[external] India's Bharti, MTN talks to close this weekend-paper - Reuters - Sun 2:59 am
MUMBAI, May 17 (Reuters) - India's Bharti Airtel Ltd and South African telecoms operator MTN Group may complete their merger talks this weekend, India's Mint newspaper reported on Saturday, citing financial industry sources.

[external] HSBC to buy majority in Indian broker for $261 mln - Reuters - Sun 1:46 am
MUMBAI, May 17 (Reuters) - HSBC said on Saturday it will acquire 73.21 percent of Indian brokerage IL&FS Investsmart in an all-cash deal for $261 million to boost its presence in the growing domestic market.

[external] Sichuan TV maker says quake effects short-lived - Reuters - Sat 11:18 pm
SHANGHAI, May 17 (Reuters) - Chinese TV and electrical appliance maker Sichuan Changhong Electric Co has resumed production after it incurred damage to factory buildings from this week's earthquake, a newspaper reported on Saturday, citing company officials.

[external] Australia's St George open to more bids-newspaper - Reuters - Sat 9:51 pm
SYDNEY, May 17 (Reuters) - St George Bank , whose board has recommended a $17.6 billion bid from Westpac Banking Corp Ltd in Australia's biggest banking takeover in corporate history, is open to other bids, a newspaper cited a senior company official as saying on Saturday.

[external] Petronas unit may re-issue $309 mln tender-paper - Reuters - Sat 8:09 pm
KUALA LUMPUR, May 17 (Reuters) - Petronas Carigali, a wholly-owned subsidiary of Malaysia's national oil firm Petronas [PETR.UL], may re-issue a 1 billion ringgit ($309 million) underwater maintenance contract due to higher costs, the Edge newspaper reported on Saturday.

[external] Bid target Wing Lung's Q1 interest income falls 1.4 pct - Reuters - Sat 7:39 pm
HONG KONG, May 17 (Reuters) - Wing Lung Bank Ltd , which is awaiting final bids in a takeover battle, said its net interest income for the first quarter of 2008 fell 1.4 percent to HK$360.1 million ($46.2 million) from a year ago.

[external] Delphi asks court to force investors to pay $2.6 bln - Reuters - Sat 2:57 pm
DETROIT, May 16 (Reuters) - Auto parts supplier Delphi Corp on Friday filed a lawsuit against an investor group led by Appaloosa Management L.P in an attempt to win a court order requiring the group to provide $2.55 billion in equity or damages to the bankrupt company.

[external] Carlyle buying Booz Allen unit stake for $2.54 bln - Reuters - Sat 12:50 pm
NEW YORK, May 16 (Reuters) - Washington-based private equity firm Carlyle Group [CYL.UL] is buying a majority stake in the U.S. government business of management consulting technology firm Booz Allen Hamilton Inc for $2.54 billion, the companies said on Friday.

[external] KKR starts infrastructure group - Reuters - Sat 12:44 pm
(Adds background about other infrastructure funds in paragraphs 2-4, fund size from source in paragraph 3, bylines)
By Jessica Hall and Megan Davies
PHILADELPHIA/NEW YORK, May 16 (Reuters) - Kohlberg Kravis Roberts & Co [KKR.UL] said on Friday it would begin investing in global infrastructure assets with a team led ...

Earlier Headlines

All times are Singapore Time (GMT+8)

· [external] US STOCKS-Flat day but stocks up for week, oil near $128 - Reuters - Sat 12:24 pm
· [external] MOVES-Piper Jaffray, Wachovia, Merk Investments, KKR - Reuters - Sat 9:46 am
· [external] LSE shares jump 10 pct on merger, costs potential - Reuters - Sat 8:41 am
· [external] Emkay Share Jan-March net soars - Reuters - Sat 5:11 am
· [external] New Issue-Danske Bank adds 100 mln Turkish lira to 2010 bond - Reuters - Sat 4:30 am
· [external] SMFG posts big Q4 rebound, forecasts modest growth - Reuters - Sat 4:14 am
· [external] Pakistani shares close weaker after S&P downgrade - Reuters - Sat 3:28 am
· [external] India's Kotak plans ETF linked to NSE index - Reuters - Sat 3:07 am
· [external] U.S. futures signal upbeat start; Yahoo rallies - Reuters - Sat 2:47 am
· [external] Malaysia's MAA says AXA ends stake purchase talks - Reuters - Sat 2:45 am

· [external] Activist shareholder quits HK Exchange board - Reuters - Sat 2:27 am
· [external] Thai Bank of Ayudhya sets $617 mln bond coupons-funds - Reuters - Sat 2:17 am
· [external] Fixed income head of ABN AMRO India fund quits - Reuters - Sat 2:09 am
· [external] Master Trust to issue shares at 134 rupees/share - Reuters - Sat 1:57 am
· [external] Vietnam fails again to sell any govt bonds - Reuters - Sat 1:54 am
· [external] Block deal of 5.11 pct in Shriram City Union on BSE - Reuters - Sat 1:47 am
· [external] Pou Sheng, Xtep sport retailers launch $784 mln HK IPOs - Reuters - Sat 1:35 am
· [external] AIG India raises entry fee on four funds - Reuters - Sat 1:17 am
· [external] ICICI Pru to open derivatives fund for 2 days - Reuters - Sat 12:54 am
· [external] Japan financial regulator punishes Takefuji - Reuters - Sat 12:53 am

· [external] China's Ag Dev Bank to sell 10 bln yuan bonds - Reuters - Sat 12:43 am
· [external] Thai Bank of Ayudhya sets $617 mln bond coupons - Reuters - Sat 12:36 am
· [external] Tata Investment FY08 net up marginally - Reuters - Sat 12:30 am
· [external] SMFG says lost $889 mln on subprime in 2007/08 - Reuters - Sat 12:29 am
· [external] SMFG posts rise in profit, forecasts modest growth - Reuters - Sat 12:24 am
· [external] Tata Invt to raise 4.48 bln rupees via bonds rights issue - Reuters - Sat 12:15 am
· [external] Thai Hot Stocks - Padaeng Industry, Bangkok Aviation down - Reuters - Sat 12:12 am
· [external] New Britain pads estates with $44 mln PNG buy - Reuters - Sat 12:07 am
· [external] Kawasaki Heavy to sell 150 cc sports bikes in India - Reuters - Fri 11:58 pm
· [external] Australia bond issues and roadshow log - May 16 - Reuters - Fri 11:07 pm