Dec 31 (Reuters) - A federal judge in Texas on Saturday
issued a court order barring enforcement of an Obama
administration policy seeking to extend anti-discrimination
protections under the Affordable Care Act to transgender health
and abortion-related services.
Read more
Saturday, December 31, 2016
UPDATE 1-BB Seguridade names new CEO, while Banco do Brasil shuffles VPs
RIO DE JANEIRO, Dec 31 (Reuters) - BB Seguridade
Participações SA, the insurance unit of Brazil's
state-controlled lender Banco do Brasil SA, said in a securities
filing that its board on Friday elected Jose Mauricio Pereira
Coelho as its new chief executive officer.
Read more
Participações SA, the insurance unit of Brazil's
state-controlled lender Banco do Brasil SA, said in a securities
filing that its board on Friday elected Jose Mauricio Pereira
Coelho as its new chief executive officer.
Read more
China steps up scrutiny on individual forex purchases in the new year
SHANGHAI, Jan 1 (Reuters) - China's foreign exchange
regulator said that, starting Jan. 1, 2017, it will step up
scrutiny on individual foreign currency purchases and strengthen
punishment for illegal money outflows, but the $50,000 annual
individual quota will remain unchanged.
Read more
regulator said that, starting Jan. 1, 2017, it will step up
scrutiny on individual foreign currency purchases and strengthen
punishment for illegal money outflows, but the $50,000 annual
individual quota will remain unchanged.
Read more
HIGHLIGHTS-India's PM Modi announces financial incentives in New Year speech
Dec 31 (Reuters) - Indian Prime Minister Narendra Modi
announced a slew of incentives to the poor, farmers, women and
small businesses on Saturday in a special New Year's address.
Read more
announced a slew of incentives to the poor, farmers, women and
small businesses on Saturday in a special New Year's address.
Read more
Brazil's BB Seguridade appoints new chief executive and chairman
RIO DE JANEIRO, Dec 31 (Reuters) - BB Seguridade
Participações SA, the insurance unit of Brazil's
state-controlled lender Banco do Brasil SA, said in a securities
filing that its board on Friday elected Jose Mauricio Pereira
Coelho as its new chief executive officer.
Read more
Participações SA, the insurance unit of Brazil's
state-controlled lender Banco do Brasil SA, said in a securities
filing that its board on Friday elected Jose Mauricio Pereira
Coelho as its new chief executive officer.
Read more
Deutsche Bank chairman rules out pan-European merger -Frankfurter Allgemeine
BERLIN, Dec 31 (Reuters) - Deutsche Bank chairman
Paul Achleitner has ruled out a pan-European merger or a state
bailout in the wake of the lender's mortgage settlement with the
U.S. Department of Justice, Frankfurter Allgemeine
Sonntagszeitung reported.
Read more
Paul Achleitner has ruled out a pan-European merger or a state
bailout in the wake of the lender's mortgage settlement with the
U.S. Department of Justice, Frankfurter Allgemeine
Sonntagszeitung reported.
Read more
India's PM Modi announces incentives in New Year address
NEW DELHI, Dec 31 (Reuters) - Indian Prime Minister Narendra
Modi announced a slew of incentives to the poor, farmers, women
and small businesses on Saturday, in a New Year's speech in
which he also defended his decision to abolish high denomination
bank notes.
Read more
Modi announced a slew of incentives to the poor, farmers, women
and small businesses on Saturday, in a New Year's speech in
which he also defended his decision to abolish high denomination
bank notes.
Read more
China's brokerages told to manage reputation risk as scandals spread
SHANGHAI, Dec 31 (Reuters) - The Securities Association of
China (SAC) has told brokerages to strengthen their risk
management regimes to include reputation risk, SAC said in a
statement on its official website late Friday.
Read more
China (SAC) has told brokerages to strengthen their risk
management regimes to include reputation risk, SAC said in a
statement on its official website late Friday.
Read more
Friday, December 30, 2016
WRAPUP 2-China policymakers pledge stability for "complex" year ahead
BEIJING, Dec 31 (Reuters) - China's economy is on a steady
growth path as 2016 ends, supported by a housing boom and
billions in government investment, but the mood of policymakers
is more cautious than celebratory as they face "complexity" in
the new year.
Read more
growth path as 2016 ends, supported by a housing boom and
billions in government investment, but the mood of policymakers
is more cautious than celebratory as they face "complexity" in
the new year.
Read more
Braeburn Pharmaceuticals files for IPO
Dec 30 (Reuters) - Braeburn Pharmaceuticals Inc filed with
U.S. regulators on Friday to raise up to $150 million in an
initial public offering, seven months after its implant to treat
opioid addiction was approved in the United States.
Read more
U.S. regulators on Friday to raise up to $150 million in an
initial public offering, seven months after its implant to treat
opioid addiction was approved in the United States.
Read more
BRIEF-Great Lakes says entered agreement with Privet Fund LP and Privet Fund Management LLC
* Great Lakes Dredge & Dock Corp - entered into an agreement
with Privet Fund LP and Privet Fund Management LLC
Read more
with Privet Fund LP and Privet Fund Management LLC
Read more
BRIEF-JPMorgan China Region Fund Inc board to submit proposal for liquidation of fund to vote of stockholders
* JPMorgan China Region Fund Inc board to submit proposal
for liquidation of fund to vote of stockholders
Read more
for liquidation of fund to vote of stockholders
Read more
BRIEF-HCI Group says entered agreement which provides CEO annual base salary of $950,000 - SEC filing
* HCI Group - on Dec 30, co entered into an executive
employment agreement with co's CEO which provides CEO with
annual base salary of $950,000 - SEC filing
Source text: (http://bit.ly/2iyu4Bg)
Further company coverage:
Read more
employment agreement with co's CEO which provides CEO with
annual base salary of $950,000 - SEC filing
Source text: (http://bit.ly/2iyu4Bg)
Further company coverage:
Read more
BRIEF-Assurant Inc says now expects to record about $66 million pre-tax of reportable Q4 2016 catastrophe losses, net of reinsurance, or $43 million after-tax
* Assurant says as of Dec. 30, 2016, now expects to record
about $66 million pre-tax of reportable Q4 2016 catastrophe
losses, net of reinsurance, or $43 million after-tax
Read more
about $66 million pre-tax of reportable Q4 2016 catastrophe
losses, net of reinsurance, or $43 million after-tax
Read more
UPDATE 1-Greece's National Bank agrees sale of Bulgarian units to KBC Group
ATHENS/SOFIA, Dec 30 (Reuters) - National Bank of Greece
agreed to sell a 99.1 pct stake in its Bulgarian unit
United Bulgarian Bank (UBB) and its fully-owned leasing
subsidiary Interlease EAD to Belgian bank KBC Group,
National Bank said on Friday.
Read more
agreed to sell a 99.1 pct stake in its Bulgarian unit
United Bulgarian Bank (UBB) and its fully-owned leasing
subsidiary Interlease EAD to Belgian bank KBC Group,
National Bank said on Friday.
Read more
BRIEF-Imprimis Pharmaceuticals says it raised about $10 million
* Imprimis Pharmaceuticals says it raised about $10 million
in equity, options and warrant financing - SEC filing
Source text: (http://bit.ly/2im320x)
Further company coverage:
Read more
in equity, options and warrant financing - SEC filing
Source text: (http://bit.ly/2im320x)
Further company coverage:
Read more
UPDATE 1-Obama to meet lawmakers in attempt to protect health law
WASHINGTON, Dec 30 (Reuters) - President Barack Obama plans
to meet Democratic lawmakers in Congress next week to discuss
how to protect his signature healthcare law from Republican
efforts to dismantle it, a White House official said on Friday.
Read more
to meet Democratic lawmakers in Congress next week to discuss
how to protect his signature healthcare law from Republican
efforts to dismantle it, a White House official said on Friday.
Read more
Greece's National Bank agrees sale of Bulgarian unit to KBC Group
ATHENS, Dec 30 (Reuters) - Greece's National Bank
agreed to sell a 99.1 pct stake in its Bulgarian unit United
Bulgarian Bank (UBB) and its fully-owned leasing subsidiary
Interlease EAD to Belgian bank insurer KBC group,
National Bank said on Friday.
Read more
agreed to sell a 99.1 pct stake in its Bulgarian unit United
Bulgarian Bank (UBB) and its fully-owned leasing subsidiary
Interlease EAD to Belgian bank insurer KBC group,
National Bank said on Friday.
Read more
Iceland's Benediktsson to make new attempt to form government
REYKJAVIK, Dec 30 (Reuters) - The Independence Party leader
Bjarni Benediktsson said on Friday he had been asked to try to
form a new Icelandic government, after three failed attempts
since the Oct. 29 election.
Read more
Bjarni Benediktsson said on Friday he had been asked to try to
form a new Icelandic government, after three failed attempts
since the Oct. 29 election.
Read more
ECB's Coeure says policy normalisation must be discussed carefully
FRANKFURT, Dec 30 (Reuters) - The European Central Bank has
not discussed ending its asset-purchase programme, ECB Executive
Board Member Benoit Coeure told a German newspaper, though he
said that would have to happen at some point.
Read more
not discussed ending its asset-purchase programme, ECB Executive
Board Member Benoit Coeure told a German newspaper, though he
said that would have to happen at some point.
Read more
BRIEF-Wedge Industrial to sell trading unit for 57 mln yuan
* Says it plans to sell 100 percent stake in its
Shenzhen-based trading unit at 57 million yuan
Read more
Shenzhen-based trading unit at 57 million yuan
Read more
Deals of the day-Mergers and acquisitions
Dec 30 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1500 GMT on Friday:
Read more
and disposals were reported by 1500 GMT on Friday:
Read more
BRIEF-Dah Sing Banking updates various agreements entered between members of the DSFH Group and the Group
* Banking arrangements, computer and administrative
services, distribution and agency agreements were entered into
between members of DSFH group and group
Read more
services, distribution and agency agreements were entered into
between members of DSFH group and group
Read more
BRIEF-Leszek Szwedo reduces stake in Impera Capital to 3.5 pct
* Leszek Szwedo reduces stake in the company to 3.5 percent
from 6.79 percent via a sale of 0.3 million shares
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
from 6.79 percent via a sale of 0.3 million shares
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-State Bank of Travancore allots basel III tier 1 perpetual bonds for 6 bln rupees
* Says allotment of basel III additional tier 1 perpetual
bonds for 6 billion rupees
Source text: http://bit.ly/2hBSopf
Further company coverage:
Read more
bonds for 6 billion rupees
Source text: http://bit.ly/2hBSopf
Further company coverage:
Read more
ICAP completes broking sale to Tullett
LONDON, Dec 30 (IFR) - ICAP has completed the sale of its
global hybrid broking operations and began trading as a more
streamlined company called NEX Group on Friday. Tullett Prebon,
which acquired the operations in an all-share deal worth
£1.28bn, started trading as TP ICAP.
Read more
global hybrid broking operations and began trading as a more
streamlined company called NEX Group on Friday. Tullett Prebon,
which acquired the operations in an all-share deal worth
£1.28bn, started trading as TP ICAP.
Read more
WRAPUP 1-China policymakers pledge stability for "complex" year ahead
BEIJING, Dec 30 (Reuters) - China's economy is on a steady
growth path as 2016 ends, supported by a housing boom and
billions in government investment, but the mood of policymakers
is more cautious than celebratory as they face "complexity" in
the new year.
Read more
growth path as 2016 ends, supported by a housing boom and
billions in government investment, but the mood of policymakers
is more cautious than celebratory as they face "complexity" in
the new year.
Read more
BRIEF-Oxley Holdings enters into agreement to sell two blocks of Royal Wharf
* Oxley Enters Into Agreement To Sell Two Blocks Of Royal
Wharf For Gbp156.2 Million
Source text for Eikon:
Further company coverage:
Read more
Wharf For Gbp156.2 Million
Source text for Eikon:
Further company coverage:
Read more
Canada's Fairfax gets approval to buy 51 pct stake in Indian lender
MUMBAI, Dec 30 (Reuters) - A unit of Canadian investment
firm Fairfax Financial Holdings Ltd received
preliminary regulatory approval to buy a 51 percent stake in
Catholic Syrian Bank, the chairman of the Indian
lender said on Friday.
Read more
firm Fairfax Financial Holdings Ltd received
preliminary regulatory approval to buy a 51 percent stake in
Catholic Syrian Bank, the chairman of the Indian
lender said on Friday.
Read more
BRIEF-Brioschi makes standstill request to lenders
* Said on Thursday that it had asked the lending banks to
suspend the obligations of payment due Dec. 31 of the debt
restructuring agreement from April 18, 2014
Read more
suspend the obligations of payment due Dec. 31 of the debt
restructuring agreement from April 18, 2014
Read more
China's money rates rise over the year as c.bank tightens liquidity
SHANGHAI, Dec 30 (Reuters) - China's primary money rates
rose this week and were largely higher this year, driven by the
central bank's tight liquidity stance in the second half aimed
at curbing bubbles and reducing leverage in the banking system.
The volume-weighted average rate of the benchmark seven-day
repo traded in the interbank market, considered
the best indicator of general liquidity in China, was 2.5776
percent as of Friday afternoon, nearly 13 pip higher compared
with the previous
Read more
rose this week and were largely higher this year, driven by the
central bank's tight liquidity stance in the second half aimed
at curbing bubbles and reducing leverage in the banking system.
The volume-weighted average rate of the benchmark seven-day
repo traded in the interbank market, considered
the best indicator of general liquidity in China, was 2.5776
percent as of Friday afternoon, nearly 13 pip higher compared
with the previous
Read more
Thursday, December 29, 2016
BRIEF-Future Venture Capital to dissolve investment unit
* Says it resolved to dissolve its unit that an investment
limited liability partnership, planned on Dec. 31
Read more
limited liability partnership, planned on Dec. 31
Read more
BRIEF-Sanlam Kenya says differnce between consolidated profit after tax by more than 25% for 2016
* Says there will be material difference between projected
co's consolidated profit after tax by more than 25% for FY 2016
Read more
co's consolidated profit after tax by more than 25% for FY 2016
Read more
BRIEF-Haining China Leather Market forms cooperation with Sichuan revival center
* Says it entered into agreement with Sichuan-based revival
center to form cooperation on hospital construction
Read more
center to form cooperation on hospital construction
Read more
China central bank raises requirements for cash and overseas transactions
BEIJING, Dec 30 (Reuters) - Banks and other financial
institutions in China will have to report all domestic and
overseas cash transactions larger than 50,000 yuan ($7,195),
compared to 200,000 yuan previously, the central bank said on
Friday.
Read more
institutions in China will have to report all domestic and
overseas cash transactions larger than 50,000 yuan ($7,195),
compared to 200,000 yuan previously, the central bank said on
Friday.
Read more
Taiwan stocks up, look set for 10 pct gain in 2016
TAIPEI, Dec 30 (Reuters) - Taiwan stocks rose on Friday in
the last trading day of the year, with the main index looking
set to post an annual gain of just over 10 percent,
outperforming most of its Asian peers.
The day's gains came as the government said it would halve
the transaction tax on day trades in local shares, in a bid to
bolster thin trading in the island's stock market.
