BEIJING, May 1 (Reuters) - Activity in China's services
industry expanded strongly in April, but at a slightly slower
pace than in March, an official survey showed on Sunday.
Read more
Saturday, April 30, 2016
Investors buy 7.66 pct of Pop Vicenza's 1.5 bln euro cash call
MILAN, May 1 (Reuters) - Italy's Banca Popolare di Vicenza
said on Saturday investors had bought 7.66 percent
of the 1.5 billion euro ($1.7 billion) cash call the lender is
carrying out at a price of 0.1 euros per share.
Read more
said on Saturday investors had bought 7.66 percent
of the 1.5 billion euro ($1.7 billion) cash call the lender is
carrying out at a price of 0.1 euros per share.
Read more
UPDATE 1-Buffett, Munger slam Valeant; drugmaker turned into 'a sewer'
NEW YORK, April 30 (Reuters) - Warren Buffett and Charlie
Munger made clear that they are no fans of embattled drugmaker
Valeant Pharmaceuticals International Inc .
Read more
Munger made clear that they are no fans of embattled drugmaker
Valeant Pharmaceuticals International Inc .
Read more
Buffett says hedge funds are a bad deal for investors
April 30 (Reuters) - Warren Buffett nibbled on sweets during
his presentation to shareholders on Saturday but he took a bite
out of hedge fund managers.
Read more
his presentation to shareholders on Saturday but he took a bite
out of hedge fund managers.
Read more
Buffett says would pursue big Berkshire stock buyback if warranted
OMAHA, Neb., April 30 (Reuters) - Warren Buffett on Saturday
said the odds were "extremely high" that his Berkshire Hathaway
Inc would buy back "a lot" of its stock if the price
fell below 1.2 times book value, a level it recently approached.
Read more
said the odds were "extremely high" that his Berkshire Hathaway
Inc would buy back "a lot" of its stock if the price
fell below 1.2 times book value, a level it recently approached.
Read more
Buffett, Munger slam Valeant; drugmaker turned into 'a sewer'
NEW YORK, April 30 (Reuters) - Warren Buffett and Charlie
Munger made clear that they are no fans of embattled drugmaker
Valeant Pharmaceuticals International Inc .
Read more
Munger made clear that they are no fans of embattled drugmaker
Valeant Pharmaceuticals International Inc .
Read more
BRIEF-Smart Employee Benefits Q1 revenue increased 107.1 % to $23.4 mln
* Q1 revenue increased by 107.1 % to $23.4 million
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
Friday, April 29, 2016
Hong Kong yuan deposits down 5.5 pct to 759.4 bln yuan in March
HONG KONG, April 30 (Reuters) - Yuan deposits in Hong Kong,
the world's biggest offshore yuan centre, fell 5.5 percent to
759.4 billion yuan ($117.30 billion) in March from the previous
month, according to the Hong Kong Monetary Authority.
Read more
the world's biggest offshore yuan centre, fell 5.5 percent to
759.4 billion yuan ($117.30 billion) in March from the previous
month, according to the Hong Kong Monetary Authority.
Read more
N.Y. governor confirms $1 bln economic project is subject of U.S. probe
NEW YORK, April 29 (Reuters) - New York Governor Andrew
Cuomo's administration on Friday confirmed the existence of a
federal investigation into one of his signature projects, a $1
billion economic development plan for the Buffalo area known as
"Buffalo Billion," and ordered a full internal review.
Read more
Cuomo's administration on Friday confirmed the existence of a
federal investigation into one of his signature projects, a $1
billion economic development plan for the Buffalo area known as
"Buffalo Billion," and ordered a full internal review.
Read more
BRIEF-Dan Loeb's Third Point up 1.9% for april- CNBC
* Dan Loeb's Third Point up 1.9 pct for April, slightly down
for the year to date - CNBC
(Bengaluru Newsroom; +1 646 223 8780)
Read more
for the year to date - CNBC
(Bengaluru Newsroom; +1 646 223 8780)
Read more
BRIEF-AON Plc CEO's FY 2015 total compensation $29.7 mln vs $14 mln in FY 2014
* Ceo regory case's fy 2015 total compensation $29.7 million
versus $14.0 million in fy 2014 - sec filing
Read more
versus $14.0 million in fy 2014 - sec filing
Read more
BRIEF-Vtti Energy Partners files for mixed shelf of up to $500 mln
* Files for mixed shelf of up to $500 million - sec filing
Source text : http://1.usa.gov/1YWDt3I
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
Source text : http://1.usa.gov/1YWDt3I
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
BRIEF-Cyclacel Pharmaceuticals files for mixed shelf of up to $53.6 mln - SEC Filing
* Files for mixed shelf of up to $53.6 million - sec filing
Source text (http://1.usa.gov/1pQ9azJ)
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780; )
Read more
Source text (http://1.usa.gov/1pQ9azJ)
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780; )
Read more
Peru's central bank says court ruling undermines its autonomy
LIMA, April 29 (Reuters) - Peru's central bank chief on
Friday called a recent court ruling "an outrage" for including
the bank's employees in a merit-based labor regime for the civil
service, saying it undermines the bank's autonomy.
Read more
Friday called a recent court ruling "an outrage" for including
the bank's employees in a merit-based labor regime for the civil
service, saying it undermines the bank's autonomy.
Read more
BRIEF-Genworth Financial Inc, on April 28, co, unit terminated credit agreement dated as of September 26, 2013
* On April 28, 2016, co, unit terminated credit agreement
dated as of September 26, 2013 - sec filing
Read more
dated as of September 26, 2013 - sec filing
Read more
BRIEF-Point72 Asset Management reports 5.8 pct passive stake in Pernix Therapeutics
* Point72 Asset Management Lp Reports 5.8 Pct Passive Stake
In Pernix Therapeutics Holdings As Of April 28 - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
In Pernix Therapeutics Holdings As Of April 28 - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Truce violations prohibit talk about political process - Syrian opposition's Hijab
BEIRUT, April 29 (Reuters) - Syrian opposition figure Riad
Hijab said on his Twitter account on Friday negations about the
political future of Syria cannot take place while truce
violations continue.
Read more
Hijab said on his Twitter account on Friday negations about the
political future of Syria cannot take place while truce
violations continue.
Read more
Fitch Rates Uruguay's Provincia Casa Financiera 'B'; Outlook Stable
(The following statement was released by the rating agency)
MONTERREY/SANTIAGO, April 29 (Fitch) Fitch Ratings has assigned
Provincia Casa
Financiera (Provincia) Foreign Currency (FC) and Local Currency
(LC) Long-Term
Issuer Default Ratings (IDRs) of 'B' and a Support Rating (SR)
of '5'. A full
list of rating actions follows at the end of this press release.
KEY RATING DRIVERS - IDRS
Provincia is a branch of Banco de la Provincia de Buenos Aires
(BAPRO) and part
of the same legal entity. Th
Read more
MONTERREY/SANTIAGO, April 29 (Fitch) Fitch Ratings has assigned
Provincia Casa
Financiera (Provincia) Foreign Currency (FC) and Local Currency
(LC) Long-Term
Issuer Default Ratings (IDRs) of 'B' and a Support Rating (SR)
of '5'. A full
list of rating actions follows at the end of this press release.
KEY RATING DRIVERS - IDRS
Provincia is a branch of Banco de la Provincia de Buenos Aires
(BAPRO) and part
of the same legal entity. Th
Read more
Fitch Affirms 17 BlueBay Funds; Downgrades 1; Withdraws All Ratings
(The following statement was released by the rating agency)
PARIS, April 29 (Fitch) Fitch Ratings has affirmed the ratings
of 17 out of the
18 funds managed by BlueBay Asset Management LLP and downgraded
the other. All
ratings have been withdrawn.
BlueBay Investment Grade Bond Fund was downgraded to "Strong"
from "Excellent".
BlueBay Investment Grade Absolute Return Bond Fund was affirmed
at "Good" while
the other 16 funds were affirmed at "Strong". The 16 funds are
as follows:
- BlueBay I
Read more
PARIS, April 29 (Fitch) Fitch Ratings has affirmed the ratings
of 17 out of the
18 funds managed by BlueBay Asset Management LLP and downgraded
the other. All
ratings have been withdrawn.
BlueBay Investment Grade Bond Fund was downgraded to "Strong"
from "Excellent".
BlueBay Investment Grade Absolute Return Bond Fund was affirmed
at "Good" while
the other 16 funds were affirmed at "Strong". The 16 funds are
as follows:
- BlueBay I
Read more
Banco BPI CEO confident of resolving risky Angolan exposure
LISBON, April 29 (Reuters) - Banco BPI expects to resolve
its excessive exposure to risky Angolan assets, its chief
executive said on Friday, and may try to swap Angolan
shareholder Isabel dos Santos' stake in the Portuguese bank for
control of its Angolan unit BFA.
Read more
its excessive exposure to risky Angolan assets, its chief
executive said on Friday, and may try to swap Angolan
shareholder Isabel dos Santos' stake in the Portuguese bank for
control of its Angolan unit BFA.
Read more
U.S. Fed awards $65.56 bln in reverse repos
NEW YORK, April 29 (Reuters) - The Federal Reserve on Friday
awarded $65.56 billion of three-day, fixed-rate reverse
repurchase agreements to 47 bidders at an interest rate of 0.25
percent, the New York Fed said on its website.
Read more
awarded $65.56 billion of three-day, fixed-rate reverse
repurchase agreements to 47 bidders at an interest rate of 0.25
percent, the New York Fed said on its website.
Read more
BRIEF-NWAI Dom Maklerski Q1 net result turns to loss of 276,298 zlotys
* Q1 revenue from brokerage activities 729,460 zlotys
($191,208) versus 1.3 million zlotys a year ago
Read more
($191,208) versus 1.3 million zlotys a year ago
Read more
Brexit vote not affecting U.S.-Europe trade talks -negotiators
NEW YORK, April 29 (Reuters) - U.S. and European trade
negotiators said on Friday that the looming referendum on
whether Britain should leave the European Union was not
affecting their talks towards reaching a sweeping trans-Atlantic
free trade deal.
Read more
negotiators said on Friday that the looming referendum on
whether Britain should leave the European Union was not
affecting their talks towards reaching a sweeping trans-Atlantic
free trade deal.
Read more
Malawi's central bank leaves benchmark lending rate unchanged at 27.0 pct
LILONGWE, April 29 (Reuters) - Malawi's central bank kept
its benchmark lending rate unchanged at 27 percent on Friday
saying it would continue to monitor food inflation and economic
growth in the midst of a severe drought that has ravaged its key
agriculture sector.
Read more
its benchmark lending rate unchanged at 27 percent on Friday
saying it would continue to monitor food inflation and economic
growth in the midst of a severe drought that has ravaged its key
agriculture sector.
Read more
BRIEF-Shanghai Material Trading swings to net loss in 2015
* Says it swings to net loss of 1.6 billion yuan ($246.95
million) in 2015 versus net profit of 14.3 million yuan year ago
Read more
million) in 2015 versus net profit of 14.3 million yuan year ago
Read more
UPDATE 2-Brazil's unemployment jumps in Q1 as 11 mln seek jobs
BRASILIA, April 29 (Reuters) - Brazil's unemployment rate
rose sharply in the first quarter, government data showed on
Friday, with 11.1 million workers unsuccessfully looking for a
job as a severe recession entered its second year.
Read more
rose sharply in the first quarter, government data showed on
Friday, with 11.1 million workers unsuccessfully looking for a
job as a severe recession entered its second year.
Read more
BRIEF-FCMB Group says Q1 group profit before minimum tax and income tax 2.21 bln naira
* Q1 group profit before minimum tax and income tax 2.21
billion naira versus 5.77 billion naira a year ago
Read more
billion naira versus 5.77 billion naira a year ago
Read more
UPDATE 1-China forex regulator eases restrictions on bank FX positions
BEIJING, April 29 (Reuters) - China's foreign exchange
regulator said on Friday it will allow banks to issue more
FX-related products for risk-hedging purposes.
Read more
regulator said on Friday it will allow banks to issue more
FX-related products for risk-hedging purposes.
Read more
Fitch Peringkat Bank DKI di 'A+(idn)'
(The following statement was released by the rating agency)
JAKARTA, April 29 (Fitch) Fitch Ratings Indonesia telah
menetapkan peringkat
Nasional Jangka Panjang untuk Bank Pembangunan Daerah PT Bank
DKI (Bank DKI) di
'A+(idn)' dan peringkat Nasional Jangka Pendek di 'F1(idn)'.
Pada saat yang
bersamaan, Fitch Ratings Indonesia juga memberikan peringkat
debt class senior
tanpa jaminan di 'A+(idn)'.
Peringkat nasional di kategori 'A' menunjukkan ekspektasi akan
resiko gagal
bayar yang rendah
Read more
JAKARTA, April 29 (Fitch) Fitch Ratings Indonesia telah
menetapkan peringkat
Nasional Jangka Panjang untuk Bank Pembangunan Daerah PT Bank
DKI (Bank DKI) di
'A+(idn)' dan peringkat Nasional Jangka Pendek di 'F1(idn)'.
Pada saat yang
bersamaan, Fitch Ratings Indonesia juga memberikan peringkat
debt class senior
tanpa jaminan di 'A+(idn)'.
Peringkat nasional di kategori 'A' menunjukkan ekspektasi akan
resiko gagal
bayar yang rendah
Read more
IAG and Restaurant Group weigh on European equities
LONDON, April 29 (Reuters) - European equities fell sharply
on Friday and headed for their biggest weekly decline in one
month, with the travel and leisure stocks leading the market
lower after updates from British Airways-owner IAG and
Restaurant Group.
Read more
on Friday and headed for their biggest weekly decline in one
month, with the travel and leisure stocks leading the market
lower after updates from British Airways-owner IAG and
Restaurant Group.
Read more
Norway to sell NOK 900 mln of FX per day in May
OSLO, April 29(Reuters) - Norway's central bank will sell
foreign exchange equivalent of 900 million Norwegian crowns per
day in May, the same as in April, the bank said on Friday.
Read more
foreign exchange equivalent of 900 million Norwegian crowns per
day in May, the same as in April, the bank said on Friday.
Read more
UPDATE 1-AB InBev offers more SAB Europe assets to win EU deal approval
BRUSSELS, April 29 (Reuters) - Anheuser-Busch InBev
, the world's largest brewer, intends to sell the
Eastern European brewing assets of SABMiller to secure
regulatory approval for its $100 billion-plus takeover of its
rival.
Read more
, the world's largest brewer, intends to sell the
Eastern European brewing assets of SABMiller to secure
regulatory approval for its $100 billion-plus takeover of its
rival.
