PARIS, Sept 22 (Reuters) - French state-owned bank Caisse
des Depots (CDC) said on Thursday it was selling 22.5 million
shares in French water and waste group Veolia, about 4
percent of Veolia's share capital, through a placing with
institutional investors.
Read more
Thursday, September 22, 2016
Reduce 'huge sums' paid to VW bosses, says activist investor TCI
LONDON, Sept 22 (Reuters) - Volkswagen should
reduce the "huge sums of money" paid to executives and any
bonuses should be given in shares, activist investor TCI Fund
Management said in a letter to the car company seen by Reuters.
Read more
reduce the "huge sums of money" paid to executives and any
bonuses should be given in shares, activist investor TCI Fund
Management said in a letter to the car company seen by Reuters.
Read more
MOVES-KPMG, MSCI, Rothschild Group, Liquidnet
Sept 22 (Reuters) - The following financial services
industry appointments were announced on Thursday. To inform us
of other job changes, email moves@thomsonreuters.com.
Read more
industry appointments were announced on Thursday. To inform us
of other job changes, email moves@thomsonreuters.com.
Read more
UPDATE 1-Brazil's inflation eases, bolstering case for rate cut
(Adds details, market reaction)
By Silvio Cascione
BRASILIA, Sept 22 (Reuters) - Brazil's inflation rate eased
more than expected in mid-September as food prices fell,
underscoring bets on an imminent interest rate cut by the
central bank.
Consumer prices as measured by the IPCA-15 index
rose 0.23 percent in the month to mid-September,
down from 0.45 in the previous month, government statistics
agency IBGE said on Thursday. The index had been expected to
rise 0.35 percent, accord
Read more
Georgia c.bank sells $20 mln at currency auction on Thursday
TBILISI, Sept 22 (Reuters) - Georgia's central bank sold $20
million at a currency auction on Thursday, to support the
national currency.
Read more
million at a currency auction on Thursday, to support the
national currency.
Read more
BRIEF-Bharat Financial Inclusion announces issuance of commercial papers worth 1 bln rupees
* Issuance of commercial papers of an aggregate amount of
INR 1 billion
Source text: http://bit.ly/2cw14Jk
Further company coverage:
(Bengaluru newsroom)
Read more
INR 1 billion
Source text: http://bit.ly/2cw14Jk
Further company coverage:
(Bengaluru newsroom)
Read more
UPDATE 1-Turkey cuts rates again while eyeing inflation, rating
ISTANBUL, Sept 22 (Reuters) - Turkey's central bank cut its
overnight lending rate by 25 basis points on Thursday, setting
aside concerns about inflation and possible ratings downgrades
after repeated calls from President Tayyip Erdogan for cheaper
credit.
Read more
overnight lending rate by 25 basis points on Thursday, setting
aside concerns about inflation and possible ratings downgrades
after repeated calls from President Tayyip Erdogan for cheaper
credit.
Read more
Indonesia tax amnesty picks up pace, more than 100,000 join - ministry
JAKARTA, Sept 22 (Reuters) - After a slow start, Indonesia's
tax amnesty programme has picked up pace with 100,000
Indonesians taking part and declaring more than $110 billion of
assets, the finance ministry said on Thursday.
Read more
tax amnesty programme has picked up pace with 100,000
Indonesians taking part and declaring more than $110 billion of
assets, the finance ministry said on Thursday.
Read more
Slovenian banks reduce bad loans to 7.3 pct of all loans in July
LJUBLJANA, Sept 22 (Reuters) - Slovenian banks in July
reduced their loans with payment delayed by 90 days or more to
2.4 billion euros or 7.3 percent of all loans, down from 8
percent a month earlier, the Bank of Slovenia said on Thursday.
Read more
reduced their loans with payment delayed by 90 days or more to
2.4 billion euros or 7.3 percent of all loans, down from 8
percent a month earlier, the Bank of Slovenia said on Thursday.
Read more
BRIEF-Intesa Sanpaolo takes 5 bln euros at ECB funding operation
* it took around 5 billion euros ($5.61 billion) at
Thursday's TLTRO 2 funding operation conducted by the European
Central Bank
Further company coverage:
($1 = 0.8906 euros)
(Reporting by Milan newsroom)
Read more
Thursday's TLTRO 2 funding operation conducted by the European
Central Bank
Further company coverage:
($1 = 0.8906 euros)
(Reporting by Milan newsroom)
Read more
BRIEF-Hwang Capital Malaysia updates on provision of financial assistance
* Secured and unsecured loans amounting to rm4.4 million and
rm60,507 respectively were granted to third parties by its unit
Read more
rm60,507 respectively were granted to third parties by its unit
Read more
BRIEF-Swedish AGORA's rights issue of SEK 160 million oversubscribed
* Rights issue ordinary A and B shares of 160 million Swedish crowns ($18.8
million)oversubscribed
Read more
million)oversubscribed
Read more
Russia opens book for $1.25 bln in Eurobond top up - sources
MOSCOW, Sept 22 (Reuters) - Russia's finance ministry has
opened a book to top up its sovereign Eurobond issue, planning
to raise an additional $1.25 billion, two financial market
sources told Reuters on Thursday.
Read more
opened a book to top up its sovereign Eurobond issue, planning
to raise an additional $1.25 billion, two financial market
sources told Reuters on Thursday.
Read more
European shares touch 2-week high as Fed keeps rates unchanged
LONDON, Sept 22 (Reuters) - European shares climbed to a
two-week high on Thursday, boosted by a rally in mining
equities, after the U.S. Federal Reserve left interest rates
unchanged and projected a less aggressive path for hikes next
year and in 2018.
Read more
two-week high on Thursday, boosted by a rally in mining
equities, after the U.S. Federal Reserve left interest rates
unchanged and projected a less aggressive path for hikes next
year and in 2018.
Read more
BRIEF-Prime Car Management aims to increase ROE by at least 3 pct by end-2019
* Aims to increase assets by 10 percent per annum and ROE by
at least 3 percent by the end of 2019 versus H1 2016
Read more
at least 3 percent by the end of 2019 versus H1 2016
Read more
Wednesday, September 21, 2016
SE Asia Stocks-Rise after Fed stands pat
By Suhail Hassan Bhat
Sept 22 (Reuters) - Southeast Asian stocks rose on Thursday,
reflecting gains in Asian peers, with financials leading the
rise after the Federal Reserve kept U.S. interest rates
unchanged and projected a less aggressive path for rate hikes in
the coming years.
MSCI's broadest index of Asia-Pacific shares outside Japan
extended gains to 1.3 percent in its sixth
straight session of increases.
"No rate hike by the Fed coupled with monetary easing signal
by the Ba
Read more
Sept 22 (Reuters) - Southeast Asian stocks rose on Thursday,
reflecting gains in Asian peers, with financials leading the
rise after the Federal Reserve kept U.S. interest rates
unchanged and projected a less aggressive path for rate hikes in
the coming years.
MSCI's broadest index of Asia-Pacific shares outside Japan
extended gains to 1.3 percent in its sixth
straight session of increases.
"No rate hike by the Fed coupled with monetary easing signal
by the Ba
Read more
GLOBAL MARKETS-Asian shares surge, dollar falters on slow-motion Fed
SINGAPORE/SYDNEY, Sept 22 (Reuters) - Asian shares rallied
on Thursday, taking their cue from Wall Street, after the
Federal Reserve left U.S. interest rates unchanged and slowed
the pace of future hikes, knocking the dollar and lifting
commodity prices.
Read more
on Thursday, taking their cue from Wall Street, after the
Federal Reserve left U.S. interest rates unchanged and slowed
the pace of future hikes, knocking the dollar and lifting
commodity prices.
Read more
BRIEF-China Merchants Securities to pay 2016 H1 div on Sept. 29
* Says it will pay cash dividend of 1.54 yuan per 10 shares
(before tax) to shareholders for 2016 H1 as a record of Sept. 28
Read more
(before tax) to shareholders for 2016 H1 as a record of Sept. 28
Read more
Developer Sunac China to buy 17 pct of enlarged Jinke Property for $600 mln
HONG KONG, Sept 22 (Reuters) - Property developer Sunac
China Holdings Ltd said late on Wednesday that a
subsidiary would buy a 17 percent stake in smaller peer Jinke
Property's enlarged capital for 4 billion yuan
($599.75 million) in a private placement.
Read more
China Holdings Ltd said late on Wednesday that a
subsidiary would buy a 17 percent stake in smaller peer Jinke
Property's enlarged capital for 4 billion yuan
($599.75 million) in a private placement.
Read more
Cinda AM hires banks for US dollar Additional Tier 1 bonds
HONG KONG, Sept 22 (IFR) - China Cinda Asset Management
, rated A3/A-/A, has named Bank of America Merrill
Lynch, Cinda International, BOC International, Goldman Sachs,
HSBC and Credit Suisse as joint global coordinators for an
offering of US dollar-denominated Additional Tier 1 notes.
Read more
, rated A3/A-/A, has named Bank of America Merrill
Lynch, Cinda International, BOC International, Goldman Sachs,
HSBC and Credit Suisse as joint global coordinators for an
offering of US dollar-denominated Additional Tier 1 notes.
Read more
惠譽確認中信集團‘A’評等；展望負向
(The following statement was released by the rating agency)
TAIPEI, September 21 (Fitch)
惠譽國際信用評等公司今日確認台灣中國信託金融控股公司(中信金)及其子公司全部的評等，子公司包括中國信託商業銀行(中信銀)，台灣人壽保險公司(台灣人壽)及中國信託
綜合證券(中信證)，各公司之評等展望為負向。詳細的評等結果列示於本新聞稿末。
中信銀的發行人違約評等(IDRs)、個別實力評等(VR)及國內評等為中信集團成員的基準評等(anchor rating)
。中信金的評等與評等展望皆與中信銀一致。
負向評等展望反映中信銀的整體獲利，因子行東京之星銀行(東京之星)較低之獲利水準造成結構性稀釋的影響，以及中信銀於擴張區域市場之際，在執行、作業、經理人資源等層面
所面臨的風險。
評等確認乃基於惠譽評估中信銀的核心資本將可維持在亞洲相近評等同業於相同的風險性資本基礎上的平均水準。管理階層致力於透過調控成長策略與集團資本配置來持續提升其資本
體質。此將有助紓緩子公司東京之星較低的獲利對中信銀內部資本形成所帶來
Read more
TAIPEI, September 21 (Fitch)
惠譽國際信用評等公司今日確認台灣中國信託金融控股公司(中信金)及其子公司全部的評等，子公司包括中國信託商業銀行(中信銀)，台灣人壽保險公司(台灣人壽)及中國信託
綜合證券(中信證)，各公司之評等展望為負向。詳細的評等結果列示於本新聞稿末。
中信銀的發行人違約評等(IDRs)、個別實力評等(VR)及國內評等為中信集團成員的基準評等(anchor rating)
。中信金的評等與評等展望皆與中信銀一致。
負向評等展望反映中信銀的整體獲利，因子行東京之星銀行(東京之星)較低之獲利水準造成結構性稀釋的影響，以及中信銀於擴張區域市場之際，在執行、作業、經理人資源等層面
所面臨的風險。
評等確認乃基於惠譽評估中信銀的核心資本將可維持在亞洲相近評等同業於相同的風險性資本基礎上的平均水準。管理階層致力於透過調控成長策略與集團資本配置來持續提升其資本
體質。此將有助紓緩子公司東京之星較低的獲利對中信銀內部資本形成所帶來
Read more
UPDATE 1-e.l.f. Beauty prices IPO at $17, above indicated $14-$16 range -source
Sept 21 (Reuters) - Budget cosmetics company e.l.f. Beauty
Inc priced its initial public offering (IPO) above
expectations on Wednesday, raising $141 million, according to a
person familiar with the matter.
Read more
Inc priced its initial public offering (IPO) above
expectations on Wednesday, raising $141 million, according to a
person familiar with the matter.
Read more
German committee reaches deal on inheritance tax break reforms for firms' heirs
BERLIN, Sept 22 (Reuters) - The mediation committee of
Germany's upper and lower houses of parliament has agreed to
reform tax breaks for people who inherit firms, officials said
on Thursday, after a bitter dispute between political parties
that has lasted nearly two years.
Read more
Germany's upper and lower houses of parliament has agreed to
reform tax breaks for people who inherit firms, officials said
on Thursday, after a bitter dispute between political parties
that has lasted nearly two years.
Read more
Belchambers-led Brexit forum to launch in October
Sept 22 (Reuters) - An advisory forum on Brexit bringing
together figures from Britain's financial services industry who
campaigned on both sides of the referendum debate will formally
launch on Oct. 19.
Read more
together figures from Britain's financial services industry who
campaigned on both sides of the referendum debate will formally
launch on Oct. 19.
Read more
UPDATE 1-Brazil's BR Properties mulls offering in sign of possible M&A
SAO PAULO, Sept 21 (Reuters) - BR Properties SA is analyzing
whether to raise capital through a share offering, Chief
Executive Martin Jaco said on Wednesday, a sign that the
Brazilian commercial real estate company is preparing for
potential acquisitions in coming months.
Read more
whether to raise capital through a share offering, Chief
Executive Martin Jaco said on Wednesday, a sign that the
Brazilian commercial real estate company is preparing for
potential acquisitions in coming months.
Read more
UPDATE 3-U.S. SEC charges fund manager Cooperman with insider trading
NEW YORK, Sept 21 (Reuters) - The top U.S. securities
regulator on Wednesday charged billionaire investor Leon
Cooperman with insider trading, making him the highest-profile
target in years in Washington's ongoing crackdown on illegal
trading at hedge funds.
Read more
regulator on Wednesday charged billionaire investor Leon
Cooperman with insider trading, making him the highest-profile
target in years in Washington's ongoing crackdown on illegal
trading at hedge funds.
Read more
U.S. SEC charges thrust billionaire Cooperman into spotlight
NEW YORK, Sept 21 (Reuters) - The latest insider trading
charges by U.S. securities regulators placed an unwelcome
spotlight on billionaire Leon Cooperman, the son of a Bronx
plumber who rose to become one of the most gifted stock pickers
of his generation.
Read more
charges by U.S. securities regulators placed an unwelcome
spotlight on billionaire Leon Cooperman, the son of a Bronx
plumber who rose to become one of the most gifted stock pickers
of his generation.
Read more
UPDATE 1-NZ's central bank stands pat but keeps door open to easing
WELLINGTON, Sept 22 (Reuters) - New Zealand's central bank
held its benchmark interest rate at 2.0 percent on Thursday but
reiterated that further easing will be required.
