(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Asia-Pacific Structured Finance
Chart of the
Month - May 2016
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=882368
SYDNEY, May 30 (Fitch) The reduction in retail petrol prices
during the two
years to May 2016 has provided Australian households with an
opportunity to
reduce their living expenses, boost savings and cope better with
mortgage
obligations.
Australian households s
Read more
Monday, May 30, 2016
Fitch: More Sub-Sector Differentiation in Chinese Property Drives Downgrades
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: China Property: 2015 Results
Prompting Downgrades
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=880634
HONG KONG, May 30 (Fitch) Fitch Ratings says in a new report
that the greater
divergence in the performance of Chinese property companies in
2015 has driven
more negative rating actions in 2016. There were nine negative
rating actions
between 1 January and 15 May 2016, compare
Read more
Link to Fitch Ratings' Report: China Property: 2015 Results
Prompting Downgrades
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=880634
HONG KONG, May 30 (Fitch) Fitch Ratings says in a new report
that the greater
divergence in the performance of Chinese property companies in
2015 has driven
more negative rating actions in 2016. There were nine negative
rating actions
between 1 January and 15 May 2016, compare
Read more
S.Korea April industrial output falls again, worse than expected
SEOUL, May 31 (Reuters) - South Korea's industrial output
fell in April for a second straight month in sequential terms
and by more than expected, data showed on Tuesday, raising
concerns over the strength in the sector.
Read more
fell in April for a second straight month in sequential terms
and by more than expected, data showed on Tuesday, raising
concerns over the strength in the sector.
Read more
Brazil's BNDES to change entire board under new leadership -sources
BRASILIA, May 30 (Reuters) - Brazil's new interim government
will replace the entire board of its state development bank
BNDES this week, two sources familiar with the matter told
Reuters on Monday, in what would be the latest leadership
overhaul in state-run lenders.
Read more
will replace the entire board of its state development bank
BNDES this week, two sources familiar with the matter told
Reuters on Monday, in what would be the latest leadership
overhaul in state-run lenders.
Read more
StanChart launches mobile banking push in Africa as rivals retreat
LONDON, May 31 (Reuters) - Standard Chartered is to
launch its mobile and online banking platform in eight African
countries, its consumer banking chief for the region told
Reuters, as the lender seeks to grow in Africa at a time when
some European banks are retreating.
Read more
launch its mobile and online banking platform in eight African
countries, its consumer banking chief for the region told
Reuters, as the lender seeks to grow in Africa at a time when
some European banks are retreating.
Read more
BRIEF-Summit Industrial Income REIT announces property acquisition and $30 million equity offering
* Summit industrial income reit announces property
acquisition and $30 million equity offering
Read more
acquisition and $30 million equity offering
Read more
CORRECTED (OFFICIAL)-Missed Rio payment 'credit negative' for all Brazilian states -Moody's
SAO PAULO, May 30 (Reuters) - Missed debt payments by Rio de
Janeiro underscore credit risks facing all Brazilian states,
adding to pressure on the federal government to offer more
generous relief to struggling states, Moody's Investors Service
said on Monday.
Read more
Janeiro underscore credit risks facing all Brazilian states,
adding to pressure on the federal government to offer more
generous relief to struggling states, Moody's Investors Service
said on Monday.
Read more
WORLD NEWS SCHEDULE AT 1900 GMT/3 PM ET
SOUTHERN OUTSKIRTS OF FALLUJA, Iraq - The Iraqi army storms
to the southern edge of Falluja under U.S. air support and
captures a police station inside the city limits, launching a
direct assault to retake one of the main strongholds of Islamic
State militants. (MIDEAST-CRISIS/IRAQ-FALLUJA (UPDATE 3,
PICTURES, TV), moved, by Saif Hameed and Kareem Raheem, 867
words)
Read more
to the southern edge of Falluja under U.S. air support and
captures a police station inside the city limits, launching a
direct assault to retake one of the main strongholds of Islamic
State militants. (MIDEAST-CRISIS/IRAQ-FALLUJA (UPDATE 3,
PICTURES, TV), moved, by Saif Hameed and Kareem Raheem, 867
words)
Read more
CANADA STOCKS-TSX dips as energy stocks retreat ahead of OPEC meeting
TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
Read more
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
Read more
BRIEF-Carige approves guidelines for 2016-2019 business plan
* they will be sent to European Central Bank and will be
developed in the bank's new Business Plan by June 30
Read more
developed in the bank's new Business Plan by June 30
Read more
UPDATE 1-Russia's Mechel says shareholders approve debt restructuring deals
MOSCOW, May 30 (Reuters) - Shareholders of indebted Russian
coal and steel producer Mechel approved on a second
attempt a series of debt restructuring deals with major
creditors, Mechel said in a statement on Monday.
Read more
coal and steel producer Mechel approved on a second
attempt a series of debt restructuring deals with major
creditors, Mechel said in a statement on Monday.
Read more
UPDATE 1-Petrobras CEO Bendine offers resignation; replacement passes test
RIO DE JANEIRO, May 30 (Reuters) - Aldemir Bendine, chief
executive officer of Brazil's state-led oil company Petroleo
Brasileiro SA, offered his resignation on Monday and
is set to be replaced by Pedro Parente, a source with direct
knowledge of the situation told Reuters.
Read more
executive officer of Brazil's state-led oil company Petroleo
Brasileiro SA, offered his resignation on Monday and
is set to be replaced by Pedro Parente, a source with direct
knowledge of the situation told Reuters.
Read more
UPDATE 1-Eataly to list 30 pct stake in next two years -chairman
* Eataly to open 3 new food stores in U.S. by March '17
(Adds quotes by Eataly founder, Autogrill)
Read more
(Adds quotes by Eataly founder, Autogrill)
Read more
Italy's Consob carries out searches at Mediobanca on RCS bid - source
MILAN, May 30 (Reuters) - Italy market regulator Consob has
carried out an inspection at investment bank Mediobanca
with tax police over a bid launched on publisher RCS
MediaGroup, a source close to the lender said on
Monday.
Read more
carried out an inspection at investment bank Mediobanca
with tax police over a bid launched on publisher RCS
MediaGroup, a source close to the lender said on
Monday.
Read more
Alliance Trust says RIT Capital makes informal merger proposal
May 30 (Reuters) - British investment firm Alliance Trust
Plc said it had received an informal merger approach
from RIT Capital Partners Plc, which is chaired by
financier Jacob Rothschild.
Read more
Plc said it had received an informal merger approach
from RIT Capital Partners Plc, which is chaired by
financier Jacob Rothschild.
Read more
CORRECTED (OFFICIAL)-China's CNPC eyes role in Rosneft's privatisation - Interfax
MOSCOW, May 30 (Reuters) - China National Petroleum
Corporation (CNPC) is interested in taking part in the
privatisation of Russia's top oil producer Rosneft,
Interfax news agency cited Russian Energy Minister Alexander
Novak as saying on Monday.
Read more
Corporation (CNPC) is interested in taking part in the
privatisation of Russia's top oil producer Rosneft,
Interfax news agency cited Russian Energy Minister Alexander
Novak as saying on Monday.
Read more
WORLD NEWS SCHEDULE AT 1400 GMT/10 AM ET
SOUTHERN OUTSKIRTS OF FALLUJA, Iraq - The Iraqi army storms
to the southern edge of Falluja under U.S. air support and
captured a police station inside the city limits, launching a
direct assault to retake one of the main strongholds of Islamic
State militants. (MIDEAST-CRISIS/IRAQ-FALLUJA (UPDATE 2,
PICTURES, TV), moved, by Saif Hameed and Kareem Raheem, 867
words)
Read more
to the southern edge of Falluja under U.S. air support and
captured a police station inside the city limits, launching a
direct assault to retake one of the main strongholds of Islamic
State militants. (MIDEAST-CRISIS/IRAQ-FALLUJA (UPDATE 2,
PICTURES, TV), moved, by Saif Hameed and Kareem Raheem, 867
words)
Read more
BRIEF-Kremlin says Hans-Hermann Mindermann appointed to management board
* Hans-Hermann Mindermann appointed to the management board
of the company
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
of the company
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
UPDATE 1-India caps refiners' dollar buying for Iran dues to shield rupee -sources
NEW DELHI, May 30 (Reuters) - The Reserve Bank of India has
capped weekly dollar purchases by oil refiners to pay off their
debts to Iran in order to avoid pressure on the rupee, three
sources said on Monday.
Read more
capped weekly dollar purchases by oil refiners to pay off their
debts to Iran in order to avoid pressure on the rupee, three
sources said on Monday.
Read more
BRIEF-GAG Immobilien: delisting from Duesseldorf stock exchange effective Nov. 30
* Delisting from free market of Duesseldorf stock exchange to be effective on Nov. 30
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-Columbus Energy announces strategy, forecast for 2016-2020
* Plans to sell and assembly in next 5 years more than
50,000 installations of total power of over 200,000 kWp
Read more
50,000 installations of total power of over 200,000 kWp
Read more
Fitch Affirms Egypt at 'B'; Outlook Stable
(The following statement was released by the rating agency)
HONG KONG, May 30 (Fitch) Fitch Ratings has affirmed Egypt's
Long-Term Foreign-
and Local-Currency Issuer Default Ratings (IDRs) at 'B' with a
Stable Outlook.
The issue ratings on Egypt's senior unsecured foreign- and
local-currency bonds
have also been affirmed at 'B'. The Country Ceiling has been
affirmed at 'B' and
the Short-Term Foreign-Currency IDR at 'B'.
KEY RATING DRIVERS
Egypt's ratings balance a high fiscal deficit and ge
Read more
HONG KONG, May 30 (Fitch) Fitch Ratings has affirmed Egypt's
Long-Term Foreign-
and Local-Currency Issuer Default Ratings (IDRs) at 'B' with a
Stable Outlook.
The issue ratings on Egypt's senior unsecured foreign- and
local-currency bonds
have also been affirmed at 'B'. The Country Ceiling has been
affirmed at 'B' and
the Short-Term Foreign-Currency IDR at 'B'.
KEY RATING DRIVERS
Egypt's ratings balance a high fiscal deficit and ge
Read more
SE Asia Stocks-Most rise after Yellen's comment
By Rushil Dutta
May 30 (Reuters) - Most Southeast Asian stock markets rose
on Monday as a top U.S. Federal Reserve official echoed comments
made by Fed Chair Janet Yellen last week about the possibility
of an interest rate hike in the near future.
St. Louis Federal Reserve President James Bullard said on
Monday global markets appeared to be "well-prepared" for an
interest rate rise in summer, although he did not specify a date
for the policy move.
On Friday, Yellen had said the Fed
Read more
May 30 (Reuters) - Most Southeast Asian stock markets rose
on Monday as a top U.S. Federal Reserve official echoed comments
made by Fed Chair Janet Yellen last week about the possibility
of an interest rate hike in the near future.
St. Louis Federal Reserve President James Bullard said on
Monday global markets appeared to be "well-prepared" for an
interest rate rise in summer, although he did not specify a date
for the policy move.
On Friday, Yellen had said the Fed
Read more
BRIEF-Compartamos Financiera appoints new chairman
* Said on Friday appoints Manuel de la Fuente Morales as
chairman replacing Fernando Alvarez Toca
Read more
chairman replacing Fernando Alvarez Toca
Read more
ASIA CREDIT CLOSE: Corporate news moves market in light trading
SINGAPORE, May 30 (IFR) - Corporate news was the main driver
of prices on Monday, with the UK and US on holiday and trading
volumes subdued.
Read more
of prices on Monday, with the UK and US on holiday and trading
volumes subdued.
Read more
German shares hit one-month high, PostNL surges
LONDON, May 30 (Reuters) - Germany's DAX share index climbed
to a one-month high on Monday, with some investors betting that
the euro's relative weakness against the U.S. dollar would
underpin German exporters.
Read more
to a one-month high on Monday, with some investors betting that
the euro's relative weakness against the U.S. dollar would
underpin German exporters.
Read more
UPDATE 1-Zurich Insurance former CEO Senn commits suicide -company
ZURICH, May 30 (Reuters) - Former Zurich Insurance
Chief Executive Martin Senn has committed suicide, the company
said on Monday, becoming the second top executive at the group
to take his own life in less than three years.
Read more
Chief Executive Martin Senn has committed suicide, the company
said on Monday, becoming the second top executive at the group
to take his own life in less than three years.
Read more
BRIEF-Orava Asuntorahasto gets authorisation for alternative investment fund manager
* The Financial Supervisory Authority has granted management company of Orava Residential
REIT authorisation for alternative investment fund manager
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
REIT authorisation for alternative investment fund manager
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
TABLE-Foreign trading in South Korean stocks
SEOUL, May 30 (Reuters) - Daily net trading in shares on
South Korea's main stock exchange by three major
categories of investors as of 0724 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
May 30 *121.7 -124.6 -35.0
^May 27 149.4 -10.7 -176.0
May 26 6.8 64.4 -95.5
May 25 124.9
Read more
South Korea's main stock exchange by three major
categories of investors as of 0724 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
May 30 *121.7 -124.6 -35.0
^May 27 149.4 -10.7 -176.0
May 26 6.8 64.4 -95.5
May 25 124.9
Read more
Sunday, May 29, 2016
HSBC boosts oversight of safety boxes in Hong Kong
HONG KONG, May 30 (Reuters) - HSBC has introduced stricter
rules for the use of safety-deposit boxes in Hong Kong, which
customers use to store valuables but which are at risk of being
abused for money laundering and terrorism financing.
Read more
rules for the use of safety-deposit boxes in Hong Kong, which
customers use to store valuables but which are at risk of being
abused for money laundering and terrorism financing.
Read more
Morning News Call - India, May 30
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05302016.pdf
FACTORS TO WATCH
10:30 am: Trade Minister Nirmala Sitharaman briefs media on completion of two
years in office in New Delhi.
INDIA TOP NEWS
India Inc shows growth spreading by end of Modi's sophomore year
Indian companies are posting their best earnings results since Prime Minister
Narendra Modi swept to power two years ago, giving the clea
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05302016.pdf
FACTORS TO WATCH
10:30 am: Trade Minister Nirmala Sitharaman briefs media on completion of two
years in office in New Delhi.
INDIA TOP NEWS
India Inc shows growth spreading by end of Modi's sophomore year
Indian companies are posting their best earnings results since Prime Minister
Narendra Modi swept to power two years ago, giving the clea
Read more
Kuveyt Turk raises 300 mln lira via public sukuk sale
May 30 (Reuters) - Turkish participation bank Kuveyt Turk
said it has raised 300 million lira ($101.5 million) of Islamic
bonds, and plans to regularly use public sales to tap the sukuk
market.
