* Says it completes liquidation of its wholly owned
Yamaguchi-based real-estate rental unit, on July 29
Read more
Sunday, July 31, 2016
Australia shares end at near 1-yr high as interest rate decision looms
SYDNEY, Aug 1 (Reuters) - Australian shares rallied to a
near one-year high on Monday, as growing speculation of a rate
cut by the Reserve Bank of Australia this week drove more
investors out of bonds and into equities.
Read more
near one-year high on Monday, as growing speculation of a rate
cut by the Reserve Bank of Australia this week drove more
investors out of bonds and into equities.
Read more
UPDATE 1-Didi to buy Uber China operations in deal valuing combined firm at $35 bln - media
Aug 1 (Reuters) - China's dominant ride hailing firm Didi
Chuxing will buy Uber Technologies Inc's operations in China in
a deal that will end bruising competition between the two firms,
the Wall Street Journal reported.
Read more
Chuxing will buy Uber Technologies Inc's operations in China in
a deal that will end bruising competition between the two firms,
the Wall Street Journal reported.
Read more
BRIEF-Swedbank says EBA confirms its strong asset quality and capitalisation
* The European Banking Authority (EBA) confirms Swedbank's
strong asset quality and capitalisation
Read more
strong asset quality and capitalisation
Read more
BRIEF-CFC Stanbic Holdings appoints Gregroy Brackenridge as chief executive
* Says that Gregroy Brackenridge has been appointed chief
executive of CFC Stanbic Holdings with effect from July 28
Read more
executive of CFC Stanbic Holdings with effect from July 28
Read more
Dubai Investments Q2 net profit slips 2.3 pct
DUBAI, Aug 1 (Reuters) - Dubai Investments
reported a 2.3 percent fall in second-quarter net profit on
Monday.
Read more
reported a 2.3 percent fall in second-quarter net profit on
Monday.
Read more
BRIEF-East Money Information to wholly divest unit for 9 mln yuan
* Says it plans to divest 100 percent stake in its
Shanghai-based assets management unit, for 9 million yuan
Read more
Shanghai-based assets management unit, for 9 million yuan
Read more
Productivity 'quite disappointing' in US and world - Fed's Dudley
NUSA DUA, Indonesia, Aug 1 (Reuters) - Central bank
governors have little power to improve "disappointing
productivity" in the United States and around the world, New
York Federal Reserve President William Dudley said on Monday.
Read more
governors have little power to improve "disappointing
productivity" in the United States and around the world, New
York Federal Reserve President William Dudley said on Monday.
Read more
China's regulator reins in guaranteed funds - The Economic Observer
SHANGHAI, Aug 1 (Reuters) - China's funds regulator
circulated draft rules that impose stricter controls over the
country's guaranteed funds, The Economic Observer reported on
Sunday.
Read more
circulated draft rules that impose stricter controls over the
country's guaranteed funds, The Economic Observer reported on
Sunday.
Read more
Finance minister: Egypt's external debt to reach $53.4 billion with IMF loan
CAIRO, July 31 (Reuters) - Egypt's finance minister said in
a television interview on Sunday that Egypt's external debt
would reach $53.4 billion if his country receives an
International Monetary Fund (IMF) loan.
Read more
a television interview on Sunday that Egypt's external debt
would reach $53.4 billion if his country receives an
International Monetary Fund (IMF) loan.
Read more
Former Goldman star O'Neill may quit UK government over China -FT
LONDON, July 31 (Reuters) - High-profile British Treasury
Minister Jim O'Neill, a former Goldman Sachs chief economist,
could quit his post over Prime Minister Theresa May's new
approach to Chinese investment, the Financial Times reported,
citing a friend of O'Neill.
Read more
Minister Jim O'Neill, a former Goldman Sachs chief economist,
could quit his post over Prime Minister Theresa May's new
approach to Chinese investment, the Financial Times reported,
citing a friend of O'Neill.
Read more
Fonterra holds forecast payout for current season steady
WELLINGTON, Aug 1 (Reuters) - Global dairy giant Fonterra
Co-operative Group Ltd, Monday held its
forecast payout for the current season steady amid continuing
global uncertainty.
Read more
Co-operative Group Ltd, Monday held its
forecast payout for the current season steady amid continuing
global uncertainty.
Read more
Box Office: 'Jason Bourne' Scores With $60 Million Debut, 'Bad Moms' Hits Big
LOS ANGELES, July 31 (Variety.com) - Audiences turned out in
force to see Matt Damon in "Jason Bourne," pushing the spy
sequel to a sterling $60 million debut.
Read more
force to see Matt Damon in "Jason Bourne," pushing the spy
sequel to a sterling $60 million debut.
Read more
REFILE-UPDATE 1-One dead, two missing in Maryland flooding
WASHINGTON, July 31 (Reuters) - Flooding from torrential
rain killed at least one person in Ellicott City, Maryland, and
at least two people are missing after floodwaters swept through
the town's historic downtown, officials said on Sunday.
Read more
rain killed at least one person in Ellicott City, Maryland, and
at least two people are missing after floodwaters swept through
the town's historic downtown, officials said on Sunday.
Read more
California firefighters hopeful on slowing Big Sur blaze
CARMEL-BY-THE-SEA, Calif., July 31 (Reuters) - Firefighters
were hopeful of making progress on Sunday in slowing a deadly
wildfire that has raged for 10 days near California's Big Sur
coast, destroying dozens of homes and forcing hundreds of
residents and campers to evacuate.
Read more
were hopeful of making progress on Sunday in slowing a deadly
wildfire that has raged for 10 days near California's Big Sur
coast, destroying dozens of homes and forcing hundreds of
residents and campers to evacuate.
Read more
MIDEAST STOCKS-Gulf bourses slip on weak oil, Egypt ends five-day rise
DUBAI, July 31 (Reuters) - Stock markets in the Gulf fell on
Sunday, weighed down by weak oil prices and lacklustre
second-quarter corporate results over the last few weeks, while
Egypt's main index pulled back on profit-taking after a strong
run.
Read more
Sunday, weighed down by weak oil prices and lacklustre
second-quarter corporate results over the last few weeks, while
Egypt's main index pulled back on profit-taking after a strong
run.
Read more
Israeli cabinet approves bank reform despite stability concerns
JERUSALEM, July 31 (Reuters) - Israel's cabinet on Sunday
approved legislation aimed at loosening the grip of the
country's three largest banks on the credit supply market,
despite opposition by the IMF and a risk that the reform could
flood the economy with excess credit.
Read more
approved legislation aimed at loosening the grip of the
country's three largest banks on the credit supply market,
despite opposition by the IMF and a risk that the reform could
flood the economy with excess credit.
Read more
Egypt's Palm Hills approves reverse stock split on depositary shares
July 31 (Reuters) - Palm Hills, Egypt's
second-largest listed property developer, said on Sunday it had
changed the conversion ratio for its depositary receipts,
effectively engineering a reverse stock split of the underlying
shares.
Read more
second-largest listed property developer, said on Sunday it had
changed the conversion ratio for its depositary receipts,
effectively engineering a reverse stock split of the underlying
shares.
Read more
Dubai's Alabbar leads investors behind 16.45 pct Aramex stake buy - source
DUBAI, July 31 (Reuters) - Dubai entrepreneur Mohamed
Alabbar has led two investor groups in buying a combined 16.45
percent stake in Dubai-based courier Aramex, part of a
plan to build an e-commerce platform across the Arab world,
according to a source familiar with the matter.
Read more
Alabbar has led two investor groups in buying a combined 16.45
percent stake in Dubai-based courier Aramex, part of a
plan to build an e-commerce platform across the Arab world,
according to a source familiar with the matter.
Read more
Jordan's Housing Bank H1 net profit up 8 pct
BEIRUT, July 31 (Reuters) - Jordan's Housing Bank for Trade
and Finance posted an 8 percent rise in first-half net
profits to 66.4 million dinars ($93.79 million) on Sunday,
attributing the increase to steady growth in its core business.
Read more
and Finance posted an 8 percent rise in first-half net
profits to 66.4 million dinars ($93.79 million) on Sunday,
attributing the increase to steady growth in its core business.
Read more
China's Fosun offers to buy into Portuguese lender BCP via capital hike
LISBON, July 31 (Reuters) - Fosun Group, China's biggest
private conglomerate, made a firm offer to buy a 16.7 percent
stake in Portugal's largest listed bank, Millennium bcp, via a
dedicated capital hike with a possible further increase of the
stake to up to 30 percent.
Read more
private conglomerate, made a firm offer to buy a 16.7 percent
stake in Portugal's largest listed bank, Millennium bcp, via a
dedicated capital hike with a possible further increase of the
stake to up to 30 percent.
Read more
MOVES-Saudi Arabia's PetroRabigh appoints new CEO
DUBAI, July 31 (Reuters) - Saudi Arabia's PetroRabigh
said on Sunday it had appointed Nasser al-Mahasher as
president and chief executive after the resignation of Abdullah
bin Saleh al-Suwailem from the position.
Read more
said on Sunday it had appointed Nasser al-Mahasher as
president and chief executive after the resignation of Abdullah
bin Saleh al-Suwailem from the position.
Read more
Italy's Renzi rules out extraordinary budget measures in 2016
MILAN, July 31 (Reuters) - Italian Prime Minister Matteo
Renzi on Sunday ruled out the need for any extraordinary budget
measures this year even as concern grows economic growth may
fall short of government targets.
Read more
Renzi on Sunday ruled out the need for any extraordinary budget
measures this year even as concern grows economic growth may
fall short of government targets.
Read more
MIDEAST STOCKS-Gulf soft on oil, Q2 results
DUBAI, July 31 (Reuters) - Stock markets in the Gulf were
soft in early trade on Sunday, weighed down by weak oil prices
and a lacklustre set of second-quarter corporate results.
Read more
soft in early trade on Sunday, weighed down by weak oil prices
and a lacklustre set of second-quarter corporate results.
Read more
Don't panic, Nigerian governor says, as bank shake-out looms
LAGOS, July 29 (Reuters) - Breaking the central bankers'
taboo on use of the 'p-word', Nigeria's Godwin Emefiele is
urging people not to panic about the banking system, saying he
is on top of any trouble resulting from the worst crisis in
Africa's biggest economy for decades.
Read more
taboo on use of the 'p-word', Nigeria's Godwin Emefiele is
urging people not to panic about the banking system, saying he
is on top of any trouble resulting from the worst crisis in
Africa's biggest economy for decades.
Read more
Saturday, July 30, 2016
TABLE-Qatar Q2 earnings estimates
(Repeats without any changes to the text)
July 26 (Reuters) - COMMERCIAL BANK OF QATAR - Following are
second-quarter net profit estimates for Commercial Bank of Qatar
in millions of riyals.
Q2 2016 %change
EFG Hermes 347.18 -39.33
SICO Bahrain 311.80 -45.51
QNB Financial Services 320.60 -43.98
HSBC 404.00 -29.40
Arqaam Capital 314.00 -45.13
Read more
FEATURE-Kenya's rapid urbanisation takes toll on Maasai communal land
KITENGELA, Kenya, July 31(Thomson Reuters Foundation) - It's
just before sunset, the time of day when Maasai herdsman Josphat
Ole Tonkei would have been counting his herd of cows after hours
in the grazing fields, a few years ago.
Read more
just before sunset, the time of day when Maasai herdsman Josphat
Ole Tonkei would have been counting his herd of cows after hours
in the grazing fields, a few years ago.
Read more
Chinese consortium agrees $4.4 bln deal for Caesars online games-sources
July 30 (Reuters) - A Chinese consortium that includes game
developer Shanghai Giant Network Technology Co Ltd and
e-commerce company Alibaba Group Holding Ltd founder
Jack Ma has agreed to acquire Caesars Interactive Entertainment
Inc's online games unit for $4.4 billion in cash, people
familiar with the matter said.
Read more
developer Shanghai Giant Network Technology Co Ltd and
e-commerce company Alibaba Group Holding Ltd founder
Jack Ma has agreed to acquire Caesars Interactive Entertainment
Inc's online games unit for $4.4 billion in cash, people
familiar with the matter said.
Read more
UPDATE 1-Quake strikes off Greek island, no damage
ATHENS, July 30 (Reuters) - A quake measuring 5.1 struck off
the coast of the Greek island of Crete on Saturday, Athens
Geodynamic Institute reported, but there were no reports of
damage or casualties.
Read more
the coast of the Greek island of Crete on Saturday, Athens
Geodynamic Institute reported, but there were no reports of
damage or casualties.
Read more
Greek c.bank head sees primary surplus at 1.3 pct of GDP -report
ATHENS, July 30 (Reuters) - Greece's central bank forecasts
the country will post a primary surplus of 1.3 percent of gross
domestic product (GDP) this year, its governor Yannis Stournaras
told a Greek newspaper.
Read more
the country will post a primary surplus of 1.3 percent of gross
domestic product (GDP) this year, its governor Yannis Stournaras
told a Greek newspaper.
Read more
Magnitude 5.2 earthquake strikes off Greece's Crete -USGS
July 30 (Reuters) - A magnitude 5.2 earthquake struck off
the coast of Crete in Greece on Saturday the United States
Geological Survey reported.
Read more
the coast of Crete in Greece on Saturday the United States
Geological Survey reported.
Read more
UPDATE 1-Deadly California wildfire expected to widen severely
CARMEL-BY-THE-SEA, Calif., July 30 (Reuters) - A deadly
blaze near California's Big Sur coast could widen to more than
five times its current size and has destroyed some 60 homes,
threatened hundreds of others and spurred mass evacuations,
authorities said on Saturday.
Read more
blaze near California's Big Sur coast could widen to more than
five times its current size and has destroyed some 60 homes,
threatened hundreds of others and spurred mass evacuations,
authorities said on Saturday.
Read more
Monte dei Paschi investor likely to subscribe only partially to cash call
FLORENCE, July 30 (Reuters) - Marcello Clarich, president of
Monte dei Paschi's 1.49 percent shareholder Fondazione Monte dei
Paschi di Siena, tells Reuters:
Read more
Monte dei Paschi's 1.49 percent shareholder Fondazione Monte dei
Paschi di Siena, tells Reuters:
Read more
UPDATE 1-Vivendi CEO says no plan to take over Mediaset
MILAN, July 30 (Reuters) - Vivendi's Chief Executive Arnaud
de Puyfontaine tells Italian daily Corriere della Sera in an
interview published on Saturday:
Read more
de Puyfontaine tells Italian daily Corriere della Sera in an
interview published on Saturday:
Read more
Property toll grows as firefighters battle California wildfire
July 30 (Reuters) - The property toll claimed by a deadly
blaze near California's Big Sur coast has grown as the fire
threatened hundreds of more homes and forced several state parks
to close at the height of summer tourist season.
Read more
blaze near California's Big Sur coast has grown as the fire
threatened hundreds of more homes and forced several state parks
to close at the height of summer tourist season.
