* Says it completed buying two real estate at 8.6 billion
yen in total
Read more
Wednesday, August 31, 2016
BRIEF-EQT places 15.6 mln Scandic Hotels shares at SEK 69.50/shr
* Sunstorm Holding AB, controlled by EQT V Ltd and Accent
Equity 2003, in each case through companies, ("Sunstorm"), has
sold in total 15.6 million shares in Scandic Hotels Group AB
("Scandic") through an accelerated bookbuilding process to
Swedish and international institutional investors at a price of
SEK 69.5 per share (the "Placement").
For the original story click here: http://mb.cision.com/Main/87/2069433/556108.pdf
Further company coverage:
(Stockholm Newsroom)
Read more
Equity 2003, in each case through companies, ("Sunstorm"), has
sold in total 15.6 million shares in Scandic Hotels Group AB
("Scandic") through an accelerated bookbuilding process to
Swedish and international institutional investors at a price of
SEK 69.5 per share (the "Placement").
For the original story click here: http://mb.cision.com/Main/87/2069433/556108.pdf
Further company coverage:
(Stockholm Newsroom)
Read more
BRIEF-Blackhawk Network to acquire Grass Roots Group
* Blackhawk Network - Buying Grass Roots Group for about £90
million (U.S. $118 million assuming current pound to dollar
exchange rate) in cash
Read more
million (U.S. $118 million assuming current pound to dollar
exchange rate) in cash
Read more
Fitch Affirms Hysan Development Company at 'BBB+'; Outlook Stable
(The following statement was released by the rating agency)
HONG KONG, September 01 (Fitch) Fitch Ratings has affirmed Hong
Kong-based Hysan
Development Company Limited's (Hysan) Long-Term Issuer Default
Rating (IDR) at
'BBB+'. The Outlook is Stable. Fitch has also affirmed Hysan's
senior unsecured
rating and the rating on senior unsecured notes issued by Hysan
(MTN) Limited at
'BBB+'.
The rating affirmation is based on the stable performance of
Hysan's Hong Kong
investment property portfo
Read more
HONG KONG, September 01 (Fitch) Fitch Ratings has affirmed Hong
Kong-based Hysan
Development Company Limited's (Hysan) Long-Term Issuer Default
Rating (IDR) at
'BBB+'. The Outlook is Stable. Fitch has also affirmed Hysan's
senior unsecured
rating and the rating on senior unsecured notes issued by Hysan
(MTN) Limited at
'BBB+'.
The rating affirmation is based on the stable performance of
Hysan's Hong Kong
investment property portfo
Read more
Morning News Call - India, September 1
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09012016.pdf
FACTORS TO WATCH
10:00 am: National Institution for Transforming India Aayog Chief Executive
Amitabh Kant and Food Minister Ram Vilas Paswan at FICCI organized annual
convention on retail in New Delhi.
10:00 am: Finance Minister Arun Jaitley at an event organized by Indian
Banks Association in Mumbai.
4:00 pm: Finance Minister Arun Jaitley
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09012016.pdf
FACTORS TO WATCH
10:00 am: National Institution for Transforming India Aayog Chief Executive
Amitabh Kant and Food Minister Ram Vilas Paswan at FICCI organized annual
convention on retail in New Delhi.
10:00 am: Finance Minister Arun Jaitley at an event organized by Indian
Banks Association in Mumbai.
4:00 pm: Finance Minister Arun Jaitley
Read more
Standard Chartered soft sounds dual-tranche Samurai bond
HONG KONG, Sept 1 (IFR) - Standard Chartered has
begun soft sounding investors for a dual-tranche Samurai
offering.
Read more
begun soft sounding investors for a dual-tranche Samurai
offering.
Read more
UPDATE 1-China factory activity unexpectedly expands in August-official PMI
BEIJING, Sept 1 (Reuters) - Activity in China's
manufacturing sector picked up unexpectedly in August but gains
were modest, an official survey showed on Thursday, suggesting
the world's second-largest economy is steadying but still
sluggish.
Read more
manufacturing sector picked up unexpectedly in August but gains
were modest, an official survey showed on Thursday, suggesting
the world's second-largest economy is steadying but still
sluggish.
Read more
Australia's Future Fund misses target returns on reduced exposure to risk
Sept 1 (Reuters) - Australia's sovereign wealth manager, the
Future Fund, on Thursday posted a below-target return of 4.8
percent for the latest financial year as it lowered its exposure
to risk assets due to prevailing uncertainty around the global
economy.
Read more
Future Fund, on Thursday posted a below-target return of 4.8
percent for the latest financial year as it lowered its exposure
to risk assets due to prevailing uncertainty around the global
economy.
Read more
BRIEF-Nova Leap Health to buy outstanding shares of Northern Family Home Care
* Nova leap health says entered into arm's length term
sheet to purchase all of outstanding shares of northern family
home care
Source text for Eikon:
Further company coverage:
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sheet to purchase all of outstanding shares of northern family
home care
Source text for Eikon:
Further company coverage:
Read more
Peru government to propose higher corporate taxes
LIMA, Aug 31 (Reuters) - Peru's government will present a
bill to raise taxes on corporate profits in order to lower sales
taxes and boost the economy, Finance Minister Alfredo Thorne
said on Wednesday.
Read more
bill to raise taxes on corporate profits in order to lower sales
taxes and boost the economy, Finance Minister Alfredo Thorne
said on Wednesday.
Read more
Australian stocks seen under pressure, NZ falls
Sept 1 (Reuters) - Australian shares are set to extend
losses on Thursday, as a slump in crude prices overnight could
batter energy stocks, while retail sales data, due later in the
day, may determine the course of consumer staples.
Oil prices fell 3 percent or more on Wednesday after a
surprise surge in U.S. crude and distillate inventory.
Investors will be watching out for Australia's July retail
sales numbers, expected to be announced on Thursday, for cues on
economic growth.
Me
Read more
losses on Thursday, as a slump in crude prices overnight could
batter energy stocks, while retail sales data, due later in the
day, may determine the course of consumer staples.
Oil prices fell 3 percent or more on Wednesday after a
surprise surge in U.S. crude and distillate inventory.
Investors will be watching out for Australia's July retail
sales numbers, expected to be announced on Thursday, for cues on
economic growth.
Me
Read more
UPDATE 1-Paralympics-Brazil's Petrobras to pay $3.25 mln to aid troubled Games
RIO DE JANEIRO, Aug 31 (Reuters) - Brazilian oil company Petroleo Brasileiro SA said on Wednesday it will spend 10.5 million reais ($3.25 million) to buy marketing rights to the financially troubled Rio de Janeiro Paralympic Games.
Read more
Read more
BRIEF-Select Bancorp announces stock repurchase plan
* Authorized a share repurchase plan under which company may
repurchase up to 581,518 shares of common stock
Source text for Eikon:
Further company coverage:
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repurchase up to 581,518 shares of common stock
Source text for Eikon:
Further company coverage:
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BRIEF-Christine Hurtsellers named CEO of Voya Investment Management
* Christine Hurtsellers named CEO of VOYA INVESTMENT
MANAGEMENT
Source text for Eikon:
Further company coverage:
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MANAGEMENT
Source text for Eikon:
Further company coverage:
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CORRECTED-Alere lawsuit accuses Abbott of 'buyer's remorse' in proposed merger
Aug 31 (Reuters) - Alere Inc alleges Abbott
Laboratories is trying to stymie its planned $5.8
billion takeover of the diagnostics company by purposefully
delaying key submissions to anti-trust regulators, according to
a lawsuit made public on Tuesday.
Read more
Laboratories is trying to stymie its planned $5.8
billion takeover of the diagnostics company by purposefully
delaying key submissions to anti-trust regulators, according to
a lawsuit made public on Tuesday.
Read more
UPDATE 2-Puerto Rico oversight board appointed
WASHINGTON/NEW YORK, Aug 31 (Reuters) - President Barack
Obama on Wednesday appointed a seven-member board to oversee a
financial restructuring for Puerto Rico, a majority Republican
panel that some market analysts saw as favorable for bondholders
of the U.S. territory, which has been crippled by a $70 billion
debt crisis.
Read more
Obama on Wednesday appointed a seven-member board to oversee a
financial restructuring for Puerto Rico, a majority Republican
panel that some market analysts saw as favorable for bondholders
of the U.S. territory, which has been crippled by a $70 billion
debt crisis.
Read more
MOVES: BTG Pactual rehires LatAm syndicate head
NEW YORK, Aug 31 (IFR) - Cynthia Powell is returning to BTG
Pactual in her former role as LatAm syndicate head in New York
just eight months after the Brazilian bank let her go, a source
told IFR on Wednesday.
Read more
Pactual in her former role as LatAm syndicate head in New York
just eight months after the Brazilian bank let her go, a source
told IFR on Wednesday.
Read more
Fitch: Low Yields Cut Sov. Investor Income by $500b Versus 2011
(The following statement was released by the rating agency)
NEW YORK/CHICAGO, August 31 (Fitch) Steep declines in global
sovereign bond
yields over the past few years have drastically reduced
investors' ability to
generate interest income from new securities purchases, says
Fitch Ratings.
Relative to yields available in 2011, global investors are
foregoing over $500
billion in annual income on $38 trillion in currently
outstanding bonds as a
result of the collapse in sovereign yields.
Cash
Read more
NEW YORK/CHICAGO, August 31 (Fitch) Steep declines in global
sovereign bond
yields over the past few years have drastically reduced
investors' ability to
generate interest income from new securities purchases, says
Fitch Ratings.
Relative to yields available in 2011, global investors are
foregoing over $500
billion in annual income on $38 trillion in currently
outstanding bonds as a
result of the collapse in sovereign yields.
Cash
Read more
UPDATE 1-Cooperman on CNBC says U.S. equities 'fairly but fully valued'
NEW YORK, Aug 31 (Reuters) - Hedge fund investor Leon
Cooperman, the chief executive of Omega Advisors, said Wednesday
on CNBC that equity markets are "fairly but fully valued."
Read more
Cooperman, the chief executive of Omega Advisors, said Wednesday
on CNBC that equity markets are "fairly but fully valued."
Read more
BRIEF-IBSM Q2 net loss lowers to 896,000 zlotys YoY
* Q2 net loss of 896,000 zlotys ($228,950) versus loss of
5.7 million zlotys year ago
Source text for Eikon:
Further company coverage:
($1 = 3.9135 zlotys)
(Gdynia Newsroom)
Read more
5.7 million zlotys year ago
Source text for Eikon:
Further company coverage:
($1 = 3.9135 zlotys)
(Gdynia Newsroom)
Read more
BRIEF-PWC Capital reports Q3 earnings C$0.09/shr
* Net interest income for three months ended July 31, 2016
increased to $9.8 million from $8.7 million for same period a
year ago
Source text for Eikon:
Further company coverage:
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increased to $9.8 million from $8.7 million for same period a
year ago
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-S.Africa's rand slumps as lender halts loans to state firms, stocks down
JOHANNESBURG, Aug 31 (Reuters) - South Africa's rand
weakened more than one percent on Wednesday after reports that a
large debt manager was halting loans to state-owned firms raised
investor concerns over the management of the economy.
Read more
weakened more than one percent on Wednesday after reports that a
large debt manager was halting loans to state-owned firms raised
investor concerns over the management of the economy.
Read more
MOVES-Demica, Tilney Bestinvest
Aug 31 (Reuters) - The following financial services industry
appointments were announced on Wednesday. To inform us of other
job changes, email moves@thomsonreuters.com.
Read more
appointments were announced on Wednesday. To inform us of other
job changes, email moves@thomsonreuters.com.
Read more
ECB at risk of being overburdened - Villeroy
FRANKFURT, Aug 31 (Reuters) - The European Central Bank must
not be overburdened and others, particularly governments, need
to start playing their part to make growth sustainable, French
central bank chief Francois Villeroy de Galhau said on
Wednesday.
Read more
not be overburdened and others, particularly governments, need
to start playing their part to make growth sustainable, French
central bank chief Francois Villeroy de Galhau said on
Wednesday.
Read more
PwC fined over botched audit of UK lender Cattles
LONDON, Aug 31 (Reuters) - British accountant PwC
has been ordered to pay more than 3 million pounds ($4 million),
and one of its partners has been fined 75,600 pounds, over a
2007 audit that failed to spot a deep hole in the books of
defunct subprime lender Cattles.
Read more
has been ordered to pay more than 3 million pounds ($4 million),
and one of its partners has been fined 75,600 pounds, over a
2007 audit that failed to spot a deep hole in the books of
defunct subprime lender Cattles.
Read more
Sri Lankan rupee ends steady after cbank head allays fears
COLOMBO, Aug 31 (Reuters) - The Sri Lankan rupee ended
steady on Wednesday as importer dollar demand was offset by
greenback sales, a day after central bank governor Indrajith
Coomaraswamy said the currency was not under upward pressure as
capital inflows had not been of sufficient magnitude to exert
such pressure.
Read more
steady on Wednesday as importer dollar demand was offset by
greenback sales, a day after central bank governor Indrajith
Coomaraswamy said the currency was not under upward pressure as
capital inflows had not been of sufficient magnitude to exert
such pressure.
Read more
Sri Lankan stocks post over 2-wk closing low on profit-taking
COLOMBO, Aug 31 (Reuters) - Sri Lankan shares edged down on
Wednesday to post over two-week closing lows as investors sold
large caps to book profits while retail investor participation
rose a day after the central bank held its key policy rates
steady.
Read more
Wednesday to post over two-week closing lows as investors sold
large caps to book profits while retail investor participation
rose a day after the central bank held its key policy rates
steady.
Read more
Dubai's Emaar Properties mandates banks for possible USD sukuk
DUBAI, Aug 31 (Reuters) - Dubai's Emaar Properties
has mandated banks for a possible U.S. dollar-denominated
Regulation S senior sukuk, it said on Wednesday.
Read more
has mandated banks for a possible U.S. dollar-denominated
Regulation S senior sukuk, it said on Wednesday.
Read more
Sandro, Maje, Claudie Pierlot H1 sales growth buck fashion trends
PARIS, Aug 31 (Reuters) - SMCP, the group behind French
fashion brands Sandro, Maje and Claudie Pierlot, bucked the
global fashion industry's sluggish sales growth trends with a
9.3 percent increase in like-for-like revenue in the first half,
helped by resilient demand in France.
Read more
fashion brands Sandro, Maje and Claudie Pierlot, bucked the
global fashion industry's sluggish sales growth trends with a
9.3 percent increase in like-for-like revenue in the first half,
helped by resilient demand in France.
Read more
REFILE-GLOBAL MARKETS-US 10-yr yield on course for biggest monthly rise in over a year
LONDON, Aug 31 (Reuters) - Bond yields rose on Wednesday,
with 10-year U.S. Treasury yields on course for their biggest
monthly rise in over a year as investors continued to build up
bets that the Federal Reserve will raise interest rates before
the year is out.
Read more
with 10-year U.S. Treasury yields on course for their biggest
monthly rise in over a year as investors continued to build up
bets that the Federal Reserve will raise interest rates before
the year is out.