Read more
said it has raised 300 million lira ($101.5 million) of Islamic
bonds, and plans to regularly use public sales to tap the sukuk
market.
Read more
China loans to overcapacity industries up only 0.1 pct in Q1 - Xinhua
SHANGHAI, May 30 (Reuters) - Outstanding loans to five
industries suffering from major overcapacity were up only 0.1
percent in the first quarter from the same period last year, a
top official from China's banking regulator said Sunday
according to state news agency Xinhua.
Read more
industries suffering from major overcapacity were up only 0.1
percent in the first quarter from the same period last year, a
top official from China's banking regulator said Sunday
according to state news agency Xinhua.
Read more
Fitch Assigns 'BBB(exp)' rating to ANZ's AT1 Notes
(The following statement was released by the rating agency)
SYDNEY, May 29 (Fitch) Fitch Ratings has assigned Australia and
New Zealand
Banking Group Limited's (ANZ, AA-/Stable) proposed US-dollar
fixed-rate
resetting perpetual subordinated contingent convertible
securities an expected
rating of 'BBB(exp)'. ANZ expects the notes to qualify as
additional Tier 1
securities for regulatory capital purposes.
ANZ can redeem all the notes on each interest reset date with
the approval of
the Austra
Read more
SYDNEY, May 29 (Fitch) Fitch Ratings has assigned Australia and
New Zealand
Banking Group Limited's (ANZ, AA-/Stable) proposed US-dollar
fixed-rate
resetting perpetual subordinated contingent convertible
securities an expected
rating of 'BBB(exp)'. ANZ expects the notes to qualify as
additional Tier 1
securities for regulatory capital purposes.
ANZ can redeem all the notes on each interest reset date with
the approval of
the Austra
Read more
Australia's Patties Foods says gets A$230 mln bid from PEP
SYDNEY, May 30 (Reuters) - Australian packaged food supplier
Patties Foods Ltd said on Monday it has received a
A$230 million ($165 million) takoever bid from private equity
firm Pacific Equity Partners (PEP).
Read more
Patties Foods Ltd said on Monday it has received a
A$230 million ($165 million) takoever bid from private equity
firm Pacific Equity Partners (PEP).
Read more
New credit card scrutiny sends Indonesians back to cash
JAKARTA, May 30 (Reuters) - Indonesia's plan to track all
credit card transactions in a bid to crack down on rampant tax
evasion is pushing people back to cash, stifling government
efforts to track illicit money flows.
Read more
credit card transactions in a bid to crack down on rampant tax
evasion is pushing people back to cash, stifling government
efforts to track illicit money flows.
Read more
UPDATE 2-Bonnie downgraded as it swirls ups the South Carolina coast
CHARLESTON, S.C., May 29 (Reuters) - Tropical Depression
Bonnie was swirling over the South Carolina coast on Sunday
evening, dumping several inches (cm) of rain on the area as it
slowly crawled up the coast into Monday.
Read more
Bonnie was swirling over the South Carolina coast on Sunday
evening, dumping several inches (cm) of rain on the area as it
slowly crawled up the coast into Monday.
Read more
Australia shares seen extending gains, NZ shares steady in early trade
SYDNEY, May 30 (Reuters) - Australian shares are seen
extending gains on Monday, following a solid finish on Wall
Street last week, though natural stocks could put a lid on
advances after gold and oil prices slipped.
Local share price index futures inched up 0.4
percent to 5,433.0, a 27.1-point premium to the underlying
S&P/ASX 200 index close on Friday. The benchmark climbed
to a nine-month peak in the last session and was up 3 percent so
far this month.
Global miner BHP Billiton is exp
Read more
extending gains on Monday, following a solid finish on Wall
Street last week, though natural stocks could put a lid on
advances after gold and oil prices slipped.
Local share price index futures inched up 0.4
percent to 5,433.0, a 27.1-point premium to the underlying
S&P/ASX 200 index close on Friday. The benchmark climbed
to a nine-month peak in the last session and was up 3 percent so
far this month.
Global miner BHP Billiton is exp
Read more
Philippines' PLDT and Globe to buy telco assets of San Miguel -Inquirer
MANILA, May 30 (Reuters) - Philippine Long Distance
Telephone Co, the country's biggest telecoms firm, and
Globe Telecom Inc, will jointly buy the
telecommunications assets of conglomerate San Miguel Corp
, the Philippine Daily Inquirer reported on Monday,
quoting sources.
Read more
Telephone Co, the country's biggest telecoms firm, and
Globe Telecom Inc, will jointly buy the
telecommunications assets of conglomerate San Miguel Corp
, the Philippine Daily Inquirer reported on Monday,
quoting sources.
Read more
Israeli police recommend charges against Netanyahu's wife-reports
JERUSALEM, May 29 (Reuters) - Israeli police on Sunday
recommended bringing criminal charges against Prime Minister
Benjamin Netanyahu's wife, Sara, Israeli media said, on
suspicion she misused state funds at their official and private
residences.
Read more
recommended bringing criminal charges against Prime Minister
Benjamin Netanyahu's wife, Sara, Israeli media said, on
suspicion she misused state funds at their official and private
residences.
Read more
RPT-Pimco keen on Australian dollar bank subordinated debt
SYDNEY, May 27 (Reuters) - Pimco, one of the world's biggest
bond investors, is upbeat on Australian dollar bank subordinated
bonds because they offer more reasonable valuations compared
with two years ago, but it sees no value in government bonds
paying negative yields.
Read more
bond investors, is upbeat on Australian dollar bank subordinated
bonds because they offer more reasonable valuations compared
with two years ago, but it sees no value in government bonds
paying negative yields.
Read more
Box Office: 'X-Men: Apocalypse' Hits $65 Million, 'Alice Through the Looking Glass' Flops
LOS ANGELES, May 29 (Variety.com) - Fox's "X-Men:
Apocalypse" and Disney's "Alice Through the Looking Glass"
squared off over Memorial Day weekend, but both blockbuster
hopefuls emerged bruised from this box office clash of the
titans.
Read more
Apocalypse" and Disney's "Alice Through the Looking Glass"
squared off over Memorial Day weekend, but both blockbuster
hopefuls emerged bruised from this box office clash of the
titans.
Read more
Japan's Mizuho sees assets shrinking on planned portfolio reshuffle
TOKYO, May 30 (Reuters) - Mizuho Financial Group's
$1.8 trillion of assets are set to shrink over the next three
years as the lender plans to reduce holdings of mortgage loans
and bonds to counter higher regulatory costs and ultra-low
returns, its CEO said.
Read more
$1.8 trillion of assets are set to shrink over the next three
years as the lender plans to reduce holdings of mortgage loans
and bonds to counter higher regulatory costs and ultra-low
returns, its CEO said.
Read more
Abu Dhabi gov't may act to address property glut - official
ABU DHABI, May 29 (Reuters) - Abu Dhabi's property market is
over-supplied and the government may take steps to address the
imbalance, a senior official said on Sunday.
Read more
over-supplied and the government may take steps to address the
imbalance, a senior official said on Sunday.
Read more
MIDEAST STOCKS-Scrapped Americana sale weighs on Kuwait; other bourses mixed
DUBAI, May 29 (Reuters) - Shares in Kuwaiti companies linked
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
Read more
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
Read more
Africa Israel Investments hit by Russian economic woes
JERUSALEM, May 29 (Reuters) - Israeli property developer
Africa Israel Investments, whose Russia-focused
subsidiary AFI Development has been hit hard by the
weak Russian economy, reported on Sunday that it made a
first-quarter loss.
Read more
Africa Israel Investments, whose Russia-focused
subsidiary AFI Development has been hit hard by the
weak Russian economy, reported on Sunday that it made a
first-quarter loss.
Read more
Kuwait's KNPC says in talks for $6.4 bln in loans for Clean Fuels project
DUBAI, May 29 (Reuters) - Kuwait National Petroleum Company
(KNPC) is in final stages of talks with international
institutions for $6.4 billion in the second tranche of loans to
finance its multi-billion dollar Clean Fuels project, state news
agency KUNA reported on Sunday.
Read more
(KNPC) is in final stages of talks with international
institutions for $6.4 billion in the second tranche of loans to
finance its multi-billion dollar Clean Fuels project, state news
agency KUNA reported on Sunday.
Read more
MIDEAST STOCKS-Kuwaiti Kharafi-linked stocks slip on Americana sale collapse
DUBAI, May 29 (Reuters) - Shares in Kuwaiti companies linked
with the al-Kharafi family tumbled on Sunday after the
multibillion-dollar sale of another Kharafi-controlled business
was scrapped.
Read more
with the al-Kharafi family tumbled on Sunday after the
multibillion-dollar sale of another Kharafi-controlled business
was scrapped.
Read more
Qatar National Bank says closes syndication of 2.25 bln euro 3-yr loan
DUBAI, May 29 (Reuters) - Qatar National Bank
(QNB) has closed the syndication of a 2.25 billion euro ($2.50
billion), three-year loan, it said on Sunday.
Read more
(QNB) has closed the syndication of a 2.25 billion euro ($2.50
billion), three-year loan, it said on Sunday.
Read more
Saturday, May 28, 2016
BRIEF-Italy's Carige denies press report of 400 mln euros cap increase
* press report in La Repubblica daily of bank planning a
possible capital increase for up to 400 mln euros is groundless
Read more
possible capital increase for up to 400 mln euros is groundless
Read more
UPDATE 2-French fuel supply improving, but crisis not over - minister
PARIS, May 28 (Reuters) - France's fuel supply crisis is not
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposed to
labour reform plans.
Read more
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposed to
labour reform plans.
Read more
UPDATE 1 -French fuel supply improving, but crisis not over - minister
PARIS, May 28 (Reuters) - France's fuel supply crisis is not
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposing
labour reform plans.
Read more
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposing
labour reform plans.
Read more
UniCredit outgoing CEO says role as chairman "not on the table"
MILAN, May 28 (Reuters) - UniCredit's outgoing Chief
Executive Federico Ghizzoni, who agreed to step down this week,
said on Saturday the possibility of him becoming chairman of
Italy's biggest bank by assets was "not on the table".
Read more
Executive Federico Ghizzoni, who agreed to step down this week,
said on Saturday the possibility of him becoming chairman of
Italy's biggest bank by assets was "not on the table".
Read more
Italy to sell old prisons to build new ones
ROME, May 28 (Reuters) - Italy plans to sell historic
prisons in Rome, Milan, and Naples, which hold more than 3,000
inmates, to pay for modern ones, the justice minister said in a
newspaper interview.
Read more
prisons in Rome, Milan, and Naples, which hold more than 3,000
inmates, to pay for modern ones, the justice minister said in a
newspaper interview.
Read more
French fuel supply improving, but crisis not over -minister
PARIS, May 28 (Reuters) - The fuel supply situation in
France is improving, but the crisis caused by strikes is not
fully over, the country's transport minister said on Saturday.
Read more
France is improving, but the crisis caused by strikes is not
fully over, the country's transport minister said on Saturday.
Read more
UPDATE 1-Putin aide: not inevitable Russia will raise retirement age
MOSCOW, May 28 (Reuters) - Russia's pension system faces a
growing deficit that must be tackled, but raising the retirement
age is not the only option, President Vladimir Putin's economic
aide Andrei Belousov said on Saturday.
Read more
growing deficit that must be tackled, but raising the retirement
age is not the only option, President Vladimir Putin's economic
aide Andrei Belousov said on Saturday.
Read more
Kremlin aide: not inevitable that Russia will raise pension age
MOSCOW, May 28 (Reuters) - It is not inevitable that Russia
will raise the pension age, but the alternatives are difficult,
President Vladimir Putin's economic aide Andrei Belousov said in
a television interview broadcast on Saturday.
Read more
will raise the pension age, but the alternatives are difficult,
President Vladimir Putin's economic aide Andrei Belousov said in
a television interview broadcast on Saturday.
Read more
RPT-Kremlin aide: not inevitable that Russia will raise pension age
MOSCOW, May 28 (Reuters) - It is not inevitable that Russia
will raise the pension age, but the alternatives are difficult,
President Vladimir Putin's economic aide Andrei Belousov said in
a television interview broadcast on Saturday.
Read more
will raise the pension age, but the alternatives are difficult,
President Vladimir Putin's economic aide Andrei Belousov said in
a television interview broadcast on Saturday.
Read more
Friday, May 27, 2016
BRIEF-Trovagene files for mixed shelf of up to $250 million
* Files for mixed shelf of up to $250 million - SEC filing
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
Williams tells Energy Transfer it would consider new offer -sources
May 27 (Reuters) - Williams Cos Inc has informed
Energy Transfer Equity (ETE) LP that it is open to
considering a new offer that would amend terms of its $20
billion sale to its larger U.S pipeline peer in an effort to end
a stalemate between the companies, according to people familiar
with the matter.
Read more
Energy Transfer Equity (ETE) LP that it is open to
considering a new offer that would amend terms of its $20
billion sale to its larger U.S pipeline peer in an effort to end
a stalemate between the companies, according to people familiar
with the matter.
Read more
Tropical storm warning to be issued for South Carolina coast
May 27 (Reuters) - A tropical storm warning will be issued
at 5 p.m. EDT (2100 GMT) on Friday for the South Carolina coast
after a tropical depression formed north of the Bahamas, the
National Hurricane Center said on its website.
Read more
at 5 p.m. EDT (2100 GMT) on Friday for the South Carolina coast
after a tropical depression formed north of the Bahamas, the
National Hurricane Center said on its website.
Read more
Fitch Affirms Rwanda at 'B+'; Outlook Stable
(The following statement was released by the rating agency)
LONDON, May 27 (Fitch) Fitch Ratings has affirmed Rwanda's
Long-Term Foreign and
Local Currency Issuer Default Ratings (IDR) at 'B+' with Stable
Outlooks. The
issue ratings on Rwanda's senior unsecured foreign-currency
bonds have also been
affirmed at 'B+'. The Country Ceiling has been affirmed at 'B+'
and the
Short-Term Foreign Currency IDR at 'B'.
KEY RATING DRIVERS
Rwanda's 'B+' IDRs and Stable Outlook balance the economy's high
Read more
LONDON, May 27 (Fitch) Fitch Ratings has affirmed Rwanda's
Long-Term Foreign and
Local Currency Issuer Default Ratings (IDR) at 'B+' with Stable
Outlooks. The
issue ratings on Rwanda's senior unsecured foreign-currency
bonds have also been
affirmed at 'B+'. The Country Ceiling has been affirmed at 'B+'
and the
Short-Term Foreign Currency IDR at 'B'.
