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Finance & Markets

Encube Ethicals Said to Plan $317 Million India IPO This Month

Encube Ethicals Pvt., backed by private equity firm Quadria Capital, is preparing for an initial public offering in Mumbai as soon as this month that could raise about 30 billion rupees ($317 million), according to people familiar with the matter.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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South Korea FX Reserves Rebound Above $443 Billion

The reserves had temporarily declined in September due to factors including entrusted assets related to investment in the United States, but recovered in October as returns on foreign currency asset…

  • South Korea's foreign exchange reserves exceeded $443 billion in October.
  • Reserves increased by $15.11 billion from September's $440.56 billion.
  • Deposits accounted for $6.32 billion of the reserve growth in October.

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