Read more
Russia's B&N Bank says loan book shrank by quarter over H1
MOSCOW, Aug 31 (Reuters) - The loan book of Russia's B&N
Bank shrank by a quarter over the first half of the
year, its financial results showed.
Read more
Bank shrank by a quarter over the first half of the
year, its financial results showed.
Read more
UPDATE 1-Canada applies to join China-backed AIIB, latest U.S. ally to apply
BEIJING, Aug 31 (Reuters) - Canada will apply to join the
China-backed Asian Infrastructure Investment Bank (AIIB), the
bank's president Jin Liqun said on Wednesday, making it the
latest ally of the United States to join the new international
development bank.
Read more
China-backed Asian Infrastructure Investment Bank (AIIB), the
bank's president Jin Liqun said on Wednesday, making it the
latest ally of the United States to join the new international
development bank.
Read more
Fitch Rates DBSH's Perpetual Capital Securities Final 'BBB'
(The following statement was released by the rating agency)
SINGAPORE, August 31 (Fitch) Fitch Ratings has assigned
Singapore-based DBS
Group Holdings Ltd's (DBSH) USD750m 3.60% perpetual capital
securities a final
rating of 'BBB'. This follows the completion of the securities
issue, as well as
the receipt of final documents conforming to information
previously received.
The final rating is the same as the expected rating assigned on
29 August 2016.
The securities are intended to qualify as
Read more
SINGAPORE, August 31 (Fitch) Fitch Ratings has assigned
Singapore-based DBS
Group Holdings Ltd's (DBSH) USD750m 3.60% perpetual capital
securities a final
rating of 'BBB'. This follows the completion of the securities
issue, as well as
the receipt of final documents conforming to information
previously received.
The final rating is the same as the expected rating assigned on
29 August 2016.
The securities are intended to qualify as
Read more
ECB is flexible about time horizon of inflation target: Praet
FRANKFURT, Aug 31 (Reuters) - The European Central Bank is
flexible about the time horizon of its inflation objective as a
rigid interpretation of the target could lead to financial
instability, ECB chief economist Peter Praet said on Wednesday.
Read more
flexible about the time horizon of its inflation objective as a
rigid interpretation of the target could lead to financial
instability, ECB chief economist Peter Praet said on Wednesday.
Read more
Tuesday, August 30, 2016
Nikkei rises to over 2-wk closing high on weak yen; Topix hits 6-wk high
TOKYO, Aug 31 (Reuters) - Japanese stocks rose on Wednesday
in heavy trade, led by exporters and financials as the dollar
stood tall against the yen and upbeat U.S. consumer confidence
data lifted expectations of a near-term U.S. interest rate hike.
Read more
in heavy trade, led by exporters and financials as the dollar
stood tall against the yen and upbeat U.S. consumer confidence
data lifted expectations of a near-term U.S. interest rate hike.
Read more
Cyprus signs deal with Egypt for gas transfers via pipeline
NICOSIA, Aug 31 (Reuters) - Cyprus signed a deal on
Wednesday for the transfer of natural gas via pipeline to Egypt,
once extraction starts of discoveries made off the Mediterranean
island.
Read more
Wednesday for the transfer of natural gas via pipeline to Egypt,
once extraction starts of discoveries made off the Mediterranean
island.
Read more
BRIEF-COFCO Property Group sees 2016 Q1~Q3 net profit to decrease by 50 pct to 100 pct
* sees 2016 Q1~Q3 net profit to decrease by 50 percent to
100 percent, compared to net profit of Q1~Q3 of 2015(513.7
million yuan)
Read more
100 percent, compared to net profit of Q1~Q3 of 2015(513.7
million yuan)
Read more
BRIEF-China Union Holdings sees 2016 Q1~Q3 net profit to be 450-550 million yuan
* sees 2016 Q1~Q3 net profit to be 450 million yuan to 550
million yuan, compared to net loss of Q1~Q3 of 2015(2.0 million
yuan)
Read more
million yuan, compared to net loss of Q1~Q3 of 2015(2.0 million
yuan)
Read more
Fitch Rates UOB's Basel III Tier 2 Subordinated Notes 'A+(EXP)'
(The following statement was released by the rating agency)
SINGAPORE, August 30 (Fitch) Fitch Ratings has assigned
Singapore-based United
Overseas Bank Limited's (UOB) proposed US dollar-denominated
Basel III-compliant
Tier 2 subordinated notes an expected rating of 'A+(EXP)'.
The notes will be issued under the bank's SGD15bn Euro
medium-term note
programme. The final rating on the securities is subjected to
the receipt of
final documentation conforming to information already received.
KEY
Read more
SINGAPORE, August 30 (Fitch) Fitch Ratings has assigned
Singapore-based United
Overseas Bank Limited's (UOB) proposed US dollar-denominated
Basel III-compliant
Tier 2 subordinated notes an expected rating of 'A+(EXP)'.
The notes will be issued under the bank's SGD15bn Euro
medium-term note
programme. The final rating on the securities is subjected to
the receipt of
final documentation conforming to information already received.
KEY
Read more
BRIEF-India's RBL Bank up 21.87 pct in early trade on listing day
* Up 21.87 percent in early trade on listing day after $182
million IPO
Further company coverage:
(Reporting By Swati Bhat)
Read more
million IPO
Further company coverage:
(Reporting By Swati Bhat)
Read more
Singapore bank lending rises in July
SINGAPORE, Aug 31 (Reuters) - Singapore' total bank lending
rose in July from the previous month, helped by increases in
general commerce loans and lending to financial institutions,
central bank data showed on Wednesday.
Read more
rose in July from the previous month, helped by increases in
general commerce loans and lending to financial institutions,
central bank data showed on Wednesday.
Read more
Nikkei rises to more than 2-week high; exporters and financials gain
TOKYO, Aug 31 (Reuters) - Japanese stocks rose on Wednesday
to highs not seen in two weeks, led by exporters and financial
stocks as the dollar stood tall against the yen and upbeat U.S.
consumer confidence data lifted expectations of a near-term U.S.
interest rate hike.
Read more
to highs not seen in two weeks, led by exporters and financial
stocks as the dollar stood tall against the yen and upbeat U.S.
consumer confidence data lifted expectations of a near-term U.S.
interest rate hike.
Read more
UPDATE 1-Australia's opposition moves motion for Royal Commission into banks
SYDNEY, Aug 31 (Reuters) - Australia's opposition leader on
Wednesday moved a motion for a sweeping public inquiry into the
banking system following a series of allegations of misconduct
including financial planning scams and insurance fraud.
Read more
Wednesday moved a motion for a sweeping public inquiry into the
banking system following a series of allegations of misconduct
including financial planning scams and insurance fraud.
Read more
Goldman interested in financing Colombia's Magdalena project -govt
BOGOTA, Aug 30 (Reuters) - - U.S. investment bank Goldman
Sachs has expressed interest in financing a project to
make Colombia's Magdalena River more navigable, the government
said on Tuesday.
Read more
Sachs has expressed interest in financing a project to
make Colombia's Magdalena River more navigable, the government
said on Tuesday.
Read more
U.S. senators press Mylan on 'exorbitantly expensive' EpiPen
WASHINGTON, Aug 30 (Reuters) - Democrat Elizabeth Warren and
19 other U.S. senators voiced concern to the chief executive of
Mylan NV about the high cost of its EpiPen on Tuesday,
calling the device used in the case of life-threatening
allergies "exorbitantly expensive."
Read more
19 other U.S. senators voiced concern to the chief executive of
Mylan NV about the high cost of its EpiPen on Tuesday,
calling the device used in the case of life-threatening
allergies "exorbitantly expensive."
Read more
Brazil bank unions to discuss strike as pay proposal rejected
SAO PAULO, Aug 30 (Reuters) - Brazilian bank workers will
discuss this week whether to go on strike for an indefinite
period after rejecting a pay proposal for the upcoming year.
Read more
discuss this week whether to go on strike for an indefinite
period after rejecting a pay proposal for the upcoming year.
Read more
Turkish gold trader seeks U.S. judge's recusal in Iran sanctions case
NEW YORK, Aug 30 (Reuters) - A Turkish gold trader accused
of conspiring to violate U.S. sanctions against Iran on Tuesday
asked a federal judge to recuse himself, citing remarks he made
about a series of earlier Turkish prosecutions targeting him and
others.
Read more
of conspiring to violate U.S. sanctions against Iran on Tuesday
asked a federal judge to recuse himself, citing remarks he made
about a series of earlier Turkish prosecutions targeting him and
others.
Read more
Argentina cenbank cuts key interest rate, expects lower inflation
BUENOS AIRES, Aug 30 (Reuters) - Argentina's central bank
cut its 35-day reference rate by 50 basis points on Tuesday, the
fifth cut in as many weeks as policymakers sought to pull the
economy out of recession amid signs of lower inflation.
Read more
cut its 35-day reference rate by 50 basis points on Tuesday, the
fifth cut in as many weeks as policymakers sought to pull the
economy out of recession amid signs of lower inflation.
Read more
BRIEF-Carl Icahn in WSJ says had no plans to sell Herbalife stock that would have required SEC disclosure
* Carl Icahn in WSJ opinion piece - had no "plans or
proposals" to sell Herbalife stock that would have required SEC
disclosure and have none now
Read more
proposals" to sell Herbalife stock that would have required SEC
disclosure and have none now
Read more
CANADA STOCKS-TSX edges higher, led by banks and fertilizer stocks
TORONTO, Aug 30 (Reuters) - Canada's main stock index edged
slightly higher on Tuesday as bank and fertilizer stocks
rallied, but gains for the index were mostly pared as lower gold
prices weighed on mining stocks.
Read more
slightly higher on Tuesday as bank and fertilizer stocks
rallied, but gains for the index were mostly pared as lower gold
prices weighed on mining stocks.
Read more
BRIEF-Sterling National Bank announces pricing of subordinated notes offering
* Priced a private offering of $65 million aggregate
principal amount of its 5.25 percent fixed-to-floating rate
subordinated notes due 2026
Source text for Eikon:
Further company coverage:
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principal amount of its 5.25 percent fixed-to-floating rate
subordinated notes due 2026
Source text for Eikon:
Further company coverage:
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BRIEF-Camden National announces three-for-two stock split
* Three-For-Two stock split is payable September 30, 2016,
to its common shareholders of record at close of business on
September 15, 2016
Source text for Eikon:
Further company coverage:
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to its common shareholders of record at close of business on
September 15, 2016
Source text for Eikon:
Further company coverage:
Read more
Fund L Catterton in talks for Brazil St Marché stake, sources say
SAO PAULO, Aug 30 (Reuters) - L Catterton, the world's
biggest consumer-focused buyout firm, is in talks to buy a
controlling stake in Brazilian high-end supermarket chain St
Marché, which took on too much debt following an aggressive
expansion, three people with direct knowledge of the talks said.
Read more
biggest consumer-focused buyout firm, is in talks to buy a
controlling stake in Brazilian high-end supermarket chain St
Marché, which took on too much debt following an aggressive
expansion, three people with direct knowledge of the talks said.
Read more
BRIEF-Google to partner with Mitsubishi UFJ Financial to launch Android Pay inside Japan - Nikkei
* Google will partner with Mitsubishi UFJ Financial Group to
launch its digital wallet platform inside Japan as soon as
autumn - Nikkei
Read more
launch its digital wallet platform inside Japan as soon as
autumn - Nikkei
Read more
Credit Suisse chairman calls for time to complete turnaround
ZURICH, Aug 30 (Reuters) - Credit Suisse Chairman
Urs Rohner aims to stay in office beyond 2018, he told German
newspaper Handelsblatt, confident that his and Chief Executive
Tidjane Thiam's strategy will revive the struggling Swiss bank.
Read more
Urs Rohner aims to stay in office beyond 2018, he told German
newspaper Handelsblatt, confident that his and Chief Executive
Tidjane Thiam's strategy will revive the struggling Swiss bank.
Read more
UPDATE 1-Caesars wins lawsuit shield to pursue 'uphill' appeal
CHICAGO, Aug 30 (Reuters) - A federal judge on Tuesday gave
Caesars Entertainment Corp a five-week shield from $13
billion in lawsuits, capping a week of frantic court hearings as
the casino group struggles to salvage a high-stakes debt-cutting
plan for its bankrupt subsidiary.
Read more
Caesars Entertainment Corp a five-week shield from $13
billion in lawsuits, capping a week of frantic court hearings as
the casino group struggles to salvage a high-stakes debt-cutting
plan for its bankrupt subsidiary.
Read more
Gamesa, Siemens reject GE's offer for Adwen JV - sources
MADRID/FRANKFURT, Aug 30 (Reuters) - Siemens and
Gamesa have rejected a non-binding offer from General
Electric for assets belonging to a wind power venture
between Gamesa and Areva, sources close to the talks
told Reuters on Tuesday.
Read more
Gamesa have rejected a non-binding offer from General
Electric for assets belonging to a wind power venture
between Gamesa and Areva, sources close to the talks
told Reuters on Tuesday.
Read more
UPDATE 1-Italy's Monte Paschi may swap bonds for shares to ease cash call -sources
* Also looking for anchor investors -source
(Adds source comments, background, bank comment)
Read more
(Adds source comments, background, bank comment)
Read more
CORRECTED-UPDATE 3-Scotiabank reins in mortgage lending, stays vigilant
TORONTO, Aug 30 (Reuters) - Bank of Nova Scotia,
Canada's third-biggest lender, has pulled back on mortgage
lending in its domestic market, potentially insulating itself if
house prices fall in Vancouver and Toronto.
Read more
Canada's third-biggest lender, has pulled back on mortgage
lending in its domestic market, potentially insulating itself if
house prices fall in Vancouver and Toronto.
Read more
BRIEF-Orco Property Group announces disposal of CPI Property Group shares
* Announces that on Aug. 29 it disposed of 65,957,446 pieces
of ordinary shares of CPI Property Group for an aggregate
consideration of EUR 34.59 million ($38.55 million)
Source text for Eikon:
Further company coverage:
($1 = 0.8973 euros)
(Gdynia Newsroom)
Read more
of ordinary shares of CPI Property Group for an aggregate
consideration of EUR 34.59 million ($38.55 million)
Source text for Eikon:
Further company coverage:
($1 = 0.8973 euros)
(Gdynia Newsroom)
Read more
French Economy Minister Macron resigns - official
PARIS, Aug 30 (Reuters) - French Economy Minister Emmanuel
Macron has resigned from government, the French president's
office said on Tuesday, adding that Finance Minister Michel
Sapin would take over the portfolio together with his current
finance role.
(Reporting by Elizabeth Pineau; Writing by Bate Felix; Editing
by Ingrid Melander)
Read more
Macron has resigned from government, the French president's
office said on Tuesday, adding that Finance Minister Michel
Sapin would take over the portfolio together with his current
finance role.