KEY RATING DRIVERS
Rwanda's 'B+' IDRs and Stable Outlook balance the economy's high
Read more
Fitch Affirms Cameroon at 'B'; Outlook Stable
(The following statement was released by the rating agency)
LONDON, May 27 (Fitch) Fitch Ratings has affirmed Cameroon's
Long-term foreign
and local currency Issuer Default Ratings (IDR) at 'B'. The
Outlooks are Stable.
The issue rating on Cameroon's senior unsecured foreign currency
bond has also
been affirmed at 'B'. The Short-term foreign currency IDR has
been affirmed at
'B'. Fitch has also affirmed the Country Ceiling for Cameroon at
'BBB-', in line
with the Country Ceiling for the Com
Read more
LONDON, May 27 (Fitch) Fitch Ratings has affirmed Cameroon's
Long-term foreign
and local currency Issuer Default Ratings (IDR) at 'B'. The
Outlooks are Stable.
The issue rating on Cameroon's senior unsecured foreign currency
bond has also
been affirmed at 'B'. The Short-term foreign currency IDR has
been affirmed at
'B'. Fitch has also affirmed the Country Ceiling for Cameroon at
'BBB-', in line
with the Country Ceiling for the Com
Read more
Banks, funds and asset managers key buyers of Russian Eurobond - FinMin
MOSCOW, May 27 (Reuters) - Banks, funds and asset management
firms were key buyers of Russia's Eurobond issue this week, the
finance ministry said on Friday.
Read more
firms were key buyers of Russia's Eurobond issue this week, the
finance ministry said on Friday.
Read more
Colombia cenbank ups rate to 7.25 pct to ease stubborn inflation
BOGOTA, May 27 (Reuters) - Colombia's central bank raised
its benchmark lending rate on Friday to 7.25 percent, the ninth
consecutive monthly increase, in a bid to ease stubborn
inflation.
Read more
its benchmark lending rate on Friday to 7.25 percent, the ninth
consecutive monthly increase, in a bid to ease stubborn
inflation.
Read more
Veneto Banca's capital increase likely to be priced at 0.10 euros-source
MILAN, May 27 (Reuters) - A risky 1 billion euro capital
increase at Italian regional lender Veneto Banca is likely to be
priced at 0.10 euros per share, a source with direct knowledge
of the transaction told Reuters on Friday.
Read more
increase at Italian regional lender Veneto Banca is likely to be
priced at 0.10 euros per share, a source with direct knowledge
of the transaction told Reuters on Friday.
Read more
Traders bet on rising rates after Fed's Yellen signals hikes are coming
May 27 (Reuters) - U.S. short-term interest rate futures
contracts fell on Friday after Federal Reserve Chair Janet
Yellen said it would probably be appropriate to raise rates in
coming months.
Read more
contracts fell on Friday after Federal Reserve Chair Janet
Yellen said it would probably be appropriate to raise rates in
coming months.
Read more
Trump tower in Canada close to sale, name may change -lawyer
TORONTO, May 27 (Reuters) - Toronto's Trump tower is close
to being sold and may not bear the name of presumptive U.S.
Republican presidential nominee Donald Trump after it changes
hands, a lawyer for its owner said on Friday.
Read more
to being sold and may not bear the name of presumptive U.S.
Republican presidential nominee Donald Trump after it changes
hands, a lawyer for its owner said on Friday.
Read more
Fitch Affirms French Department of La Manche at 'AA-'; Outlook Stable
(The following statement was released by the rating agency)
PARIS, May 27 (Fitch) Fitch Ratings has affirmed the French
Department of La
Manche's Long-Term Foreign and Local Currency Issuer Default
Ratings (IDR) at
'AA-' and Short-Term Foreign Currency IDR at 'F1+'. The Outlook
is Stable.
The affirmation reflects La Manche's sound budgetary
performance, despite a
slight expected weakening in 2016, and moderate debt. The Stable
Outlook
reflects our expectations that the department will conta
Read more
PARIS, May 27 (Fitch) Fitch Ratings has affirmed the French
Department of La
Manche's Long-Term Foreign and Local Currency Issuer Default
Ratings (IDR) at
'AA-' and Short-Term Foreign Currency IDR at 'F1+'. The Outlook
is Stable.
The affirmation reflects La Manche's sound budgetary
performance, despite a
slight expected weakening in 2016, and moderate debt. The Stable
Outlook
reflects our expectations that the department will conta
Read more
No change to gilt future trading times after Brexit vote - ICE
LONDON, May 27 (Reuters) - The main exchange for trading in
UK government bond futures said on Friday it will not open early
on the morning after Britain's vote on European Union
membership.
Read more
UK government bond futures said on Friday it will not open early
on the morning after Britain's vote on European Union
membership.
Read more
Sberbank's Gref: difficulties to haunt Russian banks next year too
MOSCOW, May 27 (Reuters) - Russia's banking sector will face
difficult operating conditions for the remainder of this year as
well as next year, the chief executive of top bank Sberbank
said on Friday.
Read more
difficult operating conditions for the remainder of this year as
well as next year, the chief executive of top bank Sberbank
said on Friday.
Read more
France says fuel supply improving after depot blockades cleared
PARIS, May 27 (Reuters) - The fuel supply situation in
France is improving after a week of disruption and shortages
caused by strikes and all but one of the country's fuel depot
blockades has been cleared, a transport ministry spokesman said
on Friday.
Read more
France is improving after a week of disruption and shortages
caused by strikes and all but one of the country's fuel depot
blockades has been cleared, a transport ministry spokesman said
on Friday.
Read more
UPDATE 2-State Bank of India's outlook eases pain of profit fall
* Central bank-ordered bad loan clean-up has hurt Indian
banks
(Adds SBI guidance, other state-run bank results)
Read more
banks
(Adds SBI guidance, other state-run bank results)
Read more
BRIEF-VTB Bank increases stake in Enel Russia
* Says VTB Bank increases stake in company to 7.69 pct from
0.29 pct
Source text: http://bit.ly/1NRTec0
Read more
0.29 pct
Source text: http://bit.ly/1NRTec0
Read more
UPDATE 1-China stocks, money markets freeze up on policy uncertainties
SHANGHAI, May 27 (Reuters) - Growing uncertainty over
China's monetary policy and economic health is keeping investors
from making bets in the country's stock and money markets,
sending volumes plunging.
Read more
China's monetary policy and economic health is keeping investors
from making bets in the country's stock and money markets,
sending volumes plunging.
Read more
Indian shares post best weekly gain in nearly 3 months on upbeat results
May 27 (Reuters) - Indian shares rose more than 1 percent on
Friday, posting their fourth straight session of gains and the
best weekly jump in 12 weeks, after companies such as Bharat
Petroleum Corp Ltd posted upbeat earnings.
Read more
Friday, posting their fourth straight session of gains and the
best weekly jump in 12 weeks, after companies such as Bharat
Petroleum Corp Ltd posted upbeat earnings.
Read more
Anglo Irish liquidators to pay up to 100 pct to unsecured creditors
DUBLIN, May 27 (Reuters) - The liquidators of the lender at
the heart of Ireland's 2010 financial crisis said on Friday they
may be able to eventually pay in full unsecured creditors,
including the Irish state.
Read more
the heart of Ireland's 2010 financial crisis said on Friday they
may be able to eventually pay in full unsecured creditors,
including the Irish state.
Read more
India's Canara Bank reports $583 mln Q4 loss as bad loans soar
MUMBAI, May 27 (Reuters) - India's state-run Canara Bank
reported on Friday a fourth-quarter net loss of 39.05
billion rupees ($583 million) as provisions, including those to
cover sour debt, jumped six times.
Read more
reported on Friday a fourth-quarter net loss of 39.05
billion rupees ($583 million) as provisions, including those to
cover sour debt, jumped six times.
Read more
CORRECTED-UPDATE 1-Britain plans steel pensions overhaul to ease sale of Tata assets
LONDON, May 26 (Reuters) - Britain's government said on
Thursday it had started discussions on overhauling the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential buyers of Tata Steel's UK assets.
Read more
Thursday it had started discussions on overhauling the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential buyers of Tata Steel's UK assets.
Read more
BRIEF-LHV Group: Its unit issues bond of EUR 5.0 mln
* Its unit issues bond of 5.0 million euros ($5.59 million)
Source text for Eikon:
Further company coverage:
($1 = 0.8945 euros)
(Gdynia Newsroom)
Read more
Source text for Eikon:
Further company coverage:
($1 = 0.8945 euros)
(Gdynia Newsroom)
Read more
BRIEF-Olav Thon Eiendomsselskap establishes commercial paper programme
* Has established commercial paper programme in Sweden with frame of 1.5 billion Swedish
crowns ($180.85 million)
Read more
crowns ($180.85 million)
Read more
State Bank of India Q4 profit down 66 pct on surge in bad loan provisions
MUMBAI, May 27 (Reuters) - State Bank of India, the
nation's top lender by assets, reported a worse-than-expected 66
percent fall in quarterly profit due to sharply higher
provisions for bad loans.
Read more
nation's top lender by assets, reported a worse-than-expected 66
percent fall in quarterly profit due to sharply higher
provisions for bad loans.
Read more
Italy's BPER says no deal with Veneto Banca on the table
MILAN, May 27 (Reuters) - Banca Popolare dell'Emilia Romagna
(BPER) is not studying a possible tie-up with rival
Veneto Banca, a spokesman for the Italian bank said on Friday,
quashing press speculation of a plan to take a controlling
stake.
Read more
(BPER) is not studying a possible tie-up with rival
Veneto Banca, a spokesman for the Italian bank said on Friday,
quashing press speculation of a plan to take a controlling
stake.
Read more
BRIEF-Phoenix Group to buy AXA's UK wealth business for 375 mln stg
* Has entered into conditional agreements with AXA UK Plc to
acquire AXA Wealth's pensions and protection businesses
Read more
acquire AXA Wealth's pensions and protection businesses
Read more
Thursday, May 26, 2016
BRIEF-Creval sells 2 pct of Anima at 5.5 euros a share
* Completed sale of 2 percent stake in Anima Holding through
accelerated book-building procedure
Read more
accelerated book-building procedure
Read more
BRIEF-Bota Bio completes private placement of common shares
* Says it completed private placement of 2.4 million shares
10 billion won from the issuance
Read more
10 billion won from the issuance
Read more
China's money rates mostly edge up as month-end pressure rises
SHANGHAI, May 27 (Reuters) - China's primary money rates were mixed on Friday as cyclical
demand for cash rose in the run-up to the month-end measurement period.
The volume-weighted average rate of the benchmark seven-day repo traded in the
interbank market, considered the best indicator of general liquidity in China, was 2.3661
percent, up 1.50 basis points (bps) from the previous day's closing average rate and up slightly
from the previous week's closing average of 2.2684.
The rise is
Read more
demand for cash rose in the run-up to the month-end measurement period.
The volume-weighted average rate of the benchmark seven-day repo traded in the
interbank market, considered the best indicator of general liquidity in China, was 2.3661
percent, up 1.50 basis points (bps) from the previous day's closing average rate and up slightly
from the previous week's closing average of 2.2684.
The rise is
Read more
Indonesian property developer Agung Podomoro's top exec resigns
JAKARTA, May 27 (Reuters) - Indonesian property developer PT
Agung Podomoro Land Tbk said on Friday its president
director Ariesman Widjaja has resigned.
Read more
Agung Podomoro Land Tbk said on Friday its president
director Ariesman Widjaja has resigned.
Read more
BRIEF-Zhong Zhu Holding says 2015 dividend payment date
* Says it will pay cash dividend of 0.2 yuan per 10 shares
(before tax) to shareholders for 2015 as a record of June 2
Read more
(before tax) to shareholders for 2015 as a record of June 2
Read more
UPDATE 1-Doubleline's Gundlach sees Yellen as more cautious than some Fed officials
May 26 (Reuters) - Jeffrey Gundlach, chief executive officer
of DoubleLine Capital, on Thursday said U.S. Federal Reserve
Chair Janet Yellen appears to be more cautious on raising
interest rates than some other Fed governors, and he expects her
comments to be dovish again on Friday, when she is scheduled to
speak at an event in Massachusetts.
Read more
of DoubleLine Capital, on Thursday said U.S. Federal Reserve
Chair Janet Yellen appears to be more cautious on raising
interest rates than some other Fed governors, and he expects her
comments to be dovish again on Friday, when she is scheduled to
speak at an event in Massachusetts.
Read more
MOVES-BlackRock moving longtime ETF sales executive to stock-picking business
NEW YORK, May 26 (Reuters) - Daniel Gamba, a senior iShares
executive who helped broaden the market for exchange-traded
funds at parent company BlackRock Inc, is to move to the
stock picking side of the business, according to a memo seen by
Reuters.
Read more
executive who helped broaden the market for exchange-traded
funds at parent company BlackRock Inc, is to move to the
stock picking side of the business, according to a memo seen by
Reuters.
Read more
Short sellers circle Alibaba amid SEC probe
NEW YORK, May 26 (Reuters) - Alibaba Group Holding Ltd
, which disclosed it is under investigation for its
accounting practices, has emerged as one of the short-selling
community's favorite targets in the relatively short time it has
been in the public market.
Read more
, which disclosed it is under investigation for its
accounting practices, has emerged as one of the short-selling
community's favorite targets in the relatively short time it has
been in the public market.
Read more
Valeant rejected joint takeover bid from Takeda, TPG in spring-WSJ
May 26 (Reuters) - Valeant Pharmaceuticals International Inc
received a joint takeover offer from Japan's Takeda
Pharmaceutical Co Ltd and TPG Capital Management LP
this spring that the Canadian drugmaker rejected, the
Wall Street Journal reported, citing people familiar with the
matter.
Read more
received a joint takeover offer from Japan's Takeda
Pharmaceutical Co Ltd and TPG Capital Management LP
this spring that the Canadian drugmaker rejected, the
Wall Street Journal reported, citing people familiar with the
matter.
Read more
U.S.-based stock funds record 4th straight week of withdrawals - Lipper
NEW YORK, May 26 (Reuters) - U.S.-based stock funds recorded
$4.8 billion in withdrawals during the week that ended May 25,
Lipper data showed on Thursday, adding a fourth straight week of
outflows for the investments.
Read more
$4.8 billion in withdrawals during the week that ended May 25,
Lipper data showed on Thursday, adding a fourth straight week of
outflows for the investments.
Read more
BRIEF-Fannie Mae says gross mortgage portfolio down 15.4 pct in April
* Fannie Mae says book of business decreased at a compound
annualized rate of 0.5 percent in April
Read more
annualized rate of 0.5 percent in April
Read more
CORRECTED-UPDATE 4-Citigroup to pay $425 mln over attempted interest rate manipulation
May 25 (Reuters) - Citigroup Inc has agreed to pay
$425 million to resolve civil charges that it tried to
manipulate interest rate benchmarks.
