* Says publishing items affecting comparability for q2 of
2016
Read more
Thursday, June 30, 2016
BRIEF-Selvaag Bolig reports new sales record
* In Q2 sold 326 homes with total value of 1.37 billion Norwegian crowns ($163.85 million)
versus 210 homes with combined value of 693 million crowns year ago
Read more
versus 210 homes with combined value of 693 million crowns year ago
Read more
BRIEF-Intershop holding sells 28 pct stake in Corestate Capital Holding
* Sold on June 30 its stake of about 28 percent in Corestate
Capital Holding S.A. retroactive to beginning of 2016, to
majority shareholder Ralph Winter
Read more
Capital Holding S.A. retroactive to beginning of 2016, to
majority shareholder Ralph Winter
Read more
Scandal-hit Zenefits slashes own valuation as it cuts deal with investors
SAN FRANCISCO, June 30 (Reuters) - Software startup Zenefits
has cut a highly unusual deal with investors to increase their
ownership while slashing the once-hot firm's valuation as it
seeks to avoid litigation and mend damage in the wake of
revelations of cheating.
Read more
has cut a highly unusual deal with investors to increase their
ownership while slashing the once-hot firm's valuation as it
seeks to avoid litigation and mend damage in the wake of
revelations of cheating.
Read more
Pacific Alliance finance ministers eye financial integration
FRUTILLAR, Chile, June 30 (Reuters) - The Pacific Alliance
trade bloc must improve integration of financial systems to spur
investment in key areas such as infrastructure, finance
ministers from the four member nations said on Thursday.
Read more
trade bloc must improve integration of financial systems to spur
investment in key areas such as infrastructure, finance
ministers from the four member nations said on Thursday.
Read more
UPDATE 1-China factory activity stalls in June, more stimulus expected
BEIJING, July 1 (Reuters) - Growth in China's manufacturing
sector stalled in June, an official survey showed on Friday,
adding to expectations that Beijing will have to roll out more
stimulus soon to boost the sluggish economy.
Read more
sector stalled in June, an official survey showed on Friday,
adding to expectations that Beijing will have to roll out more
stimulus soon to boost the sluggish economy.
Read more
Taiwan c.bank lowers open market operations rates
TAIPEI, July 1 (Reuters) - Taiwan's central bank lowered the
rate on its regular negotiable certificates of deposit by seven
basis points on Friday, a move that comes after it cut the
policy rate Thursday.
Read more
rate on its regular negotiable certificates of deposit by seven
basis points on Friday, a move that comes after it cut the
policy rate Thursday.
Read more
Growth in China's services sector speeds up in June-official PMI
BEIJING, July 1 (Reuters) - Growth in China's services
sector accelerated in June, an official survey showed on Friday.
Read more
sector accelerated in June, an official survey showed on Friday.
Read more
S.Korea June house prices rise at slowest pace in over a year
SEOUL, July 1 (Reuters) - South Korea's annual house price
growth in June accelerated at its slowest pace since April last
year, data from the country's top mortgage lender showed on
Friday.
Read more
growth in June accelerated at its slowest pace since April last
year, data from the country's top mortgage lender showed on
Friday.
Read more
Australia home prices rise for 6th month in June-CoreLogic
SYDNEY, July 1 (Reuters) - Home prices across Australia's
major cities rose for a sixth straight month in June as falling
mortgage rates kept demand hot in Sydney and Melbourne, a
potential red flag for policy makers worried about the risk of a
borrowing-fuelled bubble.
Read more
major cities rose for a sixth straight month in June as falling
mortgage rates kept demand hot in Sydney and Melbourne, a
potential red flag for policy makers worried about the risk of a
borrowing-fuelled bubble.
Read more
REFILE-BRIEF-Australia and New Zealand Banking expects improved outcomes from institutional in future
July 1 (Reuters) - July 1 (Reuters) - Australia and New
Zealand Banking Group Ltd :
* Will gradually consolidate dividend payout ratio within
historic range of 60-65 percent of annual cash profit, from
prior 65-70 percent
* Expect improved financial outcomes from institutional in
future periods
Read more
Zealand Banking Group Ltd :
* Will gradually consolidate dividend payout ratio within
historic range of 60-65 percent of annual cash profit, from
prior 65-70 percent
* Expect improved financial outcomes from institutional in
future periods
Read more
UPDATE 2-Ukraine central bank flagged cyber attack in April - memo
KIEV, June 30 (Reuters) - Ukraine's central bank urged
lenders in April to review security procedures, saying thieves
had attempted to steal money from a Ukrainian bank using
fraudulent SWIFT transfers, according to a confidential message
obtained by Reuters.
Read more
lenders in April to review security procedures, saying thieves
had attempted to steal money from a Ukrainian bank using
fraudulent SWIFT transfers, according to a confidential message
obtained by Reuters.
Read more
UPDATE 1-S&P keeps AA+ rating, stable outlook on United States
NEW YORK, June 30 (Reuters) - Standard & Poor's said on
Thursday it maintained its AA+ credit rating and stable outlook
on the United States, saying positive and negative risks on its
finances are balanced over the next two years.
Read more
Thursday it maintained its AA+ credit rating and stable outlook
on the United States, saying positive and negative risks on its
finances are balanced over the next two years.
Read more
UPDATE 4-Visa, MasterCard $7.25 bln settlement with retailers is thrown out
NEW YORK, June 30 (Reuters) - A federal appeals court on
Thursday threw out a $7.25 billion antitrust settlement reached
by Visa Inc and MasterCard Inc with millions of
retailers that accused the card networks of improperly fixing
credit and debit card fees.
Read more
Thursday threw out a $7.25 billion antitrust settlement reached
by Visa Inc and MasterCard Inc with millions of
retailers that accused the card networks of improperly fixing
credit and debit card fees.
Read more
Commerzbank to cut over 100 jobs in New York
FRANKFURT, June 30 (Reuters) - German bank Commerzbank
is to cut more than 100 jobs in its New York office as
it streamlines certain operations in order to focus more on
investment banking, an executive said.
Read more
is to cut more than 100 jobs in its New York office as
it streamlines certain operations in order to focus more on
investment banking, an executive said.
Read more
UPDATE 1-Portugal gets four offers in new attempt to sell Novo Banco
LISBON, June 30 (Reuters) - Portugal's central bank received
four offers for Novo Banco, the "good bank" successor to Banco
Espirito Santo after a state rescue in 2014, by the Thursday
afternoon deadline, it said in a statement, without naming the
institutions.
Read more
four offers for Novo Banco, the "good bank" successor to Banco
Espirito Santo after a state rescue in 2014, by the Thursday
afternoon deadline, it said in a statement, without naming the
institutions.
Read more
UPDATE 2-Argentina announces two-part US dollar bond: source
NEW YORK, June 30 (IFR) - The Republic of Argentina
announced a two-part US dollar bond sale on Thursday, just three
months after its historic return to the international capital
markets.
Read more
announced a two-part US dollar bond sale on Thursday, just three
months after its historic return to the international capital
markets.
Read more
Fidelity OTC fund boosted SolarCity stake by 20 pct in May
BOSTON, June 30 (Reuters) - The Fidelity OTC Portfolio, the
largest fund investor in SolarCity Corp, boosted its
stake in the company by 20 percent in May, just weeks before
Tesla Motors offered to buy the solar panel maker for about $2.8
billion.
Read more
largest fund investor in SolarCity Corp, boosted its
stake in the company by 20 percent in May, just weeks before
Tesla Motors offered to buy the solar panel maker for about $2.8
billion.
Read more
Two of three German A400M planes grounded due to engine issues-ministry
BERLIN, June 30 (Reuters) - Germany has grounded two of its
three A400M military transport planes delivered by Airbus Group
SE due to newly discovered gearbox issues on their
turboprop engines, a spokesman for the German defence ministry
said on Thursday.
Read more
three A400M military transport planes delivered by Airbus Group
SE due to newly discovered gearbox issues on their
turboprop engines, a spokesman for the German defence ministry
said on Thursday.
Read more
BRIEF-UniCredit to pay outgoing CEO Ghizzoni 9.4 mln euros in severance pay
* to pay outgoing CEO Federico Ghizzoni 5 million euros
gross upon resolution of his employment and another 4.37 million
euros in cash and shares deferred over five years in severance
pay
Read more
gross upon resolution of his employment and another 4.37 million
euros in cash and shares deferred over five years in severance
pay
Read more
BRIEF-Chubb names regional presidents in Asia Pacific and Latin America
* Chubb announces changes to its regional presidents in Asia
Pacific and Latin America; New division president named for
company's International Accident & Health Business
Read more
Pacific and Latin America; New division president named for
company's International Accident & Health Business
Read more
BRIEF-First of Long Island says files for mixed shelf of up to $150 mln
* Says files for mixed shelf of up to $150 million - SEC
filing
Source - http://1.usa.gov/2959HpM
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
filing
Source - http://1.usa.gov/2959HpM
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
BRIEF-Carige aims to sell 800-900 mln euros of bad loans by year-end
* lender aims to sell bad loans worth 800-900 million euros
by year-end, hopes Atlante fund can get involved
Read more
by year-end, hopes Atlante fund can get involved
Read more
BRIEF-YeaShin International Development adjusts conversion price of 5th and 6th series domestic secured convertible corporate bonds
* Says it adjusts conversion price of 5th series domestic
secured convertible corporate bonds to T$17.94 from T$19.61
Read more
secured convertible corporate bonds to T$17.94 from T$19.61
Read more
BRIEF-Adage Capital Partners reports 5.70 pct passive stake in Medgenics
* Adage Capital Partners reports 5.70 pct passive stake in
Medgenics as of June 21 - sec filing
Source text: http://1.usa.gov/29fLbrz
Further company coverage:
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
Read more
Medgenics as of June 21 - sec filing
Source text: http://1.usa.gov/29fLbrz
Further company coverage:
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
Read more
Mustier to take office as new UniCredit CEO on July 12 - sources
MILAN, June 30 (Reuters) - French investment banker
Jean-Pierre Mustier will take office as UniCredit's new chief
executive on July 12, sources said on Thursday.
Read more
Jean-Pierre Mustier will take office as UniCredit's new chief
executive on July 12, sources said on Thursday.
Read more
Hedge fund Horseman Capital posts double-digit gains in volatile June
LONDON, June 30 (Reuters) - London-based hedge fund firm
Horseman Capital made gains of 10.4 percent in its main Global
fund in the month to June 29, an investor letter seen by Reuters
showed.
Read more
Horseman Capital made gains of 10.4 percent in its main Global
fund in the month to June 29, an investor letter seen by Reuters
showed.
Read more
India's cenbank suspends euro transactions via Asian Clearing Union
MUMBAI, June 30 (Reuters) - The Reserve Bank of India on
Thursday temporarily suspended all euro transactions through the
Asian Clearing Union (ACU) mechanism from July 1 and said all
such trades will now have to be settled outside the system until
further notice.
Read more
Thursday temporarily suspended all euro transactions through the
Asian Clearing Union (ACU) mechanism from July 1 and said all
such trades will now have to be settled outside the system until
further notice.
Read more
Fitch Revises IFFIm's Outlook to Negative; Affirms at 'AA'
(The following statement was released by the rating agency)
PARIS/LONDON, June 30 (Fitch) Fitch Ratings, London, 30 June
2016: Fitch Ratings
has revised International Finance Facility for Immunisation's
(IFFIm) Outlook to
Negative from Stable and affirmed the Long-Term Issuer Default
Rating (IDR) at
'AA'. The Short-Term IDR has been affirmed at 'F1+'. IFFIm's
senior unsecured
notes are also affirmed at 'AA'.
KEY RATING DRIVERS
The revision of the Outlook has been prompted by Fitch's
downgr
Read more
PARIS/LONDON, June 30 (Fitch) Fitch Ratings, London, 30 June
2016: Fitch Ratings
has revised International Finance Facility for Immunisation's
(IFFIm) Outlook to
Negative from Stable and affirmed the Long-Term Issuer Default
Rating (IDR) at
'AA'. The Short-Term IDR has been affirmed at 'F1+'. IFFIm's
senior unsecured
notes are also affirmed at 'AA'.
KEY RATING DRIVERS
The revision of the Outlook has been prompted by Fitch's
downgr
Read more
UK insurer esure says hasn't received takeover approach
June 30 (Reuters) - British insurer esure Group Plc
denied on Thursday a report that it been approached with a
potential takeover offer.
Read more
denied on Thursday a report that it been approached with a
potential takeover offer.
Read more
UPDATE 1-Italy's UniCredit appoints Mustier as new CEO - sources
MILAN, June 30 (Reuters) - Italy's biggest lender, UniCredit
, appointed French investment banker Jean-Pierre
Mustier on Thursday as its new chief executive, sources said, a
remarkable comeback for a banker who was once fined for insider
trading.
Read more
, appointed French investment banker Jean-Pierre
Mustier on Thursday as its new chief executive, sources said, a
remarkable comeback for a banker who was once fined for insider
trading.
Read more
Italy may have to recapitalise weak banks directly after stress tests-govt source
ROME, June 30 (Reuters) - The Italian government may have to
inject capital directly into weaker banks to bolster their
financial strength, a government source said on Thursday, adding
it was waiting for the results of stress tests being conducted
by European banking authorities.
Read more
inject capital directly into weaker banks to bolster their
financial strength, a government source said on Thursday, adding
it was waiting for the results of stress tests being conducted
by European banking authorities.
Read more
Deals of the day- Mergers and acquisitions
June 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on
Thursday:
Read more
acquisitions and disposals were reported by 1000 GMT on
Thursday:
Read more
Poland's PKO BP to pay dividend of PLN 1/shr, as planned
WARSAW, June 30 (Reuters) - Shareholders at Poland's No.1
bank, the state-run PKO BP, decided on Thursday that it
will pay a dividend of 1.25 billion zlotys ($314.2 million), or
1.0 zloty per share, in line with the management's proposal.
($1 = 3.9780 zlotys)
(Reporting by Marcin Goclowski; Editing by Adrian Krajewski)
Read more
bank, the state-run PKO BP, decided on Thursday that it
will pay a dividend of 1.25 billion zlotys ($314.2 million), or
1.0 zloty per share, in line with the management's proposal.
($1 = 3.9780 zlotys)
(Reporting by Marcin Goclowski; Editing by Adrian Krajewski)
Read more
Hong Kong shares rebound a 2nd day as Brexit fears wane again
June 30 (Reuters) - Hong Kong stocks extended their bounce
on Thursday, tracking global markets as fears stemming from
Britain's vote to leave the European Union continued to abate.
Read more
on Thursday, tracking global markets as fears stemming from
Britain's vote to leave the European Union continued to abate.
Read more
Guerrilla banking: North Korean underground investors fund state projects - report
SEOUL, June 30 (Reuters) - Devoid of consumer high street
banks, North Korea has seen a recent rise in underground
financing and investment, much of which supports state-managed
projects, a South Korean report said on Thursday.