(Reporting by Elizabeth Pineau; Writing by Bate Felix; Editing
by Ingrid Melander)
Read more
UPDATE 1-Greece's Piraeus Bank turns profitable in Q2, rival Alpha in the red
* Alpha Bank widens loss q/q to 16.8 mln euros, provisions
rise
(Adds Piraeus CEO comment, details, background)
Read more
rise
(Adds Piraeus CEO comment, details, background)
Read more
Swiss central bank steps up stock buying spree
ZURICH, Aug 30 (Reuters) - Switzerland's central bank now
owns more publicly-traded shares in Facebook than Mark
Zuckerberg, part of a mushrooming stock portfolio that is likely
to grow yet further.
Read more
owns more publicly-traded shares in Facebook than Mark
Zuckerberg, part of a mushrooming stock portfolio that is likely
to grow yet further.
Read more
Saudi Arabia's Bank Al Bilad prices 2 bln riyal sukuk issue
DUBAI, Aug 30 (Reuters) - Saudi Arabia's Bank Al Bilad
priced an Islamic bond issue worth 2 billion riyals
($533 million) at 200 basis points above the three-month Saudi
interbank offered rate, the lender said in a bourse
statement on Tuesday.
Read more
priced an Islamic bond issue worth 2 billion riyals
($533 million) at 200 basis points above the three-month Saudi
interbank offered rate, the lender said in a bourse
statement on Tuesday.
Read more
ECB balance sheet expands to 3.33 trillion euros
FRANKFURT, Aug 30 (Reuters) - The combined balance sheet of
the European Central Bank and the euro zone's 19 national
central banks expanded by 17.16 billion euros ($19.15 billion)
to 3.33 trillion euros in the week to Aug 26, the ECB said on
Tuesday.
Read more
the European Central Bank and the euro zone's 19 national
central banks expanded by 17.16 billion euros ($19.15 billion)
to 3.33 trillion euros in the week to Aug 26, the ECB said on
Tuesday.
Read more
BRIEF-Shyft Analytics raised $12.5 million in Series B funding
* Raised $12.5 million in Series B funding led by Mckesson
Ventures and Medidata Solutions
Source text for Eikon:
Further company coverage:
Read more
Ventures and Medidata Solutions
Source text for Eikon:
Further company coverage:
Read more
Saudi Arabia signs initial deals with China on prince's visit
DUBAI, Aug 30 (Reuters) - Saudi Arabia signed 15 preliminary
agreements with China on Tuesday in sectors from energy to
housing on a trip headed by Deputy Crown Prince Mohammed bin
Salman aimed at bolstering relations with a top energy customer
and trade partner.
Read more
agreements with China on Tuesday in sectors from energy to
housing on a trip headed by Deputy Crown Prince Mohammed bin
Salman aimed at bolstering relations with a top energy customer
and trade partner.
Read more
China's Big 4 banks to be included in debt to equity pilot scheme - ICBC Chairman
BEIJING, Aug 30 (Reuters) - Industrial & Commercial Bank of
China Chairman Yi Huiman said the country's
Big Four state-owned commercial banks and Big Four asset
management companies would be included in the country's
debt-to-equity pilot scheme.
Read more
China Chairman Yi Huiman said the country's
Big Four state-owned commercial banks and Big Four asset
management companies would be included in the country's
debt-to-equity pilot scheme.
Read more
Warsaw looks to win more finance business in wake of Brexit
WARSAW, Aug 30 (Reuters) - Poland's deputy prime minister is
due to meet a string of banks in London this week as the country
tries to boost its status as one of Europe's fastest growing
financial centres and benefit from Britain's decision to leave
the European Union.
Read more
due to meet a string of banks in London this week as the country
tries to boost its status as one of Europe's fastest growing
financial centres and benefit from Britain's decision to leave
the European Union.
Read more
BRIEF-Zillion secures $28 million in SERIES C financing
* Company has raised $28 million in its Series C round of
fundraising; round was led by twinfocus capital partners
Source text for Eikon:
Read more
fundraising; round was led by twinfocus capital partners
Source text for Eikon:
Read more
BRIEF-JSW's potential share issue worth 500-800 mln zlotys - deputy CEO
* The coal miner's potential share issue to be considered at
the start of 2017 will likely be worth between 500 million
zlotys ($128.71 million) and 800 million zlotys, the company's
deputy chief executive Robert Ostrowski said.
Read more
the start of 2017 will likely be worth between 500 million
zlotys ($128.71 million) and 800 million zlotys, the company's
deputy chief executive Robert Ostrowski said.
Read more
BRIEF-Fukuoka Reit Plans sale of properties for 8.02 bln yen
* Says it plans to sell trust beneficial rights of two
properties for totaling 8.02 billion yen, on Sep. 30 and Nov. 29
respectively
Read more
properties for totaling 8.02 billion yen, on Sep. 30 and Nov. 29
respectively
Read more
Monday, August 29, 2016
SE Asia Stocks-Sluggish as investors continue to digest Fed comments
By Geo Tharappel
Aug 30 (Reuters) - Southeast Asian stock markets were flat
to lower in lacklustre trading on Tuesday, with the Philippines
leading the losses, as investors continued to digest U.S.
Federal Reserve officials' hawkish comments.
Investors are less sure when the U.S. policy might change
after Fed Chair Janet Yellen said on Friday the case for a rate
hike was strengthening, but provided little detail on when it
would next move.
While the initial market reaction was to p
Read more
Aug 30 (Reuters) - Southeast Asian stock markets were flat
to lower in lacklustre trading on Tuesday, with the Philippines
leading the losses, as investors continued to digest U.S.
Federal Reserve officials' hawkish comments.
Investors are less sure when the U.S. policy might change
after Fed Chair Janet Yellen said on Friday the case for a rate
hike was strengthening, but provided little detail on when it
would next move.
While the initial market reaction was to p
Read more
MIDEAST STOCKS-Gulf shares may consolidate in thin volumes
DUBAI, Aug 30 (Reuters) - Gulf stock markets may consolidate
on Tuesday with thin trading volumes preventing any extended
rebound despite modest recoveries in oil prices and Asian
bourses.
Read more
on Tuesday with thin trading volumes preventing any extended
rebound despite modest recoveries in oil prices and Asian
bourses.
Read more
COLUMN-Kiss it goodbye, the great buyback boom is on the wane: James Saft
Aug 30 (Reuters) - The great stock buyback boom may be on
the wane, undermined by falling company earnings.
Read more
the wane, undermined by falling company earnings.
Read more
S.Korea Hanjin Shipping shares plunge 26 pct after creditor banks decide to pull funding
SEOUL, Aug 30 (Reuters) - Shares in Hanjin Shipping Co Ltd
fell more than 26 percent on Tuesday after its
creditor banks decided to stop funding support for the troubled
shipper.
Read more
fell more than 26 percent on Tuesday after its
creditor banks decided to stop funding support for the troubled
shipper.
Read more
Creditor banks to end support for S.Korea's Hanjin Shipping -Yonhap
SEOUL, Aug 30 (Reuters) - Creditor banks of Hanjin Shipping
Co Ltd have decided to stop supporting the South
Korean shipper, news agency Yonhap reported on Tuesday,
increasing the likelihood of court receivership, two people at
the creditor banks told Reuters.
Read more
Co Ltd have decided to stop supporting the South
Korean shipper, news agency Yonhap reported on Tuesday,
increasing the likelihood of court receivership, two people at
the creditor banks told Reuters.
Read more
Taiwan stocks up with overseas markets; tech shares drag
TAIPEI, Aug 30 (Reuters) - Taiwan stocks rose on Tuesday
boosted by a bounce in overseas markets but the gains were
limited on profit-taking in key heavyweight tech stocks.
Asian shares were higher on doubts the Federal Reserve
really would hike rates as soon as September as investors
continued to count on more policy stimulus elsewhere in the
world.
As of 0133 GMT, the main TAIEX index rose 0.1
percent to 9,119.56, after closing down 0.2 percent in
the previous session.
The electro
Read more
boosted by a bounce in overseas markets but the gains were
limited on profit-taking in key heavyweight tech stocks.
Asian shares were higher on doubts the Federal Reserve
really would hike rates as soon as September as investors
continued to count on more policy stimulus elsewhere in the
world.
As of 0133 GMT, the main TAIEX index rose 0.1
percent to 9,119.56, after closing down 0.2 percent in
the previous session.
The electro
Read more
BRIEF-Agility health reports Q2 2016 financial results
* Agility health reports second quarter 2016 financial
results
Source text for Eikon:
Further company coverage:
Read more
results
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Hound partners llc reports 5.63 pct passive stake in Media General as of Aug 18
* Hound Partners LLC reports 5.63 percent passive stake in
Media General Inc as of August 18 - Sec filing
Source text (http://bit.ly/2bvC33C)
Further company coverage:
Read more
Media General Inc as of August 18 - Sec filing
Source text (http://bit.ly/2bvC33C)
Further company coverage:
Read more
BRIEF-Mangrove Partners Master Fund Ltd cuts stake in in fifth street asset management to 7.9 pct
* Mangrove Partners Master Fund Ltd Reports 7.9 Pct Stake In
Fifth Street Asset Management Inc As Of August 25 - Sec filing
Read more
Fifth Street Asset Management Inc As Of August 25 - Sec filing
Read more
Advent hires banks to sell control of Brazil port -sources
SAO PAULO, Aug 29 (Reuters) - Buyout firm Advent
International Corp has hired Morgan Stanley & Co and Grupo BTG
Pactual SA to advise on the sale of a controlling stake in TCP
Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest
container port, according to two people with direct knowledge of
the plans.
Read more
International Corp has hired Morgan Stanley & Co and Grupo BTG
Pactual SA to advise on the sale of a controlling stake in TCP
Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest
container port, according to two people with direct knowledge of
the plans.
Read more
Bankrupt Samson Resources, creditors reach restructuring deal
Aug 29 (Reuters) - Samson Resources Corp, one of the largest
energy companies to seek bankruptcy in the current commodities
slump, reached a new agreement with creditors that aims to bring
the company out of Chapter 11 under the ownership of its
second-lien lenders.
Read more
energy companies to seek bankruptcy in the current commodities
slump, reached a new agreement with creditors that aims to bring
the company out of Chapter 11 under the ownership of its
second-lien lenders.
Read more
UPDATE 2-Mexico says 2017 oil hedge guarantees $42 per barrel
MEXICO CITY, Aug 29 (Reuters) - Mexico's Finance Ministry on
Monday said it had wrapped up what traders consider the world's
biggest sovereign derivatives trade, guaranteeing an average
price of $42 per barrel for crude oil exports in 2017.
Read more
Monday said it had wrapped up what traders consider the world's
biggest sovereign derivatives trade, guaranteeing an average
price of $42 per barrel for crude oil exports in 2017.
Read more
UPDATE 1-U.S. immigration agency to review private prison deals; shares slide
WASHINGTON, Aug 29 (Reuters) - Department of Homeland
Security Secretary Jeh Johnson announced on Monday that he
directed his advisory council to evaluate whether the agency
should continue to contract with private prisons, news that hit
shares of private prison operators.
Read more
Security Secretary Jeh Johnson announced on Monday that he
directed his advisory council to evaluate whether the agency
should continue to contract with private prisons, news that hit
shares of private prison operators.
Read more
BRIEF-AK Bars Bank Q2 net profit down at RUB 1.37 billion
* Q2 net interest loss 1.85 billion roubles ($28.44 million) versus profit of 903.5 million
roubles year ago
Read more
roubles year ago
Read more
European shares lower on U.S. rate hike expectations, Alstom up
* Fingerprint Cards gains on client China launch
(Recasts, adds detail and updated prices at close)
Read more
(Recasts, adds detail and updated prices at close)
Read more
BRIEF-AKB Avangard H1 net profit up at RUB 2.1 billion
* H1 net interest income 2.94 billion roubles ($45.19 million) versus 3.43 billion roubles
year ago
Read more
year ago
Read more
UPDATE 2-Egyptian parliament approves value-added tax at 13 percent
CAIRO, Aug 29 (Reuters) - Egypt's parliament approved on
Monday a long-awaited law introducing a value-added tax of 13
percent, rising to 14 percent in the next fiscal year, a key
part of the government's plan to reform the economy and cut its
deficit.
Read more
Monday a long-awaited law introducing a value-added tax of 13
percent, rising to 14 percent in the next fiscal year, a key
part of the government's plan to reform the economy and cut its
deficit.
Read more
MIDEAST STOCKS-Qatar outperforms, rest of region sluggish
DUBAI, Aug 29 (Reuters) - Qatar's stock market outperformed
the Gulf on Monday as large-caps carried the index higher, but
other bourses were little changed as a fresh slide in oil prices
and a retreat in Asian share markets kept buyers away.
Read more
the Gulf on Monday as large-caps carried the index higher, but
other bourses were little changed as a fresh slide in oil prices
and a retreat in Asian share markets kept buyers away.
Read more
South Africa's Eskom denies blocking coal contract investigation
JOHANNESBURG, Aug 29 (Reuters) - South Africa's Eskom denied
on Monday that it was blocking a Treasury investigation into
coal contracts with Tegeta Exploration & Resources Ltd., a firm
controlled by the Gupta family.
Read more
on Monday that it was blocking a Treasury investigation into
coal contracts with Tegeta Exploration & Resources Ltd., a firm
controlled by the Gupta family.
Read more
Shareholder calls for strategic review at Ambac Financial
Aug 29 (Reuters) - Activist shareholder Joseph Pirinea said
on Monday bond insurer Ambac Financial Group should
hire an investment bank to review strategic alternatives.
Read more
on Monday bond insurer Ambac Financial Group should
hire an investment bank to review strategic alternatives.
Read more
Sri Lankan rupee ends firmer on exporter dollar sales
COLOMBO, Aug 29 (Reuters) - The Sri Lankan rupee ended
firmer on Monday as exporter dollar sales surpassed importer
demand for the greenback, dealers said.
Read more
firmer on Monday as exporter dollar sales surpassed importer
demand for the greenback, dealers said.
Read more
BRIEF-Dealnet reports continued growth in consumer finance receivables
* Dealnet reports continued growth in consumer finance
receivables driven by strong origination volumes in the second
quarter of 2016
Read more
receivables driven by strong origination volumes in the second
quarter of 2016
Read more
UPDATE 1-Thai Siam Commercial Bank targets 4 pct loan growth this year
BANGKOK, Aug 29 (Reuters) - Siam Commercial Bank Pcl
, Thailand's third-largest lender by assets, expects a 4
percent growth in its lending this year, which should help boost
revenue and profit to be slightly higher than last year, its
chief executive said on Monday.
Read more
, Thailand's third-largest lender by assets, expects a 4
percent growth in its lending this year, which should help boost
revenue and profit to be slightly higher than last year, its
chief executive said on Monday.
Read more
Statoil sees more Aker-BP type-deals in Norway oil sector
STAVANGER, Norway, Aug 29 (Reuters) - John Knight, Statoil's
executive vice-president for global strategy and
business development, told the ONS oil conference in Stavanger
on Monday:
Read more
executive vice-president for global strategy and
business development, told the ONS oil conference in Stavanger
on Monday:
Read more
Sunday, August 28, 2016
Morning News Call - India, August 29
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08292016.pdf
INDIA TOP NEWS
Dirty laundry: Welspun tangle highlights India's quality challenge
Questions over the exact provenance of bedsheets sold by Welspun India to
America's middle classes have not only wiped $740 million off the firm's market
value, but also revived one of Indian manufacturing's enduring headaches:
quality.