Read more
$425 million to resolve civil charges that it tried to
manipulate interest rate benchmarks.
Read more
UPDATE 3-Viacom CEO Dauman seeks trial by end-Sept over Redstone trust
May 26 (Reuters) - Viacom Inc Chief Executive
Officer Philippe Dauman has asked a Massachusetts court to
expedite a legal challenge to his removal from a trust that will
determine the entertainment company's future after controlling
shareholder Sumner Redstone dies or is deemed incapacitated.
Read more
Officer Philippe Dauman has asked a Massachusetts court to
expedite a legal challenge to his removal from a trust that will
determine the entertainment company's future after controlling
shareholder Sumner Redstone dies or is deemed incapacitated.
Read more
Two Twitter senior execs to leave in latest management shuffle
May 26 (Reuters) - Twitter Inc said senior
executives Jana Messerschmidt and Nathan Hubbard are planning to
leave the company in its latest management shuffle.
Read more
executives Jana Messerschmidt and Nathan Hubbard are planning to
leave the company in its latest management shuffle.
Read more
BRIEF-Gourmet Ocean Products reports qtrly loss per basic share of $0.001
* Gourmet Ocean Products announces financial results for the
three months ending March 31st, 2016
Read more
three months ending March 31st, 2016
Read more
BRIEF-Gyrodyne declares $9.25 per share special dividend
* Gyrodyne is currently exploring certain enhancements of
its Flowerfield and Cortlandt Manor properties
Read more
its Flowerfield and Cortlandt Manor properties
Read more
Credito Valtellinese placing Anima shares at 5.4-5.5 euros-source
MILAN, May 26 (Reuters) - Italian lender Credito
Valtellinese is selling a 2 percent stake in asset
manager Anima Holding at a price of between 5.4-5.5
euros per share, a financial source said on Thursday.
Read more
Valtellinese is selling a 2 percent stake in asset
manager Anima Holding at a price of between 5.4-5.5
euros per share, a financial source said on Thursday.
Read more
Spain's Criteria says to reduce stake in Caixabank to 40 pct by end 2017
MADRID, May 26 (Reuters) - Spain's Criteria, the parent
company of Caixabank, said on Thursday it would reduce
its stake in the lender to 40 percent from 56.8 percent by the
end of 2017.
Read more
company of Caixabank, said on Thursday it would reduce
its stake in the lender to 40 percent from 56.8 percent by the
end of 2017.
Read more
UPDATE 2-Gawker hires bank, makes "contingency" plans after Hogan lawsuit
May 26 (Reuters) - Gawker Media, the New York-based owner of
online news and gossip website Gawker.com, is exploring a sale
following a court ruling that it pay $140 million to wrestler
Hulk Hogan over the publication of a sex tape, according to two
sources familiar with the matter.
Read more
online news and gossip website Gawker.com, is exploring a sale
following a court ruling that it pay $140 million to wrestler
Hulk Hogan over the publication of a sex tape, according to two
sources familiar with the matter.
Read more
Clinical trials firm BioClinica explores sale-sources
May 26 (Reuters) - BioClinica Inc, a U.S. pharmaceutical
contract research organization owned by buyout firm JLL
Partners, is exploring a sale that could value it at as much as
$1.3 billion, including debt, according to people familiar with
the matter.
Read more
contract research organization owned by buyout firm JLL
Partners, is exploring a sale that could value it at as much as
$1.3 billion, including debt, according to people familiar with
the matter.
Read more
UPDATE 2-DONG Energy listing to value group at up to $16 billion
* Additional overallotment of up to 2.6 pct of the shares
(Recasts, adds DONG and analyst comments)
Read more
(Recasts, adds DONG and analyst comments)
Read more
WEEKAHEAD-AFRICA-FX-Uncharted waters for Nigeria's naira, others mixed
LAGOS, May 26 (Reuters) - Uncertainty surrounds trade on the
Nigerian currency after the central bank announced plans for a
flexible foreign exchange policy, while the Zambian kwacha will
likely weaken as foreign currency flows are reduced.
Read more
Nigerian currency after the central bank announced plans for a
flexible foreign exchange policy, while the Zambian kwacha will
likely weaken as foreign currency flows are reduced.
Read more
UPDATE 2-Sears explores options for two businesses; loss widens
May 26 (Reuters) - Sears Holdings Corp on Thursday
said it would seek partnerships or other arrangements to expand
its home-improvement service business and some of its best-known
brands, sending its shares up 6 percent.
Read more
said it would seek partnerships or other arrangements to expand
its home-improvement service business and some of its best-known
brands, sending its shares up 6 percent.
Read more
BRIEF-Virtus Investment partners sets quarterly dividend of $0.45/shr
* Sets quarterly cash dividend of $0.45per share
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
South Africa's Standard Bank taking action after ATM heist in Japan
JOHANNESBURG, May 26 (Reuters) - South Africa's Standard
Bank is taking action after criminals in Japan stole
millions of dollars from automatic teller machines using fake
credit cards from the lender, its joint CEOs said on Thursday.
Read more
Bank is taking action after criminals in Japan stole
millions of dollars from automatic teller machines using fake
credit cards from the lender, its joint CEOs said on Thursday.
Read more
CORRECTED-Canadian lender CIBC's quarterly profit rises
May 26 (Reuters) - Canadian Imperial Bank of Commerce
reported a 3.5 percent rise in quarterly profit, helped
by growth in its retail and business banking division.
Read more
reported a 3.5 percent rise in quarterly profit, helped
by growth in its retail and business banking division.
Read more
CORRECTED-UPDATE 1-CIBC posts profit rise, sets aside more money to cover bad loans
May 26 (Reuters) - Canadian Imperial Bank of Commerce
reported a 3.5 percent rise in quarterly profit, helped
by growth in its retail and business banking division.
Read more
reported a 3.5 percent rise in quarterly profit, helped
by growth in its retail and business banking division.
Read more
CANADA STOCKS-Futures gain as oil price tops $50 per barrel
May 26 (Reuters) - Stock futures pointed to a higher start
for Canada's main stock index on Thursday as oil prices broke
above $50 per barrel for the first time in nearly seven months
after a global supply glut showed signs of easing.
Read more
for Canada's main stock index on Thursday as oil prices broke
above $50 per barrel for the first time in nearly seven months
after a global supply glut showed signs of easing.
Read more
BRIEF-Mangold: Perpetual subordinated loan
* Announced on Wednesday perpetual subordinated loan with frame of 40 million Swedish crowns
($4.82 million) on market terms
Read more
($4.82 million) on market terms
Read more
Kremlin aide Belousov: govt's Rosneft stake can't be sold on open market - TASS
MOSCOW, May 26 (Reuters) - Kremlin economic adviser Andrei
Belousov said on Thursday that the government's stake in top oil
producer Rosneft could not be sold on the open market,
TASS agency reported.
Read more
Belousov said on Thursday that the government's stake in top oil
producer Rosneft could not be sold on the open market,
TASS agency reported.
Read more
Singapore ex-BSI wealth manager stays in remand as prosecutor challenging bail
SINGAPORE, May 26 (Reuters) - A former Singapore wealth
manager of troubled Swiss private bank BSI Bank will remain in
remand of white-collar police after the state prosecutor said it
is challenging a court's decision on Thursday to grant him bail
of S$600,000 ($435,761).
Read more
manager of troubled Swiss private bank BSI Bank will remain in
remand of white-collar police after the state prosecutor said it
is challenging a court's decision on Thursday to grant him bail
of S$600,000 ($435,761).
Read more
ECB to review how banks cope with ultra low rates: Angeloni
FRANKFURT, May 26 (Reuters) - The European Central Bank
plans an in-depth review of how banks are coping with ultra-low
interest rates and aims to establish a more consistent approach
to supervising banks with high levels of bad loans, a top ECB
regulator said on Thursday.
Read more
plans an in-depth review of how banks are coping with ultra-low
interest rates and aims to establish a more consistent approach
to supervising banks with high levels of bad loans, a top ECB
regulator said on Thursday.
Read more
UPDATE 1-Egypt c.bank deputy governor for monetary policy to join IMF
CAIRO, May 26 (Reuters) - Egypt's central bank deputy
governor for monetary policy is joining the International
Monetary Fund in August, a central bank source told Reuters on
Thursday.
Read more
governor for monetary policy is joining the International
Monetary Fund in August, a central bank source told Reuters on
Thursday.
Read more
Piraeus Bank head sees profitable year in 'hundreds of millions'
ATHENS, May 26 (Reuters) - Piraeus Bank, Greece's
biggest lender by assets, expects to return to profit this year
with a considerable decline in its non-performing loans,
chairman Michael Sallas told reporters.
Read more
biggest lender by assets, expects to return to profit this year
with a considerable decline in its non-performing loans,
chairman Michael Sallas told reporters.
Read more
Wednesday, May 25, 2016
NN Group's solvency increases in Q1; Co to buy back shares worth $559 mln
AMSTERDAM, May 26 (Reuters) - Dutch insurer NN Group
said on Thursday its financial position improved in the first
quarter, and that it would buy back shares worth 500 million
euros ($559.20 million) over the coming year.
Read more
said on Thursday its financial position improved in the first
quarter, and that it would buy back shares worth 500 million
euros ($559.20 million) over the coming year.
Read more
MIDEAST STOCKS-Brent breaking $50 may lend support to Gulf bourses
DUBAI, May 26 (Reuters) - A break above $50 a barrel in
Brent prices looks set to lift bourses in the Gulf on
Thursday.
Read more
Brent prices looks set to lift bourses in the Gulf on
Thursday.
Read more
Thai trading firm Berli to raise $6 bln via equity, bond issues
BANGKOK, May 26 (Reuters) - Thailand's Berli Jucker Pcl
said it planned to sell bonds and new shares via a
rights issue and a private placement to raise up to 214 billion
baht ($6.02 billion) and pay debt used to fund its acquisition
of Big C Supercenter Pcl.
Read more
said it planned to sell bonds and new shares via a
rights issue and a private placement to raise up to 214 billion
baht ($6.02 billion) and pay debt used to fund its acquisition
of Big C Supercenter Pcl.
Read more
BRIEF-SCHNIGGE Wertpapierhandelsbank: Andreas Benninger elected Chairman of Board
* Said on Wednesday Andreas Benninger was elected Chairman
of the Board effective June 1, 2016
Read more
of the Board effective June 1, 2016
Read more
Fitch: Indonesia Property Deregulation to Have Limited Short-Term Impact
(The following statement was released by the rating agency)
JAKARTA/SINGAPORE, May 25 (Fitch) Fitch Ratings says that any
moves that Bank
Indonesia undertakes to loosen lending regulations and further
deregulate the
Indonesia property market will take time to translate into a
significant and
sustained improvement in demand.
Activity has waned in the past couple of years as potential
buyers delayed
purchases and developers put off launching new projects - given
slowing economic
growth and di
Read more
JAKARTA/SINGAPORE, May 25 (Fitch) Fitch Ratings says that any
moves that Bank
Indonesia undertakes to loosen lending regulations and further
deregulate the
Indonesia property market will take time to translate into a
significant and
sustained improvement in demand.
Activity has waned in the past couple of years as potential
buyers delayed
purchases and developers put off launching new projects - given
slowing economic
growth and di
Read more
UPDATE 1-China c.bank plans commercial paper exchange - newspaper
SHANGHAI, May 26 (Reuters) - The People's Bank of China is
discussing with banks the creation of a central exchange for
commercial paper, the 21st Century Business Herald reported on
Thursday, citing multiple anonymous industry sources.
Read more
discussing with banks the creation of a central exchange for
commercial paper, the 21st Century Business Herald reported on
Thursday, citing multiple anonymous industry sources.
Read more
Taiwan stocks fall on profit-taking
TAIPEI, May 26 (Reuters) - Taiwan stocks fell on Thursday as
some investors booked profits in recent gainers, including Hon
Hai Precision Industry.
Read more
some investors booked profits in recent gainers, including Hon
Hai Precision Industry.
Read more
S.Korea Q1 household credit growth accelerates, fastest since late 2006
SEOUL, May 26 (Reuters) - South Korea's household credit in
the March quarter rose at the fastest annual pace in nearly nine
years, central bank data showed on Wednesday, accelerating for a
seventh straight quarter as easy monetary policy has kept
borrowing rates at a record low.
Read more
the March quarter rose at the fastest annual pace in nearly nine
years, central bank data showed on Wednesday, accelerating for a
seventh straight quarter as easy monetary policy has kept
borrowing rates at a record low.
Read more
UPDATE 1-Fonterra expects to pay NZ$4.25 per kilo of milk solids in 2016-17
WELLINGTON, May 26 (Reuters) - Global dairy giant Fonterra
Co-operative Group Ltd, expects to pay its
farmer shareholders more in the coming season, but the increase
will offer little relief as the forecast remains below estimated
break-even levels.
Read more
Co-operative Group Ltd, expects to pay its
farmer shareholders more in the coming season, but the increase
will offer little relief as the forecast remains below estimated
break-even levels.
Read more
BRIEF-Moody's - China's authorities have tools to avert a financial crisis
* Moody's - China's authorities have the tools to avert a
financial crisis, but erosion of credit quality is likely over
the medium term
Read more
financial crisis, but erosion of credit quality is likely over
the medium term
Read more
BRIEF-Sanei Architecture Planning offers off-floor distribution of shares at 1,164 yen per share
* Says it offered an off-floor distribution of 255,200
shares on Tokyo Stock Exchange on May 26
Read more
shares on Tokyo Stock Exchange on May 26
Read more
Complaints against UK banks remain near record levels
LONDON, May 26 (Reuters) - Complaints against financial
services firms in Britain are at their third highest level on
record despite a crackdown on bad behaviour by regulators and
new laws since the financial crisis to protect customers from
misselling.
Read more
services firms in Britain are at their third highest level on
record despite a crackdown on bad behaviour by regulators and
new laws since the financial crisis to protect customers from
misselling.
Read more
Brazilian ex-Treasury official named chief executive at Banco do Brasil
SAO PAULO, May 25 (Reuters) - Paulo Rogerio Caffarelli, a
former executive-secretary of the Treasury, will take over as
the head of state lender Banco do Brasil, Brazil's
largest bank, the finance ministry announced on Wednesday.
Read more
former executive-secretary of the Treasury, will take over as
the head of state lender Banco do Brasil, Brazil's
largest bank, the finance ministry announced on Wednesday.
Read more
Chile, SQM head to court after failing to reach agreement
SANTIAGO, May 25 (Reuters) - Chile said on Wednesday that it
would bring a recent dispute with fertilizer supplier SQM
to court after a meeting with the company's executives
failed to produce an agreement.
Read more
would bring a recent dispute with fertilizer supplier SQM
to court after a meeting with the company's executives
failed to produce an agreement.