Read more
BRIEF-OGK-2 recommends FY 2015 dividend
* Says recommends 2015 dividend of 0.00567376233395 rouble ($0.0001) per share
Source text: http://bit.ly/1XXF1dG
Further company coverage:
($1 = 64.3733 roubles)
(Gdynia Newsroom)
Read more
Source text: http://bit.ly/1XXF1dG
Further company coverage:
($1 = 64.3733 roubles)
(Gdynia Newsroom)
Read more
BRIEF-Is Yatirim Menkul Degerler Q1 net profit up at 12.6 mln lira
* Said on Thursday Q1 revenue at 12.00 billion lira ($4.27
billion) versus 18.60 billion lira year ago
Read more
billion) versus 18.60 billion lira year ago
Read more
Thursday, April 28, 2016
Iran asks U.N. chief to intervene with U.S. after court ruling
UNITED NATIONS, April 28 (Reuters) - Iran asked U.N. chief
Ban Ki-moon on Thursday to convince the United States to stop
violating state immunity after the top U.S. court ruled that $2
billion in frozen Iranian assets must be paid to American
victims of attacks blamed on Tehran.
Read more
Ban Ki-moon on Thursday to convince the United States to stop
violating state immunity after the top U.S. court ruled that $2
billion in frozen Iranian assets must be paid to American
victims of attacks blamed on Tehran.
Read more
Ecuador says in talks with IMF over quake reconstruction funds
QUITO, April 28 (Reuters) - Ecuador is negotiating credit
lines to finance reconstruction after this month's devastating
earthquake with multilateral agencies that include the
International Monetary Fund, a government official said on
Thursday.
Read more
lines to finance reconstruction after this month's devastating
earthquake with multilateral agencies that include the
International Monetary Fund, a government official said on
Thursday.
Read more
Hot demand should keep bond issuance flowing
NEW YORK, April 28 (IFR) - Even after a red-hot US corporate
bond rally in recent weeks, issuance is likely to keep surging
as investors eagerly lap up new offerings in order to put their
piles of cash to work.
Read more
bond rally in recent weeks, issuance is likely to keep surging
as investors eagerly lap up new offerings in order to put their
piles of cash to work.
Read more
Minnesota police obtain sealed search warrant for Prince's residence
April 28 (Reuters) - Authorities in Minnesota obtained a
search warrant in connection with the death of pop star Prince
and also won a court order to keep the findings secret,
documents showed Thursday.
Read more
search warrant in connection with the death of pop star Prince
and also won a court order to keep the findings secret,
documents showed Thursday.
Read more
BRIEF-Veneto Banca at present does not need Atlante fund for cash call
* with conditions as they are at the moment the bank does
not need help from the Italian banking fund Atlante to secure
its planned capital increase
Read more
not need help from the Italian banking fund Atlante to secure
its planned capital increase
Read more
UPDATE 1-Egyptian central bank keeps key interest rates unchanged
CAIRO, April 28 (Reuters) - Egypt's central bank kept its
key interest rates unchanged on Thursday in its first decision
since it raised rates by 150 basis points last month.
Read more
key interest rates unchanged on Thursday in its first decision
since it raised rates by 150 basis points last month.
Read more
BRIEF-Immobel sells 100% of shares in Westside
* Sold 100 pct of shares in Westside
Source text: http://bit.ly/239YBoj
Further company coverage:
(Gdynia Newsroom)
Read more
Source text: http://bit.ly/239YBoj
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-West Bancorporation posts Q1 earnings per share $0.35
* West Bancorporation, Inc. Announces record first quarter,
net income up 11.6 percent; increases quarterly dividend
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
net income up 11.6 percent; increases quarterly dividend
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Fitch: Barclays 1Q16 Core Profitability Resilient in a Difficult Quarter
(The following statement was released by the rating agency)
LONDON, April 28 (Fitch) Fitch Ratings says Barclays' 1Q16 core
bank results
proved resilient in a difficult quarter, in the absence of
material conduct
provisions. However, the group incurred larger losses in the
non-core bank (BNC)
and overall pre-tax profits from continuing operations (ie,
excluding Barclays
Africa) fell 25% year-on-year in 1Q16.
The group is on track with reducing the BNC drag on group
profitability, with
dis
Read more
LONDON, April 28 (Fitch) Fitch Ratings says Barclays' 1Q16 core
bank results
proved resilient in a difficult quarter, in the absence of
material conduct
provisions. However, the group incurred larger losses in the
non-core bank (BNC)
and overall pre-tax profits from continuing operations (ie,
excluding Barclays
Africa) fell 25% year-on-year in 1Q16.
The group is on track with reducing the BNC drag on group
profitability, with
dis
Read more
BRIEF-Global Water Resources shares open at $8.13 in debut
* Global water resources inc shares open at $8.13 in debut,
higher than the ipo price of $6.25
Further company coverage:
Read more
higher than the ipo price of $6.25
Further company coverage:
Read more
Italy to present new rules on Friday to speed collateral recovery- govt source
ROME, April 28 (Reuters) - Italian Prime Minister Matteo
Renzi's cabinet will on Friday present new rules to speed up
banks' recovery of collateral and to repay bondholders of four
banks rescued by the government last year, a government source
said on Thursday.
Read more
Renzi's cabinet will on Friday present new rules to speed up
banks' recovery of collateral and to repay bondholders of four
banks rescued by the government last year, a government source
said on Thursday.
Read more
BRIEF-Lehman Brothers Trustee announces plans for additional distribution
* Lehman Brothers Trustee says if approved by court,
distribution would bring cumulative payout to unsecured general
creditors to 38 percent
Read more
distribution would bring cumulative payout to unsecured general
creditors to 38 percent
Read more
BRIEF-West Bancorporation qtrly earnings per share $0.35
* Qtrly net interest income $13.7 million versus $13 million
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
BRIEF-MBF Group sells all shares held in Getbol for 182,000 zlotys
* Signs six sale agreements for all shares held in Getbol
Sp. z o.o. for 182,000 zlotys
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Sp. z o.o. for 182,000 zlotys
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Don't pressure Britain before EU vote, German foreign minister warns
BERLIN, April 28 (Reuters) - German Foreign Minister
Frank-Walter Steinmeier cautioned on Thursday against piling
pressure on Britain in the run-up to the country's referendum on
European Union membership in June.
Read more
Frank-Walter Steinmeier cautioned on Thursday against piling
pressure on Britain in the run-up to the country's referendum on
European Union membership in June.
Read more
EU parliament approves rules to stop market benchmarks rigging
LONDON, April 28 (Reuters) - The first set of European Union
rules to avoid further attempts by banks and brokers to rig
currency markets and interest rate benchmarks were approved on
Thursday.
Read more
rules to avoid further attempts by banks and brokers to rig
currency markets and interest rate benchmarks were approved on
Thursday.
Read more
BRIEF-First Cash Financial Services, Cash America to combine to create leading operator of retail pawn stores
* First Cash Financial Services and Cash America
International to combine in merger of equals to create leading
operator of retail pawn stores in the United States and Latin
America
Read more
International to combine in merger of equals to create leading
operator of retail pawn stores in the United States and Latin
America
Read more
BRIEF-Barclays targets "clean and prosperous" 2018 as restructuring continues
* We are well on track to meet our 2016 guidance for core
business of a cost level of £12.8 billion, and we have an eye on
our longer term target of a group cost to income ratio below
60%.
Read more
business of a cost level of £12.8 billion, and we have an eye on
our longer term target of a group cost to income ratio below
60%.
Read more
Brazil's Bradesco misses estimates as provisions jump
SAO PAULO, April 28 (Reuters) - Banco Bradesco SA missed
first-quarter profit estimates on Thursday, after a harsh
recession and rising defaults forced Brazil's third-largest
listed bank to raise loan-loss provisions and step up
renegotiations with some large corporate borrowers.
Read more
first-quarter profit estimates on Thursday, after a harsh
recession and rising defaults forced Brazil's third-largest
listed bank to raise loan-loss provisions and step up
renegotiations with some large corporate borrowers.
Read more
Fitch Rates BOAD's Debut Euronotes 'BBB'
(The following statement was released by the rating agency)
PARIS, April 28 (Fitch) Fitch Ratings has assigned Banque Ouest
Africaine de
Developpement's (BOAD; BBB/Stable/F2) debut Euronotes a 'BBB'
rating, subject to
the receipt of final documentation.
The US dollar-denominated notes are unsecured unsubordinated
obligations of
BOAD, and are rated in line with its 'BBB' Long-term Issuer
Default Rating
(IDR). The net proceeds will be used for general corporate
purposes and project
financing
Read more
PARIS, April 28 (Fitch) Fitch Ratings has assigned Banque Ouest
Africaine de
Developpement's (BOAD; BBB/Stable/F2) debut Euronotes a 'BBB'
rating, subject to
the receipt of final documentation.
The US dollar-denominated notes are unsecured unsubordinated
obligations of
BOAD, and are rated in line with its 'BBB' Long-term Issuer
Default Rating
(IDR). The net proceeds will be used for general corporate
purposes and project
financing
Read more
Fitch Rates Commercial Bank International 'A-'; Outlook Stable
(The following statement was released by the rating agency)
DUBAI/LONDON, April 28 (Fitch) Fitch Ratings has assigned
Commercial Bank
International (CBI) a Long-term Issuer Default Rating (IDR) of
'A-' and a
Viability Rating (VR) of 'b+'. The Outlook on the Long-term IDR
is Stable. A
full list of rating actions is at the end of this rating action
commentary.
KEY RATING DRIVERS
IDRS AND SUPPORT RATING
CBI's IDRs and Support Rating reflect Fitch's view that CBI is a
key affiliate
of Qatar Nati
Read more
DUBAI/LONDON, April 28 (Fitch) Fitch Ratings has assigned
Commercial Bank
International (CBI) a Long-term Issuer Default Rating (IDR) of
'A-' and a
Viability Rating (VR) of 'b+'. The Outlook on the Long-term IDR
is Stable. A
full list of rating actions is at the end of this rating action
commentary.
KEY RATING DRIVERS
IDRS AND SUPPORT RATING
CBI's IDRs and Support Rating reflect Fitch's view that CBI is a
key affiliate
of Qatar Nati
Read more
UPDATE 4-Yen soars, stocks slump as BOJ holds policy, pushes back inflation target
* BOJ cuts inflation f'casts in quarterly review
* Keeps base money target, negative rate unchanged
* BOJ expects 2 pct inflation to be hit "during" FY 2017/18
* BOJ adopts loan scheme to help quake-hit areas
(Adds Kuroda quotes)
By Leika Kihara and Stanley White
TOKYO, April 28 (Reuters) - The Bank of Japan held off from
expanding monetary stimulus on Thursday, defying market
expectations for action even as soft global demand, an unwelcome
yen rise and weak consumption thr
Read more
* Keeps base money target, negative rate unchanged
* BOJ expects 2 pct inflation to be hit "during" FY 2017/18
* BOJ adopts loan scheme to help quake-hit areas
(Adds Kuroda quotes)
By Leika Kihara and Stanley White
TOKYO, April 28 (Reuters) - The Bank of Japan held off from
expanding monetary stimulus on Thursday, defying market
expectations for action even as soft global demand, an unwelcome
yen rise and weak consumption thr
Read more
Belgium opens books on dual tranche bond issue
LONDON, April 28 (IFR) - The Kingdom of Belgium has opened
books on a dual-tranche seven-year and 50-year bond issue
according to a lead manager.
Read more
books on a dual-tranche seven-year and 50-year bond issue
according to a lead manager.
Read more
Wednesday, April 27, 2016
Schroders assets hit record in Q1, buoyed by institutional inflows
LONDON, April 28 (Reuters) - Schroders, Britain's
biggest listed asset manager, posted a rise in first-quarter
assets on Thursday, boosted by investment returns and inflows
from institutional clients.
Read more
biggest listed asset manager, posted a rise in first-quarter
assets on Thursday, boosted by investment returns and inflows
from institutional clients.
Read more
BRIEF-Platzer Q1 income from property management up 14 pct to SEK 67 mln
* Q1 rental income 157 million Swedish crowns ($19.46 million) versus 139 million crowns a
year ago
Read more
year ago
Read more
BRIEF-Sparebanken Vest Q1 pre-tax profit NOK 322 mln, above expectations
* Q1 pre-tax profit 322 million Norwegian crowns ($39.55 million) (Reuters poll 290 million
crowns)
Read more
crowns)
Read more
Spain's Caixabank net profit falls 27 pct, just missing forecasts
MADRID, April 28 (Reuters) - Caixabank, the
country's third-largest lender, on Thursday posted a 27 percent
fall in first quarter net profit from a year earlier, hit by a
further squeezing on its financial margins.
Read more
country's third-largest lender, on Thursday posted a 27 percent
fall in first quarter net profit from a year earlier, hit by a
further squeezing on its financial margins.
Read more
Moody's says it will appeal HK tribunal decision on "red flags" report
HONG KONG, April 28 (Reuters) - Moody's Investor Services
said on Thursday it was appealing a tribunal decision that
upheld a Securities and Futures Commission (SFC) disciplinary
action against the company for a report it published on Chinese
companies.
Read more
said on Thursday it was appealing a tribunal decision that
upheld a Securities and Futures Commission (SFC) disciplinary
action against the company for a report it published on Chinese
companies.
Read more
London overtakes Singapore as 2nd biggest offshore yuan clearing centre - SWIFT
HONG KONG, April 28 (Reuters) - London has overtaken
Singapore as the second-largest offshore yuan clearing centre in
terms of payments processing volumes, just behind Hong Kong, the
global transaction services organisation SWIFT said on Thursday.
Read more
Singapore as the second-largest offshore yuan clearing centre in
terms of payments processing volumes, just behind Hong Kong, the
global transaction services organisation SWIFT said on Thursday.
Read more
Fitch: Korea Policy Banks May Need More Capital for Legacy Assets
(The following statement was released by the rating agency)
SEOUL/SINGAPORE, April 27 (Fitch) A major regulator-led
corporate restructuring
of several large industrial sectors in Korea could mean that
policy banks with
the greatest exposures to the troubled sectors will require
additional capital
if they were to be actively engaged in the process to clean up
legacy assets,
says Fitch Ratings. But the restructuring should have only a
limited direct
impact on commercial banks.
The Financial S
Read more
SEOUL/SINGAPORE, April 27 (Fitch) A major regulator-led
corporate restructuring
of several large industrial sectors in Korea could mean that
policy banks with
the greatest exposures to the troubled sectors will require
additional capital
if they were to be actively engaged in the process to clean up
legacy assets,
says Fitch Ratings. But the restructuring should have only a
limited direct
impact on commercial banks.