Paris prosecutor opens i
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08292016.pdf
INDIA TOP NEWS
Dirty laundry: Welspun tangle highlights India's quality challenge
Questions over the exact provenance of bedsheets sold by Welspun India to
America's middle classes have not only wiped $740 million off the firm's market
value, but also revived one of Indian manufacturing's enduring headaches:
quality.
Paris prosecutor opens i
Read more
BRIEF-Jinyuan Cement unit plans financial leasing for 154.3 mln yuan
* Says its Qinghai-based wholly owned cement unit signed a
financial leasing to sell partial equipments and facilities to
finance 154.3 million yuan
Read more
financial leasing to sell partial equipments and facilities to
finance 154.3 million yuan
Read more
Australia shares at 1-month low on U.S rate rise concerns
By Rushil Dutta and and Anusha Ravindranath
Australian stocks fell for a third straight session on Monday
to their lowest in over a month as sentiment was dampened by
comments from top U.S. Fed officials raising the possibility of
an interest rate hike this year.
Read more
Australian stocks fell for a third straight session on Monday
to their lowest in over a month as sentiment was dampened by
comments from top U.S. Fed officials raising the possibility of
an interest rate hike this year.
Read more
RPT--Taiwan stocks fall on weaker overseas markets, technical selling in TSMC
TAIPEI, Aug 29 (Reuters) - TAIPEI, Aug 29 (Reuters) -
Taiwan stocks fell on Monday tracking weakness in overseas
markets and on technical selling in heavyweight chipmaker TSMC
.
Read more
Taiwan stocks fell on Monday tracking weakness in overseas
markets and on technical selling in heavyweight chipmaker TSMC
.
Read more
UPDATE 1-Uber, Careem suspend services in UAE capital
ABU DHABI, Aug 28 (Reuters) - Ride-hailing companies Uber
and Careem have suspended services in Abu Dhabi, the
capital of the United Arab Emirates, since Saturday and do not
know when they can resume operations, they said on Sunday.
Read more
and Careem have suspended services in Abu Dhabi, the
capital of the United Arab Emirates, since Saturday and do not
know when they can resume operations, they said on Sunday.
Read more
Herbalife may have misled investors, SEC on impact of FTC deal, one short-seller says
BOSTON, Aug 28 (Reuters) - After U.S. multi-level marketing
company Herbalife settled a probe of its sales practices
with the U.S. Federal Trade Commission last month, top
executives assured investors that the company would be able to
thrive under the new rules.
Read more
company Herbalife settled a probe of its sales practices
with the U.S. Federal Trade Commission last month, top
executives assured investors that the company would be able to
thrive under the new rules.
Read more
Box Office: 'Don't Breathe' Scares Up $26.1 Million As Hot Summer for Horror Continues
LOS ANGELES, Aug 28 (Variety.com) - "Don't Breathe," a
twisty story of a group of teenage delinquents who pick the
wrong house to burglarize, dominated the late summer box office,
debuting to a potent $26.1 million and topping charts. It joins
a long list of recent horror films such as "The Purge: Election
Year," "The Conjuring 2," "Lights Out," and "The Shallows" that
have all found success with audiences. It's a genre that's
particularly attractive to studios, because these films don't
require
Read more
twisty story of a group of teenage delinquents who pick the
wrong house to burglarize, dominated the late summer box office,
debuting to a potent $26.1 million and topping charts. It joins
a long list of recent horror films such as "The Purge: Election
Year," "The Conjuring 2," "Lights Out," and "The Shallows" that
have all found success with audiences. It's a genre that's
particularly attractive to studios, because these films don't
require
Read more
MIDEAST STOCKS-Saudi and Qatar rebound, rest of region weak
DUBAI, Aug 28 (Reuters) - Stock markets in Saudi Arabia and
Qatar partially recovered on Sunday from last week's losses,
while other Gulf markets dropped in quiet trade and Egypt sank
as the government was hit by a corruption scandal in the wheat
industry.
Read more
Qatar partially recovered on Sunday from last week's losses,
while other Gulf markets dropped in quiet trade and Egypt sank
as the government was hit by a corruption scandal in the wheat
industry.
Read more
Allianz can weather long-lasting low interest rates -life insurance chief
FRANKFURT, Aug 28 (Reuters) - Europe's biggest insurer
Allianz has positioned its business to weather rock-bottom
interest rates that could last a "very long time", the head of
the German group's life insurance division told German media.
Read more
Allianz has positioned its business to weather rock-bottom
interest rates that could last a "very long time", the head of
the German group's life insurance division told German media.
Read more
Qatar National Bank gets go-ahead to open branch in India
DOHA, Aug 28 (Reuters) - Qatar National Bank (QNB)
has been given approval to open a branch in India offering
banking services, the Gulf region's largest lender said on
Sunday.
Read more
has been given approval to open a branch in India offering
banking services, the Gulf region's largest lender said on
Sunday.
Read more
Iraq asks Saudi Arabia to replace Saudi ambassador -Iraqi state TV
BAGHDAD, Aug 28 (Reuters) - Iraq's foreign ministry has
asked Saudi Arabia to replace its ambassador in Baghdad, Thamer
al-Sabhan, Iraqi state TV said on Sunday.
Read more
asked Saudi Arabia to replace its ambassador in Baghdad, Thamer
al-Sabhan, Iraqi state TV said on Sunday.
Read more
Spanish economic recovery helps boost El Corte Ingles profit
MADRID, Aug 28 (Reuters) - Core earnings for Spanish
department store chain El Corte Ingles were up 10 percent in
2015, it said on Sunday, buoyed by a consumer-driven economic
recovery, a strong tourism season and a lower debt burden.
Read more
department store chain El Corte Ingles were up 10 percent in
2015, it said on Sunday, buoyed by a consumer-driven economic
recovery, a strong tourism season and a lower debt burden.
Read more
MIDEAST STOCKS-Saudi and Qatar rebound, rest of Gulf mixed
DUBAI, Aug 28 (Reuters) - Stock markets in Saudi Arabia and
Qatar made a partial recovery on Sunday from last week's losses,
with other Gulf markets mixed in quiet trade.
Read more
Qatar made a partial recovery on Sunday from last week's losses,
with other Gulf markets mixed in quiet trade.
Read more
Saudi builder Khodari renews 132 mln riyal Islamic facility
DUBAI, Aug 28 (Reuters) - Saudi Arabian construction firm
Abdullah Abdul Mohsin al-Khodari and Sons said on
Sunday that it had renewed an existing 132 million riyal ($35.2
million) Islamic credit facility with Samba Financial Group
.
Read more
Abdullah Abdul Mohsin al-Khodari and Sons said on
Sunday that it had renewed an existing 132 million riyal ($35.2
million) Islamic credit facility with Samba Financial Group
.
Read more
Saturday, August 27, 2016
SNB's Maechler currently sees no scope to lift negative rates - interview
ZURICH, Aug 28 (Reuters) - The Swiss National Bank remains
committed to negative interest rates and currently sees no
opportunity to lift the policy, governing board member Andrea
Maechler told Swiss newspaper Sonntagsblick.
Read more
committed to negative interest rates and currently sees no
opportunity to lift the policy, governing board member Andrea
Maechler told Swiss newspaper Sonntagsblick.
Read more
MIDEAST STOCKS-Gulf may consolidate, few positives
DUBAI, Aug 28 (Reuters) - Gulf stock markets may consolidate
in quiet trade on Sunday with few positive factors to push them
up.
Read more
in quiet trade on Sunday with few positive factors to push them
up.
Read more
Global central bankers, stuck at zero, unite in plea for help from govts
JACKSON HOLE, Wyo., Aug 27 (Reuters) - Central bankers in
charge of the vast bulk of the world's economy delved deep into
the weeds of money markets and interest rates over a three-day
conference here, and emerged with a common plea to their
colleagues in the rest of government: please help.
Read more
charge of the vast bulk of the world's economy delved deep into
the weeds of money markets and interest rates over a three-day
conference here, and emerged with a common plea to their
colleagues in the rest of government: please help.
Read more
ECB rates could stay low unless other policy areas contribute: Coeure
FRANKFURT, Aug 27 (Reuters) - The European Central Bank's
ultra-loose monetary policies were enacted on the assumption
they would be temporary, but unless other policy areas started
contributing, rates could remain low, Executive Board member
Benoit Coeure said on Saturday.
Read more
ultra-loose monetary policies were enacted on the assumption
they would be temporary, but unless other policy areas started
contributing, rates could remain low, Executive Board member
Benoit Coeure said on Saturday.
Read more
UPDATE 1-ECB rates could stay low if other policy areas don't contribute: Coeure
FRANKFURT, Aug 27 (Reuters) - European Central Bank rates
could remain low unless other policy areas start contributing,
raising the risk that they could increasingly hit their
effective lower limit, a top policymaker said on Saturday.
Read more
could remain low unless other policy areas start contributing,
raising the risk that they could increasingly hit their
effective lower limit, a top policymaker said on Saturday.
Read more
German finmin says ECB's low interest rates "harmful"
BERLIN, Aug 27 (Reuters) - German Finance Minister Wolfgang
Schaeuble on Saturday renewed his criticism of the European
Central Bank's low interest rates, saying they were particularly
damaging for people saving up for their retirement.
Read more
Schaeuble on Saturday renewed his criticism of the European
Central Bank's low interest rates, saying they were particularly
damaging for people saving up for their retirement.
Read more
Fed should keep trillions in bonds to provide stability - paper
Aug 27 (Reuters) - The U.S. Federal Reserve should scrap a
plan to shrink its massive bond holdings and instead keep them
"indefinitely" as a new and little-recognized tool to protect
against financial shocks, according to research presented on
Saturday to some of the world's top central bankers.
Read more
plan to shrink its massive bond holdings and instead keep them
"indefinitely" as a new and little-recognized tool to protect
against financial shocks, according to research presented on
Saturday to some of the world's top central bankers.
Read more
Pacific Tropical Storm Lester now a hurricane - NHC
Aug 26 (Reuters) - Tropical Storm Lester has developed an
eye and is now a hurricane as it moved west in the Pacific Ocean
away from the mainland of Mexico, the National Hurricane Center
(NHC) said in an advisory on Friday.
Read more
eye and is now a hurricane as it moved west in the Pacific Ocean
away from the mainland of Mexico, the National Hurricane Center
(NHC) said in an advisory on Friday.
Read more
China to rein in aggressive acquisitions by insurers - Caixin
BEIJING, Aug 27 (Reuters) - China's insurance regulator will
limit the funding avenues for insurers to take stakes in other
companies, in an effort to crack down on aggressive
acquisitions, financial news outlet Caixin reported on Saturday,
citing anonymous industry sources.
Read more
limit the funding avenues for insurers to take stakes in other
companies, in an effort to crack down on aggressive
acquisitions, financial news outlet Caixin reported on Saturday,
citing anonymous industry sources.
Read more
Friday, August 26, 2016
Nigerian interbank rate trades flat on budget cash expectations
LAGOS, Aug 26 (Reuters) - Nigeria's overnight naira
interbank lending rate closed around the 20 percent level on
Friday, a range it has traded all week because of low liquidity
and the central bank's cash withdrawal through treasury bills
sales, traders said.
Read more
interbank lending rate closed around the 20 percent level on
Friday, a range it has traded all week because of low liquidity
and the central bank's cash withdrawal through treasury bills
sales, traders said.
Read more
BRIEF-Rackspace enters into a $4.3 bln transaction to become a private company through an acquisition
* Rackspace enters into a $4.3 billion transaction to become
a private company through an acquisition led by certain funds
managed by affiliates of Apollo Global Management
Read more
a private company through an acquisition led by certain funds
managed by affiliates of Apollo Global Management
Read more
Sri Lankan stocks end at 2-wk low;, diesel duty hike hurts
COLOMBO, Aug 26 (Reuters) - Sri Lankan shares ended at a
two-week low on Friday in moderate volume as investors booked
profits, while an increase in excise duty on diesel dragged on
Lanka OIC, pulling down the overall index.
Read more
two-week low on Friday in moderate volume as investors booked
profits, while an increase in excise duty on diesel dragged on
Lanka OIC, pulling down the overall index.
Read more
Takata shortlists Daicel, KKR, Ningbo, others in rescue search -sources
TOKYO, Aug 26 (Reuters) - Takata Corp has
shortlisted six or seven companies, including a competitor and
private-equity funds, as potential financial investors to bail
out the Japanese car-parts maker, people involved in the process
said.
Read more
shortlisted six or seven companies, including a competitor and
private-equity funds, as potential financial investors to bail
out the Japanese car-parts maker, people involved in the process
said.
Read more
Greek bank deposits drop in July after two-month rise
ATHENS, Aug 26 (Reuters) - Greek bank deposits dropped
slightly in July after a rise in the previous two months, data
released by the country's central bank showed on Friday.
Read more
slightly in July after a rise in the previous two months, data
released by the country's central bank showed on Friday.
Read more
Thursday, August 25, 2016
BRIEF-SABMiller publishes scheme documents in relation to AB InBev offer
* Today publishing scheme document, which is being sent, or
made available, to SABMiller shareholders
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
made available, to SABMiller shareholders
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
China Life to raise overseas investments to 15 pct of assets
HONG KONG, Aug 26 (Reuters) - China Life Insurance Co
, the country's biggest insurer by market
value, plans to boost its overseas investments to 15 percent of
total assets in coming years from about 2 percent now, its
vice-president said on Friday.
Read more
, the country's biggest insurer by market
value, plans to boost its overseas investments to 15 percent of
total assets in coming years from about 2 percent now, its
vice-president said on Friday.
Read more
BRIEF-Zug Estates Holding H1 net result down 37.3 pct at CHF 24.7 mln
* H1 net result 24.7 million Swiss francs ($25.56 million), down 37.3 percent; EBIT 32.8
million francs, down 33.7 percent
Read more
million francs, down 33.7 percent
Read more
Morning News Call - India, August 26
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08262016.pdf
FACTORS TO WATCH
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
7:00 pm: RBI Governor Raghuram Rajan to speak at Foreign Exchange Dealers
Association of India annual day in Mumbai.
GMF-ASIA LIVECHAT-GLOBAL MACROS with Megan Greene, MD and Chief Economist,
Manulife Asset Management
World equity markets are in a dizzying
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08262016.pdf
FACTORS TO WATCH
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
7:00 pm: RBI Governor Raghuram Rajan to speak at Foreign Exchange Dealers
Association of India annual day in Mumbai.
GMF-ASIA LIVECHAT-GLOBAL MACROS with Megan Greene, MD and Chief Economist,
Manulife Asset Management
World equity markets are in a dizzying
Read more
RPT-Energy company problems expose cracks in Singapore bond market
SINGAPORE, Aug 25 (Reuters) - The collapse of an oil
services company and the deterioration in the finances of some
other energy firms have exposed structural cracks in the
Singapore dollar corporate bond market.