Read more
BRIEF-Capreit announces increase in monthly cash distributions
* Approved a 2.5 pct increase in monthly cash distributions
to $0.1042 per unit, or $1.25 per unit on an annualized basis
Read more
to $0.1042 per unit, or $1.25 per unit on an annualized basis
Read more
BRIEF-Crown Capital completes $15 mln term loan with Bill Gosling outsourcing
* Crown Capital completes $15 million term loan with Bill
Gosling outsourcing
Source text for Eikon:
Further company coverage:
Read more
Gosling outsourcing
Source text for Eikon:
Further company coverage:
Read more
BRIEF-TD Ameritrade CEO to sell shares
* Fred Tomczyk, chief executive officer, intends to sell up
to 100,000 shares of company's common stock
Read more
to 100,000 shares of company's common stock
Read more
UPDATE 4-Bank of Montreal to axe 4 pct of workforce, warns on loans
* Bad loans to oil and gas sector rise to C$410 million
(Adds comments from interview with CFO)
Read more
(Adds comments from interview with CFO)
Read more
UPDATE 1-MOVES-Credit Suisse names Patry vice chair of LevFin capital markets
NEW YORK, May 25 (Reuters) - Credit Suisse named Brent Patry
vice chairman, acquisition and leveraged finance capital
markets.
Read more
vice chairman, acquisition and leveraged finance capital
markets.
Read more
Glass Lewis recommends shareholders vote for Tribune Publishing board
May 25 (Reuters) - Shareholder advisory firm Glass Lewis &
Co said in a report that Tribune Publishing Co
shareholders should not heed Gannett Co Inc's call to
withhold votes for Tribune's board nominees at its upcoming
annual meeting on June 2.
Read more
Co said in a report that Tribune Publishing Co
shareholders should not heed Gannett Co Inc's call to
withhold votes for Tribune's board nominees at its upcoming
annual meeting on June 2.
Read more
BRIEF-Takata hires Lazard Ltd to craft restructuring plan for dealing with rising liabilities from safety crisis - WSJ
* Takata hired Lazard Ltd to craft restructuring plan for
dealing with rising liabilities from safety crisis - WSJ, citing
sources
Read more
dealing with rising liabilities from safety crisis - WSJ, citing
sources
Read more
European shares hit 4-week high, boosted by banks and oil
* M&S slumps after short-term profit warning
(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. See the bottom of the report for more
details)
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. See the bottom of the report for more
details)
Read more
UPDATE 2-Nigeria stocks, bonds rise after FX shift aimed at luring investors
LAGOS, May 25 (Reuters) - Nigerian stocks soared to near a
5-month high while bond prices rose on Wednesday, driven by
hopes that a flexible foreign exchange policy adopted by the
central bank will help boost dollar supply and lure foreign
investors.
Read more
5-month high while bond prices rose on Wednesday, driven by
hopes that a flexible foreign exchange policy adopted by the
central bank will help boost dollar supply and lure foreign
investors.
Read more
UPDATE 1-Brazil defaults hit record in April as lending tightens
SAO PAULO/BRASILIA, May 25 (Reuters) - Bank loan defaults in
Brazil hit an all-time high in April as the harshest recession
in at least eight decades and rising borrowing costs are making
it much harder for consumer and corporate borrowers to stay
current on their debt.
Read more
Brazil hit an all-time high in April as the harshest recession
in at least eight decades and rising borrowing costs are making
it much harder for consumer and corporate borrowers to stay
current on their debt.
Read more
Lawyers for BHS suitor knew of his bankruptcy, lawmakers told
LONDON, May 25 (Reuters) - Lawyers advising Dominic Chappell
knew he had previously been declared bankrupt before he led the
acquisition of the BHS department store chain from retail tycoon
Philip Green, British lawmakers were told on Wednesday.
Read more
knew he had previously been declared bankrupt before he led the
acquisition of the BHS department store chain from retail tycoon
Philip Green, British lawmakers were told on Wednesday.
Read more
Transferwise raises $26 million in new funds
LONDON, May 25 (Reuters) - Money transfer website
Transferwise raised a further $26 million from a group of
investors led by asset management firm Baillie Gifford, the
group said in a statement seen by Reuters on Wednesday.
Read more
Transferwise raised a further $26 million from a group of
investors led by asset management firm Baillie Gifford, the
group said in a statement seen by Reuters on Wednesday.
Read more
UPDATE 1-Citigroup to pay $425 mln over attempted benchmark manipulation
WASHINGTON, May 25 (Reuters) - Citigroup and its
affiliates have agreed to pay a collective $425 million to
resolve civil charges the bank attempted to manipulate several
key benchmarks, including the U.S. dollar ISDAFIX, the Yen Libor
and the Euroyen TIBOR, the Commodity Futures Trading Commission
said.
Read more
affiliates have agreed to pay a collective $425 million to
resolve civil charges the bank attempted to manipulate several
key benchmarks, including the U.S. dollar ISDAFIX, the Yen Libor
and the Euroyen TIBOR, the Commodity Futures Trading Commission
said.
Read more
Sri Lankan rupee forwards end little changed
COLOMBO, May 25 (Reuters) - Sri Lankan rupee forwards were
little changed at the close of trade on Wednesday amid
apprehension the currency would weaken on a possible increase in
government spending after the country's worst natural disaster
since 2004, dealers said.
Read more
little changed at the close of trade on Wednesday amid
apprehension the currency would weaken on a possible increase in
government spending after the country's worst natural disaster
since 2004, dealers said.
Read more
Norway's sovereign wealth fund says backed Shell CEO's pay
OSLO, May 25 (Reuters) - Norway's $850 billion sovereign
wealth fund, the world's biggest, voted in favour of the 2015
remuneration package of Royal Dutch Shell Chief Executive Ben
van Beurden at Tuesday's annual meeting of shareholders, the
fund said on its web site on Wednesday.
Read more
wealth fund, the world's biggest, voted in favour of the 2015
remuneration package of Royal Dutch Shell Chief Executive Ben
van Beurden at Tuesday's annual meeting of shareholders, the
fund said on its web site on Wednesday.
Read more
Israeli firms develop high-speed 3D printer for stem cells
JERUSALEM, May 25 (Reuters) - Israeli 3D printer firm Nano
Dimension has successfully lab-tested a 3D bioprinter
for stem cells, paving the way for the potential printing of
large tissues and organs, the company said on Wednesday.
Read more
Dimension has successfully lab-tested a 3D bioprinter
for stem cells, paving the way for the potential printing of
large tissues and organs, the company said on Wednesday.
Read more
SE Asia Stocks-Strong U.S. home sales data boosts risk appetite
By Aparajita Saxena
May 25 (Reuters) - Southeast Asian stocks closed higher on
Wednesday as investor risk appetite got a boost on data showing
new home sales in the U.S. raced to a more than eight-year peak
in April, while rising global oil prices helped energy shares
gain.
U.S. home prices also hit a record high, with the report
coming in the wake of fairly upbeat data on home resales and
residential construction, offering further evidence of a pick-up
in economic growth early in the se
Read more
May 25 (Reuters) - Southeast Asian stocks closed higher on
Wednesday as investor risk appetite got a boost on data showing
new home sales in the U.S. raced to a more than eight-year peak
in April, while rising global oil prices helped energy shares
gain.
U.S. home prices also hit a record high, with the report
coming in the wake of fairly upbeat data on home resales and
residential construction, offering further evidence of a pick-up
in economic growth early in the se
Read more
BRIEF-Hamburger Getreide Lagerhaus expects balanced result for H1 2016
* Expects balanced result for the first half of 2016
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-London's Baltic Exchange confirms entered into exclusive talks with Singapore's SGX over possible sale
May 25 (Reuters) - London's Baltic Exchange confirms entered
into exclusive talks with Singapore's SGX over
possible sale
The next phase will be to continue discussions with SGX and
consult with Baltic stakeholders before making a final
recommendation
Read more
into exclusive talks with Singapore's SGX over
possible sale
The next phase will be to continue discussions with SGX and
consult with Baltic stakeholders before making a final
recommendation
Read more
BRIEF-Property Lease Fund FY net result swings to loss of 4.2 mln zlotys YoY
* Reported on Tuesday FY 2015 revenue of 3.4 million zlotys
($856,400) versus 4.1 million zlotys a year ago
Read more
($856,400) versus 4.1 million zlotys a year ago
Read more
Austria's FACC, hit by cyber fraud, fires CEO
VIENNA, May 25 (Reuters) - The head of Austrian aerospace
parts maker FACC has been fired after the company was
hit by a cyber fraud that cost it 42 million euros ($47
million).
Read more
parts maker FACC has been fired after the company was
hit by a cyber fraud that cost it 42 million euros ($47
million).
Read more
L&G corrects CEO's stated 2015 pay, adds nearly 1 mln pounds
LONDON, May 25 (Reuters) - British insurer Legal & General
said Chief Executive Nigel Wilson was paid almost 1
million pounds ($1.46 million) more in 2015 than it had
previously stated in its annual report.
Read more
said Chief Executive Nigel Wilson was paid almost 1
million pounds ($1.46 million) more in 2015 than it had
previously stated in its annual report.
Read more
Croatia hires banks for euro deal
LONDON, May 25 (IFR) - Croatia has mandated Citigroup, HSBC,
Morgan Stanley and UniCredit to arrange fixed-income investor
meetings from May 30, according to a lead.
Read more
Morgan Stanley and UniCredit to arrange fixed-income investor
meetings from May 30, according to a lead.
Read more
UPDATE 1-Outsourcing firm Serco forecasts higher full-year profit
May 25 (Reuters) - British outsourcing firm Serco Group Plc
forecast 2016 profit ahead of current market
expectations, citing the benefits of several contracts running
longer than previous anticipated and others being more
profitable.
Read more
forecast 2016 profit ahead of current market
expectations, citing the benefits of several contracts running
longer than previous anticipated and others being more
profitable.
Read more
Tuesday, May 24, 2016
CORRECTED-TABLE-S.Korea's crude oil imports from Iran up 88 pct y/y in April
(Corrects headline, first paragraph to show imports from Iran
rose 88 pct, not 113.5 pct, and total imports rose 14 pct, not
9.1 pct)
SEOUL, May 24 (Reuters) - South Korea's crude oil imports
from Iran rose 88 percent in April from a year earlier, while
its total crude oil imports rose 14 percent year on year to 89.7
million barrels last month, data from state-run Korea National
Oil Corp (KNOC) showed on Tuesday.
For earlier story on South Korea's Iranian crude oil imports
in April, b
Read more
BRIEF-JDC Group acquires insurance portfolio of up to 195,000 customers
* Acquires insurance portfolio of up to 195,000 customers and thus boosts EBITDA by up to 4
million euros a year
Read more
million euros a year
Read more
ECB's Nowotny says sees no major problems from possible Brexit
FRANKFURT, May 25 (Reuters) - A possible exit of Britain
from the European Union would not cause problems for the
financial system because it has already been discussed for some
time, European Central Bank Governing Council member Ewald
Nowotny told a German newspaper.
Read more
from the European Union would not cause problems for the
financial system because it has already been discussed for some
time, European Central Bank Governing Council member Ewald
Nowotny told a German newspaper.
Read more
GLOBAL MARKETS-Asian shares gain, dollar firm as US data soothes rate fears
TOKYO/SINGAPORE, May 25 (Reuters) - Asian shares jumped on
Wednesday, taking cues from sharp gains in European and U.S.
markets, while the dollar firmed as upbeat U.S. home sales
supported the view that the economy may be strong enough for the
Federal Reserve to raise interest rates in coming months.
Read more
Wednesday, taking cues from sharp gains in European and U.S.
markets, while the dollar firmed as upbeat U.S. home sales
supported the view that the economy may be strong enough for the
Federal Reserve to raise interest rates in coming months.
Read more
Malaysia's Bank Muamalat to raise up to 1 bln rgt via sukuk
May 25 (Reuters) - Malaysia's Bank Muamalat will
set up a 1 billion ringgit ($243.4 million) sukuk programme,
after the Islamic lender said on Wednesday it would redeem 400
million ringgit worth of subordinated sukuk on June 15.
Read more
set up a 1 billion ringgit ($243.4 million) sukuk programme,
after the Islamic lender said on Wednesday it would redeem 400
million ringgit worth of subordinated sukuk on June 15.
Read more
UPDATE 1-Fitch downgrades Credit Suisse on challenging capital markets
HONG KONG, May 25 (Reuters) - Fitch Ratings downgraded
Credit Suisse Group's long-term default rating by a
notch to A-minus and its viability rating to a-minus from a,
citing the Swiss bank's reliance on difficult capital markets.
Read more
Credit Suisse Group's long-term default rating by a
notch to A-minus and its viability rating to a-minus from a,
citing the Swiss bank's reliance on difficult capital markets.
Read more
BRIEF-China Sports Industry Group says 2015 dividend payment
* Says it will pay cash dividend of 0.28 yuan per 10 shares
(before tax) to shareholders for 2015 as a record of May 31
Read more
(before tax) to shareholders for 2015 as a record of May 31
Read more
BRIEF-Realty Income closes 6.5 mln share common stock offering
* Realty Income closes 6.5 million share common stock
offering
Source text for Eikon:
Further company coverage:
Read more
offering
Source text for Eikon:
Further company coverage:
Read more
CORRECTED-U.S. regulator reviews growing FHLB short-term debt
May 24 (Reuters) - The U.S. regulator that oversees the
Federal Home Loan Bank system said on Tuesday it is reviewing
the mortgage finance agency's increased use of short-term
funding, which could be risky if it were to suddenly dwindle.
Read more
Federal Home Loan Bank system said on Tuesday it is reviewing
the mortgage finance agency's increased use of short-term
funding, which could be risky if it were to suddenly dwindle.
Read more
UPDATE 3-Wells Fargo lowers financial targets, cuts energy loan exposure
May 24 (Reuters) - Wells Fargo & Co lowered two key
financial targets on Tuesday and said it was sharply cutting
exposure to troubled energy loans, signaling that tough times
for bank profits may continue through the rest of the year.
Read more
financial targets on Tuesday and said it was sharply cutting
exposure to troubled energy loans, signaling that tough times
for bank profits may continue through the rest of the year.
Read more
UPDATE 1-DoubleLine's Gundlach says U.S. stock market is 'dead money'
NEW YORK, May 24 (Reuters) - Jeffrey Gundlach, the chief
executive officer of DoubleLine Capital, said on Tuesday that
the rally in U.S. stocks, which began on Monday, feels like a
short squeeze and characterized U.S. stocks as "dead money."
Read more
executive officer of DoubleLine Capital, said on Tuesday that
the rally in U.S. stocks, which began on Monday, feels like a
short squeeze and characterized U.S. stocks as "dead money."