Read more
Vivendi CEO says no plan to take over Mediaset
MILAN, July 30 (Reuters) - Vivendi's Chief Executive Arnaud
de Puyfontaine tells Italian daily Corriere della Sera in an
interview published on Saturday:
Read more
de Puyfontaine tells Italian daily Corriere della Sera in an
interview published on Saturday:
Read more
UPDATE 4-No clean bill of health for EU banks in stress test
* For a graphic on test results: http://tmsnrt.rs/2aey6Ld
(Adds graphic to bullet points; no change in text)
Read more
(Adds graphic to bullet points; no change in text)
Read more
Singapore c.bank says examining Goldman on work related to 1MDB bond deals
SINGAPORE, July 30 (Reuters) - Singapore's central bank said
on Saturday it is examining the extent of Goldman Sachs'
local unit's involvement in bond deals for Malaysian state
investor 1Malaysia Development Berhad (1MDB).
Read more
on Saturday it is examining the extent of Goldman Sachs'
local unit's involvement in bond deals for Malaysian state
investor 1Malaysia Development Berhad (1MDB).
Read more
Fosun strikes first Brazil deal with purchase of fund manager Rio Bravo
HONG KONG, July 30 (Reuters) - Fosun Group said on Saturday
it has agreed to buy Brazilian fund manager Rio Bravo
Investimentos, in the Chinese conglomerate's first acquisition
in Latin America.
Read more
it has agreed to buy Brazilian fund manager Rio Bravo
Investimentos, in the Chinese conglomerate's first acquisition
in Latin America.
Read more
Friday, July 29, 2016
UPDATE 1-U.S. authorities subpoena Goldman in 1MDB probe -WSJ
July 29 (Reuters) - U.S. authorities have issued subpoenas
to Goldman Sachs Group Inc for documents related to the
bank's dealings with scandal-hit Malaysian state fund 1MDB, the
Wall Street Journal reported late on Friday.
Read more
to Goldman Sachs Group Inc for documents related to the
bank's dealings with scandal-hit Malaysian state fund 1MDB, the
Wall Street Journal reported late on Friday.
Read more
UPDATE 3-Crews battle to quell California wildfire near Big Sur coast
CARMEL-BY-THE-SEA, Calif., July 29 (Reuters) - Firefighters
battled for an eighth day on Friday to quell a deadly blaze near
California's renowned Big Sur coast that has destroyed dozens
of homes, threatened hundreds more and forced several state
parks to close at the height of summer tourist season.
Read more
battled for an eighth day on Friday to quell a deadly blaze near
California's renowned Big Sur coast that has destroyed dozens
of homes, threatened hundreds more and forced several state
parks to close at the height of summer tourist season.
Read more
Competition slows rate of rise for UK car insurance premiums -survey
July 30 (Reuters) - British car insurance premiums rose less
than expected in the three months to end-June compared with the
previous quarter, as competition pressures kept growth in check,
the AA said on Saturday.
Read more
than expected in the three months to end-June compared with the
previous quarter, as competition pressures kept growth in check,
the AA said on Saturday.
Read more
UPDATE 2-Brazil's Lula to stand trial for obstruction of justice - court
SAO PAULO, July 29 (Reuters) - Brazil's former President
Luiz Inacio Lula da Silva and the former chief executive of
investment bank Grupo BTG Pactual SA will stand
trial for obstruction of justice, documents from a federal court
in Brasilia showed on Friday.
Read more
Luiz Inacio Lula da Silva and the former chief executive of
investment bank Grupo BTG Pactual SA will stand
trial for obstruction of justice, documents from a federal court
in Brasilia showed on Friday.
Read more
Einhorn's Greenlight up 5.7 pct for year after strong July - source
BOSTON, July 29 (Reuters) - Billionaire investor David
Einhorn's Greenlight Capital added strong gains in July which
helped increased the fund's gains for the year since Jan. 1 to
5.7 percent after the stock market climbed, a person familiar
with the firm's returns said.
Read more
Einhorn's Greenlight Capital added strong gains in July which
helped increased the fund's gains for the year since Jan. 1 to
5.7 percent after the stock market climbed, a person familiar
with the firm's returns said.
Read more
UPDATE 1-Couple pleads guilty to financial crimes in pharmacy case
BOSTON, July 29 (Reuters) - Two people with connections to a
compounding pharmacy that was involved in a deadly meningitis
outbreak in 2012 on Friday pleaded guilty to having illegally
withdrawn cash from accounts in order to avoid financial
reporting requirements.
Read more
compounding pharmacy that was involved in a deadly meningitis
outbreak in 2012 on Friday pleaded guilty to having illegally
withdrawn cash from accounts in order to avoid financial
reporting requirements.
Read more
BRIEF-Immune Pharmaceuticals offers up to 3.2 mln shares
* Says it is offering up to 3.2 million shares of co's
common stock to institutional investors - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
common stock to institutional investors - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Deutsche Bank scrapes through European banks stress test
FRANKFURT, July 30 (Reuters) - Deutsche Bank
showed a weaker reading in the European Union's banking stress
test than most of its peers, indicating that the lender still
has far to go in a revamp it launched last year.
Read more
showed a weaker reading in the European Union's banking stress
test than most of its peers, indicating that the lender still
has far to go in a revamp it launched last year.
Read more
Allied Irish says stress test not reflective of current performance
DUBLIN, July 29 (Reuters) - Allied Irish Banks
(AIB) said the methodology behind Friday's European Union stress
tests that showed it to be the second worst performer among 51
banks did not reflect its current financial performance.
Read more
(AIB) said the methodology behind Friday's European Union stress
tests that showed it to be the second worst performer among 51
banks did not reflect its current financial performance.
Read more
Private equity firms focused on Hewlett Packard asset sales -sources
July 29 (Reuters) - Buyout firms are focused on acquiring
some software assets that Hewlett Packard Enterprise Co (HPE)
has been considering divesting, worth between $6 billion
and $8 billion, rather than the entire company, people familiar
with the matter said on Friday.
Read more
some software assets that Hewlett Packard Enterprise Co (HPE)
has been considering divesting, worth between $6 billion
and $8 billion, rather than the entire company, people familiar
with the matter said on Friday.
Read more
UPDATE 1-Pennsylvania attorney general announces Hershey trust reform deal
HARRISBURG, Penn., July 29 (Reuters) - The Pennsylvania
Attorney General's office unveiled on Friday the terms of a
reform agreement with the charitable trust that controls Hershey
Co that includes a 10-year term limit for trustees and
limits on their compensation to $110,000.
Read more
Attorney General's office unveiled on Friday the terms of a
reform agreement with the charitable trust that controls Hershey
Co that includes a 10-year term limit for trustees and
limits on their compensation to $110,000.
Read more
ECB approves Monte dei Paschi's plan to sell bad loans -source
July 29 (Reuters) - Italy's third-biggest lender, Monte dei
Paschi di Siena, has received the approval of the
European Central Bank for a plan to sell its bad loans, a source
close to the matter said on Friday.
Read more
Paschi di Siena, has received the approval of the
European Central Bank for a plan to sell its bad loans, a source
close to the matter said on Friday.
Read more
UPDATE 1-Nigerian lender Skye shored up by $315 mln injection from central bank
LAGOS, July 29 (Reuters) - Nigeria's central bank has
injected more than 100 billion naira ($315 million) into Skye
bank after sacking the lender's top management this
month for failing to meet minimum capital requirements, its new
managing director said on Friday.
Read more
injected more than 100 billion naira ($315 million) into Skye
bank after sacking the lender's top management this
month for failing to meet minimum capital requirements, its new
managing director said on Friday.
Read more
EU mergers and takeovers (July 29)
BRUSSELS, July 29 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
Fitch Affirms Italian Region of Valle d'Aosta at 'A'; Outlook Stable
(The following statement was released by the rating agency)
MILAN/PARIS/LONDON, July 29 (Fitch) Fitch Ratings has affirmed
the Italian
Region of Valle d'Aosta's (VdA) Long-Term Foreign and Local
Currency Issuer
Default Ratings (IDRs) at 'A' with Stable Outlooks and
Short-Term Foreign
Currency IDR at 'F1'. The Long-term ratings on the region's
senior unsecured
bonds have also been affirmed at 'A'.
The affirmation reflects the continued strong financial autonomy
of VAT, due to
the region's sp
Read more
MILAN/PARIS/LONDON, July 29 (Fitch) Fitch Ratings has affirmed
the Italian
Region of Valle d'Aosta's (VdA) Long-Term Foreign and Local
Currency Issuer
Default Ratings (IDRs) at 'A' with Stable Outlooks and
Short-Term Foreign
Currency IDR at 'F1'. The Long-term ratings on the region's
senior unsecured
bonds have also been affirmed at 'A'.
The affirmation reflects the continued strong financial autonomy
of VAT, due to
the region's sp
Read more
Fitch Affirms Autonomous Region of Sardinia at 'A-'; Outlook Stable
(The following statement was released by the rating agency)
MILAN/PARIS/LONDON, July 29 (Fitch) Fitch Ratings has affirmed
the Autonomous
Region of Sardinia's Long-Term Foreign and Local Currency Issuer
Default Ratings
(IDRs) at 'A-' with Stable Outlooks and Short-Term Foreign
Currency IDR at 'F2'.
The affirmation reflects Sardinia's sound and stable budgetary
performance,
underpinned by strong financial autonomy that is reflective of
the region's
special status, as well as the region's low
Read more
MILAN/PARIS/LONDON, July 29 (Fitch) Fitch Ratings has affirmed
the Autonomous
Region of Sardinia's Long-Term Foreign and Local Currency Issuer
Default Ratings
(IDRs) at 'A-' with Stable Outlooks and Short-Term Foreign
Currency IDR at 'F2'.
The affirmation reflects Sardinia's sound and stable budgetary
performance,
underpinned by strong financial autonomy that is reflective of
the region's
special status, as well as the region's low
Read more
UPDATE 1-Call center software maker Interactive Intelligence explores sale-sources
July 29 (Reuters) - Interactive Intelligence Group Inc
, a U.S. provider of software and services for call
center operators, is exploring strategic alternatives, including
a potential sale, according to people familiar with the matter.
Read more
, a U.S. provider of software and services for call
center operators, is exploring strategic alternatives, including
a potential sale, according to people familiar with the matter.
Read more
MOVES-Allen & Overy beefs up US leveraged finance group
NEW YORK, July 29 (IFR) - Allen & Overy hired a team of five
leveraged finance partners in New York in an effort to
significantly expand the international law firm's presence in
the US.
Read more
leveraged finance partners in New York in an effort to
significantly expand the international law firm's presence in
the US.
Read more
BRIEF-Westbury Bancorp Q3 earnings per share $0.25
* Net interest income increased $1.3 million, or 9.2%, to
$15.2 million for nine months ended June 30, 2016 compared to
$13.9 million
Read more
$15.2 million for nine months ended June 30, 2016 compared to
$13.9 million
Read more
CORRECTED-Sri Lankan rupee ends weaker on importer dollar demand
COLOMBO, July 20 (Reuters) - The Sri Lankan rupee ended
weaker on Wednesday due to dollar demand from importers, even as
a top central bank official said proceeds from a sovereign bond
issue, which dealers say would lift the local currency, have
flowed in.
Read more
weaker on Wednesday due to dollar demand from importers, even as
a top central bank official said proceeds from a sovereign bond
issue, which dealers say would lift the local currency, have
flowed in.
Read more
BRIEF-K. Hovnanian enterprises announces tender offer
* k. Hovnanian enterprises Inc. Announces tender offer and
consent solicitation and new financing transactions
Source text for Eikon:
Further company coverage:
Read more
consent solicitation and new financing transactions
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Charter Financial reports Q3 earnings of $0.09 per share
* Net interest income increased to $12.1 million for quarter
ended June 30, 2016, compared with $8.1 million for quarter
ended June 30, 2015
Read more
ended June 30, 2016, compared with $8.1 million for quarter
ended June 30, 2015
Read more
BRIEF-PJT Partners qtrly adjusted earnings per share $0.14
* Declared a quarterly dividend of $0.05 per share of class
a common stock
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
a common stock
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Bank of Spain deputy governor to head BIS unit
MADRID, July 29 (Reuters) - The Bank of Spain said on Friday
its deputy governor Fernando Restoy was set to become the next
chairman of the Bank of International Settlement's Financial
Stability Institute.
Read more
its deputy governor Fernando Restoy was set to become the next
chairman of the Bank of International Settlement's Financial
Stability Institute.
Read more
BRIEF-Standard Alliance Insurance reports HY group pre-tax profit of 268.6 mln naira
* HY ended June 2016 group profit before taxation 268.6
million naira versus 605.9 million naira year ago
Read more
million naira versus 605.9 million naira year ago
Read more
BRIEF-Swiss Re CEO says Britain remains focus for Admin Re
* CEO says not particularly worried about Brexit for Swiss
Re, will continue to do business in Britain
Read more
Re, will continue to do business in Britain
Read more
BRIEF-Strategic Investments Q2 pretax profit up at DKK 25.4 million
* Q2 investment result 26.4 million Danish crowns ($3.94 million) versus 19.1 million crowns
year ago
Read more
year ago
Read more
Thai finmin says not concerned about fund inflows
BANGKOK, July 29 (Reuters) - Thailand's finance minister
said on Friday he was not worried about capital inflows, which
have pushed the baht currency to a four-month high
against the dollar.
Read more
said on Friday he was not worried about capital inflows, which
have pushed the baht currency to a four-month high
against the dollar.
Read more
TABLE-Foreign trading in South Korean stocks
SEOUL, July 29 (Reuters) - Daily net trading in shares on
South Korea's main stock exchange by three major
categories of investors as of 0724 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
July 29 *212.5 -319.6 89.6
^July 28 196.5 -80.1 -110.1
July 27 243.8 -103.5 -137.9
July 26 194.2
Read more
South Korea's main stock exchange by three major
categories of investors as of 0724 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
July 29 *212.5 -319.6 89.6
^July 28 196.5 -80.1 -110.1
July 27 243.8 -103.5 -137.9
July 26 194.2
Read more
UBS plan for Monte dei Paschi proposes 3 bln euro cash call - paper
A last-minute rescue plan for Monte dei Paschi di Siena
proposed by Swiss bank UBS includes a smaller
capital increase than one currently envisaged by the troubled
Italian bank, financial daily Il Sole 24 Ore said.
Read more
proposed by Swiss bank UBS includes a smaller
capital increase than one currently envisaged by the troubled
Italian bank, financial daily Il Sole 24 Ore said.
Read more
Thursday, July 28, 2016
BRIEF-Paragon Group of Companies trading in line with expectations
* Pipeline at 30 June 2016 stood at £339.0 million compared
to £350.6 million at start of quarter
Read more
to £350.6 million at start of quarter
Read more
BRIEF-Anshin Guarantor Service to provide rent settlement service with subsidiaries of Aeon Financial Service
* Says it will provide the new rent settlement service
altogether with AEON CREDIT SERVICE CO.,LTD. and AEON BANK,
LTD., subsidiaries of Aeon Financial Service
Read more
altogether with AEON CREDIT SERVICE CO.,LTD. and AEON BANK,
LTD., subsidiaries of Aeon Financial Service
Read more
UPDATE 1-Safran H1 core income up 11.8 percent
PARIS, July 29 (Reuters) - France's Safran posted
an 11.8 percent rise in first-half core profit on Friday, driven
by demand for aircraft equipment like wheels and brakes, and
reaffirmed core financial targets.