Read more
services company and the deterioration in the finances of some
other energy firms have exposed structural cracks in the
Singapore dollar corporate bond market.
Read more
DEALTALK-Anbang's Hong Kong IPO to lift veil on Chinese group's backers
HONG KONG, Aug 26 (Reuters) - For investors and bankers
wanting to know more about who's behind Anbang Insurance Group,
China's second-largest life insurer, plans for a Hong Kong IPO
next year should provide some answers.
Read more
wanting to know more about who's behind Anbang Insurance Group,
China's second-largest life insurer, plans for a Hong Kong IPO
next year should provide some answers.
Read more
U.S. bank group to launch Zelle instant payments brand in 2017
NEW YORK, Aug 25 (Reuters) - A consortium of banks holding
the majority of U.S. consumer accounts plans to launch its
instant, person-to-person payments brand Zelle in the first half
of 2017, a spokesman said on Thursday.
Read more
the majority of U.S. consumer accounts plans to launch its
instant, person-to-person payments brand Zelle in the first half
of 2017, a spokesman said on Thursday.
Read more
UPDATE 2-Judge lets ex-NY assembly speaker Silver stay free during appeal
NEW YORK, Aug 25 (Reuters) - Sheldon Silver, former speaker
of the New York State Assembly, can stay free on bail while he
appeals his corruption conviction, a Manhattan federal judge
ruled on Thursday.
Read more
of the New York State Assembly, can stay free on bail while he
appeals his corruption conviction, a Manhattan federal judge
ruled on Thursday.
Read more
CORRECTED-U.S. agency rolls out refinance program for homeowners
NEW YORK, Aug 25 (Reuters) - The regulator of Fannie Mae and
Freddie Mac unveiled on Thursday a program aimed at homeowners
who are paying their mortgages on time but whose loan-to-value
(LTV) ratios are too high to qualify for traditional refinance
programs.
Read more
Freddie Mac unveiled on Thursday a program aimed at homeowners
who are paying their mortgages on time but whose loan-to-value
(LTV) ratios are too high to qualify for traditional refinance
programs.
Read more
MOVES-Citadel hires ex BlueCrest portfolio manager for London office
NEW YORK, Aug 25 (Reuters) - Former BlueCrest Capital
Management portfolio manager Ashish Goyal is set to join hedge
fund manager Citadel, a Citadel spokesman said on Thursday.
Read more
Management portfolio manager Ashish Goyal is set to join hedge
fund manager Citadel, a Citadel spokesman said on Thursday.
Read more
BRIEF-Tokyo Tatemono plans to raise 10 bln yen by issuing 15-yr bonds - Nikkei
* Tokyo Tatemono plans to raise 10 billion yen ($99.4 million) by issuing
15-year straight bonds - Nikkei
Read more
15-year straight bonds - Nikkei
Read more
UPDATE 5-Zuma says backs finance minister but can't stop investigation
* Opposition calls for debate on Gordhan "witch-hunt"
(Adds Gordhan at funeral service in Eastern Cape province)
Read more
(Adds Gordhan at funeral service in Eastern Cape province)
Read more
U.S. fines big Nebraska bank over credit card, ID theft marketing
Aug 25 (Reuters) - First National Bank of Omaha will pay
$35.25 million of fines and refunds to settle charges by two
U.S. regulators that it duped hundreds of thousands of customers
into buying credit card and identity theft services they did not
want, understand or receive. It also apologized to customers.
Read more
$35.25 million of fines and refunds to settle charges by two
U.S. regulators that it duped hundreds of thousands of customers
into buying credit card and identity theft services they did not
want, understand or receive. It also apologized to customers.
Read more
UPDATE 1-France's Nord Cereales suspends wheat deliveries - Euronext
PARIS, Aug 25 (Reuters) - French silo operator Nord Cereales
will stop taking deliveries in its silo in the northern port of
Dunkirk as of Aug 29, Euronext said in a statement.
Read more
will stop taking deliveries in its silo in the northern port of
Dunkirk as of Aug 29, Euronext said in a statement.
Read more
DBRS cautious over Portugal's CGD recapitalisation plans
Aug 25 (Reuters) - Credit rating agency DBRS said on
Thursday it was difficult to assess the impact on Portugal's
government rating from the plan to recapitalise state-owned bank
CGD until it was clear whether investors would buy new debt the
plan hinges on.
Read more
Thursday it was difficult to assess the impact on Portugal's
government rating from the plan to recapitalise state-owned bank
CGD until it was clear whether investors would buy new debt the
plan hinges on.
Read more
MONEY MARKETS-Three-month dollar Libor resumes rise
NEW YORK, Aug 25 (Reuters) - A closely watched measure of
the cost for banks to borrow three-month dollars rose on
Thursday to its highest level in more than seven years, with
tentative signs that its rise may be losing steam.
Read more
the cost for banks to borrow three-month dollars rose on
Thursday to its highest level in more than seven years, with
tentative signs that its rise may be losing steam.
Read more
BRIEF-Viking Therapeutics enters into $12.5 million common stock purchase agreement with Aspire Capital
* Viking Therapeutics enters into $12.5 million common stock
purchase agreement with Aspire Capital
Read more
purchase agreement with Aspire Capital
Read more
UPDATE 3-Italy quake death toll nears 250 as rescuers search demolished towns
* Many buried under rubble in their sleep
(adds details of victims in hotel, foreigners, food festival)
Read more
(adds details of victims in hotel, foreigners, food festival)
Read more
Deutsche Boerse, LSE submit merger to EU regulators for approval
LONDON, Aug 25 (Reuters) - Deutsche Boerse and
the London Stock Exchange Group said they have submitted
their $29 billion merger deal to European Union competition
regulators for approval.
Read more
the London Stock Exchange Group said they have submitted
their $29 billion merger deal to European Union competition
regulators for approval.
Read more
Deals of the day- Mergers and acquisitions
Aug 25 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Thursday:
Read more
and disposals were reported by 1000 GMT on Thursday:
Read more
UPDATE 1-China's big P2P platforms shrug off crackdown
HONG KONG/BEIJING, Aug 25 (Reuters) - China's bid to tame
its peer-to-peer (P2P) lending sector could cost smaller
platforms some business, but the impact on larger players will
be limited, and some of the new restrictions will be hard to
enforce, analysts and industry players said.
Read more
its peer-to-peer (P2P) lending sector could cost smaller
platforms some business, but the impact on larger players will
be limited, and some of the new restrictions will be hard to
enforce, analysts and industry players said.
Read more
BRIEF-Cinnober Financial Technology Q2 EBITDA turns to loss SEK 7.9 million
* Q2 net sales 72.9 million Swedish crowns ($8.67 million) versus 71.8 million crowns year
ago
Read more
ago
Read more
Sri Lankan rupee down on importer dollar demand
COLOMBO, Aug 25 (Reuters) - The Sri Lankan rupee traded
weaker on Thursday led by importer dollar demand while the
central bank appeared to have stopped giving a reference level
for the spot currency, dealers said.
Read more
weaker on Thursday led by importer dollar demand while the
central bank appeared to have stopped giving a reference level
for the spot currency, dealers said.
Read more
TABLE-Foreign trading in South Korean stocks
SEOUL, Aug 25 (Reuters) - Daily net trading in shares on
South Korea's main stock exchange by three major
categories of investors as of 0720 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
August 25 -318.8 253.1 -1.6
^August 24 -41.5 -39.0 -17.8
August 23 45.9 -216.3 79.1
August 22 -11.9 -
Read more
South Korea's main stock exchange by three major
categories of investors as of 0720 GMT, in billions of South
Korean won (a negative figure indicates net selling):
FOREIGNERS INSTITUTIONS RETAIL
August 25 -318.8 253.1 -1.6
^August 24 -41.5 -39.0 -17.8
August 23 45.9 -216.3 79.1
August 22 -11.9 -
Read more
Wednesday, August 24, 2016
U.S. weather service reports 'extremely dangerous' tornado near Indianapolis
WASHINGTON, Aug 24 (Reuters) - The National Weather Service
said on Wednesday a "confirmed large and extremely dangerous
tornado" was located near Indianapolis, Indiana and was moving
east at 20 miles per hour (32 kmh).
Read more
said on Wednesday a "confirmed large and extremely dangerous
tornado" was located near Indianapolis, Indiana and was moving
east at 20 miles per hour (32 kmh).
Read more
BRIEF-Monster issues open letter to stockholders
* Issued an open letter to stockholders in response to
Medianews Group, Inc.'s letter dated Friday, August 19, 2016
Read more
Medianews Group, Inc.'s letter dated Friday, August 19, 2016
Read more
UPDATE 2-EU, Portugal agree on 5 bln euro recapitalisation for ailing bank CGD
LISBON/BRUSSELS, Aug 24 (Reuters) - The European Commission
and Portugal have agreed in principle on the recapitalisation,
on market terms, of ailing state-owned bank CGD, envisaging an
injection of up to 2.7 billion euros ($3 billion) in state funds
and nearly as much in debt and equity.
Read more
and Portugal have agreed in principle on the recapitalisation,
on market terms, of ailing state-owned bank CGD, envisaging an
injection of up to 2.7 billion euros ($3 billion) in state funds
and nearly as much in debt and equity.
Read more
BRIEF-Iberiabank Corp - Board amended bylaws to change number of authorized directors to 11
* Effective Aug 19, 2016, board amended section 3.1 of the
bylaws to change number of authorized directors of from twelve
to eleven
Source - http://bit.ly/2bfQGrx
Further company coverage:
Read more
bylaws to change number of authorized directors of from twelve
to eleven
Source - http://bit.ly/2bfQGrx
Further company coverage:
Read more
Fitch: U.S. Cyber Insurance Premiums Total $1B Per New Supplemental Filing
(The following statement was released by the rating agency)
CHICAGO, August 24 (Fitch) Aggregating the cybersecurity
statutory supplement
data for the U.S. property/casualty (P/C) insurance industry
finds that
approximately 120 insurance groups reported writing cyber
coverage in 2015
totaling approximately $1 billion in direct written premiums
volume. Fitch
analyzed cyber insurance market share and performance in a new
special report,
'U.S. Cyber Insurance Market Share and Performance' that
Read more
CHICAGO, August 24 (Fitch) Aggregating the cybersecurity
statutory supplement
data for the U.S. property/casualty (P/C) insurance industry
finds that
approximately 120 insurance groups reported writing cyber
coverage in 2015
totaling approximately $1 billion in direct written premiums
volume. Fitch
analyzed cyber insurance market share and performance in a new
special report,
'U.S. Cyber Insurance Market Share and Performance' that
Read more
Euro area banks see net profit fall 20 pct in first quarter - ECB
FRANKFURT, Aug 24 (Reuters) - Euro area banks saw their
profits fall by a fifth in the first three months of this year
as they made less money from trading and most other business
areas, European Central Bank data showed on Wednesday.
Read more
profits fall by a fifth in the first three months of this year
as they made less money from trading and most other business
areas, European Central Bank data showed on Wednesday.
Read more
BRIEF-Moody's says Latin America's weak credit conditions to improve only gradually amid muted growth
* Moody's: Latin America's weak credit conditions to improve
only gradually amid muted growth
Read more
only gradually amid muted growth
Read more
Firing S.Africa's Gordhan would "destroy economy" - Manuel
JOHANNESBURG, Aug 24 (Reuters) - South Africa's economy, the
most developed on the continent, will be destroyed if President
Jacob Zuma fires Finance Minister Pravin Gordhan, ex-finance
minister Trevor Manuel said on Wednesday.
Read more
most developed on the continent, will be destroyed if President
Jacob Zuma fires Finance Minister Pravin Gordhan, ex-finance
minister Trevor Manuel said on Wednesday.
Read more
Victims of attacks in Israel lose U.S. appeal vs Lebanese bank
NEW YORK, Aug 24 (Reuters) - A U.S. court on Wednesday
rejected an appeal by victims of Hezbollah rocket attacks in
Israel who sought to hold Lebanese Canadian Bank SAL liable for
financing Hezbollah through its New York account with American
Express Bank.
Read more
rejected an appeal by victims of Hezbollah rocket attacks in
Israel who sought to hold Lebanese Canadian Bank SAL liable for
financing Hezbollah through its New York account with American
Express Bank.
Read more
MOVES- BNP Paribas, Old Mutual
Aug 24 (Reuters) - The following financial services industry
appointments were announced on Wednesday. To inform us of other
job changes, email moves@thomsonreuters.com.
Read more
appointments were announced on Wednesday. To inform us of other
job changes, email moves@thomsonreuters.com.
Read more
BRIEF-Epiq systems receives early termination of Hart-Scott-Rodino
* Epiq Systems receives early termination of
Hart-Scott-Rodino waiting period for acquisition by omers
private equity and harvest partners
Read more
Hart-Scott-Rodino waiting period for acquisition by omers
private equity and harvest partners
Read more
BRIEF-Concent Holding to develop apartments in Norrtälje Hamn
* Construction is planned for spring 2020 and apartments are expected to be ready for
move-in in 2022
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
move-in in 2022
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-Board of Oslo Børs imposes violation charge on Sandnes Sparebank
* Oslo Børs says resolved to impose a violation charge on Sandnes Sparebank of 658,400
Norwegian crowns ($80,262.34) for a breach of the duty to disclose inside information to the
market
Read more
Norwegian crowns ($80,262.34) for a breach of the duty to disclose inside information to the
market
Read more
Tuesday, August 23, 2016
China state asset manager: We'll closely monitor bonds to avoid defaults
SHANGHAI, Aug 24 (Reuters) - China's state asset manager
sought to ease market worries about possible defaults, pledging
on Wednesday to scrutinize bonds maturing in three months and
saying a state-owned railway firm has managed to avoid default.
Read more
sought to ease market worries about possible defaults, pledging
on Wednesday to scrutinize bonds maturing in three months and
saying a state-owned railway firm has managed to avoid default.
Read more
UPDATE 2-Strong quake hits central Italy, brings down buildings
ROME, Aug 24 (Reuters) - A strong earthquake struck central
Italy in the early hours of Wednesday, causing buildings to
collapse "with reports of victims" and sending panicked
residents fleeing into the streets of numerous towns and cities.
Read more
Italy in the early hours of Wednesday, causing buildings to
collapse "with reports of victims" and sending panicked
residents fleeing into the streets of numerous towns and cities.
Read more
Fitch Rates Xinyuan's Proposed USD Notes 'B(EXP)'
(The following statement was released by the rating agency)
HONG KONG, August 23 (Fitch) Fitch Ratings has assigned Xinyuan
Real Estate Co.,
Ltd.'s (Xinyuan: B/Stable) proposed US dollar senior notes a
'B(EXP)' expected
rating and Recovery Rating of 'RR4'.
The notes are rated at the same level as Xinyuan's senior
unsecured rating
because they constitute direct and senior unsecured obligations
of the company.