Read more
BRIEF-Nasdaq announces mid-month open short interest positions
* At end of settlement date of May 13, 2016, short interest
in 2,306 Nasdaq Global Market SM Securities totaled
7,897,704,412
Read more
in 2,306 Nasdaq Global Market SM Securities totaled
7,897,704,412
Read more
U.S. business borrowing for equipment falls in April - ELFA
May 24 (Reuters) - Borrowing by U.S. companies to spend on
capital investment declined 12 percent in April from a year
earlier, the Equipment Leasing and Finance Association (ELFA)
said.
Read more
capital investment declined 12 percent in April from a year
earlier, the Equipment Leasing and Finance Association (ELFA)
said.
Read more
Congress to weigh spending cuts to U.S. securities regulator
WASHINGTON, May 24 (Reuters) - The U.S. House of
Representatives will consider shaving $50 million off the budget
of the top U.S. securities regulator, despite pleas to boost the
agency's funding, in an appropriations hearing on Wednesday.
Read more
Representatives will consider shaving $50 million off the budget
of the top U.S. securities regulator, despite pleas to boost the
agency's funding, in an appropriations hearing on Wednesday.
Read more
UPDATE 2-Monsanto rejects Bayer bid, but open to more talks
May 24 (Reuters) - Monsanto Co, the world's largest
seed company, turned down Bayer AG's $62 billion
acquisition bid as "incomplete and financially inadequate" on
Tuesday, but said it was open to engage further in negotiations.
Read more
seed company, turned down Bayer AG's $62 billion
acquisition bid as "incomplete and financially inadequate" on
Tuesday, but said it was open to engage further in negotiations.
Read more
Four Fed banks called for discount rate hike - minutes
WASHINGTON, May 24 (Reuters) - The number of Federal Reserve
banks pushing the central bank to raise the rate it charges
commercial banks for emergency loans rose to four in April from
two in March, minutes from the Fed's discount rate meeting
showed.
Read more
banks pushing the central bank to raise the rate it charges
commercial banks for emergency loans rose to four in April from
two in March, minutes from the Fed's discount rate meeting
showed.
Read more
BRIEF-Banco Financiero del Peru to increase capital by 12 pct
* Said on Monday approves to increase capital through
capitalization of earnings from FY 2015
Read more
capitalization of earnings from FY 2015
Read more
European shares climb to 4-week highs as financial stocks rally
* Concerns remain over possible future U.S rate hikes
(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 closing 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 closing prices)
Read more
BRIEF-Financiera TFC buys 49.995 pct in Latina Broker Asesores y Corredores de Seguros
* Said on Monday Financiera TFC bought 9,999 shares
representing 49.995 percent of share capital in Latina Broker
Asesores y Corredores de Seguros SA
Read more
representing 49.995 percent of share capital in Latina Broker
Asesores y Corredores de Seguros SA
Read more
BRIEF-BGC Partners says announces offering of senior notes
* To use net proceeds for repayment in full of BGC's 4.50%
convertible notes scheduled to mature on July 15, 2016, fund
future acquisitions
Read more
convertible notes scheduled to mature on July 15, 2016, fund
future acquisitions
Read more
BRIEF-Agrarius FY 2015 group EBITDA at 452,000 euros
* FY group EBITDA remained clearly positive at 452 thousand
euros ($504,251.20)after 888 thousand euros in previous year
Read more
euros ($504,251.20)after 888 thousand euros in previous year
Read more
BRIEF-iStar appoints new CFO
* Geoffrey G. Jervis is joining iStar as its new chief
operating officer and chief financial officer
Read more
operating officer and chief financial officer
Read more
UPDATE 1-UK banks ditching fintech, foreign customers to cut costs
LONDON, May 24 (Reuters) - Banks are ditching customers such
as financial technology firms and foreign nationals to cut the
cost of complying with tougher capital and anti-money laundering
rules, an independent study for Britain's markets watchdog said
on Tuesday.
Read more
as financial technology firms and foreign nationals to cut the
cost of complying with tougher capital and anti-money laundering
rules, an independent study for Britain's markets watchdog said
on Tuesday.
Read more
Dubai's Noor Bank launches $500 mln 5-yr sukuk at 6.25 pct
DUBAI, May 24 (Reuters) - Dubai-based Noor Bank has launched
a $500 million capital-boosting sukuk issue of five years
duration that will price later on Tuesday, a document from lead
managers showed.
Read more
a $500 million capital-boosting sukuk issue of five years
duration that will price later on Tuesday, a document from lead
managers showed.
Read more
BRIEF-Gladstone Commercial files for offering of 1 million shares of preferred stock
* Files for offering of 1 million shares of co's 7.00%
Series D cumulative redeemable preferred stock - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Series D cumulative redeemable preferred stock - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
SWIFT to unveil new security plan after hackers' heists
LONDON, May 24 (Reuters) - The SWIFT secure messaging
service that underpins international banking said on Tuesday it
plans to launch a new security programme as it fights to rebuild
its reputation in the wake of the Bangladesh Bank heist.
Read more
service that underpins international banking said on Tuesday it
plans to launch a new security programme as it fights to rebuild
its reputation in the wake of the Bangladesh Bank heist.
Read more
BRIEF-Czech bank Moneta says share stabilisaton period after IPO has ended
* says stabilisation trades occurred on May 6 at a minimum
and maximum price of CZK 68 per share
Read more
and maximum price of CZK 68 per share
Read more
S.Korea stock trading hours extension to take effect Aug 1
SEOUL, May 24 (Reuters) - South Korea's current six-hour
stock trading window will be extended by 30 minutes effective
from August 1 this year, as the Korea Exchange set its sights on
attracting more business through greater visibility to markets
like China.
Read more
stock trading window will be extended by 30 minutes effective
from August 1 this year, as the Korea Exchange set its sights on
attracting more business through greater visibility to markets
like China.
Read more
Serbian central bank revises up 2016 growth on stronger investment
BELGRADE, May 24 (Reuters) - Serbia's central bank on
Tuesday revised the country's 2016 growth to between 2.25 and
2.5 percent from 1.8 percent, citing an increase in investment
and a rise in exports.
Read more
Tuesday revised the country's 2016 growth to between 2.25 and
2.5 percent from 1.8 percent, citing an increase in investment
and a rise in exports.
Read more
TABLE-Foreign trading in South Korean stocks
SEOUL, May 24 (Reuters) - Daily net trading in shares on
South Korea's main stock exchange by three major
categories of investors as of 0725 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
May 24 -58.5 -61.2 78.8
^May 23 4.2 33.4 -67.5
May 20 -127.6 150.8 -61.7
May 19 -21.3
Read more
South Korea's main stock exchange by three major
categories of investors as of 0725 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
May 24 -58.5 -61.2 78.8
^May 23 4.2 33.4 -67.5
May 20 -127.6 150.8 -61.7
May 19 -21.3
Read more
BNP Paribas to close Cayman Islands business - Attac website
PARIS, May 24 (Reuters) - French bank BNP Paribas
plans to close its remaining business in the Cayman Islands,
campaign group Attac reported on its website on Tuesday, in the
wake of the Panama Papers revelations about tax havens.
Read more
plans to close its remaining business in the Cayman Islands,
campaign group Attac reported on its website on Tuesday, in the
wake of the Panama Papers revelations about tax havens.
Read more
Monday, May 23, 2016
UK lender Paragon's first-half profit rises
May 24 (Reuters) - British lender Paragon Group of Companies
Plc reported a rise in first-half profit and said it
expected to see relative benefits from the tax changes announced
for the buy-to-let mortgage market.
Read more
Plc reported a rise in first-half profit and said it
expected to see relative benefits from the tax changes announced
for the buy-to-let mortgage market.
Read more
UPDATE 1-Hong Kong Exchange to work quickly to build a China bond connect scheme
HONG KONG, May 24 (Reuters) - The operator of Hong Kong's
stock exchange said on Tuesday it will "work very quickly" on a
plan to link bond markets in China with those in the Asia's
financial centre, giving global investors more access to
yuan-related assets.
Read more
stock exchange said on Tuesday it will "work very quickly" on a
plan to link bond markets in China with those in the Asia's
financial centre, giving global investors more access to
yuan-related assets.
Read more
MIDEAST STOCKS-Gulf may have weak bias; little positive news
DUBAI, May 24 (Reuters) - Gulf stock markets may have a weak
bias on Tuesday after oil prices continued to edge down
overnight and Asian bourses fell near 10-week lows because of
the risk of a U.S. interest rate hike in coming weeks.
Read more
bias on Tuesday after oil prices continued to edge down
overnight and Asian bourses fell near 10-week lows because of
the risk of a U.S. interest rate hike in coming weeks.
Read more
UPDATE 1-Barington Capital launches proxy fight against U.S. retailer Chico's - source
May 23 (Reuters) - Barington Capital has nominated two
directors to join the board of Chico's FAS Inc's, in a
proxy fight that targets high expenses and weak stock returns at
the women's apparel retailer, according to a person familiar
with the matter.
Read more
directors to join the board of Chico's FAS Inc's, in a
proxy fight that targets high expenses and weak stock returns at
the women's apparel retailer, according to a person familiar
with the matter.
Read more
HK Exchange says 13 firms buy back shares
HONG KONG, May 24 (Reuters) - The Hong Kong stock exchange said on Tuesday
13 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
BILLION IND 23/05/2016 70,000 HK$4.89
Read more
13 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
BILLION IND 23/05/2016 70,000 HK$4.89
Read more
BRIEF-Booz Allen Hamilton says Carlyle Group affiliate's 13 mln shares priced at $28.20 per share
* Upon completion of offering, Carlyle will own
approximately 11.3% of outstanding common stock of booz allen
Read more
approximately 11.3% of outstanding common stock of booz allen
Read more
Morning News Call - India, May 24
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05242016.pdf
FACTORS TO WATCH
11:00 am: Punjab National Bank management at post earnings analyst meet in
Mumbai.
4:45 pm: Bank of India media conference after quarterly earnings in Mumbai.
GMF: ASIA LIVECHAT - BETTING FOCUS with Patrick Jay, Consultant to global,
digital and land based betting, gaming and sports sectors
Patrick is a big name in betting circles
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05242016.pdf
FACTORS TO WATCH
11:00 am: Punjab National Bank management at post earnings analyst meet in
Mumbai.
4:45 pm: Bank of India media conference after quarterly earnings in Mumbai.
GMF: ASIA LIVECHAT - BETTING FOCUS with Patrick Jay, Consultant to global,
digital and land based betting, gaming and sports sectors
Patrick is a big name in betting circles
Read more
BRIEF-BOJ Amamiya:Will avoid causing losses, impacting markets if its sells ETFs in future
* Bank of Japan Executive Director Masayoshi Amamiya: BOJ
will avoid causing losses and impacting markets if it sells ETFs
in future
Read more
will avoid causing losses and impacting markets if it sells ETFs
in future
Read more
Australia shares hit by stumble in energy firms, NZ at 2-wk lows
SYDNEY/WELLINGTON, May 24 (Reuters) - Australian shares were
down for a second day in subdued trade on Tuesday, as falling
oil prices pressured energy firms although miners proved
resilient to more weakness in iron ore.
Read more
down for a second day in subdued trade on Tuesday, as falling
oil prices pressured energy firms although miners proved
resilient to more weakness in iron ore.
Read more
BRIEF-TOPFIELD to raise 6 bln won via private placement
May 24 (Reuters) - TOPFIELD CO.,Ltd.:
* Says it will raise 6 billion won via private placement
Source text in Korean: http://me2.do/x709M6AH
Further company Coverage:
(Beijing Headline News)
Read more
UPDATE 3-Tribune gets $70.5 mln investment, rejects Gannett offer
* Soon-Shiong to hold 12.9 pct stake in Tribune
(Adds details on ISS report, information on non-disclosure
agreements)
Read more
(Adds details on ISS report, information on non-disclosure
agreements)
Read more
RPT-UPDATE 1-Collapsed Australian steelmaker Arrium eyes sale of profitable Moly-Cop unit
SYDNEY, May 23 (Reuters) - Troubled Australian steel group
Arrium Ltd, which collapsed last month after creditors
rejected a private equity bailout, will hire a global investment
bank to advise on the sale of its profitable Moly-Cop mining
supplies unit, the firm's administrator said on Monday.
Read more
Arrium Ltd, which collapsed last month after creditors
rejected a private equity bailout, will hire a global investment
bank to advise on the sale of its profitable Moly-Cop mining
supplies unit, the firm's administrator said on Monday.
Read more
Investment banks suffer worst first quarter since financial crisis -survey
LONDON, May 24 (Reuters) - Revenue at the world's 12 largest
investment banks fell 25 percent in the first quarter from a
year ago as economic uncertainty and investor caution led to the
slowest start since the financial crisis, a survey showed on
Tuesday.
Read more
investment banks fell 25 percent in the first quarter from a
year ago as economic uncertainty and investor caution led to the
slowest start since the financial crisis, a survey showed on
Tuesday.
Read more
Big banks' first-quarter commodities revenue drops 40 pct - report
LONDON, May 24 (Reuters) - Commodities-related revenue at
the 12 biggest investment banks tumbled 40 percent in the first
three months of the year as lenders cut exposure to the oil and
industrial metals sectors, a consultancy said on Tuesday.
Read more
the 12 biggest investment banks tumbled 40 percent in the first
three months of the year as lenders cut exposure to the oil and
industrial metals sectors, a consultancy said on Tuesday.
Read more
New guilty plea in $250 mln penny stock 'pump-and-dump' scheme
NEW YORK, May 23 (Reuters) - A 71-year-old man who helped
run a complicated offshore scheme to manipulate prices of more
than 40 U.S. stocks and launder more than $250 million of profit
pleaded guilty on Monday to a money laundering conspiracy
charge, federal prosecutors said.
Read more
run a complicated offshore scheme to manipulate prices of more
than 40 U.S. stocks and launder more than $250 million of profit
pleaded guilty on Monday to a money laundering conspiracy
charge, federal prosecutors said.
Read more
CORRECTED-Groupe SEB buys Germany's WMF for 1.02 bln euros
FRANKFURT, May 23 (Reuters) - French household equipment
manufacturer Groupe SEB said on Monday it agreed to
buy German peer WMF for 1.02 billion euros ($1.14 billion) from
private equity firm KKR.
Read more
manufacturer Groupe SEB said on Monday it agreed to
buy German peer WMF for 1.02 billion euros ($1.14 billion) from
private equity firm KKR.
Read more
UPDATE 1-Mozambique heads for default after missing loan repayment deadline
MAPUTO, May 23 (Reuters) - Mozambique was heading for
default on Monday after the government failed to honour a
sovereign guarantee behind a $535 million loan taken out by a
state-run company to build shipyards that have not yet
materialised, a finance ministry source said.
