Press Round-up – February 29

February 29, 2012

BTG takes steps towards listing
BTG Pactual has mandated Goldman Sachs and JPMorgan to help manage its initial public offering as it tries to build one of the biggest independent emerging market investment banks. (FT)

Google in EU showdown over privacy rules
Google has found itself on a collision course with European regulators after a provisional finding that its new privacy policy breaches European law. (FT)

Don’t threaten us, EU tells Vodafone
Vodafone was in head-on conflict with the European Commission on Tuesday after warning that mobile companies would slash investment in new networks if regulators did not ease up on prices. (Times)

Apple joins the $500 billion club
Apple has joined an elite group of companies to reach a $500 billion equity valuation amid expectations it is to launch the new version of the iPad next week. (FT)

Osborne drafts new law on tax dodging
A new law against corporate tax dodging will be announced in UK finance minister George Osborne’s budget next month in his latest effort to crack down on corporate tax avoidance after the Treasury shut down two schemes this week that Barclays  used to avoid at least 500 million pounds of tax. (Guardian)

Taxpayers face 15-year Northern Rock wait
UK taxpayers will have to wait up to 15 years to recoup the money spent on rescuing Northern Rock, according to the first official analysis of potential returns from one of the highest-profile bailouts of the financial crisis. (FT)

Dalio takes hedge crown from Soros
Ray Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8 billion for investors last year. (FT)

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