The final rating is subject to the receipt of final
documentation conforming to
inf
Read more
HONG KONG, August 23 (Fitch) Fitch Ratings has assigned Xinyuan
Real Estate Co.,
Ltd.'s (Xinyuan: B/Stable) proposed US dollar senior notes a
'B(EXP)' expected
rating and Recovery Rating of 'RR4'.
The notes are rated at the same level as Xinyuan's senior
unsecured rating
because they constitute direct and senior unsecured obligations
of the company.
The final rating is subject to the receipt of final
documentation conforming to
inf
Read more
Australia shares flat amid mixed financial results
SYDNEY/WELLINGTON, Aug 24(Reuters) - Australian shares
struggled to advance on Wednesday as mixed earnings reports
offset a boost from firmer mining and bank stocks.
Read more
struggled to advance on Wednesday as mixed earnings reports
offset a boost from firmer mining and bank stocks.
Read more
China's yuan back to fifth most-used world payment currency - SWIFT
HONG KONG, Aug 24 (Reuters) - China's yuan bounced back to
be the fifth most-active currency for global payments in July,
thanks to a big fall in payments in other currencies, global
transaction service provider SWIFT said on Wednesday.
Read more
be the fifth most-active currency for global payments in July,
thanks to a big fall in payments in other currencies, global
transaction service provider SWIFT said on Wednesday.
Read more
BRIEF-First Defiance Financial to buy Commercial Bancshares for transaction value of $63 mln
* First Defiance Financial Corp and Commercial Bancshares
Inc announce definitive merger agreement
Read more
Inc announce definitive merger agreement
Read more
China's Silk Road powers bids for $1.5 bln Pakistan utility stake
SINGAPORE/ISLAMABAD, Aug 24 (Reuters) - Chinese state-backed
firms are frontrunners to buy a $1.5 billion controlling stake
in Pakistani utility K-Electric, sources said, as they bet the
benefits of a Beijing-led economic corridor will trump the risks
of investing in Pakistan.
Read more
firms are frontrunners to buy a $1.5 billion controlling stake
in Pakistani utility K-Electric, sources said, as they bet the
benefits of a Beijing-led economic corridor will trump the risks
of investing in Pakistan.
Read more
Mongolians scrabble for dollars after local currency's plunge
ULAANBAATAR, Aug 24 (Reuters) - Making money amid Mongolia's
deepening economic crisis, currency dealers thronging the black
markets of Ulaanbaatar wave wads of American dollars and Chinese
yuan, warning desperate customers that foreign banknotes are
becoming scarcer by the day.
Read more
deepening economic crisis, currency dealers thronging the black
markets of Ulaanbaatar wave wads of American dollars and Chinese
yuan, warning desperate customers that foreign banknotes are
becoming scarcer by the day.
Read more
Caesars argues fresh lawsuit shield will help bankruptcy deal
CHICAGO, Aug 23 (Reuters) - The bankrupt operating unit of
Caesars Entertainment Corp asked a judge on Tuesday to
extend a lawsuit shield for its parent company, which a
financial advisor said is critical to making progress toward a
settlement with holdout creditors.
Read more
Caesars Entertainment Corp asked a judge on Tuesday to
extend a lawsuit shield for its parent company, which a
financial advisor said is critical to making progress toward a
settlement with holdout creditors.
Read more
Australia shares set to extend gains, New Zealand shares fall
SYDNEY, Aug 24 (Reuters) - Australian shares were poised to
edge higher on Wednesday as a stronger Wall Street pushed the
index towards a three-week high.
The local share price index futures rose 0.3
percent to 5,533 points, a 0.7-point discount to the underlying
S&P/ASX 200 index close. The benchmark rose 0.7 percent
on Tuesday as the index hit a three-week high.
New Zealand's benchmark S&P/NZX 50 index fell 0.2
percent in early trade.
For a summary of overnight action across globa
Read more
edge higher on Wednesday as a stronger Wall Street pushed the
index towards a three-week high.
The local share price index futures rose 0.3
percent to 5,533 points, a 0.7-point discount to the underlying
S&P/ASX 200 index close. The benchmark rose 0.7 percent
on Tuesday as the index hit a three-week high.
New Zealand's benchmark S&P/NZX 50 index fell 0.2
percent in early trade.
For a summary of overnight action across globa
Read more
US CBO says budget deficit to reach $590 bln for fiscal 2016
WASHINGTON, Aug 23 (Reuters) - The U.S. budget deficit is
expected to grow to $590 billion in fiscal year 2016 due to
slower than expected growth in revenues and higher spending for
programs including Social Security and Medicare, the
Congressional Budget Office said on Tuesday.
Read more
expected to grow to $590 billion in fiscal year 2016 due to
slower than expected growth in revenues and higher spending for
programs including Social Security and Medicare, the
Congressional Budget Office said on Tuesday.
Read more
BRIEF-Connectone bancorp files for mixed shelf of upto $50 mln
* Files for mixed shelf of upto $50 million - sec filing
Source text : http://bit.ly/2bLAREC
Further company coverage:
Read more
Source text : http://bit.ly/2bLAREC
Further company coverage:
Read more
AIG in talks to sell Lloyd's insurance business to CPPIB-WSJ
Aug 23 (Reuters) - American International Group Inc
is in early talks to sell Lloyd's of London Ltd's
insurance operations to Canada Pension Fund (CPPIB), the Wall
Street Journal reported on Tuesday.
Read more
is in early talks to sell Lloyd's of London Ltd's
insurance operations to Canada Pension Fund (CPPIB), the Wall
Street Journal reported on Tuesday.
Read more
MOVES-Former Itau banker joins buyside firm Noctua
NEW YORK, Aug 23 (IFR) - Ricardo Navarro, the former head of
international debt capital markets at Brazilian investment bank
Itau BBA, has joined asset management firm Noctua Partners as a
portfolio manager.
Read more
international debt capital markets at Brazilian investment bank
Itau BBA, has joined asset management firm Noctua Partners as a
portfolio manager.
Read more
Russia c.bank: govt decision on pensions no reason to change inflation forecast
MOSCOW, Aug 23 (Reuters) - Russia's central bank said on
Tuesday a government decision to make a one-off payment to
pensioners early next year was no reason to change its inflation
forecast.
Read more
Tuesday a government decision to make a one-off payment to
pensioners early next year was no reason to change its inflation
forecast.
Read more
European shares gain, led by housebuilders, mining companies
LONDON, Aug 23 (Reuters) - European shares advanced on
Tuesday, with housebuilders leading the market higher and mining
companies rebounding from their declines the day before.
Read more
Tuesday, with housebuilders leading the market higher and mining
companies rebounding from their declines the day before.
Read more
Azeri currency under pressure as demand for dollars grows
BAKU, Aug 23 (Reuters) - Azerbaijan's central bank pledged
on Tuesday to support the country's banks and currency and
called fears of another devaluation groundless.
Read more
on Tuesday to support the country's banks and currency and
called fears of another devaluation groundless.
Read more
BRIEF-Teckro, Inc says it has sold $6 million in equity financing - SEC Filing
* Teckro, Inc says it has sold $6 mln in equity financing -
SEC Filing
Source - http://bit.ly/2c35Ss4
Read more
SEC Filing
Source - http://bit.ly/2c35Ss4
Read more
BRIEF-Turkey's Akbank says to issue up to 10 billion lira in debt in domestic market
* To issue up to 10 billion lira in debt in domestic market
Further company coverage:
(Istanbul newsroom)
Read more
Further company coverage:
(Istanbul newsroom)
Read more
UPDATE 1-UBS's Zeltner warns rivals of pitfalls in Asian growth push
ZURICH, Aug 23 (Reuters) - The head of the world's biggest
wealth manager on Tuesday warned rivals turning to Asia for
growth that achieving profitability in the region will prove
challenging.
Read more
wealth manager on Tuesday warned rivals turning to Asia for
growth that achieving profitability in the region will prove
challenging.
Read more
ECB balance sheet expanded by 16.8 bln euros last week
FRANKFURT, xxxxx (Reuters) - The combined balance sheet of
the European Central Bank and the euro zone's 19 national
central banks expanded by 16.8 billion euros to 3.313 trillion
euros in the week to August 19, the ECB said on Tuesday.
Read more
the European Central Bank and the euro zone's 19 national
central banks expanded by 16.8 billion euros to 3.313 trillion
euros in the week to August 19, the ECB said on Tuesday.
Read more
BRIEF-Viex Capital Advisors believes Immersion has strategic opportunities
* Viex Capital Advisors says it believes there are strategic
opportunities for Immersion Corp - SEC filing
Read more
opportunities for Immersion Corp - SEC filing
Read more
UBS's Zeltner says bank focused on organic growth
ZURICH, Aug 23 (Reuters) - Swiss bank UBS will
approach any possible acquisitions with caution and is focused
on growing organically, its wealth management head said on
Tuesday.
Read more
approach any possible acquisitions with caution and is focused
on growing organically, its wealth management head said on
Tuesday.
Read more
UPDATE 2-Turkey cuts rates again despite ratings worries
* President has repeatedly called for cheaper bank credit
(Adds analyst comment, details on inflation)
Read more
(Adds analyst comment, details on inflation)
Read more
UPDATE 1-Bank of Montreal's quarterly earnings beat expectations
TORONTO, Aug 23 (Reuters) - Bank of Montreal
reported a 3 percent increase in quarterly earnings, ahead of
market expectations, on strength in its retail and commercial
banking and capital markets businesses.
Read more
reported a 3 percent increase in quarterly earnings, ahead of
market expectations, on strength in its retail and commercial
banking and capital markets businesses.
Read more
CANADA STOCKS-Futures rise tracking world stocks amid Fed limbo
Aug 23 (Reuters) - Stock futures pointed to a higher opening
for Canada's main stock index on Tuesday, tracking world
markets, as investors await further clues on whether the U.S.
Federal Reserve will raise interest rates this year.
Read more
for Canada's main stock index on Tuesday, tracking world
markets, as investors await further clues on whether the U.S.
Federal Reserve will raise interest rates this year.
Read more
EU mergers and takeovers (Aug 23)
BRUSSELS, Aug 23 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
Read more
review by the European Commission and a brief guide to the EU
merger process:
Read more
MIDEAST STOCKS-Gulf continues sliding as oil sags
DUBAI, Aug 23 (Reuters) - Gulf stock markets continued
dropping early on Tuesday after Brent crude oil fell
back below $49 a barrel and short-term technicals for several
indexes in the region turned negative over the past few days.
Read more
dropping early on Tuesday after Brent crude oil fell
back below $49 a barrel and short-term technicals for several
indexes in the region turned negative over the past few days.
Read more
Hong Kong shares barely move as investors await Fed policy clues
Aug 23 (Reuters) - Hong Kong shares were roughly flat on
Tuesday as investors awaited clues on U.S. monetary policies
from the coming annual conference of the Federal Reserve.
Read more
Tuesday as investors awaited clues on U.S. monetary policies
from the coming annual conference of the Federal Reserve.
Read more
India's NSE names Citigroup, 3 others to manage IPO
MUMBAI, Aug 23 (Reuters) - India's National Stock Exchange
(NSE) on Tuesday named four banks, including Citigroup and
Morgan Stanley, to manage its planned initial public offering of
shares next year.
Read more
(NSE) on Tuesday named four banks, including Citigroup and
Morgan Stanley, to manage its planned initial public offering of
shares next year.
Read more
Danish consumer confidence rises to 4.8 points in August
COPENHAGEN, Aug 23 (Reuters) - Denmark's consumer confidence
index rose to 4.8 points in August from 3.1 points in July, the
statistics office said on Tuesday.
August 2016 July 2016 FY 2015
Consumer confidence 4.8 3.1 8.9
The monthly survey asks a cross section of Denmark's
population its views on current personal and national economic
trends, along with consumer intentions for the coming months.
For further details in Danish, Thom
Read more
index rose to 4.8 points in August from 3.1 points in July, the
statistics office said on Tuesday.
August 2016 July 2016 FY 2015
Consumer confidence 4.8 3.1 8.9
The monthly survey asks a cross section of Denmark's
population its views on current personal and national economic
trends, along with consumer intentions for the coming months.
For further details in Danish, Thom
Read more
Monday, August 22, 2016
BRIEF-Magnolia Bostad Q2 operating profit doubles to SEK 115.4 million
* Q2 operating profit 115.4 million Swedish crowns ($13.81 million) versus 53.8 million
crowns year ago
Read more
crowns year ago
Read more
China fund managers ramp up stock connect marketing as regulations ease
SHANGHAI, Aug 23 (Reuters) - Chinese investment managers,
taking advantage of a significant step to open up investment
flows in and out of China, are aggressively marketing
well-priced Hong Kong shares to mainland investors through
stock connect schemes.
Read more
taking advantage of a significant step to open up investment
flows in and out of China, are aggressively marketing
well-priced Hong Kong shares to mainland investors through
stock connect schemes.
Read more
COLUMN-Emerging markets may enjoy secular stagnation: James Saft
Aug 23 (Reuters) - A low-growth world won't be an easy one
for emerging markets, but at least the Federal Reserve will keep
the water in the bath warm.
Read more
for emerging markets, but at least the Federal Reserve will keep
the water in the bath warm.
Read more
Moody's downgrades Brazil's Odebrecht construction company
SAO PAULO, Aug 22 (Reuters) - Moody's Investors Service
downgraded the credit ratings of two units of Odebrecht SA, the
engineering and construction company and the financial holding
entity, citing liquidity and reputational risks for the
Brazilian conglomerate, which is one of the main targets of the
country widest-ever corruption probe.
Read more
downgraded the credit ratings of two units of Odebrecht SA, the
engineering and construction company and the financial holding
entity, citing liquidity and reputational risks for the
Brazilian conglomerate, which is one of the main targets of the
country widest-ever corruption probe.
Read more
Barclays mandates banks for U.S. dollar AT1 securities
HONG KONG, Aug 23 (IFR) - Barclays PLC has mandated
itself as sole bookrunner and structuring adviser for a U.S.
dollar Reg S Additional Tier 1 offering.
Read more
itself as sole bookrunner and structuring adviser for a U.S.
dollar Reg S Additional Tier 1 offering.
Read more
UPDATE 1-California wildfire prompts weeklong closure of Hearst Castle
Aug 22 (Reuters) - The historic Hearst Castle, a major
tourist attraction on California's central coast, will be closed
to the public through the week as a safety precaution due to a
wildfire in the area that has destroyed more than 30 homes,
state officials said on Monday.
Read more
tourist attraction on California's central coast, will be closed
to the public through the week as a safety precaution due to a
wildfire in the area that has destroyed more than 30 homes,
state officials said on Monday.
Read more
Fitch: Asian Regulatory Reforms to Increase Appetite for Reinsurance
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Asian Reinsurance Markets
https://www.fitchratings.com/site/re/886340
SINGAPORE/HONG KONG, August 22 (Fitch) Fitch Ratings believes
that various
regulatory initiatives in the region could lead indirectly to
greater demand for
reinsurance, as direct insurers rethink risk-management
strategies and appetite.