Taiwan's financial markets will be shut on Monday for the
New Year holiday weekend. They resume trade on T
Read more
the last trading day of the year, with the main index looking
set to post an annual gain of just over 10 percent,
outperforming most of its Asian peers.
The day's gains came as the government said it would halve
the transaction tax on day trades in local shares, in a bid to
bolster thin trading in the island's stock market.
Taiwan's financial markets will be shut on Monday for the
New Year holiday weekend. They resume trade on T
Read more
Fitch Upgrades China Aoyuan to 'BB-' from 'B+'; Outlook Stable
(The following statement was released by the rating agency)
HONG KONG, December 29 (Fitch) Fitch Ratings has upgraded China
Aoyuan Property
Group Limited's (Aoyuan) Long-Term Foreign-Currency Issuer
Default Rating (IDR)
to 'BB-' from 'B+'. The Outlook is Stable. Fitch has also
upgraded Aoyuan's
senior unsecured rating and the ratings on its outstanding US
dollar bonds to
'BB-' from 'B+'.
Aoyuan's contracted sales have continued to increase robustly
since Fitch placed
the rating on Positive
Read more
HONG KONG, December 29 (Fitch) Fitch Ratings has upgraded China
Aoyuan Property
Group Limited's (Aoyuan) Long-Term Foreign-Currency Issuer
Default Rating (IDR)
to 'BB-' from 'B+'. The Outlook is Stable. Fitch has also
upgraded Aoyuan's
senior unsecured rating and the ratings on its outstanding US
dollar bonds to
'BB-' from 'B+'.
Aoyuan's contracted sales have continued to increase robustly
since Fitch placed
the rating on Positive
Read more
Fitch: No Rating Impact on Yuexiu's Notes from Issuer Change
(The following statement was released by the rating agency)
HONG KONG, December 29 (Fitch) Fitch Ratings says there is no
rating impact on
Yuexiu Property Company Limited's (YXP; BBB-/Stable) US dollar
notes due 2023
after the China-based homebuilder switched the issuer of the
notes to a wholly
owned subsidiary.
Leading Affluence Limited, a wholly owned subsidiary of YXP,
took YXP's place as
the issuer of the 2023 senior unsecured notes, which were issued
under YXP's
medium-term note progr
Read more
HONG KONG, December 29 (Fitch) Fitch Ratings says there is no
rating impact on
Yuexiu Property Company Limited's (YXP; BBB-/Stable) US dollar
notes due 2023
after the China-based homebuilder switched the issuer of the
notes to a wholly
owned subsidiary.
Leading Affluence Limited, a wholly owned subsidiary of YXP,
took YXP's place as
the issuer of the 2023 senior unsecured notes, which were issued
under YXP's
medium-term note progr
Read more
Indonesia's loan growth accelerates in Nov - financial regulator
JAKARTA, Dec 30 (Reuters) - Loans by commercial banks in
Indonesia expanded 8.5 percent in November compared to a year
ago, faster than the 7.5 percent pace a month before, the
Financial Services Authority (OJK) said on Friday.
Read more
Indonesia expanded 8.5 percent in November compared to a year
ago, faster than the 7.5 percent pace a month before, the
Financial Services Authority (OJK) said on Friday.
Read more
BRIEF-360 Capital Group Ltd approved of sale units to centuria capital group-tgp.ax
* Meeting members approved sale of co's 28.8 percent
investment in the fund to Centuria Capital Group and its
associates (Centuria)
Read more
investment in the fund to Centuria Capital Group and its
associates (Centuria)
Read more
REFILE-Aussie shares poised for a tame end to a buoyant 2016; NZ slips
Dec 30 (Reuters) - Financial shares dragged Australian
stocks lower in morning trade on Friday, following leads from
U.S. and European bank shares that eased on profit taking.
Read more
stocks lower in morning trade on Friday, following leads from
U.S. and European bank shares that eased on profit taking.
Read more
Britain avoids M&A collapse as foreign buyers go Brexit bargain hunting
LONDON, Dec 30 (Reuters) - Britain avoided a collapse in
mergers and acquisitions activity after the shock Brexit vote as
foreign companies used sterling's spectacular devaluation
against the U.S. dollar to snap up British companies, Thomson
Reuters data shows.
Read more
mergers and acquisitions activity after the shock Brexit vote as
foreign companies used sterling's spectacular devaluation
against the U.S. dollar to snap up British companies, Thomson
Reuters data shows.
Read more
Bankers cautious on outlook for global equity deals after 2016 slide
LONDON, Dec 30 (Reuters) - Global equity raising fell by
more than a quarter in 2016, data showed on Friday, hit by
geopolitical shocks and a string of failed initial public
offerings (IPOs), with the outlook for 2017 looking shaky.
Read more
more than a quarter in 2016, data showed on Friday, hit by
geopolitical shocks and a string of failed initial public
offerings (IPOs), with the outlook for 2017 looking shaky.
Read more
BRIEF-Ramaco Resources files for an IPO of upto $100 mln
* Applied to list co's common stock on the Nasdaq Global
Select Market under the symbol "METC."
Read more
Select Market under the symbol "METC."
Read more
GLOBAL MARKETS-Bank stocks weigh on shares; Dow backs further from 20,000
NEW YORK, Dec 29 (Reuters) - U.S. and European shares, the
dollar and bond yields all headed lower on Thursday, with
traders using the quiet holiday period to book some profits on
the heady gains stocks have seen in the final quarter of 2016
and reposition for the year ahead.
Read more
dollar and bond yields all headed lower on Thursday, with
traders using the quiet holiday period to book some profits on
the heady gains stocks have seen in the final quarter of 2016
and reposition for the year ahead.
Read more
BRIEF-Ameris Bancorp on Dec 28 entered into limited waiver, second amendment to loan agreement dated as of August 28, 2013
* Ameris Bancorp- amendment to increase maximum aggregate
principal amount of revolving loans that may be outstanding
thereunder at any one time to $60 million
Read more
principal amount of revolving loans that may be outstanding
thereunder at any one time to $60 million
Read more
BRIEF-Jiayuan International has won a bidding in respect of land use right of a land plot
* Yangzhou Xiangjiang, an indirect wholly-owned subsidiary
of company, has successfully won a bidding
Read more
of company, has successfully won a bidding
Read more
BRIEF-BB Biotech AG reports 5.2 pct passive stake in Macrogenics Inc
* BB Biotech AG - reports 5.2 percent passive stake in
Macrogenics Inc as of Dec 28 - SEC Filing
Source text - http://bit.ly/2iK1MXK
Further company coverage:
Read more
Macrogenics Inc as of Dec 28 - SEC Filing
Source text - http://bit.ly/2iK1MXK
Further company coverage:
Read more
Brazilian travel agency CVC buys smaller rival for $13 million
SAO PAULO, Dec 29 (Reuters) - Brazilian travel agency CVC
Brasil Operadora e Agencia de Viagens SA will buy
smaller rival Experimento for 41 million reais ($13 million),
the company said in a securities filing on Thursday.
Read more
Brasil Operadora e Agencia de Viagens SA will buy
smaller rival Experimento for 41 million reais ($13 million),
the company said in a securities filing on Thursday.
Read more
Bank of Italy says state to put up about 6.6 bln euros for Monte Paschi rescue
ROME, Dec 29 (Reuters) - The Bank of Italy estimated on
Thursday the total cost for the state rescue of Banca Monte dei
Paschi di Siena would be about 6.6 billion euros
($6.92 billion), a statement said.
Read more
Thursday the total cost for the state rescue of Banca Monte dei
Paschi di Siena would be about 6.6 billion euros
($6.92 billion), a statement said.
Read more
Egypt's current account deficit at $4.98 billion in Q1 2016/17
CAIRO, Dec 29 (Reuters) - Egypt's current account deficit
widened to $4.98 billion in the first quarter of the 2016/17
financial year from a deficit of $4.0 billion in the same period
a year earlier, the central bank said in a statement on
Thursday.
Read more
widened to $4.98 billion in the first quarter of the 2016/17
financial year from a deficit of $4.0 billion in the same period
a year earlier, the central bank said in a statement on
Thursday.
Read more
UPDATE 2-Egypt central bank leaves key interest rates unchanged
CAIRO, Dec 29 (Reuters) - Egypt's central bank kept its key
interest rates unchanged on Thursday, holding fire on further
action until the impact on inflation of last month's steep hike
in borrowing costs becomes clearer.
Read more
interest rates unchanged on Thursday, holding fire on further
action until the impact on inflation of last month's steep hike
in borrowing costs becomes clearer.
Read more
BRIEF-Summit Financial Group says board size increased to seventeen members
* On December 22, 2016, company's board of directors
increased size of board to seventeen members - SEC filing
Source text (http://bit.ly/2hwJuI0)
Further company coverage:
Read more
increased size of board to seventeen members - SEC filing
Source text (http://bit.ly/2hwJuI0)
Further company coverage:
Read more
UPDATE 1-Peabody extends financing deadlines after creditor lawsuit
WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
said on Thursday the deadline for creditors to join financing
deals aimed at bringing the largest U.S. coal miner out of
bankruptcy had been extended after large investors sued to slow
the process.
Read more
said on Thursday the deadline for creditors to join financing
deals aimed at bringing the largest U.S. coal miner out of
bankruptcy had been extended after large investors sued to slow
the process.
Read more
BRIEF-Roman Road Capital Partners Llc says sold upto $10.1 mln in equity financing
* Roman Road Capital Partners Llc says sold upto $10.1
million in equity financing - SEC Filing
Source text - http://bit.ly/2hwOoV5
Read more
million in equity financing - SEC Filing
Source text - http://bit.ly/2hwOoV5
Read more
Indian exchange's IPO under cloud, but unlikely to be derailed
MUMBAI, Dec 29 (Reuters) - The disclosure by the National
Stock Exchange that some high-frequency trading brokers may have
been provided unfair access to its servers is unlikely to derail
the Indian bourse operator's IPO plans, a senior regulatory
source and investors said on Thursday.
Read more
Stock Exchange that some high-frequency trading brokers may have
been provided unfair access to its servers is unlikely to derail
the Indian bourse operator's IPO plans, a senior regulatory
source and investors said on Thursday.
Read more
Angola central bank holds benchmark lending rate at 16 percent
LUANDA, Dec 29 (Reuters) - Angola's central bank kept its
benchmark lending rate unchanged at 16 percent, it said on
Thursday, citing falls in headline inflation.
Read more
benchmark lending rate unchanged at 16 percent, it said on
Thursday, citing falls in headline inflation.
Read more
BRIEF-TBC Bank invests 100 mln Georgian lari in unit
* Has invested 100 mln Georgian lari into its subsidiary,
JSC TBC Bank for purpose of optimization of group's capital
structure
Read more
JSC TBC Bank for purpose of optimization of group's capital
structure
Read more
BRIEF-Yuexiu Property updates on issuance of US$500 mln 4.50 pct notes due 2023
* Refers to announcement by Co in relation to issuance of
US$500 million 4.50 percent notes due 2023 and issuance of
HK$2.3 billion 6.10 percent notes due 2029
Read more
US$500 million 4.50 percent notes due 2023 and issuance of
HK$2.3 billion 6.10 percent notes due 2029
Read more
Hong Kong's K Wah wins residential site for $757 mln
HONG KONG, Dec 29 (Reuters) - Casino tycoon Lui Che
Woo-controlled K Wah International Holdings Ltd will
pay HK$5.87 billion ($756.90 million) for a residential site in
Hong Kong, a price at the high end of market expectation.
Read more
Woo-controlled K Wah International Holdings Ltd will
pay HK$5.87 billion ($756.90 million) for a residential site in
Hong Kong, a price at the high end of market expectation.
Read more
BRIEF-PSP Projects says co has filed DRHP with SEBI for IPO
* PSP Projects limited files its draft red herring
prospectus with SEBI seeking permission for IPO
Read more
prospectus with SEBI seeking permission for IPO
Read more
BRIEF-Sino Great Wall unit's consortium wins bid for world trade centre project in Cambodia
* Says engineering unit's consortium wins bid for world
trade centre construction contract worth about $2.7 billion in
Cambodia
Read more
trade centre construction contract worth about $2.7 billion in
Cambodia
Read more
BRIEF-K Wah International wins land auction in Hong Kong for HK$5.9 bln
* Wins land auction in Hong Kong for HK$5.87 billion
($756.86 million) - Hong Kong government
Read more
($756.86 million) - Hong Kong government
Read more
Wednesday, December 28, 2016
BRIEF-Williamson Magor issues corporate guarantee of 2 bln rupees
* says co issued corporate guarantee of 2 billion rupees in
favor of Induslnd Bank
Source text : (http://bit.ly/2iatmwz)
Further company coverage:
(Bengaluru newsroom)
Read more
favor of Induslnd Bank
Source text : (http://bit.ly/2iatmwz)
Further company coverage:
(Bengaluru newsroom)
Read more
Rescue plan to leave Italy's Monte Paschi "hyper-capitalised" - Econ Min to paper
MILAN, Dec 29 (Reuters) - Italy's Economy Minister said on
Thursday that the ECB's recent request to Monte dei Paschi
to plug a capital shortfall of 8.8 billion euros will
lead the lender to be "hyper-capitalised" but not
"over-capitalised", in an interview with Italian daily Il Sole
24 Ore.
Read more
Thursday that the ECB's recent request to Monte dei Paschi
to plug a capital shortfall of 8.8 billion euros will
lead the lender to be "hyper-capitalised" but not
"over-capitalised", in an interview with Italian daily Il Sole
24 Ore.
Read more
REFILE-Australia shares recover losses to end higher; NZ up
Dec 29 (Reuters) - Australian shares ended higher on
Thursday, recovering some of the losses incurred earlier in the
day, buoyed by a rise in gold prices as the U.S. dollar
weakened, helping basic material stocks.
Read more
Thursday, recovering some of the losses incurred earlier in the
day, buoyed by a rise in gold prices as the U.S. dollar
weakened, helping basic material stocks.
Read more
BRIEF-Union Bank of The Philippines says Philip D Galang resigned as vice president
* Philip D Galang, has resigned as vice president
Source text for Eikon:
Further company coverage:
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Source text for Eikon:
Further company coverage:
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Taiwan stocks fall on profit-taking, tracking regional markets
TAIPEI, Dec 29 (Reuters) - Taiwan stocks fell on Thursday,
tracking regional markets, as investors booked profits after the
main index rallied to a one-week high in the previous session as
trading winds down for the year.
Friday will be this year's last trading session and Taiwan's
financial markets will be shut for a three-day holiday weekend,
resuming trade on Tuesday.
The main TAIEX index fell 0.2 percent to 9,186.47
points as of 0426 GMT, after closing up 1 percent at a one-week
hi
Read more
tracking regional markets, as investors booked profits after the
main index rallied to a one-week high in the previous session as
trading winds down for the year.
Friday will be this year's last trading session and Taiwan's
financial markets will be shut for a three-day holiday weekend,
resuming trade on Tuesday.