Read more
an 11.8 percent rise in first-half core profit on Friday, driven
by demand for aircraft equipment like wheels and brakes, and
reaffirmed core financial targets.
Read more
BRIEF-Custodian and Allied declares interim dividend of 7 kobo per share
* Declares interim dividend of 7 kobo per share, payable on
Sept. 1, 2016
Source: http://bit.ly/2aguiOr
Further company coverage:
Read more
Sept. 1, 2016
Source: http://bit.ly/2aguiOr
Further company coverage:
Read more
Sri Lanka can grow 5 pct plus this year despite rate hikes - c.bank
COLOMBO, July 29 (Reuters) - Sri Lanka can still achieve
economic growth of 5 percent or slightly more even with the
now-increased monetary policy rates, the central bank chief
said on Friday.
Read more
economic growth of 5 percent or slightly more even with the
now-increased monetary policy rates, the central bank chief
said on Friday.
Read more
FOREX-Yen jumps after BOJ decision disappoints
SINGAPORE, July 29 (Reuters) - The safe-haven yen jumped
against the dollar on Friday after the Bank of Japan's monetary
policy easing disappointed investors who had been hoping for
more radical stimulus measures.
Read more
against the dollar on Friday after the Bank of Japan's monetary
policy easing disappointed investors who had been hoping for
more radical stimulus measures.
Read more
Taiwan stocks follow overseas markets lower; techs, banks down
TAIPEI, July 29 (Reuters) - Taiwan stocks fell on Friday as
declines in other Asian markets dented investor sentiment, with
technology and banks leading the fall.
Read more
declines in other Asian markets dented investor sentiment, with
technology and banks leading the fall.
Read more
Singapore June bank lending cools slightly
SINGAPORE, July 29 (Reuters) - Singapore' total bank lending
fell in June on smaller loans to manufacturing and financial
sectors, central bank data showed on Friday.
Read more
fell in June on smaller loans to manufacturing and financial
sectors, central bank data showed on Friday.
Read more
BRIEF-Global upgrades to TSE first section from TSE second section
* Says it has been listed on Tokyo Stock Exchange (TSE)
first section from TSE second section, on July 29
Read more
first section from TSE second section, on July 29
Read more
Fitch: No Rating Changes from Update to Global LMI Criteria in RMBS
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Global Criteria for Lenders'
Mortgage Insurance
in RMBS
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884107
LONDON/NEW YORK/SYDNEY, July 28 (Fitch) Fitch Ratings' updated
global criteria
for lenders' mortgage insurance (LMI) in residential
mortgage-backed security
(RMBS) transactions contains minor changes to the rating
framework but will not
affect the ratings of existing tr
Read more
Link to Fitch Ratings' Report: Global Criteria for Lenders'
Mortgage Insurance
in RMBS
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884107
LONDON/NEW YORK/SYDNEY, July 28 (Fitch) Fitch Ratings' updated
global criteria
for lenders' mortgage insurance (LMI) in residential
mortgage-backed security
(RMBS) transactions contains minor changes to the rating
framework but will not
affect the ratings of existing tr
Read more
UPDATE 1-U.S. emerging market debt funds attract record cash again -Lipper
(Recasts throughout; adds data on mutual funds and ETFs,
analyst quote, table, byline)
By Trevor Hunnicutt
NEW YORK, July 28 (Reuters) - Emerging-market debt funds
offered in the United States took in record cash for the second
straight week, Lipper data showed on Thursday, as investors
hoped more central bank stimulus could make the bonds an
appealing buy.
The funds attracted nearly $1.4 billion in the period
through July 27, larger than the $918 million they attracted the
previo
Read more
BRIEF-Corporate Office Properties Trust Q2 adjusted FFO per share $0.52
* Says is narrowing its fy guidance range for full year
ffops, as adjusted for comparability, of $1.99-$2.03
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
ffops, as adjusted for comparability, of $1.99-$2.03
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
BRIEF-Civeo Q2 loss per share $0.11
* Civeo corp says for q3 of 2016, company expects adjusted
ebitda of $18 million to $21 million
Read more
ebitda of $18 million to $21 million
Read more
UPDATE 1-ECB rates still safely above detrimental level -Coeure
FRANKFURT, July 28 (Reuters) - Sub-zero European Central
Bank interest rates are doing more good than harm and holding
safely above a detrimental level, but the bloc remains at risk
of falling into a damaging trap of low rates, ECB Executive
Board Member Benoit Coeure said.
Read more
Bank interest rates are doing more good than harm and holding
safely above a detrimental level, but the bloc remains at risk
of falling into a damaging trap of low rates, ECB Executive
Board Member Benoit Coeure said.
Read more
BRIEF-GLM Holdco, LLC says it has sold $13.9 mln in equity financing
* GLM Holdco, LLC says it has sold $13.9 mln in equity
financing - SEC Filing
Source - http://bit.ly/2ahC73b
(Bengaluru Newsroom; +1 646 223 8780)
Read more
financing - SEC Filing
Source - http://bit.ly/2ahC73b
(Bengaluru Newsroom; +1 646 223 8780)
Read more
BRIEF-BME approves dividend of 0.4 euro per share gross
July 28 (Reuters) - Bolsas y Mercados Espanoles Sociedad Holding de Mercados y Sistemas
Financieros :
Read more
Financieros :
Read more
BRIEF-West Bancorporation reports qtrly earnings per share $0.34
* West bancorporation inc qtrly net interest income after
provision for loan losses $13.8 million versus $13.2 million
Read more
provision for loan losses $13.8 million versus $13.2 million
Read more
BRIEF-The First of Long Island Corp posts Q2 EPS of $0.50
* The First Of Long Island Corporation announces 21.4 pct
increase in net income for the second quarter of 2016
Read more
increase in net income for the second quarter of 2016
Read more
Vanguard to close booming dividend growth fund to new investors
BOSTON, July 28 (Reuters) - Vanguard Group said on Thursday
it is closing its $30 billion Dividend Growth Fund to
new investors as a protective measure.
Read more
it is closing its $30 billion Dividend Growth Fund to
new investors as a protective measure.
Read more
BRIEF-Losing RCS consortium challenges decision not to suspend Cairo's bid
* Filed complaint with Lazio's regional administrative court
against market regulator Consob's decision not to suspend Cairo
Communication's takeover bid on RCS
Read more
against market regulator Consob's decision not to suspend Cairo
Communication's takeover bid on RCS
Read more
Futures market operator CME Group's profit jumps 21 pct
July 28 (Reuters) - CME Group Inc, the world's largest
futures market operator, said on Thursday its quarterly profit
jumped about 21 percent, boosted by volatile trading during the
period.
Read more
futures market operator, said on Thursday its quarterly profit
jumped about 21 percent, boosted by volatile trading during the
period.
Read more
Ukrainian central bank cuts main rate to 15.5 pct from 16.5 pct
KIEV, July 28 (Reuters) - The Ukrainian central bank said on
Thursday it would lower its main interest rate to 15.5 percent
from 16.5 percent, the fourth consecutive cut, as inflation
risks decline and the hryvnia, Ukraine's currency strengthens.
Read more
Thursday it would lower its main interest rate to 15.5 percent
from 16.5 percent, the fourth consecutive cut, as inflation
risks decline and the hryvnia, Ukraine's currency strengthens.
Read more
Brazil's Bradesco misses profit estimate, ups provision forecast
SAO PAULO, July 28 (Reuters) - Banco Bradesco SA missed
second-quarter profit estimates and raised the forecast for
loan-loss provision expenses this year, as Brazil's
third-biggest listed lender faces a deluge of requests from
debt-laden corporate customers to stretch out loan terms.
Read more
second-quarter profit estimates and raised the forecast for
loan-loss provision expenses this year, as Brazil's
third-biggest listed lender faces a deluge of requests from
debt-laden corporate customers to stretch out loan terms.
Read more
Carrefour CEO sees property, Brazil flotations in 2017
PARIS, July 28 (Reuters) - French retailer Carrefour
could launch separate share flotations of its property
and Brazilian units in 2017, its chief executive said on
Thursday.
Read more
could launch separate share flotations of its property
and Brazilian units in 2017, its chief executive said on
Thursday.
Read more
UPDATE 2-Lloyds to cut 3,000 jobs, close more branches after Brexit shock
* First-half pretax profit 2.45 bln stg (consensus 2.35 bln)
(Adds shares, analyst and management comments)
Read more
(Adds shares, analyst and management comments)
Read more
Fitch: Homeloans Merger to Have No Impact on RESIMAC RMBS Deals
(The following statement was released by the rating agency)
SYDNEY, July 28 (Fitch) Fitch Ratings says that the proposed
merger between
RESIMAC Limited (RESIMAC) and Homeloans Limited (Homeloans) will
have no rating
impact on the RMBS transactions originated and serviced by
RESIMAC. RESIMAC's
origination and servicing platform, as well as its systems and
procedures will
not change, and RESIMAC will continue to manage the existing
transactions.
On 20 July 2016, RESIMAC announced it is enteri
Read more
SYDNEY, July 28 (Fitch) Fitch Ratings says that the proposed
merger between
RESIMAC Limited (RESIMAC) and Homeloans Limited (Homeloans) will
have no rating
impact on the RMBS transactions originated and serviced by
RESIMAC. RESIMAC's
origination and servicing platform, as well as its systems and
procedures will
not change, and RESIMAC will continue to manage the existing
transactions.
On 20 July 2016, RESIMAC announced it is enteri
Read more
China QFII quota rises to $81.38 bln at end July - FX regulator
BEIJING, July 28 (Reuters) - The outstanding amount of
China's dollar-denominated Qualified Foreign Institutional
Investor (QFII) programme rose to $81.38 billion at the end of
July, from $81.18 billion at the end of June, the foreign
exchange regulator said on Thursday.
Read more
China's dollar-denominated Qualified Foreign Institutional
Investor (QFII) programme rose to $81.38 billion at the end of
July, from $81.18 billion at the end of June, the foreign
exchange regulator said on Thursday.
Read more
BRIEF-Coreo: appeal against agenda item on cash capital increase raised
* Planned real estate strategy is to be financed through
this capital increase
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
this capital increase
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
UPDATE 1-Countrywide warns on results as Brexit hits property market
July 28 (Reuters) - Countrywide Plc, the UK's
biggest lettings and estate agency company, warned on full-year
core earnings on Thursday, saying that commercial and London
residential transactions had stalled after Britain voted in June
to leave the European Union.
Read more
biggest lettings and estate agency company, warned on full-year
core earnings on Thursday, saying that commercial and London
residential transactions had stalled after Britain voted in June
to leave the European Union.
Read more
Wednesday, July 27, 2016
UPDATE 1-Euronext controls expenses to post higher Q2 profit
July 28 (Reuters) - Pan-European exchange Euronext
reported a nearly 13 percent rise in second-quarter operating
profit as it exercised tighter control over expenses, and set
new growth targets for the next three years.
Read more
reported a nearly 13 percent rise in second-quarter operating
profit as it exercised tighter control over expenses, and set
new growth targets for the next three years.
Read more
BRIEF-Hispania H1 net profit jumps to 120 mln euros
* Reported on Wednesday its H1 net profit at 120.1 million
euros ($132.9 million) versus 10.7 million euros year ago
Read more
euros ($132.9 million) versus 10.7 million euros year ago
Read more
Buyout firm Bain to sell hotel assets in Japan REIT IPO-sources
TOKYO, July 28 (Reuters) - U.S. buyout firm Bain Capital is
selling part of its Japan hotel assets through a real estate
investment trust (REIT) initial public offering (IPO) in Tokyo
that may raise nearly 20 billion yen ($190.35 million), sources
familiar with the matter said.
Read more
selling part of its Japan hotel assets through a real estate
investment trust (REIT) initial public offering (IPO) in Tokyo
that may raise nearly 20 billion yen ($190.35 million), sources
familiar with the matter said.
Read more
China insurance profits down 54 pct in first half
BEIJING, July 28 (Reuters) - China insurance industry
profits fell 54.05 percent in the first half of the year to
105.6 billion yuan, the insurance regulator said on Thursday.
Read more
profits fell 54.05 percent in the first half of the year to
105.6 billion yuan, the insurance regulator said on Thursday.
Read more
UPDATE 1-OCBC Q2 profit slides but rival UOB surprises with higher trading income
SINGAPORE, July 28 (Reuters) - Oversea-Chinese Banking Corp
posted a 15 percent drop in quarterly profit, hit by
lower insurance income, but rival United Overseas Bank
surprised with a 5.1 percent jump in earnings on higher trading
income.
Read more
posted a 15 percent drop in quarterly profit, hit by
lower insurance income, but rival United Overseas Bank
surprised with a 5.1 percent jump in earnings on higher trading
income.
Read more
BRIEF-AllianceBernstein says will not proceed with Visium Fund transaction
* " having determined that an opportunity involving Visium
Global Fund was not feasible, we will not proceed with
transaction"
Read more
Global Fund was not feasible, we will not proceed with
transaction"
Read more
UOB Q2 net profit up on higher trading income, beats forecasts
SINGAPORE, July 28 (Reuters) - United Overseas Bank
, Singapore's third-biggest lender, posted a 5.1
percent rise in quarterly profit, beating expectations, as a
boost in trading income helped overcome flat net interest
income.
Read more
, Singapore's third-biggest lender, posted a 5.1
percent rise in quarterly profit, beating expectations, as a
boost in trading income helped overcome flat net interest
income.
Read more
UPDATE 1-Wall St banker merely discussed work with inside trader dad -lawyer
NEW YORK, July 27 (Reuters) - The defense lawyer for a
former Wall Street investment banker charged with giving his
father inside information insisted on Wednesday that his client
had no intention of conveying trading tips while discussing his
work.
Read more
former Wall Street investment banker charged with giving his
father inside information insisted on Wednesday that his client
had no intention of conveying trading tips while discussing his
work.
Read more
Irish exporters see Brexit hurting sector -survey
DUBLIN, July 28 (Reuters) - Nine out of 10 Irish exporters
see Britain's vote to leave the European Union hurting
businesses with more than half of those firms planning to
diversify into different markets as a result, a survey showed on
Thursday.
Read more
see Britain's vote to leave the European Union hurting
businesses with more than half of those firms planning to
diversify into different markets as a result, a survey showed on
Thursday.
Read more
Singapore state investor GIC expects low returns over next decade, flags China risks
SINGAPORE, July 28 (Reuters) - Singapore's biggest sovereign
investor GIC Pte Ltd said its portfolio return slowed
in its latest five-year period, and that growth would continue
to be low over the course of a decade due to vanishing bond
yields and weak global growth prospects.
Read more
investor GIC Pte Ltd said its portfolio return slowed
in its latest five-year period, and that growth would continue
to be low over the course of a decade due to vanishing bond
yields and weak global growth prospects.
Read more
BRIEF-Horace Mann reports Q2 operating EPS of 25 cents
* Horace Mann reports second quarter 2016 net income per
share of $0.29; operating EPS of $0.25
Read more
share of $0.29; operating EPS of $0.25
Read more
BRIEF-Talmer Bancorp reports Q2 2016 net income of $20.2 million
* Talmer bancorp, inc. Reports second quarter 2016 net
income of $20.2 million, representing $0.28 of earnings per
diluted average common share
Read more
income of $20.2 million, representing $0.28 of earnings per
diluted average common share
Read more
UPDATE 1-Canada housing agency sees overvaluation signs across country
OTTAWA, July 27 (Reuters) - Canada's housing market is
showing strong signs of overvaluation as prices have surged, the
federal housing agency said on Wednesday, becoming the latest
authority to voice concern about the country's multi-year
property boom.