Read more
held its benchmark interest rate at 2.0 percent on Thursday but
reiterated that further easing will be required.
Read more
BRIEF-Special Opportunities Fund offering to purchase up to 1.15 mln common shares of fund
* Offering to purchase up to 1.15 million common shares of
fund at 97% of net asset value per common share
Source text for Eikon:
Further company coverage:
Read more
fund at 97% of net asset value per common share
Source text for Eikon:
Further company coverage:
Read more
Hedge fund manager Cooperman vows to fight insider trading charges
BOSTON, Sept 21 (Reuters) - Billionaire investor Leon
Cooperman on Wednesday told his investors he will fight the U.S.
government's insider trading charges against him and declined to
settle the case because he will not let anyone destroy his
legacy.
Read more
Cooperman on Wednesday told his investors he will fight the U.S.
government's insider trading charges against him and declined to
settle the case because he will not let anyone destroy his
legacy.
Read more
UPDATE 3-Caixabank bids for Banco BPI after takeover hurdle cleared
* Angolan, local shareholders tried to block bid
(Updates and recasts with reformulated Caixabank offer)
Read more
(Updates and recasts with reformulated Caixabank offer)
Read more
Former top BofA female banker settles 'bro's club' bias lawsuit
NEW YORK, Sept 21 (Reuters) - Bank of America Corp
has settled a lawsuit by a former top female banker who had
accused it of being a "bro's club" that favored male employees
over women, and punishing her because she complained about
questionable activity.
Read more
has settled a lawsuit by a former top female banker who had
accused it of being a "bro's club" that favored male employees
over women, and punishing her because she complained about
questionable activity.
Read more
REFILE-MOVES-BlueCrest hires two ex-Visium portfolio managers
LONDON, Sept 21 (Reuters) - BlueCrest Capital Management has
hired two former money managers from shuttered Visium Asset
Management's London office.
Read more
hired two former money managers from shuttered Visium Asset
Management's London office.
Read more
BRIEF-Catalytic says sold $11.1 million in equity financing - SEC filing
* Says sold $11.1 million in equity financing - SEC filing
Source text (http://bit.ly/2cHTM55)
Read more
Source text (http://bit.ly/2cHTM55)
Read more
BRIEF-Confluence Resources Holdings LP says it has sold $235.2 mln in equity financing
* Confluence Resources Holdings LP says it has sold $235.2
mln in equity financing - Sec filing
Read more
mln in equity financing - Sec filing
Read more
Fitch Downgrades AgeRio to 'C' Following Action on Parent
(The following statement was released by the rating agency)
RIO DE JANEIRO, September 21 (Fitch) Fitch Ratings has
downgraded Agencia de
Fomento do Estado do Rio de Janeiro S.A.'s (AgeRio) Long-Term
Local and Foreign
Currency Issuer Default Ratings (IDRs) to 'C' from 'B-' and
Long-Term National
Ratings to 'C(bra)' from 'BB-(bra)'. A full list of rating
actions follows at
the end of this release.
KEY RATING DRIVERS - IDRS, NATIONAL RATINGS, SUPPORT RATINGS
The rating action mirrors the recent
Read more
RIO DE JANEIRO, September 21 (Fitch) Fitch Ratings has
downgraded Agencia de
Fomento do Estado do Rio de Janeiro S.A.'s (AgeRio) Long-Term
Local and Foreign
Currency Issuer Default Ratings (IDRs) to 'C' from 'B-' and
Long-Term National
Ratings to 'C(bra)' from 'BB-(bra)'. A full list of rating
actions follows at
the end of this release.
KEY RATING DRIVERS - IDRS, NATIONAL RATINGS, SUPPORT RATINGS
The rating action mirrors the recent
Read more
CORRECTED-Yum China files to issue 10 mln shares to some Yum Brands employees
Sept 21 (Reuters) - Yum China Holdings Inc, which is being
spun off from KFC owner Yum Brands Inc, filed with
regulators on Wednesday to issue 10 million common shares to
certain participants in Yum Brands' incentive plans.
Read more
spun off from KFC owner Yum Brands Inc, filed with
regulators on Wednesday to issue 10 million common shares to
certain participants in Yum Brands' incentive plans.
Read more
CORRECTED-UPDATE 1-Yum China files to issue 10 mln shares to Yum Brands shareholders
Sept 21 (Reuters) - Yum China Holdings Inc, which is being
spun off from KFC owner Yum Brands Inc, filed with
regulators on Wednesday to issue 10 million common shares to
certain participants in Yum Brands' incentive plans.
Read more
spun off from KFC owner Yum Brands Inc, filed with
regulators on Wednesday to issue 10 million common shares to
certain participants in Yum Brands' incentive plans.
Read more
Fitch sees European bank fines likely below Deutsche's $14 bln
LONDON, Sept 21 (Reuters) - European banks are likely to
reach final U.S. settlements over alleged mis-selling of
mortgage-backed securities well below the $14 billion claimed by
the Department of Justice against Deutsche Bank, Fitch Ratings
said on Wednesday.
Read more
reach final U.S. settlements over alleged mis-selling of
mortgage-backed securities well below the $14 billion claimed by
the Department of Justice against Deutsche Bank, Fitch Ratings
said on Wednesday.
Read more
Fitch Affirms Saudi Banks; Downgrades 2 Viability Ratings
(The following statement was released by the rating agency)
DUBAI/LONDON, September 21 (Fitch) Fitch Ratings has affirmed 11
Saudi Arabian
banks' Long-Term Issuer Default Ratings (LTIDRs) and downgraded
the Viability
Ratings (VRs) of two of the reviewed banks, Riyad Bank (Riyad)
and Arab National
Bank (ANB), to 'bbb+' from 'a-'. The Outlook for all banks is
Negative. A full
list of rating actions is available at the end of this rating
action commentary.
The downgraded VRs of Riyad and ANB re
Read more
DUBAI/LONDON, September 21 (Fitch) Fitch Ratings has affirmed 11
Saudi Arabian
banks' Long-Term Issuer Default Ratings (LTIDRs) and downgraded
the Viability
Ratings (VRs) of two of the reviewed banks, Riyad Bank (Riyad)
and Arab National
Bank (ANB), to 'bbb+' from 'a-'. The Outlook for all banks is
Negative. A full
list of rating actions is available at the end of this rating
action commentary.
The downgraded VRs of Riyad and ANB re
Read more
BRIEF-Smart Employee Benefits announces two proposed convertible note offerings of up to $1.3 million each
* Company intends to complete two private placement
offerings each consisting of up to $1.3 million of principal of
convertible promissory notes
Read more
offerings each consisting of up to $1.3 million of principal of
convertible promissory notes
Read more
FX, money market kinks fuel dollar bond issuance bonanza from Japan
LONDON, Sept 21 (Reuters) - Japanese banks and companies
have nearly doubled their dollar-denominated debt issuance this
year to the second highest on record as they seek to avoid the
unusually high costs of raising dollars in other parts of the
financial markets.
Read more
have nearly doubled their dollar-denominated debt issuance this
year to the second highest on record as they seek to avoid the
unusually high costs of raising dollars in other parts of the
financial markets.
Read more
BRIEF-Aves One: Change in Board of Aves One AG
* Effective sept. 21, 2016 Peter Kampf and and Jürgen Bauer
are appointed to the board for the period of three years
Read more
are appointed to the board for the period of three years
Read more
BRIEF-Future Land Development Holdings updates on joint development agreement with China Jinmao
* Qingmao property will acquire entire equity interest in
yulong real estate held by future land wanjia
Read more
yulong real estate held by future land wanjia
Read more
Fitch Affirms Alliance Finance Company's Rating at 'BB+(lka)'
(The following statement was released by the rating agency)
COLOMBO, September 21 (Fitch) Fitch Ratings Lanka has today
affirmed Alliance
Finance Company PLC's (AFC) National Long-Term Rating at
'BB+(lka)' with a
Stable Outlook.
At the same time Fitch affirmed AFC's outstanding senior
unsecured debentures at
'BB+(lka)' and outstanding subordinated debentures at 'BB(lka)'.
KEY RATING DRIVERS
NATIONAL RATING AND SENIOR DEBT
AFC's rating reflects its established but modest franchise and
weaker
Read more
COLOMBO, September 21 (Fitch) Fitch Ratings Lanka has today
affirmed Alliance
Finance Company PLC's (AFC) National Long-Term Rating at
'BB+(lka)' with a
Stable Outlook.
At the same time Fitch affirmed AFC's outstanding senior
unsecured debentures at
'BB+(lka)' and outstanding subordinated debentures at 'BB(lka)'.
KEY RATING DRIVERS
NATIONAL RATING AND SENIOR DEBT
AFC's rating reflects its established but modest franchise and
weaker
Read more
MOVES-Kulkarni adds rupee responsibilities at StanChart
LONDON, Sept 21 (IFR) - Standard Chartered's managing
director of South Asia debt capital markets, Kaustubh Kulkarni,
has also been put in charge of the Indian rupee bond syndicate.
Read more
director of South Asia debt capital markets, Kaustubh Kulkarni,
has also been put in charge of the Indian rupee bond syndicate.
Read more
BRIEF-Damansara Realty Bhd says received notice from Sumitomo Warehouse
* Received notice from Sumitomo Warehouse Co. Ltd that they
mutually agreed with the company to discontinue with the MOU
Source text (http://bit.ly/2dgmZTR)
Further company coverage:
Read more
mutually agreed with the company to discontinue with the MOU
Source text (http://bit.ly/2dgmZTR)
Further company coverage:
Read more
UK watchdog drops plans for review of Big Data use by insurers
LONDON, Sept 21 (Reuters) - Britain's markets watchdog has
dropped plans for a formal market review of whether Big Data
might make it harder or more expensive for some customers to buy
car and home insurance, saying there was no evidence of that so
far.
Read more
dropped plans for a formal market review of whether Big Data
might make it harder or more expensive for some customers to buy
car and home insurance, saying there was no evidence of that so
far.
Read more
UPDATE 1-Saga customers carry on travelling despite Brexit
Sept 21 (Reuters) - Britain's shock vote to leave the
European Union has not dented demand for holidays among Britons
over 50 years old, travel and insurance firm Saga said
on Wednesday.
Read more
European Union has not dented demand for holidays among Britons
over 50 years old, travel and insurance firm Saga said
on Wednesday.
Read more
Hong Kong regulator raises concerns on money laundering
HONG KONG, Sept 21 (Reuters) - Hong Kong securities
regulator said on Wednesday it was investigating licensed
brokerages and expected to lodge cases against some for
inadequate internal anti-money laundering controls.
Read more
regulator said on Wednesday it was investigating licensed
brokerages and expected to lodge cases against some for
inadequate internal anti-money laundering controls.
Read more
Canada's CIBC forms strategic alliance with NAB, Bank Leumi
TORONTO, Sept 21 (Reuters) - Canadian Imperial Bank of
Commerce, Canada's fifth-biggest lender, has formed a
strategic partnership with National Australia Bank (NAB)
and Israel's Bank Leumi to work on new
innovations.
Read more
Commerce, Canada's fifth-biggest lender, has formed a
strategic partnership with National Australia Bank (NAB)
and Israel's Bank Leumi to work on new
innovations.
Read more
MIDEAST STOCKS-Gulf edges up but Qatar slips in early trade
DUBAI, Sept 21 (Reuters) - Stock markets in the Gulf made
small gains in early trade on Wednesday with investors buying
small and mid-sized shares, while Qatar's index slipped as the
FTSE passive funds inflow faded.
Read more
small gains in early trade on Wednesday with investors buying
small and mid-sized shares, while Qatar's index slipped as the
FTSE passive funds inflow faded.
Read more
惠譽確認永豐集團評等‘BBB’；展望穩定
(The following statement was released by the rating agency)
TAIPEI, September 21 (Fitch)
惠譽國際信用評等公司今日確認台灣永豐商業銀行（永豐銀）與其母公司永豐金融控股公司（永豐金）的發行人違約評等為‘BBB’，評等展望穩定。詳細的評等結果列示於本新聞
稿末。
評等理由
發行人違約評等、國內評等及個別實力評等
永豐銀發行人違約評等，個別實力評等，及穩定評等展望的確認，主要反映其穩定的風險體質，基於其控管良好的資產品質以及健全的資本水準。永豐銀的管理團隊致力於維持其獲利
與資產品質的穩定，然其評等亦考量該行近年來較為波動的營運風險管理。
永豐金的發行人違約評等、個別實力評等與其核心子公司永豐銀的評等一致。惠譽將永豐銀與永豐金視為一體，且永豐金的槓桿水準尚屬溫和水準。
相較於國內同業，永豐銀的中國策略較為積極，透過其策略合作夥伴-中國工商銀行(ICBC;
A/展望穩定)與其於南京的子行。該行在中國若有顯著成長，將可能影響該行之整體風險體質，然考量中國經濟成長放緩，此情形在中期內發生的可能性較低。根
Read more
TAIPEI, September 21 (Fitch)
惠譽國際信用評等公司今日確認台灣永豐商業銀行（永豐銀）與其母公司永豐金融控股公司（永豐金）的發行人違約評等為‘BBB’，評等展望穩定。詳細的評等結果列示於本新聞
稿末。
評等理由
發行人違約評等、國內評等及個別實力評等
永豐銀發行人違約評等，個別實力評等，及穩定評等展望的確認，主要反映其穩定的風險體質，基於其控管良好的資產品質以及健全的資本水準。永豐銀的管理團隊致力於維持其獲利
與資產品質的穩定，然其評等亦考量該行近年來較為波動的營運風險管理。
永豐金的發行人違約評等、個別實力評等與其核心子公司永豐銀的評等一致。惠譽將永豐銀與永豐金視為一體，且永豐金的槓桿水準尚屬溫和水準。
相較於國內同業，永豐銀的中國策略較為積極，透過其策略合作夥伴-中國工商銀行(ICBC;
A/展望穩定)與其於南京的子行。該行在中國若有顯著成長，將可能影響該行之整體風險體質，然考量中國經濟成長放緩，此情形在中期內發生的可能性較低。根
Read more
China stocks edge up as banks rise; focus moves from BOJ to Fed
SHANGHAI, Sept 21 (Reuters) - China stocks rose slightly on
Wednesday, aided by strength in property and
financial stocks, although the general mood remained
cautious.
Read more
Wednesday, aided by strength in property and
financial stocks, although the general mood remained
cautious.
Read more
Tuesday, September 20, 2016
RPT-Three main contenders in bidding for Unicredit's Pioneer - sources
LONDON, Sept 20 (Reuters) - Three bidders have emerged as
the main contenders to buy UniCredit's fund management
arm Pioneer, in a deal which could net 3 billion euros ($3.4
billion) for Italy's largest bank, sources familiar with the
matter said on Tuesday.