Read more
banks, North Korea has seen a recent rise in underground
financing and investment, much of which supports state-managed
projects, a South Korean report said on Thursday.
Read more
Fitch Rates Wuxi Construction and Development's USD Notes Final 'BBB+'
(The following statement was released by the rating agency)
HONG KONG, June 30 (Fitch) Fitch Ratings has assigned Wuxi
Construction and
Development Investment Co., Ltd.'s (WCDI) USD300m 3.25% notes
due 2019 a final
rating of 'BBB+'. The net proceeds of the proposed issue will be
used for WCDI's
infrastructure construction business, repayment of outstanding
debt and general
corporate purposes.
The notes were issued by Xihui Haiwai I Investment Holdings Co.,
Limited (Xihui
Haiwai I), and ar
Read more
HONG KONG, June 30 (Fitch) Fitch Ratings has assigned Wuxi
Construction and
Development Investment Co., Ltd.'s (WCDI) USD300m 3.25% notes
due 2019 a final
rating of 'BBB+'. The net proceeds of the proposed issue will be
used for WCDI's
infrastructure construction business, repayment of outstanding
debt and general
corporate purposes.
The notes were issued by Xihui Haiwai I Investment Holdings Co.,
Limited (Xihui
Haiwai I), and ar
Read more
Russia c.bank: relatively healthy banking system doesn't mean end of cleanup
ST PETERSBURG, Russia, June 30 (Reuters) - Russia's central
bank governor Elvira Nabiullina said on Thursday that a
relatively healthy banking system did not mean the end of
efforts to clean up the sector.
(Reporting by Elena Fabrichnaya and Oksana Kobzeva; Writing by
Polina Devitt and Alexander Winning)
Read more
bank governor Elvira Nabiullina said on Thursday that a
relatively healthy banking system did not mean the end of
efforts to clean up the sector.
(Reporting by Elena Fabrichnaya and Oksana Kobzeva; Writing by
Polina Devitt and Alexander Winning)
Read more
Wednesday, June 29, 2016
BRIEF-Yamaguchi Financial Group sets up agency JV with Sumitomo Life Insurance Company
* Says the co set up an agency JV, which is engaged in
fields of insurance, financial products, investment and bank,
with Sumitomo Life Insurance Company On June 30
Read more
fields of insurance, financial products, investment and bank,
with Sumitomo Life Insurance Company On June 30
Read more
UK's 3i says no plans to sell or list shares in Dutch retailer Action
LONDON, June 30 (Reuters) - British private equity firm 3i
has no plans to dispose of its investment in Dutch
discount retailer Action despite a number of approaches, the
company said on Thursday.
Read more
has no plans to dispose of its investment in Dutch
discount retailer Action despite a number of approaches, the
company said on Thursday.
Read more
Fitch: Saving a Deposit is the Major Barrier for First-Home Buyers in Australia
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Asia-Pacific Structured Finance
Chart of the
Month - June 2016
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884220
SYDNEY, June 30 (Fitch) Housing affordability for first-home
buyers is at its
most expensive on record in Sydney and Melbourne and remains
high in other
Australian capitals, despite housing-loan serviceability at its
cheapest since
2003. Fitch expects first-home
Read more
Link to Fitch Ratings' Report: Asia-Pacific Structured Finance
Chart of the
Month - June 2016
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884220
SYDNEY, June 30 (Fitch) Housing affordability for first-home
buyers is at its
most expensive on record in Sydney and Melbourne and remains
high in other
Australian capitals, despite housing-loan serviceability at its
cheapest since
2003. Fitch expects first-home
Read more
BRIEF-Royal Exchange plc posts qtrly pre-tax profit of 227.5 mln naira
* Quarter ended March 31, 2016 group profit before tax of
227.5 million naira versus 50.7 million naira year ago
Read more
227.5 million naira versus 50.7 million naira year ago
Read more
Fitch: Brexit Has No Direct APAC Sovereigns, Bank Ratings Impact
(The following statement was released by the rating agency)
HONG KONG/SINGAPORE, June 30 (Fitch) The UK's vote to leave the
European Union -
"Brexit" - has no immediate direct ratings impact on
Asia-Pacific (APAC)
sovereigns or banks, says Fitch Ratings.
The spike in political uncertainty in the UK - and resulting
effects on investor
risk appetite - could pose the greatest challenges for Asia in
the short term.
If protracted uncertainty has a sustained effect on investor and
consumer
confid
Read more
HONG KONG/SINGAPORE, June 30 (Fitch) The UK's vote to leave the
European Union -
"Brexit" - has no immediate direct ratings impact on
Asia-Pacific (APAC)
sovereigns or banks, says Fitch Ratings.
The spike in political uncertainty in the UK - and resulting
effects on investor
risk appetite - could pose the greatest challenges for Asia in
the short term.
If protracted uncertainty has a sustained effect on investor and
consumer
confid
Read more
Fitch: Overcapacity Weighs on China Bank Operating Environment
(The following statement was released by the rating agency)
HONG KONG/SINGAPORE, June 29 (Fitch) High levels of indebtedness
in industrial
sectors facing overcapacity will remain a key risk for those
sectors and weighs
negatively on the operating environment for Chinese banks, says
Fitch Ratings.
Restructuring in highly leveraged sectors, such as steel, is
still in the early
stages, and more clarity around authorities' support for
counterparties and
which entities will receive priority cons
Read more
HONG KONG/SINGAPORE, June 29 (Fitch) High levels of indebtedness
in industrial
sectors facing overcapacity will remain a key risk for those
sectors and weighs
negatively on the operating environment for Chinese banks, says
Fitch Ratings.
Restructuring in highly leveraged sectors, such as steel, is
still in the early
stages, and more clarity around authorities' support for
counterparties and
which entities will receive priority cons
Read more
BRIEF-Logicom to sell real estate unit for 400 mln yen
* Says it will sell its owned 100 percent stake in a
Tokyo-based real estate unit, for 400 million yen, on June 30
Read more
Tokyo-based real estate unit, for 400 million yen, on June 30
Read more
UPDATE 1-Singapore's UOB suspends London property loans after Brexit
SINGAPORE, June 30 (Reuters) - United Overseas Bank
, Singapore's number 3 lender, has suspended its loans
programme for London properties in the wake of uncertainties
caused by Britain's vote to leave the European Union.
Read more
, Singapore's number 3 lender, has suspended its loans
programme for London properties in the wake of uncertainties
caused by Britain's vote to leave the European Union.
Read more
Singapore UOB says suspends London property loans programme
SINGAPORE, June 30 (Reuters) - United Overseas Bank
, Singapore's number 3 lender, has suspended its loans
programme for London properties in the wake of uncertainties
caused by Britain's vote to leave the European Union, a bank
spokeswoman said on Thursday.
Read more
, Singapore's number 3 lender, has suspended its loans
programme for London properties in the wake of uncertainties
caused by Britain's vote to leave the European Union, a bank
spokeswoman said on Thursday.
Read more
TABLE-Asia Pacific first-half M&A slides 18 pct to $553 bln
HONG KONG, June 30 (Reuters) - The value of announced M&A
deals for Asia-Pacific companies, excluding Japanese firms,
fell 17.7 percent to $553 billion in the first half of the
year, according to preliminary data released by Thomson
Reuters.
Completed deals in the same period totalled $316.7 billion,
down 28.3 percent.
Goldman Sachs was the top-ranked financial advisor while
Morgan Stanley came first in M&A fee rankings for completed
deals in the region.
The first half of the year a
Read more
deals for Asia-Pacific companies, excluding Japanese firms,
fell 17.7 percent to $553 billion in the first half of the
year, according to preliminary data released by Thomson
Reuters.
Completed deals in the same period totalled $316.7 billion,
down 28.3 percent.
Goldman Sachs was the top-ranked financial advisor while
Morgan Stanley came first in M&A fee rankings for completed
deals in the region.
The first half of the year a
Read more
UPDATE 1-U.S. judge dismisses SIFMA case over market data fees
NEW YORK, June 29 (Reuters) - A U.S. judge dismissed a
long-simmering legal battle over the cost of market data that is
used by brokerages and high-speed trading firms, in a victory
for the New York Stock Exchange and Nasdaq.
Read more
long-simmering legal battle over the cost of market data that is
used by brokerages and high-speed trading firms, in a victory
for the New York Stock Exchange and Nasdaq.
Read more
U.S. cattle auction halts activity in blow to producers, traders
CHICAGO, June 29 (Reuters) - Organizers of an online U.S.
cattle auction that ranchers and traders had hoped would help
restore transparency to livestock pricing nationwide said on
Wednesday they would suspend activity indefinitely after just
four sessions.
Read more
cattle auction that ranchers and traders had hoped would help
restore transparency to livestock pricing nationwide said on
Wednesday they would suspend activity indefinitely after just
four sessions.
Read more
New Zealand shares up 1 percent in early trading
WELLINGTON, June 30 (Reuters) - New Zealand's S&P/NZX 50
Index rose 1.01 percent, or 68.590 points, to 6,872.800 in
morning trading on Thursday.
Read more
Index rose 1.01 percent, or 68.590 points, to 6,872.800 in
morning trading on Thursday.
Read more
S.Korea May industrial output rebounds from April, better than expected
SEOUL, June 30 (Reuters) - South Korea's industrial output
rose by a seasonally adjusted 2.5 percent in May from April,
data showed on Thursday, rebounding from a revised 1.2 percent
fall the previous month when it was dragged down by
semiconductors and car production.
Read more
rose by a seasonally adjusted 2.5 percent in May from April,
data showed on Thursday, rebounding from a revised 1.2 percent
fall the previous month when it was dragged down by
semiconductors and car production.
Read more
BRIEF-BBVA Compass Bancshares announces Federal Reserve response to 2016 CCAR capital plan
* Announces Federal Reserve response to 2016 CCAR capital
plan Federal Reserve does not object to capital plan
Read more
plan Federal Reserve does not object to capital plan
Read more
UPDATE 3-FCC says TV airwaves being sold for wireless use worth $86.4 bln
WASHINGTON, June 29 (Reuters) - The U.S. Federal
Communications Commission said on Wednesday the price of 126 MHz
of television airwaves taken from broadcasters to be sold for
wireless use in an ongoing auction is $86.4 billion.
Read more
Communications Commission said on Wednesday the price of 126 MHz
of television airwaves taken from broadcasters to be sold for
wireless use in an ongoing auction is $86.4 billion.
Read more
BRIEF-National General Holdings announces pricing of $175 mln in depositary shares
* Announces pricing of $175 million in depositary shares
representing interests in preferred stock
Read more
representing interests in preferred stock
Read more
Obama says global economy in the short run will hold steady
OTTAWA, June 29 (Reuters) - U.S. President Barack Obama said
on Wednesday that global markets have settled down a bit after
Britain's vote to leave the European Union last week and he
believes the world economy will be steady in the short term.
Read more
on Wednesday that global markets have settled down a bit after
Britain's vote to leave the European Union last week and he
believes the world economy will be steady in the short term.
Read more
Ex-NY Islanders co-owner gets prison term for fraud halved
NEW YORK, June 29 (Reuters) - A former money manager who once co-owned the New York Islanders professional hockey team was re-sentenced on Wednesday to five years in prison for his role in a $554 million fraud, after an appellate court overturned an earlier 10-year term.
Read more
Read more
Ethiopian Airlines says looking at A350-1000 and Boeing 777X
TOULOUSE, France, June 29 (Reuters) - Ethiopian Airlines is
weighing whether to expand its fleet with the 366-seat Airbus
A350-1000 or the latest version of the 777 long-haul jet built
by its traditional supplier Boeing, widely known as the 777X,
its chief executive said.
Read more
weighing whether to expand its fleet with the 366-seat Airbus
A350-1000 or the latest version of the 777 long-haul jet built
by its traditional supplier Boeing, widely known as the 777X,
its chief executive said.
Read more
WRAPUP 1-EU tells UK single market access requires full free movement
LONDON/BRUSSELS, June 29 (Reuters) - European Union leaders
met for the first time without Britain on Wednesday less than a
week after it voted to leave, delivering a tough message that
London can access the bloc's lucrative single market only if it
agrees to allow free movement for EU workers.
Read more
met for the first time without Britain on Wednesday less than a
week after it voted to leave, delivering a tough message that
London can access the bloc's lucrative single market only if it
agrees to allow free movement for EU workers.
Read more
UPDATE 1-Wirecard buys Citi Prepaid Card Services to enter USA
BERLIN, June 29 (Reuters) - German banking software company
Wirecard AG has taken its first step to enter the
North American market by agreeing to buy Citi Prepaid Card
Services for undisclosed terms, the two companies said on
Wednesday.
Read more
Wirecard AG has taken its first step to enter the
North American market by agreeing to buy Citi Prepaid Card
Services for undisclosed terms, the two companies said on
Wednesday.
Read more
MEDIA-Co-founder eyeing sale of stake in payments firm Klarna - SvD
STOCKHOLM, June 29 (Reuters) - ** Daily Svenska Dagbladet
(SvD) says Klarna co-founder Niklas Adalberth plans sale of his
13 pct stake in payments firm, citing unnamed sources
** SvD says Adalberth, who declines to comment to the paper,
offering shares to investors at total price 2.6 bln SEK, valuing
all of Klarna at 20 bln SEK ($2.4 bln)
Read more
(SvD) says Klarna co-founder Niklas Adalberth plans sale of his
13 pct stake in payments firm, citing unnamed sources
** SvD says Adalberth, who declines to comment to the paper,
offering shares to investors at total price 2.6 bln SEK, valuing
all of Klarna at 20 bln SEK ($2.4 bln)
Read more
Don't look to ECB to fix a severe Brexit fallout: Constancio
SINTRA, Portugal, June 29 (Reuters) - The European Central
Bank's ability to respond to a major economic downturn resulting
from Britain's departure from the European Union is limited, so
other authorities would have to step in if it happens, the ECB
Vice President said on Wednesday.
Read more
Bank's ability to respond to a major economic downturn resulting
from Britain's departure from the European Union is limited, so
other authorities would have to step in if it happens, the ECB
Vice President said on Wednesday.
Read more
UPDATE 1-Daimler's pension fund gets 1.8 bln euro Renault Nissan stake
* Daimler had been concerned over French intervention at
Renault
(Adds background on Renault Nissan ownership changes)
Read more
Renault
(Adds background on Renault Nissan ownership changes)
Read more
UPDATE 1-U.S. lifts "too big to fail" designation of GE's financing unit
June 29 (Reuters) - Lender GE Capital is no longer "too big
to fail" - the U.S. government on Wednesday removed its
"systemically important" designation, a label born of the
financial crisis given to institutions with the potential to
wreck the economy in the event of distress.