Read more
showing strong signs of overvaluation as prices have surged, the
federal housing agency said on Wednesday, becoming the latest
authority to voice concern about the country's multi-year
property boom.
Read more
Deals of the day- Mergers and acquisitions
July 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
Read more
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
Read more
BRIEF-Sofinnova Venture Partners reports 6.6 pct passive stake in Audentes Therapeutics
* Sofinnova Venture Partners reports 6.6 pct passive stake
in Audentes Therapeutics as of July 20 - SEC filing
Source text: http://bit.ly/2aKKMdl
Further company coverage:
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
Read more
in Audentes Therapeutics as of July 20 - SEC filing
Source text: http://bit.ly/2aKKMdl
Further company coverage:
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
Read more
UniCredit to ask authorities to investigate market abuse
MILAN, July 27 (Reuters) - UniCredit will ask
authorities to investigate possible market abuse in relation to
media reports over its upcoming strategic review, which on
Thursday affected its share price and that of two of its units,
the Italian bank said in a statement.
Read more
authorities to investigate possible market abuse in relation to
media reports over its upcoming strategic review, which on
Thursday affected its share price and that of two of its units,
the Italian bank said in a statement.
Read more
Insider trading by ex-banker's father becomes focus in U.S. trial
NEW YORK, July 27 (Reuters) - The relationship between a
former Wall Street investment banker charged for insider trading
and his father, who traded on information about mergers he
learned from him, took center stage at the start of the son's
trial on Wednesday.
Read more
former Wall Street investment banker charged for insider trading
and his father, who traded on information about mergers he
learned from him, took center stage at the start of the son's
trial on Wednesday.
Read more
Owners of Polish retail chain Zabka tap JPMorgan for $1.1 billion sale - sources
LONDON/WARSAW, July 27 (Reuters) - Private equity firm Mid
Europa Partners is pressing ahead with the sale of its Polish
convenience chain Zabka Polska and has asked JPMorgan to
handle negotiations with prospective bidders, sources familiar
with the matter said.
Read more
Europa Partners is pressing ahead with the sale of its Polish
convenience chain Zabka Polska and has asked JPMorgan to
handle negotiations with prospective bidders, sources familiar
with the matter said.
Read more
BRIEF-SABMiller said to order halt to AB InBev integration work - BBG, citing sources
* SABMiller Plc management has asked employees to stop work
on integrating operations with that of Anheuser-Busch InBev-
Bloomberg, citing sources
Source text - http://bloom.bg/2axANbS
Read more
on integrating operations with that of Anheuser-Busch InBev-
Bloomberg, citing sources
Source text - http://bloom.bg/2axANbS
Read more
UPDATE 3-Anthem vows to fight for Cigna deal; profit beats estimates
July 27 (Reuters) - Health insurer Anthem Inc on
Wednesday said it was committed to its planned acquisition of
Cigna Corp and again vowed to fight U.S. government
efforts to block the deal, saying the merger will help lower
costs for consumers.
Read more
Wednesday said it was committed to its planned acquisition of
Cigna Corp and again vowed to fight U.S. government
efforts to block the deal, saying the merger will help lower
costs for consumers.
Read more
REFILE-L&G reduces pricing discount on UK property fund redemption requests
LONDON, July 27 (Reuters) - Legal & General's fund
arm Legal & General Investment Management (LGIM) said on
Wednesday it had reduced the discount applied to investors
wishing to withdraw cash from its 2.3 billion pound UK property
fund, from 10 percent to 7.5 percent.
Read more
arm Legal & General Investment Management (LGIM) said on
Wednesday it had reduced the discount applied to investors
wishing to withdraw cash from its 2.3 billion pound UK property
fund, from 10 percent to 7.5 percent.
Read more
Weak trading puts Deutsche's strategy at risk
LONDON, July 27 (IFR) - Deutsche Bank's weaker than expected
performance at its all-important debt trading business, where
revenues last quarter fell 19% from a year ago, could impact its
aim of generating enough profit to fill its estimated 6bn
capital hole by 2019.
Read more
performance at its all-important debt trading business, where
revenues last quarter fell 19% from a year ago, could impact its
aim of generating enough profit to fill its estimated 6bn
capital hole by 2019.
Read more
EU mergers and takeovers (July 27)
BRUSSELS, July 27 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
BRIEF-Community Trust Bancorp increases quarterly dividend to $0.32 per share
* Increased its quarterly cash dividend to $0.32 per share
beginning with October 1, 2016 payment
Read more
beginning with October 1, 2016 payment
Read more
Brazil defaults fall for first month in year in June
BRASILIA/SAO PAULO, July 27 (Reuters) - Loans in arrears for
more than 90 days in Brazil fell for the first time in a year in
June, central bank data showed on Wednesday, after corporate and
individual borrowers raced to renegotiate their debt amid rising
borrowing costs.
Read more
more than 90 days in Brazil fell for the first time in a year in
June, central bank data showed on Wednesday, after corporate and
individual borrowers raced to renegotiate their debt amid rising
borrowing costs.
Read more
Monte dei Paschi contacts banks to back 5 bln euro cash call - source
LONDON/MILAN, July 27 (Reuters) - Banca Monte dei Paschi di
Siena has asked at least eight banks to guarantee a
five billion euro ($5.49 billion) cash call as Italy's
third-largest bank races against the clock to comply with
regulators' demands to strengthen its balance sheet, a source
familiar with the matter told Reuters.
Read more
Siena has asked at least eight banks to guarantee a
five billion euro ($5.49 billion) cash call as Italy's
third-largest bank races against the clock to comply with
regulators' demands to strengthen its balance sheet, a source
familiar with the matter told Reuters.
Read more
Saudi cleaner fuels project harvests foreign bids to build
KHOBAR, Saudi Arabia, July 27 (Reuters) - Foreign
engineering companies have bid to build Saudi Aramco's
clean fuels project at the state oil giant's Ras
Tanura refinery, industry sources told Reuters.
Read more
engineering companies have bid to build Saudi Aramco's
clean fuels project at the state oil giant's Ras
Tanura refinery, industry sources told Reuters.
Read more
National Bank of Abu Dhabi Q2 net profit dips 4.8 pct, meets forecasts
DUBAI, July 27 (Reuters) - National Bank of Abu Dhabi
, the emirate's largest lender by assets, on Wednesday
posted a 4.8 percent fall in second-quarter net profit, broadly
in line with forecasts.
Read more
, the emirate's largest lender by assets, on Wednesday
posted a 4.8 percent fall in second-quarter net profit, broadly
in line with forecasts.
Read more
Nasdaq profit down 47.4 pct on acquisition, restructuring costs
July 27 (Reuters) - Trans-Atlantic exchange operator Nasdaq
Inc's quarterly profit slumped 47.4 percent due to
costs related to acquisitions and restructuring.
Read more
Inc's quarterly profit slumped 47.4 percent due to
costs related to acquisitions and restructuring.
Read more
WRAPUP 3-Abe's plan for $265 bln in stimulus puts pressure on BOJ to ease
TOKYO, July 27 (Reuters) - Japan's prime minister unveiled a
surprisingly large $265 billion stimulus package on Wednesday to
reflate the world's third-largest economy, adding pressure on
the central bank to match the measures with monetary stimulus
later this week.
Read more
surprisingly large $265 billion stimulus package on Wednesday to
reflate the world's third-largest economy, adding pressure on
the central bank to match the measures with monetary stimulus
later this week.
Read more
BRIEF-Poland's BZ WBK sees profit rise in 2016 before one-offs, tax
* Poland's third largest lender by assets, Banco Santander
unit BZ WBK, expects to post net profit rise this year
excluding one-offs and a newly implemented bank tax.
Read more
unit BZ WBK, expects to post net profit rise this year
excluding one-offs and a newly implemented bank tax.
Read more
BRIEF-N E M Insurance reports HY pre-tax profit of 1.33 bln naira
* HY ended June 2016 net premium income of 3.74 billion
naira versus 4.60 billion naira year ago
Read more
naira versus 4.60 billion naira year ago
Read more
MIDEAST STOCKS-Gulf moves little, Emaar retreats from chart barrier
DUBAI, July 27 (Reuters) - Gulf stock markets were little
moved in early trade on Wednesday, dampened by weak oil prices
and mixed second-quarter earnings in Saudi Arabia, while Dubai's
Emaar Properties again pulled back from major
technical resistance.
Read more
moved in early trade on Wednesday, dampened by weak oil prices
and mixed second-quarter earnings in Saudi Arabia, while Dubai's
Emaar Properties again pulled back from major
technical resistance.
Read more
Fitch Downgrades 7 Asian Insurers After Sovereigns Criteria Review
(The following statement was released by the rating agency)
SINGAPORE/HONG KONG, July 27 (Fitch) Fitch Ratings has
downgraded the Insurer
Financial Strength (IFS) ratings of seven insurance companies in
Asia by one
notch. The Outlook on these ratings is Stable.
The seven Asian insurers are:
- Etiqa Insurance Berhad (EIB)
- Etiqa Takaful Berhad (ETB)
- Etiqa Insurance Pte Ltd (EIPL)
- Malaysian Reinsurance Berhad (Malaysian Re)
- Muang Thai Life Assurance Public Company Limited (MTL)
- Thai Lif
Read more
SINGAPORE/HONG KONG, July 27 (Fitch) Fitch Ratings has
downgraded the Insurer
Financial Strength (IFS) ratings of seven insurance companies in
Asia by one
notch. The Outlook on these ratings is Stable.
The seven Asian insurers are:
- Etiqa Insurance Berhad (EIB)
- Etiqa Takaful Berhad (ETB)
- Etiqa Insurance Pte Ltd (EIPL)
- Malaysian Reinsurance Berhad (Malaysian Re)
- Muang Thai Life Assurance Public Company Limited (MTL)
- Thai Lif
Read more
BRIEF-Conwert Immobilien Invest says revaluation of portfolio results in gains of around EUR 95 mln
* Previously announced revaluation of portfolio as of June
30 has resulted in revaluation gains of around 95 million euros
($104.42 million)
Source text - http://bit.ly/2a784cC
Further company coverage:
($1 = 0.9098 euros)
(Gdynia Newsroom)
Read more
30 has resulted in revaluation gains of around 95 million euros
($104.42 million)
Source text - http://bit.ly/2a784cC
Further company coverage:
($1 = 0.9098 euros)
(Gdynia Newsroom)
Read more
BRIEF-Rathbone Brothers says assets up 4.8 pct in H1 from end-Dec
* Total funds under management at 30 June 2016 were 30.6
billion pounds ($40.21 billion), up 4.8 percent from
29.2 billion pounds at Dec. 31 2015
Read more
billion pounds ($40.21 billion), up 4.8 percent from
29.2 billion pounds at Dec. 31 2015
Read more
Tuesday, July 26, 2016
BRIEF-Impairment write-backs help push ptsb H1 profit to 117 mln euros
* H1 profit before exceptional items and tax 117 million
euros, an improvement of 116 million over H1 2015
Read more
euros, an improvement of 116 million over H1 2015
Read more
China's CNPC to cut 2016-2020 annual investment by around 40 pct - state media
BEIJING, July 27 (Reuters) - China National Petroleum Corp
(CNPC) will cut its annual investment between 2016 and 2020 to
about 260 billion yuan ($39 billion), down around 40 percent
from the 2011-2015 period, state media said on Wednesday.
Read more
(CNPC) will cut its annual investment between 2016 and 2020 to
about 260 billion yuan ($39 billion), down around 40 percent
from the 2011-2015 period, state media said on Wednesday.
Read more
Beijing's property sales surge 65 percent in 2015 - white paper
July 27 (Reuters) - Property sales in Beijing rose 64.8
percent in 2015, boosted by more favourable housing policies,
according to a real estate white paper released by the city's
government.
Read more
percent in 2015, boosted by more favourable housing policies,
according to a real estate white paper released by the city's
government.
Read more
MOVES-DBS names ex-UBS banker Poon as Southeast Asia head of private bank
SINGAPORE, July 27 (Reuters) - DBS Group Holdings,
Southeast Asia's biggest lender, said on Wednesday it has hired
former senior UBS private banker Joseph Poon to head
Southeast Asia for its private bank.
Read more
Southeast Asia's biggest lender, said on Wednesday it has hired
former senior UBS private banker Joseph Poon to head
Southeast Asia for its private bank.
Read more
Australia's High Court backs ANZ in fee class action
SYDNEY, July 27 (Reuters) - Australia and New Zealand
Banking Group on Wednesday won an appeal against a
six-year long court battle over allegedly unfair credit card
charges, in a major blow to customers involved in Australia's
biggest ever class action.
Read more
Banking Group on Wednesday won an appeal against a
six-year long court battle over allegedly unfair credit card
charges, in a major blow to customers involved in Australia's
biggest ever class action.
Read more
Taiwan stocks rise; TSMC, Hon Hai up on Apple results
TAIPEI, July 27 (Reuters) - Taiwan stocks rose on Wednesday,
led by gains in TSMC, Hon Hai Precision and
other Apple Inc suppliers after the U.S. company sold
more iPhones than expected in the third quarter.
Read more
led by gains in TSMC, Hon Hai Precision and
other Apple Inc suppliers after the U.S. company sold
more iPhones than expected in the third quarter.
Read more
UPDATE 1-LG Display guides for earnings recovery after Q2 slump
* LG investing $1.75 bln to boost flexible OLED production
(Updates with comments from LG Display, background)
Read more
(Updates with comments from LG Display, background)
Read more
Australia's AGL and state-owned funds establish renewables fund
SYDNEY, July 27 (Reuters) - Australia's second-largest
energy retailer AGL Energy Ltd said on Wednesday it had
set up the nation's largest renewable energy fund, worth A$2-3
billion, with Australia's sovereign wealth fund and a Queensland
government-owned fund.
Read more
energy retailer AGL Energy Ltd said on Wednesday it had
set up the nation's largest renewable energy fund, worth A$2-3
billion, with Australia's sovereign wealth fund and a Queensland
government-owned fund.
Read more
UPDATE 2-Energisa prices Brazil stock offering near ceiling amid heavy demand
SAO PAULO, July 26 (Reuters) - Energisa SA priced an
offering of new stock near the upper end of a suggested range on
Tuesday, signaling an upbeat industry outlook and strong
investor demand bolstered plans by Brazil's No. 6 power
distributor to cut debt.
Read more
offering of new stock near the upper end of a suggested range on
Tuesday, signaling an upbeat industry outlook and strong
investor demand bolstered plans by Brazil's No. 6 power
distributor to cut debt.
Read more
UPDATE 3-VW's $14.7 bln diesel U.S. emissions settlement clears hurdle
WASHINGTON, July 26 (Reuters) - Volkswagen AG's
$14.7 billion settlement of its U.S. diesel emissions cheating
scandal cleared another legal hurdle on Tuesday, as a federal
judge gave the automaker preliminary approval to buy back up to
475,000 vehicles.