The main TAIEX index fell 0.2 percent to 9,186.47
points as of 0426 GMT, after closing up 1 percent at a one-week
hi
Read more
BRIEF-Langfang Development appoints Continental Certified Public Accountants as corporate auditor
* Says it appoints Continental Certified Public Accountants
as corporate auditor to replace Reanda Certified Public
Accountants for 2016
Read more
as corporate auditor to replace Reanda Certified Public
Accountants for 2016
Read more
Sport-Woods worth $740 million, Jordan a billionaire says Forbes
Dec 28 (Reuters) - Golfers Tiger Woods and Phil Mickelson and former NBA player Michael Jordan are among the 20 wealthiest American celebrities, Forbes reported on Wednesday.
Read more
Read more
Fitch: Modern Land's Bond Rating Unchanged Following Tap Issuance
(The following statement was released by the rating agency)
HONG KONG, December 28 (Fitch) Fitch Ratings says Modern Land
(China) Co.,
Limited's (Modern Land: B+/Stable) proposed issuance of an
additional USD150m of
its 6.875% senior notes due 2019 will not affect the existing
'B+' rating and
Recovery Rating of 'RR4' on the bond.
The proposed and existing bonds are rated at the same level as
Modern Land's
senior unsecured rating as they represent direct, unconditional,
unsecured and
unsubo
Read more
HONG KONG, December 28 (Fitch) Fitch Ratings says Modern Land
(China) Co.,
Limited's (Modern Land: B+/Stable) proposed issuance of an
additional USD150m of
its 6.875% senior notes due 2019 will not affect the existing
'B+' rating and
Recovery Rating of 'RR4' on the bond.
The proposed and existing bonds are rated at the same level as
Modern Land's
senior unsecured rating as they represent direct, unconditional,
unsecured and
unsubo
Read more
Bank of Korea to keep policy easy in 2017, sees output gap persisting
SEOUL, Dec 29 (Reuters) - South Korea's central bank said on
Thursday it plans to keep its monetary policy accommodative next
year to support economic recovery and to push inflation to reach
the bank's target of 2 percent.
Read more
Thursday it plans to keep its monetary policy accommodative next
year to support economic recovery and to push inflation to reach
the bank's target of 2 percent.
Read more
Australia shares slide on real estate stocks, NZ nudges higher
Dec 29 (Reuters) - Australian shares slid on Thursday,
dragged down by real estate stocks, after Wall Street tumbled in
a broad selloff.
Read more
dragged down by real estate stocks, after Wall Street tumbled in
a broad selloff.
Read more
BRIEF-Vista Land obtains a 10-year corporate notes facility
* Obtained a 10-year corporate notes facility amounting to
5.15 billion pesos at a fixed rate of 6.1879% per annum
Read more
5.15 billion pesos at a fixed rate of 6.1879% per annum
Read more
S.Korea slashes 2017 GDP forecast, makes plans to shore up consumption
SEJONG, South Korea, Dec 29 (Reuters) - South Korea lowered
its growth outlook for next year as it sees weaker domestic
demand and waning job growth holding back recovery in Asia's
fourth-largest economy.
Read more
its growth outlook for next year as it sees weaker domestic
demand and waning job growth holding back recovery in Asia's
fourth-largest economy.
Read more
S.Korea Nov industrial output jumps, fastest in over 7 yrs
SEOUL, Dec 29 (Reuters) - South Korea's factory output
jumped by a seasonally adjusted 3.4 percent in November from a
month earlier, government data showed on Thursday, far better
than a 1.3 percent fall in October revised up from a 1.7 percent
drop reported earlier.
Read more
jumped by a seasonally adjusted 3.4 percent in November from a
month earlier, government data showed on Thursday, far better
than a 1.3 percent fall in October revised up from a 1.7 percent
drop reported earlier.
Read more
BRIEF-Emergent Capital says SEC concluded its investigation and does not intend to recommend enforcement action against co
* Emergent Capital - received notification from SEC that it
concluded its investigation as to co and does not intend to
recommend enforcement action against co
Source text: (http://bit.ly/2irQSTa)
Further company coverage:
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concluded its investigation as to co and does not intend to
recommend enforcement action against co
Source text: (http://bit.ly/2irQSTa)
Further company coverage:
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BRIEF-PHH Corp to sell its non-GNMA mortgage servicing rights portfolio
* Press release - PHH Corporation announces sale and
subservicing agreements for its entire non-GNMA mortgage
servicing rights portfolio
Read more
subservicing agreements for its entire non-GNMA mortgage
servicing rights portfolio
Read more
BRIEF-Pershing Square says NAV per share as of Dec 27 close was $18.50
* Pershing Square Holdings Ltd says PSH NAV per share as of
close of business on 27 December 2016 was USD 18.50
Read more
close of business on 27 December 2016 was USD 18.50
Read more
BRIEF-Enterprise Financial Services files for mixed shelf of up to $100 mln - SEC filing
* Files for mixed shelf of up to $100 million - SEC filing
Source text: (http://bit.ly/2hpPCy9)
Further company coverage:
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Source text: (http://bit.ly/2hpPCy9)
Further company coverage:
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UPDATE 1-New York eases proposed cyber regs after industry complaints
Dec 28 (Reuters) - New York state's financial regulator on
Wednesday revised a proposal for the nation's first cyber
security rules for banks and insurers, loosening some security
requirements and delaying implementation by two months to March
1.
Read more
Wednesday revised a proposal for the nation's first cyber
security rules for banks and insurers, loosening some security
requirements and delaying implementation by two months to March
1.
Read more
SEC investigates banks that sold Mozambique's "tuna bond" - WSJ
MAPUTO, Dec 28 (Reuters) - The U.S. Securities and Exchange
Commission is investigating the sale of $850 million in bonds
issued by Mozambique by Credit Suisse, Russia's VTB Group and
BNP Paribas, the Wall Street Journal reported on Wednesday.
Read more
Commission is investigating the sale of $850 million in bonds
issued by Mozambique by Credit Suisse, Russia's VTB Group and
BNP Paribas, the Wall Street Journal reported on Wednesday.
Read more
U.S. fund investors cheer stocks at year's end
By Trevor Hunnicutt
Dec 28 (Reuters) - Investors' enthusiasm for equities and
corporate bonds showed little sign of waning during the latest
week, with funds in both categories scooping up more money, data
from the Investment Company Institute showed on Wednesday.
Stock mutual funds and exchange-traded funds netted $1.2
billion in the week through Dec. 21, while taxable bond funds
added $1.7 billion, the trade group said. Municipal bond funds,
by contrast, posted $3.9 billion in withdra
Read more
Dec 28 (Reuters) - Investors' enthusiasm for equities and
corporate bonds showed little sign of waning during the latest
week, with funds in both categories scooping up more money, data
from the Investment Company Institute showed on Wednesday.
Stock mutual funds and exchange-traded funds netted $1.2
billion in the week through Dec. 21, while taxable bond funds
added $1.7 billion, the trade group said. Municipal bond funds,
by contrast, posted $3.9 billion in withdra
Read more
New York revises, delays new cyber rules after industry complaints
Dec 28 (Reuters) - New York's financial regulator said on
Wednesday it was revising proposed cyber security rules for
banks and insurers doing business in the state to incorporate
industry feedback, delaying implementation by two months to
March 1.
Read more
Wednesday it was revising proposed cyber security rules for
banks and insurers doing business in the state to incorporate
industry feedback, delaying implementation by two months to
March 1.
Read more
BRIEF-IBSM sells its entire 99.96 percent stake in Cyprus-based Brinando Investments Limited
* Sells its entire 99.96 pct stake in Cyprus-based Brinando Investments Limited for 3,500
euros ($3,638)
Source text for Eikon:
Further company coverage:
($1 = 0.9621 euros)
(Gdynia Newsroom)
Read more
euros ($3,638)
Source text for Eikon:
Further company coverage:
($1 = 0.9621 euros)
(Gdynia Newsroom)
Read more
Researcher found security holes at smartphone-only bank N26
HAMBURG, Dec 28 (Reuters) - German fintech company N26,
which made its name mocking traditional banks, has found itself
on the receiving end of criticism after a security researcher
proved its smartphone apps exposed users to potential account
hijacking.
Read more
which made its name mocking traditional banks, has found itself
on the receiving end of criticism after a security researcher
proved its smartphone apps exposed users to potential account
hijacking.
Read more
BRIEF-FourWorld Capital asks Flotek Industries to prove benefits of fracking additive CnF
* Letter asking company to provide real-world data to
support benefit of its fracking additive known as CnF
Read more
support benefit of its fracking additive known as CnF
Read more
CD&R clinches $6 billion for latest private equity fund -sources
Dec 28 (Reuters) - Clayton Dubilier & Rice LLC (CD&R) is
close to securing $6 billion from investors for its latest
private equity fund, just a little more than two months after it
began fundraising with a $8.5 billion target, according to
sources familiar with the matter.
Read more
close to securing $6 billion from investors for its latest
private equity fund, just a little more than two months after it
began fundraising with a $8.5 billion target, according to
sources familiar with the matter.
Read more
Germany says Italy must stick to European rules on Monte Paschi
BERLIN, Dec 28 (Reuters) - Germany's finance ministry
expressed concern on Wednesday about Italian plans to rescue the
country's third biggest lender Monte dei Paschi di Siena
, saying Rome must stick to European rules.
Read more
expressed concern on Wednesday about Italian plans to rescue the
country's third biggest lender Monte dei Paschi di Siena
, saying Rome must stick to European rules.
Read more
BRIEF-Media General announces withdrawal of change of control offer
* Media General-lin plans to disseminate to holders of notes
new change of control offer to purchase on similar terms as
change of control offer
Read more
new change of control offer to purchase on similar terms as
change of control offer
Read more
BRIEF-Immunocellular Therapeutics Ltd files for offering of up to $20 mln of common units
* Immunocellular Therapeutics Ltd - files for offering of up
to up to $20.0 million of common units, each consisting of share
of common stock, and warrant
Source text http://bit.ly/2iqqMjC
Further company coverage:
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to up to $20.0 million of common units, each consisting of share
of common stock, and warrant
Source text http://bit.ly/2iqqMjC
Further company coverage:
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BRIEF-Brown Gibbons Lang & Co announces sale of Snappy Co
* Announces sale of Snappy Co to M&M Manufacturing, a
subsidiary of Mitek Industries, owned by Berkshire Hathaway
Read more
subsidiary of Mitek Industries, owned by Berkshire Hathaway
Read more
BRIEF-Hainan Haide Industry cuts share issue size to 3.8 bln yuan
* Says it cuts share issue size to 3.8 billion yuan
($546.20 million) from 4.8 billion yuan previously
Read more
($546.20 million) from 4.8 billion yuan previously
Read more
Deals of the day-Mergers and acquisitions
Dec 28 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1130 GMT on Wednesday:
Read more
and disposals were reported by 1130 GMT on Wednesday:
Read more
Indian shares shed gains to close flat on profit-taking
Dec 28 (Reuters) - Indian shares gave up early gains to
close little changed on Wednesday as investors booked profits,
though gains in some recently battered stocks helped support
markets.
Read more
close little changed on Wednesday as investors booked profits,
though gains in some recently battered stocks helped support
markets.
Read more
BRIEF-Manazel Holding unit sells two land plots in Al-Dajij
* Unit signs agreement to sell two land plots in Al-Dajij
for 6.4 million dinars, expects 1.1 million dinars gain from
land sale in Q4
Source text for Eikon:
Further company coverage:
)
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for 6.4 million dinars, expects 1.1 million dinars gain from
land sale in Q4
Source text for Eikon:
Further company coverage:
)
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China regulator busts illegal FX transactions worth $2.7 bln in Shanghai
SHANGHAI, Dec 28 (Reuters) - China's foreign exchange
regulator said on Wednesday it busted illegal transactions
totalling $2.7 billion in Shanghai in cooperation with the
police in 2016, and suspended three unnamed banks involved from
selling foreign currency.
Read more
regulator said on Wednesday it busted illegal transactions
totalling $2.7 billion in Shanghai in cooperation with the
police in 2016, and suspended three unnamed banks involved from
selling foreign currency.
Read more
Xiaomi-backed online bank to launch services soon - bank investor
BEIJING, Dec 28 (Reuters) - A Chinese online bank backed by
smartphones and home appliances maker Xiaomi Inc is set
to launch services soon, after being officially established and
rebranded recently, according to one of the venture's investors.
Read more
smartphones and home appliances maker Xiaomi Inc is set
to launch services soon, after being officially established and
rebranded recently, according to one of the venture's investors.
Read more
Tuesday, December 27, 2016
China stocks fall on new regulatory measures; HK little changed
SHANGHAI, Dec 28 (Reuters) - China stocks fell on Wednesday
morning, with any optimism generated by strength in commodities
overshadowed by the regulator's latest measures to rein in
aggressive stock investments by insurance companies.
Read more
morning, with any optimism generated by strength in commodities
overshadowed by the regulator's latest measures to rein in
aggressive stock investments by insurance companies.
Read more
Taiwan stocks higher tracking overseas markets
TAIPEI, Dec 28 (Reuters) - Taiwan stocks gained on
Wednesday, tracking overseas markets and led by electronics and
financials stocks.
As of 0355 GMT, the main TAIEX index rose 0.9
percent to 9,191.91 points after closing mostly flat in the
previous session at 9,109.27. The index had posted more losing
sessions than winning sessions in the past two weeks.
Traders said the index could slide back to 8,900 if it
couldn't stay above 9,130, a key level, by the end of the week.
The electro
Read more
Wednesday, tracking overseas markets and led by electronics and
financials stocks.
As of 0355 GMT, the main TAIEX index rose 0.9
percent to 9,191.91 points after closing mostly flat in the
previous session at 9,109.27. The index had posted more losing
sessions than winning sessions in the past two weeks.
Traders said the index could slide back to 8,900 if it
couldn't stay above 9,130, a key level, by the end of the week.
The electro
Read more
BRIEF-China insurance regulator says policyholders' life expectancy rising
BEIJING, Dec 28 (Reuters) - China Insurance Regulatory
Commission (CIRC) says after publishing latest life table on
Wednesday:
Read more
Commission (CIRC) says after publishing latest life table on
Wednesday:
Read more
BRIEF-China Fortune Land signs cooperation framework agreement for joint development and operation of land
* Says it signed a cooperation framework agreement for joint
development and operation of land in Gaochun District, Nanjing
City, with Management Committee of Jiangsu Gaochun Economic
Development Zone and Gaochun District Government
Read more
development and operation of land in Gaochun District, Nanjing
City, with Management Committee of Jiangsu Gaochun Economic
Development Zone and Gaochun District Government
Read more
Fitch Rates China Vanke's USD Senior Notes Final 'BBB+'
(The following statement was released by the rating agency)
HONG KONG, December 27 (Fitch) Fitch has assigned China Vanke
Co., Ltd.'s
(Vanke, BBB+/Stable) USD600m 3.95% senior notes due in 2019 a
final rating of
'BBB+'.
The notes are issued by Bestgain Real Estate Lyra Limited and
guaranteed by
Vanke Real Estate (Hong Kong) Company Ltd (Vanke HK), a wholly
owned subsidiary
of Vanke. The assignment of the final rating follows the receipt
of documents
conforming to information already receiv
Read more
HONG KONG, December 27 (Fitch) Fitch has assigned China Vanke
Co., Ltd.'s
(Vanke, BBB+/Stable) USD600m 3.95% senior notes due in 2019 a
final rating of
'BBB+'.