Read more
to fail" - the U.S. government on Wednesday removed its
"systemically important" designation, a label born of the
financial crisis given to institutions with the potential to
wreck the economy in the event of distress.
Read more
IPIC's 1MDB row likely driver for Mubadala merger
LONDON, June 29 (IFR) - The potential merger of Abu Dhabi
state funds Mubadala and IPIC is likely to be driven by the
latter's spat with Malaysia's 1MDB, according to bankers.
Read more
state funds Mubadala and IPIC is likely to be driven by the
latter's spat with Malaysia's 1MDB, according to bankers.
Read more
BRIEF-Instant IPO Holding: acquisition of Instant IPO SE concluded
* Instant IPO Holding AG says acquisition of Instant IPO SE
concluded
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
concluded
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-GE Capital cancels status as "systemically important"
* GE Capital receives approval for rescission of status as
systemically important financial institution
Read more
systemically important financial institution
Read more
Russia says China repays $624.3 mln of 1992 loan
MOSCOW, June 29 (Reuters) - The Russian finance ministry
said on Wednesday that China had repaid $624.3 million of a 1992
loan.
Read more
said on Wednesday that China had repaid $624.3 million of a 1992
loan.
Read more
Brazil's Ser Educacional sweetens merger bid with Estácio
BRASILIA, June 29 (Reuters) - Brazilian college operator Ser
Educacional SA sweetened its proposal to combine with
larger rival Estacio Participacoes SA by raising its
dividend payout offer, according to a securities filing on
Wednesday.
Read more
Educacional SA sweetened its proposal to combine with
larger rival Estacio Participacoes SA by raising its
dividend payout offer, according to a securities filing on
Wednesday.
Read more
BRIEF-Aircastle Ltd says announces new $400 mln term financing
* Aircastle Ltd says facility includes an accordion feature
allowing for $67.5 million in additional future
Read more
allowing for $67.5 million in additional future
Read more
BRIEF-Ipopema Securities to pay FY 2015 div. of 0.11 zloty/shr
* Its shareholder meeting resolves to pay FY 2015 dividend
of 0.11 zloty per share or 3.5 million zlotys ($877,600) in
total
Source text for Eikon:
Further company coverage:
($1 = 3.9883 zlotys)
(Gdynia Newsroom)
Read more
of 0.11 zloty per share or 3.5 million zlotys ($877,600) in
total
Source text for Eikon:
Further company coverage:
($1 = 3.9883 zlotys)
(Gdynia Newsroom)
Read more
BRIEF-Walker & Dunlop originates $672 mln student housing portfolio
* Walker & Dunlop originates $672 million student housing
portfolio
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
portfolio
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
MIDEAST MONEY-Statistics fog raises risk as cheap oil hits Gulf
DUBAI, June 29 (Reuters) - A sharp revision of economic data
in Saudi Arabia suggests its economy may be weaker than
previously thought, underlining the risks which investors in the
Gulf face as they try to estimate the damage caused to the
region by low oil prices.
Read more
in Saudi Arabia suggests its economy may be weaker than
previously thought, underlining the risks which investors in the
Gulf face as they try to estimate the damage caused to the
region by low oil prices.
Read more
UK car industry: demand not hit by Brexit vote yet, forecast unchanged
LONDON, June 29 (Reuters) - UK car dealerships saw the same
number of customers over the weekend as before Britons voted for
Brexit last week, Britain's car industry association said on
Wednesday, noting that it would not change its forecast for
record sales this year.
Read more
number of customers over the weekend as before Britons voted for
Brexit last week, Britain's car industry association said on
Wednesday, noting that it would not change its forecast for
record sales this year.
Read more
Charges dropped against former Deutsche Bank executives- source
FRANKFURT, June 29 (Reuters) - Deutsche Bank's
former co-chief executive and former chief financial officer
have been cleared of charges of conspiring to evade taxes in the
trading of carbon emission certificates, a source familiar with
the matter told Reuters.
Read more
former co-chief executive and former chief financial officer
have been cleared of charges of conspiring to evade taxes in the
trading of carbon emission certificates, a source familiar with
the matter told Reuters.
Read more
Hong Kong regulator censures Bank of America units for takeover code breaches
HONG KONG, June 29 (Reuters) - Hong Kong's securities
regulator has publicly censured two units of Bank of America
for breaches of the city's takeover codes in relation to
two transactions last year.
Read more
regulator has publicly censured two units of Bank of America
for breaches of the city's takeover codes in relation to
two transactions last year.
Read more
BRIEF-RingNet to raise 713 mln won via private placement
June 29 (Reuters) - RingNet Co., Ltd:
* Says it will raise 713 million won via private placement
Source text in Korean: http://me2.do/FC1EbdIk
Further company Coverage:
(Beijing Headline News)
Read more
BRIEF-Regulator halts review of Fujian Dongbai's private placement application
* Says securities regulator halts review of its share
private placement application as its finance consultant is under
investigation by authority
Read more
private placement application as its finance consultant is under
investigation by authority
Read more
BRIEF-M-Fitec says in assets acquisition talks
* Has entered into negotiations for acquisition of viable
assets, which if successfully concluded, may have a material
effect on price of company's securities
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
assets, which if successfully concluded, may have a material
effect on price of company's securities
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
Tuesday, June 28, 2016
TABLE-Sia Reit -6 MTH forecast
Jun 29 (Reuters)
Sia Reit, Inc.
EARNINGS ESTIMATES
(in billions of yen unless specified)
6 months to 6 months to
Feb 28, 2017 Feb 28, 2017
LATEST PRIOR
FORECAST FORECAST
Revenues 2.94 2.88
Net 812 mln 773 mln
Div 10,820 yen 10,300 yen
To see Co
Read more
Sia Reit, Inc.
EARNINGS ESTIMATES
(in billions of yen unless specified)
6 months to 6 months to
Feb 28, 2017 Feb 28, 2017
LATEST PRIOR
FORECAST FORECAST
Revenues 2.94 2.88
Net 812 mln 773 mln
Div 10,820 yen 10,300 yen
To see Co
Read more
Australia, NZ stocks finish up as hopes of stimulus soothe Brexit fears
MELBOURNE, June 29 (Reuters) - Australian shares climbed 0.8
percent on Wednesday as global markets regained some semblance
of stability following the Brexit rout, with NZ stocks also
taking comfort from the calmer sentiment to add 1.3 percent.
Read more
percent on Wednesday as global markets regained some semblance
of stability following the Brexit rout, with NZ stocks also
taking comfort from the calmer sentiment to add 1.3 percent.
Read more
BRIEF-GAM Holding announces acquisition of Cantab Capital Partners
* Announces acquisition of Cantab Capital Partners and
launches GAM systematic investment platform
Read more
launches GAM systematic investment platform
Read more
Morning News Call - India, June 29
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06292016.pdf
FACTORS TO WATCH
10:00 am: Federal cabinet likely to meet in New Delhi. Agenda not given.
1:00 pm: Farm Minister Radha Mohan Singh to speak at an event in New Delhi.
GMF:EMEA LIVECHAT - EQUITY MARKETS with Reuters correspondent Alistair Smout
Join Reuters equity correspondent Alistair Smout at 1830 IST for a round up of
the themes driving equi
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06292016.pdf
FACTORS TO WATCH
10:00 am: Federal cabinet likely to meet in New Delhi. Agenda not given.
1:00 pm: Farm Minister Radha Mohan Singh to speak at an event in New Delhi.
GMF:EMEA LIVECHAT - EQUITY MARKETS with Reuters correspondent Alistair Smout
Join Reuters equity correspondent Alistair Smout at 1830 IST for a round up of
the themes driving equi
Read more
Taiwan stocks rise ahead of cbank rate review
TAIPEI, June 29 (Reuters) - Taiwan stocks rose on Wednesday,
lifted by gains in regional markets and ahead of an expected
easing by the island's central bank when it meets on Thursday to
review benchmark rates.
Read more
lifted by gains in regional markets and ahead of an expected
easing by the island's central bank when it meets on Thursday to
review benchmark rates.
Read more
YOUR MONEY-College costs dip slightly, but still cause anxiety
NEW YORK, June 28 (Reuters) - There is some good news for
American parents terrified about the rising costs of college
outstripping inflation and their investments: the average amount
families spent on college actually went down last year.
Read more
American parents terrified about the rising costs of college
outstripping inflation and their investments: the average amount
families spent on college actually went down last year.
Read more
WRAPUP 8-EU leaders tell Britain to exit swiftly, markets steadier
LONDON/BRUSSELS, June 28 (Reuters) - European leaders told
Britain on Tuesday to act quickly to resolve the political and
economic confusion unleashed by its vote to leave the European
Union last week, after the IMF said the uncertainty could put
pressure on global economic growth.
Read more
Britain on Tuesday to act quickly to resolve the political and
economic confusion unleashed by its vote to leave the European
Union last week, after the IMF said the uncertainty could put
pressure on global economic growth.
Read more
UPDATE 1-CJ Group says submitted letter of intent to buy McDonald's S.Korean unit
SEOUL, June 29 (Reuters) - South Korea's CJ Group, a
food-to-entertainment conglomerate, said on Wednesday it has
submitted a letter of intent to buy McDonald's Corp's
South Korean unit, adding that details have not been decided.
Read more
food-to-entertainment conglomerate, said on Wednesday it has
submitted a letter of intent to buy McDonald's Corp's
South Korean unit, adding that details have not been decided.
Read more
BRIEF-First Midwest Bancorp to acquire Standard Bancshares for about $365 mln
* Merger agreement provides for fixed exchange ratio of
0.4350 shares of First Midwest common stock for each share of
standard common stock
Read more
0.4350 shares of First Midwest common stock for each share of
standard common stock
Read more
WRAPUP 8-EU leaders tell Britain to exit swiftly, markets steadier
LONDON/BRUSSELS, June 28 (Reuters) - European leaders told
Britain on Tuesday to act quickly to resolve the political and
economic confusion unleashed by its vote to leave the European
Union last week, after the IMF said the uncertainty could put
pressure on global economic growth.
Read more
Britain on Tuesday to act quickly to resolve the political and
economic confusion unleashed by its vote to leave the European
Union last week, after the IMF said the uncertainty could put
pressure on global economic growth.
Read more
UPDATE 1-US mixes signals on possible separate EU, UK trade talks
WASHINGTON, June 28 (Reuters) - U.S. Secretary of State John
Kerry held out the possibility on Tuesday of negotiating
separate trade deals with Britain and the European Union at the
same time, but a spokesman later said he did not mean to suggest
such a plan.
Read more
Kerry held out the possibility on Tuesday of negotiating
separate trade deals with Britain and the European Union at the
same time, but a spokesman later said he did not mean to suggest
such a plan.
Read more
EU Commission will do everything to prevent bank run - EU's Juncker
BRUSSELS, June 29 (Reuters) - The banking sector in Italy
and elsewhere in Europe will be protected and the European
Commission will do everything to prevent a bank run, EU
Commission President Jean-Claude Juncker said after a meeting of
European leaders in Brussels.
Read more
and elsewhere in Europe will be protected and the European
Commission will do everything to prevent a bank run, EU
Commission President Jean-Claude Juncker said after a meeting of
European leaders in Brussels.
Read more
Talend files for U.S. IPO for up to $86.25 mln
June 28 - Talend SA filed with U.S. regulators on Tuesday to
raise up to $86.25 million in an initial public offering of
common stock.
Read more
raise up to $86.25 million in an initial public offering of
common stock.
Read more
NZ central bank says economy expanding, but faces risks
WELLINGTON, June 29 (Reuters) - The Reserve Bank of New
Zealand (RBNZ) released its statement of intent for 2016 to 2019
on Wednesday in which it reiterated that the New Zealand economy
was expanding, but that uncertainties remained and further
easing could be required.
Read more
Zealand (RBNZ) released its statement of intent for 2016 to 2019
on Wednesday in which it reiterated that the New Zealand economy
was expanding, but that uncertainties remained and further
easing could be required.
Read more
BRIEF-Hudson Executive Capital dissolves stake in Heartware International as of June 27
* Hudson Executive Capital LP dissolves stake in Heartware
International as of June 27 - SEC filing
Read more
International as of June 27 - SEC filing
Read more
REFILE-UPDATE 1-Draghi sees Brexit vote hitting euro zone growth by up to 0.5 pct over 3 years - official
BERLIN, June 28 (Reuters) - European Central Bank President
Mario Draghi told EU leaders on Tuesday the euro zone's
cumulative growth may be between 0.3 and 0.5 less over the next
three years than previously estimated because of the impact of
Brexit, an EU official said.
Read more
Mario Draghi told EU leaders on Tuesday the euro zone's
cumulative growth may be between 0.3 and 0.5 less over the next
three years than previously estimated because of the impact of
Brexit, an EU official said.
Read more
BRIEF-Moab Capital Partners posts 5.2 pct stake in Armstrong Flooring as of June 27 - SEC Filing
* Moab Capital Partners LLC reports 5.2 percent stake in
Armstrong Flooring Inc as of June 27 - SEC Filing
Source text for Eikon: (http://1.usa.gov/28YFW9D)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Armstrong Flooring Inc as of June 27 - SEC Filing
Source text for Eikon: (http://1.usa.gov/28YFW9D)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
U.S. SEC proposes rule on transition plans for investment advisers
WASHINGTON, June 28 (Reuters) - The top U.S. securities
regulator on Tuesday proposed a rule intended to ensure that
investors are not harmed when asset managers fall on hard times
or close up shop.
Read more
regulator on Tuesday proposed a rule intended to ensure that
investors are not harmed when asset managers fall on hard times
or close up shop.
Read more
Italy state lender to back Arvedi, Del Vecchio bid for Ilva steel plant - source
ROME, June 28 (Reuters) - Italian state lender Cassa
Depositi e Prestiti will join Italian steelmaker Arvedi and
businessman Leonardo Del Vecchio in bidding for the troubled
Ilva steel plant, a person familiar with the matter said on
Tuesday.
Read more
Depositi e Prestiti will join Italian steelmaker Arvedi and
businessman Leonardo Del Vecchio in bidding for the troubled
Ilva steel plant, a person familiar with the matter said on
Tuesday.
Read more
Italy PM Renzi wins confidence vote on bank loan recovery decree
ROME, June 28 (Reuters) - Italian Prime Minister Matteo
Renzi won a confidence vote on Tuesday over a decree to speed up
the recovery of unpaid debt, clearing the main parliamentary
hurdle for the legislation aimed at helping the country's
stricken financial system.
Read more
Renzi won a confidence vote on Tuesday over a decree to speed up
the recovery of unpaid debt, clearing the main parliamentary
hurdle for the legislation aimed at helping the country's
stricken financial system.
Read more
UPDATE 2-Chinese economic cyber-espionage is diminishing, says U.S. official
WASHINGTON, June 28 (Reuters) - U.S. Assistant Attorney
General John Carlin said on Tuesday that Chinese hacking
activity appears to have declined since the Chinese government
vowed last September to stop supporting the hacking of U.S.
trade secrets.