Read more
$14.7 billion settlement of its U.S. diesel emissions cheating
scandal cleared another legal hurdle on Tuesday, as a federal
judge gave the automaker preliminary approval to buy back up to
475,000 vehicles.
Read more
UPDATE 1-Third Point's 1st-half returns boosted by energy credit investments
NEW YORK, July 26 (Reuters) - Dan Loeb's Third Point LLC
said on Tuesday that the firm's investments in energy credits
drove positive returns during the first half of the year and is
devoting over $1 billion to energy corporate credits.
Read more
said on Tuesday that the firm's investments in energy credits
drove positive returns during the first half of the year and is
devoting over $1 billion to energy corporate credits.
Read more
Brazil's Energisa prices offer at 18.5 reais, near ceiling
SAO PAULO, July 26 (Reuters) - Energisa SA priced on Tuesday
an offering of new stock near the upper end of a suggested
range, signaling a stronger industry outlook will bolster plans
by Brazil's No. 6 power distributor to cut debt.
Read more
an offering of new stock near the upper end of a suggested
range, signaling a stronger industry outlook will bolster plans
by Brazil's No. 6 power distributor to cut debt.
Read more
BRIEF-CNO Financial Group reports Q2 2016 results
* Continue to expect medicare supplement benefit ratio to be
in range of 70 percent to 73 percent during remainder of 2016
Read more
in range of 70 percent to 73 percent during remainder of 2016
Read more
UPDATE 2-OHL says it is in talks with fund over Mexico unit buyout
MADRID, July 26 (Reuters) - Spanish construction group OHL
confirmed on Tuesday it was in preliminary talks with
an unnamed investment fund over a joint bid to take its Mexican
unit private.
Read more
confirmed on Tuesday it was in preliminary talks with
an unnamed investment fund over a joint bid to take its Mexican
unit private.
Read more
BRIEF-CSB Bancorp Q2 earnings per share $0.59
* Qtrly net interest income increased $271 thousand in Q2 of
2016 compared to same period in 2015
Read more
2016 compared to same period in 2015
Read more
EU readies contingency plan for possible Monte Paschi wind down - source
BRUSSELS, July 26 (Reuters) - European Union authorities are
making contingency plans for the possible winding down of Banca
Monte dei Paschi if the Italian lender has a poor reading in
stress tests this week and no private or public support is
available, an EU official said.
Read more
making contingency plans for the possible winding down of Banca
Monte dei Paschi if the Italian lender has a poor reading in
stress tests this week and no private or public support is
available, an EU official said.
Read more
PRECIOUS-Gold climbs as dollar retreats as U.S. Fed meeting begins
* Dollar slips as yen rebounds on BoJ stimulus view
* Fed begins two-day meeting, statement due Wednesday
* Palladium rises to nine-month high
(Updates prices; adds comment, NEW YORK dateline, byline)
By Marcy Nicholson and Jan Harvey
NEW YORK/LONDON, July 26 (Reuters) - Gold rose on Tuesday as
the dollar fell, but remained hemmed into a range at the start
of a two-day U.S. Federal Reserve policy meeting which is being
closely watched for clues on the outlook for U.S. interest
Read more
* Fed begins two-day meeting, statement due Wednesday
* Palladium rises to nine-month high
(Updates prices; adds comment, NEW YORK dateline, byline)
By Marcy Nicholson and Jan Harvey
NEW YORK/LONDON, July 26 (Reuters) - Gold rose on Tuesday as
the dollar fell, but remained hemmed into a range at the start
of a two-day U.S. Federal Reserve policy meeting which is being
closely watched for clues on the outlook for U.S. interest
Read more
Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial
LONDON, July 26 (Reuters) - Goldman Sachs abused its
position as a trusted adviser to Libya's sovereign wealth fund,
a lawyer for the fund argued on Tuesday, in a case that has
subjected the bank's dealings to a forensic degree of scrutiny.
Read more
position as a trusted adviser to Libya's sovereign wealth fund,
a lawyer for the fund argued on Tuesday, in a case that has
subjected the bank's dealings to a forensic degree of scrutiny.
Read more
BRIEF-Republic Bank to buy Oak Mortgage Co
* Republic Bank to acquire Marlton-based Oak Mortgage
Company expands into residential mortgage lending
Read more
Company expands into residential mortgage lending
Read more
European shares pushed up by healthcare and consumer stocks
LONDON, July 26 (Reuters) - Gains in major healthcare and
consumer goods stocks propped up European equities on Tuesday,
partly offsetting persistent concerns over the region's banking
system.
Read more
consumer goods stocks propped up European equities on Tuesday,
partly offsetting persistent concerns over the region's banking
system.
Read more
Monte dei Paschi working on 5 bln euro cash call - source
MILAN, July 26 (Reuters) - Banca Monte dei Paschi di Siena
is working on a five billion euro ($5.5 billion)
capital increase as part of plans to fix its balance sheet, a
source said on Tuesday.
Read more
is working on a five billion euro ($5.5 billion)
capital increase as part of plans to fix its balance sheet, a
source said on Tuesday.
Read more
BRIEF-CRCAM Sud Rhone Alpes H1 net banking income up at 232.7 million euros
* H1 gross operating income 108.5 million euros versus 106
million euros ($116.4 million) a year ago
Read more
million euros ($116.4 million) a year ago
Read more
European shares propped up by healthcare and consumer stocks
MILAN/LONDON, July 26 (Reuters) - Gains in major healthcare
and consumer goods stocks propped up European equities on
Tuesday, offsetting persistent concerns over the region's
banking system.
Read more
and consumer goods stocks propped up European equities on
Tuesday, offsetting persistent concerns over the region's
banking system.
Read more
BRIEF-Abadon Real Estate to buy Murapol units in stock swap deal
* Signs agreement to buy 70 percent stake in Cross Bud Sp. z
o.o. and 100 percent of Murapol Architects Drive Sp. z o.o. from
Murapol SA
Read more
o.o. and 100 percent of Murapol Architects Drive Sp. z o.o. from
Murapol SA
Read more
Deutsche Boerse reaches 59.4 share approval of LSE deal ahead of deadline
FRANKFURT, July 26 (Reuters) - Deutsche Boerse
has won further backing among its shareholders for the planned
merger with the London Stock Exchange Group, with the
German exchange operator reporting a 59.4 percent approval rate
on Tuesday ahead of the 2200 GMT deadline.
Read more
has won further backing among its shareholders for the planned
merger with the London Stock Exchange Group, with the
German exchange operator reporting a 59.4 percent approval rate
on Tuesday ahead of the 2200 GMT deadline.
Read more
UPDATE 1-U.S. to sanction cyber attackers, cites Russia, China
WASHINGTON, July 26 (Reuters) - The United States will use
sanctions against those behind cyber attacks that target
transportation systems or the power grid, the White House said
on Tuesday, citing Russia and China as increasingly assertive
and sophisticated cyber operators.
Read more
sanctions against those behind cyber attacks that target
transportation systems or the power grid, the White House said
on Tuesday, citing Russia and China as increasingly assertive
and sophisticated cyber operators.
Read more
Hungarian central bank sees loose monetary conditions for extended period
BUDAPEST, July 26 (Reuters) - The current level of Hungary's
base rate at 0.9 percent and keeping loose monetary conditions
"for an extended period" is in line with the medium-term
achievement of the inflation target, the National Bank of
Hungary said in a statement on Tuesday.
Read more
base rate at 0.9 percent and keeping loose monetary conditions
"for an extended period" is in line with the medium-term
achievement of the inflation target, the National Bank of
Hungary said in a statement on Tuesday.
Read more
UPDATE 1-Hungary central bank holds base rate at record-low
BUDAPEST, July 26 (Reuters) - The National Bank of Hungary
left its base rate on hold at 0.9 percent on Tuesday, in
line with expectations, with its focus now geared towards
squeezing funds out of its main liquidity instrument to loosen
monetary conditions further.
Read more
left its base rate on hold at 0.9 percent on Tuesday, in
line with expectations, with its focus now geared towards
squeezing funds out of its main liquidity instrument to loosen
monetary conditions further.
Read more
UPDATE 2-Brewer AB InBev raises offer for rival SABMiller
* SABMiller reviewing stance with shareholders
(Adds more on SABMiller reaction, analyst comment)
Read more
(Adds more on SABMiller reaction, analyst comment)
Read more
UK banks show little demand for Bank of England liquidity funds
LONDON, July 26 (Reuters) - British financial institutions
showed very little appetite on Tuesday for liquidity from the
Bank of England, which allotted the smallest amount in a repo
operation since they began in their current form in February
2014.
Read more
showed very little appetite on Tuesday for liquidity from the
Bank of England, which allotted the smallest amount in a repo
operation since they began in their current form in February
2014.
Read more
Record bankruptcies pressure Brazil banks as recession bites
By Guillermo Parra-Bernal
SAO PAULO, July 26 (Reuters) - Brazil's harshest recession
in eight decades is prompting some of the nation's top banks to
reclassify some 90 billion reais ($27 billion) in problematic
corporate loans, eroding profits as banks struggle with a
doubling in bankruptcy protection filings.
Lenders face a deluge of requests to renegotiate existing
loans and stretch out guarantees as the economic crisis deprives
corporate borrowers of cash. Some companies, like rig lea
Read more
SAO PAULO, July 26 (Reuters) - Brazil's harshest recession
in eight decades is prompting some of the nation's top banks to
reclassify some 90 billion reais ($27 billion) in problematic
corporate loans, eroding profits as banks struggle with a
doubling in bankruptcy protection filings.
Lenders face a deluge of requests to renegotiate existing
loans and stretch out guarantees as the economic crisis deprives
corporate borrowers of cash. Some companies, like rig lea
Read more
Vontobel CEO caps private banking M&A deals at $20 bln in assets
ZURICH, July 26 (Reuters) - Swiss bank Vontobel is
open to making acquisitions in private banking but is unlikely
to pursue a deal involving assets of more than 20 billion Swiss
francs ($20.3 billion), Chief Executive Zeno Staub told Reuters
on Tuesday.
Read more
open to making acquisitions in private banking but is unlikely
to pursue a deal involving assets of more than 20 billion Swiss
francs ($20.3 billion), Chief Executive Zeno Staub told Reuters
on Tuesday.
Read more
UPDATE 1-Ofcom orders BT to run network division as separate company
LONDON, July 26 (Reuters) - British regulator Ofcom on
Tuesday said BT's network division should become a
legally separate company within the telecoms group, to improve
broadband coverage and avoid the need for a full break-up of the
firm.
Read more
Tuesday said BT's network division should become a
legally separate company within the telecoms group, to improve
broadband coverage and avoid the need for a full break-up of the
firm.
Read more
BRIEF-Denge Yatirim Holding to buyback up to 500,000 shares
* To launch buyback program for up to 500,000 shares and up
to amount of 1.0 million lira ($330,676.90)
Read more
to amount of 1.0 million lira ($330,676.90)
Read more
BRIEF-FCA proposes credit card market reforms to aid consumers
* Financial conduct authority (fca) has today published
final findings of its study of credit card market, and set out a
package of measures, which include a series of industry led
proposals, to help consumers take better control of their
spending and repay debt faster.
Read more
final findings of its study of credit card market, and set out a
package of measures, which include a series of industry led
proposals, to help consumers take better control of their
spending and repay debt faster.
Read more
Monday, July 25, 2016
BRIEF-Gecina updates on offer for Foncière de Paris
* Announced on Monday there is no area for bidding regarding
its offer for Foncière de Paris, company which is also
aimed by Eurosic
Read more
its offer for Foncière de Paris, company which is also
aimed by Eurosic
Read more
BRIEF-Icade H1 group net current cash flow up at 145.9 million euros
* H1 group net current cash flow 145.9 million euros
($160.64 million) versus 143.8 million euros year ago
Read more
($160.64 million) versus 143.8 million euros year ago
Read more
BRIEF-Novavest Real Estate plans capital increase
* Rights offering to existing shareholders in the maximum
amount of 30.07 million Swiss francs ($30.52 million)
Read more
amount of 30.07 million Swiss francs ($30.52 million)
Read more
TABLE-Qatar Q2 earnings estimates
(Adds Vodafone Qatar estimate)
July 26 (Reuters) - COMMERCIAL BANK OF QATAR - Following are
second-quarter net profit estimates for Commercial Bank of Qatar
in millions of riyals.
Q2 2016 %change
EFG Hermes 347.18 -39.33
SICO Bahrain 311.80 -45.51
QNB Financial Services 320.60 -43.98
HSBC 404.00 -29.40
Arqaam Capital 314.00 -45.13
Read more
BRIEF-HFF Q2 earnings per share $0.41
* "transaction volumes in U.S. Commercial real estate
industry for Q2 and first six months of 2016 were lower as
compared to same periods in 2015"
Read more
industry for Q2 and first six months of 2016 were lower as
compared to same periods in 2015"
Read more
GLOBAL MARKETS-Asia shares slip, yen gains as uncertainty grips
SYDNEY, July 26 (Reuters) - Caution gripped Asian markets on
Tuesday, sending the safe-haven yen higher ahead of central bank
meetings in the United States and Japan, while a fresh skid in
oil dampened energy stocks on Wall Street.
Read more
Tuesday, sending the safe-haven yen higher ahead of central bank
meetings in the United States and Japan, while a fresh skid in
oil dampened energy stocks on Wall Street.
Read more
China's local government bond risks flow to yield-hungry foreign buyers
HONG KONG, July 26 (Reuters) - A combination of towering
leverage, stunted cash flows and illusory guarantees could
deliver a salutary lesson to foreign investors dabbling in the
rising flow of bonds from Chinese local governments onto global
markets.
Read more
leverage, stunted cash flows and illusory guarantees could
deliver a salutary lesson to foreign investors dabbling in the
rising flow of bonds from Chinese local governments onto global
markets.
Read more
COLUMN-Ongoing shareholder suit could be snag for Yahoo sale: Frankel
NEW YORK July 25 (Reuters) - Yahoo announced plans Monday to
sell its Internet communications business to Verizon for $4.83
billion while retaining its $40 billion stakes in Yahoo Japan
and Alibaba, the Chinese online retailer. After the Verizon deal
closes, Yahoo intends to rename itself and register with the
U.S. Securities and Exchange Commission as an investment
company.
Read more
sell its Internet communications business to Verizon for $4.83
billion while retaining its $40 billion stakes in Yahoo Japan
and Alibaba, the Chinese online retailer. After the Verizon deal
closes, Yahoo intends to rename itself and register with the
U.S. Securities and Exchange Commission as an investment
company.
Read more
BRIEF-Homestreet inc qtrly earnings per share $0.87
* Qtrly core net income of $22.4 million, or $0.90 per
diluted share
Source text for Eikon:
Further company coverage:
Read more
diluted share
Source text for Eikon:
Further company coverage:
Read more
MOVES-Lazard, HSBC, CIBC, PWC, Deutsche Bank, UBS
July 25 (Reuters) - The following financial services
industry appointments were announced on Monday. To inform us of
other job changes, email moves@thomsonreuters.com.
Read more
industry appointments were announced on Monday. To inform us of
other job changes, email moves@thomsonreuters.com.
