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Market Chatter-Corporate finance press digest

Stage set for shifting FMC to Finance Ministry

Will Englund Police operations against migrants form a backdrop for the campaigns of the top two candidates. Schaeuble was quoted as telling Germanys Handelsblatt daily that the prospect of further aid is being held out on condition that Greece fulfills its obligations and in the expectation that this will be about far smaller sums than to date, because Greece will then already have a primary surplus. He said he cant name any specific figures or measures and that decisions will have to be made next year, but again rejected the idea of a second debt writedown for Greece following a massive debt restructuring deal agreed with private sector bondholders last year. Asked where the money for a further Greek aid package would come from, Schaeuble said that hasnt been decided but noted that the eurozones rescue fund, the European Stability Mechanism, is far from exhausted. Germanys opposition has seized on Schaeubles comments about Greece to attack the governments credibility ahead of Sept. 22 elections. But officials are insisting the minister was really saying nothing new, noting that they have long said more aid was likely.

"Considering the performance - Rs 9.10 EPS for Q1, one can safely assume an EPS of closer to about Rs 38-39 for the company," Tulsian adds. Like this story, share it with millions of investors on M3 Power Finance Corp may touch Rs 150: SP Tulsian SP Tulsian of sptulsian.com feels that Power Finance Corporation may touch Rs 150 in next six months. "Considering the performance - Rs 9.10 EPS for Q1, one can safely assume an EPS of closer to about Rs 38-39 for the company," Tulsian adds. Post your opinion here Like this story, share it with millions of investors on M3 Power Finance Corp may touch Rs 150: SP Tulsian SP Tulsian of sptulsian.com feels that Power Finance Corporation may touch Rs 150 in next six months. "Considering the performance - Rs 9.10 EPS for Q1, one can safely assume an EPS of closer to about Rs 38-39 for the company," Tulsian adds.

* German bank Hypo Real Estate (HRE) plans to start a bidding process in the next few weeks to sell its public finance specialist unit, Depfa, a person with knowledge of the matter told Reuters on Sunday. * BATS Global Markets Inc, the third-largest U.S. stock exchange, is in advanced talks to merge with smaller rival Direct Edge Holdings LLC, the Wall Street Journal reported on Friday, citing sources familiar with the matter. * Alibaba Group is planning a management structure that would allow its partners to nominate the board and retain control over decision-making after it goes public, the Hong Kong Economic Times (HKET) daily reported on Friday. * Goldman Sachs Group Inc put four senior technology specialists on administrative leave after a trading glitch that led to a flood of erroneous options trades, the Financial Times reported, citing people familiar with the situation.

Protesters from a coalition of groups demonstrate the conviction of Wikileaker Bradley Manning late August 21, 2013 in front of the White House in Washington, DC. A US military judge sentenced Army Pfc. Bradley Manning to 35 years in prison August 21, 2013 for leaking hundreds of thousands of classified documents to the anti-secrecy group WikiLeaks AFP PHOTO/Paul J. RichardsPAUL J. RICHARDS/AFP/Getty Images The PMO is expected to issue an order for shifting the Forward Markets Commission (FMC) to the administrative control of the Finance Ministry in a week, they added. Last week, the Cabinet secretariat endorsed the finance ministry's long-held view that commodity derivatives, being financial products, should be under the ambit of the ministry. Once the FMC comes into its fold, the Finance Ministry will take a call on whether to keep it as separate entity or make it a division of the capital market regulator, Securities and Exchange Board Of India (Sebi), sources said. Sebi is under the administrative control of the Finance Ministry. The consent of the consumer affairs ministry to take the FMC out of its purview came amid an escalation of a settlement crisis at the National Spot Exchange Limited (NSEL) after members defaulted on the first pay-out on August 20.

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