Read more
General John Carlin said on Tuesday that Chinese hacking
activity appears to have declined since the Chinese government
vowed last September to stop supporting the hacking of U.S.
trade secrets.
Read more
Fitch: Brexit Will Be Costly, Disruptive for US Global Banks
(The following statement was released by the rating agency)
NEW YORK, June 28 (Fitch) The UK's decision to leave the
European Union will be
disruptive for US global banks with significant operations in
the UK and will
weigh on their profitability in the short to medium term, Fitch
Ratings says.
However, the impact is likely to be moderate as we believe they
will be able to
operate through other EU legal entities.
US global banks are likely to start strategically implementing
parts of their
Read more
NEW YORK, June 28 (Fitch) The UK's decision to leave the
European Union will be
disruptive for US global banks with significant operations in
the UK and will
weigh on their profitability in the short to medium term, Fitch
Ratings says.
However, the impact is likely to be moderate as we believe they
will be able to
operate through other EU legal entities.
US global banks are likely to start strategically implementing
parts of their
Read more
Egyptian pound stable at official auction and on black market
CAIRO, June 28 (Reuters) - Egypt's central bank kept the
pound steady against the dollar at its regular dollar auction on
Tuesday and the currency was stable on the black market.
Read more
pound steady against the dollar at its regular dollar auction on
Tuesday and the currency was stable on the black market.
Read more
French PM says it's time to "lance the boil" after Brexit
PARIS, June 28 (Reuters) - Europe needs to "lance the boil"
after Britain decided to leave the European Union and reinvent
itself, France's Prime Minister Manuel Valls said on Tuesday,
warning that timid steps would only leave the door open to
populist, eurosceptic parties.
Read more
after Britain decided to leave the European Union and reinvent
itself, France's Prime Minister Manuel Valls said on Tuesday,
warning that timid steps would only leave the door open to
populist, eurosceptic parties.
Read more
BRIEF-Welsh Carson Anderson & Stowe X LP dissolves stake in Universal American
* Welsh Carson Anderson & Stowe X Lp Dissolves Stake In
Universal American Corp As Of June 27 - Sec filing
Read more
Universal American Corp As Of June 27 - Sec filing
Read more
BRIEF-Modern Meadow says it raised about $40 mln in financing - SEC filing
* Modern Meadow Inc files to say it raised about $40 mln in
financing that included equity, warrants and other securities -
SEC filing
Source: (http://1.usa.gov/298lqcI
)
(Bengaluru Newsroom: +1 646 223 8780)
Read more
financing that included equity, warrants and other securities -
SEC filing
Source: (http://1.usa.gov/298lqcI
)
(Bengaluru Newsroom: +1 646 223 8780)
Read more
UPDATE 1-Prudential unit M&G eyes Dublin expansion after Brexit vote
* Spokeswoman says firm has made no final decision
(Adds detail around scope of planning, existing operations in
Dublin)
Read more
(Adds detail around scope of planning, existing operations in
Dublin)
Read more
WRAPUP 3-Europe presses Britain for swift exit to limit global fallout
LONDON/BRUSSELS, June 28 (Reuters) - European leaders told
Britain on Tuesday to act quickly to resolve the political and
economic chaos unleashed by its vote to leave the European
Union, a move the IMF said could put pressure on global growth.
Read more
Britain on Tuesday to act quickly to resolve the political and
economic chaos unleashed by its vote to leave the European
Union, a move the IMF said could put pressure on global growth.
Read more
BRIEF-Deutsche Boerse says FY profit forecast remains valid
* Chairman and members of management board of Deutsche
Boerse confirm that Deutsche Boerse profit forecast remains
valid
Source text for Eikon:
Further company coverage:
Read more
Boerse confirm that Deutsche Boerse profit forecast remains
valid
Source text for Eikon:
Further company coverage:
Read more
Brazil cenbank sees 2017 CPI above target, no plans for rate cut
BRASILIA, June 28 (Reuters) - Brazil's central bank expects
inflation to ease next year but still remain sligthly above the
official target, warning it is too early to consider cutting
interest rates just yet.
Read more
inflation to ease next year but still remain sligthly above the
official target, warning it is too early to consider cutting
interest rates just yet.
Read more
REFILE-UPDATE 1-Lending Club names CEO, plans to cut 179 roles
June 28 (Reuters) - Online lender Lending Club Corp
appointed Scott Sanborn its new chief executive, and said it
would cut 179 positions as loan originations decline.
Read more
appointed Scott Sanborn its new chief executive, and said it
would cut 179 positions as loan originations decline.
Read more
Singapore's sovereign fund in talks to buy Yes Communities - WSJ
June 28 (Reuters) - Singapore's sovereign-wealth fund GIC is
in talks to buy Denver-based Yes Communities, an owner of
manufactured-housing communities, in a $2 billion deal, the Wall
Street Journal reported, citing people familiar with the matter.
Read more
in talks to buy Denver-based Yes Communities, an owner of
manufactured-housing communities, in a $2 billion deal, the Wall
Street Journal reported, citing people familiar with the matter.
Read more
UK lenders show record demand for central bank funds - BoE
LONDON, June 28 (Reuters) - British lenders submitted a
record volume of bids for Bank of England funds at an auction
for six-month finance on Tuesday, the first held by the central
bank since the country voted to leave the European Union last
week.
Read more
record volume of bids for Bank of England funds at an auction
for six-month finance on Tuesday, the first held by the central
bank since the country voted to leave the European Union last
week.
Read more
UPDATE 1-Empty houses and jobless maids: Indonesia's expat exodus gathers pace
JAKARTA, June 28 (Reuters) - Foreign workers are leaving
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Japan's MUFG faces impairment loss on Hitachi Capital after Brexit vote
TOKYO, June 28 (Reuters) - Mitsubishi UFJ Financial Group
Inc (MUFG) faces the possibility of a $500 million
impairment loss on Hitachi Capital Corp shares, whose
value has plunged since Britons voted to leave the European
Union on Friday.
Read more
Inc (MUFG) faces the possibility of a $500 million
impairment loss on Hitachi Capital Corp shares, whose
value has plunged since Britons voted to leave the European
Union on Friday.
Read more
Indian shares rise as monsoon progress brings in hope
June 28 (Reuters) - Indian shares rose on Tuesday as the
good progress of monsoon rains lifted consumer goods makers such
as Hindustan Unilever that depend on the rural economy,
though trading volumes were thin due to continued concerns about
the Brexit fallout.
Read more
good progress of monsoon rains lifted consumer goods makers such
as Hindustan Unilever that depend on the rural economy,
though trading volumes were thin due to continued concerns about
the Brexit fallout.
Read more
Hong Kong stocks fall for 3th day on Brexit fallout fears
June 28 (Reuters) - Hong Kong shares fell for the third
session in a row on Tuesday as investors worried about the
global financial and economic fallout from Britain's vote to
leave the European Union.
Read more
session in a row on Tuesday as investors worried about the
global financial and economic fallout from Britain's vote to
leave the European Union.
Read more
European shares up for first time in three days after Brexit battering
LONDON, June 28 (Reuters) - European shares rose for the
first time in three days on Tuesday after a heavy sell-off
following Britain's shock vote to leave the European Union, on
hopes of a more co-ordinated central bank response to financial
market losses, and on firmer oil prices.
Read more
first time in three days on Tuesday after a heavy sell-off
following Britain's shock vote to leave the European Union, on
hopes of a more co-ordinated central bank response to financial
market losses, and on firmer oil prices.
Read more
European shares rise for first time in three days after Brexit rout
LONDON, June 28 (Reuters) - European shares rose for the
first time in three days on Tuesday, attempting a recovery from
the heavy sell-off in the previous two sessions after Britain's
shock vote to leave the European Union.
Read more
first time in three days on Tuesday, attempting a recovery from
the heavy sell-off in the previous two sessions after Britain's
shock vote to leave the European Union.
Read more
BRIEF-SOFTMAX raises 1 bln won via private placement
June 28 (Reuters) - SOFTMAX CO., LTD:
* Says it raised 1 billion won via private placement
Source text in Korean: http://me2.do/GBVSNWCU
Further company Coverage:
(Beijing Headline News)
Read more
Monday, June 27, 2016
Australia shares down as Brexit jitters dim mood
SYDNEY, June 28 (Reuters) - Australian shares continued
their slide on Tuesday as Britain's shock vote to leave the
European Union continued to cause turmoil in global markets.
Read more
their slide on Tuesday as Britain's shock vote to leave the
European Union continued to cause turmoil in global markets.
Read more
China, Hong Kong shares under pressure as Brexit reverberates across markets
SHANGHAI, June 28 (Reuters) - Stocks in China and Hong Kong
fell on Tuesday as investors braced for the global financial and
economic fallout from Britain's vote to leave the European
Union.
Read more
fell on Tuesday as investors braced for the global financial and
economic fallout from Britain's vote to leave the European
Union.
Read more
Deputy Shanghai mayor appointed GM of China Investment Corp - newspaper
BEIJING, June 28 (Reuters) - The deputy mayor of Shanghai
has been named general manager of China Investment Corp
, the world's largest sovereign wealth fund, the
official Liberation Daily reported on Tuesday citing an
unidentified source.
Read more
has been named general manager of China Investment Corp
, the world's largest sovereign wealth fund, the
official Liberation Daily reported on Tuesday citing an
unidentified source.
Read more
UPDATE 2-S.Korea proposes $8.4 bln extra budget shield against Brexit, domestic risks
* President calls for fast action regarding extra budget
(Replaces govt official's comments with president's remarks)
Read more
(Replaces govt official's comments with president's remarks)
Read more
UPDATE 1-Takata CEO says he'll step down once "new regime" is in place
TOKYO, June 28 (Reuters) - Takata Corp CEO
Shigehisa Takada said on Tuesday he would resign after a "new
regime" is found for the auto parts supplier, finally bowing to
calls to step down over a long-running recall crisis.
Read more
Shigehisa Takada said on Tuesday he would resign after a "new
regime" is found for the auto parts supplier, finally bowing to
calls to step down over a long-running recall crisis.
Read more
Shenzhen bourse queries Vanke shareholders' stance on Shenzhen Metro deal
HONG KONG, June 28 (Reuters) - The Shenzhen Stock Exchange
said it is seeking clarification from China Vanke's
two largest shareholders as to whether they are acting
in concert to block the company's $6.9 billion deal with
Shenzhen Metro.
Read more
said it is seeking clarification from China Vanke's
two largest shareholders as to whether they are acting
in concert to block the company's $6.9 billion deal with
Shenzhen Metro.
Read more
Fitch: Thai Large Banks' Franchise Supportive of Ratings During Economic Downturn
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Thailand Large Commercial Banks
Peer Review
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=883956
BANGKOK, June 27 (Fitch) Thailand's four large commercial banks
will be able to
sustain their franchise strengths, despite the country's muted
economic
expansion, leading to above-average financial performances
underpinning their
credit ratings, says Fitch Ratings in its latest Thai
Read more
Link to Fitch Ratings' Report: Thailand Large Commercial Banks
Peer Review
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=883956
BANGKOK, June 27 (Fitch) Thailand's four large commercial banks
will be able to
sustain their franchise strengths, despite the country's muted
economic
expansion, leading to above-average financial performances
underpinning their
credit ratings, says Fitch Ratings in its latest Thai
Read more
RPT-Empty houses and jobless maids: Indonesia's expat exodus gathers pace
JAKARTA, June 28 (Reuters) - Foreign workers are leaving
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
EMERGING MARKETS-Latam stocks, currencies down for 2nd day as Brexit woes linger
SAO PAULO, June 27 (Reuters) - Latin American equities and
currencies fell on Monday for the second consecutive trading day
as lingering concerns over Britain's decision to leave the
European Union weighed on financial stocks.
Read more
currencies fell on Monday for the second consecutive trading day
as lingering concerns over Britain's decision to leave the
European Union weighed on financial stocks.
Read more
Airbnb sues San Francisco over registration policy
SAN FRANCISCO, June 27 (Reuters) - Airbnb sued the city of
San Francisco on Monday, arguing that a recent ordinance which
requires hosts to register with the city violates the online
home-sharing company's free speech rights.
Read more
San Francisco on Monday, arguing that a recent ordinance which
requires hosts to register with the city violates the online
home-sharing company's free speech rights.
Read more
Empty houses and jobless maids: Indonesia's expat exodus gathers pace
JAKARTA, June 28 (Reuters) - Foreign workers are leaving
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
China's CITIC Bank tries to seize real estate assets in Canada
VANCOUVER, June 27 (Reuters) - China CITIC Bank Corp Ltd
has launched a Canadian lawsuit to try to seize the
assets of a Chinese citizen the bank claims took out a
multi-million dollar loan in China then fled to Canada, the
lender's Vancouver-based lawyer said on Monday.
Read more
has launched a Canadian lawsuit to try to seize the
assets of a Chinese citizen the bank claims took out a
multi-million dollar loan in China then fled to Canada, the
lender's Vancouver-based lawyer said on Monday.
Read more
UPDATE 1-Mayne Pharma nears deal for Teva assets -source
June 27 (Reuters) - Australia's Mayne Pharma Group Ltd
on Tuesday said it will acquire U.S. generic products
from Teva Pharmaceuticals for $652 million, helping it
propel into the top 2 in the general oral contraceptives market
in the United States.
Read more
on Tuesday said it will acquire U.S. generic products
from Teva Pharmaceuticals for $652 million, helping it
propel into the top 2 in the general oral contraceptives market
in the United States.
Read more
UPDATE 3-Volkswagen's U.S. diesel emissions settlement to cost $15 bln -source
WASHINGTON, June 27 (Reuters) - Volkswagen AG's
settlement with nearly 500,000 U.S. diesel owners and government
regulators over polluting vehicles is valued at more than $15
billion cash, two sources briefed on the matter said on Monday.
Read more
settlement with nearly 500,000 U.S. diesel owners and government
regulators over polluting vehicles is valued at more than $15
billion cash, two sources briefed on the matter said on Monday.
Read more
Australian shares set to slip on Brexit fallout, NZ flat
SYDNEY, June 28 (Reuters) - Australian shares look set to
lose ground on Tuesday following global stock market losses
overnight amid continued fallout from the UK's Brexit vote last
week.
The local share price index futures fell 1.3
percent, a 136.2-point discount to the underlying S&P/ASX 200
index close. The benchmark edged up 0.47 percent on
Monday, to 5,137.2 at the close of trade, following a 3 percent
drop on Friday.
New Zealand's benchmark S&P/NZX 50 index rose 0.19
percent to 6,6
Read more
lose ground on Tuesday following global stock market losses
overnight amid continued fallout from the UK's Brexit vote last
week.