Read more
UPDATE 1-Hedge fund Marcato takes stake in Buffalo Wild Wings
BOSTON, July 25 (Reuters) - Activist hedge fund Marcato
Capital Management said on Monday it had acquired a 5.1 percent
stake in casual restaurant chain Buffalo Wild Wings, sending the
company's share price up as much as 4.5 percent.
Read more
Capital Management said on Monday it had acquired a 5.1 percent
stake in casual restaurant chain Buffalo Wild Wings, sending the
company's share price up as much as 4.5 percent.
Read more
Weather disasters raise conflict risk in multi-ethnic nations - study
OSLO, July 25 (Reuters) - Multi-ethnic nations are
vulnerable to armed conflicts after weather disasters such as
heatwaves and droughts in a trend that could worsen with global
warming, scientists said on Monday.
Read more
vulnerable to armed conflicts after weather disasters such as
heatwaves and droughts in a trend that could worsen with global
warming, scientists said on Monday.
Read more
U.S. financial stability faces threat from Brexit - U.S. monitor
WASHINGTON, July 25 (Reuters) - The U.S. financial system
faces greater potential instability due to Britain's decision to
leave the European Union while low and negative interest rates
also raise risks, a U.S. government monitor said on Monday.
Read more
faces greater potential instability due to Britain's decision to
leave the European Union while low and negative interest rates
also raise risks, a U.S. government monitor said on Monday.
Read more
BRIEF-Wells Fargo issued $600 million floating rate notes and $3 billion 2.10% notes
* Says issued $600 million floating rate notes due July 26,
2016 and $3 billion 2.10% notes due July 26, 2016 - SEC Filing
Source - http://bit.ly/29VkDv1
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
2016 and $3 billion 2.10% notes due July 26, 2016 - SEC Filing
Source - http://bit.ly/29VkDv1
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
UPDATE 2-U.S. judge faults Uber, bans background check in NY lawsuit
NEW YORK, July 25 (Reuters) - A federal judge on Monday
banned Uber Technologies Inc and its Chief Executive Travis
Kalanick from using information from a background check on a
passenger bringing a price-fixing lawsuit, saying the
investigative firm conducting the probe may have engaged in
criminal conduct.
Read more
banned Uber Technologies Inc and its Chief Executive Travis
Kalanick from using information from a background check on a
passenger bringing a price-fixing lawsuit, saying the
investigative firm conducting the probe may have engaged in
criminal conduct.
Read more
BRIEF-Ptarmagin LLC sells 37,500 shares of Skullcandy pursuant to stock trading plan
July 25 (Reuters) - Ptarmagin Llc Reports Open Market Sale
Of 37,500 Shares Of Skullcandy Inc's
Read more
Of 37,500 Shares Of Skullcandy Inc's
Read more
EBRD says considering buying a stake in Slovenian bank NLB
LJUBLJANA, July 25 (Reuters) - The European Bank for
Reconstruction and Development (EBRD) said on Monday it
would consider buying a stake in Slovenia's largest bank, Nova
Ljubljanska Banka (NLB), in the lender's stock market flotation
planned for later this year.
Read more
Reconstruction and Development (EBRD) said on Monday it
would consider buying a stake in Slovenia's largest bank, Nova
Ljubljanska Banka (NLB), in the lender's stock market flotation
planned for later this year.
Read more
Judge bans Uber use of background checks in NY lawsuit
NEW YORK, July 25 (Reuters) - A federal judge on Monday
banned Uber Technologies Inc and its Chief Executive Travis
Kalanick from using information obtained by an investigative
firm in a background check of a plaintiff who brought a
price-fixing lawsuit.
Read more
banned Uber Technologies Inc and its Chief Executive Travis
Kalanick from using information obtained by an investigative
firm in a background check of a plaintiff who brought a
price-fixing lawsuit.
Read more
BRIEF-Fitch: Brexit vote puts UK banks' resilience to test
* Fitch On UK Banks' - Outcome of EU referendum will create
a challenging macro-environment with negative implications for
UK banks' domestic operations
Source text for Eikon:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
a challenging macro-environment with negative implications for
UK banks' domestic operations
Source text for Eikon:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
UPDATE 2-Ericsson ousts CEO after poor results
* Search for CEO likely to take "many months" - chairman
(Recasts, adds detail, background, analysts, shares)
Read more
(Recasts, adds detail, background, analysts, shares)
Read more
BRIEF-Performance Sports anticipates appointing Paul Desmarais III to its board
* Anticipates appointing Paul Desmarais III, chairman of
Sagard Capital Partners Management Corp, to its board of
directors
Read more
Sagard Capital Partners Management Corp, to its board of
directors
Read more
UPDATE 1-Verizon to buy Yahoo's core business for $4.83 billion
July 25 (Reuters) - Verizon Communications Inc said
Monday it would buy Yahoo Inc's core internet
properties for $4.83 billion in cash to expand its digital
advertising and media business, in a deal that ends a lengthy
sale process for the fading Web pioneer.
Read more
Monday it would buy Yahoo Inc's core internet
properties for $4.83 billion in cash to expand its digital
advertising and media business, in a deal that ends a lengthy
sale process for the fading Web pioneer.
Read more
BRIEF-Fujian Start to buy 91.1 pct stake in tech firm for 410 mln yuan
* Says it plans to buy 91.1 percent stake in tech firm for
410 million yuan ($61.39 million) via cash, share issue
Read more
410 million yuan ($61.39 million) via cash, share issue
Read more
BRIEF-Shanghai AJ Group's shares to halt trading from July 26 pending announcement
* Says shares to halt trading from July 26 pending
announcement related to share private placement
Read more
announcement related to share private placement
Read more
China Vanke tussle is big test for new securities regulator
HONG KONG, July 25 (Reuters) - A bitter shareholder row at
China's largest property developer is a first big test for the
country's new securities chief, appointed earlier this year to
heal the wounds of last year's stock market meltdown and restore
investor confidence.
Read more
China's largest property developer is a first big test for the
country's new securities chief, appointed earlier this year to
heal the wounds of last year's stock market meltdown and restore
investor confidence.
Read more
BRIEF-Abadon Real Estate updates on implementation of reorganization plan
* Said on Friday that its sole shareholder, Murapol SA,
plans to vote on Abadon Real Estate shareholders' general
meeting for the increase of the company's capital via the issue
of 7,066,000 new shares to Murapol
Read more
plans to vote on Abadon Real Estate shareholders' general
meeting for the increase of the company's capital via the issue
of 7,066,000 new shares to Murapol
Read more
Speedy Hire investor Toscafund calls for removal of executive chairman
July 25 (Reuters) - Hire group Speedy Hire Plc said
investor Toscafund Asset Management LLP has requested a general
meeting to call for the removal of Executive Chairman Jan
Astrand.
Read more
investor Toscafund Asset Management LLP has requested a general
meeting to call for the removal of Executive Chairman Jan
Astrand.
Read more
Sunday, July 24, 2016
Hammerson says UK property market facing uncertainty after Brexit vote
July 25 (Reuters) - Shopping centre landlord Hammerson Plc
said on Monday the impact of Britain's decision to
leave the European Union on property valuations was still
unknown, but the lettings and investment markets were facing a
period of uncertainty.
Read more
said on Monday the impact of Britain's decision to
leave the European Union on property valuations was still
unknown, but the lettings and investment markets were facing a
period of uncertainty.
Read more
Sri Lankan rupee edges up on bank dollar sales; stocks slip
COLOMBO, July 25 (Reuters) - The Sri Lankan rupee edged up
on Monday as dollar selling by a state-run bank surpassed
importer demand for the greenback, dealers said.
Read more
on Monday as dollar selling by a state-run bank surpassed
importer demand for the greenback, dealers said.
Read more
Turkish banking watchdog cancels operating rights of Bank Asya
ISTANBUL, July 25 (Reuters) - Turkey's banking watchdog
(BDDK) has cancelled the operating rights of Islamic lender Bank
Asya as of Friday, Bank Asya said.
Read more
(BDDK) has cancelled the operating rights of Islamic lender Bank
Asya as of Friday, Bank Asya said.
Read more
Morning News Call - India, July 25
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07252016.pdf
FACTORS TO WATCH
11:00 am: Monsoon session of parliament continues in New Delhi.
GMF EMEA - FX WEEK AHEAD with Reuters FX analyst Jeremy Boulton
Join 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.
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07252016.pdf
FACTORS TO WATCH
11:00 am: Monsoon session of parliament continues in New Delhi.
GMF EMEA - FX WEEK AHEAD with Reuters FX analyst Jeremy Boulton
Join 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.
Read more
惠譽確認元大集團評等為’BBB+’；評等展望穩定
(The following statement was released by the rating agency)
TAIPEI, July 24 (Fitch)
惠譽國際信用評等公司今日確認元大金融控股公司(元大金)及其子公司的長期外幣發行人違約評等為‘BBB+’，子公司包括元大證券(元大證)與元大商業銀行(元大銀)，評
等展望為穩定。同時，惠譽亦將集團三家公司之評等移出負向評等觀察名單。詳細的評等結果列示於本新聞稿末。
惠譽在2015年8月19日將元大集團置入負向評等觀察名單，係因該公司宣布收購大眾商業銀行(大眾銀)百分之百股權之計畫，此併購可能弱化其集團之財務實力與併發策略執
行相關之風險。
元大金在今年3月22日併入大眾銀，並計畫在2017年上半年將大眾銀與元大銀合併為新元大銀行。
評等考量
發行人違約評等(IDR)、國內評等與債券評等
惠譽將元大集團自負向評等觀察名單中移出，並同時確認評等，反映集團整體市場地位提升，與其目前評等水準相稱之健全的財務體質。惠譽認為集團成員間高度相關，於同一信用體
質之下，因此給予其相同的評等。
惠譽以共同評等法來評估該集團，基於其多
Read more
TAIPEI, July 24 (Fitch)
惠譽國際信用評等公司今日確認元大金融控股公司(元大金)及其子公司的長期外幣發行人違約評等為‘BBB+’，子公司包括元大證券(元大證)與元大商業銀行(元大銀)，評
等展望為穩定。同時，惠譽亦將集團三家公司之評等移出負向評等觀察名單。詳細的評等結果列示於本新聞稿末。
惠譽在2015年8月19日將元大集團置入負向評等觀察名單，係因該公司宣布收購大眾商業銀行(大眾銀)百分之百股權之計畫，此併購可能弱化其集團之財務實力與併發策略執
行相關之風險。
元大金在今年3月22日併入大眾銀，並計畫在2017年上半年將大眾銀與元大銀合併為新元大銀行。
評等考量
發行人違約評等(IDR)、國內評等與債券評等
惠譽將元大集團自負向評等觀察名單中移出，並同時確認評等，反映集團整體市場地位提升，與其目前評等水準相稱之健全的財務體質。惠譽認為集團成員間高度相關，於同一信用體
質之下，因此給予其相同的評等。
惠譽以共同評等法來評估該集團，基於其多
Read more
惠譽調升凱基銀行個別實力評等為'bbb'; 評等展望穩定
(The following statement was released by the rating agency)
TAIPEI, July 24 (Fitch)
惠譽國際信用評等公司今日將凱基銀行(凱基銀)的評等展望由負向調整為穩定，並確認該行長期發行人違約評等為‘BBB’。同時，惠譽將其個別實力評等由‘bb+’調升為‘
bbb’。詳細的評等結果列示於本新聞稿末。
評等考量
發行人違約評等(IDR) 、國內評等與個別實力評等
凱基銀的發行人違約評等(IDR)與國內評等展望由負向調整為穩定，乃因中華開發金融控股公司(開發金)適當的管理其風險胃納於穩定的水準並著重於強化子公司間未來跨售的
契機。開發金旗下包含凱基銀，凱基證券(凱基證)與中華開發工業銀行(開發工銀)等主要子公司。惠譽預期集團在當前越趨疲弱的經濟環境下積極擴張的可能性較低。然而，凱基
銀的成長偏好仍高於同業；該行放款在2016年上半年約成長7%。
凱基銀的展望調整，亦反映惠譽認為凱基銀之資產品質實屬適切，主要包括大型企業放款以及良好信評的債券部位。凱基銀之資產與股東權益在2015年底分別佔集團約61%與3
2%
Read more
TAIPEI, July 24 (Fitch)
惠譽國際信用評等公司今日將凱基銀行(凱基銀)的評等展望由負向調整為穩定，並確認該行長期發行人違約評等為‘BBB’。同時，惠譽將其個別實力評等由‘bb+’調升為‘
bbb’。詳細的評等結果列示於本新聞稿末。
評等考量
發行人違約評等(IDR) 、國內評等與個別實力評等
凱基銀的發行人違約評等(IDR)與國內評等展望由負向調整為穩定，乃因中華開發金融控股公司(開發金)適當的管理其風險胃納於穩定的水準並著重於強化子公司間未來跨售的
契機。開發金旗下包含凱基銀，凱基證券(凱基證)與中華開發工業銀行(開發工銀)等主要子公司。惠譽預期集團在當前越趨疲弱的經濟環境下積極擴張的可能性較低。然而，凱基
銀的成長偏好仍高於同業；該行放款在2016年上半年約成長7%。
凱基銀的展望調整，亦反映惠譽認為凱基銀之資產品質實屬適切，主要包括大型企業放款以及良好信評的債券部位。凱基銀之資產與股東權益在2015年底分別佔集團約61%與3
2%
Read more
惠譽確認日盛金控評等 ’BB+’; 展望穩定
(The following statement was released by the rating agency)
TAIPEI, July 24 (Fitch)
惠譽今日確認日盛金融控股公司(日盛金)及其子公司日盛國際商業銀行(日盛銀)的所有評等。同時，惠譽亦調降與日盛證券股份有限公司(日盛證)的評等並將其移出負向評等觀
察名單。所有評等展望均為穩定。
惠譽在2016年5月18日將日盛證置入負向評等觀察名單，此乃根據惠譽重新評估日盛集團整體信用體質的結果。詳細的評等結果列示於本新聞稿末。
評等考量
發行人違約評等(IDR)與國內評等
惠譽確認日盛金與日盛銀的評等，並調降日盛證的評等，主因惠譽改變其檢視集團整體體質的作法，並授予集團所有成員相同之評等。過去以來，惠譽以日盛證作為集團評等的基準，
旗下各子公司之評等均以此基準再參酌個別信用體質而來。然而，日盛銀對集團的規模與獲利貢獻度頗具影響力，而造成此基準評等法無法適用。日盛金合併資產約有85%來自日盛
銀，15%來自日盛證。
惠譽重新審視日盛集團，以反映其內部管理的高度整合、主管機關合併監管，以及子公司流動性與資本的相互支
Read more
TAIPEI, July 24 (Fitch)
惠譽今日確認日盛金融控股公司(日盛金)及其子公司日盛國際商業銀行(日盛銀)的所有評等。同時，惠譽亦調降與日盛證券股份有限公司(日盛證)的評等並將其移出負向評等觀
察名單。所有評等展望均為穩定。
惠譽在2016年5月18日將日盛證置入負向評等觀察名單，此乃根據惠譽重新評估日盛集團整體信用體質的結果。詳細的評等結果列示於本新聞稿末。
評等考量
發行人違約評等(IDR)與國內評等
惠譽確認日盛金與日盛銀的評等，並調降日盛證的評等，主因惠譽改變其檢視集團整體體質的作法，並授予集團所有成員相同之評等。過去以來，惠譽以日盛證作為集團評等的基準，
旗下各子公司之評等均以此基準再參酌個別信用體質而來。然而，日盛銀對集團的規模與獲利貢獻度頗具影響力，而造成此基準評等法無法適用。日盛金合併資產約有85%來自日盛
銀，15%來自日盛證。
惠譽重新審視日盛集團，以反映其內部管理的高度整合、主管機關合併監管，以及子公司流動性與資本的相互支
Read more
BRIEF-Zhe Jiang Dong Ri cuts share issue size to 800 mln yuan from 1.1 bln yuan
* Says it cuts share issue size to 800 million yuan from 1.1
billion yuan in private placement, to fund acquisitions and
project
Read more
billion yuan in private placement, to fund acquisitions and
project
Read more
Philip Green alone responsible for BHS collapse - UK lawmakers
LONDON, July 25 (Reuters) - Retail tycoon Philip Green's
greed and disregard for corporate governance led to the demise
of BHS and the loss of 11,000 jobs, a joint parliamentary
committee said, calling the collapse of the British stores group
"the unacceptable face of capitalism."