The notes are issued by Bestgain Real Estate Lyra Limited and
guaranteed by
Vanke Real Estate (Hong Kong) Company Ltd (Vanke HK), a wholly
owned subsidiary
of Vanke. The assignment of the final rating follows the receipt
of documents
conforming to information already receiv
Read more
Vietnam's 2016 FDI inflow hits record high of $15.8 bln-govt
HANOI, Dec 28 (Reuters) - Vietnam will receive an estimated
$15.8 billion in actual foreign direct investment (FDI) in 2016,
up 9 percent from a year ago, the government said on Wednesday.
Read more
$15.8 billion in actual foreign direct investment (FDI) in 2016,
up 9 percent from a year ago, the government said on Wednesday.
Read more
BRIEF-Hunter Hall Global Value Ltd seeks trading halt
* Seeks trading halt pending announcement of resignation of
Peter Hall's role at HHV as chief investment officer and
possible impact on HHV'S investment mandate
Source text for Eikon:
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Peter Hall's role at HHV as chief investment officer and
possible impact on HHV'S investment mandate
Source text for Eikon:
Further company coverage:
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BRIEF-Hunter Hall International Ltd seeks trading halt
* Seeks trading halt pending announcement of resignation of
peter hall's role at HHL as chief investment officer and
possible impact on hhl's investment mandates
Source text for Eikon:
Further company coverage:
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peter hall's role at HHL as chief investment officer and
possible impact on hhl's investment mandates
Source text for Eikon:
Further company coverage:
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Hitachi says considering selling power tools unit Hitachi Koki
TOKYO, Dec 28 (Reuters) - Hitachi Ltd said on
Wednesday it was considering selling Hitachi Koki Co,
after a media report that it was in talks to offload the power
tools unit to KKR & Co for more than 150 billion yen
($1.3 billion).
Read more
Wednesday it was considering selling Hitachi Koki Co,
after a media report that it was in talks to offload the power
tools unit to KKR & Co for more than 150 billion yen
($1.3 billion).
Read more
UPDATE 1-Hitachi considering selling power tools unit Hitachi Koki
TOKYO, Dec 28 (Reuters) - Hitachi Ltd said on
Wednesday it was considering selling Hitachi Koki Co,
after a media report that it was in talks to offload the power
tools unit to KKR & Co for more than 150 billion yen
($1.3 billion).
Read more
Wednesday it was considering selling Hitachi Koki Co,
after a media report that it was in talks to offload the power
tools unit to KKR & Co for more than 150 billion yen
($1.3 billion).
Read more
China firms post better Q4 but weak cash flows dent outlook - private survey
BEIJING, Dec 28 (Reuters) - Chinese firms reported strong
performance in the fourth quarter, with hiring on the rise and
profits up, but the outlook for 2017 is uncertain as cash flow
remains weak and inventories rose at a record pace in late 2016,
a private survey showed.
Read more
performance in the fourth quarter, with hiring on the rise and
profits up, but the outlook for 2017 is uncertain as cash flow
remains weak and inventories rose at a record pace in late 2016,
a private survey showed.
Read more
Argentina central bank keeps key rate unchanged for 4th straight week
BUENOS AIRES, Dec 27 (Reuters) - Argentina's central bank
kept its benchmark 35-day interest rate at 24.75 percent for the
fourth week in a row on Tuesday, saying inflation was falling
closer to its target.
Read more
kept its benchmark 35-day interest rate at 24.75 percent for the
fourth week in a row on Tuesday, saying inflation was falling
closer to its target.
Read more
South Korea special prosecutor detains pension fund chairman
SEOUL, Dec 28 (Reuters) - A South Korean special prosecution
team investigating a political corruption scandal said it had
placed the chairman of the country's National Pension Service
(NPS), Moon Hyung-pyo, under emergency detention early on
Wednesday.
Read more
team investigating a political corruption scandal said it had
placed the chairman of the country's National Pension Service
(NPS), Moon Hyung-pyo, under emergency detention early on
Wednesday.
Read more
BRIEF-BB&T says sold $850 mln of floating rate medium-term notes, Series E - SEC filing
* BB&T - on December 27 co issued and sold $850 million
aggregate principal amount of its floating rate medium-term
notes, Series E, due June 15, 2020 - SEC filing
Source text: (http://bit.ly/2i4A7jh)
Further company coverage:
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aggregate principal amount of its floating rate medium-term
notes, Series E, due June 15, 2020 - SEC filing
Source text: (http://bit.ly/2i4A7jh)
Further company coverage:
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BRIEF-Encore Capital Group says entered into third amended, restated credit agreement - SEC filing
* Encore Capital Group Inc - on December 20, 2016, co
entered into third amended and restated credit agreement - SEC
filing
Read more
entered into third amended and restated credit agreement - SEC
filing
Read more
U.S. SEC says it charges lawyer with stealing investor money in EB-5 offerings
WASHINGTON, Dec 27 (Reuters) - The U.S. Securities and
Exchange Commission charged a California lawyer on Tuesday with
defrauding people who signed up for an immigrant investor
program aimed at creating jobs for Americans.
Read more
Exchange Commission charged a California lawyer on Tuesday with
defrauding people who signed up for an immigrant investor
program aimed at creating jobs for Americans.
Read more
BRIEF-Rent the Runway raises $60 mln in Series E funding led by Fidelity Investments
* Rent the Runway raises $60 million in Series E funding led
by Fidelity Investments
Source text for Eikon:
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by Fidelity Investments
Source text for Eikon:
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L'Oreal steps up investments in digital start-ups
PARIS, Dec 27 (Reuters) - French cosmetics giant L'Oreal
said on Tuesday it was investing in an early stage
fund managed by private equity firm Partech Ventures, making its
second investment in digital and technology start-ups in less
than a year.
Read more
said on Tuesday it was investing in an early stage
fund managed by private equity firm Partech Ventures, making its
second investment in digital and technology start-ups in less
than a year.
Read more
BRIEF-Hard Rock Partners LLC says raised $4.2 mln in equity financing - SEC filing
* Hard Rock Partners LLC says raised $4.2 million in equity
financing - SEC filing
Source text: (http://bit.ly/2ib0X7a)
Read more
financing - SEC filing
Source text: (http://bit.ly/2ib0X7a)
Read more
U.S. regulators charges Chinese traders with trading on hacked data
WASHINGTON, Dec 27 (Reuters) - The U.S. Securities and
Exchange Commission charged three Chinese traders with using
non-public information stolen from two law firms to make nearly
$3 million in profits, the agency said in a statement.
(Reporting by Joel Schectman; Editing by Chizu Nomiyama)
Read more
Exchange Commission charged three Chinese traders with using
non-public information stolen from two law firms to make nearly
$3 million in profits, the agency said in a statement.
(Reporting by Joel Schectman; Editing by Chizu Nomiyama)
Read more
BRIEF-Perceptive Advisors buys 85,275 shares of Amicus Therapeutics on Dec 23
* Perceptive Advisors LLC reports purchase of 85,275 shares
of Amicus Therapeutics Inc's common stock on Dec 23 -
SEC filing
Read more
of Amicus Therapeutics Inc's common stock on Dec 23 -
SEC filing
Read more
Italy's Fincantieri only bidder for STX France - source
MILAN, Dec 27 (Reuters) - Italy's Fincantieri is
the only bidder for shipping group STX France, a source close to
the matter said on Tuesday.
Read more
the only bidder for shipping group STX France, a source close to
the matter said on Tuesday.
Read more
Russian cenbank to halve FX refinancing facility to $25 bln in 2017
MOSCOW, Dec 27 (Reuters) - Russia's central bank said on
Tuesday it would lower the maximum amount of foreign currency
funding on offer to commercial banks to $25 billion in 2017.
Read more
Tuesday it would lower the maximum amount of foreign currency
funding on offer to commercial banks to $25 billion in 2017.
Read more
UPDATE 1-Brazil state-run banks under no pressure to cut rates -Banco do Brasil
BRASILIA, Dec 27 (Reuters) - The Brazilian government has
not pressured state-run banks to free up credit and reduce their
spread, but interest rates are likely to fall as the central
bank's benchmark Selic rate continues to drop, state-controlled
Banco do Brasil Chief Executive Officer Paulo Rogerio
Caffarelli said on Tuesday.
Read more
not pressured state-run banks to free up credit and reduce their
spread, but interest rates are likely to fall as the central
bank's benchmark Selic rate continues to drop, state-controlled
Banco do Brasil Chief Executive Officer Paulo Rogerio
Caffarelli said on Tuesday.
Read more
UPDATE 1-Tata Sons accuses ex-chairman Mistry of confidentiality breach
MUMBAI, Dec 27 (Reuters) - Tata Sons on Tuesday accused its
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Read more
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Read more
BRIEF-XL Group announces appointment of Abbe Goldstein as director of investor relations
* Xl group announces retirement of David Radulski and
appointment of Abbe Goldstein as director of investor relations
Source text for Eikon:
Further company coverage:
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appointment of Abbe Goldstein as director of investor relations
Source text for Eikon:
Further company coverage:
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Fred's adopts poison pill after Alden Global announces stake
Dec 27 (Reuters) - Discount store operator Fred's Inc
adopted a poison pill, less than a week after hedge
fund Alden Global Capital LLC reported a 24.8 percent stake in
the company.
Read more
adopted a poison pill, less than a week after hedge
fund Alden Global Capital LLC reported a 24.8 percent stake in
the company.
Read more
Ex-divs to take 2.15 points off FTSE 100 on Dec. 29
LONDON, Dec 27 (Reuters) - The following FTSE 100 companies will go
ex-dividend on Thursday, after which investors will no longer qualify for the
latest dividend payout.
According to Reuters calculations at current market prices, the effect of
the resulting adjustment to prices by market-makers would take 2.15 points off
the index.
COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT
(pence)
BT Group
Read more
ex-dividend on Thursday, after which investors will no longer qualify for the
latest dividend payout.
According to Reuters calculations at current market prices, the effect of
the resulting adjustment to prices by market-makers would take 2.15 points off
the index.
COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT
(pence)
BT Group
Read more
Sri Lankan shares hit more than 8-mth closing low; turnover slumps
COLOMBO, Dec 27 (Reuters) - Sri Lankan shares closed at
their weakest in more than eight months in typical year-end
holiday-thinned trading on Tuesday, with turnover slumping to a
near 33-month low as investors stayed away.
Read more
their weakest in more than eight months in typical year-end
holiday-thinned trading on Tuesday, with turnover slumping to a
near 33-month low as investors stayed away.
Read more
Tata Sons files legal notice against ex-chairman Mistry
MUMBAI, Dec 27 (Reuters) - Tata Sons on Tuesday filed a
legal notice against Cyrus Mistry, accusing the former chairman
of the Tata conglomerate of breaching confidentiality rules,
according to a letter from Tata Sons' law firm seen by Reuters.
Read more
legal notice against Cyrus Mistry, accusing the former chairman
of the Tata conglomerate of breaching confidentiality rules,
according to a letter from Tata Sons' law firm seen by Reuters.
Read more
Indian shares rise; post biggest pct gain in nearly 3 wks
Dec 27 (Reuters) - Indian shares rose over 1 percent on
Tuesday, rebounding from a seven-month low hit in the previous
session to post gains in the year so far, as investors bought
into shares of companies that were hit recently.
Read more
Tuesday, rebounding from a seven-month low hit in the previous
session to post gains in the year so far, as investors bought
into shares of companies that were hit recently.
Read more
BRIEF-Selangor Properties says Q4 profit attributable rgt 57.4 million
* Q4 profit attributable rgt 57.4 million versus rgt 483.8
million; q4 revenue rgt 35.3 million versus rgt 27.5 million
Read more
million; q4 revenue rgt 35.3 million versus rgt 27.5 million
Read more
BRIEF-Yunnan Tourism to pay FY 2016 Q1 to Q3 dividend on Jan. 1, 2017
Dec 27 (Reuters) - Yunnan Tourism Co., Ltd. :
* Says it will pay FY 2016 Q1 to Q3 dividend on Jan. 1, 2017
Source text in Chinese:https://goo.gl/fA4LP4
Further company coverage:
(Beijing Headline News)
Read more
BRIEF-Au financiers India receives final licence from RBI to operate as small finance bank
* Says Au Financiers (India) receives final licence from RBI
to operate as small finance bank
Source text : [Receives final licence from RBI to operate as
"Small Finance Bank"]
Further company coverage:
Read more
to operate as small finance bank
Source text : [Receives final licence from RBI to operate as
"Small Finance Bank"]
Further company coverage:
Read more
BRIEF-Alba is evaluating strategic options for Clinica Baviera
* Says Corporacion Financiera Alba and other
shareholders have obtained a mandate from Rothschild to
evaluate strategic possibilities, including restructuring of
shareholding structure of Clinica Baviera
Read more
shareholders have obtained a mandate from Rothschild to
evaluate strategic possibilities, including restructuring of
shareholding structure of Clinica Baviera
Read more
Monday, December 26, 2016
BRIEF-Onexim Group sells its stake in Open Investments
* Says have sold 90.99 pct stake in Open Investments
to Avdeev's structures
Further company coverage:
(Gdynia Newsroom)
Read more
to Avdeev's structures
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-Tobin Properties buys properties in Marievik in Stockholm
* Has signed agreement to buy properties Marievik 22 and Marievik 29 at Liljeholmskajen in
Stockholm
Read more
Stockholm
Read more
BRIEF-Satin Creditcare Network approves allotment of NCDs worth 150 mln rupees
* Says approved allotment of NCDs worth 150 million rupees
Source text: http://bit.ly/2ichP05
Further company coverage:
Read more
Source text: http://bit.ly/2ichP05
Further company coverage:
Read more
SE Asia Stocks-Indonesia rises after 9 sessions of falls
By Krishna V Kurup
Dec 27 (Reuters) - Indonesian shares rose 1 percent on
Tuesday after nine days of falls, while Philippine stocks were
headed for their first session of gain in three.
Other Southeast Asian stock markets were soft with little to
guide them as most major markets were closed on Monday for
Christmas holidays, while the dollar and crude oil regained some
footing.
The dollar inched up against the yen and euro as some
investors emerged out of the holiday lull to hunt for
Read more
Dec 27 (Reuters) - Indonesian shares rose 1 percent on
Tuesday after nine days of falls, while Philippine stocks were
headed for their first session of gain in three.
Other Southeast Asian stock markets were soft with little to
guide them as most major markets were closed on Monday for
Christmas holidays, while the dollar and crude oil regained some
footing.
The dollar inched up against the yen and euro as some
investors emerged out of the holiday lull to hunt for
Read more
Malaysia's central bank takes action against firm over ringgit trade
KUALA LUMPUR, Dec 27 (Reuters) - Bank Negara Malaysia said
it was taking action against an unamed financial institution for
failing to promptly notify the central bank of a "significant
audit finding" related to its dealers' misconduct involving the
fixing of the dollar-ringgit exchange rate.
Read more
it was taking action against an unamed financial institution for
failing to promptly notify the central bank of a "significant
audit finding" related to its dealers' misconduct involving the
fixing of the dollar-ringgit exchange rate.
Read more
S.Korea household debt burden threatens vulnerable households as yields rise
SEOUL, Dec 27 (Reuters) - South Korea's central bank on
Tuesday warned that the debt-servicing capacity of some of the
country's most vulnerable households could fall on the back of a
delay in economic recovery and rising interest rates.