The local share price index futures fell 1.3
percent, a 136.2-point discount to the underlying S&P/ASX 200
index close. The benchmark edged up 0.47 percent on
Monday, to 5,137.2 at the close of trade, following a 3 percent
drop on Friday.
New Zealand's benchmark S&P/NZX 50 index rose 0.19
percent to 6,6
Read more
UPDATE 1-Egypt to issue $3 bln Eurobond in Sept-Oct, implement VAT by Sept
CAIRO, June 27 (Reuters) - Egypt's finance minister said on
Monday the country would look to issue a $3 billion Eurobond
between September and October, and would implement a
long-delayed value-added tax (VAT) by September.
Read more
Monday the country would look to issue a $3 billion Eurobond
between September and October, and would implement a
long-delayed value-added tax (VAT) by September.
Read more
TABLE-Foreign trading in South Korean stocks
SEOUL, June 27 (Reuters) - Daily net trading in shares on
South Korea's main stock exchange by three major
categories of investors as of 0722 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
June 27 -237.2 406.7 -210.8
^June 24 -149.8 55.3 34.9
June 23 29.1 189.1 -264.7
June 22 30.0
Read more
South Korea's main stock exchange by three major
categories of investors as of 0722 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
June 27 -237.2 406.7 -210.8
^June 24 -149.8 55.3 34.9
June 23 29.1 189.1 -264.7
June 22 30.0
Read more
MIDEAST STOCKS-Gulf bounces back as investors buy on dips
DUBAI, June 27 (Reuters) - Major stock markets in the Gulf
rebounded in early trade on Monday, recovering from the
immediate aftermath of Britain's vote to leave the European
Union, as local retail investors and some institutions scooped
up shares on dips.
Read more
rebounded in early trade on Monday, recovering from the
immediate aftermath of Britain's vote to leave the European
Union, as local retail investors and some institutions scooped
up shares on dips.
Read more
Sunday, June 26, 2016
BRIEF-Aviva says Brexit will have no operational impact, capital position robust
* Aviva plc notes recent market volatility following outcome
of uk referendum on eu membership.
Read more
of uk referendum on eu membership.
Read more
S.Korea bourse says to raise margins for some derivative products
SEOUL, June 27 (Reuters) - South Korea's stock exchange said
on Monday it would raise margin requirements for some derivative
products including U.S. dollar forwards and options starting on
July 4.
Read more
on Monday it would raise margin requirements for some derivative
products including U.S. dollar forwards and options starting on
July 4.
Read more
India's relaxation of foreign investment rules credit positive - Moody's
MUMBAI, June 27 (Reuters) - India's decision to relax
foreign direct investment in sectors including defence,
aviation, and retail is a positive development for the country's
sovereign ratings, said Moody's Investors Service on Monday.
Read more
foreign direct investment in sectors including defence,
aviation, and retail is a positive development for the country's
sovereign ratings, said Moody's Investors Service on Monday.
Read more
SE Asia Stocks-Struggle to ward off Brexit aftershock
By Krishna V Kurup
June 27 (Reuters) - Most Southeast Asian stocks opened lower
on Monday, in line with broader Asian peers, as markets
struggled to contain the fallout of Britain's decision last week
to leave the European Union.
Among many questions the British exit has triggered are just
how much the UK and European economies will slow, how they will
negotiate their new relationship and how European leaders will
try to boost the crumbling European Union.
Britain is likely to enter
Read more
June 27 (Reuters) - Most Southeast Asian stocks opened lower
on Monday, in line with broader Asian peers, as markets
struggled to contain the fallout of Britain's decision last week
to leave the European Union.
Among many questions the British exit has triggered are just
how much the UK and European economies will slow, how they will
negotiate their new relationship and how European leaders will
try to boost the crumbling European Union.
Britain is likely to enter
Read more
Morning News Call - India, June 27
To access the newsletter, click on the link:
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GMF EMEA:FX WEEK AHEAD with Reuters FX analyst Jeremy Boulton
JJoin Reuters FX analyst Jeremy Boulton at 1530 IST for a look at the week's top
topics and implications for the FX market. To join the conversation, click on
the link: https://forms.thomsonreuters.com/communities/
INDIA TOP NEWS
Jaitley, Rajan say country will withstand Brexit vote
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06272016.pdf
GMF EMEA:FX WEEK AHEAD with Reuters FX analyst Jeremy Boulton
JJoin Reuters FX analyst Jeremy Boulton at 1530 IST for a look at the week's top
topics and implications for the FX market. To join the conversation, click on
the link: https://forms.thomsonreuters.com/communities/
INDIA TOP NEWS
Jaitley, Rajan say country will withstand Brexit vote
Read more
UPDATE 1-Anbang plans to convert most of Waldorf Astoria to apartments -WSJ
NEW YORK, June 26 (Reuters) - China's Anbang Insurance Group
Co plans to convert as much as three-quarters of the
rooms at New York's landmark Waldorf Astoria hotel into
apartments, the Wall Street Journal reported on Sunday, citing
people familiar with the matter.
Read more
Co plans to convert as much as three-quarters of the
rooms at New York's landmark Waldorf Astoria hotel into
apartments, the Wall Street Journal reported on Sunday, citing
people familiar with the matter.
Read more
UPDATE 1-Singapore Airlines flight returns to Changi, catches fire, no casualties
SINGAPORE, June 27 (Reuters) - A Singapore Airlines Ltd
(SIA) flight to Milan caught fire early on Monday
after returning to Singapore's Changi airport following an
engine oil warning message, but all passengers were safe, the
airline and airport officials said.
Read more
(SIA) flight to Milan caught fire early on Monday
after returning to Singapore's Changi airport following an
engine oil warning message, but all passengers were safe, the
airline and airport officials said.
Read more
RPT-Line, the biggest tech IPO of the year, struggles to show its growth plan can work
TOKYO, June 26 (Reuters) - In delaying its IPO by two years,
Japanese messaging app company Line Corp bought time to
correct weak financial reporting controls, work on its business
plan, bolster staffing - and left billions of dollars on the
table as its valuation shrivelled.
Read more
Japanese messaging app company Line Corp bought time to
correct weak financial reporting controls, work on its business
plan, bolster staffing - and left billions of dollars on the
table as its valuation shrivelled.
Read more
Anbang plans to convert most of Waldorf Astoria to apartments -WSJ
NEW YORK, June 26 (Reuters) - China's Anbang Insurance Group
Co plans to convert as much as three-quarters of the rooms at
the landmark Waldorf Astoria hotel into apartments, the Wall
Street Journal reported on Sunday, citing people familiar with
the matter.
Read more
Co plans to convert as much as three-quarters of the rooms at
the landmark Waldorf Astoria hotel into apartments, the Wall
Street Journal reported on Sunday, citing people familiar with
the matter.
Read more
UPDATE 1-IMF's Lagarde: markets got 'Brexit' vote wrong, but did not panic
June 26 (Reuters) - Financial markets "vastly
underestimated" the outcome of Britain's vote to leave the
European Union but did not panic on Friday, International
Monetary Fund Managing Director Christine Lagarde said on
Sunday.
Read more
underestimated" the outcome of Britain's vote to leave the
European Union but did not panic on Friday, International
Monetary Fund Managing Director Christine Lagarde said on
Sunday.
Read more
UPDATE 1-U.S. national security adviser sees few immediate Brexit concerns
June 26 (Reuters) - U.S. National Security Adviser Susan
Rice said on Sunday that there are "relatively few" immediate
security concerns stemming from Britain's vote to leave the
European Union, but the United States will work to ensure
continued U.S.-UK cooperation on counter-terrorism and other
security issues.
Read more
Rice said on Sunday that there are "relatively few" immediate
security concerns stemming from Britain's vote to leave the
European Union, but the United States will work to ensure
continued U.S.-UK cooperation on counter-terrorism and other
security issues.
Read more
U.S. national security adviser sees few immediate Brexit concerns
WASHINGTON, June 26 (Reuters) - U.S. National Security
Adviser Susan Rice said on Sunday that there are "relatively
few" immediate security concerns stemming from Britain's vote to
leave the European Union, but the United States will work to
ensure continued U.S.-UK cooperation on counter-terrorism and
other security issues.
Read more
Adviser Susan Rice said on Sunday that there are "relatively
few" immediate security concerns stemming from Britain's vote to
leave the European Union, but the United States will work to
ensure continued U.S.-UK cooperation on counter-terrorism and
other security issues.
Read more
Australia's Asciano resolves dispute gnawing at $6.8 bln buyout
SYDNEY, June 27 (Reuters) - Australian freight giant Asciano
Ltd on Monday said it has resolved a legal dispute with
a trucking subsidiary that had threatened to delay a A$9.1
billion ($6.8 billion) buyout led by Canada's Brookfield Asset
Management Inc.
Read more
Ltd on Monday said it has resolved a legal dispute with
a trucking subsidiary that had threatened to delay a A$9.1
billion ($6.8 billion) buyout led by Canada's Brookfield Asset
Management Inc.
Read more
IMF's Lagarde: markets got 'Brexit' vote wrong, but did not panic
WASHINGTON, June 26 (Reuters) - Financial markets "vastly
underestimated" the outcome of Britain's vote to leave the
European Union but did not panic on Friday, International
Monetary Fund Managing Director Christine Lagarde said on
Sunday.
Read more
underestimated" the outcome of Britain's vote to leave the
European Union but did not panic on Friday, International
Monetary Fund Managing Director Christine Lagarde said on
Sunday.
Read more
UPDATE 2-Firefighters start to get deadly California blaze under control
SOUTH LAKE, Calif., June 26 (Reuters) - Firefighters have
begun to contain a wildfire in central California that has
killed at least two people and destroyed 200 structures, fire
officials said on Sunday, as six other blazes burned in the
state in an already intense wildfire season.
Read more
begun to contain a wildfire in central California that has
killed at least two people and destroyed 200 structures, fire
officials said on Sunday, as six other blazes burned in the
state in an already intense wildfire season.
Read more
Support for Spain's mainstream parties rises in election - preliminary data
MADRID, June 26 (Reuters) - Support for Spain's two
traditionally dominant conservative and socialist parties rose
in Sunday's general election, preliminary data with more than 50
percent of the votes counted showed, contradicting several exit
polls.
Read more
traditionally dominant conservative and socialist parties rose
in Sunday's general election, preliminary data with more than 50
percent of the votes counted showed, contradicting several exit
polls.
Read more
Spain's conservatives win most seats in election, far left rises
MADRID, June 26 (Reuters) - The conservative People's Party
(PP) of acting Prime Minister Mariano Rajoy won most seats in
Spain's parliamentary election on Sunday, an exit poll showed,
although the result was largely overshadowed by the surge of the
far left.
Read more
(PP) of acting Prime Minister Mariano Rajoy won most seats in
Spain's parliamentary election on Sunday, an exit poll showed,
although the result was largely overshadowed by the surge of the
far left.
Read more
Box Office: 'Finding Dory' Drowns Out Disappointing 'Independence Day: Resurgence'
LOS ANGELES, June 26 (Variety.com) - "Finding Dory" showed
plenty of box office staying power with $73.2 million in an
otherwise modest weekend at the North America box office as
"Independence Day: Resurgence" invaded with a disappointing
$41.6 million.
Read more
plenty of box office staying power with $73.2 million in an
otherwise modest weekend at the North America box office as
"Independence Day: Resurgence" invaded with a disappointing
$41.6 million.
Read more
Firefighters begin to get deadly California blaze under control
June 26 (Reuters) - Firefighters have begun to contain a
wildfire in central California, which has killed at least two
people and destroyed 150 homes, state fire officials said on
Sunday, as six other blazes rage in the state in an already
intense wildfire season.
Read more
wildfire in central California, which has killed at least two
people and destroyed 150 homes, state fire officials said on
Sunday, as six other blazes rage in the state in an already
intense wildfire season.
Read more
Egypt central bank will not appeal decision to suspend CEO term limit decree
CAIRO, June 26 (Reuters) - Egypt's central bank governor
Tarek Amer said that the central bank would not appeal a court
decision made on Sunday that suspends a central bank decree
limiting the terms of bank chief executives to nine years.
Read more
Tarek Amer said that the central bank would not appeal a court
decision made on Sunday that suspends a central bank decree
limiting the terms of bank chief executives to nine years.
Read more
UPDATE 1-Egyptian court suspends implementation of central bank decree to limit CEO terms
CAIRO, June 26 (Reuters) - An Egyptian court suspended on
Sunday the implementation of a central bank decree to limit the
terms of bank chief executives to nine years, according to the
lawyer who appealed the decision.
Read more
Sunday the implementation of a central bank decree to limit the
terms of bank chief executives to nine years, according to the
lawyer who appealed the decision.
Read more
MIDEAST STOCKS-Gulf sinks on Brexit but comes off lows; Egypt hardest hit
DUBAI, June 26 (Reuters) - Middle East stocks fell sharply
on Sunday because of Britain's vote to leave the European Union
but Gulf bourses came well off their lows. Egypt was hardest hit
because of concern that fund inflows into the country could
shrink further.
Read more
on Sunday because of Britain's vote to leave the European Union
but Gulf bourses came well off their lows. Egypt was hardest hit
because of concern that fund inflows into the country could
shrink further.
Read more
Saudi bank ANB proposes 0.45 riyals/share dividend for H1 2016
DUBAI, June 26 (Reuters) - Arab National Bank,
Saudi Arabia's seventh-largest lender by assets, has proposed
paying a cash dividend of 0.45 riyals ($0.12) per share for the
first half of 2016, it said in a bourse statement on Sunday.
Read more
Saudi Arabia's seventh-largest lender by assets, has proposed
paying a cash dividend of 0.45 riyals ($0.12) per share for the
first half of 2016, it said in a bourse statement on Sunday.
Read more
Deutsche Bank CEO says London financial centre will weaken but won't die
BERLIN, June 26 (Reuters) - The chief executive of Deutsche
Bank says London will not die as a financial centre
but it will become weaker after Britain voted to leave the
European Union.
Read more
Bank says London will not die as a financial centre
but it will become weaker after Britain voted to leave the
European Union.
Read more
UPDATE 1-China's Alipay could take stake in Germany's Wirecard - report
BERLIN, June 26 (Reuters) - Wirecard AG is
negotiating with representatives of Alipay, a unit of Chinese
e-commerce giant Alibaba, about it taking a stake of up
to 25 percent in the German banking software company, a
newspaper reported on Sunday.
Read more
negotiating with representatives of Alipay, a unit of Chinese
e-commerce giant Alibaba, about it taking a stake of up
to 25 percent in the German banking software company, a
newspaper reported on Sunday.
Read more
Dubai Islamic Bank says 3.2 bln dirham rights issue oversubscribed
DUBAI, June 26 (Reuters) - Dubai Islamic Bank has
completed its 3.2 billion dirhams ($871.3 million) rights issue
aimed at bolstering its capital, with the issue roughly three
times oversubscribed, it said on Sunday.