Read more
greed and disregard for corporate governance led to the demise
of BHS and the loss of 11,000 jobs, a joint parliamentary
committee said, calling the collapse of the British stores group
"the unacceptable face of capitalism."
Read more
More Chinese buyers enquire about UK property after Brexit vote
July 25 (Reuters) - Interest among Chinese buyers in buying
UK property has surged since Britain voted to leave the European
Union last month, as the pound's slide has created opportunities
to buy at a discount, real estate website juwai.com said on
Monday.
Read more
UK property has surged since Britain voted to leave the European
Union last month, as the pound's slide has created opportunities
to buy at a discount, real estate website juwai.com said on
Monday.
Read more
UPDATE 1-Box Office: 'Star Trek Beyond' Racks Up Solid $59.6 Million, 'Lights Out' Scores
LOS ANGELES, July 24 (Variety.com) - "Star Trek Beyond"
debuted to a solid $59.6 million this weekend, signaling that
after six television series, 13 movies and 50 years in the pop
culture conversation, there's still life left in one of
Hollywood's most durable franchises.
Read more
debuted to a solid $59.6 million this weekend, signaling that
after six television series, 13 movies and 50 years in the pop
culture conversation, there's still life left in one of
Hollywood's most durable franchises.
Read more
Box Office: 'Star Trek Beyond' Racks Up Solid $59.6 Million, 'Lights Out' Scores
LOS ANGELES, July 24(Variety.com) - "Star Trek Beyond"
debuted to a solid $59.6 million this weekend, signaling that
after six television series, 13 movies, and 50 years in the pop
culture conversation, there's still life left in one of
Hollywood's most durable franchises.
Read more
debuted to a solid $59.6 million this weekend, signaling that
after six television series, 13 movies, and 50 years in the pop
culture conversation, there's still life left in one of
Hollywood's most durable franchises.
Read more
MIDEAST STOCKS-Gulf retreats as oil's fall outweighs Q2 earnings
DUBAI, July 24 (Reuters) - Gulf stock markets declined on
Sunday as sharp falls in oil prices late last week outweighed a
few positive corporate earnings in Saudi Arabia.
Read more
Sunday as sharp falls in oil prices late last week outweighed a
few positive corporate earnings in Saudi Arabia.
Read more
Kuwait's Gulf Bank Q2 net profit rises 34.4 pct
DUBAI, July 24 (Reuters) - Gulf Bank, Kuwait's
fourth-largest lender by assets, reported a 34.4 percent rise in
second-quarter net profit on Sunday, as income from fees and
investments edged higher.
Read more
fourth-largest lender by assets, reported a 34.4 percent rise in
second-quarter net profit on Sunday, as income from fees and
investments edged higher.
Read more
Olympics-The easiest thing to win at Rio Games? A ticket.
NEW YORK, July 24 (Reuters) - Over the past few weeks, one
U.S. marketing executive's phone has been ringing hot with
offers that many sports fans could only dream of: an
all-expenses-paid trip to watch the Olympic Games in Rio de
Janeiro next month.
Read more
U.S. marketing executive's phone has been ringing hot with
offers that many sports fans could only dream of: an
all-expenses-paid trip to watch the Olympic Games in Rio de
Janeiro next month.
Read more
Ex-Wall Street banker accused of insider tips to father faces trial
NEW YORK, July 24 (Reuters) - Federal prosecutors in
Manhattan are set to face off with a former Wall Street
investment banker in their first insider trading trial since a
U.S. appeals court curtailed their ability to pursue such cases.
Read more
Manhattan are set to face off with a former Wall Street
investment banker in their first insider trading trial since a
U.S. appeals court curtailed their ability to pursue such cases.
Read more
MIDEAST STOCKS-Gulf bourses soft as oil's fall outweighs Q2 earnings
DUBAI, July 24 (Reuters) - Gulf stock markets were soft in
early trade on Sunday as weaker oil prices at the end of last
week outweighed a few positive corporate earnings in Saudi
Arabia.
Read more
early trade on Sunday as weaker oil prices at the end of last
week outweighed a few positive corporate earnings in Saudi
Arabia.
Read more
Jordan's Arab Bank says H1 net profit $424.9 mln
AMMAN, July 24 (Reuters) - Jordan's largest lender, Arab
Bank Group, reported a first-half net profit of
$424.9 million, barely changed from $422.9 million in the same
period last year.
Read more
Bank Group, reported a first-half net profit of
$424.9 million, barely changed from $422.9 million in the same
period last year.
Read more
Corporate raiders seek Brexit bargains in Britain
LONDON, July 24 (Reuters) - Overseas buyers lured by a
plunge in the pound are looking to snare British companies on
the cheap, ensuring a steady flow of deals since Britain voted
to leave the European Union and defying expectations of an M&A
drought.
Read more
plunge in the pound are looking to snare British companies on
the cheap, ensuring a steady flow of deals since Britain voted
to leave the European Union and defying expectations of an M&A
drought.
Read more
MIDEAST STOCKS-Saudi Kayan Q2 bullish but oil price weak
DUBAI, July 24 (Reuters) - Saudi Arabia's stock market
may be buoyed by strong earnings from a petrochemical
company on Sunday but weak oil prices look set to limit gains,
while most other Saudi earnings were in line with expectations.
Read more
may be buoyed by strong earnings from a petrochemical
company on Sunday but weak oil prices look set to limit gains,
while most other Saudi earnings were in line with expectations.
Read more
Saturday, July 23, 2016
Italy banking fund could buy small lenders to prevent firesale -chairman
ROME, July 23 (Reuters) - The chairman of Italy's interbank
investor-guarantee fund said on Saturday his group could buy
four small lenders rescued last year to prevent them from being
sold at firesale prices, according to a newspaper interview.
Read more
investor-guarantee fund said on Saturday his group could buy
four small lenders rescued last year to prevent them from being
sold at firesale prices, according to a newspaper interview.
Read more
Japan FinMin Aso: Closely watching China's economy, falling yuan
CHENGDU, China, July 23 (Reuters) - Japanese Finance
Minister Taro Aso said on Saturday that he was closely watching
China's economy and declines in the yuan as the impact of
Britain's vote to leave the European Union dominated a gathering
of the Group of 20 leading economies.
Read more
Minister Taro Aso said on Saturday that he was closely watching
China's economy and declines in the yuan as the impact of
Britain's vote to leave the European Union dominated a gathering
of the Group of 20 leading economies.
Read more
UPDATE 1-Tropical Storm Darby nears Hawaii, emergency declared
July 23 (Reuters) - Tropical Storm Darby bore down on Hawaii
on Saturday, prompting its governor to declare an emergency over
a storm expected to make landfall with strong winds and heavy
rain later in the day.
Read more
on Saturday, prompting its governor to declare an emergency over
a storm expected to make landfall with strong winds and heavy
rain later in the day.
Read more
Europe to tell G20 UK economy, banks are resilient despite Brexit
CHENGDU, China, July 23 (Reuters) - Britain's vote to leave
the European Union may dampen global growth, but European
fundamentals are strong and the British economy and banking
sector are resilient, European financial leaders will tell their
counterparts from the biggest economies on Saturday.
Read more
the European Union may dampen global growth, but European
fundamentals are strong and the British economy and banking
sector are resilient, European financial leaders will tell their
counterparts from the biggest economies on Saturday.
Read more
Hawaii issues emergency proclamation ahead of Tropical Storm Darby
July 23 (Reuters) - Hawaii Governor David Ige on Friday
issued an emergency proclamation ahead of the arrival of
Tropical Storm Darby, a storm that could reach land over the
next day bringing with it heavy rains and strong wind.
Read more
issued an emergency proclamation ahead of the arrival of
Tropical Storm Darby, a storm that could reach land over the
next day bringing with it heavy rains and strong wind.
Read more
U.S. Treasury's Lew says strongly supports Turkish govt
CHENGDU, China, July 23 (Reuters) - U.S. Treasury Secretary
Jack Lew said the United States strongly supports the Turkish
government and urged it to investigate the failed coup in a way
that reinforces public confidence in democratic institutions and
promotes economic stability.
Read more
Jack Lew said the United States strongly supports the Turkish
government and urged it to investigate the failed coup in a way
that reinforces public confidence in democratic institutions and
promotes economic stability.
Read more
Friday, July 22, 2016
REFILE-UPDATE 2-Hershey Trust reaches in-principle reform agreement
July 22 (Reuters) - The board of the charitable trust that
controls Hershey Co said on Friday it had reached an
in-principle agreement with the Pennsylvania Attorney General's
office that would avoid a legal row in exchange for reforms in
how it is run.
Read more
controls Hershey Co said on Friday it had reached an
in-principle agreement with the Pennsylvania Attorney General's
office that would avoid a legal row in exchange for reforms in
how it is run.
Read more
UPDATE 2-Judge tentatively rejects bid to toss Trump University lawsuit
SAN DIEGO, July 22 (Reuters) - A U.S. judge on Friday
tentatively rejected Republican presidential nominee Donald
Trump's bid to dismiss a lawsuit by Trump University students
who said they were defrauded through its real-estate seminars.
Read more
tentatively rejected Republican presidential nominee Donald
Trump's bid to dismiss a lawsuit by Trump University students
who said they were defrauded through its real-estate seminars.
Read more
DEALTALK-U.S. government's bid to block insurance mergers could spawn new ones
July 22 (Reuters) - The potential bust-up of two mega deals
among America's largest health insurance companies may have an
unintended result - more mergers.
Read more
among America's largest health insurance companies may have an
unintended result - more mergers.
Read more
Brazil court picks PricewaterhouseCoopers as Oi bankruptcy administrator
SAO PAULO, July 22 (Reuters) - A Brazilian judge overseeing
the bankruptcy protection process of phone carrier Oi SA
on Friday named auditing and advisory firm
PricewaterhouseCoopers as the company's in-court administrator.
Read more
the bankruptcy protection process of phone carrier Oi SA
on Friday named auditing and advisory firm
PricewaterhouseCoopers as the company's in-court administrator.
Read more
UPDATE 1-SEC speeds up listing process for some ETFs
July 22 (Reuters) - The U.S. Securities and Exchange
Commission on Friday approved listing standards for some
exchange-traded funds, paving the way for issuers to bring funds
to the market in weeks instead of months.
Read more
Commission on Friday approved listing standards for some
exchange-traded funds, paving the way for issuers to bring funds
to the market in weeks instead of months.
Read more
Fitch Reviews Thailand's Ratings, Applies Criteria Changes
(The following statement was released by the rating agency)
HONG KONG, July 22 (Fitch) Fitch Ratings has downgraded
Thailand's Long-Term
Local Currency (LTLC) IDR to 'BBB+' from 'A-' and affirmed the
Long-Term Foreign
Currency (LTFC) IDR at 'BBB+'. The Outlooks are Stable.
Thailand's senior local
currency bonds have been downgraded to 'BBB+' from 'A-'. The
Country Ceiling has
been affirmed at 'A-' and the Short-Term Foreign Currency (STFC)
IDR at 'F2'.
Fitch has assigned a new Short-term Lo
Read more
HONG KONG, July 22 (Fitch) Fitch Ratings has downgraded
Thailand's Long-Term
Local Currency (LTLC) IDR to 'BBB+' from 'A-' and affirmed the
Long-Term Foreign
Currency (LTFC) IDR at 'BBB+'. The Outlooks are Stable.
Thailand's senior local
currency bonds have been downgraded to 'BBB+' from 'A-'. The
Country Ceiling has
been affirmed at 'A-' and the Short-Term Foreign Currency (STFC)
IDR at 'F2'.
Fitch has assigned a new Short-term Lo
Read more
SEC speeds up listing process for some ETFs
July 22 (Reuters) - The U.S. Securities and Exchange
Commission on Friday approved listing standards for some
exchange-traded funds, paving the way for issuers to bring funds
to the market in weeks instead of months.
Read more
Commission on Friday approved listing standards for some
exchange-traded funds, paving the way for issuers to bring funds
to the market in weeks instead of months.
Read more
Fitch Applies Criteria Changes to Lithuania's Ratings
(The following statement was released by the rating agency)
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Lithuania's
Long-Term Local
Currency (LTLC) IDR at 'A-' with a Stable Outlook. The issue
ratings on
Lithuania's long-term senior unsecured local currency bonds have
also been
affirmed at 'A-'. The Short-Term Foreign Currency (STFC) IDR has
been affirmed
at 'F1' and a new Short-Term Local Currency (STLC) IDR of 'F1'
has been
assigned.
Under EU credit rating agency (CRA) regulation,
Read more
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Lithuania's
Long-Term Local
Currency (LTLC) IDR at 'A-' with a Stable Outlook. The issue
ratings on
Lithuania's long-term senior unsecured local currency bonds have
also been
affirmed at 'A-'. The Short-Term Foreign Currency (STFC) IDR has
been affirmed
at 'F1' and a new Short-Term Local Currency (STLC) IDR of 'F1'
has been
assigned.
Under EU credit rating agency (CRA) regulation,
Read more
Fitch Applies Criteria Changes to Azerbaijan's Ratings
(The following statement was released by the rating agency)
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Azerbaijan's
Long-Term Local
Currency (LTLC) IDR at 'BB+' with a Negative Outlook. The
Short-Term Foreign
Currency (STFC) IDR has been affirmed at 'B' and a new
Short-Term Local Currency
(STLC) IDR of 'B' has been assigned.
Under EU credit rating agency (CRA) regulation, the publication
of sovereign
reviews is subject to restrictions and must take place according
to a published
sch
Read more
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Azerbaijan's
Long-Term Local
Currency (LTLC) IDR at 'BB+' with a Negative Outlook. The
Short-Term Foreign
Currency (STFC) IDR has been affirmed at 'B' and a new
Short-Term Local Currency
(STLC) IDR of 'B' has been assigned.