The Financial S
Read more
BRIEF-Qlik Technologies working with Morgan Stanley to find potential buyers - Bloomberg
* Qlik Technologies Inc is working with Morgan Stanley to
find potential buyers - Bloomberg, citing sources
Read more
find potential buyers - Bloomberg, citing sources
Read more
China property developer Vanke says Q1 core profit up 28 pct
HONG KONG, April 28 (Reuters) - China's largest residential
property developer, China Vanke Co Ltd, said its
first-quarter core profit rose around 28 percent from the year
before, as government measures to support the sector boosted
sales of apartments.
Read more
property developer, China Vanke Co Ltd, said its
first-quarter core profit rose around 28 percent from the year
before, as government measures to support the sector boosted
sales of apartments.
Read more
Fitch Rates OCBC's USD15bn Commercial Paper Programme 'F1+'
(The following statement was released by the rating agency)
SINGAPORE, April 27 (Fitch) Fitch Ratings has assigned
Oversea-Chinese Banking
Corporation Limited's (OCBC; AA-/Stable) USD15bn commercial
paper programme a
Short-Term Rating of 'F1+'.
KEY RATING DRIVERS
The programme rating is the same as OCBC's Short-Term Issuer
Default Rating
(IDR) of 'F1+', as the notes issued under the programme will be
unsecured
short-term promissory notes of the bank and will rank pari passu
with all of
OCB
Read more
SINGAPORE, April 27 (Fitch) Fitch Ratings has assigned
Oversea-Chinese Banking
Corporation Limited's (OCBC; AA-/Stable) USD15bn commercial
paper programme a
Short-Term Rating of 'F1+'.
KEY RATING DRIVERS
The programme rating is the same as OCBC's Short-Term Issuer
Default Rating
(IDR) of 'F1+', as the notes issued under the programme will be
unsecured
short-term promissory notes of the bank and will rank pari passu
with all of
OCB
Read more
BRIEF-Tui AG sells Hotelbeds Group to GNVA Acquisitions Ltd for 1.19 billion euros
* Tui AG has reached an agreement to sell Hotelbeds to GNVA Acquisitions Limited
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
BRIEF-Astoria Financial Corp Q1 earnings per share of $0.16
* Astoria financial corporation reports 2016 first quarter
earnings per common share of $0.16
Read more
earnings per common share of $0.16
Read more
BRIEF-Ziplocal says Marc Wade has resigned as board director, officer
* ZipLocal announces the resignation of board director and
officer, Marc Wade; Laurence Ezer new director
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
officer, Marc Wade; Laurence Ezer new director
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
UPDATE 2-Valeant CEO tells U.S. Senate of regret over raising drug prices
WASHINGTON/NEW YORK, April 27 (Reuters) - Activist investor
William Ackman promised U.S. lawmakers on Wednesday that he will
urge the board of Valeant Pharmaceuticals to reduce the
high prices of four life-saving drugs that are now at the heart
of two congressional probes.
Read more
William Ackman promised U.S. lawmakers on Wednesday that he will
urge the board of Valeant Pharmaceuticals to reduce the
high prices of four life-saving drugs that are now at the heart
of two congressional probes.
Read more
Deals of the day- Mergers and acquisitions
April 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on
Wednesday:
Read more
acquisitions and disposals were reported by 2100 GMT on
Wednesday:
Read more
Governor Kuroda faces big test as Bank of Japan ponders more easing
TOKYO, April 28 (Reuters) - Bank of Japan Governor Haruhiko
Kuroda's credibility will be put to the test on Thursday as his
board debates whether a strong yen, overseas headwinds, and soft
consumption are hurting the economy enough to warrant deploying
additional stimulus.
Read more
Kuroda's credibility will be put to the test on Thursday as his
board debates whether a strong yen, overseas headwinds, and soft
consumption are hurting the economy enough to warrant deploying
additional stimulus.
Read more
Wealth Management News - April 27
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Read more
Libya SWF case against Goldman Sachs back in London court on May 5
LONDON, April 27 (Reuters) - A dispute between Libya's $67
billion sovereign wealth fund and Goldman Sachs over advice
given on trades made in 2008 will be back in London's High Court
on May 5, with amended court papers that emerged on Wednesday
adding new details.
Read more
billion sovereign wealth fund and Goldman Sachs over advice
given on trades made in 2008 will be back in London's High Court
on May 5, with amended court papers that emerged on Wednesday
adding new details.
Read more
BRIEF-American Express Credit sees net income of $51 mln for quarter ended March 31, 2006
* American express credit corp says for quarter ended march
31, 2016, will report net income of $51 million versus. $68
million last year
Read more
31, 2016, will report net income of $51 million versus. $68
million last year
Read more
BRIEF-FG8 sells Kaufman & Broad shares for about 257 million euros
* Success of the sale by Financière Gaillon 8 (FG8) of part of its interest in Kaufman &
Broad
Read more
Broad
Read more
Angola probes management at local unit of failed Portuguese bank-official
LUANDA, April 27 (Reuters) - Angola has opened an
investigation into the conduct of the management at the local
unit of failed Portuguese bank Banco Espirito Santo, Attorney
General Joao Maria de Sousa said on Wednesday.
Read more
investigation into the conduct of the management at the local
unit of failed Portuguese bank Banco Espirito Santo, Attorney
General Joao Maria de Sousa said on Wednesday.
Read more
Snow Park takes 4.6 pct stake in Ashford Hospitality Prime-source
NEW YORK, April 27 (Reuters) - Hedge fund Snow Park Capital
Partners has taken a 4.6 percent stake in Ashford Hospitality
Prime Inc, according to a person familiar with the
matter, and plans to push the company to move more quickly with
a stock buyback plan.
Read more
Partners has taken a 4.6 percent stake in Ashford Hospitality
Prime Inc, according to a person familiar with the
matter, and plans to push the company to move more quickly with
a stock buyback plan.
Read more
UPDATE 2-Carlyle first-quarter earnings beat forecasts
NEW YORK, April 27 (Reuters) - Private equity firm Carlyle
Group LP bucked its sector's trend on Wednesday by
posting first-quarter earnings that beat market forecasts, even
as it reported a drop in the assets managed by the firm that
also set it apart from its peers.
Read more
Group LP bucked its sector's trend on Wednesday by
posting first-quarter earnings that beat market forecasts, even
as it reported a drop in the assets managed by the firm that
also set it apart from its peers.
Read more
Senior Barclays executive denies knowledge of Libor rate rigging
LONDON, April 27 (Reuters) - Barclays' investment bank's
chief operating officer Michael Bagguley told a London court
that he had never sought to influence Libor benchmark interest
rates, instructed others to do so, or seen any evidence of
manipulation.
Read more
chief operating officer Michael Bagguley told a London court
that he had never sought to influence Libor benchmark interest
rates, instructed others to do so, or seen any evidence of
manipulation.
Read more
BRIEF-Charles Schwab CEO, Walter Bettinger sold 10,000 shares in open market
* On April 26, CEO, Walter Bettinger sold 10,000 shares in
open market at prices ranging from $29.745 to $29.81 per share -
sec filing
Source text : http://1.usa.gov/1T4EdiP
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
open market at prices ranging from $29.745 to $29.81 per share -
sec filing
Source text : http://1.usa.gov/1T4EdiP
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
European shares helped by rise in utilities, oils; Athens drops
LONDON/MILAN, April 27 (Reuters) - European shares edged
higher on Wednesday helped by gains among utilities and energy
stocks, while Greek equities lost ground after euro zone
officials delayed a meeting on the country's bailout.
Read more
higher on Wednesday helped by gains among utilities and energy
stocks, while Greek equities lost ground after euro zone
officials delayed a meeting on the country's bailout.
Read more
Total in final stage of $4 bln Yamal LNG financing deal with Russian banks - CFO
PARIS, April 27 (Reuters) - French oil and gas company Total
is in the final stage of negotiating a $4 billion
financing arrangement with Russian banks to fund the Yamal LNG
project, the company's Chief Finance Officer told analysts on
Wednesday.
Read more
is in the final stage of negotiating a $4 billion
financing arrangement with Russian banks to fund the Yamal LNG
project, the company's Chief Finance Officer told analysts on
Wednesday.
Read more
Hungarian PM stands by embattled central bank chief
BUDAPEST, April 27 (Reuters) - Hungarian Prime Minister
Viktor Orban voiced his support for central bank governor,
Gyorgy Matolcsy, on Wednesday, saying he unequivocally backed
him despite opposition calls for him to quit over possible
misuse of public funds.
Read more
Viktor Orban voiced his support for central bank governor,
Gyorgy Matolcsy, on Wednesday, saying he unequivocally backed
him despite opposition calls for him to quit over possible
misuse of public funds.
Read more
Germany's Merkel warns of risks from loose monetary policy
DUESSELDORF, Germany, April 27 (Reuters) - The European
Central Bank's ultra-low interest rates could worsen problems
for already weak banks in Europe, German Chancellor Angela
Merkel said on Wednesday, calling for a tightening of monetary
policy.
Read more
Central Bank's ultra-low interest rates could worsen problems
for already weak banks in Europe, German Chancellor Angela
Merkel said on Wednesday, calling for a tightening of monetary
policy.
Read more
Citigroup trader claims unfair dismissal for whistleblowing
LONDON, April 27 (IFR) - A former senior interest rate
trader at Citigroup, Marco Arosio, is suing the US bank for
unfair dismissal, including being fired for whistleblowing.
Read more
trader at Citigroup, Marco Arosio, is suing the US bank for
unfair dismissal, including being fired for whistleblowing.
Read more
Carlyle first-quarter earnings beat forecasts
NEW YORK, April 27 (Reuters) - Private equity firm Carlyle
Group LP posted better-than-expected first-quarter
earnings on Wednesday as gains in its buyout and real estate
investments offset losses in other areas including the energy
market.
Read more
Group LP posted better-than-expected first-quarter
earnings on Wednesday as gains in its buyout and real estate
investments offset losses in other areas including the energy
market.
Read more
Santander Brasil beats estimates as loan-loss provisions fall
SAO PAULO, April 27 (Reuters) - Banco Santander Brasil SA,
the country's largest foreign-owned lender, beat first-quarter
profit estimates on Wednesday, as steps to renegotiate more
problematic credits helped stifle defaults and opened room for
lower loan-loss provisions.
Read more
the country's largest foreign-owned lender, beat first-quarter
profit estimates on Wednesday, as steps to renegotiate more
problematic credits helped stifle defaults and opened room for
lower loan-loss provisions.
Read more
ECB's Lane says "something genuinely new" needed for fresh action
DUBLIN, April 27 (Reuters) - Any further European Central
Bank monetary policy action will be entirely data-driven and
something "genuinely new" would be required to revise the
current stance, ECB's governing council member Philip Lane said
on Wednesday.
Read more
Bank monetary policy action will be entirely data-driven and
something "genuinely new" would be required to revise the
current stance, ECB's governing council member Philip Lane said
on Wednesday.
Read more
Estonia c.bank sets extra risk buffers for SEB, Swedbank
TALLINN, April 27 (Reuters) - The Estonian central bank will
require Swedish-owned SEB and Swedbank to
adopt additional buffer requirements at two percent of total
risk exposure from August this year, it said on Wednesday.
Read more
require Swedish-owned SEB and Swedbank to
adopt additional buffer requirements at two percent of total
risk exposure from August this year, it said on Wednesday.
Read more
BRIEF-Santander says plans to issue between 4 bln to 4.5 bln euros in AT-1 bonds
* CFO of Spain's Banco Santander José GarcÃa
Cantera said on Wednesday the bank sticks to its plan to issue
between 4 billion euros to 4.5 billion euros in AT-1 bonds
Source text for Eikon:
Further company coverage:
(Madrid Newsroom)
Read more
Cantera said on Wednesday the bank sticks to its plan to issue
between 4 billion euros to 4.5 billion euros in AT-1 bonds
Source text for Eikon:
Further company coverage:
(Madrid Newsroom)
Read more
MIDEAST STOCKS-Petrochemical stocks lift Saudi market, rest of Gulf sluggish
DUBAI, April 27 (Reuters) - Petrochemical stocks and shares
expected to benefit from Saudi Arabia's economic reform plans
lifted the Riyadh market on Wednesday, while other Gulf bourses
were sluggish.
Read more
expected to benefit from Saudi Arabia's economic reform plans
lifted the Riyadh market on Wednesday, while other Gulf bourses
were sluggish.
Read more
China services trade deficit widens to $21 bln in March on tourist spree
BEIJING, April 27 (Reuters) - China's trade deficit in
services widened to $21.0 billion in March from February's $16.0
billion, the foreign exchange regulator said on Wednesday.
Read more
services widened to $21.0 billion in March from February's $16.0
billion, the foreign exchange regulator said on Wednesday.
Read more
BRIEF-Sydbank Q1 pre-tax profit DKK 363 million, below expectations
* Q1 pre-tax profit 363 million Danish crowns ($55.16 million) (Reuters poll 379 million
crowns)
Read more
crowns)
Read more
Tuesday, April 26, 2016
DEALTALK-U.S. companies skeptical of corporate China's advances
April 27 (Reuters) - Chinese life sciences entrepreneur Wei
Zhou submitted a $1.5 billion bid for U.S. gene testing company
Affymetrix last month - topping a $1.3 billion agreed
acquisition by Thermo Fisher Scientific Inc. A few days
later, he got an unusual deadline.
Read more
Zhou submitted a $1.5 billion bid for U.S. gene testing company
Affymetrix last month - topping a $1.3 billion agreed
acquisition by Thermo Fisher Scientific Inc. A few days
later, he got an unusual deadline.
Read more
DEALTALK-How some SunEdison creditors scored a safe, lucrative debt deal
April 27 (Reuters) - When a group of hedge funds agreed to
lend $725 million to SunEdison Inc - three months
before it filed for bankruptcy last week - they secured an
unusually generous concession from the U.S. renewable energy
company and its other lenders.
Read more
lend $725 million to SunEdison Inc - three months
before it filed for bankruptcy last week - they secured an
unusually generous concession from the U.S. renewable energy
company and its other lenders.
Read more
Valeant CEO to tell U.S. Senate he regrets raising heart drug prices
WASHINGTON, April 27 (Reuters) - Outgoing Valeant
Pharmaceuticals Chief Executive Michael Pearson plans
to tell a U.S. Senate panel on Wednesday that he regrets his
decision to acquire and jack up the price of two life-saving
heart drugs, saying it was all a "mistake."
Read more
Pharmaceuticals Chief Executive Michael Pearson plans
to tell a U.S. Senate panel on Wednesday that he regrets his
decision to acquire and jack up the price of two life-saving
heart drugs, saying it was all a "mistake."
Read more
Negative interest rates to have limited impact on economic growth - BOK paper
SEOUL, April 27 (Reuters) - Negative interest rates adopted
by a number of central banks in Europe and in Japan are expected
to have only a limited impact in shoring up economic growth, a
research paper from South Korea's central bank said on
Wednesday.
