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Monti raises spectre of crisis

MILAN/ROME - Italy is again flirting with economic disaster, Prime Minister Mario Monti said, as huge crowds massed in Rome in protest at his austerity measures a day ahead of an election in Greece that threatens to destabilise the whole eurozone.

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Abraaj selling stake in Malaysia IPO

HONG KONG - Private equity firm Abraaj Capital will sell 434.7 million shares in Malaysian firm IHH Healthcare’s planned $2 billion IPO in Kuala Lumpur and Singapore, accounting for 20 per cent of the total stock on offer, according to a term sheet of the deal.

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IndiGo boosts Dubai services

India’s fast-growing low-cost carrier IndiGo has announced the launch of five new daily direct flights connecting Dubai and Bangkok with Chennai, Hyderabad, Kochi and Delhi from August.

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World stocks rise on concerted bank talk

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World stocks rise on concerted bank talk

World equity markets rose on Friday as investor fears of euro zone turmoil following Greek elections this weekend were offset by talk the world’s major central banks stand ready to make a coordinated response to ease any market dislocation.

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World on red alert for Greek vote

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World on red alert for Greek vote

Urgent messages flashed on cellphones, email alerts popped up and telephones rang for a team at asset manager Legg Mason. Dial in to a conference now, the 30-strong enterprise risk management team was told. A major event is underway.

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