Read more
Tuesday warned that the debt-servicing capacity of some of the
country's most vulnerable households could fall on the back of a
delay in economic recovery and rising interest rates.
Read more
Taiwan stocks mostly flat in thin trade
TAIPEI, Dec 27 (Reuters) - Taiwan stocks were largely flat
on Tuesday in light trading ahead of the year-end, amid a lack
of cues to provide direction as some major overseas markets were
shut for holiday.
As of 0318 GMT, the main TAIEX index was mostly
unchanged at 9,114.04 points, after closing 0.4 percent higher
in the previous session.
The electronics subindex rose 0.1 percent, while the
financials subindex lost 0.4 percent.
Among actively traded shares, display maker Hannstar
Read more
on Tuesday in light trading ahead of the year-end, amid a lack
of cues to provide direction as some major overseas markets were
shut for holiday.
As of 0318 GMT, the main TAIEX index was mostly
unchanged at 9,114.04 points, after closing 0.4 percent higher
in the previous session.
The electronics subindex rose 0.1 percent, while the
financials subindex lost 0.4 percent.
Among actively traded shares, display maker Hannstar
Read more
China's central bank proposes tighter rules for car loans
SHANGHAI, Dec 27 (Reuters) - China issued proposed new
guidelines on Tuesday aimed at tightening rules and
standardising criteria for granting car loans, in a move to
address concerns over the risk of borrowers defaulting.
Read more
guidelines on Tuesday aimed at tightening rules and
standardising criteria for granting car loans, in a move to
address concerns over the risk of borrowers defaulting.
Read more
METALS-Shanghai zinc, nickel extend losses on year-end profit taking
BEIJING, Dec 27 (Reuters) - Shanghai zinc and nickel prices
extended losses on Tuesday, as speculators continued to book
profits from the metals' recent meteoric run-up and concerns
about demand growth in the world's top commodities market
lingered.
Read more
extended losses on Tuesday, as speculators continued to book
profits from the metals' recent meteoric run-up and concerns
about demand growth in the world's top commodities market
lingered.
Read more
China's Sealand signs deal to resolve "forged" bond dispute
SHANGHAI, Dec 27 (Reuters) - Sealand Securities,
which triggered a rout in China's bond market over the past two
weeks, has signed separate arrangements with seven
counterparties in a bid to resolve a scandal involving "forged"
bond agreements, it said on Tuesday.
Read more
which triggered a rout in China's bond market over the past two
weeks, has signed separate arrangements with seven
counterparties in a bid to resolve a scandal involving "forged"
bond agreements, it said on Tuesday.
Read more
BRIEF-Taiyo Life Insurance will jointly establish an insurance software company in Myanmar - Nikkei
* Taiyo Life Insurance will jointly establish an insurance
software company in Myanmar as early as February - Nikkei
Source text:(http://s.nikkei.com/2iwO4HH)
Read more
software company in Myanmar as early as February - Nikkei
Source text:(http://s.nikkei.com/2iwO4HH)
Read more
UPDATE 1-ECB tells Monte dei Paschi it needs to raise 8.8 bln euros
MILAN, Dec 26 (Reuters) - The European Central Bank has told
Monte dei Paschi it needs to plug a capital shortfall of 8.8
billion euros ($9.2 billion), higher than a previous 5 billion
euro gap estimated by the bank, the lender said on Monday,
confirming what sources told Reuters.
Read more
Monte dei Paschi it needs to plug a capital shortfall of 8.8
billion euros ($9.2 billion), higher than a previous 5 billion
euro gap estimated by the bank, the lender said on Monday,
confirming what sources told Reuters.
Read more
ECB tells Monte dei Paschi to raise 8.8 bln euros - sources
MILAN, Dec 26 (Reuters) - The European Central Bank has told
Banca Monte dei Paschi di Siena it needs to plug a
capital shortfall of 8.8 billion euros ($9.2 billion) higher
than a previous 5 billion euro gap estimated by the bank, two
sources close to the matter said on Monday.
Read more
Banca Monte dei Paschi di Siena it needs to plug a
capital shortfall of 8.8 billion euros ($9.2 billion) higher
than a previous 5 billion euro gap estimated by the bank, two
sources close to the matter said on Monday.
Read more
BRIEF-Global Logistic Properties planning logistics facility in Japan - Nikkei
* Global Logistic Properties planning logistics facility in
Japan, to begin operating around 2022; investment is estimated
to cost around 130 billion yen - Nikkei
Source text (http://s.nikkei.com/2i02S0u)
Further company coverage:
Read more
Japan, to begin operating around 2022; investment is estimated
to cost around 130 billion yen - Nikkei
Source text (http://s.nikkei.com/2i02S0u)
Further company coverage:
Read more
Abu Dhabi bourse to introduce short-selling in first quarter 2017 -CEO
DUBAI, Dec 26 (Reuters) - Abu Dhabi's stock market plans to
introduce covered short-selling in the first quarter of 2017,
its chief executive said on Monday, as it seeks to boost
liquidity and attract more foreign investors.
Read more
introduce covered short-selling in the first quarter of 2017,
its chief executive said on Monday, as it seeks to boost
liquidity and attract more foreign investors.
Read more
UPDATE 1-Bank of Israel holds main interest rate, raises growth forecasts
JERUSALEM, Dec 26 (Reuters) - The Bank of Israel raised its
forecasts for economic growth on Monday, after holding its
benchmark interest rate steady at 0.1 percent for
the 22nd month in a row.
Read more
forecasts for economic growth on Monday, after holding its
benchmark interest rate steady at 0.1 percent for
the 22nd month in a row.
Read more
MIDEAST STOCKS-Saudi post-budget rally stalls, UAE bourses firm
DUBAI, Dec 26 (Reuters) - The Saudi Arabian stock market's
post-budget rally ran out of steam on Monday as the index neared
technical resistance, while United Arab Emirates bourses
outperformed the region.
Read more
post-budget rally ran out of steam on Monday as the index neared
technical resistance, while United Arab Emirates bourses
outperformed the region.
Read more
BRIEF-Europlan approves four agreements for finance lease with Mospromstroy
* Says approves four agreements for finance lease between
the company and Mospromstroy for 6.0 million roubles
($98,522.98)
Source text: http://bit.ly/2ijNx8B
Read more
the company and Mospromstroy for 6.0 million roubles
($98,522.98)
Source text: http://bit.ly/2ijNx8B
Read more
UPDATE 1-China bank calls documents "fake" after bond default on Alibaba-linked platform
BEIJING, Dec 26 (Reuters) - The fate of a defaulted $45
million Chinese corporate bond sold through an Alibaba-backed
online wealth management platform was thrown into doubt on
Monday, after a bank said letters of guarantee for the bonds
were counterfeit.
Read more
million Chinese corporate bond sold through an Alibaba-backed
online wealth management platform was thrown into doubt on
Monday, after a bank said letters of guarantee for the bonds
were counterfeit.
Read more
BRIEF-Guangzhou Yuetai Group unit to set up insurance JV
* Says the JV will with registered capital of 1 billion yuan
and the unit to hold 14 percent stake in it
Read more
and the unit to hold 14 percent stake in it
Read more
BRIEF-Guotai Junan Securities reprimanded by regulator
* Says it is reprimanded by securities regulator for
insufficient reviews when it underwrote companies to list in
China's National Equities Exchange and Quotations (NEEQ)
Read more
insufficient reviews when it underwrote companies to list in
China's National Equities Exchange and Quotations (NEEQ)
Read more
Sunday, December 25, 2016
India won't impose long-term capital gains tax -finance minister
MUMBAI, Dec 25 (Reuters) - India's finance minister on
Sunday said the government does not plan to impose a long-term
capital gains tax, a day after Prime Minister Narendra Modi
suggested that people earning from financial markets must make a
"fair contribution" to nation building.
Read more
Sunday said the government does not plan to impose a long-term
capital gains tax, a day after Prime Minister Narendra Modi
suggested that people earning from financial markets must make a
"fair contribution" to nation building.
Read more
Dubai's Shuaa buys stake in Bahrain's Khaleeji Commercial Bank
DUBAI, Dec 25 (Reuters) - Dubai's Shuaa Capital
bought a 14.01 percent stake in Bahrain's Khaleeji Commercial
Bank on Sunday for 9.56 million dinars ($25.4
million), the Bahraini bourse said in a statement.
Read more
bought a 14.01 percent stake in Bahrain's Khaleeji Commercial
Bank on Sunday for 9.56 million dinars ($25.4
million), the Bahraini bourse said in a statement.
Read more
China needs to regulate 'money gates' but guard against financial stress - state media
BEIJING, Dec 25 (Reuters) - China needs to keep financial
market liquidity stable and regulate its "money gates" to
prevent asset bubbles, but it also needs to ensure a lack of
liquidity doesn't cause financial stress, according to a
commentary in a newspaper owned by the People's Bank of China.
Read more
market liquidity stable and regulate its "money gates" to
prevent asset bubbles, but it also needs to ensure a lack of
liquidity doesn't cause financial stress, according to a
commentary in a newspaper owned by the People's Bank of China.
Read more
Beijing to take more steps to cool residential property market - Xinhua
BEIJING, Dec 25 (Reuters) - Beijing, one of China's hottest
residential real estate markets, will step up property controls
to keep home prices stable next year, the official Xinhua news
agency reported on Sunday.
Read more
residential real estate markets, will step up property controls
to keep home prices stable next year, the official Xinhua news
agency reported on Sunday.
Read more
REFILE-BRIEF-Egyptian Exchange says block trading on Cairo For Housing and Development shares implemented
* Block trading on Cairo For Housing and Development shares
implemented on Dec 25 for 193 million shares with value of EGP
633 million
Source:(http://bit.ly/2i6Q6gZ)
Further company coverage:
Read more
implemented on Dec 25 for 193 million shares with value of EGP
633 million
Source:(http://bit.ly/2i6Q6gZ)
Further company coverage:
Read more
BRIEF-Gulf Bank clarifies media reports on divestment of its 34.2 mln shares in Zain
* Clarifies media reports; says sold 34.2 million of its
shares in Zain for 14.2 million dinars
Source:(http://bit.ly/2hdIPaG)
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780; )
Read more
shares in Zain for 14.2 million dinars
Source:(http://bit.ly/2hdIPaG)
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780; )
Read more
MIDEAST STOCKS-Saudi surges on budget, Saudi Electricity leaps
DUBAI, Dec 25 (Reuters) - Saudi Arabia's stock market surged
in early trade on Sunday in response to the release of the 2017
state budget, which includes an increase in government spending
next year to support flagging economic growth.
Read more
in early trade on Sunday in response to the release of the 2017
state budget, which includes an increase in government spending
next year to support flagging economic growth.
Read more
Saturday, December 24, 2016
UPDATE 1-Israel to re-assess U.N. ties after settlement resolution, says Netanyahu
JERUSALEM, Dec 24 (Reuters) - Israel will re-assess its ties
with the United Nations following the adoption by the Security
Council of a resolution demanding an end to Israeli settlement
building, Prime Minister Benjamin Netanyahu said on Saturday.
Read more
with the United Nations following the adoption by the Security
Council of a resolution demanding an end to Israeli settlement
building, Prime Minister Benjamin Netanyahu said on Saturday.
Read more
Platinum Partners arrests are scant consolation for alleged victims
NEW YORK, Dec 24 (Reuters) - When six executives of Platinum
Partners, including founder Mark Nordlicht, were arrested on
Monday on federal charges of running a more than $1 billion
hedge fund fraud, people who had long alleged they were harmed
by the New York-based firm felt some vindication.
Read more
Partners, including founder Mark Nordlicht, were arrested on
Monday on federal charges of running a more than $1 billion
hedge fund fraud, people who had long alleged they were harmed
by the New York-based firm felt some vindication.
Read more
UPDATE 1-Eurogroup's Dijsselbloem says Greek debt relief talks can resume
AMSTERDAM, Dec 24 (Reuters) - Eurogroup chief Jeroen
Dijsselbloem said on Saturday talks about initial Greek debt
relief measures would be resumed after being frozen mid-month
over Greece's decision to pay pensioners a Christmas bonus.
Read more
Dijsselbloem said on Saturday talks about initial Greek debt
relief measures would be resumed after being frozen mid-month
over Greece's decision to pay pensioners a Christmas bonus.
Read more
Eurogroup's Dijsselbloem: movement toward Greek debt relief resumes
AMSTERDAM, Dec 24 (Reuters) - Eurogroup chief Jeroen
Dijsselbloem said Saturday that talks on short-term debt relief
measures for Greece would be resumed after being frozen
mid-month over Athens' decision to pay a year-end bonus to
pensioners.
Read more
Dijsselbloem said Saturday that talks on short-term debt relief
measures for Greece would be resumed after being frozen
mid-month over Athens' decision to pay a year-end bonus to
pensioners.
Read more
BRIEF-Aker BP starts production at Norway's Ivar Aasen oilfield
* First oil is produced at Ivar Aasen field in the North
Sea. Start-up is according to plan, and development is completed
within budget
Read more
Sea. Start-up is according to plan, and development is completed
within budget
Read more
Kuwait to float Az-Zour North One in mid-2017-KUNA
DUBAI, Dec 24 (Reuters) - Kuwait plans to sell shares in
Az-Zour North Independent Water & Power Project to the public in
mid-2017, state news agency Kuna reported on Saturday.
Read more
Az-Zour North Independent Water & Power Project to the public in
mid-2017, state news agency Kuna reported on Saturday.
Read more
BRIEF-Enea buys Polaniec power plant from France's Engie for $255 mln
* Poland's state-run utility Enea signed an
agreement on Friday to buy all the shares in Engie's
Polish unit Engie Energia Polska, thus buying the power plant in
the city of Polaniec, Enea said in a statement late on Friday.
Read more
agreement on Friday to buy all the shares in Engie's
Polish unit Engie Energia Polska, thus buying the power plant in
the city of Polaniec, Enea said in a statement late on Friday.
Read more
China to permit special debt-to-equity bonds in new rules
SHANGHAI, Dec 24 (Reuters) - China has drawn up new
guidelines allowing institutions to issue special bonds to
finance debt-to-equity swaps, the state planning agency's
official news website said.
Read more
guidelines allowing institutions to issue special bonds to
finance debt-to-equity swaps, the state planning agency's
official news website said.
Read more
Friday, December 23, 2016
Marketing software firm Yext prepares for 2017 IPO -sources
SAN FRANCISCO, Dec 23 (Reuters) - Yext, a software startup
that helps businesses manage their location-based internet
profiles, has hired banks to help prepare for an initial public
offering that could come as early as next year, people familiar
with the matter said on Friday.
Read more
that helps businesses manage their location-based internet
profiles, has hired banks to help prepare for an initial public
offering that could come as early as next year, people familiar
with the matter said on Friday.