Read more
by a number of central banks in Europe and in Japan are expected
to have only a limited impact in shoring up economic growth, a
research paper from South Korea's central bank said on
Wednesday.
Read more
HK Exchange says 12 firms buy back shares
HONG KONG, April 27 (Reuters) - The Hong Kong stock exchange said on Wednesday 12 companies
had repurchased their ordinary shares in the market.
The following is a table regarding share buybacks:
Company Name Stock Code Date of No. of Highest Lowest price
Repurchased Securities price per per share
Repurchased share
--- --- ---
Read more
had repurchased their ordinary shares in the market.
The following is a table regarding share buybacks:
Company Name Stock Code Date of No. of Highest Lowest price
Repurchased Securities price per per share
Repurchased share
--- --- ---
Read more
Debt-to-equity swaps could help China but firms must restructure -IMF
WASHINGTON, April 26 (Reuters) - China's massive corporate
debt problem could be eased through debt-to-equity conversions
or securitization of non-performing loans, the International
Monetary Fund said on Tuesday, but only if these apply to viable
firms that undergo restructuring.
Read more
debt problem could be eased through debt-to-equity conversions
or securitization of non-performing loans, the International
Monetary Fund said on Tuesday, but only if these apply to viable
firms that undergo restructuring.
Read more
Japan life insurers' holdings of foreign securities set for new heights
TOKYO, April 27 (Reuters) - Japanese life insurers expect to
lift holdings of foreign securities to record levels this fiscal
year as they hunt better returns than the record low domestic
yields prevailing under the Bank of Japan's negative interest
rate policy.
Read more
lift holdings of foreign securities to record levels this fiscal
year as they hunt better returns than the record low domestic
yields prevailing under the Bank of Japan's negative interest
rate policy.
Read more
UPDATE 1-Apple says FBI gave it first vulnerability tip on April 14
April 26 (Reuters) - The FBI informed Apple Inc of
a vulnerability in its iPhone and Mac software on April 14, the
first time it had told the company about a flaw in Apple
products under a controversial White House process for sharing
such information, the company told Reuters on Tuesday.
Read more
a vulnerability in its iPhone and Mac software on April 14, the
first time it had told the company about a flaw in Apple
products under a controversial White House process for sharing
such information, the company told Reuters on Tuesday.
Read more
RPT-COLUMN-China tries to tame animal spirits in commodity markets: Andy Home
LONDON, April 26 (Reuters) - Nearly 240 million tonnes of
steel rebar traded on the Shanghai Futures Exchange (ShFE) last
Thursday.
Read more
steel rebar traded on the Shanghai Futures Exchange (ShFE) last
Thursday.
Read more
UPDATE 1-Red Rock Resorts raises $531.4 million in IPO-source
April 26 (Reuters) - Red Rock Resorts Inc raised
$531.4 million in its initial public offering on Tuesday, as the
U.S. stock market becomes more welcoming for new flotations
following months of volatility that grounded several IPO
hopefuls.
Read more
$531.4 million in its initial public offering on Tuesday, as the
U.S. stock market becomes more welcoming for new flotations
following months of volatility that grounded several IPO
hopefuls.
Read more
White House urges Congress to move on Zika funding
WASHINGTON, April 26 (Reuters) - Two senior Obama
administration officials wrote congressional leaders on Tuesday
to urge legislation be passed to fund the fight against the Zika
virus, as concerns mount the United States will soon face
locally transmitted cases of the disease.
Read more
administration officials wrote congressional leaders on Tuesday
to urge legislation be passed to fund the fight against the Zika
virus, as concerns mount the United States will soon face
locally transmitted cases of the disease.
Read more
Santander Chile sees loan growth of $2.8 bln in 2016
SANTIAGO, April 26 (Reuters) - Banco Santander-Chile
expects its loan portfolio to expand by $2.8 billion in
2016 and sees loan growth across Chile's banking industry of
between 6 percent to 8 percent this year, the bank's Chief
Executive Claudio Melandri said on Tuesday.
Read more
expects its loan portfolio to expand by $2.8 billion in
2016 and sees loan growth across Chile's banking industry of
between 6 percent to 8 percent this year, the bank's Chief
Executive Claudio Melandri said on Tuesday.
Read more
BRIEF-First Mid-Illinois Bancshares agrees to merge with First Clover Leaf Financial
* Mid-Illinois bancshares -entered agreement and plan of
merger with first clover leaf financial
Read more
merger with first clover leaf financial
Read more
BRIEF-Steven Cohen reports 5.2 pct passive stake in Cynosure Inc
* Steven Cohen reports 5.2 percent passive stake in cynosure
inc as of april 25 - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
inc as of april 25 - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Euro zone delays meeting on Greece reforms, says needs more time
BRUSSELS, April 26 (Reuters) - Euro zone finance ministers
will not meet on Thursday and need more time to discuss two sets
of Greek reforms that would unlock new loans, the office of the
Eurogroup said on Twitter.
Read more
will not meet on Thursday and need more time to discuss two sets
of Greek reforms that would unlock new loans, the office of the
Eurogroup said on Twitter.
Read more
UPDATE 2-Cheap oil smudges Exxon's long-held sterling credit rating
April 26 (Reuters) - Exxon Mobil Corp lost its
top-tier credit rating from Standard & Poor's on Tuesday - the
first time in almost 70 years, as an oil price rout makes it
tougher for the largest producer of crude to fund projects and
return big amounts of cash to shareholders.
Read more
top-tier credit rating from Standard & Poor's on Tuesday - the
first time in almost 70 years, as an oil price rout makes it
tougher for the largest producer of crude to fund projects and
return big amounts of cash to shareholders.
Read more
UPDATE 1-Bank of England says investors may need to accept lower bank profits
* Banks need to cut costs or boost profit from investment
banking
(Adds detail from speech, context)
Read more
banking
(Adds detail from speech, context)
Read more
BRIEF-Independent Bank announces expanded share repurchase plan
* Independent Bank Corporation announces cash dividend on
its common stock and expanded share repurchase plan
Read more
its common stock and expanded share repurchase plan
Read more
ECB's Constancio: macroprudential policy should pre-emptive
FRANKFURT, April 26 (Reuters) - Central banks should have
responsibilities over both monetary and macroprudential policies
and their action should be both pre-emptive and strongly
counter-cyclical, European Central Bank Vice President Vitor
Constancio said on Tuesday.
Read more
responsibilities over both monetary and macroprudential policies
and their action should be both pre-emptive and strongly
counter-cyclical, European Central Bank Vice President Vitor
Constancio said on Tuesday.
Read more
Bank returns may disappoint investors - Bank of England's Cunliffe
LONDON, April 26 (Reuters) - Investors may not have fully
priced in the possibility that banks will generate lower returns
than in the past, a deputy governor of the Bank of England said
on Tuesday.
Read more
priced in the possibility that banks will generate lower returns
than in the past, a deputy governor of the Bank of England said
on Tuesday.
Read more
UPDATE 4-Whirlpool posts unexpectedly low Q1 earnings on soft emerging market demand
April 26 (Reuters) - Whirlpool Corp reported
lower-than-expected first-quarter earnings on Tuesday as cost
and capacity reductions were offset by soft demand in emerging
markets and unfavorable currency exchange rates, the company
said.
Read more
lower-than-expected first-quarter earnings on Tuesday as cost
and capacity reductions were offset by soft demand in emerging
markets and unfavorable currency exchange rates, the company
said.
Read more
UPDATE 2-Glencore prices first bond since market lockout
LONDON, April 26 (IFR) - Glencore ended a year's hiatus in
the bond markets Tuesday with a Swiss franc offering that priced
much tighter than anything the embattled mining giant could have
got in dollars or euros.
Read more
the bond markets Tuesday with a Swiss franc offering that priced
much tighter than anything the embattled mining giant could have
got in dollars or euros.
Read more
Fitch Affirms Mapfre at IFS 'A-'; Outlook Stable
(The following statement was released by the rating agency)
LONDON, April 26 (Fitch) Fitch Ratings has affirmed Spanish
insurer Mapfre SA's
(Mapfre) core operating subsidiaries' Insurer Financial Strength
(IFS) Ratings
at 'A-' and Mapfre SA's Issuer Default Rating (IDR) at 'BBB+'.
The Outlooks on
the ratings are Stable. A full list of rating actions is
available at the end of
this commentary.
KEY RATING DRIVERS
The affirmation of the ratings reflects Mapfre's sustained
robust operating
perf
Read more
LONDON, April 26 (Fitch) Fitch Ratings has affirmed Spanish
insurer Mapfre SA's
(Mapfre) core operating subsidiaries' Insurer Financial Strength
(IFS) Ratings
at 'A-' and Mapfre SA's Issuer Default Rating (IDR) at 'BBB+'.
The Outlooks on
the ratings are Stable. A full list of rating actions is
available at the end of
this commentary.
KEY RATING DRIVERS
The affirmation of the ratings reflects Mapfre's sustained
robust operating
perf
Read more
BRIEF-DTP appoints Martin Sjolund new company's CEO
* Its supervisory board appoints Martin Sjolund new
company's CEO
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
company's CEO
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
U.S. proposes bank funding ratio to discourage 'volatile' short-term funding'
WASHINGTON, April 26 (Reuters) - The top U.S. banking
regulator on Tuesday released its proposal for establishing a
Net Stable Funding Ratio, a final piece in the puzzle to
strengthen banks' liquidity and discourage market-disrupting
volatility.
Read more
regulator on Tuesday released its proposal for establishing a
Net Stable Funding Ratio, a final piece in the puzzle to
strengthen banks' liquidity and discourage market-disrupting
volatility.
Read more
UPDATE 4-Thomson Reuters first-quarter profit beats estimates
April 26 (Reuters) - Thomson Reuters Corp
on Tuesday reported higher-than-expected quarterly earnings on
improved results in its main business of providing news and
analytics to financial companies.
Read more
on Tuesday reported higher-than-expected quarterly earnings on
improved results in its main business of providing news and
analytics to financial companies.
Read more
Draghi-boost to unlock sub debt for periphery's small lenders
LONDON, April 26 (IFR) - Some of Europe's smaller peripheral
lenders will attempt to sell subordinated debt in the coming
days, as they take advantage of investors' demand for yield to
bolster their balance sheets.
Read more
lenders will attempt to sell subordinated debt in the coming
days, as they take advantage of investors' demand for yield to
bolster their balance sheets.
Read more
BRIEF-Crown Castle announces proposed offering of senior notes
* Says commencing a public offering of 3.400 pct senior
notes due 2021 and senior notes due 2026
Read more
notes due 2021 and senior notes due 2026
Read more
StanChart profits rebound as unwanted loans are cut
LONDON, April 25 (IFR) - Standard Chartered took an extra
US$107m charge to cover losses from the sale of US$20bn of
assets it no longer wants, but said it was making good progress
in getting rid of the loans.
Read more
US$107m charge to cover losses from the sale of US$20bn of
assets it no longer wants, but said it was making good progress
in getting rid of the loans.
Read more
Ping An Insurance posts 4 pct rise in Q1 net profit
SHANGHAI, April 26 (Reuters) - Ping An Insurance (Group) Co
of China , the country's second-largest
insurer by market value, on Tuesday posted a 4 percent gain in
first-quarter net profit underpinned by demand for all
categories of insurance products.
Read more
of China , the country's second-largest
insurer by market value, on Tuesday posted a 4 percent gain in
first-quarter net profit underpinned by demand for all
categories of insurance products.
Read more
Thomson Reuters reports flat revenue for first quarter
April 26 (Reuters) - News and information company Thomson
Reuters Corp on Tuesday reported flat
first-quarter revenue, held steady by its Legal and Tax and
Accounting businesses.
Read more
Reuters Corp on Tuesday reported flat
first-quarter revenue, held steady by its Legal and Tax and
Accounting businesses.
Read more
Fitch: Serbia Election Outcome Can Support Further Reform
(The following statement was released by the rating agency)
LONDON, April 26 (Fitch) The victory of Prime Minster Aleksandar
Vucic's
Progressive Party in Serbia's election enables the government to
continue with
its proposed reform and fiscal consolidation agenda, Fitch
Ratings says. This
continuity was one of our assumptions when we revised the
Outlook on Serbia's
'B+' sovereign rating to Positive from Stable in December.
The Electoral Commission said on Monday that the Progressive
Party h
Read more
LONDON, April 26 (Fitch) The victory of Prime Minster Aleksandar
Vucic's
Progressive Party in Serbia's election enables the government to
continue with
its proposed reform and fiscal consolidation agenda, Fitch
Ratings says. This
continuity was one of our assumptions when we revised the
Outlook on Serbia's
'B+' sovereign rating to Positive from Stable in December.
The Electoral Commission said on Monday that the Progressive
Party h
Read more
UPDATE 2-Malaysia's 1MDB says in default after missed bond payment
* Moody's analyst flags risk govt could assume 1MDB debts
(Updates with IMDB CEO, S&P comment, market reaction)
Read more
(Updates with IMDB CEO, S&P comment, market reaction)
Read more
Krung Thai Bank to cut lending rates to help small businesses
BANGKOK, April 26 (Reuters) - Thailand's second-largest
lender, Krung Thai Bank, will cut its minimum retail
rate and overdraft rate by 0.255 percentage points on Wednesday
in a bid to help small business and retail clients, the bank
said in a statement.
Read more
lender, Krung Thai Bank, will cut its minimum retail
rate and overdraft rate by 0.255 percentage points on Wednesday
in a bid to help small business and retail clients, the bank
said in a statement.
Read more
BRIEF-Insurance broker JLT sees exceptional costs of 34 mln stg in 2016
* Made a good start to year in overall trading performance
of both our insurance and reinsurance businesses
Read more
of both our insurance and reinsurance businesses
Read more
Monday, April 25, 2016
UPDATE 3-Airbus A320neo hit by hydraulic system problems
PARIS, April 25 (Reuters) - Airbus is facing a new
batch of technical problems with some of its new A320neo
medium-haul jets on top of previously reported engine glitches
that caused delivery delays, industry sources said on Monday.
Read more
batch of technical problems with some of its new A320neo
medium-haul jets on top of previously reported engine glitches
that caused delivery delays, industry sources said on Monday.
Read more
BRIEF-MBB SE Q1 revenues up 30 pct at 78.2 million euros
* Increases revenues by 30 pct to 78.2 million euros and
reports 56 cent EPS in a very good first quarter 2016
Read more
reports 56 cent EPS in a very good first quarter 2016
Read more
Alibaba weighs appeal against HK panel ruling that healthcare deal broke takeover code
HONG KONG, April 26 (Reuters) - Chinese e-commerce giant
Alibaba Group Holding Ltd said it's considering whether
to launch an appeal against a Hong Kong regulator's finding that
it breached takeover rules by buying an effective majority stake
in a healthcare firm in 2014 without extending the offer to all
of its shareholders.