Under EU credit rating agency (CRA) regulation, the publication
of sovereign
reviews is subject to restrictions and must take place according
to a published
sch
Read more
Fitch Applies Criteria Changes to Kazakhstan's Ratings
(The following statement was released by the rating agency)
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Kazakhstan's
Long-Term Local
Currency (LTLC) IDR at 'BBB' with a Stable Outlook. The
Short-Term Foreign
Currency (STFC) IDR has been affirmed at 'F2' and a new
Short-Term Local
Currency (STLC) IDR of 'F2' has been assigned.
Under EU credit rating agency (CRA) regulation, the publication
of sovereign
reviews is subject to restrictions and must take place according
to a published
sch
Read more
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Kazakhstan's
Long-Term Local
Currency (LTLC) IDR at 'BBB' with a Stable Outlook. The
Short-Term Foreign
Currency (STFC) IDR has been affirmed at 'F2' and a new
Short-Term Local
Currency (STLC) IDR of 'F2' has been assigned.
Under EU credit rating agency (CRA) regulation, the publication
of sovereign
reviews is subject to restrictions and must take place according
to a published
sch
Read more
U.S. RESEARCH ROUNDUP-D.R. Horton, Humana, Chicago Bridge & Iron
July 22 (Reuters) - Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Adeptus Health, Chipotle Mexican Grill and Yadkin
Financial, on Friday.
HIGHLIGHTS
* Chicago Bridge & Iron Co : Baird cuts to neutral
* D.R. Horton Inc : BofA Merrill cuts to neutral from buy
* Humana Inc : Wolfe Research raises to outperform
* Community Bank System Inc : Sandler O'Neill cuts to
Read more
on several U.S.-listed companies, including Adeptus Health, Chipotle Mexican Grill and Yadkin
Financial, on Friday.
HIGHLIGHTS
* Chicago Bridge & Iron Co : Baird cuts to neutral
* D.R. Horton Inc : BofA Merrill cuts to neutral from buy
* Humana Inc : Wolfe Research raises to outperform
* Community Bank System Inc : Sandler O'Neill cuts to
Read more
UPDATE 2-JPMorgan to stop settling government securities for dealers
NEW YORK, July 22 (Reuters) - JPMorgan Chase & Co
will stop settling U.S. government securities transactions for
most dealers by the end of next year as it streamlines its
business, the bank said on Friday.
Read more
will stop settling U.S. government securities transactions for
most dealers by the end of next year as it streamlines its
business, the bank said on Friday.
Read more
BRIEF-Brookfield Canada Office Properties enters into agreement with Scotiabank to lease 140,000 square feet at Brookfield Place Calgary
* Brookfield Canada Office Properties enters into agreement
with Scotiabank to lease 140,000 square feet at Brookfield Place
Calgary
Source text for Eikon:
Further company coverage:
Read more
with Scotiabank to lease 140,000 square feet at Brookfield Place
Calgary
Source text for Eikon:
Further company coverage:
Read more
MOVES-Avenue Capital hires Maier, Lager to manage new fund
July 22 (Reuters) - Avenue Capital Group, the $11.3 billion
firm run by Marc Lasry, is raising a new credit opportunity
fund, according to sources.
Read more
firm run by Marc Lasry, is raising a new credit opportunity
fund, according to sources.
Read more
Coup attempt derails Yapi bond
LONDON, July 22 (IFR) - Yapi Kredi's decision to cancel a
bond issue this week following an attempted coup in Turkey has
divided bankers, with some questioning the advice the lender was
given, and others arguing that canning the deal was a sensible
call.
Read more
bond issue this week following an attempted coup in Turkey has
divided bankers, with some questioning the advice the lender was
given, and others arguing that canning the deal was a sensible
call.
Read more
Britain and Korea form fintech investment partnership
LONDON, July 22 (Reuters) - Britain and South Korea have
established a "fintech bridge" intended to make it easier for
both countries to invest in the burgeoning financial technology
sector, the British Treasury said on Friday.
Read more
established a "fintech bridge" intended to make it easier for
both countries to invest in the burgeoning financial technology
sector, the British Treasury said on Friday.
Read more
Peugeot consortium neck-and-neck with Vinci for Lyon airport - sources
PARIS, July 22 (Reuters) - Construction group Vinci
has proposed a slightly higher offer in a final round
of bidding for Lyon airport than its main rival, a consortium
led by the Peugeot family's FFP holding, sources with knowledge
of the matter said on Friday.
Read more
has proposed a slightly higher offer in a final round
of bidding for Lyon airport than its main rival, a consortium
led by the Peugeot family's FFP holding, sources with knowledge
of the matter said on Friday.
Read more
India's Axis Bank first-quarter profit hit by bad loan surge
MUMBAI, July 22 (Reuters) - India's Axis Bank Ltd
on Friday reported a surge in bad loans in its first quarter
that pushed net profit down by a fifth but the bank said the
growth in problem loans was in line with its expectations.
Read more
on Friday reported a surge in bad loans in its first quarter
that pushed net profit down by a fifth but the bank said the
growth in problem loans was in line with its expectations.
Read more
BRIEF-SMS Kredyt Holding to issue series AM bonds
* To issue up to 50 series AM bonds with total nominal value
of up to 5.0 million zlotys ($1.3 million) and maturity of three
years
Source text for Eikon:
Further company coverage:
($1 = 3.9672 zlotys)
(Gdynia Newsroom)
Read more
of up to 5.0 million zlotys ($1.3 million) and maturity of three
years
Source text for Eikon:
Further company coverage:
($1 = 3.9672 zlotys)
(Gdynia Newsroom)
Read more
UPDATE 2-Polish anti-monopoly office says Nord Stream 2 threatens competition
WARSAW, July 22 (Reuters) - Poland's anti-monopoly watchdog
(UOKiK) said on Friday that a planned joint venture by Russia's
Gazprom and five European companies to build the Nord
Stream 2 gas pipeline could undermine local competition.
Read more
(UOKiK) said on Friday that a planned joint venture by Russia's
Gazprom and five European companies to build the Nord
Stream 2 gas pipeline could undermine local competition.
Read more
Fitch Upgrades Two Tranches from the Vela Mortgages Series; Affirms Others
(The following statement was released by the rating agency)
LONDON, July 22 (Fitch) Fitch Ratings has upgraded one tranche
from Vela
Mortgages S.r.l. - Series 1 (VM1) and one from Vela Mortgages
S.r.l. - Series 2
(VM2) and affirmed all others, as follows:
VM1:
Class A (ISIN IT0004364185): affirmed at 'AA+sf', Outlook Stable
Class B (ISIN IT0004364193): affirmed at 'AAsf'; Outlook Stable
Class C (ISIN IT0004364201): upgraded to 'BBB+' from 'BBB?';
Outlook Stable
VM2:
Class A (ISIN IT000455042
Read more
LONDON, July 22 (Fitch) Fitch Ratings has upgraded one tranche
from Vela
Mortgages S.r.l. - Series 1 (VM1) and one from Vela Mortgages
S.r.l. - Series 2
(VM2) and affirmed all others, as follows:
VM1:
Class A (ISIN IT0004364185): affirmed at 'AA+sf', Outlook Stable
Class B (ISIN IT0004364193): affirmed at 'AAsf'; Outlook Stable
Class C (ISIN IT0004364201): upgraded to 'BBB+' from 'BBB?';
Outlook Stable
VM2:
Class A (ISIN IT000455042
Read more
Mydentist to clear first post-Brexit vote sterling junk bond
LONDON, July 22 (IFR) - Mydentist on Friday brought forward
the pricing of the first sterling junk bond deal since the UK
voted to leave the European Union, after receiving a flood of
orders that one fund manager described as "a total blowout".
Read more
the pricing of the first sterling junk bond deal since the UK
voted to leave the European Union, after receiving a flood of
orders that one fund manager described as "a total blowout".
Read more
BRIEF-Coats says Nicholas Bull to be chairman of Fidelity China Special Situations
* Nicholas Bull, senior independent director, was appointed
chairman, Fidelity China Special Situations Plc following their
annual general meeting
Source text for Eikon:
Further company coverage:
Read more
chairman, Fidelity China Special Situations Plc following their
annual general meeting
Source text for Eikon:
Further company coverage:
Read more
INSIGHT-When does Brexit mean Brexit: Could the UK change its mind?
LONDON, July 22 (Reuters) - Since entering Downing Street as
Britain's new prime minister last week, Theresa May has quickly
dispelled hopes that the UK might change its mind about leaving
the European Union.
Read more
Britain's new prime minister last week, Theresa May has quickly
dispelled hopes that the UK might change its mind about leaving
the European Union.
Read more
UPDATE 1-UK watchdog finds potential mis-selling among insurance agents
LONDON, July 22 (Reuters) - Insurance agents have
potentially mis-sold policies to consumers, falsified documents,
faked signatures and saddled people with products that will
never pay out on a claim, Britain's markets regulator said on
Friday.
Read more
potentially mis-sold policies to consumers, falsified documents,
faked signatures and saddled people with products that will
never pay out on a claim, Britain's markets regulator said on
Friday.
Read more
LME to continue ring trading at emergency venue until early August
LONDON, July 22 (Reuters) - The London Metal Exchange (LME)
will maintain open outcry trading at its disaster recovery site
in Chelmsford, east of London, until early August after
continuing structural problems that mean its offices will remain
shut, the exchange said on Friday.
Read more
will maintain open outcry trading at its disaster recovery site
in Chelmsford, east of London, until early August after
continuing structural problems that mean its offices will remain
shut, the exchange said on Friday.
Read more
BRIEF-Guler Yatirim Holding decides to buyback shares
* Decides to buyback shares without any limit in accordance
with the decision taken by Capital Markets Board of Turkey
Read more
with the decision taken by Capital Markets Board of Turkey
Read more
LVMH arm buys slice of Seoul cosmetics firm CLIO as S.Korea beauty business booms
SEOUL, July 22 (Reuters) - An investment arm of French
luxury goods giant LVMH said it took a minority stake
in South Korea's CLIO Cosmetics, swelling the ranks of global
investors placing a bet on booming demand for Korean beauty
products in major markets like China.
Read more
luxury goods giant LVMH said it took a minority stake
in South Korea's CLIO Cosmetics, swelling the ranks of global
investors placing a bet on booming demand for Korean beauty
products in major markets like China.
Read more
Thursday, July 21, 2016
UPDATE 1-Skanska Q2 profit lags, sees Brexit impact on UK building sector
July 22 (Reuters) - Skanska AB posted
second-quarter operating earnings below market expectations on
Friday as weak profitability at certain Polish and U.S. projects
weighed, while orders were stronger than expected boosted by the
huge LaGuardia Airport project.
Read more
second-quarter operating earnings below market expectations on
Friday as weak profitability at certain Polish and U.S. projects
weighed, while orders were stronger than expected boosted by the
huge LaGuardia Airport project.
Read more
Ride-hailing service Grab partners Indonesia's Lippo for mobile payments
JAKARTA, July 22 (Reuters) - Southeast Asian ride-hailing
service Grab said on Friday it is teaming up with Indonesian
conglomerate Lippo Group to implement a payments platform.
Read more
service Grab said on Friday it is teaming up with Indonesian
conglomerate Lippo Group to implement a payments platform.
Read more
Fitch Affirms and Withdraws Parkway Life REIT's Ratings
(The following statement was released by the rating agency)
SINGAPORE, July 22 (Fitch) Fitch Ratings has affirmed Parkway
Life Real Estate
Investment Trust's (PREIT) 'BBB' Long-Term Foreign-Currency
Issuer Default
Rating with Stable Outlook, and the 'BBB' Long-Term Rating on
its SGD500m
medium-term note programme. At the same time Fitch has withdrawn
these ratings
for commercial reasons. Accordingly Fitch will no longer provide
ratings or
analytical coverage of PREIT.
KEY RATING DRIVERS
Ple
Read more
SINGAPORE, July 22 (Fitch) Fitch Ratings has affirmed Parkway
Life Real Estate
Investment Trust's (PREIT) 'BBB' Long-Term Foreign-Currency
Issuer Default
Rating with Stable Outlook, and the 'BBB' Long-Term Rating on
its SGD500m
medium-term note programme. At the same time Fitch has withdrawn
these ratings
for commercial reasons. Accordingly Fitch will no longer provide
ratings or
analytical coverage of PREIT.
KEY RATING DRIVERS
Ple
Read more
UPDATE 1-White House calls for Malaysian transparency in wake of fund scandal
WASHINGTON/KUALA LUMPUR, July 22 (Reuters) - The White House
urged Malaysia on Thursday to demonstrate good governance and a
transparent business climate, a day after U.S. prosecutors sued
to try and seize $1 billion in assets they said were bought with
money stolen from a state development fund.
Read more
urged Malaysia on Thursday to demonstrate good governance and a
transparent business climate, a day after U.S. prosecutors sued
to try and seize $1 billion in assets they said were bought with
money stolen from a state development fund.
Read more
Australia shares pause near recent peak, NZ reaches fresh record
SYDNEY/WELLINGTON, July 22 (Reuters) - Australia's benchmark
share index paused near a one-year high on Friday, though a
rally in the natural resources sector offset some losses in
energy and financials, while New Zealand stocks touched another
all-time high.
Read more
share index paused near a one-year high on Friday, though a
rally in the natural resources sector offset some losses in
energy and financials, while New Zealand stocks touched another
all-time high.
Read more
China cenbank official says tax cuts more effective than rate cuts - media
SHANGHAI, July 22 (Reuters) - A Chinese central bank
official said tax cuts would be a more effective way of
stimulating the economy than interest rate cuts, with firms
still unwilling to invest, the National Business Daily reported
on Friday.
Read more
official said tax cuts would be a more effective way of
stimulating the economy than interest rate cuts, with firms
still unwilling to invest, the National Business Daily reported
on Friday.
Read more
Taiwan stocks fall in line with overseas markets; display makers down
TAIPEI, July 22 (Reuters) - Taiwan stocks fell on Friday
after hitting a more than one-year high in the previous session,
tracking losses in overseas markets.
Read more
after hitting a more than one-year high in the previous session,
tracking losses in overseas markets.
Read more
National Australia Bank unveils new structure to focus at home
SYDNEY, July 22 (Reuters) - National Australia Bank
, the country's No.1 lender, said on Friday it has
simplified its organisation structure to help increase its focus
on the domestic market after hiving off its troubled British
operations earlier this year.
Read more
, the country's No.1 lender, said on Friday it has
simplified its organisation structure to help increase its focus
on the domestic market after hiving off its troubled British
operations earlier this year.
Read more
UPDATE 1-Goldman Sachs raising $5 bln-$8 bln for private equity fund -source
July 21 (Reuters) - Goldman Sachs Group Inc will
start marketing a new corporate buyout fund of $5 billion to $8
billion, its first such fund since the 2008 financial crisis,
according to a source familiar with the matter.
Read more
start marketing a new corporate buyout fund of $5 billion to $8
billion, its first such fund since the 2008 financial crisis,
according to a source familiar with the matter.
Read more
BRIEF-Charles Schwab declares qtrly dividend of $0.07 per share
* Board of directors of Charles Schwab Corporation has
declared a regular quarterly cash dividend of $0.07 per common
share
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
declared a regular quarterly cash dividend of $0.07 per common
share
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
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