Asian regulators have implemented - or are in the process of
implementing - a
range of measures th
Read more
Link to Fitch Ratings' Report: Asian Reinsurance Markets
https://www.fitchratings.com/site/re/886340
SINGAPORE/HONG KONG, August 22 (Fitch) Fitch Ratings believes
that various
regulatory initiatives in the region could lead indirectly to
greater demand for
reinsurance, as direct insurers rethink risk-management
strategies and appetite.
Asian regulators have implemented - or are in the process of
implementing - a
range of measures th
Read more
Australia shares poised for flat start, NZ at record highs
SYDNEY, Aug 23 (Reuters) - Australian shares are likely to
start mostly unchanged on Tuesday as they track Wall Street, but
a drop in metals and oil prices overnight are expected to weigh
on the benchmark index.
Local share price index futures slipped 0.1 percent
to 5,494 points, a 21.1 point discount to the underlying
benchmark, which lost 0.21 percent on Monday.
Caltex Australia and Oil Search report
half-year figures.
New Zealand's benchmark S&P/NZX 50 index hit another
record hi
Read more
start mostly unchanged on Tuesday as they track Wall Street, but
a drop in metals and oil prices overnight are expected to weigh
on the benchmark index.
Local share price index futures slipped 0.1 percent
to 5,494 points, a 21.1 point discount to the underlying
benchmark, which lost 0.21 percent on Monday.
Caltex Australia and Oil Search report
half-year figures.
New Zealand's benchmark S&P/NZX 50 index hit another
record hi
Read more
IMF evaluates Ghana's fiscal outlook, could review assistance program
ACCRA, Aug 22 (Reuters) - The International Monetary Fund
(IMF) is evaluating Ghana's fiscal outlook for the rest of 2016
and will consider the third review of the country's $918 million
assistance programme next month subject to the outcome, the
Washington-based lender said on Monday.
Read more
(IMF) is evaluating Ghana's fiscal outlook for the rest of 2016
and will consider the third review of the country's $918 million
assistance programme next month subject to the outcome, the
Washington-based lender said on Monday.
Read more
REFILE-UPDATE 1-Cinven to acquire pharmaceutical research firm Bioclinica
Aug 22 (Reuters) - Cinven Ltd said on Monday it agreed to
acquire BioClinica Inc from two other buyout firms, Water Street
Healthcare Partners and JLL Partners, in a deal that sources
said values the U.S. clinical trials company at around $1.4
billion, including debt.
Read more
acquire BioClinica Inc from two other buyout firms, Water Street
Healthcare Partners and JLL Partners, in a deal that sources
said values the U.S. clinical trials company at around $1.4
billion, including debt.
Read more
BRIEF-Leo Acquisitions says intends to seek shareholder approval for a 1-for-3.3 consolidation
* At meeting, company, among other things, intends to seek
shareholder approval for a 1-for-3.3 consolidation
Read more
shareholder approval for a 1-for-3.3 consolidation
Read more
UPDATE 2-Citigroup, AT&T end litigation over 'thanks'
NEW YORK, Aug 22 (Reuters) - Citigroup Inc and AT&T
Inc have ended a court battle over whether the "AT&T
thanks" customer loyalty program infringed Citigroup's trademark
in the phrase "thankyou."
Read more
Inc have ended a court battle over whether the "AT&T
thanks" customer loyalty program infringed Citigroup's trademark
in the phrase "thankyou."
Read more
UPDATE 1-U.S. appeals court declines to reconsider Bank of America ruling
NEW YORK, Aug 22 (Reuters) - A U.S. appeals court refused on
Monday to reconsider its decision to overturn a $1.27 billion
penalty against Bank of America Corp and a jury verdict
finding it liable for mortgage fraud leading up to the 2008
financial crisis.
Read more
Monday to reconsider its decision to overturn a $1.27 billion
penalty against Bank of America Corp and a jury verdict
finding it liable for mortgage fraud leading up to the 2008
financial crisis.
Read more
Citigroup, AT&T end litigation over 'thanks'
NEW YORK, Aug 22 (Reuters) - Citigroup Inc and AT&T
Inc have ended their litigation over the latter's use of
the phrase "AT&T thanks" on a customer loyalty program, which
the bank said was too similar to its trademarked "thankyou."
Read more
Inc have ended their litigation over the latter's use of
the phrase "AT&T thanks" on a customer loyalty program, which
the bank said was too similar to its trademarked "thankyou."
Read more
BRIEF-Dai-Ichi Life Insurance Co Ltd to acquire United States Warranty Corp - Nikkei
* Dai-Ichi Life Insurance to acquire united states warranty
corp for deal valued at $127 million - nikkei
Read more
corp for deal valued at $127 million - nikkei
Read more
President says Peru owes nothing to fund in bond dispute -report
LIMA, Aug 22 (Reuters) - Peru's new president, Pedro Pablo
Kuczynski, said the government does not owe anything to a
U.S.-based investment fund that is suing the Andean country over
disputed bond payments, Latin Finance reported on Monday.
Read more
Kuczynski, said the government does not owe anything to a
U.S.-based investment fund that is suing the Andean country over
disputed bond payments, Latin Finance reported on Monday.
Read more
UPDATE 1-British PM faces struggle to keep executive pay in check
* Data shows binding pay policy votes little used
(Adds Parry on plans for employees 'representation on the
board)
Read more
(Adds Parry on plans for employees 'representation on the
board)
Read more
Wells Fargo to pay $4.1 mln for illegal student loan practices-CFPB
Aug 22 (Reuters) - A Wells Fargo & Co unit will pay a total
of $4.1 million to settle charges that it engaged in illegal
private student loan servicing practices that unfairly penalized
certain borrowers, the Consumer Finance Protection Bureau (CFPB)
said on Monday.
Read more
of $4.1 million to settle charges that it engaged in illegal
private student loan servicing practices that unfairly penalized
certain borrowers, the Consumer Finance Protection Bureau (CFPB)
said on Monday.
Read more
BRIEF-Armour Residential REIT co-CEO buys 5,000 shares of company at avg price of $22.07/share - SEC filing
* Co-CEO Ulm Scott reports open market purchase of 5000
shares of common stock, par value $0.001 per share at average
price of $22.07 per share - SEC filing
Source text -
Further company coverage:
Read more
shares of common stock, par value $0.001 per share at average
price of $22.07 per share - SEC filing
Source text -
Further company coverage:
Read more
BRIEF-Armour Residential REIT's Co-CEO, President, Jeffrey Zimmer reports open market purchase of 10,000 shares co's common stock
* Co-CEO, President, Jeffrey Zimmer reports open market
purchase of 10,000 shares co's common stock at average price of
$22.11per share
Read more
purchase of 10,000 shares co's common stock at average price of
$22.11per share
Read more
BRIEF-Oriana Resources says no longer proceeding with the Graphene Lighting Plc deal
* Oriana Resources Corporation announces that it will no
longer be proceeding with its qualifying transaction with
Graphene Lighting Plc
Read more
longer be proceeding with its qualifying transaction with
Graphene Lighting Plc
Read more
BRIEF-Valiant Investment Holdings LLC says it has sold $50.4 mln in equity financing
* Valiant Investment Holdings LLC says it has sold $50.4 mln
in equity financing - SEC Filing
Source - http://bit.ly/2bfPArR
Read more
in equity financing - SEC Filing
Source - http://bit.ly/2bfPArR
Read more
StanChart cuts African private equity team as economies struggle
JOHANNESBURG, Aug 22 (Reuters) - The head of Standard
Chartered's African fund, which has $800 million
invested, is set to leave the bank as it trims its private
equity team on the continent, its global head of private equity
said on Monday.
Read more
Chartered's African fund, which has $800 million
invested, is set to leave the bank as it trims its private
equity team on the continent, its global head of private equity
said on Monday.
Read more
Baltic Exchange board backs SGX bid for London firm
SINGAPORE, Aug 22 (Reuters) - The Baltic Exchange board has
unanimously backed a takeover bid from Singapore Exchange Ltd
, a deal that will give SGX access to a trading
platform for the multi-billion dollar freight derivatives
market.
Read more
unanimously backed a takeover bid from Singapore Exchange Ltd
, a deal that will give SGX access to a trading
platform for the multi-billion dollar freight derivatives
market.
Read more
BRIEF-China Lending Qtrly EPS $0.31
* Announces 2016 guidance: expects over 16% and 20% increase
in revenue and net income, respectively, as compared to 2015
Read more
in revenue and net income, respectively, as compared to 2015
Read more
BRIEF-Mara Delta to buy Tamassa Resort for $40 mln on a cash, debt free basis
* Has entered into a non-binding heads of terms with Néréide
Limited, a wholly-owned subsidiary of Lux Island Resorts
Limited, for acquisition of Tamassa Resort
Read more
Limited, a wholly-owned subsidiary of Lux Island Resorts
Limited, for acquisition of Tamassa Resort
Read more
BRIEF-Nexus Capital Management buys 4.35 mln H-shares in China Vanke - HKEx disclosure
* Nexus Capital Management Limited's Nexus Diversified Asia
Real Estate Fund has bought 4.35 million H-shares in China Vanke
Co Ltd , taking holdings to 9.32 percent
from 8.99 percent
Read more
Real Estate Fund has bought 4.35 million H-shares in China Vanke
Co Ltd , taking holdings to 9.32 percent
from 8.99 percent
Read more
GE's plan to take on debt could pressure credit metrics -Moody's
Aug 22 (Reuters) - General Electric Co's plan to take
on $20 billion of debt adds to the "uncertainty surrounding its
ability to mitigate" pressure on credit metrics, Moody's
Investors Service said on Monday.
Read more
on $20 billion of debt adds to the "uncertainty surrounding its
ability to mitigate" pressure on credit metrics, Moody's
Investors Service said on Monday.
Read more
BRIEF-Banco del Caribe to propose dividend of 1.04 billion bolivar
* Said on Friday will propose to the general meeting held on
Sept. 15 a dividend payment of 1.04 billion bolivar ($104.26
million), that is 10.00 bolivar per share
Read more
Sept. 15 a dividend payment of 1.04 billion bolivar ($104.26
million), that is 10.00 bolivar per share
Read more
Sunday, August 21, 2016
BRIEF-Fukuoka Financial Group unit sets up insurance unit
* Says its unit The Bank Of Fukuoka Ltd sets up a wholly
owned subsidiary in Fukuoka, which will be mainly engaged in
insurance related business, on Aug. 16, with investment of 400
million yen
Read more
owned subsidiary in Fukuoka, which will be mainly engaged in
insurance related business, on Aug. 16, with investment of 400
million yen
Read more
BRIEF-Avic Aviation High-Technology to set up compound material JV
* Says it plans to set up a JV in Nantong with a holding
company, industry-guiding fund and individuals
Read more
company, industry-guiding fund and individuals
Read more
MIDEAST STOCKS-Gulf may be soft after oil, global bourses pull back
DUBAI, Aug 22 (Reuters) - Gulf stocks may be soft on Monday
after the global environment weakened, with oil and Asian
equities pulling back amid concern that a U.S. Federal Reserve
gathering this week in Jackson Hole, Wyoming may signal the U.S.
central bank is gearing up to hike interest rates.
Read more
after the global environment weakened, with oil and Asian
equities pulling back amid concern that a U.S. Federal Reserve
gathering this week in Jackson Hole, Wyoming may signal the U.S.
central bank is gearing up to hike interest rates.
Read more
Taiwan stocks fall; Mega Financial plunges after NY branched fined by regulators
TAIPEI, Aug 22 (Reuters) - Taiwan stocks fell on Monday,
weighed down by declines in Mega Financial Holding Co Ltd
after its New York banking branch was fined $180
million by New York State's financial services department for
anti-money laundering violations that included lax attention to
risk exposure in Panama.
Read more
weighed down by declines in Mega Financial Holding Co Ltd
after its New York banking branch was fined $180
million by New York State's financial services department for
anti-money laundering violations that included lax attention to
risk exposure in Panama.
Read more
South Korea's boxed-in Kospi sends investors looking abroad
SEOUL, Aug 22 (Reuters) - South Korean shares have been
emerging Asia's most becalmed for six years, trading in a narrow
range as a sluggish economy and weak exports stifle profits and
investment, sending local investors increasingly in search of
returns elsewhere.
Read more
emerging Asia's most becalmed for six years, trading in a narrow
range as a sluggish economy and weak exports stifle profits and
investment, sending local investors increasingly in search of
returns elsewhere.
Read more
Louisiana residents without flood insurance face uncertainty
BATON ROUGE, La., Aug 21 (Reuters) - Quenton Robins watched
on Sunday morning as a giant metal claw clamped down on his
mother's ruined belongings, snapping wooden cabinets with an
audible crack as the operator of a giant mechanized arm slowly
cleared a mound of debris from her yard in Baton Rouge.
Read more
on Sunday morning as a giant metal claw clamped down on his
mother's ruined belongings, snapping wooden cabinets with an
audible crack as the operator of a giant mechanized arm slowly
cleared a mound of debris from her yard in Baton Rouge.
Read more
Italy's Renzi not worried at all about Monte dei Paschi
MARINA DI PIETRASANTA, Italy, Aug 21 (Reuters) - Italian
Prime Minister Matteo Renzi said on Sunday he was not worried
about the situation at Italian lender Banca Monte dei Paschi di
Siena.
Read more
Prime Minister Matteo Renzi said on Sunday he was not worried
about the situation at Italian lender Banca Monte dei Paschi di
Siena.
Read more
Box Office: 'Ben-Hur' Flops With $11.4 Million, 'Suicide Squad' Still on Top
LOS ANGELES, Aug 21 (Variety.com) - "Ben-Hur" derailed
spectacularly at the multiplexes this weekend, as the latest
attempt to revive the chariot racing epic opened to an anemic
$11.4 million. That's a disastrous result for the $100 million
production, putting "Ben-Hur" in the ranks of the summer's
biggest flops.
Read more
spectacularly at the multiplexes this weekend, as the latest
attempt to revive the chariot racing epic opened to an anemic
$11.4 million. That's a disastrous result for the $100 million
production, putting "Ben-Hur" in the ranks of the summer's
biggest flops.
Read more
MIDEAST STOCKS-Gulf edges down despite petchems; Telecom Egypt climbs
DUBAI, Aug 21 (Reuters) - Most Gulf stock markets edged down
on Sunday despite strength in some Saudi Arabian petrochemical
shares, while Telecom Egypt boosted Egypt's bourse
slightly.
Read more
on Sunday despite strength in some Saudi Arabian petrochemical
shares, while Telecom Egypt boosted Egypt's bourse
slightly.
Read more
RPT-UPDATE 2-Soccer-Liverpool not for sale despite Chinese interest - source
LONDON, Aug 21 (Reuters) - The American owners of Liverpool,
one of the most famous teams in English soccer, are not planning
to sell, a senior source at the club said on Sunday, after
reports that a Chinese-backed consortium wanted to buy a
sizeable stake.
Read more
one of the most famous teams in English soccer, are not planning
to sell, a senior source at the club said on Sunday, after
reports that a Chinese-backed consortium wanted to buy a
sizeable stake.