Read more
Alibaba Group Holding Ltd said it's considering whether
to launch an appeal against a Hong Kong regulator's finding that
it breached takeover rules by buying an effective majority stake
in a healthcare firm in 2014 without extending the offer to all
of its shareholders.
Read more
China insurers rake in $185 bln in Q1 premiums, up 42 pct -regulator
BEIJING, April 26 (Reuters) - China's insurers raked in 1.2
trillion yuan ($185 billion) in premium income for the first
quarter, an increase of 42 percent from a year ago, the
country's insurance regulator reported on Tuesday.
Read more
trillion yuan ($185 billion) in premium income for the first
quarter, an increase of 42 percent from a year ago, the
country's insurance regulator reported on Tuesday.
Read more
HK Exchange says six firms buy back shares
HONG KONG, April 26 (Reuters) - The Hong Kong stock exchange said on Tuesday six companies
had repurchased their ordinary shares in the market.
The following is a table regarding share buybacks:
Company Name Stock Code Date of No. of Highest price Lowest price
Repurchased Securities per share per share
Repurchased
--- --- ---
Read more
had repurchased their ordinary shares in the market.
The following is a table regarding share buybacks:
Company Name Stock Code Date of No. of Highest price Lowest price
Repurchased Securities per share per share
Repurchased
--- --- ---
Read more
Morning News Call - India, April 26
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04262016.pdf
FACTORS TO WATCH
5:15 pm: Axis Bank Finance chief Jairam Sridharan to brief media on
January-March earnings in Mumbai.
5:30 pm: Trade Minister Nirmala Sitharaman and DIPP Secretary Ramesh Abhishek
at national IPR conference in New Delhi.
6:00 pm: IDFC Bank Chief Executive Rajiv Lall at media interaction after
quarter
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04262016.pdf
FACTORS TO WATCH
5:15 pm: Axis Bank Finance chief Jairam Sridharan to brief media on
January-March earnings in Mumbai.
5:30 pm: Trade Minister Nirmala Sitharaman and DIPP Secretary Ramesh Abhishek
at national IPR conference in New Delhi.
6:00 pm: IDFC Bank Chief Executive Rajiv Lall at media interaction after
quarter
Read more
UPDATE 1-Brazil's main opposition party split on joining a future Temer gov't
BRASILIA, April 25 (Reuters) - Brazil's largest opposition
party is divided over how strongly to back a new interim
government if it succeeds in having President Dilma Rousseff
stripped of office, as it eyes a run at the presidency in 2018,
senior members said on Monday.
Read more
party is divided over how strongly to back a new interim
government if it succeeds in having President Dilma Rousseff
stripped of office, as it eyes a run at the presidency in 2018,
senior members said on Monday.
Read more
Alere receives default notice from bondholder group - Bloomberg
April 25 (Reuters) - Alere Inc received a notice of
default from a group of its bondholders after the diagnostics
company delayed filing its 2015 annual report in March,
Bloomberg reported Monday.
Read more
default from a group of its bondholders after the diagnostics
company delayed filing its 2015 annual report in March,
Bloomberg reported Monday.
Read more
UPDATE 4-Gannett bids on Tribune Publishing, wants an answer
April 25 (Reuters) - Tribune Publishing Co is
reviewing an unsolicited and possibly unwelcome $815 million
takeover bid from Gannett Co Inc, a move by Gannett to
gain scale as the newspaper industry continues to consolidate.
Read more
reviewing an unsolicited and possibly unwelcome $815 million
takeover bid from Gannett Co Inc, a move by Gannett to
gain scale as the newspaper industry continues to consolidate.
Read more
BRIEF-First Bank Q1 earnings per share $0.14
* First Bank reports first quarter 2016 earnings of $1.4
million; total assets reach $917 million
Read more
million; total assets reach $917 million
Read more
BRIEF-Homestreet qtrly earnings per share $0.27
* Qtrly deposits grew $591.1 million, or 18.3%, from
December 31, 2015 to $3.82 billion
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
December 31, 2015 to $3.82 billion
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Australia shares seen with subdued start, NZ stocks edge upward
SYDNEY, April 26 (Reuters) - Australian stocks are set to
open lower on Tuesday, tracking a subdued performance on Wall
Street and taking a pause after last week's rally.
Stock index futures fell 0.5 percent to 5,211.0, a
25.4-point discount to the close of the underlying S&P/ASX 200
index on Friday. The benchmark gained 1.5 percent last
week, having touched its highest since early January.
New Zealand's benchmark S&P/NZX 50 index nudged up
0.1 percent in early trade, edging closer to a
Read more
open lower on Tuesday, tracking a subdued performance on Wall
Street and taking a pause after last week's rally.
Stock index futures fell 0.5 percent to 5,211.0, a
25.4-point discount to the close of the underlying S&P/ASX 200
index on Friday. The benchmark gained 1.5 percent last
week, having touched its highest since early January.
New Zealand's benchmark S&P/NZX 50 index nudged up
0.1 percent in early trade, edging closer to a
Read more
Perella Weinberg in tie-up talks with Tudor Pickering -source
April 25 (Reuters) - New York-based investment bank Perella
Weinberg Partners LP is engaged in discussions with
Houston-based energy boutique bank Tudor Pickering Holt & Co,
which could result in a merger or a partnership, a person
briefed on the matter said Monday.
Read more
Weinberg Partners LP is engaged in discussions with
Houston-based energy boutique bank Tudor Pickering Holt & Co,
which could result in a merger or a partnership, a person
briefed on the matter said Monday.
Read more
Citadel tops list of private U.S. trading venues in new report
NEW YORK, April 25 (Reuters) - Citadel Securities, one of
the top market makers in U.S. stocks and listed stock options,
runs one of the largest stock trading venues in the country,
according to a report released on Monday aimed at providing
transparency into where stock trading occurs.
Read more
the top market makers in U.S. stocks and listed stock options,
runs one of the largest stock trading venues in the country,
according to a report released on Monday aimed at providing
transparency into where stock trading occurs.
Read more
MOVES-Evercore hires energy banker Ward
NEW YORK, April 25 (IFR) - Boutique investment bank Evercore
Partners said on Monday it had hired veteran energy banker Dan
Ward from Deutsche Bank.
Read more
Partners said on Monday it had hired veteran energy banker Dan
Ward from Deutsche Bank.
Read more
UPDATE 4-Valeant names Papa CEO after he resigns from Perrigo
April 25 (Reuters) - Valeant Pharmaceuticals International
Inc named former Perrigo Co Plc head Joseph
Papa as its chief executive officer on Monday to work on
righting the company.
Read more
Inc named former Perrigo Co Plc head Joseph
Papa as its chief executive officer on Monday to work on
righting the company.
Read more
BRIEF-Westwood SPV LLC reports 9.58 pct stake in Hansen Medical
* Westwood SPV LLC reports 9.58 pct stake in Hansen Medical
inc as of April 8 - Sec filing
Source text for Eikon: [ID: http://1.usa.gov/1SZUOnL
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
inc as of April 8 - Sec filing
Source text for Eikon: [ID: http://1.usa.gov/1SZUOnL
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
Hungary c.bank under fire over its foundations' contracts
BUDAPEST, April 25 (Reuters) - A Hungarian opposition party
asked state prosecutors on Monday to examine a possible misuse
of public funds by foundations set up by the central bank, in a
case seen as a test of transparency and the role of the bank's
head, an ally of the prime minister.
Read more
asked state prosecutors on Monday to examine a possible misuse
of public funds by foundations set up by the central bank, in a
case seen as a test of transparency and the role of the bank's
head, an ally of the prime minister.
Read more
BRIEF-Promsvyazbank completes placement of its BO-P01 series bonds
* Says completes placement 50 billion rouble ($753.01 million) BO-P01 series bonds in full
Source text: http://bit.ly/1UcjQ8E
Read more
Source text: http://bit.ly/1UcjQ8E
Read more
If Mitsubishi Motors needs help, group firms may look away
TOKYO, April 25 (Reuters) - A decade ago, Japanese automaker
Mitsubishi Motors survived a defect cover-up scandal
through a bail-out by other Mitsubishi Group companies. Now,
facing uncertainty and potential liabilities from a new scandal,
it may be on its own.
Read more
Mitsubishi Motors survived a defect cover-up scandal
through a bail-out by other Mitsubishi Group companies. Now,
facing uncertainty and potential liabilities from a new scandal,
it may be on its own.
Read more
El-Erian says this week's Fed meeting to set stage for June hike
NEW YORK, April 25 (Reuters) - Mohamed El-Erian, the chief
economic adviser at Allianz SE, said on Monday he
expects this week's Federal Reserve policy-setting meeting to
set the stage for a June interest rate hike.
Read more
economic adviser at Allianz SE, said on Monday he
expects this week's Federal Reserve policy-setting meeting to
set the stage for a June interest rate hike.
Read more
Thailand's Kasikornbank to spend $142 mln a year on digital banking
BANGKOK, April 25 (Reuters) - Thailand's Kasikornbank Pcl
will spend 5 billion baht ($142.33 million) annually
to develop information technology to maintain its market leading
position in digital banking, it said on Monday.
Read more
will spend 5 billion baht ($142.33 million) annually
to develop information technology to maintain its market leading
position in digital banking, it said on Monday.
Read more
CANADA STOCKS-Futures flat as oil prices slip, gold steadies
April 25 (Reuters) - Canadian stock futures were little
changed on Monday after crude oil prices slipped as traders took
profits while gold steadied.
Read more
changed on Monday after crude oil prices slipped as traders took
profits while gold steadied.
Read more
Saudi Arabian Airlines appoints HSBC to arrange 5 bln riyal sukuk - exec
DUBAI, April 25 (Reuters) - National carrier Saudi Arabian
Airlines (Saudia) has appointed HSBC as the lead arranger for a
5 billion riyal ($1.3 billion) sukuk issue, its director general
said on Monday.
Read more
Airlines (Saudia) has appointed HSBC as the lead arranger for a
5 billion riyal ($1.3 billion) sukuk issue, its director general
said on Monday.
Read more
RPT-INSIGHT-Yieldcos enabled SunEdison's debt-fueled acquisition spree
April 25 (Reuters) - At an early 2015 investor conference,
SunEdison's then-chief financial officer, Brian
Wuebbels, trumpeted the profit potential in the solar
developer's relationship with a venture it had recently spun
off.
Read more
SunEdison's then-chief financial officer, Brian
Wuebbels, trumpeted the profit potential in the solar
developer's relationship with a venture it had recently spun
off.
Read more
UPDATE 1-UAE's IPIC says would make 1MDB payment after default
DUBAI/KUALA LUMPUR, April 25 (Reuters) - Abu Dhabi's
state-owned International Petroleum Investment Co
(IPIC) said it would make a $50.3 million interest payment to
holders of notes issued by Malaysian state fund 1MDB, but only
after 1MDB defaults on its payments.
Read more
state-owned International Petroleum Investment Co
(IPIC) said it would make a $50.3 million interest payment to
holders of notes issued by Malaysian state fund 1MDB, but only
after 1MDB defaults on its payments.
Read more
BRIEF-BHS Tabletop says Deutsche Bank, Munich RE and WMF Group consider sale of BHS shares
* Deutsche Bank AG, Munich RE and WMF
Group GmbH, which hold in total 82.72 pct of BHS Tabletop AG,
review their strategic options, including sale of their shares
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Group GmbH, which hold in total 82.72 pct of BHS Tabletop AG,
review their strategic options, including sale of their shares
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
UPDATE 1-Czech lender GE Money reveals IPO price range and renamed MONETA
PRAGUE, April 25 (Reuters) - Czech lender GE Money Bank set
the price range for its initial public offering at below market
expectations on Monday and said it would change its name to
MONETA Money Bank.
Read more
the price range for its initial public offering at below market
expectations on Monday and said it would change its name to
MONETA Money Bank.
Read more
RPT-Pre-sold sterling RMBS signals shift to "club-style" execution
LONDON, April 22 (IFR) - A recent wave of pre-placed UK
securitisations has spurred worries that the sterling RMBS
market is rapidly becoming an exclusive club open to just a
handful of investors.
Read more
securitisations has spurred worries that the sterling RMBS
market is rapidly becoming an exclusive club open to just a
handful of investors.
Read more
China's top banks to post modest Q1 growth as bad debts bite
BEIJING, April 25 (Reuters) - China's five biggest banks are
expected to report sluggish profit growth in the first quarter,
continuing a trend of the past eight quarters, as a slowing
economy and mounting bad loans squeeze margins.
Read more
expected to report sluggish profit growth in the first quarter,
continuing a trend of the past eight quarters, as a slowing
economy and mounting bad loans squeeze margins.
Read more
Hungary eyes lower deficit in 2018 election year - minister
BUDAPEST, April 25 (Reuters) - Hungary's government plans to
reduce the country's budget deficit further in 2018, an election
year, to 1.8 percent from a planned 2.4 percent in 2017, Economy
Minister Mihaly Varga told the daily Vilaggazdasag on Monday.
Read more
reduce the country's budget deficit further in 2018, an election
year, to 1.8 percent from a planned 2.4 percent in 2017, Economy
Minister Mihaly Varga told the daily Vilaggazdasag on Monday.
Read more
BRIEF-UniCredit says Atlante extends Pop Vicenza underwriting commitment
* signed deal to extend Italy bank fund Atlante's
underwriting commitment to Popolare Vicenza's cash call even in
case bank shares fail to list.
Read more
underwriting commitment to Popolare Vicenza's cash call even in
case bank shares fail to list.
Read more
Sunday, April 24, 2016
Morning News Call - India, April 25
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04252016.pdf
FACTORS TO WATCH
10:00 am: RBI Deputy Governor R. Gandhi at ASSOCHAM's summit on non-banking
finance companies in Mumbai.
11:00 am: Parliament reconvenes in New Delhi.
GMF:EMEA LIVECHAT - MARKET OUTLOOK with Michael Hewson, chief market analyst,
CMC
Join Michael Hewson, chief market analyst at CMC Markets for a
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04252016.pdf
FACTORS TO WATCH
10:00 am: RBI Deputy Governor R. Gandhi at ASSOCHAM's summit on non-banking
finance companies in Mumbai.
11:00 am: Parliament reconvenes in New Delhi.
GMF:EMEA LIVECHAT - MARKET OUTLOOK with Michael Hewson, chief market analyst,
CMC
Join Michael Hewson, chief market analyst at CMC Markets for a
Read more
HK Exchange says eight firms buy back shares
HONG KONG, April 25 (Reuters) - The Hong Kong stock exchange
said on Monday eight companies had repurchased their ordinary
shares in the market.