Read more
BRIEF-Highbridge Capital Management reports 5.3 pct passive stake in Protalix Biotherapeutics
* Highbridge Capital Management Reports 5.3 Pct passive
stake in Protalix Biotherapeutics Inc as of Dec. 13
Source text: (http://bit.ly/2ioIPpE)
Further company coverage:
Read more
stake in Protalix Biotherapeutics Inc as of Dec. 13
Source text: (http://bit.ly/2ioIPpE)
Further company coverage:
Read more
BRIEF-RA Capital Management reports 6.8 pct passive stake in Avexis
* RA Capital Management Reports 6.8 pct passive stake in
Avexis Inc as of Dec. 14
Source text:(http://bit.ly/2hh1iqe)
Further company coverage:
Read more
Avexis Inc as of Dec. 14
Source text:(http://bit.ly/2hh1iqe)
Further company coverage:
Read more
UPDATE 1-Brazil's BNDES repays $30 billion to Treasury
BRASILIA, Dec 23 (Reuters) - Brazil's state development bank
BNDES repaid early some 100 billion reais ($30.6 billion) to the
national treasury, the Finance Ministry said on Friday, thus
lowering the country's public debt.
Read more
BNDES repaid early some 100 billion reais ($30.6 billion) to the
national treasury, the Finance Ministry said on Friday, thus
lowering the country's public debt.
Read more
U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe
Dec 23 (Reuters) - The U.S. Department of Justice has
subpoenaed a high-profile whistleblower in its criminal
investigation into Wells Fargo & Co's opening of
accounts without customer permission.
Read more
subpoenaed a high-profile whistleblower in its criminal
investigation into Wells Fargo & Co's opening of
accounts without customer permission.
Read more
BRIEF-Align Technology enters agreement to buy four parcels of real estate
* On Dec. 19 co,LBA RIV-COMPANY entered into a purchase and
sale agreement for purchase by company of four parcels of real
estate
Read more
sale agreement for purchase by company of four parcels of real
estate
Read more
Ghana 91-day bill yield eases to 16.4281 pct
ACCRA, Dec 23 (Reuters) - The Bank of Ghana said the yield
on its weekly 91-day bill fell to 16.4281 percent at an auction
on Friday from 16.6759 percent at the last sale on Dec. 16.
Read more
on its weekly 91-day bill fell to 16.4281 percent at an auction
on Friday from 16.6759 percent at the last sale on Dec. 16.
Read more
BRIEF-Space2 approves partial split of Space 2 in Space 3 and merger of Avio to Space 2
* Says shareholders approve partial split of Space 2 in
Space 3 and merger by incorporation of Avio to Space 2
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Space 3 and merger by incorporation of Avio to Space 2
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-Cpi Property Group: new transactions in Czech Republic
* On 21 December 2016 company acquired a portfolio of nine
retail properties located in regions of Czech Republic anchored
by Penny Market and Ahold
Read more
retail properties located in regions of Czech Republic anchored
by Penny Market and Ahold
Read more
BRIEF-Vocento unit ABC sells building to Axiare for 35 mln euros
* Says its unit, Diario ABC SL, has signed a deal with
Axiare Patrimonio SOCIMI SA to sell its building in Madrid for
35 million euros ($37 million) in a sale and leaseback contract
for five years
Read more
Axiare Patrimonio SOCIMI SA to sell its building in Madrid for
35 million euros ($37 million) in a sale and leaseback contract
for five years
Read more
Deutsche Bank tells staff no bailout needed for U.S. settlement - source
FRANKFURT, Dec 23 (Reuters) - Deutsche Bank
sought to reassure staff about its financial strength on Friday,
in the wake of a $7.2 billion settlement with the U.S.
Department of Justice (DoJ) over its sale and pooling of toxic
mortgage securities.
Read more
sought to reassure staff about its financial strength on Friday,
in the wake of a $7.2 billion settlement with the U.S.
Department of Justice (DoJ) over its sale and pooling of toxic
mortgage securities.
Read more
BRIEF-VBARE Iberian Properties buys building in Madrid for 1.0 mln euros
* Buys a residential building in Madrid for 1.0 million
euros ($1.1 million)
Source text: http://bit.ly/2h9A6X4
Read more
euros ($1.1 million)
Source text: http://bit.ly/2h9A6X4
Read more
BRIEF-Dingyi Group entered into subscription agreements
* Entered into subscription agreements with each of
subscribers for issue of convertible bonds in an aggregate
principal amount of hk$850 million
Source text for Eikon:
Further company coverage:
Read more
subscribers for issue of convertible bonds in an aggregate
principal amount of hk$850 million
Source text for Eikon:
Further company coverage:
Read more
BPM-Banco sign deal with unions over merger's job cuts
MILAN, Dec 23 (Reuters) - Banca Popolare di Milano (BPM)
and Banco Popolare signed on Friday an
accord with trade unions over job cuts planned as part of the
merger plan to create Italy's third-largest bank, the First CISL
union said.
Read more
and Banco Popolare signed on Friday an
accord with trade unions over job cuts planned as part of the
merger plan to create Italy's third-largest bank, the First CISL
union said.
Read more
BRIEF-Golden Goenka Fincorp sells further 1.3 mln shares of Shree Saishraddha Cements
* Says co has sold further 1.3 million equity shares of
Shree Saishraddha Cements
Source text: http://bit.ly/2i20ff3
Further company coverage:
Read more
Shree Saishraddha Cements
Source text: http://bit.ly/2i20ff3
Further company coverage:
Read more
BRIEF-EQT to sell SAG Group in deal valuing SAG at EUR 850 mln
* Private equity firm EQT says has entered into an agreement
to sell SAG Group to SPIE S.A. in a transaction valuing SAG at
EUR 850 million
Read more
to sell SAG Group to SPIE S.A. in a transaction valuing SAG at
EUR 850 million
Read more
BRIEF-Dhanuka Commercial says Vinod Aggarwal resigns as CFO
* Says Vinod Kumar Aggarwal, chief financial officer (CFO)
of the company has tendered his resignation
Source text: http://bit.ly/2i1yV0u
Further company coverage:
Read more
of the company has tendered his resignation
Source text: http://bit.ly/2i1yV0u
Further company coverage:
Read more
Putin says Russian economy is on the mend
MOSCOW, Dec 23 (Reuters) - Russia's economic contraction is
slowing, capital flight is fading and real wages are starting to
recover, President Vladimir Putin said on Friday.
Read more
slowing, capital flight is fading and real wages are starting to
recover, President Vladimir Putin said on Friday.
Read more
BRIEF-PayPoint sells mobile payments business to Volkswagen Financial for 26.5 mln stg
* Announces sale of mobile payments to Volkswagen Financial
Services AG for 26.5 million stg paid in cash at completion
today
Read more
Services AG for 26.5 million stg paid in cash at completion
today
Read more
Sri Lankan rupee steady in thin trading ahead of holiday
COLOMBO, Dec 23 (Reuters) - The Sri Lankan rupee was steady
in lacklustre trading on Friday ahead of a long weekend, amid
little importer demand for the dollar, dealers said.
Read more
in lacklustre trading on Friday ahead of a long weekend, amid
little importer demand for the dollar, dealers said.
Read more
BRIEF-Bank Audi confirms completion of procedures for capital increase to LBP 672.33 bln
* Completes procedures for capital increase to 672.33
billion Lebanese pounds from 668.19 billion Lebanese pounds via
issuance of 2.5 million series 'I' preferred shares at 1,656
Lebanese pounds per share
Source text ID: (http://bit.ly/2i1l22t)
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780; )
Read more
billion Lebanese pounds from 668.19 billion Lebanese pounds via
issuance of 2.5 million series 'I' preferred shares at 1,656
Lebanese pounds per share
Source text ID: (http://bit.ly/2i1l22t)
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780; )
Read more
BRIEF-EDF sells off some property assets to Tikehau IM
* Tikehau IM has acquired from the EDF group property
investment company SOFILO a portfolio of around 130 office real
estate and business assets.
Read more
investment company SOFILO a portfolio of around 130 office real
estate and business assets.
Read more
BRIEF-Banimo: Approval of the Urbanove judicial reorganisation
* Banimmo has been informed by Urbanove shopping development of a decision by majority of
its creditors to approve judicial reorganisation of the group
Read more
its creditors to approve judicial reorganisation of the group
Read more
Thursday, December 22, 2016
BRIEF-Pacific Century Premium Developments has entered into agreements with reach networks
* Pacific century premium - agreement for provision of
facilities management services and lease & tenant management
services from 1 jan 2017 to 31 dec 2018
Read more
facilities management services and lease & tenant management
services from 1 jan 2017 to 31 dec 2018
Read more
BRIEF-Pioneer Global seeks trading halt
* Pioneer global-trading in shares (stock code: 00224) of
pioneer global group limited has been halted at 1:05 p.m. Today
(23/12/2016).
Source text for Eikon:
Further company coverage:
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pioneer global group limited has been halted at 1:05 p.m. Today
(23/12/2016).
Source text for Eikon:
Further company coverage:
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Malaysia's EPF sells stake in Felda Global Ventures
KUALA LUMPUR, Dec 23 (Reuters) - Malaysia's Employees
Provident Fund (EPF) said it has sold its stake in Felda Global
Ventures Holdings Bhd, the world's third largest palm
plantation group.
Read more
Provident Fund (EPF) said it has sold its stake in Felda Global
Ventures Holdings Bhd, the world's third largest palm
plantation group.
Read more
UPDATE 2-Deutsche Bank plans $7.2 bln mortgage settlement with U.S.
NEW YORK/FRANKFURT Dec 23 (Reuters) - Deutsche Bank
has agreed to a $7.2 billion settlement with the U.S.
Department of Justice over its sale and pooling of toxic
mortgage securities in the run-up to the 2008 financial crisis.
Read more
has agreed to a $7.2 billion settlement with the U.S.
Department of Justice over its sale and pooling of toxic
mortgage securities in the run-up to the 2008 financial crisis.
Read more
BRIEF-Long Bon International to repurchase 3.7 pct stake shares for T$2.63 bln
* Says it will repurchase 20,000,000 shares of its common
stock (a 3.7 percent stake) during the period from Dec. 23 to
Feb. 22, 2017
Read more
stock (a 3.7 percent stake) during the period from Dec. 23 to
Feb. 22, 2017
Read more
惠譽確認英大財險的保險公司財務實力評級為‘A-’，展望穩定
(The following statement was released by the rating agency)
HONG KONG, December 22 (Fitch) 本文章英文原文最初於2016年12月16日發布于：<a
href="https://www.fitchratings.com/site/pr/1016626">Fitch Affirms Yingda Taihe
Property Insurance at IFS 'A-'; Outlook Stable
惠譽評級已確認中國的英大泰和財產保險股份有限公司（英大財險）的保險公司財務實力評級為‘A-’，展望穩定。
關鍵評級驅動因素
評級的確認表明英大財險能夠維持經營盈利，以及公司由國有的電力企業——國家電網公司（國家電網，A+/展望穩定）持股99.4%；基於這種關聯性，英大財險的評級是在其
自身獨立信用評估的基礎上上調一個子級得到的。國家電網通過多個全資子公司（包括英大國際控股集團有限公司）持有英大財險。
儘管持續生成盈餘，隨著英大財險不斷擴大其保險業務組合，公司的資本金水平逐步降至適度水平
Read more
HONG KONG, December 22 (Fitch) 本文章英文原文最初於2016年12月16日發布于：<a
href="https://www.fitchratings.com/site/pr/1016626">Fitch Affirms Yingda Taihe
Property Insurance at IFS 'A-'; Outlook Stable
惠譽評級已確認中國的英大泰和財產保險股份有限公司（英大財險）的保險公司財務實力評級為‘A-’，展望穩定。
關鍵評級驅動因素
評級的確認表明英大財險能夠維持經營盈利，以及公司由國有的電力企業——國家電網公司（國家電網，A+/展望穩定）持股99.4%；基於這種關聯性，英大財險的評級是在其
自身獨立信用評估的基礎上上調一個子級得到的。國家電網通過多個全資子公司（包括英大國際控股集團有限公司）持有英大財險。
儘管持續生成盈餘，隨著英大財險不斷擴大其保險業務組合，公司的資本金水平逐步降至適度水平
Read more
BRIEF-Dan Form Holdings says Patrick Lee Seng Wei appointed as chief executive
* Lee Seng Hui and Patrick Lee Seng Wei have been appointed
as chairman and chief executive of Dan Form respectively
Read more
as chairman and chief executive of Dan Form respectively
Read more
Deutsche Bank reaches settlement with DoJ on mortgages case
Dec 22 (Reuters) - Deutsche Bank said on Thursday
that it had reached a settlement with the U.S. Department of
Justice, relating to the banks issuance and underwriting of RMBS
(residential mortgage-backed securities) and related activities
between 2005 and 2007.
Read more
that it had reached a settlement with the U.S. Department of
Justice, relating to the banks issuance and underwriting of RMBS
(residential mortgage-backed securities) and related activities
between 2005 and 2007.
Read more
Britain sets up fund to help areas hit by second-home ownership
LONDON, Dec 23 (Reuters) - Britain set up a new annual 60
million pound ($74 million) fund on Friday to help build more
homes in areas hit by high levels of second-home ownership, paid
for by a levy introduced in April on the purchase of additional
homes.
Read more
million pound ($74 million) fund on Friday to help build more
homes in areas hit by high levels of second-home ownership, paid
for by a levy introduced in April on the purchase of additional
homes.
Read more
Italian govt approves decree to rescue Monte dei Paschi
ROME, Dec 23 (Reuters) - The Italian government approved a
decree early on Friday that will open the way for the rescue of
Monte dei Paschi di Siena after the world's oldest
bank failed to win backing from investors for a vital capital
increase.
Read more
decree early on Friday that will open the way for the rescue of
Monte dei Paschi di Siena after the world's oldest
bank failed to win backing from investors for a vital capital
increase.
Read more
UPDATE 1-Australia's Tatts rejects KKR-backed bid as inferior to Tabcorp's
SYDNEY, Dec 23 (Reuters) - Australia's Tatts on
Friday rejected a takeover bid worth up to A$7.3 billion ($5.27
billion) from a consortium backed by KKR and Macquarie
Group, saying it preferred an earlier offer from
Tabcorp Holdings Ltd.
Read more
Friday rejected a takeover bid worth up to A$7.3 billion ($5.27
billion) from a consortium backed by KKR and Macquarie
Group, saying it preferred an earlier offer from
Tabcorp Holdings Ltd.
Read more
U.S.-based stock funds post $21.6 bln withdrawals during week -Lipper
NEW YORK, Dec 22 (Reuters) - U.S.-based stock funds posted
$21.6 billion in withdrawals during the latest week, Lipper data
showed on Thursday, adding to a trend of outflows from actively
managed mutual funds that has lasted the better part of the
year.
Read more
$21.6 billion in withdrawals during the latest week, Lipper data
showed on Thursday, adding to a trend of outflows from actively
managed mutual funds that has lasted the better part of the
year.
Read more
BRIEF-Steel Partners Holdings declares special one-time dividend of $.15 per unit
* Steel Partners Holdings declares special one-time dividend
of $.15 per unit
Source text for Eikon:
Further company coverage:
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of $.15 per unit
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Goldman Sachs appoints Ellen Kullman as an independent director to co's board
* Goldman Sachs says Kullman's appointment expands board to
14 directors, 11 of whom are independent
Read more
14 directors, 11 of whom are independent
Read more
UPDATE 1-Blackstone in talks to buy stake in Energy Transfer assets
Dec 22 (Reuters) - Private-equity firm Blackstone Group LP
is in talks to buy a stake in assets owned by Energy
Transfer Partners LP, the company building the
controversial Dakota Access pipeline, a source familiar with the
situation said on Thursday.