Read more
the main contenders to buy UniCredit's fund management
arm Pioneer, in a deal which could net 3 billion euros ($3.4
billion) for Italy's largest bank, sources familiar with the
matter said on Tuesday.
Read more
More than $1 billion in Power Africa commitments finalized - USAID chief
NEW YORK, Sept 21 (Reuters) - More than $1 billion in debt
and financing commitments from U.S. agencies and private
investors is set to be announced on Wednesday for U.S. President
Barack Obama's signature Africa energy initiative, Power Africa,
a top USAID official said.
Read more
and financing commitments from U.S. agencies and private
investors is set to be announced on Wednesday for U.S. President
Barack Obama's signature Africa energy initiative, Power Africa,
a top USAID official said.
Read more
Fitch Affirms CTBC Group at 'A'; Outlook Negative
(The following statement was released by the rating agency)
TAIPEI/HONG KONG, September 21 (Fitch) Fitch Ratings has
affirmed all the
ratings for Taiwan-based CTBC Financial Holding Co., Ltd. (CTBC
Holding) and its
subsidiaries, including CTBC Bank Co., Ltd. (CTBC Bank), Taiwan
Life Insurance
Co., Ltd. (Taiwan Life) and CTBC Securities Co., Ltd. (CTBC
Securities). The
Outlooks on the ratings of these entities are Negative. A full
list of rating
action is at the end of this commentary.
CTBC
Read more
TAIPEI/HONG KONG, September 21 (Fitch) Fitch Ratings has
affirmed all the
ratings for Taiwan-based CTBC Financial Holding Co., Ltd. (CTBC
Holding) and its
subsidiaries, including CTBC Bank Co., Ltd. (CTBC Bank), Taiwan
Life Insurance
Co., Ltd. (Taiwan Life) and CTBC Securities Co., Ltd. (CTBC
Securities). The
Outlooks on the ratings of these entities are Negative. A full
list of rating
action is at the end of this commentary.
CTBC
Read more
Fitch Affirms Six Taiwanese Banks; Outlook Stable
(The following statement was released by the rating agency)
TAIPEI, September 21 (Fitch) Fitch Ratings has today affirmed
the ratings of
EnTie Commercial Bank (EnTie), Far Eastern International Bank
(FEIB), King's
Town Bank (KTB), Shanghai Commercial and Savings Bank (SCSB),
Taichung
Commercial Bank (Taichung), and Taipei Star Bank (TSB). The
Rating Outlooks are
Stable. A full list of rating actions is at the end of this
rating action
commentary.
KEY RATING DRIVERS
IDRS, NATIONAL RATINGS A
Read more
TAIPEI, September 21 (Fitch) Fitch Ratings has today affirmed
the ratings of
EnTie Commercial Bank (EnTie), Far Eastern International Bank
(FEIB), King's
Town Bank (KTB), Shanghai Commercial and Savings Bank (SCSB),
Taichung
Commercial Bank (Taichung), and Taipei Star Bank (TSB). The
Rating Outlooks are
Stable. A full list of rating actions is at the end of this
rating action
commentary.
KEY RATING DRIVERS
IDRS, NATIONAL RATINGS A
Read more
UPDATE 1-Postal Savings Bank of China IPO raises $7.4 bln after pricing at low end -IFR
* $7.4 bln IPO world's biggest since Alibaba deal in 2014
(Adds underwriters, fees from the IPO)
Read more
(Adds underwriters, fees from the IPO)
Read more
BRIEF-New World Development says FY revenue HK$59.57 bln
* Resolved to recommend a final dividend for year ended 30
June 2016 of HK$0.31 per share
Source text for Eikon:
Further company coverage:
Read more
June 2016 of HK$0.31 per share
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Pacific Securities to pay 2016 div on Sept. 27
* Says it will pay a cash dividend of 5 yuan (before tax)
per 10 shares and use additional paid-in capital to distribute 5
new share for every 10 shares, to shareholders of record on
Sept. 26 for 2016 H1
Read more
per 10 shares and use additional paid-in capital to distribute 5
new share for every 10 shares, to shareholders of record on
Sept. 26 for 2016 H1
Read more
UPDATE 2-China's premier says U.S. ties will develop no matter who wins election
NEW YORK, Sept 20 (Reuters) - China and the United States
will keep developing positive relations no matter who wins
November's U.S. presidential election, Chinese Premier Li
Keqiang told an economic forum in New York on Tuesday.
Read more
will keep developing positive relations no matter who wins
November's U.S. presidential election, Chinese Premier Li
Keqiang told an economic forum in New York on Tuesday.
Read more
Taiwan stocks drop as cautious investors await export orders data
TAIPEI, Sept 21 (Reuters) - Taiwan stocks edged down a bit
on Wednesday as some investors were cautious ahead of export
orders data, to be issued later this week, while trying to keep
recent gains that have been driven by net foreign investor
purchases.
Read more
on Wednesday as some investors were cautious ahead of export
orders data, to be issued later this week, while trying to keep
recent gains that have been driven by net foreign investor
purchases.
Read more
China says designates clearing bank for renminbi business in New York
NEW YORK, Sept 20 (Reuters) - Chinese Premier Li Keqiang
said on Tuesday that China had decided to designate a Chinese
investment bank as a clearing back for renminbi business in New
York.
Read more
said on Tuesday that China had decided to designate a Chinese
investment bank as a clearing back for renminbi business in New
York.
Read more
China c. bank authorises Bank of China New York branch to be yuan clearing bank
BEIJING, Sept 21 (Reuters) - China's central bank said it
has authorised Bank of China's New York branch to be
a renminbi clearing bank in the United States.
Read more
has authorised Bank of China's New York branch to be
a renminbi clearing bank in the United States.
Read more
Brexit means central London house prices will not grow until 2019- Savills
LONDON, Sept 21 (Reuters) - House prices in London's prime
locations will fall by 9 percent this year and not grow again
until 2019 as buyers, already hit by increased property taxes,
wait to see the outcome of Brexit divorce talks, estate agents
Savills said.
Read more
locations will fall by 9 percent this year and not grow again
until 2019 as buyers, already hit by increased property taxes,
wait to see the outcome of Brexit divorce talks, estate agents
Savills said.
Read more
U.S. judge narrows currency rigging lawsuit against seven banks
NEW YORK, Sept 20 (Reuters) - The U.S. judge overseeing
litigation accusing 16 banks of rigging prices in the $5.3
trillion-a-day foreign exchange market on Tuesday narrowed but
refused to dismiss lawsuits against Deutsche Bank,
Morgan Stanley, and five other large banks that have yet
to settle.
Read more
litigation accusing 16 banks of rigging prices in the $5.3
trillion-a-day foreign exchange market on Tuesday narrowed but
refused to dismiss lawsuits against Deutsche Bank,
Morgan Stanley, and five other large banks that have yet
to settle.
Read more
UPDATE 2-Brazil's ex-president Lula to stand trial for corruption
SAO PAULO, Sept 20 (Reuters) - Brazil's former president
Luiz Inacio Lula da Silva will stand trial on corruption
charges, a crusading federal judge ruled Tuesday, adding more
turbulence to the country's chaotic political landscape.
Read more
Luiz Inacio Lula da Silva will stand trial on corruption
charges, a crusading federal judge ruled Tuesday, adding more
turbulence to the country's chaotic political landscape.
Read more
REFILE-BRIEF-TMX Group says eliminated positions in Q3 to realize meaningful synergies
* In Q3 2016, TMX eliminated positions; expects majority of
these headcount reductions will be completed by end of Q1 of
2017
Read more
these headcount reductions will be completed by end of Q1 of
2017
Read more
Brazil's iconic ex-leader Lula to be tried for corruption
SAO PAULO, Sept 20 (Reuters) - Brazil's iconic former leader
Luiz Inacio Lula da Silva will stand trial on corruption
charges, a crusading federal judge ruled on Tuesday.
Read more
Luiz Inacio Lula da Silva will stand trial on corruption
charges, a crusading federal judge ruled on Tuesday.
Read more
Medicare EpiPen spending outpaces prescription growth -Kaiser report
NEW YORK, Sept 20 (Reuters) - U.S. government spending on
Mylan Inc's EpiPen in the Medicare program for seniors
and the disabled rose 1,151 percent from 2007 through 2014,
while the number of EpiPen users grew 164 percent, the Kaiser
Family Foundation said on Tuesday in an analysis.
Read more
Mylan Inc's EpiPen in the Medicare program for seniors
and the disabled rose 1,151 percent from 2007 through 2014,
while the number of EpiPen users grew 164 percent, the Kaiser
Family Foundation said on Tuesday in an analysis.
Read more
IEX plans corporate listings on "Flash Boys" exchange in 2017
NEW YORK, Sept 20 (Reuters) - IEX Group, the newest U.S.
equities exchange operator, is actively courting companies to
list their stocks on its exchange, according to a letter sent to
potential listing clients that was obtained by Reuters.
Read more
equities exchange operator, is actively courting companies to
list their stocks on its exchange, according to a letter sent to
potential listing clients that was obtained by Reuters.
Read more
CORRECTED-UPDATE 1-Airbus plans management changes to integrate plane division - sources
PARIS, Sept 20 (Reuters) - Airbus Group Chief
Executive Tom Enders plans to complete the integration of
Europe's largest aerospace group by sweeping away overlapping
functions and appointing planemaking chief Fabrice Bregier as
its chief operating officer, people familiar with the matter
said.
Read more
Executive Tom Enders plans to complete the integration of
Europe's largest aerospace group by sweeping away overlapping
functions and appointing planemaking chief Fabrice Bregier as
its chief operating officer, people familiar with the matter
said.
Read more
CBOT deliverable grain stocks summary
DELIVERABLE STOCKS OF GRAIN in regular warehouses on the Chicago Board of Trade
as of Friday, Sept. 16, 2016.
Location WHEAT CORN SOYBEANS OATS RICE
Chicago 11,477 117 11 186 0
Toledo 30,896 0 0 0 0
Northwest Ohio 11,726 0 0 0 0
Mississippi River 15,346 0 0 0 0
Ohio River 16,658
Read more
as of Friday, Sept. 16, 2016.
Location WHEAT CORN SOYBEANS OATS RICE
Chicago 11,477 117 11 186 0
Toledo 30,896 0 0 0 0
Northwest Ohio 11,726 0 0 0 0
Mississippi River 15,346 0 0 0 0
Ohio River 16,658
Read more
REFILE-SEC investigating Exxon over accounting practices-CNBC, citing DJ
Sept 20 (Reuters) - The U.S. Securities and Exchange
Commission is investigating Exxon Mobil Corp on climate
change and accounting practices, CNBC tweeted, citing Dow Jones.
(http://bit.ly/2cWRikt)
Read more
Commission is investigating Exxon Mobil Corp on climate
change and accounting practices, CNBC tweeted, citing Dow Jones.
(http://bit.ly/2cWRikt)
Read more
Wells Fargo says board will 'assess' clawbacks for Tolstedt
Sept 20 (Reuters) - SENATOR WARREN RELEASES SEPT. 19 LETTER
FROM WELLS FARGO ADDRESSING QUESTIONS OVER PAY 'CLAWBACKS'
Wells fargo & co says tolstedt equity awards total
$96.6m, including vested and unvested stock and options
WELLS FARGO SAYS BOARD WILL ASSESS WHETHER TO CANCEL OR CLAWBACK
ANY OF TOLSTEDT'S INCENTIVE COMPENSATION
WELLS FARGO SAYS NO INCENTIVE COMPENSATION WAS 'TRIGGERED' BY
TOLSTEDT'S RETIREMENT
WELLS FARGO SAYS 'TOLSTEDT WILL NOT RECEIVE ANY SEVERANCE
PAYMENT AS A RESULT OF HE
Read more
FROM WELLS FARGO ADDRESSING QUESTIONS OVER PAY 'CLAWBACKS'
Wells fargo & co says tolstedt equity awards total
$96.6m, including vested and unvested stock and options
WELLS FARGO SAYS BOARD WILL ASSESS WHETHER TO CANCEL OR CLAWBACK
ANY OF TOLSTEDT'S INCENTIVE COMPENSATION
WELLS FARGO SAYS NO INCENTIVE COMPENSATION WAS 'TRIGGERED' BY
TOLSTEDT'S RETIREMENT
WELLS FARGO SAYS 'TOLSTEDT WILL NOT RECEIVE ANY SEVERANCE
PAYMENT AS A RESULT OF HE
Read more
BRIEF-Bacanora Minerals -Igneous Capital notified SEDI in Canada it had agreed to sell 4.5 million shares at £1per share
* Bacanora Minerals Ltd -Igneous Capital notified SEDI in
Canada on 17 Sept that it had agreed to sell 4.5 million shares
in co on 16 Sept at £1per share
Read more
Canada on 17 Sept that it had agreed to sell 4.5 million shares
in co on 16 Sept at £1per share
Read more
BRIEF-Santander has pulled out of talks with Royal Bank of Scotland to buy Williams & Glyn - FT, citing sources
* Santander has pulled out of talks with Royal Bank of Scotland to acquire Williams & Glyn
- FT, citing sources
Source text - (http://on.ft.com/2ck7fNk)
Further company coverage:
(Bengaluru Newsroom)
Read more
- FT, citing sources
Source text - (http://on.ft.com/2ck7fNk)
Further company coverage:
(Bengaluru Newsroom)
Read more
Zurich merges corporate and commercial units, hires AIG's Shea
ZURICH, Sept 20 (Reuters) - Zurich Insurance is
combining its corporate and commercial businesses into a single
unit under new leadership, part of its streamlining process
under new Chief Executive Mario Greco.
Read more
combining its corporate and commercial businesses into a single
unit under new leadership, part of its streamlining process
under new Chief Executive Mario Greco.
Read more
BRIEF-Attica Bank names Rumelioti Panagioti as new chairman
* Names Rumelioti Panagioti as new chairman of the board
Source text: http://bit.ly/2cR5eJd
Further company coverage:
(Gdynia Newsroom)
Read more
Source text: http://bit.ly/2cR5eJd
Further company coverage:
(Gdynia Newsroom)
Read more
Baltimore OKs finance deal for Under Armour CEO's $5.5 bln project
Sept 20 (Reuters) - Baltimore's city council gave final
approval for a $660 million public financing package to help
fund a $5.5 billion project for Under Armour Inc Chief
Executive Kevin Plank's real estate company, a council spokesman
said on Tuesday.