The following is a table regarding share buybacks:
Company Name Date of No. of Highest Lowest
(Stock code) Repurchase Securities Price per Price
Repurchased share per
share
ASIA FINANCIAL 22/04/2016 338,000 HK$4.12 HK$4.
Read more
said on Monday eight companies had repurchased their ordinary
shares in the market.
The following is a table regarding share buybacks:
Company Name Date of No. of Highest Lowest
(Stock code) Repurchase Securities Price per Price
Repurchased share per
share
ASIA FINANCIAL 22/04/2016 338,000 HK$4.12 HK$4.
Read more
China police hunt for wealth manager who vanished with $154 million -Xinhua
SHANGHAI, April 25 (Reuters) - Police in the Chinese city of
Hangzhou are searching for the chairman of a wealth management
firm who vanished with about 1 billion yuan ($154 million) of
investor funds, the official Xinhua News Agency reported.
Read more
Hangzhou are searching for the chairman of a wealth management
firm who vanished with about 1 billion yuan ($154 million) of
investor funds, the official Xinhua News Agency reported.
Read more
Bombardier says Iranian sales talks progress, denies new airline
Montreal, April 24 (Reuters) - Reports that Bombardier Inc
is involved in launching an airline in Iran are
inaccurate, the Canadian planemaker said on Sunday, although it
confirmed it was in talks for sales as its executive chairman
visited the country to drum up business.
Read more
is involved in launching an airline in Iran are
inaccurate, the Canadian planemaker said on Sunday, although it
confirmed it was in talks for sales as its executive chairman
visited the country to drum up business.
Read more
UPDATE 2-Brazil's Meirelles would lead finance ministry, with conditions - Folha
SAO PAULO, April 24 (Reuters) - If Brazilian Vice President
Michel Temer takes power, former central bank President Henrique
Meirelles would accept the position of finance minister under
the condition he was given approval rights over members of the
entire economic team, newspaper Folha de S. Paulo reported on
Sunday.
Read more
Michel Temer takes power, former central bank President Henrique
Meirelles would accept the position of finance minister under
the condition he was given approval rights over members of the
entire economic team, newspaper Folha de S. Paulo reported on
Sunday.
Read more
How Toshiba got paid before a sale closed in a maneuver skirting antitrust rules
TOKYO, April 25 (Reuters) - Toshiba Corp, in a
hurry to raise cash before closing its books for the business
year that ended at the end of last month, was able to structure
the sale of its medical equipment business to Canon Inc
in an unorthodox way so that it could book the 665.5 billion yen
($5.95 billion) proceeds before the deal had been approved by
regulators.
Read more
hurry to raise cash before closing its books for the business
year that ended at the end of last month, was able to structure
the sale of its medical equipment business to Canon Inc
in an unorthodox way so that it could book the 665.5 billion yen
($5.95 billion) proceeds before the deal had been approved by
regulators.
Read more
RPT-Indonesia's bid to put a floor under its bond market looks shaky
JAKARTA/SINGAPORE, April 22 (Reuters) - Indonesia's plan to
stabilise its often-volatile bond market faces derailment as the
country's pension funds struggle to comply with a directive to
jack up their bond purchases.
Read more
stabilise its often-volatile bond market faces derailment as the
country's pension funds struggle to comply with a directive to
jack up their bond purchases.
Read more
UPDATE 1-'Jungle Book' Rules Over 'The Huntsman: Winter's War'
LOS ANGELES (Variety.com) - Disney's "The Jungle Book"
showed serious traction at the North American box office,
dominating moviegoing for a second straight weekend with $60.8
million at 4,028 locations.
Read more
showed serious traction at the North American box office,
dominating moviegoing for a second straight weekend with $60.8
million at 4,028 locations.
Read more
'Jungle Book' Rules Over 'The Huntsman: Winter's War'
LOS ANGELES (Variety.com) - Disney's "The Jungle Book"
showed serious traction at the North American box office,
dominating moviegoing for a second straight weekend with $60.8
million at 4,028 locations.
Read more
showed serious traction at the North American box office,
dominating moviegoing for a second straight weekend with $60.8
million at 4,028 locations.
Read more
Anti-government protesters scuffle with Moldova police
CHISINAU, April 24 (Reuters) - Around 1,000 demonstrators
scuffled with Moldovan riot police on Sunday in long-running
anti-government protests and threatened to storm buildings owned
by a prominent businessman in central Chisinau.
Read more
scuffled with Moldovan riot police on Sunday in long-running
anti-government protests and threatened to storm buildings owned
by a prominent businessman in central Chisinau.
Read more
MIDEAST STOCKS-Petchems lift Saudi, other Gulf markets mixed
DUBAI, April 24 (Reuters) - Saudi Arabia's stock market rose
strongly in heavy trade on Sunday as firm oil prices boosted
petrochemical shares, while other markets in the region were
mixed.
Read more
strongly in heavy trade on Sunday as firm oil prices boosted
petrochemical shares, while other markets in the region were
mixed.
Read more
Deutsche Bank supervisory board split over scandal response -FAS paper
FRANKFURT, April 24 (Reuters) - A dispute has arisen on
Deutsche Bank's supervisory board over what some
members view as the bank's legal counsel's over-zealous response
to scandals it has been embroiled in, Frankfurter Allgemeine
Sonntagszeitung reported.
Read more
Deutsche Bank's supervisory board over what some
members view as the bank's legal counsel's over-zealous response
to scandals it has been embroiled in, Frankfurter Allgemeine
Sonntagszeitung reported.
Read more
Iraq signs strategic agreement with GE to boost power grid
BAGHDAD, April 24 (Reuters) - Iraq's Oil Ministry said on
Sunday it had signed a long-term "strategic framework agreement"
with General Electric which comprised several projects to
boost national power resources.
Read more
Sunday it had signed a long-term "strategic framework agreement"
with General Electric which comprised several projects to
boost national power resources.
Read more
UPDATE 1-Iraq signs strategic agreement with GE to boost power grid
BAGHDAD, April 24 (Reuters) - Iraq's Oil Ministry said on
Sunday it had signed a long-term "strategic framework agreement"
with General Electric which comprised several projects to
boost national power resources.
Read more
Sunday it had signed a long-term "strategic framework agreement"
with General Electric which comprised several projects to
boost national power resources.
Read more
Evergrande says to buy stake in China developer Calxon for $553.8 mln
HONG KONG, April 24 (Reuters) - Chinese developer Evergrande
Real Estate Group said on Sunday it had agreed to buy
a stake in state-owned property company Calxon Group
for 3.6 billion yuan ($553.8 million).
Read more
Real Estate Group said on Sunday it had agreed to buy
a stake in state-owned property company Calxon Group
for 3.6 billion yuan ($553.8 million).
Read more
UK says support for Tata's UK steel assets selloff will meet EU rules -Times
LONDON, April 24 (Reuters) - Britain's efforts to help find
a buyer for Tata Steel's UK assets will comply with European
Union state aid regulations, Business Secretary Sajid Javid said
on Sunday, insisting any deal would not be a bailout or
nationalisation.
Read more
a buyer for Tata Steel's UK assets will comply with European
Union state aid regulations, Business Secretary Sajid Javid said
on Sunday, insisting any deal would not be a bailout or
nationalisation.
Read more
Kuwait's Americana chairman sees 'positive sign' for stake sale
DUBAI, April 24 (Reuters) - Kuwait Food Co
(Americana) has edged closer to completing the sale of a
controlling stake to a Dubai-based investment firm, the chairman
of the consumer foods firm told reporters on Sunday.
Read more
(Americana) has edged closer to completing the sale of a
controlling stake to a Dubai-based investment firm, the chairman
of the consumer foods firm told reporters on Sunday.
Read more
Saudis await prince's vision of future with hope and concern
RIYADH, April 24 (Reuters) - Saudi Arabians are anticipating
with hope, doubt and worry the release this week of a government
plan to liberate the kingdom from its reliance on oil, which
could solve deep-rooted problems but bring economic pain.
Read more
with hope, doubt and worry the release this week of a government
plan to liberate the kingdom from its reliance on oil, which
could solve deep-rooted problems but bring economic pain.
Read more
Glass Lewis tells C.Suisse investors to reject pay packages -paper
VIENNA, April 24 (Reuters) - Proxy adviser Glass Lewis has
recommended shareholders in Credit Suisse reject the
amount of remuneration set for the bank's management and board
members, Swiss newspaper NZZ am Sonntag reported.
Read more
recommended shareholders in Credit Suisse reject the
amount of remuneration set for the bank's management and board
members, Swiss newspaper NZZ am Sonntag reported.
Read more
Qalaa Holding reports 2015 net loss of 1.115 bln Egyptian pounds
CAIRO, April 24 (Reuters) - Egypt's Qalaa Holdings reported
a net loss of 1.115 billion Egyptian pounds ($125.56 million) in
2015 following a loss of 879.6 million a year earlier, the
investment firm said in a statement on its website on Sunday.
Read more
a net loss of 1.115 billion Egyptian pounds ($125.56 million) in
2015 following a loss of 879.6 million a year earlier, the
investment firm said in a statement on its website on Sunday.
Read more
Dubai's Mashreq Q1 net profit falls 18.3 pct
DUBAI, April 24 (Reuters) - Mashreq, Dubai's
third-biggest lender by assets, on Sunday posted a 18.3 percent
fall in first-quarter net profit as it failed to recoup as many
bad debts as it did in the corresponding period of last year.
Read more
third-biggest lender by assets, on Sunday posted a 18.3 percent
fall in first-quarter net profit as it failed to recoup as many
bad debts as it did in the corresponding period of last year.
Read more
National Bank of Kuwait gets regulatory nod for capital raise
DUBAI, April 24 (Reuters) - National Bank of Kuwait
said on Sunday it had received approval from the
country's Capital Markets Authority for its proposed capital
increase.
Read more
said on Sunday it had received approval from the
country's Capital Markets Authority for its proposed capital
increase.
Read more
Australian state hikes taxes for foreign property buyers
SYDNEY, April 24 (Reuters) - Australia's southeastern state
of Victoria, home to the city of Melbourne, will more than
double property taxes for foreign buyers and treble royalties
from coal, the government has announced.
Read more
of Victoria, home to the city of Melbourne, will more than
double property taxes for foreign buyers and treble royalties
from coal, the government has announced.
Read more
Oman's Bank Dhofar offers terms of proposed merger to Bank Sohar
DUBAI, April 24 (Reuters) - Oman's Bank Dhofar, in
talks with Bank Sohar on a possible merger, said on
Sunday that it communicated the terms for a deal to its smaller
rival after completing due diligence.
Read more
talks with Bank Sohar on a possible merger, said on
Sunday that it communicated the terms for a deal to its smaller
rival after completing due diligence.
Read more
MIDEAST STOCKS-Gulf's cyclical stocks may be weak while bank shares fare better
DUBAI, April 24 (Reuters) - Stock markets in the Gulf may
trade narrowly on Sunday as investors take comfort in firmer oil
pries and instead look to quarterly earnings as a litmus test
for the health of the regional economy.
Read more
trade narrowly on Sunday as investors take comfort in firmer oil
pries and instead look to quarterly earnings as a litmus test
for the health of the regional economy.
Read more
Saturday, April 23, 2016
Portugal minister says BPI shareholders resume talks after row
LISBON, April 23 (Reuters) - Spain's Caixabank and the
daughter of the Angolan president have resumed contacts on a
solution that would allow Portugal's Banco BPI to offload its
risky Angolan assets and meet EU regulations, Portugal's economy
minister said in a weekend radio interview.
Read more
daughter of the Angolan president have resumed contacts on a
solution that would allow Portugal's Banco BPI to offload its
risky Angolan assets and meet EU regulations, Portugal's economy
minister said in a weekend radio interview.
Read more
UPDATE 1-IMF says Mozambique admits to over $1 bln of hidden debt
JOHANNESBURG, April 23 (Reuters) - The International
Monetary Fund said on Saturday that Mozambique has admitted to
having over one billion dollars of undisclosed debt and the two
sides were now evaluating the implications of this disclosure.
Read more
Monetary Fund said on Saturday that Mozambique has admitted to
having over one billion dollars of undisclosed debt and the two
sides were now evaluating the implications of this disclosure.
Read more
ABB chairman says Power Grids unit back in shape
VIENNA, April 23 (Reuters) - The Power Grids unit of Swiss
engineer ABB, which currently is under strategic
review, had been "brought into shape" and was "back within the
margin target corridor", chairman Peter Voser said in an
interview published by daily Neue Zuercher Zeitung on Saturday.
Read more
engineer ABB, which currently is under strategic
review, had been "brought into shape" and was "back within the
margin target corridor", chairman Peter Voser said in an
interview published by daily Neue Zuercher Zeitung on Saturday.
Read more
IMF says Mozambique has over $1 bln of hidden debt
JOHANNESBURG, April 23 (Reuters) - The International
Monetary Fund said on Saturday that Mozambique had more than one
billion dollars of debt guaranteed by the government that had
not been disclosed to the Fund, and said it was evaluating the
implications of the loans on the country's financial stability.
Read more
Monetary Fund said on Saturday that Mozambique had more than one
billion dollars of debt guaranteed by the government that had
not been disclosed to the Fund, and said it was evaluating the
implications of the loans on the country's financial stability.
Read more
Uganda picks Tanzania for oil pipeline route rather than Kenya
KAMPALA, April 23 (Reuters) - Uganda will build a pipeline
for its oil through Tanzania rather than Kenya, which had wanted
to secure the export route, a summit of East African leaders
said on Saturday.
Read more
for its oil through Tanzania rather than Kenya, which had wanted
to secure the export route, a summit of East African leaders
said on Saturday.
Read more
UPDATE 1-Let's not overreact to Panama Papers, many EU finmins warn
AMSTERDAM, April 23 (Reuters) - A European Commission plan
to publicly reveal tax and financial data of large companies
raised concerns among many European Union finance ministers who
on Saturday advised caution after the Panama Paper leaks.
Read more
to publicly reveal tax and financial data of large companies
raised concerns among many European Union finance ministers who
on Saturday advised caution after the Panama Paper leaks.
Read more
ECB's Nowotny says negative rates necessary to avoid deflation
VIENNA, April 23 (Reuters) - The euro zone needs negative
interest rates to avoid sliding into deflation, European Central
Bank Governing Council member Ewald Nowotny said in an Austrian
newspaper interview, defending the policy against widespread
criticism in Germany.
Read more
interest rates to avoid sliding into deflation, European Central
Bank Governing Council member Ewald Nowotny said in an Austrian
newspaper interview, defending the policy against widespread
criticism in Germany.
Read more
Norway hotel, restaurant employees to go on strike
OSLO, April 23 (Reuters) - About 3,500 employees at
Norwegian hotels and restaurants will go on strike from Sunday
morning after wage talks with employers failed, the LO
confederation of trade unions said on Saturday.