Read more
is in talks to buy a stake in assets owned by Energy
Transfer Partners LP, the company building the
controversial Dakota Access pipeline, a source familiar with the
situation said on Thursday.
Read more
UPDATE 3-Brazil's Temer unveils plans to preserve jobs, cut credit card costs
BRASILIA, Dec 22 (Reuters) - President Michel Temer vowed on
Thursday to slash credit card interest rates, offer subsidies to
companies that retain employees and ease the hiring of workers
on temporary contracts in his latest bid to lift Brazil out of a
prolonged recession.
Read more
Thursday to slash credit card interest rates, offer subsidies to
companies that retain employees and ease the hiring of workers
on temporary contracts in his latest bid to lift Brazil out of a
prolonged recession.
Read more
Fitch Rates GF SAN Mexico 'BBB+' and its Upcoming Perpetual AT1 Notes 'BB(EXP)'
(The following statement was released by the rating agency)
MONTERREY, December 22 (Fitch) Fitch Ratings has assigned
ratings to Grupo
Financiero Santander Mexico S.A.B. de C.V. (GF SAN Mexico)
including its
Viability Rating (VR) at 'bbb+', Long-term Foreign Currency
Issuer Default
Ratings (IDRs) at 'BBB+', and Short-term Foreign- and
Local-Currency Rating at
'F2'. Fitch has also assigned a Support Rating of '2' and
National Long- and
Short-term ratings of 'AAA(mex)/F1+(mex). The Rating Out
Read more
MONTERREY, December 22 (Fitch) Fitch Ratings has assigned
ratings to Grupo
Financiero Santander Mexico S.A.B. de C.V. (GF SAN Mexico)
including its
Viability Rating (VR) at 'bbb+', Long-term Foreign Currency
Issuer Default
Ratings (IDRs) at 'BBB+', and Short-term Foreign- and
Local-Currency Rating at
'F2'. Fitch has also assigned a Support Rating of '2' and
National Long- and
Short-term ratings of 'AAA(mex)/F1+(mex). The Rating Out
Read more
Bank of England says banks' demand for cheap finance doubles in last week
LONDON, Dec 22 (Reuters) - British lenders' usage of a new
Bank of England scheme which helps them pass on August's
interest rate cut more than doubled over the past week, figures
from the central bank showed on Thursday.
Read more
Bank of England scheme which helps them pass on August's
interest rate cut more than doubled over the past week, figures
from the central bank showed on Thursday.
Read more
BRIEF-Carolina Bank Holdings says shareholders approve merger with First Bancorp
* First Bancorp and Carolina Bank Holdings have received
approval for merger from North Carolina commissioner of banks
Read more
approval for merger from North Carolina commissioner of banks
Read more
Fitch Withdraws Parvest Multi-Strategy Low Vol's Fund Rating
(The following statement was released by the rating agency)
PARIS/LONDON, December 22 (Fitch) Fitch Ratings has withdrawn
Parvest
Multi-Strategy Low Vol's Fund Quality Rating of 'Strong'. The
fund is
Luxembourg-domiciled and managed by THEAM, a member of BNP
Paribas Investment
Partners (BNPP IP, rated 'Highest Standards').
KEY RATING DRIVERS
Fitch is withdrawing the ratings of Parvest Multi-Strategy Low
Vol because the
fund is undergoing a reorganisation and its assets have been
transferred
Read more
PARIS/LONDON, December 22 (Fitch) Fitch Ratings has withdrawn
Parvest
Multi-Strategy Low Vol's Fund Quality Rating of 'Strong'. The
fund is
Luxembourg-domiciled and managed by THEAM, a member of BNP
Paribas Investment
Partners (BNPP IP, rated 'Highest Standards').
KEY RATING DRIVERS
Fitch is withdrawing the ratings of Parvest Multi-Strategy Low
Vol because the
fund is undergoing a reorganisation and its assets have been
transferred
Read more
Fitch Affirms 3 Mid-Sized Georgian Banks
(The following statement was released by the rating agency)
MOSCOW/LONDON, December 22 (Fitch) Fitch Ratings has affirmed
the Long-Term
Issuer Default Ratings (IDRs) of Cartu Bank (Cartu) at 'B+',
Basisbank (Basis)
at 'B' and Halyk Bank Georgia (HBG) at 'BB-'. The Outlooks are
Stable. A full
list of rating actions is at the end of this rating action
commentary.
KEY RATING DRIVERS - ALL BANKS' IDRs, VIABILITY RATINGS (VRs)
The IDRs of Cartu and Basis are driven by their intrinsic
strength, as
Read more
MOSCOW/LONDON, December 22 (Fitch) Fitch Ratings has affirmed
the Long-Term
Issuer Default Ratings (IDRs) of Cartu Bank (Cartu) at 'B+',
Basisbank (Basis)
at 'B' and Halyk Bank Georgia (HBG) at 'BB-'. The Outlooks are
Stable. A full
list of rating actions is at the end of this rating action
commentary.
KEY RATING DRIVERS - ALL BANKS' IDRs, VIABILITY RATINGS (VRs)
The IDRs of Cartu and Basis are driven by their intrinsic
strength, as
Read more
BRIEF-Boustead Plantations Bhd updates on proposed sale of 5 adjoining parcels of freehold land
* Affin Hwang Investment Bank Bhd wishes to announce that
CIMB Islamic Trustee Bhd entered into SPA with Setia Recreation
Sdn Bhd
Read more
CIMB Islamic Trustee Bhd entered into SPA with Setia Recreation
Sdn Bhd
Read more
BRIEF-First Foundation announces two-for-one stock split
* Additional shares issued in stock split are expected to be
distributed on January 18, 2017
Read more
distributed on January 18, 2017
Read more
BMPS bonds plumb new depths as state aid expectations ramp up
LONDON, Dec 22 (IFR) - Some of Banca Monte dei Paschi di
Siena's subordinated bonds have slumped to their lowest ever
cash prices as efforts to recapitalise the lender via a
private-sector solution appear to have failed.
Read more
Siena's subordinated bonds have slumped to their lowest ever
cash prices as efforts to recapitalise the lender via a
private-sector solution appear to have failed.
Read more
BRIEF-SRV Yhtiot Lauri Kokkila's ownership in SRV increases
* Lauri Kokkila`s share of ownership and votes in SRV rose
to 6,494,422 shares representing 10.73 pct
Source text for Eikon:
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to 6,494,422 shares representing 10.73 pct
Source text for Eikon:
Read more
Indian shares fall for seventh straight session
December 22 (Reuters) - Indian shares fell for a seventh
consecutive session on Thursday, their longest losing streak in
one-and-a-half years, as blue chips such as State Bank of India
and Infosys Ltd continued to be hit by
foreign selling.
Read more
consecutive session on Thursday, their longest losing streak in
one-and-a-half years, as blue chips such as State Bank of India
and Infosys Ltd continued to be hit by
foreign selling.
Read more
BRIEF-China Development Financial Holding unit to use 200.4 mln yuan to set up consumer finance company
* Says its subsidiary KGI Bank will use 200.4 million yuan
to set up a consumer finance company with registered capital of
600 million yuan in Kunshan with Bank of Jiangsu
Read more
to set up a consumer finance company with registered capital of
600 million yuan in Kunshan with Bank of Jiangsu
Read more
BRIEF-Guangdong Golden Dragon, partners plan life insurance firm
* Says it and partners plan to set up life insurance firm
with registered capital at 2.0 billion yuan ($287.89 million)
Read more
with registered capital at 2.0 billion yuan ($287.89 million)
Read more
BRIEF-Indiabulls Housing Finance reiterates growth guidance of 30 pct loan asset growth for FY 16-17
* Reiterates its growth guidance of 30% loan asset growth
for FY 2016-17
Source text: http://bit.ly/2hfxifZ
Further company coverage:
Read more
for FY 2016-17
Source text: http://bit.ly/2hfxifZ
Further company coverage:
Read more
China 'teapot' oil refinery sets up Singapore office - traders
BEIJING, Dec 22 (Reuters) - Sinochem Hongrun Petrochemical
Co. Ltd, a Shandong-based independent refiner and fuel exporter,
plans to open a Singapore trading office early next year, the
latest of China's so-called "teapot" refiners to seek a presence
in the global oil market.
Read more
Co. Ltd, a Shandong-based independent refiner and fuel exporter,
plans to open a Singapore trading office early next year, the
latest of China's so-called "teapot" refiners to seek a presence
in the global oil market.
Read more
Wednesday, December 21, 2016
BRIEF-Moscow Exchange to cooperate with Chinese securities firms
* Says has signed memorandums of understanding (MoUs) with
two Chinese securities firms, CITIC Securities and Galaxy
Securities
Read more
two Chinese securities firms, CITIC Securities and Galaxy
Securities
Read more
BRIEF-Property Agent to buy Tokyo-based property
* Says it plans to acquire a plot of land in Tokyo at an
undisclosed price on the last day of March, 2017
Read more
undisclosed price on the last day of March, 2017
Read more
SE Asia Stocks-Philippines hits over 10-mth low ahead of cenbank meeting
By Anusha Ravindranath
Dec 22 (Reuters) - Southeast Asian stock markets were
subdued on Thursday, tracking Asian peers, with the Philippines
hitting its lowest in more than 10 months as investors switched
to a risk-off mode ahead of a key central bank meeting.
The Philippine central bank is widely expected to keep its
benchmark interest rate on hold on Thursday. All 13 economists
polled by Reuters said they expect no change in the central
bank's key overnight borrowing rate while some of
Read more
Dec 22 (Reuters) - Southeast Asian stock markets were
subdued on Thursday, tracking Asian peers, with the Philippines
hitting its lowest in more than 10 months as investors switched
to a risk-off mode ahead of a key central bank meeting.
The Philippine central bank is widely expected to keep its
benchmark interest rate on hold on Thursday. All 13 economists
polled by Reuters said they expect no change in the central
bank's key overnight borrowing rate while some of
Read more
BRIEF-Thailand's TISCO Bank to transfer retail banking business from Standard Chartered Bank (Thai)
Dec 22 (Reuters) - Thailand's TISCO Financial Group Public
Co Ltd says in a notification to the Stock Exchange
of Thailand (SET):
Read more
Co Ltd says in a notification to the Stock Exchange
of Thailand (SET):
Read more
Morning News Call - India, December 22
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12222016.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
(India Morning Newsletter will not be published through the year-end holiday
season from December 26, 2016 to December 30, 2016. Normal service will resume
from January 2, 2017. Season's Greetings and Happy New Year.)
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12222016.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
(India Morning Newsletter will not be published through the year-end holiday
season from December 26, 2016 to December 30, 2016. Normal service will resume
from January 2, 2017. Season's Greetings and Happy New Year.)
Read more
BRIEF-Jiangsu Sunrain Solar Energy to set up Suning bank with partners
* Says it plans to invest up to 944 million yuan ($136.04
million) to set up Suning bank of registered capital of about
4.0 billion yuan with partners
Read more
million) to set up Suning bank of registered capital of about
4.0 billion yuan with partners
Read more
S.Korea c.bank says 2017 growth may cool, suggests more fiscal stimulus needed
SEOUL, Dec 22 (Reuters) - South Korea's central bank said on
Thursday the economy risks slowing down in 2017 and suggested
the government needs to step up fiscal stimulus to rev up
growth, with Governor Lee Ju-yeol signalling there was more room
to cut rates if needed.
Read more
Thursday the economy risks slowing down in 2017 and suggested
the government needs to step up fiscal stimulus to rev up
growth, with Governor Lee Ju-yeol signalling there was more room
to cut rates if needed.
Read more
Fitch: APAC Banks Likely to Remain Major AT1 Issuers in 2017
(The following statement was released by the rating agency)
SINGAPORE, December 21 (Fitch) Asian banks are likely to remain
major issuers of
Additional Tier 1 (AT1) instruments in 2017, as Chinese banks
look to support
rapid balance sheet growth and Indian banks step up their
efforts to address
capital shortages, says Fitch Ratings. Activity outside of these
two large
markets will be mostly driven by refinancing needs.
Asia's market share in Fitch's AT1 tracker - which tracks total
global i
Read more
SINGAPORE, December 21 (Fitch) Asian banks are likely to remain
major issuers of
Additional Tier 1 (AT1) instruments in 2017, as Chinese banks
look to support
rapid balance sheet growth and Indian banks step up their
efforts to address
capital shortages, says Fitch Ratings. Activity outside of these
two large
markets will be mostly driven by refinancing needs.
Asia's market share in Fitch's AT1 tracker - which tracks total
global i
Read more
UPDATE 2-Icahn tapped as Trump's special adviser on regulatory issues
Dec 21 (Reuters) - Billionaire Carl Icahn will advise Donald
Trump on rescinding what the activist investor called "excessive
regulation" on U.S. businesses, the president-elect's transition
team announced on Wednesday.
Read more
Trump on rescinding what the activist investor called "excessive
regulation" on U.S. businesses, the president-elect's transition
team announced on Wednesday.
Read more
BRIEF-QTS increases unsecured credit facility by $300 mln to $1.2 bln
* QTS increases unsecured credit facility by $300 million to
$1.2 billion and extends maturity date
Read more
$1.2 billion and extends maturity date
Read more
FBI agent's insider trading case leaks subject of criminal probe
NEW YORK, Dec 21 (Reuters) - The U.S. Justice Department's internal watchdog has opened a criminal probe of an FBI agent's leaks to journalists about an insider trading probe involving a Las Vegas sports gambler and professional golfer Phil Mickelson, a prosecutor said on Wednesday.
Read more
Read more
UPDATE 1-EU reprimands ex-commissioner Kroes, recoups cash
BRUSSELS, Dec 21 (Reuters) - The EU handed an unprecedented
public reprimand to a former commissioner on Wednesday for
taking allowances she was not entitled to but stopped short of
legal action after recouping the money.
Read more
public reprimand to a former commissioner on Wednesday for
taking allowances she was not entitled to but stopped short of
legal action after recouping the money.
Read more
BRIEF-Deutsche Boerse increases its 15 pct stake in Tradegate to almost 20 pct
* Says Deutsche Börse AG is exercising a third and also
final call option on shares in Tradegate AG and will thereby
increase its approximately 15-percent stake in Tradegate to
almost 20 percent
Source text for Eikon:
http://bit.ly/2hVEg9J
Further company coverage:
Read more
final call option on shares in Tradegate AG and will thereby
increase its approximately 15-percent stake in Tradegate to
almost 20 percent
Source text for Eikon:
http://bit.ly/2hVEg9J
Further company coverage:
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U.S. stock funds attract cash but not at the expense of bonds
By Trevor Hunnicutt
NEW YORK, Dec 21 (Reuters) - Investors feasted on stock
exchange-traded funds during the latest week while delaying
their escape from the stressed bond market, data from the
Investment Company Institute showed on Wednesday.
Some $26.9 billion flooded into U.S.-based stock ETFs during
the seven days through Dec. 14, the trade group said, the
largest figure since the funds set a weekly fundraising record
of $29.4 billion after the Nov. 8 U.S. presidential election.