Read more
completed its 3.2 billion dirhams ($871.3 million) rights issue
aimed at bolstering its capital, with the issue roughly three
times oversubscribed, it said on Sunday.
Read more
"Risky trinity" requires urgent global policy action, BIS says
LONDON, June 26(Reuters) - Global economic policy urgently
needs rebalancing, the Bank for International Settlements (BIS)
said on Sunday, as the world faces a "risky trinity" of high
debt, low productivity growth and dwindling firepower at the
world's big central banks.
Read more
needs rebalancing, the Bank for International Settlements (BIS)
said on Sunday, as the world faces a "risky trinity" of high
debt, low productivity growth and dwindling firepower at the
world's big central banks.
Read more
RPT-Law firms see short-term opportunity, long-term peril in Brexit
NEW YORK, June 24 (Reuters) - As the reality of Britain's
vote to exit the European Union sank in on Friday,
international law firms began sending out emails, warning actual
and potential clients of issues that could arise due to
"Brexit." Some set up 24-hour hotlines to field queries.
Read more
vote to exit the European Union sank in on Friday,
international law firms began sending out emails, warning actual
and potential clients of issues that could arise due to
"Brexit." Some set up 24-hour hotlines to field queries.
Read more
BRIEF-Chailease Holding unit to sign credit line agreement of 4 bln yuan
* Says its subsidiary Chailease International Finance
Corporation to sign an agreement for syndicated credit line of 4
billion yuan, with a term of three years
Read more
Corporation to sign an agreement for syndicated credit line of 4
billion yuan, with a term of three years
Read more
MIDEAST STOCKS-Saudi falls sharply on Brexit, Arabian Pipes stays strong
DUBAI, June 26 (Reuters) - Saudi Arabia's stock market fell
sharply at the opening on Sunday in response to Britain's
decision to leave the European Union, but blue chips held up
relatively well and the biggest losses were in smaller
speculative stocks favoured by local retail investors.
Read more
sharply at the opening on Sunday in response to Britain's
decision to leave the European Union, but blue chips held up
relatively well and the biggest losses were in smaller
speculative stocks favoured by local retail investors.
Read more
Saudi Arabia picks arrangers for multi-billion dollar bond -sources
DUBAI, June 26 (Reuters) - Saudi Arabia has chosen Citigroup
, HSBC and JP Morgan to arrange its highly
anticipated sovereign bond issue, two sources with knowledge of
the matter said on Sunday.
Read more
, HSBC and JP Morgan to arrange its highly
anticipated sovereign bond issue, two sources with knowledge of
the matter said on Sunday.
Read more
Israel's Harel in talks with Noble to buy stake in Tamar gas field
JERUSALEM, June 26 (Reuters) - Israeli insurer Harel
said on Sunday it is in talks to buy up to 4 percent
in the Tamar natural gas field from Texas-based Noble Energy
.
Read more
said on Sunday it is in talks to buy up to 4 percent
in the Tamar natural gas field from Texas-based Noble Energy
.
Read more
UPDATE 1-Israel's Harel in talks with Noble to buy stake in Tamar gas field
JERUSALEM, June 26 (Reuters) - Israel's Harel Insurance
Investments and Financial Services said on Sunday it
is in talks to buy up to 4 percent in the Tamar natural gas
field from Texas-based Noble Energy.
Read more
Investments and Financial Services said on Sunday it
is in talks to buy up to 4 percent in the Tamar natural gas
field from Texas-based Noble Energy.
Read more
Icelanders seek clean slate as historian set to win presidential vote
REYKJAVIK, June 26 (Reuters) - Early counts indicated
Icelanders on Saturday elected historian Gudni Johannesson as
their first new president in 20 years amid distrust in
politicians and business leaders following the 2008 global
financial crisis and the Panama papers scandal.
Read more
Icelanders on Saturday elected historian Gudni Johannesson as
their first new president in 20 years amid distrust in
politicians and business leaders following the 2008 global
financial crisis and the Panama papers scandal.
Read more
MIDEAST STOCKS-Gulf stocks fall sharply in early trade, blue chips outperform
DUBAI, June 26 (Reuters) - Gulf stock markets fell sharply
in early trade on Sunday in response to the global market
turmoil caused by Britain's decision to leave the European
Union.
Read more
in early trade on Sunday in response to the global market
turmoil caused by Britain's decision to leave the European
Union.
Read more
Saturday, June 25, 2016
MIDEAST STOCKS-Region to take hit from Brexit, FX doesn't show panic
DUBAI, June 26 (Reuters) - Middle East stock markets look
set to fall sharply on Sunday in response to global market
turmoil after Britain's decision to leave the European Union,
but Gulf foreign exchange forwards and credit default swap
prices suggest a panic may be avoided.
Read more
set to fall sharply on Sunday in response to global market
turmoil after Britain's decision to leave the European Union,
but Gulf foreign exchange forwards and credit default swap
prices suggest a panic may be avoided.
Read more
China touts new bank's greater understanding of developing world
BEIJING, June 26 (Reuters) - The China-led Asian
Infrastructure Investment Bank (AIIB) will be different from
institutions like the World Bank because it has a greater
understanding of the developing world's needs, officials said on
Sunday at its first annual meeting.
Read more
Infrastructure Investment Bank (AIIB) will be different from
institutions like the World Bank because it has a greater
understanding of the developing world's needs, officials said on
Sunday at its first annual meeting.
Read more
Hong Kong finance chief says govt will watch impact from Brexit
HONG KONG, June 26 (Reuters) - Hong Kong's finance chief
said on Sunday the government will closely watch the impact of
Britain's vote to leave the European Union on the city, which is
set to affect the global economy and the territory's trade and
financial markets.
Read more
said on Sunday the government will closely watch the impact of
Britain's vote to leave the European Union on the city, which is
set to affect the global economy and the territory's trade and
financial markets.
Read more
After deadly China tornado, rescuers clean up hazardous chemicals
BEIJING, June 26 (Reuters) - Rescue workers have been trying
to safely dispose of hazardous chemicals after a deadly tornado
hit eastern China on Thursday, killing at least 98 people and
injuring more than 800 others, Chinese state media reported late
on Saturday.
Read more
to safely dispose of hazardous chemicals after a deadly tornado
hit eastern China on Thursday, killing at least 98 people and
injuring more than 800 others, Chinese state media reported late
on Saturday.
Read more
Line, the biggest tech IPO of the year, struggles to show its growth plan can work
TOKYO, June 26 (Reuters) - In delaying its IPO by two years,
Japanese messaging app company Line Corp bought time to
correct weak financial reporting controls, work on its business
plan, bolster staffing - and left billions of dollars on the
table as its valuation shrivelled.
Read more
Japanese messaging app company Line Corp bought time to
correct weak financial reporting controls, work on its business
plan, bolster staffing - and left billions of dollars on the
table as its valuation shrivelled.
Read more
UPDATE 1-Deadly California wildfire has destroyed 150 homes, more threatened
LOS ANGELES, June 25 (Reuters) - A massive wildfire burning
out of control in the foothills of central California has left
at least 150 homes in ruins and damaged another 75, officials
said on Saturday, warning that more residents may be forced to
flee the advancing flames.
Read more
out of control in the foothills of central California has left
at least 150 homes in ruins and damaged another 75, officials
said on Saturday, warning that more residents may be forced to
flee the advancing flames.
Read more
Central banks ready to cooperate after Brexit result
ZURICH, June 25 (Reuters) - Central banks are ready to
cooperate to support financial stability in the wake of
Britain's vote to leave the European Union, the Bank for
International Settlements said on Saturday.
Read more
cooperate to support financial stability in the wake of
Britain's vote to leave the European Union, the Bank for
International Settlements said on Saturday.
Read more
SolarCity recuses two more board members from voting on Tesla offer
June 25 (Reuters) - Two additional SolarCity Corp
board members with ties to Elon Musk are recusing themselves
from making decisions regarding Tesla Motors Inc's
offer to buy the solar power company, in a bid to alleviate
corporate governance concerns surrounding a potential deal.
Read more
board members with ties to Elon Musk are recusing themselves
from making decisions regarding Tesla Motors Inc's
offer to buy the solar power company, in a bid to alleviate
corporate governance concerns surrounding a potential deal.
Read more
Trump plays down post-Brexit market turmoil on Aberdeen visit
ABERDEEN, Scotland, June 25 (Reuters) - U.S. presidential
candidate Donald Trump played down market turmoil in the wake of
Britain's decision to leave the European Union on a visit to his
Trump International golf course in Aberdeen on Saturday.
Read more
candidate Donald Trump played down market turmoil in the wake of
Britain's decision to leave the European Union on a visit to his
Trump International golf course in Aberdeen on Saturday.
Read more
UPDATE 2-Russia secures energy deals, talks security with China as Putin visits
BEIJING, June 25 (Reuters) - Russia and China sealed a raft
of energy deals during President Vladimir Putin's visit to
Beijing on Saturday, strengthening economic ties while pledging
to preserve the strategic balance of power among nations.
Read more
of energy deals during President Vladimir Putin's visit to
Beijing on Saturday, strengthening economic ties while pledging
to preserve the strategic balance of power among nations.
Read more
RPT-'Investing for good' gains appeal amid rocky tech startup market
SAN FRANCISCO, June 24 (Reuters) - As valuations flounder
for Silicon Valley startups once worth billions of dollars,
investor interest is on the rise in startups with both financial
and social benefits, such as healthcare software for poor
communities or low cost solar panels for homes.
Read more
for Silicon Valley startups once worth billions of dollars,
investor interest is on the rise in startups with both financial
and social benefits, such as healthcare software for poor
communities or low cost solar panels for homes.
Read more
Juncker hands EU finance portfolio to Dombrovskis
BRUSSELS, June 25 (Reuters) - European Commission Vice
President Valdis Dombrovskis will take over the EU's financial
services portfolio, Commission President Jean-Claude Juncker
said in a statement on Saturday following the resignation of
Britain's Jonathan Hill.
Read more
President Valdis Dombrovskis will take over the EU's financial
services portfolio, Commission President Jean-Claude Juncker
said in a statement on Saturday following the resignation of
Britain's Jonathan Hill.
Read more
BRIEF-Rosneft, Beijing Enterprises agree Verkhnechonsk deal terms
* Rosneft and Beijing Enterprises Group Company Limited
sign agreement on key terms of cooperation.
Read more
sign agreement on key terms of cooperation.
Read more
UPDATE 2-China-backed AIIB seeks cooperation and new members
* AIIB must comply with multilateral agency rules -Alexander
(Adds quotes on governance standards, details on operations)
Read more
(Adds quotes on governance standards, details on operations)
Read more
UPDATE 1-Italy economy minister says Brexit likely to hit growth, public finances
MILAN, June 25 (Reuters) - Italy's Economy Minister Pier
Carlo Padoan said on Saturday that Britain's vote to leave the
European Union could lead to the Italian economy growing less
than initially forecast, with a negative impact on public
finances.
Read more
Carlo Padoan said on Saturday that Britain's vote to leave the
European Union could lead to the Italian economy growing less
than initially forecast, with a negative impact on public
finances.
Read more
Britain's EU commissioner, finance chief Hill, says resigning
BRUSSELS, June 25 (Reuters) - Britain's representative on
the EU executive in Brussels, Financial Services Commissioner
Jonathan Hill, said on Saturday he was resigning following the
referendum vote for Brexit which he had campaigned against.
Read more
the EU executive in Brussels, Financial Services Commissioner
Jonathan Hill, said on Saturday he was resigning following the
referendum vote for Brexit which he had campaigned against.
Read more
Italy economy minister says Brexit likely to hit growth, public finances
MILAN, June 25 (Reuters) - Italy's Economy Minister Pier
Carlo Padoan said on Saturday that Britain's vote to leave the
European Union could lead to the Italian economy growing less
than initially forecast, with a negative impact on public
finances.
Read more
Carlo Padoan said on Saturday that Britain's vote to leave the
European Union could lead to the Italian economy growing less
than initially forecast, with a negative impact on public
finances.
Read more
ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing "EU passport"
PARIS, June 25 (Reuters) - Brexit talks must be carried out
quickly to limit uncertainties, ECB Governing Council member
Francois Villeroy de Galhau said on Saturday, adding the City of
London financial centre was at risk of losing its prized "EU
passport".
Read more
quickly to limit uncertainties, ECB Governing Council member
Francois Villeroy de Galhau said on Saturday, adding the City of
London financial centre was at risk of losing its prized "EU
passport".
Read more
UPDATE 1-ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing "EU passport"
PARIS, June 25 (Reuters) - Talks on Britain leaving the
European Union must be carried out quickly to limit uncertainty,
ECB Governing Council member Francois Villeroy de Galhau said on
Saturday, adding London's financial centre was at risk of losing
its prized "EU passport".
Read more
European Union must be carried out quickly to limit uncertainty,
ECB Governing Council member Francois Villeroy de Galhau said on
Saturday, adding London's financial centre was at risk of losing
its prized "EU passport".
Read more
Japan's Asakawa says markets trying to find new equilibrium
TOKYO, June 25 (Reuters) - Japan's top currency official,
Masatsugu Asakawa, said on Saturday there will be "various
moves" in financial markets in the wake of Brexit, trying to
find a new equilibrium.
Read more
Masatsugu Asakawa, said on Saturday there will be "various
moves" in financial markets in the wake of Brexit, trying to
find a new equilibrium.
Read more
Friday, June 24, 2016
Brexit baffled punters, pundits and fund managers to the very end
BOSTON, June 25 (Reuters) - Nearly everyone, from London
gamblers to U.S. money managers got it wrong. Britain's vote to
leave the European Union shocked pundits, investors and
politicians alike, underscoring the inherent difficulty of
forecasting such rare events.
Read more
gamblers to U.S. money managers got it wrong. Britain's vote to
leave the European Union shocked pundits, investors and
politicians alike, underscoring the inherent difficulty of
forecasting such rare events.
Read more
UPDATE 7-Two killed, 100 homes destroyed by fast-moving California wildfire
LAKE ISABELLA, Calif., June 24 (Reuters) - A massive
California wildfire that has already killed two people and
destroyed 100 structures was burning out of control on Friday
evening as officials said it was possible more victims could be
found in the rubble.
Read more
California wildfire that has already killed two people and
destroyed 100 structures was burning out of control on Friday
evening as officials said it was possible more victims could be
found in the rubble.
Read more
'Investing for good' gains appeal amid rocky tech startup market
SAN FRANCISCO, June 24 (Reuters) - As valuations flounder
for Silicon Valley startups once worth billions of dollars,
investor interest is on the rise in startups with both financial
and social benefits, such as healthcare software for poor
communities or low cost solar panels for homes.
Read more
for Silicon Valley startups once worth billions of dollars,
investor interest is on the rise in startups with both financial
and social benefits, such as healthcare software for poor
communities or low cost solar panels for homes.