Read more
Norwegian hotels and restaurants will go on strike from Sunday
morning after wage talks with employers failed, the LO
confederation of trade unions said on Saturday.
Read more
Let's not overreact to Panama Papers, some EU finmins warn
AMSTERDAM, April 23 (Reuters) - A European Commission plan
to publicly reveal tax and financial data of large companies
raised concerns among some European Union finance ministers who
on Saturday advised caution after the Panama Paper leaks.
Read more
to publicly reveal tax and financial data of large companies
raised concerns among some European Union finance ministers who
on Saturday advised caution after the Panama Paper leaks.
Read more
DoubleLine's Gundlach says negative interest rates are a "horror"
VIENNA, April 23 (Reuters) - Europe and Japan's central bank
policies of negative interest rates are a "horror" and will run
counter to the desired effect, Jeffrey Gundlach, the widely
followed investor who runs DoubleLine Capital, said in an
interview with a Swiss newspaper.
Read more
policies of negative interest rates are a "horror" and will run
counter to the desired effect, Jeffrey Gundlach, the widely
followed investor who runs DoubleLine Capital, said in an
interview with a Swiss newspaper.
Read more
Australian police to investigate submarine tender leak - ABC
SYDNEY, April 23 (Reuters) - Australian police are
investigating how confidential information about the outcome of
a tender process for Australia's next submarine fleet was leaked
to the media, the Australian Broadcasting Corporation reported
on Saturday.
Read more
investigating how confidential information about the outcome of
a tender process for Australia's next submarine fleet was leaked
to the media, the Australian Broadcasting Corporation reported
on Saturday.
Read more
Friday, April 22, 2016
BRIEF-China keli announces establishment of a special committee
* Established special committee to consider non-binding
offer and conduct further negotiations with 1062560 b.c. Ltd
Source text for Eikon:
Further company coverage:
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offer and conduct further negotiations with 1062560 b.c. Ltd
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-New Jersey school board member quits over anti-Muslim comments
April 22 (Reuters) - A New Jersey school board member
resigned on Friday after drawing fire for anti-Muslim Facebook
posts, including one saying, "America needs to get rid of
people like you," the board president said.
Read more
resigned on Friday after drawing fire for anti-Muslim Facebook
posts, including one saying, "America needs to get rid of
people like you," the board president said.
Read more
UPDATE 2-Argentina says #CiaoDefault, paying holdouts after 14 years
BUENOS AIRES, April 22 (Reuters) - Argentina paid creditors
on Friday who had refused debt restructurings after a record
2002 default, closing the book on nearly a decade of messy
litigation as new President Mauricio Macri embraces global
financial markets.
Read more
on Friday who had refused debt restructurings after a record
2002 default, closing the book on nearly a decade of messy
litigation as new President Mauricio Macri embraces global
financial markets.
Read more
UPDATE 2-U.S. not against foreign banks dealing with Iran -Kerry
NEW YORK, April 22 (Reuters) - The United States is not
opposed to foreign banks doing business with Iran in line with
the terms of last year's historic nuclear deal between Tehran
and world powers, U.S. Secretary of State John Kerry said on
Friday.
Read more
opposed to foreign banks doing business with Iran in line with
the terms of last year's historic nuclear deal between Tehran
and world powers, U.S. Secretary of State John Kerry said on
Friday.
Read more
BRIEF-Renaissancere Ventures Ltd reports 8.1 pct passive stake in Kingstone Companies
* Renaissancere Ventures Ltd reports 8.1 pct passive stake
in Kingstone Companies Inc as of April 18- SEC filing
Source text for Eikon: (http://1.usa.gov/1WLsxY6)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
in Kingstone Companies Inc as of April 18- SEC filing
Source text for Eikon: (http://1.usa.gov/1WLsxY6)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
BRIEF-Citizens Holding quarterly earnings per share $0.31
* Citizens Holding Co qtrly net interest income after
provision for loan losses, was $6.750 million, approximately
0.3% lower than the same period in 2015
Source text for Eikon:
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provision for loan losses, was $6.750 million, approximately
0.3% lower than the same period in 2015
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Fitch Downgrades Lesotho to 'B+'; Outlook Stable
(The following statement was released by the rating agency)
LONDON, April 22 (Fitch) Fitch Ratings has downgraded Lesotho's
Long-term
foreign currency Issuer Default Rating (IDR) to 'B+' from 'BB-'
and the
Long-term local currency IDR to 'BB- 'from 'BB'. The Outlooks on
the Long-term
IDRs are Stable. The Country Ceiling is affirmed at 'BBB' and
the Short-Term
Foreign-Currency IDR at 'B'.
KEY RATING DRIVERS
The downgrade of the IDRs reflects the following key rating
drivers:
Medium
Fitch for
Read more
LONDON, April 22 (Fitch) Fitch Ratings has downgraded Lesotho's
Long-term
foreign currency Issuer Default Rating (IDR) to 'B+' from 'BB-'
and the
Long-term local currency IDR to 'BB- 'from 'BB'. The Outlooks on
the Long-term
IDRs are Stable. The Country Ceiling is affirmed at 'BBB' and
the Short-Term
Foreign-Currency IDR at 'B'.
KEY RATING DRIVERS
The downgrade of the IDRs reflects the following key rating
drivers:
Medium
Fitch for
Read more
Fitch Affirms Cyprus at 'B+'; Outlook Positive
(The following statement was released by the rating agency)
LONDON, April 22 (Fitch) Fitch Ratings has affirmed Cyprus's
Long-term foreign
and local currency Issuer Default Ratings (IDRs) at 'B+'. The
Outlooks are
Positive. The issue ratings on Cyprus's senior unsecured foreign
and local
currency bonds have also been affirmed at 'B+'. The Country
Ceiling is affirmed
at 'BB+' and the Short-term foreign currency IDR at 'B'.
KEY RATING DRIVERS
Cyprus is undergoing a major financial sector, fis
Read more
LONDON, April 22 (Fitch) Fitch Ratings has affirmed Cyprus's
Long-term foreign
and local currency Issuer Default Ratings (IDRs) at 'B+'. The
Outlooks are
Positive. The issue ratings on Cyprus's senior unsecured foreign
and local
currency bonds have also been affirmed at 'B+'. The Country
Ceiling is affirmed
at 'BB+' and the Short-term foreign currency IDR at 'B'.
KEY RATING DRIVERS
Cyprus is undergoing a major financial sector, fis
Read more
FOREX-Dollar rallies against yen on potential for expanded BOJ stimulus
NEW YORK, April 22 (Reuters) - The U.S. dollar rose to its
highest level against the yen in three weeks on Friday after a
report said the Bank of Japan is considering expanding its
negative rate policy to bank loans and could cut rates further.
Read more
highest level against the yen in three weeks on Friday after a
report said the Bank of Japan is considering expanding its
negative rate policy to bank loans and could cut rates further.
Read more
BRIEF-Ultratech issues statement in response to Neuberger Berman's notice of director nominations
* Ultratech issues statement in response to Neuberger
Berman's notice of director nominations
Read more
Berman's notice of director nominations
Read more
BRIEF-WisdomTree plans to launch ETFS in Canada
* Says has formed wisdomtree asset management canada, inc. And has named raj
lala as head of wisdomtree canada
Read more
lala as head of wisdomtree canada
Read more
SunEdison plans to keep investments in Latam solar market
SAO PAULO, April 22 (Reuters) - U.S. renewable energy
company SunEdison Inc hopes to maintain its
investments in Latin America's solar energy market despite
filing for bankruptcy on Thursday, a senior executive said on
Friday.
Read more
company SunEdison Inc hopes to maintain its
investments in Latin America's solar energy market despite
filing for bankruptcy on Thursday, a senior executive said on
Friday.
Read more
BRIEF-U.S. Bancorp says agreement to sell 50.1 pct stake in Elavon Do Brasil
* u.s. Bancorp reaches agreement to sell 50.1 percent stake
in elavon do brasil to stone pagamentos, s.a.
Read more
in elavon do brasil to stone pagamentos, s.a.
Read more
EU states back plans for common tax havens' black list
BRUSSELS, April 22 (Reuters) - European Union states agreed
on Friday to work towards setting up a joint blacklist of tax
havens by the end of the summer in the wake of the Panama Papers
leaks.
Read more
on Friday to work towards setting up a joint blacklist of tax
havens by the end of the summer in the wake of the Panama Papers
leaks.
Read more
REFILE-Nigeria's Buhari still against naira devaluation, says has not previously helped
ABUJA, April 22 (Reuters) - President Muhammadu Buhari said
on Friday he is yet to be convinced that Nigeria would benefit
from a devaluation of the naira, despite its sharp fall against
the dollar on the black market and rising inflation.
Read more
on Friday he is yet to be convinced that Nigeria would benefit
from a devaluation of the naira, despite its sharp fall against
the dollar on the black market and rising inflation.
Read more
METALS-Aluminium hits 8-month high, copper at month peak
* Aluminium long position on LME biggest since Nov 2014:
Marex
(Updates with closing prices)
Read more
Marex
(Updates with closing prices)
Read more
BRIEF-African Bank Investments posts profit for year ended Sept 2015
* For year ended 30 Sept 2015, had a profit after tax of
R811 million (2014: R16.2 billion loss) mainly due to
significantly lower impairments on investments
Source text for Eikon:
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R811 million (2014: R16.2 billion loss) mainly due to
significantly lower impairments on investments
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
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BRIEF-ABIL says incurred loss after tax for year ended Sept 2014
* Incurred a loss after tax of R16.2 billion (2013: r225
million) for FY ended Sept 2014 (adds period), mainly due to
impairment of its investments in African Bank Ltd, Ellerine
Holdings Ltd
Read more
million) for FY ended Sept 2014 (adds period), mainly due to
impairment of its investments in African Bank Ltd, Ellerine
Holdings Ltd
Read more
European shares weighed down by carmakers
* Peugeot down after raid by investigators
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development). Adds details, updates prices)
Read more
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development). Adds details, updates prices)
Read more
BRIEF-Standard Bank names interim CFO Daehnke to post permanently
* Arno Daehnke's appointment as chief financial officer,
executive director to its board and board of Standard Bank of
South Africa from May 1
Source text for Eikon:
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executive director to its board and board of Standard Bank of
South Africa from May 1
Source text for Eikon:
Further company coverage:
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Argentina says #CiaoDefault, paying holdouts after 14 years
BUENOS AIRES, April 22 (Reuters) - Argentina began paying
more than $9 billion on Friday to creditors who refused debt
restructurings after a record 2002 default, closing the door on
messy litigation that had kept the country away from global
financial markets ever since.
Read more
more than $9 billion on Friday to creditors who refused debt
restructurings after a record 2002 default, closing the door on
messy litigation that had kept the country away from global
financial markets ever since.
Read more
Zimbabwe to present new IMF financing programme by November
HARARE, April 22 (Reuters) - Zimbabwe will present a
financing programme to the International Monetary Fund by
November this year after clearing its arrears, opening the door
to receiving its first loan from the Fund in nearly two decades,
the finance minister said on Friday.
Read more
financing programme to the International Monetary Fund by
November this year after clearing its arrears, opening the door
to receiving its first loan from the Fund in nearly two decades,
the finance minister said on Friday.
Read more
Sri Lanka shares end steady ahead of cbank rate decision
COLOMBO, April 22 (Reuters) - Sri Lankan shares ended flat
in dull trade on Friday as investors waited for negotiations to
conclude on a loan deal with the International Monetary Fund and
ahead of a central bank decision on interest rates next week.
Read more
in dull trade on Friday as investors waited for negotiations to
conclude on a loan deal with the International Monetary Fund and
ahead of a central bank decision on interest rates next week.
Read more
JBIC undecided on $4 bln Indonesia power project -CEO
TOKYO/JAKARTA, April 22 (Reuters) - The Japan Bank for
International Cooperation (JBIC) has not decided
whether to fund the $4 billion Batang coal-fired power station
project in Indonesia, its chief executive said on Friday,
following protests by green groups and landowners.
Read more
International Cooperation (JBIC) has not decided
whether to fund the $4 billion Batang coal-fired power station
project in Indonesia, its chief executive said on Friday,
following protests by green groups and landowners.
Read more
UPDATE 1-GE profit tops estimates but organic revenue falls 1 percent
NEW YORK, April 22 (Reuters) - General Electric Co
reported a higher-than-expected first-quarter profit on Friday,
but organic revenue fell 1 percent, raising questions about the
company's full-year revenue target.
Read more
reported a higher-than-expected first-quarter profit on Friday,
but organic revenue fell 1 percent, raising questions about the
company's full-year revenue target.
Read more
China Dalian raises transaction fees for coking coal, coke futures
BEIJING, April 22 (Reuters) - The Dalian Commodities
Exchange in northeast China will raise the transaction fees for
coking coal and coke futures contracts from April 26, it said in
a notice late on Friday.
Read more
Exchange in northeast China will raise the transaction fees for
coking coal and coke futures contracts from April 26, it said in
a notice late on Friday.
Read more
BRIEF-Totens Sparebank Q1 net interest income down at NOK 56.6 million
* Q1 net interest income 56.6 million Norwegian crowns ($6.9
million) versus nok 65.3 million year ago
Read more
million) versus nok 65.3 million year ago
Read more
UPDATE 1-Second ex-Citigroup FX trader wins UK unfair dismissal case
LONDON, April 22 (IFR) - A former foreign exchange trader at
Citigroup, Carly McWilliams, has won her unfair dismissal claim
against the bank at a London employment court.
Read more
Citigroup, Carly McWilliams, has won her unfair dismissal claim
against the bank at a London employment court.
Read more
UPDATE 2-Germany denies Merkel-Weidmann call in which she said some ECB criticism excessive
BERLIN, April 22 (Reuters) - A German government spokeswoman
on Friday denied that Chancellor Angela Merkel had told the
Bundesbank president she considered some criticism from German
politicians about the European Central Bank's low interest rates
excessive.
Read more
on Friday denied that Chancellor Angela Merkel had told the
Bundesbank president she considered some criticism from German
politicians about the European Central Bank's low interest rates
excessive.
Read more
Fitch Rates Banco Popular's AT1 Preferred Securities 'B-'
(The following statement was released by the rating agency)
BARCELONA, April 22 (Fitch) Fitch Ratings has assigned Banco
Popular Espanol
S.A.'s (Popular) issue of additional tier 1 high trigger
contingent convertible
perpetual preferred securities (AT1) a rating of 'B-'.