Stoc
Read more
NEW YORK, Dec 21 (Reuters) - Investors feasted on stock
exchange-traded funds during the latest week while delaying
their escape from the stressed bond market, data from the
Investment Company Institute showed on Wednesday.
Some $26.9 billion flooded into U.S.-based stock ETFs during
the seven days through Dec. 14, the trade group said, the
largest figure since the funds set a weekly fundraising record
of $29.4 billion after the Nov. 8 U.S. presidential election.
Stoc
Read more
Goldman Sachs ordered to pay $120 mln penalty for rate manipulation -CFTC
WASHINGTON, Dec 21 (Reuters) - Goldman Sachs has been
ordered to pay a $120 million civil penalty to settle charges
that it often tried to manipulate a global dollar benchmark for
interest rate products over a five-year period, the Commodity
Futures Trading Commission said on Wednesday.
Read more
ordered to pay a $120 million civil penalty to settle charges
that it often tried to manipulate a global dollar benchmark for
interest rate products over a five-year period, the Commodity
Futures Trading Commission said on Wednesday.
Read more
UPDATE 1-Odebrecht in talks to sell Peru pipeline to Brookfield -finmin
LIMA, Dec 21 (Reuters) - Brazilian construction conglomerate
Odebrecht SA is in advanced talks on selling its
majority stake in a $5 billion natural gas pipeline project in
Peru to Canada's Brookfield Asset Management Inc,
Peru's finance minister said in a televised interview.
Read more
Odebrecht SA is in advanced talks on selling its
majority stake in a $5 billion natural gas pipeline project in
Peru to Canada's Brookfield Asset Management Inc,
Peru's finance minister said in a televised interview.
Read more
BRIEF-New York REIT- Co through units entered into loan agreement in aggregate amount of $500 mln on Dec. 20
* New York REIT - on Dec 20, 2016, co through units entered
into loan agreement in aggregate amount of $500.0 million-sec
filing
Source text (http://bit.ly/2i0DZzb)
Further company coverage:
Read more
into loan agreement in aggregate amount of $500.0 million-sec
filing
Source text (http://bit.ly/2i0DZzb)
Further company coverage:
Read more
BRIEF-Bank of Tianjin Co Ltd says Yuan Fuhua resigned as chairman
* Board has resolved that, Zhang Furong will perform duties
of chairman of board prior to election of a succeeding chairman
of board
Read more
of chairman of board prior to election of a succeeding chairman
of board
Read more
BRIEF-Liberbank sees mortgage clauses impact until May 2013 at 83 mln euros
* Estimates spread of accrued interest on application of the
floor clauses at 83 million euros ($86.6 million) before taxes
for the period until May 9, 2013
Read more
floor clauses at 83 million euros ($86.6 million) before taxes
for the period until May 9, 2013
Read more
BRIEF-South Indian Bank to issue equity shares on rights basis in 1:3 ratio
* Says to issue equity shares of face value of INR 1 each on
a rights basis in ratio of 1:3
Source text: http://bit.ly/2i0dp9G
Further company coverahttp://bit.ly/2i0dp9Gge:
Read more
a rights basis in ratio of 1:3
Source text: http://bit.ly/2i0dp9G
Further company coverahttp://bit.ly/2i0dp9Gge:
Read more
India rate panel puts focus on inflation as global risks mount
MUMBAI, Dec 21 (Reuters) - India's inflation risks have
risen, while the downside impact on growth from the government's
ongoing demonetisation drive will be transitory, according to
the minutes of the central bank's monetary policy committee
(MPC) meeting released on Wednesday.
Read more
risen, while the downside impact on growth from the government's
ongoing demonetisation drive will be transitory, according to
the minutes of the central bank's monetary policy committee
(MPC) meeting released on Wednesday.
Read more
Italy lower house approves govt request to hike debt for bank rescue
ROME, Dec 21 (Reuters) - Italy's lower house of parliament
approved on Wednesday a government request to borrow up to 20
billion euros ($20.8 billion) to underwrite the country's
fragile banking sector, which is weighed down by bad loans.
Read more
approved on Wednesday a government request to borrow up to 20
billion euros ($20.8 billion) to underwrite the country's
fragile banking sector, which is weighed down by bad loans.
Read more
CORRECTED-Qatar's Nebras Power says signs $430 mln revolving credit facility
DUBAI, Dec 21 (Reuters) - Nebras Power, majority owned by
Qatar Electricity and Water Company, has signed a $430
million debut revolving credit facility led by Sumitomo Mitsui
Banking Corporation, the company said on Wednesday.
Read more
Qatar Electricity and Water Company, has signed a $430
million debut revolving credit facility led by Sumitomo Mitsui
Banking Corporation, the company said on Wednesday.
Read more
BRIEF-Anglo Philippine announces appointment of Adrian S. Ramos as president
* Anglo philippine-appointing adrian s. Ramos as president
and chief operating officer, effective 01 january 2017
Read more
and chief operating officer, effective 01 january 2017
Read more
BRIEF-Charter Hall Group increases group FUM by $700 million from net revaluations
* Charter hall increases group fum by $700 million from net
revaluations
Source text for Eikon:
Further company coverage:
Read more
revaluations
Source text for Eikon:
Further company coverage:
Read more
Polish deputy PM: escalation of political conflict could impact investment
WARSAW, Dec 21 (Reuters) - If Poland's current political
stand-off escalates then it is not excluded that it may impact
investment decisions made by investors, Deputy Prime Minister
Mateusz Morawiecki said on Wednesday.
Read more
stand-off escalates then it is not excluded that it may impact
investment decisions made by investors, Deputy Prime Minister
Mateusz Morawiecki said on Wednesday.
Read more
Fitch Revises Indonesia's Outlook to Positive; Affirms at 'BBB-'
(The following statement was released by the rating agency)
HONG KONG, December 21 (Fitch) Fitch Ratings' Outlook on
Indonesia's Long-Term
Foreign- and Local-Currency Issuer Default Ratings (IDRs) has
been revised to
Positive, with both ratings affirmed at 'BBB-'. The issue
ratings on Indonesia's
senior unsecured foreign- and local-currency bonds and
foreign-currency sukuks -
issued through Perusahaan Penerbit SBSN Indonesia II and III -
have also been
affirmed at 'BBB-'. The Country Ceilin
Read more
HONG KONG, December 21 (Fitch) Fitch Ratings' Outlook on
Indonesia's Long-Term
Foreign- and Local-Currency Issuer Default Ratings (IDRs) has
been revised to
Positive, with both ratings affirmed at 'BBB-'. The issue
ratings on Indonesia's
senior unsecured foreign- and local-currency bonds and
foreign-currency sukuks -
issued through Perusahaan Penerbit SBSN Indonesia II and III -
have also been
affirmed at 'BBB-'. The Country Ceilin
Read more
India cenbank rolls back cash deposit curb with immediate effect
MUMBAI, Dec 21 (Reuters) - The Reserve Bank of India on
Wednesday rolled back a recent curb on cash deposits that had
been put in place just 10 days before the end of the
government's demonetisation deadline of Dec. 30.
Read more
Wednesday rolled back a recent curb on cash deposits that had
been put in place just 10 days before the end of the
government's demonetisation deadline of Dec. 30.
Read more
BRIEF-UniCredit Banka Slovenia sells 110 mln euro NPL portfolio
* UniCredit Banka Slovenia agreed to sell non-performing
loan portfolio with gross book value of around 110 million euros
to B2 KAPITAL, impact to be reflected in Q4 accounts
Further company coverage:
(Reporting by Milan Newsroom)
Read more
loan portfolio with gross book value of around 110 million euros
to B2 KAPITAL, impact to be reflected in Q4 accounts
Further company coverage:
(Reporting by Milan Newsroom)
Read more
Tuesday, December 20, 2016
BRIEF-Telford Homes announces Redclyffe Road property sale
* Pleased to announce that it has exchanged contracts for
sale of Forge, Redclyffe Road, E6, to M&G Real Estate
Read more
sale of Forge, Redclyffe Road, E6, to M&G Real Estate
Read more
At least one China state lender provided liquidity to fund houses on Wed - sources
SHANGHAI, Dec 21 (Reuters) - At least one Chinese state
lender provided liquidity support worth over several billion
yuan to fund management firms via bond repurchase agreements on
Wednesday, two sources with knowledge of the matter told
Reuters.
Read more
lender provided liquidity support worth over several billion
yuan to fund management firms via bond repurchase agreements on
Wednesday, two sources with knowledge of the matter told
Reuters.
Read more
BRIEF-Nihon Housing to buy 80 pct stake in PROPELL INTEGRATED PTE LTD
* Says it plans to raise stake in Singapore-based firm,
PROPELL INTEGRATED PTE LTD, to 80 percent from 0 percent
Read more
PROPELL INTEGRATED PTE LTD, to 80 percent from 0 percent
Read more
BRIEF-DSC Investment sells 34.5 pct stake to Yoon Gun Soo and other 3 individuals
* Says Yoon Gun Soo and other 3 individuals has acquired 6
million shares of the co, holding 34.5 percent stake from 0
percent stake
Read more
million shares of the co, holding 34.5 percent stake from 0
percent stake
Read more
Taiwan stocks fall ahead of rate meeting, lack of strong overseas cues
TAIPEI, Dec 21 (Reuters) - Taiwan stocks fell mildly on
Wednesday ahead of the central bank's rate-setting meeting and
with lack of strong cues from overseas markets.
The main TAIEX index fell 0.1 percent to 9,235.49 as
of 0406 GMT, after closing mostly flat in the previous session.
The electronics subindex was down 0.1 percent, while
the financials subindex lost 0.2 percent.
The losses came despite stronger-than-expected export orders
for November issued after the market closed on T
Read more
Wednesday ahead of the central bank's rate-setting meeting and
with lack of strong cues from overseas markets.
The main TAIEX index fell 0.1 percent to 9,235.49 as
of 0406 GMT, after closing mostly flat in the previous session.
The electronics subindex was down 0.1 percent, while
the financials subindex lost 0.2 percent.
The losses came despite stronger-than-expected export orders
for November issued after the market closed on T
Read more
UPDATE 1-Ukrainian MPs pass 2017 budget to boost IMF aid hopes
KIEV, Dec 21 (Reuters) - Ukraine's parliament approved a
budget for 2017 on Wednesday, raising its chance of securing
more aid from the International Monetary Fund under a $17.5
billion loan package.
Read more
budget for 2017 on Wednesday, raising its chance of securing
more aid from the International Monetary Fund under a $17.5
billion loan package.
Read more
Morning News Call - India, December 21
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12212016.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
(India Morning Newsletter will not be published through the year-end holiday
season from December 26, 2016 to December 30, 2016. Normal service will resume
from January 2, 2017. Season's Greetings and Happy New Year.)
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12212016.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
(India Morning Newsletter will not be published through the year-end holiday
season from December 26, 2016 to December 30, 2016. Normal service will resume
from January 2, 2017. Season's Greetings and Happy New Year.)
Read more
Australia shares higher as Wall St continues to inspire; NZ up
Dec 21 (Reuters) - Australian shares were at their highest
in over 16 months on Wednesday, albeit in thin trade, pushed up
by a mix of materials and financial stocks following stellar
gains on Wall Street overnight.
Read more
in over 16 months on Wednesday, albeit in thin trade, pushed up
by a mix of materials and financial stocks following stellar
gains on Wall Street overnight.
Read more
BRIEF-Unizo Holdings unit to buy building in US for $148 mln
* Says its U.S.-based unit UNIZO Real Estate DC Six, LLC
plans to buy a building in Washington, DC, the U.S.
Read more
plans to buy a building in Washington, DC, the U.S.
Read more
China March 10-yr treasury futures rebound on Sealand Sec statement
SHANGHAI, Dec 21 (Reuters) - The price of China's 10-year
treasury futures for March delivery rose 0.8 percent in
opening deals on Wednesday.
Read more
treasury futures for March delivery rose 0.8 percent in
opening deals on Wednesday.
Read more
BRIEF-Credit China Fintech refutes allegations in Anonymous Analytics (AA) report
* Application has been made for resumption of trading in
shares on stock exchange with effect from 9:00 A.M. On 21 Dec
Source text for Eikon:
Further company coverage:
Read more
shares on stock exchange with effect from 9:00 A.M. On 21 Dec
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Cup Capital to execute definitive agreement for proposed qualifying transaction with GBT GmbH
* Deemed value ascribed to Cup shall be $0.64 per share,
deemed value ascribed to GBLT shall be C$60 million plus 120 pct
of gross proceeds of GBLT financing
Read more
deemed value ascribed to GBLT shall be C$60 million plus 120 pct
of gross proceeds of GBLT financing
Read more
UPDATE 3-U.S. sanctions companies, people over Russia actions in Ukraine
WASHINGTON, Dec 20 (Reuters) - The United States on Tuesday
targeted more Russian businessmen and companies over Russia's
annexation of Crimea and the conflict in Ukraine, slapping them
with U.S. sanctions in a move Moscow criticized as hostile.
Read more
targeted more Russian businessmen and companies over Russia's
annexation of Crimea and the conflict in Ukraine, slapping them
with U.S. sanctions in a move Moscow criticized as hostile.
Read more
BRIEF-America First Multifamily Investors - co enters into secured credit agreement of up to $20 mln
* America First Multifamily Investors - on Dec. 14, 2016 co
entered into secured credit agreement of up to $20 million - sec
filing
Source text for Eikon: [ID:http://bit.ly/2i7w3Qj]
Further company coverage:
Read more
entered into secured credit agreement of up to $20 million - sec
filing
Source text for Eikon: [ID:http://bit.ly/2i7w3Qj]
Further company coverage:
Read more
U.S. tightens sanctions against North Korea's U.N. diplomats
WASHINGTON, Dec 20 (Reuters) - The U.S. Treasury Department
tightened sanctions against North Korean diplomats to the United
Nations, requiring banks to get special permission before
granting them accounts, the agency said in a notice posted
online Tuesday.
Read more
tightened sanctions against North Korean diplomats to the United
Nations, requiring banks to get special permission before
granting them accounts, the agency said in a notice posted
online Tuesday.
Read more
Fitch Affirms Banesco USA's LT IDR at 'B+'; Outlook Revised to Positive
(The following statement was released by the rating agency)
NEW YORK, December 20 (Fitch) Fitch Ratings has affirmed Banesco
USA's (BNSC)
Long- and Short-Term Issuer Default Ratings (IDRs) at 'B+'/'B'.
The Rating
Outlook has been revised to Positive from Stable. A full list of
rating actions
follows at the end of this release.
KEY RATING DRIVERS
IDRS AND VIABILITY RATINGS
Today's action reflects BNSC's improvements in business and
financial
performance. To date, the company has exhibited im
Read more
NEW YORK, December 20 (Fitch) Fitch Ratings has affirmed Banesco
USA's (BNSC)
Long- and Short-Term Issuer Default Ratings (IDRs) at 'B+'/'B'.
The Rating
Outlook has been revised to Positive from Stable. A full list of
rating actions
follows at the end of this release.
KEY RATING DRIVERS
IDRS AND VIABILITY RATINGS
Today's action reflects BNSC's improvements in business and
financial
performance. To date, the company has exhibited im
Read more
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