Read more
Soccer-Senior Liverpool source says club not up for sale
LONDON, Aug 21 (Reuters) - The American owners of England's Liverpool Football Club are not planning to sell, a senior source at the soccer club said on Sunday, after reports that they were gearing up for the possible sale of a stake to a Chinese-backed consortium.
Read more
Read more
Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance
CAIRO, Aug 21 (Reuters) - Egypt expects its eurobond
issuance at the end of September or early October to have a
yield between 5.5 percent and 6 percent, Deputy Finance Minister
for fiscal policies Ahmed Kojak told Reuters on Sunday.
Read more
issuance at the end of September or early October to have a
yield between 5.5 percent and 6 percent, Deputy Finance Minister
for fiscal policies Ahmed Kojak told Reuters on Sunday.
Read more
Patel's naming as India cbank chief to comfort markets as continuity seen
NEW DELHI/MUMBAI, Aug 21 (Reuters) - India's incoming
central bank governor Urjit Patel will aggressively fight
inflation and continue a policy of a stable rupee and cash
injections into the financial system, investors said, offering a
comforting degree of continuity to his predecessor's policies.
Read more
central bank governor Urjit Patel will aggressively fight
inflation and continue a policy of a stable rupee and cash
injections into the financial system, investors said, offering a
comforting degree of continuity to his predecessor's policies.
Read more
RPT-UPDATE 1-Soccer-Liverpool hire advisers after Chinese bid - report
Aug 20 (Reuters) - Liverpool's owners have hired an
investment bank to advise on the possible sale of a sizeable
stake in the club to a Chinese consortium, the Financial Times
said on Saturday citing sources close to the matter.
Read more
investment bank to advise on the possible sale of a sizeable
stake in the club to a Chinese consortium, the Financial Times
said on Saturday citing sources close to the matter.
Read more
MIDEAST STOCKS-Petchems boost Saudi but markets mostly sluggish
DUBAI, Aug 21 (Reuters) - Petrochemical shares boosted Saudi
Arabia's stock market early on Sunday on the back of strong oil
prices but most share markets in the Gulf were barely changed.
Read more
Arabia's stock market early on Sunday on the back of strong oil
prices but most share markets in the Gulf were barely changed.
Read more
Saudi Arabia's ACWA Power expands revolving credit facility
DUBAI, Aug 21 (Reuters) - Saudi Arabia-based power and water
project developer ACWA Power said on Sunday it had
increased a revolving credit facility secured last year by 600
million riyals ($160 million) to 1.30 billion riyals.
Read more
project developer ACWA Power said on Sunday it had
increased a revolving credit facility secured last year by 600
million riyals ($160 million) to 1.30 billion riyals.
Read more
Saturday, August 20, 2016
CORRECTED-China's Bohai Steel $28.9 billion debt plan to get local support - Caixin
BEIJING, Aug 21 (Reuters) - Bohai Steel Group, the indebted
state-owned conglomerate, may receive help from a local
government bailout fund to restructure its debts, the online
financial magazine Caixin said at the weekend.
Read more
state-owned conglomerate, may receive help from a local
government bailout fund to restructure its debts, the online
financial magazine Caixin said at the weekend.
Read more
New Indian cenbank head's arduous task: getting banks to lower rates
MUMBAI, Aug 21 (Reuters) - One of the biggest challenges for
India's incoming central bank chief is a problem he and his
predecessor have long grappled with - how to spur stubborn state
banks to cut borrowing costs more aggressively to boost the
economy.
Read more
India's incoming central bank chief is a problem he and his
predecessor have long grappled with - how to spur stubborn state
banks to cut borrowing costs more aggressively to boost the
economy.
Read more
Debris piles mark the start long road to recovery in flooded Louisiana
BATON ROUGE, La., Aug 20 (Reuters) - Renee Deal still hopes
to salvage the wedding photo album placed out to dry on Saturday
in the carport of her flood-ravaged house in southern Louisiana.
Read more
to salvage the wedding photo album placed out to dry on Saturday
in the carport of her flood-ravaged house in southern Louisiana.
Read more
Goldman, S.Korea fund to buy majority stake in cookware firm Happycall
SEOUL, Aug 21 (Reuters) - Goldman Sachs Group Inc and
South Korean private equity firm EastBridge Partners said on
Sunday they have agreed to acquire a majority stake in cookware
and kitchen appliances maker Happycall Co Ltd.
Read more
South Korean private equity firm EastBridge Partners said on
Sunday they have agreed to acquire a majority stake in cookware
and kitchen appliances maker Happycall Co Ltd.
Read more
NEWSMAKER-Solitary by nature, India's new central bank head steps into spotlight
MUMBAI, Aug 20 (Reuters) - India's incoming central bank
governor, Urjit Patel, is widely regarded as having the
professional and academic credentials he needs to make a success
of his new job.
Read more
governor, Urjit Patel, is widely regarded as having the
professional and academic credentials he needs to make a success
of his new job.
Read more
EXOR says Dutch base makes it easier to invest, raise funds
MILAN, Aug 20 (Reuters) - Italy's EXOR, the
holding company of the Agnelli family, said switching its base
to the Netherlands will make it easier to carry out acquisitions
and raise funds in the future.
Read more
holding company of the Agnelli family, said switching its base
to the Netherlands will make it easier to carry out acquisitions
and raise funds in the future.
Read more
Magnitude 6 quake strikes off Japanese coast
LONDON, Aug 20 (Reuters) - An earthquake measuring 6.0
struck off the east coast of Japan in the early hours of Sunday,
the U.S. Geological Survey reported.
Read more
struck off the east coast of Japan in the early hours of Sunday,
the U.S. Geological Survey reported.
Read more
India names Urjit Patel as next RBI governor - PMO
MUMBAI, Aug 20 (Reuters) - India's government promoted Urjit
Patel, a deputy governor in charge of monetary policy at the
Reserve Bank of India, to serve as its next governor for a
three-year term, it said on Saturday.
Read more
Patel, a deputy governor in charge of monetary policy at the
Reserve Bank of India, to serve as its next governor for a
three-year term, it said on Saturday.
Read more
UPDATE 1-India appoints insider Urjit Patel as new central bank governor
NEW DELHI/MUMBAI, Aug 20 (Reuters) - India's government
promoted Urjit Patel, a deputy governor in charge of monetary
policy at the Reserve Bank of India, to serve as its next
governor for a three-year term, it said on Saturday.
Read more
promoted Urjit Patel, a deputy governor in charge of monetary
policy at the Reserve Bank of India, to serve as its next
governor for a three-year term, it said on Saturday.
Read more
BRIEF-Corrections Corp Of America CEO Damon Hininger reports purchase of 2,870 shares at $16.60/share
* CEO Damon Hininger reports purchase of 2,870 shares of
co's common stock on Aug 18 at $16.60/share - SEC filing
Source text for Eikon:
Further company coverage:
Read more
co's common stock on Aug 18 at $16.60/share - SEC filing
Source text for Eikon:
Further company coverage:
Read more
India's SBI says will gain $120 bln in assets from takeover of units
NEW DELHI, Aug 20 (Reuters) - State Bank of India (SBI)
, the nation's biggest lender by assets, will gain $120
billion in assets following its merger with associate banks and
Bhartiya Mahila Bank, the lender said in a statement on
Saturday.
Read more
, the nation's biggest lender by assets, will gain $120
billion in assets following its merger with associate banks and
Bhartiya Mahila Bank, the lender said in a statement on
Saturday.
Read more
Friday, August 19, 2016
BRIEF-United Insurance Holdings says to pay sole stockholder $9.3 mln as termination fee
* If deal is terminated under certain specified
circumstances, co to pay sole stockholder $9.3 million
termination fee
Read more
circumstances, co to pay sole stockholder $9.3 million
termination fee
Read more
BRIEF-CIFC to pay F.A.B. Holdings I LP a termination fee of $13.3 mln upon termination of deal
* To pay F.A.B. Holdings I LP a termination fee of $13.3
million in cash upon termination of deal under certain specified
circumstances
Source text for Eikon:
Further company coverage:
Read more
million in cash upon termination of deal under certain specified
circumstances
Source text for Eikon:
Further company coverage:
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Travelers former CEO Jay Fishman dies at 63
Aug 19 (Reuters) - Jay Fishman, chairman and former chief
executive of property and casualty insurer Travelers Cos Inc
, died on Friday.
Read more
executive of property and casualty insurer Travelers Cos Inc
, died on Friday.
Read more
Chinese power conglomerates becoming dominant forces in Brazil
SAO PAULO, Aug 19 (Reuters) - Chinese power conglomerates
are gradually becoming the dominant force in Brazil's
electricity industry, where high debt, a harsh recession and
less stringent takeover barriers than in other major markets
have stoked a wave of acquisitions.
Read more
are gradually becoming the dominant force in Brazil's
electricity industry, where high debt, a harsh recession and
less stringent takeover barriers than in other major markets
have stoked a wave of acquisitions.
Read more
BRIEF-Travelers mourns death of former CEO Jay Fishman
* Death of Jay Fishman, its executive chairman of board and
former chief executive officer
Source text for Eikon:
Further company coverage:
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former chief executive officer
Source text for Eikon:
Further company coverage:
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UPDATE 1-Speculative net longs in U.S. 10-year T-notes lowest since June -CFTC
(Adds details on latest weekly data)
Aug 19 (Reuters) - Speculators' net bullish bets on U.S.
10-year Treasury note futures fell for a third week to their
lowest since early June, according to Commodity Futures Trading
Commission data released on Friday.
The amount of speculators' bullish, or long, positions in
10-year Treasury futures exceeded bearish, or short, positions
by 26,619 contracts on Aug. 16, according to the CFTC's latest
Commitments of Traders data.
The drop in specu
Read more
Venezuela's PDVSA in talks with Credit Suisse for bond swap
CARACAS/HOUSTON, Aug 19 (Reuters) - Venezuelan state oil
company PDVSA has begun talks with Credit Suisse AG
for a possible swap of bonds expiring in 2017,
according to sources familiar with the conversations.
Read more
company PDVSA has begun talks with Credit Suisse AG
for a possible swap of bonds expiring in 2017,
according to sources familiar with the conversations.
Read more
BRIEF-Sompo Japan Nipponkoa Holdings to offer individual health insurance in Chinese market - Nikkei
* Sompo Japan Nipponkoa Holdings will offer individual
health insurance in Chinese market, with plans to sign up
employees of Japanese businesses - Nikkei
Source text - (http://s.nikkei.com/2bDvo3O)
Read more
health insurance in Chinese market, with plans to sign up
employees of Japanese businesses - Nikkei
Source text - (http://s.nikkei.com/2bDvo3O)
Read more
IEX's 'Flash Boys' exchange goes live, aims to disrupt market
NEW YORK, Aug 19 (Reuters) - IEX Group, the upstart trading
venue featured in Michael Lewis's book "Flash Boys: A Wall
Street Revolt," began operations as a public stock exchange on
Friday after more than 2-1/2 years as an off-exchange trading
platform.
Read more
venue featured in Michael Lewis's book "Flash Boys: A Wall
Street Revolt," began operations as a public stock exchange on
Friday after more than 2-1/2 years as an off-exchange trading
platform.
Read more
BRIEF-QRF H1 net current result up by 44.0 pct to 3.62 million euros
* H1 net current result up by 44.0 pct to 3.62 million euros
($4.10 million) (versus 2.52 million euros in first half of
2015)
Read more
($4.10 million) (versus 2.52 million euros in first half of
2015)
Read more
BRIEF-DUFL, Inc says it has sold $5.4 million in equity financing
* DUFL, Inc says it has sold $5.4 million in equity
financing - SEC Filing
Source - http://bit.ly/2bt1HE9
Read more
financing - SEC Filing
Source - http://bit.ly/2bt1HE9
Read more
BSI settles bonus lawsuit with former Asia head
ZURICH, Aug 19 (Reuters) - Swiss private bank BSI, which was
involved in a corruption scandal linked to its dealings with
Malaysian state investor 1MDB, has settled a lawsuit over bonus
payments to the former head of its Asian operations.
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involved in a corruption scandal linked to its dealings with
Malaysian state investor 1MDB, has settled a lawsuit over bonus
payments to the former head of its Asian operations.
Read more
BRIEF-Sweett Group says RICS panel imposes fine over bribery case
* Announces outcome of a disciplinary panel held by Royal
Institute Of Chartered Surveyors on August 17
Read more
Institute Of Chartered Surveyors on August 17
Read more
Britain not to trigger EU divorce before end of year - Downing Street
LONDON, Aug 19 (Reuters) - British Prime Minister Theresa
May will not begin formal divorce talks on leaving the European
Union before the end of the year, a government spokeswoman said
on Friday.
Read more
May will not begin formal divorce talks on leaving the European
Union before the end of the year, a government spokeswoman said
on Friday.
Read more
BRIEF-Gdynska Grupa Finansowa acquires 0.6 mln of Grupa Jaguar shares
* Gdynska Grupa Finansowa acquires 0.6 million of the
company's series E shares for 168,000 zlotys ($44,200)
Source text for Eikon:
Further company coverage:
($1 = 3.8023 zlotys)
(Gdynia Newsroom)
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company's series E shares for 168,000 zlotys ($44,200)
Source text for Eikon:
Further company coverage:
($1 = 3.8023 zlotys)
(Gdynia Newsroom)
Read more
RBS to charge some corporate customers for deposits in Britain
LONDON, Aug 19 (Reuters) - Some large corporate clients who
bank with Royal Bank of Scotland face the prospect of
paying to hold cash in their accounts from Monday, a source
close to the bank said, the first in Britain to charge negative
interest rates on deposits.
Read more
bank with Royal Bank of Scotland face the prospect of
paying to hold cash in their accounts from Monday, a source
close to the bank said, the first in Britain to charge negative
interest rates on deposits.
Read more
UPDATE 1-Indonesia central bank leaves key rate unchanged, lowers economic forecast
JAKARTA, Aug 19 (Reuters) - Indonesia's central bank kept
its new benchmark rate unchanged on Friday, reduced its forecast
for economic growth this year and said there was room for more
monetary easing.
Read more
its new benchmark rate unchanged on Friday, reduced its forecast
for economic growth this year and said there was room for more
monetary easing.
Read more
BRIEF-MediaNews Group says opposes Monster Worldwide's sale to Randstad
* Medianews Group, Inc. Says Sent A Letter To Monster
Worldwide Inc.'s Board Of Directors Disclosing An 11.6%
Ownership Stake In Monster's Shares
Read more
Worldwide Inc.'s Board Of Directors Disclosing An 11.6%
Ownership Stake In Monster's Shares
Read more
REFILE-Cambridge University innovation investor raises 75 million pounds
LONDON, Aug 19 (Reuters) - Cambridge Innovation Capital,
which commercializes technology and healthcare research from
Cambridge University, has raised 75 million pounds ($98 million)
from investors, including for the first time Woodford Investment
Management.
Read more
which commercializes technology and healthcare research from
Cambridge University, has raised 75 million pounds ($98 million)
from investors, including for the first time Woodford Investment
Management.
Read more
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