Read more
default on Monday after the government failed to honour a
sovereign guarantee behind a $535 million loan taken out by a
state-run company to build shipyards that have not yet
materialised, a finance ministry source said.
Read more
BRIEF-Air Lease Corp says placement of two Airbus A350-900 with Malaysia Airlines
* Announces the placement of two additional new Airbus
A350-900 aircraft with Malaysia Airlines Berhad
Read more
A350-900 aircraft with Malaysia Airlines Berhad
Read more
CVC Capital Partners to sell remaining stake in Evonik
FRANKFURT, May 23 (Reuters) - Private equity firm CVC
Capital Partners will sell its remaining 4.2 percent
stake in German chemical group Evonik, its bookrunner
JP Morgan said in a statement on Monday.
Read more
Capital Partners will sell its remaining 4.2 percent
stake in German chemical group Evonik, its bookrunner
JP Morgan said in a statement on Monday.
Read more
Wealth Management News - May 23
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/wm/WealthManagement_May23_2016.htm
If you would like to receive this newsletter through your email,
please register at: https://forms.thomsonreuters.com/wealthmanagementnews/
For an index of our newsletters click on
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- type US/MNC in a news browser if you are an Eikon user, or type RT/US/MNC in a news brow
Read more
http://share.thomsonreuters.com/assets/newsletters/wm/WealthManagement_May23_2016.htm
If you would like to receive this newsletter through your email,
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Read more
Poland's outgoing c.bank chief: convert FX mortgage loans at market rate
WARSAW, May 23 (Reuters) - Poland's outgoing central bank
chief Marek Belka said on Monday that any conversion of the
Swiss-franc denominated mortgages weighing on Polish banks
should be done at the zloty's current market rate.
Read more
chief Marek Belka said on Monday that any conversion of the
Swiss-franc denominated mortgages weighing on Polish banks
should be done at the zloty's current market rate.
Read more
Goldman Sachs banker flagged BHS suitor had history of bankruptcy
LONDON, May 23 (Reuters) - Retail tycoon Philip Green's
Arcadia group was warned by a senior Goldman Sachs banker
that a possible suitor of its BHS department store chain had a
history of bankruptcy, British lawmakers were told on Monday.
Read more
Arcadia group was warned by a senior Goldman Sachs banker
that a possible suitor of its BHS department store chain had a
history of bankruptcy, British lawmakers were told on Monday.
Read more
UPDATE 2-Libor antitrust claims are revived in setback for banks
NEW YORK, May 23 (Reuters) - A U.S. appeals court on Monday
revived a civil lawsuit accusing major banks of conspiring to
manipulate the Libor benchmark interest rate, in a big setback
for their defense against investors' claims of market-rigging.
Read more
revived a civil lawsuit accusing major banks of conspiring to
manipulate the Libor benchmark interest rate, in a big setback
for their defense against investors' claims of market-rigging.
Read more
Mozambique to refit tuna fleet, compounding debt crisis
MAPUTO, May 23 (Reuters) - Mozambique's tuna fishing fleet
needs to be refitted to meet European Union standards, Finance
Minister Adriano Maleiane said on Monday, piling more costs onto
a project at the centre of a debt crisis.
Read more
needs to be refitted to meet European Union standards, Finance
Minister Adriano Maleiane said on Monday, piling more costs onto
a project at the centre of a debt crisis.
Read more
BRIEF-Eurosic to maintain original conditions of offer for Fonciere de Paris
* Board decides to maintain original conditions of offer for
Fonciere de Paris
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom:)
Read more
Fonciere de Paris
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom:)
Read more
UPDATE 1-U.S. Fed awards $78.11 billion in reverse repos
NEW YORK, May 23 (Reuters) - The U.S. Federal Reserve on
Monday awarded $78.11 billion of one-day, fixed-rate reverse
repurchase agreements to 38 bidders at an interest rate of 0.25
percent, the New York Fed said on its website.
Read more
Monday awarded $78.11 billion of one-day, fixed-rate reverse
repurchase agreements to 38 bidders at an interest rate of 0.25
percent, the New York Fed said on its website.
Read more
UPDATE 1-Deutsche Bank takes 450 mln euro charge for equities fraud
LONDON, May 23 (Reuters) - Germany's Deutsche Bank said it
took a charge of around 450 million euros last year in relation
to share trading fraud, but declined to give any details on
Monday.
Read more
took a charge of around 450 million euros last year in relation
to share trading fraud, but declined to give any details on
Monday.
Read more
Greek shares rise to outperform weaker European stock markets
* Deutsche Bank cuts outlook on European shares
(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, share 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, share prices)
Read more
Deutsche Bank takes 450 mln euro charge for equities fraud
LONDON, May 23 (Reuters) - Germany's Deutsche Bank said it
took a charge of around 450 million euros last year in relation
to share trading fraud, but declined to give any details on
Monday.
Read more
took a charge of around 450 million euros last year in relation
to share trading fraud, but declined to give any details on
Monday.
Read more
GLOBAL MARKETS-Dollar up on rate hike talk; stocks flat
* Monsanto shares up after Bayer unveils bid
(Updates to U.S. markets openings; changes dateline, previous
LONDON)
Read more
(Updates to U.S. markets openings; changes dateline, previous
LONDON)
Read more
Italian banks must do more to reduce NPLs over medium term -IMF
ROME, May 23 (Reuters) - Italian banks need to take
additional measures to reduce their stock of non-performing
loans over the medium term and should be required to produce
regular updates of their NPL strategy, the International
Monetary Fund said on Monday.
Read more
additional measures to reduce their stock of non-performing
loans over the medium term and should be required to produce
regular updates of their NPL strategy, the International
Monetary Fund said on Monday.
Read more
Demand for Russia's 10-yr Eurobond at $3 bln - IFR cites market source
MOSCOW, May 23 (Reuters) - Demand for Russia's new 10-year
sovereign Eurobond reached $3 billion, IFR, a Thomson Reuters
news and financial service quoted a market source as saying on
Monday.
Read more
sovereign Eurobond reached $3 billion, IFR, a Thomson Reuters
news and financial service quoted a market source as saying on
Monday.
Read more
Fitch Affirms ALTE LEIPZIGER at IFS 'A+'; Outlook Stable
(The following statement was released by the rating agency)
FRANKFURT/LONDON, May 23 (Fitch) Fitch Ratings has affirmed
German mutual life
insurer ALTE LEIPZIGER Lebensversicherung auf Gegenseitigkeit's
(ALL) and its
non-life subsidiary ALTE LEIPZIGER Versicherung
Aktiengesellschaft's (ALV)
Insurer Financial Strength (IFS) ratings at 'A+'. The Outlooks
are Stable.
ALL is the main life insurance entity and the top holding
company of the ALTE
LEIPZIGER group. Fitch considers ALL and ALV to be
Read more
FRANKFURT/LONDON, May 23 (Fitch) Fitch Ratings has affirmed
German mutual life
insurer ALTE LEIPZIGER Lebensversicherung auf Gegenseitigkeit's
(ALL) and its
non-life subsidiary ALTE LEIPZIGER Versicherung
Aktiengesellschaft's (ALV)
Insurer Financial Strength (IFS) ratings at 'A+'. The Outlooks
are Stable.
ALL is the main life insurance entity and the top holding
company of the ALTE
LEIPZIGER group. Fitch considers ALL and ALV to be
Read more
UPDATE 2-Ares Capital to buy American Capital for $3.4 bln
May 23 (Reuters) - Ares Capital Corp, an investment
company focused on mid-sized firms, is buying smaller rival
American Capital Ltd in a cash-and-stock deal valued at
$3.4 billion to better fill the credit gap created as big banks
turn cautious.
Read more
company focused on mid-sized firms, is buying smaller rival
American Capital Ltd in a cash-and-stock deal valued at
$3.4 billion to better fill the credit gap created as big banks
turn cautious.
Read more
BRIEF-Pacific Mercantile Bank names SVP, regional manager of co's Costa Mesa Office
* JC Timmons named SVP & Regional Manager Of Pacific
Mercantile Bank's Costa Mesa Office
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Mercantile Bank's Costa Mesa Office
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Fitch Affirms Indonesia at 'BBB-'; Outlook Stable
(The following statement was released by the rating agency)
HONG KONG, May 23 (Fitch) Fitch Ratings has affirmed Indonesia's
Long-Term
Foreign- and Local Currency Issuer Default Ratings (IDRs) at
'BBB-'. The issue
ratings on Indonesia's senior unsecured foreign- and
local-currency bonds are
also affirmed at 'BBB-'. The Outlooks on the Long-Term IDRs are
Stable. The
Country Ceiling is affirmed at 'BBB' and the Short-Term
Foreign-Currency IDR at
'F3'.
KEY RATING DRIVERS
Indonesia's ratings b
Read more
HONG KONG, May 23 (Fitch) Fitch Ratings has affirmed Indonesia's
Long-Term
Foreign- and Local Currency Issuer Default Ratings (IDRs) at
'BBB-'. The issue
ratings on Indonesia's senior unsecured foreign- and
local-currency bonds are
also affirmed at 'BBB-'. The Outlooks on the Long-Term IDRs are
Stable. The
Country Ceiling is affirmed at 'BBB' and the Short-Term
Foreign-Currency IDR at
'F3'.
KEY RATING DRIVERS
Indonesia's ratings b
Read more
BRIEF-Vector Capital sends letter to Covisint board saying "it is time to sell the company"
* Says it has concluded that only as a private company can
Covisint Corp realize its full potential
Read more
Covisint Corp realize its full potential
Read more
Russia Eurobond may not be held through int'l clearing systems for now - prospectus
MOSCOW, May 23 (Reuters) - The Russian 10-year Eurobond
placed by the finance ministry may not be held through principal
international clearing systems until they determine eligibility
with respect to the bonds, according to the Eurobond's
prospectus.
Read more
placed by the finance ministry may not be held through principal
international clearing systems until they determine eligibility
with respect to the bonds, according to the Eurobond's
prospectus.
Read more
BRIEF-Compania de Seguros de Vida Camara to amortize 16.7 mln shares
* Said on Friday plans to amortize 16.7 million shares,
bringing company share capital to 62.9 million shares
Read more
bringing company share capital to 62.9 million shares
Read more
ASIA CREDIT CLOSE: Rate fears overshadow buoyant primary market
SINGAPORE, May 23 (IFR) - A burst of primary activity and
expected large issues from the likes of Indonesia and Huarong
Asset Management caused some movement in secondary markets, but
the focus for traders was on pricing in the likelihood of a June
rate rise - exactly the reason why issuers are rushing to market
in the coming weeks.
Read more
expected large issues from the likes of Indonesia and Huarong
Asset Management caused some movement in secondary markets, but
the focus for traders was on pricing in the likelihood of a June
rate rise - exactly the reason why issuers are rushing to market
in the coming weeks.
Read more
Bayer shareholder warns against overpaying for Monsanto
FRANKFURT, May 23 (Reuters) - Bayer shareholder
Union Investment, a German mutual fund company, said it was
bracing for Bayer paying more for Monsanto than what the
German drugmaker is currently proposing, stretching the limits
of what is acceptable.
Read more
Union Investment, a German mutual fund company, said it was
bracing for Bayer paying more for Monsanto than what the
German drugmaker is currently proposing, stretching the limits
of what is acceptable.
Read more
Indonesia hires banks for euro-denominated bond
LONDON, May 23 (IFR) - The Republic of Indonesia has
mandated Barclays, Deutsche Bank, JP Morgan and SG CIB to
arrange investor meetings in Europe, according to a lead
manager.
Read more
mandated Barclays, Deutsche Bank, JP Morgan and SG CIB to
arrange investor meetings in Europe, according to a lead
manager.
Read more
ECB policy mainly having positive impact on banks - Villeroy
PARIS, May 23 (Reuters) - The European Central Bank's
monetary stimulus has had a mainly positive impact on euro zone
banks' profitability and balance sheets, ECB governing council
member Francois Villeroy de Galhau said on Monday.
Read more
monetary stimulus has had a mainly positive impact on euro zone
banks' profitability and balance sheets, ECB governing council
member Francois Villeroy de Galhau said on Monday.
Read more
Sunday, May 22, 2016
BRIEF-Akatsuki Financial Group to issue 14 series corporate bonds for 1 bln yen
* Says the com to issue 14 series unsecured corporate bonds
worth 1 billion yen through public offering
Read more
worth 1 billion yen through public offering
Read more
BRIEF-Soochow Securities to establish 14 securities sales department
May 23 (Reuters) - Soochow Securities Co., Ltd.:
* Says it will establish 14 securities sales department
Source text in Chinese: http://me2.do/xeDbpX6W
Further company Coverage:
(Beijing Headline News)
Read more
BRIEF-Yinyi Real Estate issues bonds worth 350 mln yuan
* Says it issued 2016 second tranche non-public corporate
bonds (type one) worth 350 million yuan with a term of three
years and coupon rate of 8.2 percent
Read more
bonds (type one) worth 350 million yuan with a term of three
years and coupon rate of 8.2 percent
Read more
UBS cuts "handful" of private bankers in Singapore, HK -sources
SINGAPORE/HONG KONG, May 23 (Reuters) - UBS Group AG
has cut a handful of private bankers from operations in
Singapore and Hong Kong in recent weeks including a senior
catering for the super rich in Southeast Asia, two people
familiar with the matter said.
Read more
has cut a handful of private bankers from operations in
Singapore and Hong Kong in recent weeks including a senior
catering for the super rich in Southeast Asia, two people
familiar with the matter said.
Read more
China shares edge up in cautious trade; Hong Kong follows Wall Street higher
SHANGHAI, May 23 (Reuters) - China stocks edged up on Monday
morning, but trading remained light, with the market's bearish
trend seen persisting as the government holds off on further
policy stimulus.
Read more
morning, but trading remained light, with the market's bearish
trend seen persisting as the government holds off on further
policy stimulus.
Read more
BRIEF-Boditech Med sees 2016 revenue outlook of 60 bln won
May 23 (Reuters) - Boditech Med Inc. :
* Says it sees revenue of 60 bln won for 2016
Source text in Korean: http://goo.gl/EFnUd2
Further company coverage:
(Beijing Headline News)
Read more
Taiwan stocks hit nearly 3-week high; techs, financials jump
TAIPEI, May 23 (Reuters) - Taiwan stocks rebounded to a
nearly-three-week intraday high on Monday, driven by gains in
heavyweights such as Taiwan Semiconductor Manufacturing Co
(TSMC).
Read more
nearly-three-week intraday high on Monday, driven by gains in
heavyweights such as Taiwan Semiconductor Manufacturing Co
(TSMC).
