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Wednesday, 12 October 2016

Also making news on 12 October 2017

Other national and international stories of which you may wish to be aware this morning:

  • Naguib is looking at Brazil, where he’s apparently still interested in taking a stake in distressed telecommunications outfit Oi, according to a report yesterday by Bloomberg.
  • As those of you on the issuer side of the table know, South Africans are among the few international funds out there who are actually buyers of Egyptian shares. What’s on the mind of; the RSA fund manager right now? Markets and the rand tanked yesterday on news that the country’s generally well-respected finance minister, Pravin Gordhan, is being summoned to answer fraud charges in what many see as a politically-motivated investigation. Plenty more in the Reuters, Bloomberg and the Financial Times.
  • Lobster is at an 11-year high, with wholesale prices at USD 6 a pound, the Financial Times reports. Why should you care? Because they’re delicious, and this is the only way to eat them. (Though we’ll confess that two lobster plus a small bowl of melted butter with fresh garlic is not a bad second option.)
  • Are you (or your kid?) starting to look for summer internships? Or the next co-op placement? ‘Tis the season to be planning. Henry Blodgett’s gang over at Business Insider have your back with “Here are the 9 best internships at Wall Street banks.”

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