1.74% at 11,111
Topix down -1.73% at 938.33
Hang Seng down -0.15% at 23,378
Shanghai Composite up +0.57% at 2,432
MSCI Asia ex-Japan up +0.07% at 557.64
S&P CNX Nifty Index down -0.48% at 5,869

Currencies
€/$ 1.34 (1.34)
$/¥ 92.29 (92.85)

Commodities
Brent Crude (ICE) down -0.09 at 117.91
Light Crude (Nymex) up +0.03 at 97.34
100 Oz Gold (Comex) down -1.70 at 1,633

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