Read more
approval for a $660 million public financing package to help
fund a $5.5 billion project for Under Armour Inc Chief
Executive Kevin Plank's real estate company, a council spokesman
said on Tuesday.
Read more
REFILE-DEALTALK-Allergan pays top dollar for 'stepping stones' from neurology to dermatology
Sept 20 (Reuters) - Allergan Plc CEO Brent Saunders
calls them "stepping stones" - small, bolt-on acquisitions, as
opposed to the mega-deals common in the drug industry. And
they're expected to boost dealmaking in sectors ranging from
neurology to skin care.
Read more
calls them "stepping stones" - small, bolt-on acquisitions, as
opposed to the mega-deals common in the drug industry. And
they're expected to boost dealmaking in sectors ranging from
neurology to skin care.
Read more
UPDATE 1-Banks, bondholders take control of South Africa's Edcon
JOHANNESBURG, Sept 20 (Reuters) - Banks and bondholders have
taken control of struggling South African clothes retailer Edcon
, its chief executive said on Tuesday.
Read more
taken control of struggling South African clothes retailer Edcon
, its chief executive said on Tuesday.
Read more
WRAPUP 1-U.S. housing starts take a breather; single-family permits rise
WASHINGTON, Sept 20 (Reuters) - U.S. housing starts fell
more than expected in August as building activity declined
broadly after two straight months of solid increases, but a
rebound in permits for single-family dwellings suggested demand
for housing remained intact.
Read more
more than expected in August as building activity declined
broadly after two straight months of solid increases, but a
rebound in permits for single-family dwellings suggested demand
for housing remained intact.
Read more
UPDATE 1-Jefferies quarterly profit boosted by trading revenue
Sept 20 (Reuters) - Investment bank Jefferies Group LLC
reported a jump in quarterly profit, driven by strong revenue in
its fixed income trading business.
Read more
reported a jump in quarterly profit, driven by strong revenue in
its fixed income trading business.
Read more
BOC securities arm barred from dealing in 2 client accounts - HK regulator
HONG KONG, Sept 20 (Reuters) - Hong Kong's securities
regulator said on Tuesday it had issued a "restriction notice"
to brokerage BOCI Securities prohibiting it from processing
shares or money held in two client accounts that hold the
proceeds of suspected insider dealing.
Read more
regulator said on Tuesday it had issued a "restriction notice"
to brokerage BOCI Securities prohibiting it from processing
shares or money held in two client accounts that hold the
proceeds of suspected insider dealing.
Read more
Deals of the day- Mergers and acquisitions
Sept 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
Read more
acquisitions and disposals were reported by 1030 GMT on Tuesday:
Read more
BRIEF-China Cinda Asset Management announces approval regarding issuance of offshore preference shares
* Announcement In Relation To The Approval From Csrc
Concerning The Issuance Of Offshore Preference Shares
Read more
Concerning The Issuance Of Offshore Preference Shares
Read more
SE Asia Stocks-Mixed as investors await BOJ, Fed decisions
By Aparajita Saxena
Sept 20 (Reuters) - Southeast Asian markets ended mixed on
Tuesday as uncertainty over policy moves by the U.S. Federal
Reserve and the Bank of Japan kept investors on the sidelines.
The Federal Open Market Committee is expected to stand pat
on interest rates, while the BOJ is expected to make crucial
changes to its easing programme.
A Reuters poll of economists found on Tuesday that the BOJ
is expected to further ease its ultra-loose policies at this
week's meeti
Read more
Sept 20 (Reuters) - Southeast Asian markets ended mixed on
Tuesday as uncertainty over policy moves by the U.S. Federal
Reserve and the Bank of Japan kept investors on the sidelines.
The Federal Open Market Committee is expected to stand pat
on interest rates, while the BOJ is expected to make crucial
changes to its easing programme.
A Reuters poll of economists found on Tuesday that the BOJ
is expected to further ease its ultra-loose policies at this
week's meeti
Read more
Rabobank sells 1.7 bln euro real estate loan portfolio - paper
AMSTERDAM, Sept 20 (Reuters) - Rabobank, the Dutch
cooperative bank, has sold its real estate financing unit RNHB
Bank to CarVal Investors and Vesting Finance, Dutch daily Het
Financieele Dagblad reported on Tuesday.
Read more
cooperative bank, has sold its real estate financing unit RNHB
Bank to CarVal Investors and Vesting Finance, Dutch daily Het
Financieele Dagblad reported on Tuesday.
Read more
Monday, September 19, 2016
BRIEF-Takeaway.com IPO books are covered on the base deal size -bookrunner
* Takeaway.com IPO books are covered on the
base deal size
(Bengaluru Newsroom: +91 806 749 1136)
Read more
base deal size
(Bengaluru Newsroom: +91 806 749 1136)
Read more
BRIEF-Patrizia Immobilien buys new residential housing portfolio in Munich
* Parties have agreed to keep purchase price confidential
Source text - http://bit.ly/2cDRwvy
Further company coverage:
(Gdynia Newsroom)
Read more
Source text - http://bit.ly/2cDRwvy
Further company coverage:
(Gdynia Newsroom)
Read more
Postal Savings Bank plans to price Hong Kong IPO at lower end of range-IFR
HONG KONG, Sept 20 (Reuters) - Postal Savings Bank of China
(PSBC) is planning to price its Hong Kong initial public
offering (IPO) at the lower end of a marketing range, IFR
reported on Tuesday.
Read more
(PSBC) is planning to price its Hong Kong initial public
offering (IPO) at the lower end of a marketing range, IFR
reported on Tuesday.
Read more
Three private equity firms bid for GE's Hyundai Card stake - Invest Chosun
SEOUL, Sept 20 (Reuters) - Three private equity firms are
bidding for General Electric's 43 percent stake in its
South Korean credit card joint venture, Hyundai Card, in a deal
that may be worth more than 600 billion won ($537 million),
Invest Chosun reported on Tuesday.
Read more
bidding for General Electric's 43 percent stake in its
South Korean credit card joint venture, Hyundai Card, in a deal
that may be worth more than 600 billion won ($537 million),
Invest Chosun reported on Tuesday.
Read more
Australia shares drift down ahead of Fed, BOJ meetings; NZ climbs
Sept 20 (Reuters) - Australian shares nudged lower on
Tuesday, pulled down by financial and telecom stocks, as
investors anxiously awaited outcomes from the Bank of Japan
and U.S. Federal Reserve policy meetings that conclude on
Wednesday.
Read more
Tuesday, pulled down by financial and telecom stocks, as
investors anxiously awaited outcomes from the Bank of Japan
and U.S. Federal Reserve policy meetings that conclude on
Wednesday.
Read more
Wells Fargo CEO to take 'full responsibility' in Senate hearing - NY Times
Sept 19 (Reuters) - Wells Fargo & Co's chief
executive, John Stumpf, will tell U.S. senators on Tuesday that
he is "deeply sorry" for selling customers unauthorized bank
accounts and credit cards and that he would take "full
responsibility" for the unethical activity, the New York Times
reported on Monday.
Read more
executive, John Stumpf, will tell U.S. senators on Tuesday that
he is "deeply sorry" for selling customers unauthorized bank
accounts and credit cards and that he would take "full
responsibility" for the unethical activity, the New York Times
reported on Monday.
Read more
Taiwan overnight interbank rate opens higher at 0.182 pct
TAIPEI, Sept 20 (Reuters) - Taiwan's overnight interbank
rate opened higher at 0.182 percent on Tuesday versus its
previous session open of 0.179 percent.
Read more
rate opened higher at 0.182 percent on Tuesday versus its
previous session open of 0.179 percent.
Read more
UPDATE 3-Britain's May meets Goldman, Amazon, IBM to discuss post-Brexit investment
* May says she will get the right deal for Britain
(Adds details from meeting, comments from May)
Read more
(Adds details from meeting, comments from May)
Read more
UPDATE 1-Bitcoin is money, U.S. judge says in case tied to JPMorgan hack
NEW YORK, Sept 19 (Reuters) - Bitcoin qualifies as money, a
federal judge ruled on Monday, in a decision linked to a
criminal case over hacking attacks against JPMorgan Chase & Co
and other companies.
Read more
federal judge ruled on Monday, in a decision linked to a
criminal case over hacking attacks against JPMorgan Chase & Co
and other companies.
Read more
Australia shares set to open soft; NZ flat
Sept 20 (Reuters) - Australian shares are headed for a soft
start on Tuesday after technical glitches in early trade and a
halt in the afternoon in the previous session cut short share
trading on the stock exchange.
The local share price index futures fell 0.1
percent, or 5 points, to 5,264, a 30.8-point discount to the
last S&P/ASX 200 index quote on Monday.
The benchmark was flat at 5,294.8 points in the previous
session when the bourse announced that trading would not resume.
N
Read more
start on Tuesday after technical glitches in early trade and a
halt in the afternoon in the previous session cut short share
trading on the stock exchange.
The local share price index futures fell 0.1
percent, or 5 points, to 5,264, a 30.8-point discount to the
last S&P/ASX 200 index quote on Monday.
The benchmark was flat at 5,294.8 points in the previous
session when the bourse announced that trading would not resume.
N
Read more
BRIEF-Cirrus Logic set to join S&P Midcap;400 Amphastar to join S&P Smallcap 600
* Cirrus Logic set to join S&P Midcap 400; Amphastar
Pharmaceuticals to join S&P Smallcap 600
Source text for Eikon:
Read more
Pharmaceuticals to join S&P Smallcap 600
Source text for Eikon:
Read more
BRIEF-S&P Global announces pricing of senior notes
* Says pricing of its offering of $500 million in aggregate
principal amount of senior notes due 2027
Read more
principal amount of senior notes due 2027
Read more
COLUMN-Pity the owners of M&A bidding companies: James Saft
Sept 19 (Reuters) - Shareholders in acquiring companies
should be thankful: mergers and acquisitions are down sharply
this year.
Read more
should be thankful: mergers and acquisitions are down sharply
this year.
Read more
BRIEF-Arvida Group to acquire three villages for NZ$66 mln
* Acquisition immediately accretive to underlying earnings
with 6% lift in proforma FY17 EPS
Read more
with 6% lift in proforma FY17 EPS
Read more
CalPERS forecasts funding gap could grow to $9.2 bln in 15 years
Sept 19 (Reuters) - The United States' largest public
pension fund, the California Public Employees' Retirement System
(CalPERS), forecast on Monday that benefits paid to retirees
would outpace projected income by $9.2 billion within 15 years.
Read more
pension fund, the California Public Employees' Retirement System
(CalPERS), forecast on Monday that benefits paid to retirees
would outpace projected income by $9.2 billion within 15 years.
Read more
BRIEF-Freddie Mac Prices $1 Billion Multifamily K-Deal, K-057
* Freddie Mac Prices $1 Bln Multifamily K-Deal, K-057
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
BRIEF-StorageVault executes purchase agreement to acquire $48 mln of storage assets in Quebec and Ontario
* Storagevault executes purchase agreement to acquire $48
million of storage assets in quebec and ontario
Read more
million of storage assets in quebec and ontario
Read more
UPDATE 1-PDVSA 2017s fall on disappointing debt swap terms
NEW YORK, Sept 19 (IFR) - The 2017s issued by Venezuelan oil
company PDVSA were about 1.5 points weaker Monday as investors
largely shunned the terms of a debt exchange targeting US$7.1bn
of those securities.
Read more
company PDVSA were about 1.5 points weaker Monday as investors
largely shunned the terms of a debt exchange targeting US$7.1bn
of those securities.
Read more
BRIEF-Sinner H1 net loss of 1.4 million euros
* H1 net loss at 1.4 million euros ($1.57 million) versus
profit 339,000 euros year ago
Source text for Eikon:
Further company coverage:
($1 = 0.8939 euros)
(Gdynia Newsroom)
Read more
profit 339,000 euros year ago
Source text for Eikon:
Further company coverage:
($1 = 0.8939 euros)
(Gdynia Newsroom)
Read more
UPDATE 1-Ernst & Young settles charges that two auditors got 'too close' to clients -U.S. SEC
WASHINGTON, Sept 19 (Reuters) - Accounting firm Ernst &
Young will pay $9.3 million to settle charges that two of its
auditors got "too close to clients on a personal level" and
broke rules aimed at ensuring reviews were objective and
impartial, the U.S. Securities and Exchange Commission said on
Monday.
Read more
Young will pay $9.3 million to settle charges that two of its
auditors got "too close to clients on a personal level" and
broke rules aimed at ensuring reviews were objective and
impartial, the U.S. Securities and Exchange Commission said on
Monday.
Read more
UPDATE 2-Bank of Ghana holds rates; cuts signalled with inflation view
ACCRA, Sept 19 (Reuters) - Ghana's inflation will fall
faster towards government targets than expected, the head of the
central bank said on Monday, raising prospects of a cycle of
interest rate cuts as it held benchmark borrowing costs at 26.0
percent.
Read more
faster towards government targets than expected, the head of the
central bank said on Monday, raising prospects of a cycle of
interest rate cuts as it held benchmark borrowing costs at 26.0
percent.
Read more
Fitch: ECB's NPL Guidance Reinforces Need for Italy's Banks to Act
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Italian Banks: Asset Quality
Update
https://www.fitchratings.com/site/re/887322
MILAN/LONDON, September 19 (Fitch) If the ECB's guidance to
banks on
non-performing loans (NPLs), published last week, is
implemented, the Italian
banking sector's asset quality is likely to come under increased
scrutiny and
rise further up the agendas of national regulators, governments
and eurozone
authorities, says Fitch
Read more
Link to Fitch Ratings' Report: Italian Banks: Asset Quality
Update
https://www.fitchratings.com/site/re/887322
MILAN/LONDON, September 19 (Fitch) If the ECB's guidance to
banks on
non-performing loans (NPLs), published last week, is
implemented, the Italian
banking sector's asset quality is likely to come under increased
scrutiny and
rise further up the agendas of national regulators, governments
and eurozone
authorities, says Fitch
Read more
Torstar agrees to sell site of Star's shuttered printing plant
Sept 19 (Reuters) - Publisher Torstar Corp said on
Monday it had agreed to sell the land and buildings of the
former printing plant of the Toronto Star for about C$54.3
million ($41.3 million).
Read more
Monday it had agreed to sell the land and buildings of the
former printing plant of the Toronto Star for about C$54.3
million ($41.3 million).
