Sunder’s List

Dow -0.44% to 12968. S&P -0.42%. Stoxx 50 +0.2%. Germany +0.4%. Spain -0.7%. France +0.26%. London +0.08%.

India has frozen aid to the Maldives as its government on Monday decided to take control of the international airport. The Male government had asked GMR to vacate and remove all property from the airport within 30 days. (ET) Meanwhile, Axis Bank has sent a legal notice to the Maldives government to recover its $350 million loan given to GMR. [stockquote]GMRINFRA[/stockquote] [stockquote]AXISBANK[/stockquote]

MphasiS has acquired Florida, US-based data analytics company Digital Risk, for $200 million (Rs. 1100 crore) in an all-cash deal. MphasiS’ purchase of Digital Risk will offer an exit route for private equity firm Century Capital, which owned about 40% in the company. (ET) [stockquote]MPHASIS[/stockquote]

US ISM Manufacturing Index came in at 49.5 vs. 51.7 expected. The print is a big miss, the 4th contraction in 6 months, and the lowest print since July 2009. Also: Roundup of Global PMI at FT.

Will European insurance companies be forced to dump €500bn of equities? Solvency II rules stipulate the capital requirements insurers’ must meet to hold various asset classes. It is widely seen as pushing them to diversify their portfolios away from equities in order to cut their capital requirements and reduce volatility. (FT)

Will rising shale oil output from the US push international oil prices down to $50? Yes, says Merrill Lynch. No says FT. (BI, FT)

Good luck!

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