Straight from the Specialists
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Though we have outperformed world markets, the period of indecisiveness is getting stretched. Vijay Mallya finally announced a deal with Diageo to sell a stake in United Spirits, his crown jewel — a much speculated transaction for the last few months.
Euro zone woes were back on the radar with reports of a delay in Greece’s next bailout tranche, and the continuing problems in Spain. ECB President Mario Draghi’s comment on Germany being impacted by the euro zone crisis added to the negativity.