Read more
BRIEF-GWG Holdings enters into loan and security agreements with LNV and CLMG Corp
* Loan and security agreement makes available total of up to
$172.3 million in credit to borrower with a maturity date of
September 14, 2026
Read more
$172.3 million in credit to borrower with a maturity date of
September 14, 2026
Read more
BRIEF-China Minsheng Banking provides $1.26 bln credit line for United Energy, Orient Group
* Says it gives United Energy Group Ltd, Orient Group Inc
credit line of up to $1.26 billion with duration of
60 months
Read more
credit line of up to $1.26 billion with duration of
60 months
Read more
BRIEF-Anhui Wenergy to invest 147 mln yuan to set up financial JV with controlling shareholder
* Says it plans to invest 147 million yuan ($22.04 million)
to set up financial JV with controlling shareholder
Read more
to set up financial JV with controlling shareholder
Read more
Indian shares end higher for fourth straight session
Sept 19 (Reuters) - Indian shares ended higher on Monday,
posting their fourth straight session of gains, as investors
awaited key central bank meetings in the United States and Japan
this week for clues on global monetary policies.
Read more
posting their fourth straight session of gains, as investors
awaited key central bank meetings in the United States and Japan
this week for clues on global monetary policies.
Read more
EMERGING MARKETS-Emerging stocks jump, led by upgraded Hungary
LONDON, Sept 19 (Reuters) - Emerging stocks rose 1.3 percent
on Monday and currencies firmed on a bet the U.S. Federal
Reserve will not raise interest rates this week, with Hungarian
assets driven higher by a ratings promotion to investment grade.
Read more
on Monday and currencies firmed on a bet the U.S. Federal
Reserve will not raise interest rates this week, with Hungarian
assets driven higher by a ratings promotion to investment grade.
Read more
Halman-Aldubi, other investors buy 45 pct of New York building
TEL AVIV, Sept 19 (Reuters) - Israeli investment house
Halman-Aldubi and a group of Israeli and foreign investors
bought 45 percent of New York City's Brill building near Times
Square at a price that values the entire building at $310
million.
Read more
Halman-Aldubi and a group of Israeli and foreign investors
bought 45 percent of New York City's Brill building near Times
Square at a price that values the entire building at $310
million.
Read more
European shares bounce back as banks, energy companies rise
LONDON, Sept 19 (Reuters) - European shares rose on Monday,
marking a slight rebound after two straight weeks of losses, as
gains in banking and energy company shares lifted the region's
stock markets.
Read more
marking a slight rebound after two straight weeks of losses, as
gains in banking and energy company shares lifted the region's
stock markets.
Read more
MIDEAST STOCKS-Qatar pulls back ahead of FTSE inclusion, UAE outperforms peers
DUBAI, Sept 19 (Reuters) - Stock markets in the Gulf
diverged in early trade on Monday, with Qatar's index pulling
back ahead of the inclusion of some companies in FTSE's
secondary emerging market index, while Dubai advanced as global
risk sentiment improved.
Read more
diverged in early trade on Monday, with Qatar's index pulling
back ahead of the inclusion of some companies in FTSE's
secondary emerging market index, while Dubai advanced as global
risk sentiment improved.
Read more
BRIEF-AVIC Real Estate Holding unit to set up property unit
* Says its unit to invest 10 million yuan to set up a wholly
owned property subsidiary in Ganzhou
Read more
owned property subsidiary in Ganzhou
Read more
Sunday, September 18, 2016
BRIEF-Austria's CA Immo buys Budapest office complex for 175 mln eur
Sept 19 (Reuters) - Pta-adhoc: Ca Immobilien Anlagen Ag: Ca
Immo Buys Office Complex In Budapest
Read more
Immo Buys Office Complex In Budapest
Read more
IFR Capital Markets Week Ahead - September 19, 2016
LONDON, Sept 19 (IFR) - Welcome to the IFR Capital Markets
Week Ahead - a new weekly email newsletter from Thomson Reuters
IFR.
TAKING A HIKE
Corporate bond markets are expected to take a breather, with
most issuers set to sit out the next few days ahead of two big
central bank decisions on Wednesday. The US Federal Reserve
could shock markets with its second hike in a decade, while the
Bank of Japan is considering big changes to its mammoth
quantitative easing programme.
Read more
Week Ahead - a new weekly email newsletter from Thomson Reuters
IFR.
TAKING A HIKE
Corporate bond markets are expected to take a breather, with
most issuers set to sit out the next few days ahead of two big
central bank decisions on Wednesday. The US Federal Reserve
could shock markets with its second hike in a decade, while the
Bank of Japan is considering big changes to its mammoth
quantitative easing programme.
Read more
Australia shares slip after technical snag delays opening; NZ flat
Sept 19 (Reuters) - Australian shares inched lower on
Monday, dragged by financial and consumer stocks, as traders
exercised caution ahead of central bank meetings in the United
States and Japan this week.
Read more
Monday, dragged by financial and consumer stocks, as traders
exercised caution ahead of central bank meetings in the United
States and Japan this week.
Read more
REFILE-UPDATE 1-Chinese second-tier city prices continued to soar in August
BEIJING, Sept 19 (Reuters) - China's home prices rose at a
faster pace in August, suggesting that tightening measures
imposed by a growing number of cities on overheated markets have
yet to show significant effects.
Read more
faster pace in August, suggesting that tightening measures
imposed by a growing number of cities on overheated markets have
yet to show significant effects.
Read more
BRIEF-China Real Estate issues 2016 2nd tranche corporation bonds worth 1 bln yuan
* Says it issues 2016 second tranche 3-yr public corporation
bonds worth 1 billion yuan, with coupon rate of 3.94 percent
Read more
bonds worth 1 billion yuan, with coupon rate of 3.94 percent
Read more
UPDATE 1-Australia's Port of Melbourne sold for $7.3 bln to QIC-led group
SYDNEY, Sept 19 (Reuters) - The sale of Australia's biggest
general cargo terminal, Port of Melbourne, was awarded to a
group led by QIC Private Capital for about A$9.7 billion ($7.29
billion), the Victorian state government said on Monday.
Read more
general cargo terminal, Port of Melbourne, was awarded to a
group led by QIC Private Capital for about A$9.7 billion ($7.29
billion), the Victorian state government said on Monday.
Read more
Australia forces sale of 16 foreign-owned properties
SYDNEY, Sept 19 (Reuters) - Australia has since May forced
the sale of 16 properties bought without government permission
by foreigners, Treasurer Scott Morrison said on Monday.
Read more
the sale of 16 properties bought without government permission
by foreigners, Treasurer Scott Morrison said on Monday.
Read more
Australia's ASX says tech snag delays equities market open
SYDNEY, Sept 19 (Reuters) - Australian stock exchange ASX
Ltd said on Monday a technical snag has caused a delay
to the opening of the equities market.
Read more
Ltd said on Monday a technical snag has caused a delay
to the opening of the equities market.
Read more
GE brings off-the-shelf biotech drug factories to Ireland
LONDON, Sept 19 (Reuters) - General Electric is
digging deeper into biotechnology with plans to build four
prefabricated drug factories in Ireland, bringing to Europe a
low-cost manufacturing concept it first pioneered in China.
Read more
digging deeper into biotechnology with plans to build four
prefabricated drug factories in Ireland, bringing to Europe a
low-cost manufacturing concept it first pioneered in China.
Read more
UK firms reined in investment plans after Brexit vote - survey
LONDON, Sept 19 (Reuters) - British companies scaled back
their investment plans in the month after Britain voted to leave
the European Union, a survey by Lloyds Bank showed on Monday, a
further sign the decision is likely to have a lasting impact on
the economy.
Read more
their investment plans in the month after Britain voted to leave
the European Union, a survey by Lloyds Bank showed on Monday, a
further sign the decision is likely to have a lasting impact on
the economy.
Read more
UPDATE 1-Venezuela's PDVSA says will honor all 2017 bonds if swap declined
MARGARITA ISLAND, Venezuela, Sept 18 (Reuters) - Venezuela's
state oil company PDVSA said on Sunday it would honor all 2017
bonds if a swap offer is not taken up, while reiterating that
its proposal to swap up to $7.1 billion of debt was
"attractive."
Read more
state oil company PDVSA said on Sunday it would honor all 2017
bonds if a swap offer is not taken up, while reiterating that
its proposal to swap up to $7.1 billion of debt was
"attractive."
Read more
Venezuela's PDVSA says will honor all 2017 bonds if swap declined
MARGARITA ISLAND, Venezuela, Sept 18 (Reuters) - Venezuela's
state oil company PDVSA said on Sunday it would honor all 2017
bonds if a swap offer is not taken up, while reiterating that
its proposal to swap up to $7.1 billion of debt was
"attractive."
Read more
state oil company PDVSA said on Sunday it would honor all 2017
bonds if a swap offer is not taken up, while reiterating that
its proposal to swap up to $7.1 billion of debt was
"attractive."
Read more
Weidmann says ECB is conflicted with twin monetary, supervisory roles
BERLIN, Sept 18 (Reuters) - The European Central Bank
suffers from a conflict of interests due to its dual
responsibilities for setting monetary policy in the euro zone
and for supervising banks, ECB policymaker Jens Weidmann said.
Read more
suffers from a conflict of interests due to its dual
responsibilities for setting monetary policy in the euro zone
and for supervising banks, ECB policymaker Jens Weidmann said.
Read more
Iran presses for banking agreement to facilitate sanctions pact
TEHRAN, Sept 18 (Reuters) - Iran is pressing the United
States to ease banking obstacles to the reopening of trade under
last year's nuclear deal and hopes for progress on the sidelines
of United Nations meetings in New York this week, an Iranian
official said on Sunday.
Read more
States to ease banking obstacles to the reopening of trade under
last year's nuclear deal and hopes for progress on the sidelines
of United Nations meetings in New York this week, an Iranian
official said on Sunday.
Read more
U.S. financials ETF investors face tax bill after index revamp
NEW YORK, Sept 18 (Reuters) - Investors who own some bank
sector funds may be in for an unwanted surprise: a tax bill.
Read more
sector funds may be in for an unwanted surprise: a tax bill.
Read more
China to invest $450 bln modernising agriculture by 2020
BEIJING, Sept 18 (Reuters) - The Agricultural Development
Bank of China, one of the country's main policy
lenders, agreed to loan at least 3 trillion yuan ($450 billion)
by 2020 for the modernisation of China's agriculture industry,
state media said on Sunday.
Read more
Bank of China, one of the country's main policy
lenders, agreed to loan at least 3 trillion yuan ($450 billion)
by 2020 for the modernisation of China's agriculture industry,
state media said on Sunday.
Read more
Motor racing-F1 cannot be a dictatorship, says new chairman
LONDON, Sept 18 (Reuters) - Formula One cannot be run like a dictatorship, even if many people in the sport are used to that, according to the new chairman appointed to work with commercial supremo Bernie Ecclestone.
Read more
Read more
French finmin confirms GDP growth estimate for 2016 of 1.5 pct
PARIS, Sept 18 (Reuters) - France's finance and economy
minister Michel Sapin on Sunday confirmed the government's
economic growth estimate of 1.5 percent for 2016.
Read more
minister Michel Sapin on Sunday confirmed the government's
economic growth estimate of 1.5 percent for 2016.
Read more
London's core role in euros under spotlight after Brexit vote
LONDON, Sept 18 (Reuters) - Banks in Britain are the largest
borrowers and lenders of euros outside the single currency area,
BIS figures showed on Sunday, underscoring what's at stake for
Britain if its lenders fail to maintain access to EU markets
after the country leaves the bloc.
Read more
borrowers and lenders of euros outside the single currency area,
BIS figures showed on Sunday, underscoring what's at stake for
Britain if its lenders fail to maintain access to EU markets
after the country leaves the bloc.
Read more
Israel's Paz Oil loses controlling stake after owner sells shares
* Israel's Paz Oil said on Sunday its controlling
shareholder sold shares in the company to bring its stake in Paz
to below the threshold where it can maintain control.
Read more
shareholder sold shares in the company to bring its stake in Paz
to below the threshold where it can maintain control.
Read more
Dollar lending outside U.S. falls for first time since 2009 -BIS
LONDON, Sept 18 (Reuters) - Global lending remained weak in
2016's first quarter, with dollar-denominated bank loans to
non-U.S. borrowers worldwide falling for the first time since
the 2007-09 financial crisis, the Bank for International
Settlements said on Sunday.
Read more
2016's first quarter, with dollar-denominated bank loans to
non-U.S. borrowers worldwide falling for the first time since
the 2007-09 financial crisis, the Bank for International
Settlements said on Sunday.
Read more
Bahrain's Investcorp acquires $223.5 mln office tower in Seattle
DUBAI, Sept 18 (Reuters) - Bahrain-based alternative
investment firm Investcorp said on Sunday that its
United States-based real estate arm had purchased an office
building in Seattle, Washington, for around $223.5 million.
Read more
investment firm Investcorp said on Sunday that its
United States-based real estate arm had purchased an office
building in Seattle, Washington, for around $223.5 million.
Read more
MIDEAST STOCKS-Saudi pulls back as market re-opens after holiday
DUBAI, Sept 18 (Reuters) - Saudi Arabian stocks pulled back
in early trade on Sunday after the bourse reopened following the
Eid al-Adha break, with investors deterred by a recent downturn
in global equity and oil markets.
Read more
in early trade on Sunday after the bourse reopened following the
Eid al-Adha break, with investors deterred by a recent downturn
in global equity and oil markets.
Read more
Saturday, September 17, 2016
UPDATE 1-China Q3 business confidence index increases from Q2 -c.bank survey
BEIJING, Sept 18 (Reuters) - Business confidence among
entrepreneurs in China has picked up for the second quarter in a
row in 2016, according to surveys by the People's Bank of China
published on Sunday.
Read more
entrepreneurs in China has picked up for the second quarter in a
row in 2016, according to surveys by the People's Bank of China
published on Sunday.
Read more
MIDEAST STOCKS-Major Gulf shares are set to re-open after Eid break lower
DUBAI, Sept 18 (Reuters) - Major stock markets in the Gulf
are set to re-open weak on Sunday following a long Eid al-Adha
break as the global equity and crude oil market backdrop
deteriorated.
Read more
are set to re-open weak on Sunday following a long Eid al-Adha
break as the global equity and crude oil market backdrop
deteriorated.
Read more
China Q3 business confidence index increases from Q2 -c.bank survey
BEIJING, Sept 18 (Reuters) - Business confidence among
entrepreneurs in China has picked up for the second quarter in a
row in 2016, according to surveys by the People's Bank of China
published on Sunday.
Read more
entrepreneurs in China has picked up for the second quarter in a
row in 2016, according to surveys by the People's Bank of China
published on Sunday.