Read more
Robo-adviser Betterment suspended trading during Brexit upheaval -WSJ
June 24 (Reuters) - Betterment LLC, an automated financial
adviser, suspended all trading on Friday morning as Britain's
vote to quit the European Union sent a shock wave through global
financial markets, The Wall Street Journal reported.
Read more
adviser, suspended all trading on Friday morning as Britain's
vote to quit the European Union sent a shock wave through global
financial markets, The Wall Street Journal reported.
Read more
Dick's Sporting Goods bids on 17 Sports Authority stores -source
NEW YORK, June 23 (Reuters) - Dick's Sporting Goods
submitted a bid for 17 Sports Authority stores, with other
retailers making offers for only single locations of the
bankrupt sporting goods retailer, according to a person familiar
with the matter.
Read more
submitted a bid for 17 Sports Authority stores, with other
retailers making offers for only single locations of the
bankrupt sporting goods retailer, according to a person familiar
with the matter.
Read more
BRIEF-Energy Transfer Equity announces Chancery Court decision in litigation with the Williams Companies
* Energy Transfer Equity announces Chancery Court decision in litigation with the Williams
Companies
Read more
Companies
Read more
Law firms see short-term opportunity, long-term peril in Brexit
New York, June 24 (Reuters) - As the reality of Britain's
vote to exit the European Union sank in on Friday,
international law firms began sending out emails, warning actual
and potential clients of issues that could arise due to
"Brexit." Some set up 24-hour hotlines to field queries.
Read more
vote to exit the European Union sank in on Friday,
international law firms began sending out emails, warning actual
and potential clients of issues that could arise due to
"Brexit." Some set up 24-hour hotlines to field queries.
Read more
UPDATE 3-Court says ETE can walk away from $20 bln Williams takeover
NEW YORK/WILMINGTON, Del., June 24 (Reuters) - Energy
Transfer Equity won a court ruling on Friday that would
allow the pipeline operator to walk away from its more than $20
billion takeover of rival Williams Cos Inc, a deal that
Energy Transfer agreed to in September but soured on in January.
Read more
Transfer Equity won a court ruling on Friday that would
allow the pipeline operator to walk away from its more than $20
billion takeover of rival Williams Cos Inc, a deal that
Energy Transfer agreed to in September but soured on in January.
Read more
UPDATE 1-U.S. states, Rockefellers clash with U.S. House panel on Exxon climate probes
HOUSTON, June 24 (Reuters) - With a number of U.S. states
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
Read more
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
Read more
Russell reconstitution adds to U.S. market's volume, volatility
NEW YORK, June 24 (Reuters) - FTSE Russell reconfigured its
indexes at the close in an annual event that triggered the
highest trading volume for any session in almost five years and
added to Friday's high volatility in the U.S. share market.
Read more
indexes at the close in an annual event that triggered the
highest trading volume for any session in almost five years and
added to Friday's high volatility in the U.S. share market.
Read more
Investindustrial, group of RCS investors raise bid for RCS MediaGroup
MILAN, June 24 (Reuters) - The battle for the control of
Italy's influential publisher RCS MediaGroup heated up
on Friday as private equity Investindustrial and a group of RCS
shareholders made an improved offer aimed at further challenging
rival bidder Cairo Communication.
Read more
Italy's influential publisher RCS MediaGroup heated up
on Friday as private equity Investindustrial and a group of RCS
shareholders made an improved offer aimed at further challenging
rival bidder Cairo Communication.
Read more
Fitch Affirms Unifin's IDRs at 'BB'; Outlook Stable
(The following statement was released by the rating agency)
MONTERREY, June 24 (Fitch) Fitch Ratings has affirmed the Long-
and Short-Term
Foreign and Local Currency Issuer Default Ratings (IDRs) of
Unifin Financiera,
S.A.B. de C.V. Sofom E.N.R. (Unifin) at 'BB'/'B'. The Long- and
Short-Term
National Scale ratings were also affirmed at 'A(mex)'/'F1(mex)'.
The Rating
Outlook on the Long-Term ratings is Stable.
KEY RATING DRIVERS
IDRs, National Scale and Senior Unsecured Debt ratings
Unifin's
Read more
MONTERREY, June 24 (Fitch) Fitch Ratings has affirmed the Long-
and Short-Term
Foreign and Local Currency Issuer Default Ratings (IDRs) of
Unifin Financiera,
S.A.B. de C.V. Sofom E.N.R. (Unifin) at 'BB'/'B'. The Long- and
Short-Term
National Scale ratings were also affirmed at 'A(mex)'/'F1(mex)'.
The Rating
Outlook on the Long-Term ratings is Stable.
KEY RATING DRIVERS
IDRs, National Scale and Senior Unsecured Debt ratings
Unifin's
Read more
Big U.S. cattle placements in May point to more meat in Q3
CHICAGO, June 24 (Reuters) - Cattle placed in U.S. feedlots
for fattening surged by 10 percent in May, the U.S. Department
of Agriculture said on Friday in data that suggested beef
supplies will be ample and prices potentially lower in the third
quarter of 2016.
Read more
for fattening surged by 10 percent in May, the U.S. Department
of Agriculture said on Friday in data that suggested beef
supplies will be ample and prices potentially lower in the third
quarter of 2016.
Read more
BRIEF-Veneto Banca says investors can exercise withdrawal right by June 28
* Italian market regulator approved on June 24 an updated
prospectus for the bank's cash call and initial public offering
Read more
prospectus for the bank's cash call and initial public offering
Read more
Express Scripts shares languish as Anthem dispute weighs
NEW YORK, June 24 (Reuters) - As a pharmacy benefits manager
geared toward holding down prescription costs, Express Scripts
would appear to be in a sweet spot with rising political and
public pressure on drug prices, but its stock has struggled this
year.
Read more
geared toward holding down prescription costs, Express Scripts
would appear to be in a sweet spot with rising political and
public pressure on drug prices, but its stock has struggled this
year.
Read more
BRIEF-Citizens Bancorp names Stephen Bianchi as CEO and president
* Citizens Community Bancorp Inc hires Stephen Bianchi as
its new president and chief executive officer
Read more
its new president and chief executive officer
Read more
BRIEF-Midwestone Financial says files for mixed shelf of up to $75 mln
* Says files for mixed shelf of up to $75 million - SEC
Filing
Source - http://1.usa.gov/28QPAgt
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
Filing
Source - http://1.usa.gov/28QPAgt
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
REFILE-UPDATE 2-Hezbollah to send more fighters to Syria's Aleppo
BEIRUT, June 24 (Reuters) - The leader of Lebanon's
Hezbollah movement said on Friday it will send more fighters to
Syria's Aleppo area, a battleground where it has suffered heavy
losses fighting alongside Syrian government forces against
insurgent groups.
Read more
Hezbollah movement said on Friday it will send more fighters to
Syria's Aleppo area, a battleground where it has suffered heavy
losses fighting alongside Syrian government forces against
insurgent groups.
Read more
UPDATE 2-Mexico cuts spending on Brexit, at ready on rates and peso
(Adds economist comment; updates peso, stock market quotes)
By Jean Luis Arce and Alexandra Alper
MEXICO CITY, June 24 (Reuters) - Mexico's government will
cut spending, and the central bank is ready to act on interest
rates in the wake of Britain's vote to exit the European Union,
senior officials said on Friday.
Finance Minister Luis Videgaray said the government would
reduce spending by 31.715 billion pesos ($1.68 billion) in 2016,
its second such cut this year, to reassure mar
Read more
Euro zone has the tools to deal with Brexit shock, French finance minister
PARIS, June 24 (Reuters) - The shock of Britain's vote to
quit the European Union has been "extremely limited" on the
first day after the news and the currency bloc has the tools to
react if it gets any worse, French Finance Minister Michel Sapin
said on Friday.
Read more
quit the European Union has been "extremely limited" on the
first day after the news and the currency bloc has the tools to
react if it gets any worse, French Finance Minister Michel Sapin
said on Friday.
Read more
Portugal banks prepared for Brexit, see more market volatility-assoc
LISBON, June 24 (Reuters) - Portuguese banks have prepared
contingencies for Britain's decision to leave the European Union
and will ensure normal services to clients, but market
volatility and price adjustments are likely to continue, the
country's banking association said.
Read more
contingencies for Britain's decision to leave the European Union
and will ensure normal services to clients, but market
volatility and price adjustments are likely to continue, the
country's banking association said.
Read more
BRIEF-CNB Financial announces receipt of regulatory approvals in connection with Lake National Bank deal
* CNB Financial Corporation announces receipt of final
regulatory approvals in connection with acquisition of Lake
National Bank
Read more
regulatory approvals in connection with acquisition of Lake
National Bank
Read more
Denmark's c.bank asks Basel Committee to reconsider 'one-size-fits-all' model
* Denmark's central bank on Friday said it would ask the
Basel Committee to reconsider a "one-size-fits-all" model and
take into consideration specifics of the Danish mortgage system.
Read more
Basel Committee to reconsider a "one-size-fits-all" model and
take into consideration specifics of the Danish mortgage system.
Read more
Italy's bailout fund to take over Veneto Banca after IPO flop
MILAN, June 24 (Reuters) - Italy's stock exchange said on
Friday a recently created bank bailout fund will take over
mid-tier lender Veneto Banca after its 1 billion euro initial
public offering flopped, as expected.
Read more
Friday a recently created bank bailout fund will take over
mid-tier lender Veneto Banca after its 1 billion euro initial
public offering flopped, as expected.
Read more
Swedish cbanker says sees no need for liquidity measures yet
STOCKHOLM, June 24 (Reuters) - Swedish central bank Deputy
Governor Per Jansson said on Friday he currently saw no need for
the central bank to intervene in the currency market with
liquidity-enhancing measures after Britain voted to leave the
European Union.
Read more
Governor Per Jansson said on Friday he currently saw no need for
the central bank to intervene in the currency market with
liquidity-enhancing measures after Britain voted to leave the
European Union.
Read more
CEE MARKETS 3-Currencies, stocks recoup some losses after initial Brexit shock
(Updates with markets recouping losses, mid-term outlook)
By Krisztina Than
BUDAPEST, June 24 (Reuters) - Central European currencies
and stocks recouped some of their earlier steep losses by Friday
afternoon as the initial shock from Britain's vote to leave the
EU wore off, but markets remained volatile on uncertainty over
the medium-term fallout.
Direct trade linkages with Britain account for 3-6 percent
of the foreign trade of central eastern European countries, with
the eur
Read more
Nigeria's cbank sells FX to boost liquidity for fifth straight day
LAGOS, June 24 (Reuters) - Nigeria's central bank sold
dollars on the interbank market for the fifth consecutive day to
ease dollar shortages after it floated the currency earlier this
week, traders said on Friday.
Read more
dollars on the interbank market for the fifth consecutive day to
ease dollar shortages after it floated the currency earlier this
week, traders said on Friday.
Read more
Russia's VTB says overseas business earned 7.9 bln rbls in 2015
MOSCOW, June 24 (Reuters) - Russia's second-largest bank VTB
made 7.9 billion roubles ($120.4 million) in net
profit in 2015 from its overseas business, Chief Executive
Andrei Kostin said on Friday.
Read more
made 7.9 billion roubles ($120.4 million) in net
profit in 2015 from its overseas business, Chief Executive
Andrei Kostin said on Friday.
Read more
BRIEF-NP Market Council fines RusHydro and OGK-2
* Decides to fine RusHydro and OGK-2 for
not fulfilling obligations under power supply agreements in June
Read more
not fulfilling obligations under power supply agreements in June
Read more
REFILE-To IPO or not to IPO: 2016 to remain tepid as investors stay away (June 22)
June 22 (Reuters) - Last fall, Jessica Mah, the founder and
chief executive of San Francisco-based inDinero, was deluged
with calls from investors wanting to know when the accounting
software maker would go public.
Read more
chief executive of San Francisco-based inDinero, was deluged
with calls from investors wanting to know when the accounting
software maker would go public.
Read more
Poland says all must be done to stop others from leaving EU
WARSAW, June 24 (Reuters) - Poland's President Andrzej Duda
said on Friday efforts should be made to prevent other countries
from leaving the European Union after Britain voted to leave the
bloc.
Read more
said on Friday efforts should be made to prevent other countries
from leaving the European Union after Britain voted to leave the
bloc.
Read more
BRIEF-Full Circle Capital Corp to merge with Great Elm Capital Corp
* Full circle capital corporation to merge
Source text for Eikon:
Further company coverage:
)
Read more
Source text for Eikon:
Further company coverage:
)
Read more
ECB ready to provide liquidity in case of market turmoil
FRANKFURT, June 24 (Reuters) - The European Central Bank is
ready to provide euro and foreign currency liquidity if
necessary, it said on Friday, after Britain voted to leave the
European Union, sending global financial markets into a
tailspin.
Read more
ready to provide euro and foreign currency liquidity if
necessary, it said on Friday, after Britain voted to leave the
European Union, sending global financial markets into a
tailspin.
Read more
BRIEF-Yantai Xinchao Industry completes selling of three units
* Says it completed selling of three wholly owned units for
9.24 million yuan, 46.0 million yuan and 65.4 million yuan
respectively
Read more
9.24 million yuan, 46.0 million yuan and 65.4 million yuan
respectively
Read more
Thursday, June 23, 2016
BRIEF-Swiss Re says impact of Brexit vote uncertain
* Says impact of the leave vote is uncertain as the next
steps of the UK government following the referendum are unclear
Read more
steps of the UK government following the referendum are unclear
Read more
BRIEF-PSG Group says co and Zeder agree on management internalisation
* Zeder and PSG agreed existing management agreement be
internalised by Zeder against issue of 207.7 mln new Zeder
shares to PSGCS
Read more
internalised by Zeder against issue of 207.7 mln new Zeder
shares to PSGCS
Read more
New Zealand shares fall 2 pct as UK on brink of leaving EU
WELLINGTON, June 24 (Reuters) - New Zealand's benchmark
S&P/NZX 50 index fell 2.01 percent on Friday, after the
BBC said Britain had voted to leave the European Union, based on
voter tallies on Thursday's referendum.
Read more
S&P/NZX 50 index fell 2.01 percent on Friday, after the
BBC said Britain had voted to leave the European Union, based on
voter tallies on Thursday's referendum.
Read more
UPDATE 1-Bankers take fright as UK vote count points to Brexit
* But banks fear losing right to serve EU customers
(Recasts to reflect votes to leave the EU ahead)
Read more
(Recasts to reflect votes to leave the EU ahead)
Read more
UPDATE 1-Petrobras says pension fund needs cash infusion of up to $4.8 bln
RIO DE JANEIRO, June 23 (Reuters) - Brazil's state-run oil
company Petrobras said on Thursday its employee pension fund
will require a cash infusion of up to 16.1 billion reais ($4.8
billion) to make up for unfunded liabilities, half of which
should come from the company and the rest from beneficiaries.