Read more
Fitch Rates Axis Bank's Proposed First "Green Bonds"
(The following statement was released by the rating agency)
MUMBAI/SINGAPORE, May 22 (Fitch) Fitch Ratings has assigned
India-based Axis
Bank Ltd.'s (BBB-/ Stable) proposed USD500m senior unsecured
debt an expected
rating of 'BBB-(EXP)'.
The notes, which would be the first "Green Bond" (proceeds used
only to fund
environmentally friendly projects) issuance from the bank, and
will constitute
direct, unconditional, unsubordinated and unsecured obligations
of the issuer.
The notes will at all
Read more
MUMBAI/SINGAPORE, May 22 (Fitch) Fitch Ratings has assigned
India-based Axis
Bank Ltd.'s (BBB-/ Stable) proposed USD500m senior unsecured
debt an expected
rating of 'BBB-(EXP)'.
The notes, which would be the first "Green Bond" (proceeds used
only to fund
environmentally friendly projects) issuance from the bank, and
will constitute
direct, unconditional, unsubordinated and unsecured obligations
of the issuer.
The notes will at all
Read more
Australia & NZ shares ease, weakness in iron ore hits miners
SYDNEY/WELLINGTON, May 23 (Reuters) - Australian shares fell
to their lowest in nearly two weeks on Monday as weakness in
iron ore prices weighed on the major miners, while a soggy
performance by the big banks all but ensured a negative start to
the week.
Read more
to their lowest in nearly two weeks on Monday as weakness in
iron ore prices weighed on the major miners, while a soggy
performance by the big banks all but ensured a negative start to
the week.
Read more
China's drugs watchdog struggles as senior staff lured away by industry
SHANGHAI, May 23 (Reuters) - Promises of higher salaries and
greater freedom at work are luring officials from China's
high-profile drugs watchdog to the companies they had regulated,
a blow just as the country looks to tighten oversight and drive
innovation.
Read more
greater freedom at work are luring officials from China's
high-profile drugs watchdog to the companies they had regulated,
a blow just as the country looks to tighten oversight and drive
innovation.
Read more
UK advisers struggling with Chinese stock listings - survey
LONDON, May 23 (Reuters) - Almost two-thirds of the advisory
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
REFILE-UPDATE 1-Greek parliament approves reforms in exchange for aid, debt relief
ATHENS, May 22 (Reuters) - Greek lawmakers approved tax
increases and a new privatisation fund on Sunday and freed up
the sale of non-performing loans in exchange for much-needed
bailout loans and debt relief.
Read more
increases and a new privatisation fund on Sunday and freed up
the sale of non-performing loans in exchange for much-needed
bailout loans and debt relief.
Read more
Greek parliament approves bailout reforms before Eurogroup meeting
ATHENS, May 22 (Reuters) - Greek lawmakers approved on
Sunday a bill which increases tax, creates a new privatisation
fund and frees up the sale of non performing loans in exchange
for much-needed bailout loans and to qualify for debt relief.
Read more
Sunday a bill which increases tax, creates a new privatisation
fund and frees up the sale of non performing loans in exchange
for much-needed bailout loans and to qualify for debt relief.
Read more
UPDATE 1-Anthem, Cigna merger squabbles could delay antitrust approval -WSJ
WASHINGTON, May 22 (Reuters) - Quarrels have broken out
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal, the Wall Street Journal
reported on Sunday.
Read more
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal, the Wall Street Journal
reported on Sunday.
Read more
UPDATE 1-Box Office: 'Angry Birds' Soars in U.S. Debut, 'Captain America' Stays Powerful
LOS ANGELES, May 22 (Variety.com) - "The Angry Birds Movie"
has flown to victory at the U.S. box office with a $39 million
opening weekend at 3,932 locations, handily topping "Captain
America: Civil War" and "Neighbors 2: Sorority Rising."
Read more
has flown to victory at the U.S. box office with a $39 million
opening weekend at 3,932 locations, handily topping "Captain
America: Civil War" and "Neighbors 2: Sorority Rising."
Read more
RPT-Wall St Week Ahead-Economic data keeps Fed in focus for stocks
NEW YORK, May 20 (Reuters) - Economic data will garner most
of the attention next week, with investors placing a heavy
weight on a host of reports as they try and determine the
likelihood of a rate hike by the U.S. Federal Reserve at its
June meeting.
Read more
of the attention next week, with investors placing a heavy
weight on a host of reports as they try and determine the
likelihood of a rate hike by the U.S. Federal Reserve at its
June meeting.
Read more
UPDATE 1-Rival suitors consider joint bid for Tata's UK steel assets -Sunday Times
LONDON, May 22 (Reuters) - Excalibur Steel, a management
buyout group interested in purchasing Tata Steel's British
steelmaking operations, is considering joining forces with rival
bidder Liberty House, The Sunday Times newspaper reported.
Read more
buyout group interested in purchasing Tata Steel's British
steelmaking operations, is considering joining forces with rival
bidder Liberty House, The Sunday Times newspaper reported.
Read more
Box Office: 'Angry Birds' Soars in U.S. Debut, 'Captain America' Stays Powerful
LOS ANGELES, May 22 (Variety.com) - "The Angry Birds Movie"
has flown to victory at the U.S. box office with a $39 million
opening weekend at 3,932 locations, handily topping "Captain
America: Civil War" and "Neighbors 2: Sorority Rising."
Read more
has flown to victory at the U.S. box office with a $39 million
opening weekend at 3,932 locations, handily topping "Captain
America: Civil War" and "Neighbors 2: Sorority Rising."
Read more
MIDEAST STOCKS-Gulf markets fall as investors take profits; Egypt sags
DUBAI, May 22 (Reuters) - Stock markets in the Gulf fell on
Sunday as investors took profits, taking their cue from a dip in
Brent oil futures at the end of last week, while
concerns over security risks put pressure on Egyptian shares.
Read more
Sunday as investors took profits, taking their cue from a dip in
Brent oil futures at the end of last week, while
concerns over security risks put pressure on Egyptian shares.
Read more
Anthem, Cigna merger squabbles could delay antitrust approval - WSJ
WASHINGTON, May 22 (Reuters) - Quarrels have broken out
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal, the Wall Street Journal
reported on Sunday.
Read more
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal, the Wall Street Journal
reported on Sunday.
Read more
MIDEAST STOCKS-Gulf markets edge lower in early trade
DUBAI, May 22 (Reuters) - Stock markets in the Gulf edged
down in early trade on Sunday as investors took profits,
encouraged by a dip in Brent oil futures at the end of
last week.
Read more
down in early trade on Sunday as investors took profits,
encouraged by a dip in Brent oil futures at the end of
last week.
Read more
Bahrain sovereign fund Mumtalakat 2015 net profit drops 68.7 pct
DUBAI, May 22 (Reuters) - Bahraini sovereign fund Mumtalakat
posted a 68.7 percent drop in 2015 net profit on
Sunday, as the state-owned investor cited impairment losses for
the decline.
Read more
posted a 68.7 percent drop in 2015 net profit on
Sunday, as the state-owned investor cited impairment losses for
the decline.
Read more
MIDEAST STOCKS-Gulf bourses may weaken as investors book profits
DUBAI, May 22 (Reuters) - Stock markets in the Gulf may
trade with a weak bias on Sunday as short-term traders book
profits because of a lack of strong positive catalysts.
Read more
trade with a weak bias on Sunday as short-term traders book
profits because of a lack of strong positive catalysts.
Read more
Saturday, May 21, 2016
China policy bank to lend around $458 bln for poverty reduction
BEIJING, May 22 (Reuters) - Agricultural Development Bank of
China, one of the country's main policy lenders,
plans to lend 3 trillion yuan ($458.12 billion) up to 2020 as
part of government efforts to reduce poverty, state media
reported.
Read more
China, one of the country's main policy lenders,
plans to lend 3 trillion yuan ($458.12 billion) up to 2020 as
part of government efforts to reduce poverty, state media
reported.
Read more
China central bank seeking ways to collect online lending data
SHANGHAI, May 21 (Reuters) - China's central bank is
studying ways of collecting and distributing data on how funds
raised online are being used because of the risks posed, the
director of its statistics department Sheng Song said in an
essay released on Saturday.
Read more
studying ways of collecting and distributing data on how funds
raised online are being used because of the risks posed, the
director of its statistics department Sheng Song said in an
essay released on Saturday.
Read more
Lebanese charity says unfairly hit by U.S. anti-Hezbollah law
BEIRUT, May 20 (Reuters) - A Lebanese charity network run by
a Shi'ite Muslim cleric said it had been unfairly caught up in
new U.S. financial sanctions against Hezbollah, accusing
Lebanese banks of applying the restrictions too widely.
Read more
a Shi'ite Muslim cleric said it had been unfairly caught up in
new U.S. financial sanctions against Hezbollah, accusing
Lebanese banks of applying the restrictions too widely.
Read more
Pakistan's central bank cuts main policy interest rate to 5.75 pct
KARACHI, May 21 (Reuters) - Pakistan's central bank trimmed
its key policy rate by 25 basis points to 5.75 percent, the
State Bank of Pakistan said on Saturday, as the country was on
course to miss its economic growth target for the year.
Read more
its key policy rate by 25 basis points to 5.75 percent, the
State Bank of Pakistan said on Saturday, as the country was on
course to miss its economic growth target for the year.
Read more
Warsaw bourse flags $25 mln dividend, upholds payout policy
WARSAW, May 21 (Reuters) - Eastern and central Europe's
largest equity market, the Warsaw Stock Exchange (GPW),
said it will pay a dividend of 2.36 zlotys per share and plans
to keep paying out more than 60 percent of annual profits.
Read more
largest equity market, the Warsaw Stock Exchange (GPW),
said it will pay a dividend of 2.36 zlotys per share and plans
to keep paying out more than 60 percent of annual profits.
Read more
HIGHLIGHTS-G7 finance leaders debate global economy, risks
SENDAI, Japan, May 21 (Reuters) - Finance leaders of the
Group of Seven (G7) advanced economies gathered in the northeast
Japanese city of Sendai for a two-day discussion on issues
ranging from the global economy, its risks and an appropriate
policy response.
Read more
Group of Seven (G7) advanced economies gathered in the northeast
Japanese city of Sendai for a two-day discussion on issues
ranging from the global economy, its risks and an appropriate
policy response.
Read more
Friday, May 20, 2016
BRIEF-Sessa Capital responds to letter from Ashford Prime's incumbent directors
* Sessa Capital Lp says responds to letter from Ashford
Hospitality Prime's incumbent directors
Read more
Hospitality Prime's incumbent directors
Read more
World Bank launches $500 mln insurance fund to fight pandemics
WASHINGTON, May 20 (Reuters) - - The World Bank on Saturday
said it was launching a $500 million, fast-disbursing insurance
fund to combat deadly pandemics in poor countries, creating the
world's first insurance market for pandemic risk.
Read more
said it was launching a $500 million, fast-disbursing insurance
fund to combat deadly pandemics in poor countries, creating the
world's first insurance market for pandemic risk.
Read more
UPDATE 2-SWIFT tells banks to share information on hacks
LONDON, May 20 (Reuters) - International financial messaging
service SWIFT told clients on Friday to share information on
attacks on the system to help prevent hacking, after criminals
used SWIFT messages to steal $81 million from the Bangladesh
central bank.
Read more
service SWIFT told clients on Friday to share information on
attacks on the system to help prevent hacking, after criminals
used SWIFT messages to steal $81 million from the Bangladesh
central bank.
Read more
UPDATE 1-Osborne sees house prices sliding 10-18 pct if Britain leaves EU
LONDON, May 20 (Reuters) - British house prices would fall
10 percent to 18 percent if the country voted to leave the
European Union, finance minister George Osborne said on Friday.
Read more
10 percent to 18 percent if the country voted to leave the
European Union, finance minister George Osborne said on Friday.
Read more
Peabody moves to end debt dispute in favor of unsecured creditors
CHICAGO, May 20 (Reuters) - Bankrupt coal producer Peabody
Energy Corp said in a court filing Friday it
believes its long-term debt should be included in its current
liabilities, a position that favors unsecured creditors to the
tune of $1 billion.
Read more
Energy Corp said in a court filing Friday it
believes its long-term debt should be included in its current
liabilities, a position that favors unsecured creditors to the
tune of $1 billion.
Read more
BRIEF-Iroquois Capital Management reports 7.4 pct passive stake in XG Technology
* Iroquois Capital Management L.L.C. reports 7.4% passive
stake in XG Technology as on May 13, 2016 - SEC filingSource
text for Eikon:
Read more
stake in XG Technology as on May 13, 2016 - SEC filingSource
text for Eikon:
Read more
BRIEF-United Guaranty Corp says intend to apply to list common stock on NYSE under symbol "UGC"
* Intend to apply to list common stock on the New York Stock
Exchange under the symbol "UGC" - sec filing
Source text for Eikon: [ID:http://reut.rs/1oUTX8C]
(Bengaluru Newsroom; +1 646 223 8780)
Read more
Exchange under the symbol "UGC" - sec filing
Source text for Eikon: [ID:http://reut.rs/1oUTX8C]
(Bengaluru Newsroom; +1 646 223 8780)
Read more
BRIEF-Wheeler REIT files for offering of up to 6.9 mln shares
* Wheeler Real Estate Investment Trust files for offering of
up to 6.9 million shares of common stock - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
up to 6.9 million shares of common stock - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
BRIEF-Orbimed Advisors reports 7.40% stake in Intellia Therapeutics
* Orbimed Advisors LLC reports 7.40% stake in Intellia
Therapeutics as of May 11, 2016 - sec filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Therapeutics as of May 11, 2016 - sec filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Wealth Management News - May 20
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/wm/WealthManagement_May20_2016.htm
If you would like to receive this newsletter through your email,
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Read more
http://share.thomsonreuters.com/assets/newsletters/wm/WealthManagement_May20_2016.htm
If you would like to receive this newsletter through your email,
please register at: https://forms.thomsonreuters.com/wealthmanagementnews/
For an index of our newsletters click on
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- type US/MNC in a news browser if you are an Eikon user, or type RT/US/MNC in a news brow
Read more
GLOBAL MARKETS-Dollar rises to third weekly gain; stocks jump
NEW YORK, May 20 (Reuters) - Global equity markets rose on
Friday as investors took in stride the possibility the Federal
Reserve may hike interest rates in June, a view that helped U.S.
bond yields to rise and lifted the dollar to a third straight
week of gains.
Read more
Friday as investors took in stride the possibility the Federal
Reserve may hike interest rates in June, a view that helped U.S.
bond yields to rise and lifted the dollar to a third straight
week of gains.
Read more
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