Read more
China Q3 business confidence index increases from Q2 -c.bank survey
BEIJING, Sept 18 (Reuters) - Business confidence among
entrepreneurs in China has picked up for the second quarter in a
row in 2016, according to surveys by the People's Bank of China
published on Sunday.
Read more
entrepreneurs in China has picked up for the second quarter in a
row in 2016, according to surveys by the People's Bank of China
published on Sunday.
Read more
UPDATE 2-Global fund raises $12.9 bln to fight AIDS, TB and malaria
MONTREAL, Sept 17 (Reuters) - A global fund has raised over
$12.9 billion from international donors as part of a campaign
aimed at effectively eradicating AIDS, malaria and tuberculosis
by 2030, conference organizers said on Saturday.
Read more
$12.9 billion from international donors as part of a campaign
aimed at effectively eradicating AIDS, malaria and tuberculosis
by 2030, conference organizers said on Saturday.
Read more
Global partnership to combat AIDS reaches $13 billion goal
MONTREAL, Sept 17 (Reuters) - A global public-private
partnership has reached its goal of raising $13 billion from
international donors to combat AIDS, malaria and tuberculosis,
Canadian Prime Minister Justin Trudeau said on Saturday.
Read more
partnership has reached its goal of raising $13 billion from
international donors to combat AIDS, malaria and tuberculosis,
Canadian Prime Minister Justin Trudeau said on Saturday.
Read more
Greek central bank chief says no friction with government
ATHENS, Sept 17 (Reuters) - The governor of the Central Bank
of Greece denied on Saturday friction in relations with the
government, against the backdrop of an anti-corruption probe
which has targeted his wife's business activities.
Read more
of Greece denied on Saturday friction in relations with the
government, against the backdrop of an anti-corruption probe
which has targeted his wife's business activities.
Read more
Tunisian parliament approves investment law
TUNIS, Sept 17 (Reuters) - Tunisia's parliament approved on
Saturday a long delayed law to attract foreign investment, which
fell sharply after the uprising in 2011, in a key reform
demanded by international lenders.
Read more
Saturday a long delayed law to attract foreign investment, which
fell sharply after the uprising in 2011, in a key reform
demanded by international lenders.
Read more
DR Congo adviser on 'pleading mission' to U.S. not to impose sanctions
WASHINGTON, Sept 17 (Reuters) - A senior adviser to
Democratic Republic of Congo President Joseph Kabila said on
Friday he was on a "pleading mission" to Washington to press
U.S. officials to support talks between the government and
opposition on setting up new elections and not to impose
sanctions that could hurt the process.
Read more
Democratic Republic of Congo President Joseph Kabila said on
Friday he was on a "pleading mission" to Washington to press
U.S. officials to support talks between the government and
opposition on setting up new elections and not to impose
sanctions that could hurt the process.
Read more
Friday, September 16, 2016
Brazil listed homebuilder Viver files for bankruptcy protection
SAO PAULO, Sept 16 (Reuters) - Viver Incorporadora &
Construtora SA filed for bankruptcy protection on Friday,
becoming the first listed Brazilian homebuilder ever to seek an
in-court reorganization amid a harsh recession, tough
refinancing conditions and slumping home prices.
Read more
Construtora SA filed for bankruptcy protection on Friday,
becoming the first listed Brazilian homebuilder ever to seek an
in-court reorganization amid a harsh recession, tough
refinancing conditions and slumping home prices.
Read more
UPDATE 1-Success for women entrepreneurs in poor countries means enlisting men - activists
SAN FRANCISCO, Sept 16 (Thomson Reuters Foundation) -
E fforts to help women build small businesses in developing
countries risk failure unless husbands, fathers and other men
are convinced to be supportive and involved, activists said.
Read more
E fforts to help women build small businesses in developing
countries risk failure unless husbands, fathers and other men
are convinced to be supportive and involved, activists said.
Read more
UPDATE 1-Wells Fargo faces proposed class action over bogus accounts
NEW YORK, Sept 16 (Reuters) - Wells Fargo & Co,
embroiled in a scandal over the opening of sham accounts, was
sued on Friday by customers who accused the bank of fraud and
recklessness for its behavior.
Read more
embroiled in a scandal over the opening of sham accounts, was
sued on Friday by customers who accused the bank of fraud and
recklessness for its behavior.
Read more
UPDATE 2-Swedish court upholds Assange warrant, clears way for questioning in October
STOCKHOLM, Sept 16 (Reuters) - A Swedish appeals court
decided to uphold the arrest warrant for Wikileaks founder
Julian Assange on Friday, prolonging the six year long legal
stand off with prosecutors and clearing the way for the
Wikileaks founder to be questioned in London next month.
Read more
decided to uphold the arrest warrant for Wikileaks founder
Julian Assange on Friday, prolonging the six year long legal
stand off with prosecutors and clearing the way for the
Wikileaks founder to be questioned in London next month.
Read more
BRIEF-Xenith Bankshares plans to cease operations of Gateway Bank
* Xenith Bankshares, Inc. announces plans to cease
operations of its mortgage banking subsidiary, Gateway Bank
Mortgage, Inc.
Read more
operations of its mortgage banking subsidiary, Gateway Bank
Mortgage, Inc.
Read more
BRIEF-Kimberly Page reports 9.99 pct passive stake in WPCS International
* Kimberly Page reports 9.99 pct passive stake in WPCS
International Inc as of September 15
Source text - http://bit.ly/2ct9iQ5
Further company coverage:
Read more
International Inc as of September 15
Source text - http://bit.ly/2ct9iQ5
Further company coverage:
Read more
UPDATE 1-Ghana to issue first domestic dollar bond next month - Finance Minister
ACCRA, Sept 16 (Reuters) - Ghana plans to issue its first
domestic investor only dollar bond next month in efforts to
deepen the government's financing streams and bolster the local
bond market, Finance Minister Seth Terkper said on Friday.
Read more
domestic investor only dollar bond next month in efforts to
deepen the government's financing streams and bolster the local
bond market, Finance Minister Seth Terkper said on Friday.
Read more
India's ICICI Pru Life IPO to raise $244 mln from anchor investors
MUMBAI, Sept 17 (Reuters) - ICICI Prudential Life Insurance
Co Ltd, which is due to launch on Monday India's biggest initial
public offering of shares in six years, is raising 16.35 billion
rupees ($243.7 million) by selling shares to 38 anchor investors
as part of the IPO.
Read more
Co Ltd, which is due to launch on Monday India's biggest initial
public offering of shares in six years, is raising 16.35 billion
rupees ($243.7 million) by selling shares to 38 anchor investors
as part of the IPO.
Read more
Merkel declines comment on U.S. penalty for Deutsche Bank
BERLIN, Sept 16 (Reuters) - German Chancellor Angela Merkel
declined to comment on Friday on the decision by the U.S.
Department of Justice to demand $14 billion from Deutsche Bank
to settle claims the lender missold mortgage-backed
securities.
Read more
declined to comment on Friday on the decision by the U.S.
Department of Justice to demand $14 billion from Deutsche Bank
to settle claims the lender missold mortgage-backed
securities.
Read more
DEALTALK-Trump's Mexico plans reignite Banamex questions for Citigroup
Sept 16 (Reuters) - For Citigroup Inc executives,
being asked why they won't sell their Mexican bank subsidiary
Banamex is as annoying as the yapping of a Chihuahua. But the
question keeps coming up.
Read more
being asked why they won't sell their Mexican bank subsidiary
Banamex is as annoying as the yapping of a Chihuahua. But the
question keeps coming up.
Read more
UPDATE 1-Central banks confirm formed task force on payments fraud
NEW YORK, Sept 16 (Reuters) - A committee of the world's
major central banks said on Friday it has launched a task force
to examine cyber security in cross-border banking and to ensure
interbank payments are protected, confirming an earlier Reuters
report.
Read more
major central banks said on Friday it has launched a task force
to examine cyber security in cross-border banking and to ensure
interbank payments are protected, confirming an earlier Reuters
report.
Read more
UPDATE 1-Poland seeks to annul CVC takeover of utility PKP Energetyka
WARSAW, Sept 16 (Reuters) - Poland's state-owned railway
company PKP has asked a Warsaw court to annul the sale last year
of its utility business PKP Energetyka to private equity fund
CVC Capital Partners, PKP said on Friday.
Read more
company PKP has asked a Warsaw court to annul the sale last year
of its utility business PKP Energetyka to private equity fund
CVC Capital Partners, PKP said on Friday.
Read more
BRIEF-HarbourVest says final cash offer for SVG compelling
* Continue to believe that our final cash offer provides
full, compelling and immediate cash value to shareholders of SVG
Capital
Read more
full, compelling and immediate cash value to shareholders of SVG
Capital
Read more
Listing of Italy's SIA is primary goal of core shareholders - sources
MILAN, Sept 16 (Reuters) - Italian state lender CDP,
infrastructure fund F2i and asset manager Orizzonte Sgr, which
own more than 60 percent in SIA, plan to list the payments
provider, three source close to the matter said on Friday,
without giving a precise time frame.
Read more
infrastructure fund F2i and asset manager Orizzonte Sgr, which
own more than 60 percent in SIA, plan to list the payments
provider, three source close to the matter said on Friday,
without giving a precise time frame.
Read more
BRIEF-INTL FCStone will redeem $45.5 mln principal amount of senior notes
* Says company will redeem aggregate outstanding $45.5
million principal amount of senior notes in full
Source text for Eikon:
Further company coverage:
Read more
million principal amount of senior notes in full
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Seritage Growth Properties says Sears Holdings has exercised its right to terminate master lease with respect to 17 stores
* Says Sears Holdings has exercised its right to terminate
master lease with respect to 17 stores
Read more
master lease with respect to 17 stores
Read more
BRIEF-Ezcorp Inc and certain of its subsidiaries entered into financing agreement
* Ezcorp Inc says financing agreement provides for a senior
secured credit facility in an aggregate principal amount of $100
million
Read more
secured credit facility in an aggregate principal amount of $100
million
Read more
JPMorgan, Mediobanca, Citi arranging bridge loan in Monte dei Paschi deal
VENICE, Italy, Sept 16 (Reuters) - Mediobanca, JP Morgan and
Citi are arranging a bridge loan needed for a 28 billion euro
($31 billion) bad loan sale which is part of an emergency rescue
plan at Monte dei Paschi di Siena, the chief executive
of Quaestio Asset Management said.
Read more
Citi are arranging a bridge loan needed for a 28 billion euro
($31 billion) bad loan sale which is part of an emergency rescue
plan at Monte dei Paschi di Siena, the chief executive
of Quaestio Asset Management said.
Read more
Enel signs $500 mln tax equity deal for U.S. wind project
* The U.S. renewable unit of Italy's biggest utility Enel
has signed a tax equity agreement with Bank of America
Merrill Lynch, JP Morgan and MetLife for
a 400 MW U.S. wind project
Read more
has signed a tax equity agreement with Bank of America
Merrill Lynch, JP Morgan and MetLife for
a 400 MW U.S. wind project
Read more
BRIEF-N Mas 1 Dinamia unit sells 26 pct of High Tech Hotels & Resorts
* Says its unit, Nmas1 Dinamia Portfolio II SL, has sold a
26 percent stake in High Tech Hotels & Resorts SA for 9.0
million euros ($10.1 million) net
Source text for Eikon:
Read more
26 percent stake in High Tech Hotels & Resorts SA for 9.0
million euros ($10.1 million) net
Source text for Eikon:
Read more
Deutsche capital worries return as US mega-fine looms
LONDON, Sept 16 (IFR) - Deutsche Bank faces the prospect of
having to tap shareholders for more cash after the US Department
of Justice asked Germany's flagship lender to pay US$14bn to
settle an investigation into alleged mis-selling of
mortgage-backed securities.
Read more
having to tap shareholders for more cash after the US Department
of Justice asked Germany's flagship lender to pay US$14bn to
settle an investigation into alleged mis-selling of
mortgage-backed securities.
Read more
BRIEF-Holdsport acquires African Nature Ltd
* Holdsport has acquired business of African Nature (PTY)
Ltd
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 80 6749 1136)
Read more
Ltd
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 80 6749 1136)
Read more
MOVES-OpenDoor hires Treasury veteran ahead of platform launch
LONDON, Sept 15 (IFR) - OpenDoor Securities, a start-up
platform for off-the-run Treasury and TIPS notes, has hired
Michael Paulus as a senior managing director ahead of the
platform's launch later this year.
Read more
platform for off-the-run Treasury and TIPS notes, has hired
Michael Paulus as a senior managing director ahead of the
platform's launch later this year.
Read more
Japan's finance industry lobbies against deeper BOJ negative rates
TOKYO, Sept 16 (Reuters) - Japan's finance industry
continued to lobby against any deepening of negative interest
rates by the central bank ahead of a closely-watched rate review
next week, with the head of the life insurance lobby warning on
Friday that rate cuts would do more harm than good to the
economy.
Read more
continued to lobby against any deepening of negative interest
rates by the central bank ahead of a closely-watched rate review
next week, with the head of the life insurance lobby warning on
Friday that rate cuts would do more harm than good to the
economy.
Read more
New Zealand extends anti-money laundering rules to capture property agents
SYDNEY/WELLINGTON, Sept 16 (Reuters) - New Zealand will
extend its anti-money laundering laws to cover real estate
agents and other professions amid fears the country has become a
soft target for illegal fund flows that have also helped inflate
the property market.
Read more
extend its anti-money laundering laws to cover real estate
agents and other professions amid fears the country has become a
soft target for illegal fund flows that have also helped inflate
the property market.
Read more
European shares head for weekly loss, Deutsche Bank slumps
LONDON, Sept 16 (Reuters) - European shares edged lower in
early trading on Friday and headed for their second straight
week of losses, with Deutsche Bank slumping after
saying the U.S. government was asking it to pay a huge amount to
settle the mortgages case.
Read more
early trading on Friday and headed for their second straight
week of losses, with Deutsche Bank slumping after
saying the U.S. government was asking it to pay a huge amount to
settle the mortgages case.
Read more
German state of Hesse sues VW for damages caused by dieselgate
FRANKFURT, Sept 16 (Reuters) - The German state of Hesse
will sue Volkswagen for damages caused by its
emissions-test cheating scandal, its Finance Minister said on
Friday.
Read more
will sue Volkswagen for damages caused by its
emissions-test cheating scandal, its Finance Minister said on
Friday.
Read more
Thursday, September 15, 2016
UK's Phoenix in advanced talks to buy Deutsche Bank's Abbey Life
Sept 16 (Reuters) - Phoenix Group Holdings,
Britain's largest owner of life assurance funds closed to new
customers, said it was in advanced discussions with Deutsche
Bank AG about the possible acquisition of its British
insurance business, Abbey Life Assurance.