Read more
company Petrobras said on Thursday its employee pension fund
will require a cash infusion of up to 16.1 billion reais ($4.8
billion) to make up for unfunded liabilities, half of which
should come from the company and the rest from beneficiaries.
Read more
UPDATE 1-Fed's Kaplan more patient on rate hikes, watching UK vote
NEW YORK, June 23 (Reuters) - A top Federal Reserve
policymaker said on Thursday he is not advocating for interest
rate hikes at this point and instead wants to "show more
patience" waiting for the U.S. economy to show clearer signs of
improvement.
Read more
policymaker said on Thursday he is not advocating for interest
rate hikes at this point and instead wants to "show more
patience" waiting for the U.S. economy to show clearer signs of
improvement.
Read more
UPDATE 3-UK markets plunge, sterling eyes biggest ever fall, as EU vote in balance
LONDON, June 24 (Reuters) - British markets plunged on
Friday, with sterling on track for its biggest ever one-day fall
and UK stock futures pointing to a steep fall at the market
open, after EU vote counts indicated Britons could be on course
to leave the European Union.
Read more
Friday, with sterling on track for its biggest ever one-day fall
and UK stock futures pointing to a steep fall at the market
open, after EU vote counts indicated Britons could be on course
to leave the European Union.
Read more
UPDATE 2-U.S. banks flex capital muscle in annual stress test
June 23 (Reuters) - Big U.S. banks are proving themselves to
be stronger and sounder in an annual regulatory stress test,
even as the Federal Reserve changes doomsday scenarios to keep
them on their toes.
Read more
be stronger and sounder in an annual regulatory stress test,
even as the Federal Reserve changes doomsday scenarios to keep
them on their toes.
Read more
HK's finance chief says forex reserves sufficient to deal with UK vote
HONG KONG, June 24 (Reuters) - Hong Kong's finance chief
said on Friday the city has enough foreign exchange liquidity to
deal with a range of outcomes from the U.K referendum on whether
to leave the European Union.
Read more
said on Friday the city has enough foreign exchange liquidity to
deal with a range of outcomes from the U.K referendum on whether
to leave the European Union.
Read more
Sterling falls more than 6 cents to below $1.44 after Sunderland vote
LONDON, June 24 (Reuters) - Sterling plunged against major
currencies on Friday after the UK referendum vote count in the
north-eastern city of Sunderland showed a stronger-than-expected
vote in favour of taking Britain out of the European Union.
Read more
currencies on Friday after the UK referendum vote count in the
north-eastern city of Sunderland showed a stronger-than-expected
vote in favour of taking Britain out of the European Union.
Read more
BRIEF-Kayne Anderson MLP Investment announces distribution of $0.55 per share for Q2 2016
* Announces distribution of $0.55 per share for Q2 2016
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom)
Read more
UPDATE 1-Investors flee U.S. stock funds before Brexit vote -Lipper
(Recasts; adds data on mutual funds and ETFs, analyst quotes,
table, byline)
By Trevor Hunnicutt
NEW YORK, June 23 (Reuters) - U.S. fund investors pulled out
of riskier markets over the last week, data from Lipper showed
on Thursday, as they braced for a British vote on its European
Union membership even as stocks rallied.
Investors pulled $6.1 billion from U.S.-based stock funds
during the weekly period ended June 22, the data showed. That
was the most pulled from the funds since
Read more
Sterling reverses course, falls after narrow Remain win in Newcastle
LONDON, June 24 (Reuters) - Sterling slid sharply, falling
two cents against the dollar from a 2016 high above $1.50 after
the UK referendum vote count in the north-eastern city of
Newcastle showed only a marginal vote to keep Britain in the
European Union.
Read more
two cents against the dollar from a 2016 high above $1.50 after
the UK referendum vote count in the north-eastern city of
Newcastle showed only a marginal vote to keep Britain in the
European Union.
Read more
BRIEF-South State Bank expects to record an after-tax charge of about $2.9 mln in Q2
* In Q2 of 2016, South State Bank expects to record an
after-tax charge of approximately $2.9 million, or $0.12 per
share
Read more
after-tax charge of approximately $2.9 million, or $0.12 per
share
Read more
BRIEF-China Commercial Credit says Jinggen Ling to resign as CEO effective immediately
* Jinggen Ling notified co of his resignation from the
board, and as CEO and president of the company, effective
immediately
Source text: (http://1.usa.gov/28RmAFT)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
board, and as CEO and president of the company, effective
immediately
Source text: (http://1.usa.gov/28RmAFT)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
RPT-Sterling hits 2016 high after poll suggests UK to stay in the EU
LONDON, June 23 (Reuters) - Sterling surged against major
currencies on Thursday after a YouGov poll suggested Britons
have voted to keep the country in the European Union, a relief
for investors who had feared a Brexit would trigger uncertainty
and volatility across world markets.
Read more
currencies on Thursday after a YouGov poll suggested Britons
have voted to keep the country in the European Union, a relief
for investors who had feared a Brexit would trigger uncertainty
and volatility across world markets.
Read more
Behind those Amazon Prime boxes, a bull market in warehouses
NEW YORK, June 23 (Reuters) - With Amazon and other
e-commerce sites continuing to take market share from malls and
other physical retailers, U.S. mutual fund managers are upping
their bets on an overlooked part of the online shopping boom:
warehouses.
Read more
e-commerce sites continuing to take market share from malls and
other physical retailers, U.S. mutual fund managers are upping
their bets on an overlooked part of the online shopping boom:
warehouses.
Read more
BRIEF-Virgin galactic in early stages of raising up to $300 mln from its existing shareholders- Sky News
* Virgin Galactic is in the early stages of raising up to
$300m from its existing shareholders- Sky news
Read more
$300m from its existing shareholders- Sky news
Read more
Bank of America appoints ex-DirecTV CEO to board
June 23 (Reuters) - Bank of America Corp said it
appointed Michael White as a director to its board, effective
immediately.
Read more
appointed Michael White as a director to its board, effective
immediately.
Read more
California insurance commissioner urges DOJ to block Aetna-Humana deal
NEW YORK, June 23 (Reuters) - California Insurance
Commissioner Dave Jones weighed in on Thursday against health
insurer Aetna Inc.'s proposed $34 billion acquisition of
Humana Inc., urging national antitrust regulators to
block the deal.
Read more
Commissioner Dave Jones weighed in on Thursday against health
insurer Aetna Inc.'s proposed $34 billion acquisition of
Humana Inc., urging national antitrust regulators to
block the deal.
Read more
Bank of Italy urges quick search for new UniCredit CEO
ROME, June 23 (Reuters) - Italy's central bank chief urged
UniCredit on Thursday to find a new chief executive
quickly -- the latest top financial official to call for a swift
succession at the helm of the country's largest bank by assets.
Read more
UniCredit on Thursday to find a new chief executive
quickly -- the latest top financial official to call for a swift
succession at the helm of the country's largest bank by assets.
Read more
BRIEF-Warehouses Estates Belgium acquires 2 commercial buildings
* Acquires 2 commercial buildings in Jette and Ypres
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Kenya 91-day T-bill yield slips to 7.059 pct at auction
NAIROBI, June 23 (Reuters) - The yield on Kenya's 91-day
Treasury bill slipped to 7.059 percent at auction on Thursday
from 7.161 percent last week, the central bank said.
Read more
Treasury bill slipped to 7.059 percent at auction on Thursday
from 7.161 percent last week, the central bank said.
Read more
MIDEAST STOCKS-Gulf nudges up in thin trade; Egypt bounces
DUBAI, June 23 (Reuters) - Most stock markets in the Gulf
made small gains on Thursday, but trading volumes were thin
because of uncertainty over the result of Britain's vote on
whether to stay in the European Union.
Read more
made small gains on Thursday, but trading volumes were thin
because of uncertainty over the result of Britain's vote on
whether to stay in the European Union.
Read more
Defaults stopped worsening in June, Banco do Brasil CEO says
SAO PAULO, June 23 (Reuters) - Loan delinquencies stopped
worsening and credit demand began to show signs of recovery in
June, according to Paulo Rogerio Caffarelli, chief executive
officer of Banco do Brasil SA.
Read more
worsening and credit demand began to show signs of recovery in
June, according to Paulo Rogerio Caffarelli, chief executive
officer of Banco do Brasil SA.
Read more
Deals of the day- Mergers and acquisitions
June 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on
Thursday:
Read more
acquisitions and disposals were reported by 1400 GMT on
Thursday:
Read more
Tornado, hail storms kill at least 51 in east China - Xinhua
BEIJING, June 23 (Reuters) - A tornado and hail storms
killed at least 51 people on Thursday in the eastern Chinese
province of Jiangsu, state media said.
Read more
killed at least 51 people on Thursday in the eastern Chinese
province of Jiangsu, state media said.
Read more
Schroders multi-asset chief Marais leaves as unit broken up
LONDON, June 23 (Reuters) - The head of Schroders
multi-asset business, Nico Marais, has left as part of a
reorganistion that will see the unit split into two separate
investment teams, the London-listed global asset manager said.
Read more
multi-asset business, Nico Marais, has left as part of a
reorganistion that will see the unit split into two separate
investment teams, the London-listed global asset manager said.
Read more
REFILE-SPECIAL REPORT-Is Donald Trump struggling to find the green with his golf investments?
TURNBERRY, Scotland, June 23 (Reuters) - When Donald Trump
officially re-opens his Turnberry golf resort this week, he will
be unveiling his most prestigious golf project yet. The seaside
course has hosted The Open - Europe's only golf major - four
times and is regularly listed as one of the world's top courses.
It's also one of the biggest golf investments by the Republican
party's presumptive presidential nominee.
Read more
officially re-opens his Turnberry golf resort this week, he will
be unveiling his most prestigious golf project yet. The seaside
course has hosted The Open - Europe's only golf major - four
times and is regularly listed as one of the world's top courses.
It's also one of the biggest golf investments by the Republican
party's presumptive presidential nominee.
Read more
SE Asia Stocks-Cautious as Brexit vote begins; Vietnam, Thailand up
By Shashwat Pradhan
June 23 (Reuters) - Most Southeast Asian stocks edged higher
as cautious investors kept a keen eye out for Britons voting to
decide the future of their country in a referendum on Thursday,
even as bookmakers' odds shifted in favour of remaining in the
European Union.
The sterling gained more than 1 percent to a 2016 high
against the dollar in morning trade in London, with betting
exchange Betfair showing odds of around 15 percent for a vote to
leave, down from more
Read more
June 23 (Reuters) - Most Southeast Asian stocks edged higher
as cautious investors kept a keen eye out for Britons voting to
decide the future of their country in a referendum on Thursday,
even as bookmakers' odds shifted in favour of remaining in the
European Union.
The sterling gained more than 1 percent to a 2016 high
against the dollar in morning trade in London, with betting
exchange Betfair showing odds of around 15 percent for a vote to
leave, down from more
Read more
BRIEF-Gladstone Commercial files for offering of redeemable preferred stock up to $50 mln - sec filing
* Gladstone Commercial Corp files for offering of 7.00 pct
series d cumulative redeemable preferred stock up to $50.0 mln -
sec filing
Source text for Eikon: (http://1.usa.gov/28RM3BR)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
series d cumulative redeemable preferred stock up to $50.0 mln -
sec filing
Source text for Eikon: (http://1.usa.gov/28RM3BR)
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Germany embraces glitzy offices to shake up corporate culture
MUNICH/HERZOGENAURACH, Germany, June 23 (Reuters) - Major
German companies are investing in ambitious new buildings
designed to attract top staff and encourage innovation, seeking
to create a more dynamic corporate culture and keep pace with
U.S. rivals despite investor concerns about the cost.
Read more
German companies are investing in ambitious new buildings
designed to attract top staff and encourage innovation, seeking
to create a more dynamic corporate culture and keep pace with
U.S. rivals despite investor concerns about the cost.
Read more
BRIEF-Northeast Securities to pay 2015 div on June 29
June 23 (Reuters) - Northeast Securities Co Ltd
:
* Says it plans to pay 2015 div on June 29
Source text in Chinese: http://goo.gl/IXaQjl
Further company coverage:
(Beijing Headline News)
Read more
Novo Banco launches tender offer on eight bonds
LONDON, June 23 (IFR) - Novo Banco has launched a discounted
cash tender on eight bonds as it seeks to improve its capital
position and improve future interest expenses.
Read more
cash tender on eight bonds as it seeks to improve its capital
position and improve future interest expenses.
Read more
BRIEF-China Life Insurance fined by regulator for regulation violation
* Says it is fined by insurance regulator by 400,000 yuan
($60,770.88) for violating insurance regulations
Read more
($60,770.88) for violating insurance regulations
Read more
BRIEF-GE gets offer from Cerberus Capital for its consumer finance business in France
* Ge receives binding offer from cerberus capital management
for sale of consumer finance business in france
Read more
for sale of consumer finance business in france
Read more
Rich Swiss bank clients seek refuge from negative rates -study
ZURICH, June 23 (Reuters) - Wealthy bank clients in
Switzerland are diverting more of their cash to investments such
as hedge funds and private equity to counter negative interest
rates, a report by French consultant Capgemini said on
Thursday.
Read more
Switzerland are diverting more of their cash to investments such
as hedge funds and private equity to counter negative interest
rates, a report by French consultant Capgemini said on
Thursday.
Read more
Wednesday, June 22, 2016
BRIEF-Yamagata Bank Iwate adjusts conversion price for 2019 due euro-dollar denominated convertible bonds with warrants
* Says it adjusted the conversion price for 2019 due
euro-dollar denominated convertible bonds to $5.08 per share,
from $5.09 per share, effective from April 1
Read more
euro-dollar denominated convertible bonds to $5.08 per share,
from $5.09 per share, effective from April 1
Read more
TABLE-Foreign trading in Japan stocks for latest week
TOKYO, June 23 (Reuters) - Weekly net trading in shares on the first section
of the Tokyo Stock Exchange, Japan's main stock exchange, in thousands
of yen.
A negative figure indicates net selling.
Week to: TOTAL Proprietary Brokerage
Jun 17 -23,867,039 -197,230,796 173,363,757
Jun 10 -5,093,950 -493,615,546 488,521,596
Jun 3 918,873 -10,857,181 11,776,054
May 27 7,814,294 127,327,608 -119,513,314
May 20
Read more
of the Tokyo Stock Exchange, Japan's main stock exchange, in thousands
of yen.
A negative figure indicates net selling.
Week to: TOTAL Proprietary Brokerage
Jun 17 -23,867,039 -197,230,796 173,363,757
Jun 10 -5,093,950 -493,615,546 488,521,596
Jun 3 918,873 -10,857,181 11,776,054
May 27 7,814,294 127,327,608 -119,513,314
May 20
Read more
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