KEY RATING DRIVERS
SUBORDINATED DEBT AND OTHER HYBRID SECURITIES
The notes are AT1 instruments with fully discretionary interest
payments and are
subject to conversion to common equity on a breach of the common
equity tier 1
Read more
BARCELONA, April 22 (Fitch) Fitch Ratings has assigned Banco
Popular Espanol
S.A.'s (Popular) issue of additional tier 1 high trigger
contingent convertible
perpetual preferred securities (AT1) a rating of 'B-'.
KEY RATING DRIVERS
SUBORDINATED DEBT AND OTHER HYBRID SECURITIES
The notes are AT1 instruments with fully discretionary interest
payments and are
subject to conversion to common equity on a breach of the common
equity tier 1
Read more
UPDATE 1-No deal between Greece and lenders on Friday - officials
* IMF says debt relief critical, Germany thinks it is not
needed
(Combines stories, adds background, detail, quotes)
Read more
needed
(Combines stories, adds background, detail, quotes)
Read more
China commodity exchanges crack down on speculation as rebar volumes soar
SHANGHAI, April 22 (Reuters) - China's commodity exchanges
are trying to cool their markets as benchmarks rallied rapidly
this week, with turnover of a single rebar contract on Thursday
worth nearly 50 percent more than the total value traded on the
Shanghai stock exchange.
Read more
are trying to cool their markets as benchmarks rallied rapidly
this week, with turnover of a single rebar contract on Thursday
worth nearly 50 percent more than the total value traded on the
Shanghai stock exchange.
Read more
German engineering sector would be happy with stagnant 2016 sales
DUESSELDORF, Germany, April 22 (Reuters) - Germany's
mechanical engineering sector would be happy with stagnant sales
this year as political uncertainty from Britain to Russia to
North Africa drags on investment decisions, the president of its
industry association, the VDMA, told Reuters.
Read more
mechanical engineering sector would be happy with stagnant sales
this year as political uncertainty from Britain to Russia to
North Africa drags on investment decisions, the president of its
industry association, the VDMA, told Reuters.
Read more
(The following statement was released by the rating agency)
HONG KONG/SHANGHAI/SINGAPORE, April 22 (Fitch)
11540
24%1%
Read more
HONG KONG/SHANGHAI/SINGAPORE, April 22 (Fitch)
11540
24%1%
Read more
Thursday, April 21, 2016
Spain's Sabadell posts 44 pct profit jump boosted by TSB purchase
MADRID, April 22 (Reuters) - Spain's fifth-biggest lender
Banco Sabadell on Friday started to reap the fruits of its
acquisition last year of British peer TSB as first-quarter net
profit jumped 44 percent from the same period in 2015, widely
beating analysts' forecasts.
Read more
Banco Sabadell on Friday started to reap the fruits of its
acquisition last year of British peer TSB as first-quarter net
profit jumped 44 percent from the same period in 2015, widely
beating analysts' forecasts.
Read more
Fitch Upgrades AEONTS' National Long-Term Rating to 'A-(tha)'
(The following statement was released by the rating agency)
BANGKOK, April 22 (Fitch) Fitch Ratings (Thailand) has today
upgraded Aeon Thana
Sinsap (Thailand) Public Company Limited's (AEONTS) National
Long-Term Rating to
'A-(tha)' from 'BBB+(tha)'. The Outlook is Stable. The National
Short-Term
Rating has been affirmed at 'F2(tha)'.
The National Long-Term Rating has been upgraded because AEONTS
has successfully
shown it can sustain financial metrics generally superior to
those in 2011-2012
Read more
BANGKOK, April 22 (Fitch) Fitch Ratings (Thailand) has today
upgraded Aeon Thana
Sinsap (Thailand) Public Company Limited's (AEONTS) National
Long-Term Rating to
'A-(tha)' from 'BBB+(tha)'. The Outlook is Stable. The National
Short-Term
Rating has been affirmed at 'F2(tha)'.
The National Long-Term Rating has been upgraded because AEONTS
has successfully
shown it can sustain financial metrics generally superior to
those in 2011-2012
Read more
SE Asia Stocks-Mostly down; Singapore, Thailand lead falls
JAKARTA, April 22 (Reuters) - Most Southeast Asian stock
markets fell on Friday amid regional weakness as disappointing
earnings from U.S. blue-chip companies and a fall in overnight
oil prices curbed risk appetite.
Singapore led the fall, with the Straits Times Index
trading 0.8 percent lower, dragged down by offshore oil rig
company Keppel Corp Ltd's shares which fell 5 percent.
Suntec REIT fell 1.4 percent after the company
reported a marginal increase in its first-quarter profit i
Read more
markets fell on Friday amid regional weakness as disappointing
earnings from U.S. blue-chip companies and a fall in overnight
oil prices curbed risk appetite.
Singapore led the fall, with the Straits Times Index
trading 0.8 percent lower, dragged down by offshore oil rig
company Keppel Corp Ltd's shares which fell 5 percent.
Suntec REIT fell 1.4 percent after the company
reported a marginal increase in its first-quarter profit i
Read more
UPDATE 2-Aeropostale preparing for bankruptcy as soon as this month - Bloomberg
April 21 (Reuters) - Struggling teen apparel retailer
Aeropostale Inc is preparing to file for bankruptcy as
soon as this month, Bloomberg reported, citing people familiar
with the matter.
Read more
Aeropostale Inc is preparing to file for bankruptcy as
soon as this month, Bloomberg reported, citing people familiar
with the matter.
Read more
Pakistan's hydropower plant prices 100 bln rupees sukuk
April 22 (Reuters) - Pakistan's Neelum Jhelum Hydropower
Company has priced a 10-year 100 billion rupees ($955 million)
sukuk issue, a document from lead arrangers showed, marking one
of the largest infrastructure deals in the country to use
Islamic financing.
Read more
Company has priced a 10-year 100 billion rupees ($955 million)
sukuk issue, a document from lead arrangers showed, marking one
of the largest infrastructure deals in the country to use
Islamic financing.
Read more
China sees tough task this year in tracking graft suspects abroad
BEIJING, April 22 (Reuters) - China faces a tough task in
tracking down fugitives and recovering stolen assets from
abroad, a senior graft-buster said, launching a campaign to
catch corrupt officials who have fled overseas and recover their
ill-gotten assets.
Read more
tracking down fugitives and recovering stolen assets from
abroad, a senior graft-buster said, launching a campaign to
catch corrupt officials who have fled overseas and recover their
ill-gotten assets.
Read more
REFILE-Singapore Q1 private home prices decline 0.7 pct q/q
(Fixes typo in headline)
SINGAPORE, April 22 (Reuters) - Singapore's Urban
Redevelopment Authority released detailed estimates for the
change in private home prices in the first quarter of 2016:
Quarter-on-quarter, percentage price change:
Quarter Q1/2016 Q4/2015
Singapore -0.7 -0.5
private
home prices
(Reporting by Masayuki Kitano; Editing by Simon Cameron-Moore)
Read more
CORRECTED-SecureWorks raises $112 million in year's first technology IPO
April 21 (Reuters) - Dell Inc's cyber security unit
SecureWorks Corp raised $112 million in the first U.S.
initial public offering of a technology company in 2016, less
than it had hoped for, amid investor skepticism over its profit
margins and prospects.
Read more
SecureWorks Corp raised $112 million in the first U.S.
initial public offering of a technology company in 2016, less
than it had hoped for, amid investor skepticism over its profit
margins and prospects.
Read more
UPDATE 3-U.S. regulators propose to restrict Wall Street exec pay
WASHINGTON, April 21 (Reuters) - A group of U.S. regulators
issued a proposal on Thursday to restrict incentive-based
compensation at big financial companies and prevent executives
from receiving outsized rewards for making overly risky gambles.
Read more
issued a proposal on Thursday to restrict incentive-based
compensation at big financial companies and prevent executives
from receiving outsized rewards for making overly risky gambles.
Read more
UPDATE 1-Florida man indicted for bribery in case tied to JPMorgan hacking
NEW YORK, April 21 (Reuters) - A Florida man was arrested on
Thursday for participating in a bribery scheme aimed at
supporting an illegal bitcoin exchange operated by his son and
owned by an Israeli behind a series of hacking attacks on
organizations such as JPMorgan Chase & Co.
Read more
Thursday for participating in a bribery scheme aimed at
supporting an illegal bitcoin exchange operated by his son and
owned by an Israeli behind a series of hacking attacks on
organizations such as JPMorgan Chase & Co.
Read more
UPDATE 2-Blackstone eyes bargains after Q1 earnings miss forecast
NEW YORK, April 21 (Reuters) - Blackstone Group, the
world's largest alternative asset manager, on Thursday posted
unexpectedly weak earnings growth between January and March, hit
by a difficult financial market, but it promised to scour for
bargains in a tough environment.
Read more
world's largest alternative asset manager, on Thursday posted
unexpectedly weak earnings growth between January and March, hit
by a difficult financial market, but it promised to scour for
bargains in a tough environment.
Read more
BRIEF-Donegal Group ups quarterly dividend 1.9 pct on Class A stock
* Board of directors declared a regular quarterly cash
dividend of $0.1375 per share of company's class A common stock
Read more
dividend of $0.1375 per share of company's class A common stock
Read more
VW says accord with class action plaintiffs to yield settlement
BERLIN, April 21 (Reuters) - Volkswagen said it
has reached a framework agreement with class action plaintiffs
in U.S. court proceedings on Thursday.
Read more
has reached a framework agreement with class action plaintiffs
in U.S. court proceedings on Thursday.
Read more
Merkel says ECB criticism in Germany is legitimate
EINDHOVEN, Netherlands, April 21 (Reuters) - Chancellor
Angela Merkel said on Thursday that criticism in Germany of the
European Central Bank's record low interest rates was
legitimate, but she defended the bank's independence in setting
monetary policy.
Read more
Angela Merkel said on Thursday that criticism in Germany of the
European Central Bank's record low interest rates was
legitimate, but she defended the bank's independence in setting
monetary policy.
Read more
Insurers face up to $850 mln in claims from Ecuador earthquake -AIR
FRANKFURT, April 21 (Reuters) - Insurers face damage claims
of up to $850 million from the 7.8 magnitude earthquake that
struck Ecuador on April 16, disaster modelling firm AIR
Worldwide said on Thursday.
Read more
of up to $850 million from the 7.8 magnitude earthquake that
struck Ecuador on April 16, disaster modelling firm AIR
Worldwide said on Thursday.
Read more
MIDEAST STOCKS-Oil-linked stocks lift Saudi but retailers slump; Gulf firms
DUBAI, April 21 (Reuters) - Petrochemical shares helped buoy
Riyadh's stock index on Thursday, but some domestic-focused
shares fell after earnings missed estimates, while other Gulf
stock markets ended the week on a high note ahead of quarterly
results.
Read more
Riyadh's stock index on Thursday, but some domestic-focused
shares fell after earnings missed estimates, while other Gulf
stock markets ended the week on a high note ahead of quarterly
results.
Read more
UPDATE 2-Britain ready to take stake in Tata's UK steel assets as part of rescue deal
LONDON, April 21 (Reuters) - Britain said on Thursday it
could take an equity stake of up to 25 percent in Tata's
UK steel assets as part of a package of hundreds of
millions of pounds of financing to help support a potential
buyer.
Read more
could take an equity stake of up to 25 percent in Tata's
UK steel assets as part of a package of hundreds of
millions of pounds of financing to help support a potential
buyer.
Read more
In rebuff to Germany, Draghi says ECB answers to law, not politicians
FRANKFURT, April 21 (Reuters) - European Central Bank
President Mario Draghi on Thursday dismissed German criticisms
of his and the bank's policy actions, saying the ECB was
independent and obeyed the law, not politicians.
Read more
President Mario Draghi on Thursday dismissed German criticisms
of his and the bank's policy actions, saying the ECB was
independent and obeyed the law, not politicians.
Read more
HIGHLIGHTS-Draghi comments at ECB press conference
FRANKFURT, April 21 (Reuters) - The European Central Bank left
interest rates unchanged as expected on Thursday, holding them
at record lows as it prints money to lift the economy and raise
inflation.
Read more
interest rates unchanged as expected on Thursday, holding them
at record lows as it prints money to lift the economy and raise
inflation.
Read more
Blackstone earnings miss forecast in choppy markets
NEW YORK, April 21 (Reuters) - Blackstone Group LP,
the world's largest alternative asset manager, reported
lower-than-expected economic net income of 31 cents per share
for the first quarter as choppy financial markets dragged on
investment returns.
Read more
the world's largest alternative asset manager, reported
lower-than-expected economic net income of 31 cents per share
for the first quarter as choppy financial markets dragged on
investment returns.
Read more
China banks approved to invest in high tech firms -regulator
BEIJING, April 21 (Reuters) - China has given the go-ahead
for 10 commercial banks, including Bank of China,
the Bank of Beijing and the Bank of Shanghai to
begin a pilot programme to directly invest in technology
companies.
Read more
for 10 commercial banks, including Bank of China,
the Bank of Beijing and the Bank of Shanghai to
begin a pilot programme to directly invest in technology
companies.
Read more
BRIEF-Ingenuity Property sees EPS for six mnths ended Feb.29 down 18-32 pct
* For six months ended 29 February 2016, sees EPS of between
4.9 cents and 5.9 cents, a decrease of 18 pct - 32 pct versus
last year
Read more
4.9 cents and 5.9 cents, a decrease of 18 pct - 32 pct versus
last year
Read more
Britain to allow people to cash in annuities from April 2017
LONDON, April 21 (Reuters) - Britain's finance ministry
published a draft law on Thursday that would allow people from
April 2017 to sell their pension annuity on a new secondary
market.
Read more
published a draft law on Thursday that would allow people from
April 2017 to sell their pension annuity on a new secondary
market.
Read more
India's BSE index edges higher for 6th straight session
April 21 (Reuters) - India's benchmark BSE index
edged up on Thursday, enough to lodge a sixth consecutive
session of gains, as lenders rallied on a report that the
central bank has trimmed the list of companies that needed bad
loan provisioning.
Read more
edged up on Thursday, enough to lodge a sixth consecutive
session of gains, as lenders rallied on a report that the
central bank has trimmed the list of companies that needed bad
loan provisioning.
Read more
Swedish cbank holds rates as expected, extends QE programme
STOCKHOLM, April 21 (Reuters) - Sweden's central bank held
its benchmark rate unchanged at -0.50 percent as expected on
Thursday and said it would expand its asset purchase programme.
Read more
its benchmark rate unchanged at -0.50 percent as expected on
Thursday and said it would expand its asset purchase programme.
Read more
RPT-Swedish cbank holds rates as expected, extends QE programme
STOCKHOLM, April 21 (Reuters) - Sweden's central bank held
its benchmark rate unchanged at -0.50 percent as expected on
Thursday and said it would expand its asset purchase programme.
Read more
its benchmark rate unchanged at -0.50 percent as expected on
Thursday and said it would expand its asset purchase programme.
Read more
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