Read more
Britain's largest owner of life assurance funds closed to new
customers, said it was in advanced discussions with Deutsche
Bank AG about the possible acquisition of its British
insurance business, Abbey Life Assurance.
Read more
BRIEF-Concent develops 37 new homes in Norrköping
* Says has been named the winner in a land allocation competition in Sandtorp in Norrköping
Read more
Read more
U.S. lawmakers ask Wells about taking back bonuses linked to scam case
WASHINGTON, Sept 16 (Reuters) - Five Democratic U.S.
Senators have asked Wells Fargo if it plans to take back bonuses
and other compensation to executives linked to the 2 million
phony bank accounts that employees created to meet sales quotas.
Read more
Senators have asked Wells Fargo if it plans to take back bonuses
and other compensation to executives linked to the 2 million
phony bank accounts that employees created to meet sales quotas.
Read more
BRIEF-IBJ Leasing plans 8th and 9th series unsecured corporate bonds worth totaling 18 bln yen
* Says it plans to issue 8th series unsecured corporate
bonds worth 10 billion yen, with maturity date Sept. 27, 2021
and coupon rate 0.21 percent per annual
Read more
bonds worth 10 billion yen, with maturity date Sept. 27, 2021
and coupon rate 0.21 percent per annual
Read more
UPDATE 1-Poll shows 66 pct of California voters favor drug price initiative
Sept 15 (Reuters) - An initiative on California's November
ballot aimed at reining in prescription drug prices is favored
by 66 percent of state voters, according to a new poll released
on Thursday.
Read more
ballot aimed at reining in prescription drug prices is favored
by 66 percent of state voters, according to a new poll released
on Thursday.
Read more
UPDATE 2-Deutsche Bank says U.S. DoJ asks it to pay $14 bln to settle mortgages case
FRANKFURT, Sept 16 (Reuters) - The U.S. Department of
Justice is asking Deutsche Bank to pay $14 billion to
settle an investigation into its selling of mortgage-backed
securities, Germany's flagship lender said on Friday.
Read more
Justice is asking Deutsche Bank to pay $14 billion to
settle an investigation into its selling of mortgage-backed
securities, Germany's flagship lender said on Friday.
Read more
UPDATE 1-U.S. stock funds post largest weekly outflows in a year- Lipper
(Recasts; adds data on mutual funds and ETF, analyst quote,
table, byline)
By Trevor Hunnicutt
NEW YORK, Sept 15 (Reuters) - Investors fled U.S.-based
stock funds at the fastest rate in a year, Lipper data for the
latest week showed on Thursday, as fears over global central
bank policy shook markets from their summertime slumber.
Some $14.4 billion fled stock funds in the United States
during the seven days through Sept. 14, the data showed, the
quickest pace of outflows for the f
Read more
UPDATE 1-Jefferies launches new technology group, six bankers start work
SAN FRANCISCO, Sept 15 (Reuters) - Jefferies Group LLC has
officially launched its expanded technology investment banking
practice, with six new managing directors starting their new
roles in San Francisco, according to a memo the bank sent out to
clients this week.
Read more
officially launched its expanded technology investment banking
practice, with six new managing directors starting their new
roles in San Francisco, according to a memo the bank sent out to
clients this week.
Read more
HSBC wins dismissal of Madoff customer class action in U.S.
NEW YORK, Sept 15 (Reuters) - HSBC Holdings Plc on
Thursday won the dismissal of a lawsuit by former Bernard Madoff
customers who accused the British bank of fueling his massive
Ponzi scheme by ignoring red flags and encouraging "feeder
funds" to invest with him.
Read more
Thursday won the dismissal of a lawsuit by former Bernard Madoff
customers who accused the British bank of fueling his massive
Ponzi scheme by ignoring red flags and encouraging "feeder
funds" to invest with him.
Read more
UPDATE 3-Britain's Informa to boost U.S. presence with Penton deal
* Informa to buy Penton from private equity firms
(Adds investment returns for owners, stock price, paragraphs
11, 13-15)
Read more
(Adds investment returns for owners, stock price, paragraphs
11, 13-15)
Read more
Fitch Expects to Rate Unifin's Proposed Senior Notes 'BB'
(The following statement was released by the rating agency)
MONTERREY, September 15 (Fitch) Fitch Ratings has assigned an
expected long-Term
rating of 'BB(EXP)' to Unifin Financiera, S.A.B. de C.V., SOFOM
E.N.R.'s
(Unifin) proposed senior notes. The final rating is contingent
upon the receipt
of final documents conforming to the information already
received.
Proposed senior notes, up to USD500 million, will have a
maturity of seven years
(due 2023) with semi-annual fixed-rate interest payme
Read more
MONTERREY, September 15 (Fitch) Fitch Ratings has assigned an
expected long-Term
rating of 'BB(EXP)' to Unifin Financiera, S.A.B. de C.V., SOFOM
E.N.R.'s
(Unifin) proposed senior notes. The final rating is contingent
upon the receipt
of final documents conforming to the information already
received.
Proposed senior notes, up to USD500 million, will have a
maturity of seven years
(due 2023) with semi-annual fixed-rate interest payme
Read more
BRIEF-Global Medical REIT says entered into purchase contracts
* Global Medical REIT Inc says also has entered into an
assignment and assumption agreement to assume a purchase
contract for a third project
Read more
assignment and assumption agreement to assume a purchase
contract for a third project
Read more
Silicon Valley 3D printing startup gets $81 million in new funding
REDWOOD CITY, Calif., Sept 15 (Reuters) - Carbon, a Silicon
Valley startup that is developing 3D printers to produce medical
devices and car parts on demand, said on Thursday it had closed
on $81 million in funding that brought the total it has raised
to $222 million.
Read more
Valley startup that is developing 3D printers to produce medical
devices and car parts on demand, said on Thursday it had closed
on $81 million in funding that brought the total it has raised
to $222 million.
Read more
MOVES-Stoler leaves Credit Suisse CMBS team
NEW YORK, Sept 15 (IFR) - Jeremy Stoler, a director in the
commercial mortgage division of Credit Suisse's asset finance
group has left the bank, according to three people familiar with
the matter.
Read more
commercial mortgage division of Credit Suisse's asset finance
group has left the bank, according to three people familiar with
the matter.
Read more
BRIEF-American Express reports August credit card statistics
* U.S. Small Business Card Member Loans 30 days past due
loans as a % of total at August end 1.1 % versus 1.1% at July
end
Read more
loans as a % of total at August end 1.1 % versus 1.1% at July
end
Read more
UPDATE 1-Brazil watching impact of scandal on banks, worries persist
SAO PAULO/BRASILIA, Sept 15 (Reuters) - The impact of
Brazil's biggest corruption scandal on bank balance sheets still
requires attention from policymakers even though the risk to the
sector is manageable, a senior central bank official said on
Thursday.
Read more
Brazil's biggest corruption scandal on bank balance sheets still
requires attention from policymakers even though the risk to the
sector is manageable, a senior central bank official said on
Thursday.
Read more
UPDATE 2-Chesapeake Energy loses appeal in $438.7 mln bond dispute
NEW YORK, Sept 15 (Reuters) - A federal appeals court on
Thursday rejected Chesapeake Energy Corp's effort to
avoid having to pay $438.7 million, including interest, to
investors in a bond dispute.
Read more
Thursday rejected Chesapeake Energy Corp's effort to
avoid having to pay $438.7 million, including interest, to
investors in a bond dispute.
Read more
Fitch: U.S. Mortgage Loan Mods Double for Ocwen Post-Streamline HAMP
(The following statement was released by the rating agency)
NEW YORK, September 15 (Fitch) Ocwen Loan Servicing's (Ocwen)
loan modification
activity has roughly doubled beginning in July due to the
implementation of the
Streamline HAMP program, according to Fitch Ratings. Ocwen
expects modification
activity to remain elevated for several months as a result of
the program.
Ocwen expects that the increased cash flow from the successful
modifications
will outweigh the costs of unsuccessful mod
Read more
NEW YORK, September 15 (Fitch) Ocwen Loan Servicing's (Ocwen)
loan modification
activity has roughly doubled beginning in July due to the
implementation of the
Streamline HAMP program, according to Fitch Ratings. Ocwen
expects modification
activity to remain elevated for several months as a result of
the program.
Ocwen expects that the increased cash flow from the successful
modifications
will outweigh the costs of unsuccessful mod
Read more
BRIEF--UK commercial property values fall 0.6536 pct in August- figures from MSCI IPD index
* UK commercial property values fall 0.6536 pct in August -
data from MSCI IPD real estate index
(Bengaluru Newsroom: +91 80 6749 1136)
Read more
data from MSCI IPD real estate index
(Bengaluru Newsroom: +91 80 6749 1136)
Read more
TD sells home improvement financing assets
TORONTO, Sept 15 (Reuters) - Toronto Dominion Bank
has sold home improvement financing assets to financial
technology company Financeit and Concentra, a provider of
services to credit unions, the buyers said on Thursday.
Read more
has sold home improvement financing assets to financial
technology company Financeit and Concentra, a provider of
services to credit unions, the buyers said on Thursday.
Read more
BRIEF-SEB Investment Management increases stake in Nordax to 7.48 pct
* Says SEB Investment Management increased on Sept. 14 its holding in Nordax Group AB
to 8.3 million shares, corresponding to 7.48 pct of Nordax' shares and votes
Read more
to 8.3 million shares, corresponding to 7.48 pct of Nordax' shares and votes
Read more
SNB's Jordan says raising rates wouldn't help Swiss financial sector
ZURICH, Sept 15 (Reuters) - The chairman of the Swiss
National Bank defended the bank's negative interest rate policy,
which it maintained on Thursday, saying any changes would not
help financial institutions hit by the measure.
Read more
National Bank defended the bank's negative interest rate policy,
which it maintained on Thursday, saying any changes would not
help financial institutions hit by the measure.
Read more
CANADA STOCKS-Futures higher as oil edges up
Sept 15 (Reuters) - Stock futures pointed to a higher
opening for Canada's main stock index on Thursday as oil prices
edged up after two consecutive days of losses.
Read more
opening for Canada's main stock index on Thursday as oil prices
edged up after two consecutive days of losses.
Read more
Indonesia c.bank allows banks to sell FX call spread options
JAKARTA, Sept 15 (Reuters) - Indonesia's central bank on
Thursday issued a regulation allowing banks to sell call spread
option contracts of foreign exchange transaction for hedging
purposes.
Read more
Thursday issued a regulation allowing banks to sell call spread
option contracts of foreign exchange transaction for hedging
purposes.
Read more
Vietnam to launch derivatives market in early 2017
HANOI, Sept 15 (Reuters) - Vietnam plans to open a
derivatives market in the first quarter of next year in a bid to
draw more investment to its capital markets, with futures
contracts set to launch first, the Hanoi Stock Exchange said on
Thursday.
Read more
derivatives market in the first quarter of next year in a bid to
draw more investment to its capital markets, with futures
contracts set to launch first, the Hanoi Stock Exchange said on
Thursday.
Read more
BRIEF-Immofinanz says talks with CA Immo on merger have started
* Immofinanz COO says talks with CA Immo on possible merger
have started, too early to talk about share exchange ratio
Further company coverage:
Read more
have started, too early to talk about share exchange ratio
Further company coverage:
Read more
Paperboard firm Powerflute says to be bought for $354 mln
HELSINKI, Sept 15 (Reuters) - Finnish paperboard company
Powerflute Oyj recommended cash offer from private
equity firm Madison Dearborn Partners LLC for 268 million pounds
($354 million), it said on Thursday.
Read more
Powerflute Oyj recommended cash offer from private
equity firm Madison Dearborn Partners LLC for 268 million pounds
($354 million), it said on Thursday.
Read more
Swiss National Bank keeps expansive policy to check overvalued franc
ZURICH, Sept 15 (Reuters) - Switzerland's central bank on
Thursday kept its expansive monetary policy intact, holding its
negative interest rates at record low levels despite mounting
criticism of the policy that has hurt banks and pensions.
Read more
Thursday kept its expansive monetary policy intact, holding its
negative interest rates at record low levels despite mounting
criticism of the policy that has hurt banks and pensions.
Read more
Success for women entrepreneurs in poor countries means enlisting men - activists
SAN FRANCISCO, Sept 15 (Thomson Reuters Foundation) -
E fforts to help women build small businesses in developing
countries risk failure unless husbands, fathers and other men
are convinced to be supportive and involved, activists said.
Read more
E fforts to help women build small businesses in developing
countries risk failure unless husbands, fathers and other men
are convinced to be supportive and involved, activists said.
Read more
Nigeria raises 121 bln in 2021, 2026, 2036 bonds at higher yields -debt office
LAGOS, Sept 15 (Reuters) - Nigeria raised 121 billion naira
($372.88 million) in an auction of local-currency bonds on
Wednesday, with yields higher across the board, the Debt
Management Office said on Thursday.
Read more
($372.88 million) in an auction of local-currency bonds on
Wednesday, with yields higher across the board, the Debt
Management Office said on Thursday.
Read more
BRIEF-Stenprop says basic earnings for 3 months to June 30 at 6.7 mln euros
* Basic earnings attributable to ordinary shareholders for
three month period to 30 June 2016 were eur6.7 million1 (2015:
eur7.1 million)
Read more
three month period to 30 June 2016 were eur6.7 million1 (2015:
eur7.1 million)
Read more
Wednesday, September 14, 2016
Polish billionaire may join race for SABMiller's east Europe brands - report
WARSAW, Sept 15 (Reuters) - Polish billionaire Sebastian
Kulczyk could team up with private equity funds in a potential
joint bid for SABMiller's central and eastern European
beer brands, Puls Biznesu daily said on Thursday quoting unnamed
sources.
Read more
Kulczyk could team up with private equity funds in a potential
joint bid for SABMiller's central and eastern European
beer brands, Puls Biznesu daily said on Thursday quoting unnamed
sources.
Read more
Malaysia to review proposal to let property developers lend to buyers
KUALA LUMPUR, Sept 15 (Reuters) - Malaysia is reviewing a
move to allow property developers to lend to buyers, after
concerns that it may cause a subprime mortgage crisis in a
country that already has one of Asia's highest household debt
burdens.
Read more
move to allow property developers to lend to buyers, after
concerns that it may cause a subprime mortgage crisis in a
country that already has one of Asia's highest household debt
burdens.
Read more
BRIEF-Mutual Benefits Assurance reports HY group profit before income tax 493.9 mln Naira
* HY ended June 30, 2016 group net premium income 5.56
billion Naira versus 5.88 billion Naira
Read more
billion Naira versus 5.88 billion Naira
Read more
Fitch: Property Developer Lending Could Stoke Risks in Malaysia
(The following statement was released by the rating agency)
SINGAPORE, September 14 (Fitch) The Malaysian government's
decision to grant
lending licences to property developers could add to the risks
associated with
rising household debt, says Fitch Ratings. The scheme is likely
to encourage
unregulated lending to households with weak financial profiles,
and could
undermine the strength of the financial system if not
implemented prudently.
Tan Sri Noh Omar, Minister for Urban Wellbeing, Hou
Read more
SINGAPORE, September 14 (Fitch) The Malaysian government's
decision to grant
lending licences to property developers could add to the risks
associated with
rising household debt, says Fitch Ratings. The scheme is likely
to encourage
unregulated lending to households with weak financial profiles,
and could
undermine the strength of the financial system if not
implemented prudently.
Tan Sri Noh Omar, Minister for Urban Wellbeing, Hou
Read more
Morning News Call - India, September 15
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09152016.pdf
FACTORS TO WATCH
9:30 am: Farm Minister Radha Mohan Singh will attend the national conference
on agriculture in New Delhi.
GMF: ASIA LIVECHAT - MARKETS FOCUS with Evan Lucas, Market Strategist, IG
Bond yields have started hardening again but equities are still on the run.
Evan joins at 1000 GMT to share his outlook on what lies ahead.
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09152016.pdf
FACTORS TO WATCH
9:30 am: Farm Minister Radha Mohan Singh will attend the national conference
on agriculture in New Delhi.
GMF: ASIA LIVECHAT - MARKETS FOCUS with Evan Lucas, Market Strategist, IG
Bond yields have started hardening again but equities are still on the run.
Evan joins at 1000 GMT to share his outlook on what lies ahead.
Read more
Fitch Affirms Westpac's Mortgage Covered Bonds at 'AAA'/Stable
(The following statement was released by the rating agency)
SYDNEY, September 14 (Fitch) Fitch Ratings has affirmed Westpac
Banking
Corporation's (WBC, AA-/Stable/F1+) AUD27.2bn of outstanding
mortgage covered
bonds at 'AAA'. The Outlook is Stable.
KEY RATING DRIVERS
The rating is based on WBC's Long-Term Issuer Default Rating
(IDR) of 'AA-', an
unchanged Discontinuity Cap (D-Cap) of 4 notches and the asset
percentage (AP)
of 89% used in the programme's asset coverage test, which Fitch
reli
Read more
SYDNEY, September 14 (Fitch) Fitch Ratings has affirmed Westpac
Banking
Corporation's (WBC, AA-/Stable/F1+) AUD27.2bn of outstanding
mortgage covered
bonds at 'AAA'. The Outlook is Stable.
KEY RATING DRIVERS
The rating is based on WBC's Long-Term Issuer Default Rating
(IDR) of 'AA-', an
unchanged Discontinuity Cap (D-Cap) of 4 notches and the asset
percentage (AP)
of 89% used in the programme's asset coverage test, which Fitch
reli
Read more
BRIEF-Moody's says Hong Kong's passing of financial institutions ordinance is key milestone
* Moody's:Hong Kong's passing of financial institutions
(resolution) ordinance is a key milestone
Read more
(resolution) ordinance is a key milestone
Read more
BRIEF-Philippines' ArthaLand eyes $63 mln via follow-on offering
* Says plans follow-on public offering of up to 30 million
preferred shares at 100 pesos per share
Source text for Eikon: http://bit.ly/2cOZiRP
Further company coverage:
(Reporting By Enrico Dela Cruz)
Read more
preferred shares at 100 pesos per share
Source text for Eikon: http://bit.ly/2cOZiRP
Further company coverage:
(Reporting By Enrico Dela Cruz)
Read more
UPDATE 3-Pimco says Bill Gross leaked bonus data, showed bad faith
Sept 14 (Reuters) - Pacific Investment Management Co accused
former star bond fund manager Bill Gross of leaking confidential
bonus data and exercising "bad faith" in pursuing a $200 million
lawsuit over his sudden departure from the firm in September
2014.
Read more
former star bond fund manager Bill Gross of leaking confidential
bonus data and exercising "bad faith" in pursuing a $200 million
lawsuit over his sudden departure from the firm in September
2014.
Read more
BRIEF-Berkshire Hathaway bought about 1 mln shares of Phillips 66 from 12 Sept to 14 Sept - SEC filing
* Berkshire Hathaway Inc bought about 1 million shares of Phillips 66 from 12 Sept to 14
Sept - SEC filing
Read more
Sept - SEC filing
Read more
Brazil may retake Rio airport amid funding problems, official says
RIO DE JANEIRO, Sept 14 (Reuters) - The Brazilian government
is considering retaking control of Rio de Janeiro's
international airport from a consortium of private investors who
are struggling with a dearth of long-term financing, a senior
official said on Wednesday.
Read more
is considering retaking control of Rio de Janeiro's
international airport from a consortium of private investors who
are struggling with a dearth of long-term financing, a senior
official said on Wednesday.
Read more
Fitch: NZ Regional Lenders' Solid Performance to Continue; Macro Risks Rising
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Peer Review - New Zealand
Regional Lenders
https://www.fitchratings.com/site/re/887531
SYDNEY, September 14 (Fitch) New Zealand's regional lenders
(Regionals) are
likely to continue their adequate performance over the next year
or two,
although risks in the operating environment are increasing,
Fitch Ratings says
in a new report.
Fitch upgraded the Long-Term Issuer Default Rating and Viability
Rating of
Read more
Link to Fitch Ratings' Report: Peer Review - New Zealand
Regional Lenders
https://www.fitchratings.com/site/re/887531
SYDNEY, September 14 (Fitch) New Zealand's regional lenders
(Regionals) are
likely to continue their adequate performance over the next year
or two,
although risks in the operating environment are increasing,
Fitch Ratings says
in a new report.
Fitch upgraded the Long-Term Issuer Default Rating and Viability
Rating of
Read more
REFILE-UPDATE 2-U.S. prosecutors investigate Wells Fargo's sales practices -source
NEW YORK, Sept 14 (Reuters) - U.S. prosecutors have begun an
investigation related to sales practices at Wells Fargo & Co
that led the bank to agree to a $190 million settlement
with regulators, a person familiar with the matter said on
Wednesday.
Read more
investigation related to sales practices at Wells Fargo & Co
that led the bank to agree to a $190 million settlement
with regulators, a person familiar with the matter said on
Wednesday.
Read more
CME Group says to launch precious metals spread, ratio contracts
NEW YORK, Sept 14 (Reuters) - CME Group Inc
announced on Wednesday it is launching three new contracts to
begin trading on Oct. 24, pending review.
Read more
announced on Wednesday it is launching three new contracts to
begin trading on Oct. 24, pending review.
Read more
UPDATE 2-U.S. judge vacates Och-Ziff class action hours after certifying it
NEW YORK, Sept 14 (Reuters) - A federal judge on Wednesday
certified a class-action lawsuit against Och-Ziff Capital
Management Group LLC related to a bribery probe, only to
throw out the certification six hours later after being advised
that the company had not had a chance to object.
Read more
certified a class-action lawsuit against Och-Ziff Capital
Management Group LLC related to a bribery probe, only to
throw out the certification six hours later after being advised
that the company had not had a chance to object.
Read more
BRIEF-Tiptree says Caroline Holdings entered stock purchase agreement with Nomura Securities
* On September 14, 2016, Caroline Holdings unit of co
entered into stock purchase agreement with Nomura Securities
Co., ltd
Read more
entered into stock purchase agreement with Nomura Securities
Co., ltd
Read more
BRIEF-Brown & Brown reports the asset acquisition of Kronholm Insurance Services
* Brown & Brown, Inc. announces the asset acquisition of
Kronholm Insurance Services
Source text for Eikon:
Further company coverage:
Read more
Kronholm Insurance Services
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Julian Singer reports 5.6 pct stake in Aviat Networks
* Purchased Aviat Networks Inc shares based on belief that
shares, when purchased, were undervalued
Source text - http://bit.ly/2cYKTD0
Further company coverage:
Read more
shares, when purchased, were undervalued
Source text - http://bit.ly/2cYKTD0
Further company coverage:
Read more
Brazil's Postalis mulls bad loan options after failed sale -sources
SAO PAULO, Sept 14 (Reuters) - Postalis Instituto de
Previdência Complementar, the Brazilian pension fund for post
office workers, is gauging how to offload 2.2 billion reais
($661 million) worth of bad loans after a planned sale collapsed
amid management changes and feeble demand, according to people
with direct knowledge of the matter.
Read more
Previdência Complementar, the Brazilian pension fund for post
office workers, is gauging how to offload 2.2 billion reais
($661 million) worth of bad loans after a planned sale collapsed
amid management changes and feeble demand, according to people
with direct knowledge of the matter.
Read more
Federal prosecutors investigate Wells Fargo's sales practices - WSJ
Sept 14 (Reuters) - Federal prosecutors are in the early
stages of an investigation into sales practices at Wells Fargo &
Co, the Wall Street Journal reported, citing people
familiar with the matter.
Read more
stages of an investigation into sales practices at Wells Fargo &
Co, the Wall Street Journal reported, citing people
familiar with the matter.
Read more
Pimco says Bill Gross leaked bonus data, shows bad faith
Sept 14 (Reuters) - Pacific Investment Management Co accused
former star bond fund manager Bill Gross of leaking confidential
bonus data to an outside columnist, and exercising "bad faith"
by withholding materials it is entitled to see as it defends
against his $200 million lawsuit.
Read more
former star bond fund manager Bill Gross of leaking confidential
bonus data to an outside columnist, and exercising "bad faith"
by withholding materials it is entitled to see as it defends
against his $200 million lawsuit.
Read more
BRIEF-GE Digital acquires Meridium Inc
* GE Digital acquires Meridium Inc to accelerate delivery of
comprehensive asset performance management offering for
customers
Read more
comprehensive asset performance management offering for
customers
Read more
BRIEF-PAREF H1 net profit rises to EUR 5.9 mln
* H1 net profit group share 5.9 million euros ($5.18
million) versus 3.5 million euros a year ago
Read more
million) versus 3.5 million euros a year ago
Read more
UPDATE 3-Juncker upsets Web firms with EU internet plan
* Showdown seen between content rights holders, websites
(Edits, adds detail on reform plans)
Read more
(Edits, adds detail on reform plans)
Read more
Sapphire Ventures closes $1 billion fund to back startups
SAN FRANCISCO, Sept 14 (Reuters) - Venture capital firm
Sapphire Ventures has closed a $1 billion fund to invest in
technology startups, becoming the latest investment firm to join
a record-breaking clip of venture fundraising.
Read more
Sapphire Ventures has closed a $1 billion fund to invest in
technology startups, becoming the latest investment firm to join
a record-breaking clip of venture fundraising.
Read more
BRIEF-JPMorgan Chase signs Best Buy to accept Chase Pay
* Signed a multiyear agreement for Best Buy to accept Chase
Pay in its stores, on bestbuy.com and in Best Buy app
Source text for Eikon:
Further company coverage:,
Read more
Pay in its stores, on bestbuy.com and in Best Buy app
Source text for Eikon:
Further company coverage:,
Read more
Fitch Affirms AXA Bank Europe SCF's OF at 'AAA'; Outlook Stable
(The following statement was released by the rating agency)
PARIS, September 14 (Fitch) Fitch Ratings has affirmed AXA Bank
Europe SCF's
EUR4.15bn obligations foncieres (OF, French legislative covered
bonds) at 'AAA'.
The Outlook is Stable.
KEY RATING DRIVERS
The breakeven overcollateralisation (OC) for the 'AAA' rating of
the OF is
unchanged at 5%. This is driven by an asset disposal loss
component of 7.3%,
which reflects maturity mismatches between the assets and the
liabilities and
the h
Read more
PARIS, September 14 (Fitch) Fitch Ratings has affirmed AXA Bank
Europe SCF's
EUR4.15bn obligations foncieres (OF, French legislative covered
bonds) at 'AAA'.
The Outlook is Stable.
KEY RATING DRIVERS
The breakeven overcollateralisation (OC) for the 'AAA' rating of
the OF is
unchanged at 5%. This is driven by an asset disposal loss
component of 7.3%,
which reflects maturity mismatches between the assets and the
liabilities and
the h
Read more
MIDEAST STOCKS-Egypt drops in holiday-thinned trade
DUBAI, Sept 14 (Reuters) - Egypt's stock market fell in very
thin trade on Wednesday with many investors absent for Eid
al-Adha holidays, while bourses in the Gulf stayed closed.
Read more
thin trade on Wednesday with many investors absent for Eid
al-Adha holidays, while bourses in the Gulf stayed closed.
Read more
Wells Fargo's unit to sell fund administration business
Sept 14 (Reuters) - Wells Fargo & Co said its unit
had agreed to sell its fund administration business, Wells Fargo
Global Fund Services (GFS), to SS&C Technologies Holdings Inc
.
Read more
had agreed to sell its fund administration business, Wells Fargo
Global Fund Services (GFS), to SS&C Technologies Holdings Inc
.
Read more
Copenhagen may be in a housing bubble, central bank warns
COPENHAGEN, Sept 14 (Reuters) - A housing bubble is looming
in Copenhagen, inflated by Denmark's record-low interest rates,
the central bank said on Wednesday.
Read more
in Copenhagen, inflated by Denmark's record-low interest rates,
the central bank said on Wednesday.
Read more
Sri Lankan rupee ends lower on importer dollar demand
COLOMBO, Sept 14 (Reuters) - The Sri Lankan rupee ended 0.2
percent weaker on Wednesday as importer dollar demand surpassed
exporter sales of the U.S. currency, dealers said.
Read more
percent weaker on Wednesday as importer dollar demand surpassed
exporter sales of the U.S. currency, dealers said.
Read more
BRIEF-Lazard expands financial advisory in North America with acquisition of Canada-based Verus Partners
* expands financial advisory in North America with
acquisition of Canada based Verus Partners
Read more
acquisition of Canada based Verus Partners
Read more
Uber debuts self-driving vehicles in landmark Pittsburgh trial
PITTSBURGH, Sept 14 (Reuters) - When Pittsburgh wakes up on
Wednesday morning, some residents will have the choice of going
about their day in an Uber that drives itself.
Read more
Wednesday morning, some residents will have the choice of going
about their day in an Uber that drives itself.
Read more
BRIEF-Taiwan says it suspends Mega Financial from setting up overseas banking branches
Sept 14 (Reuters) - Taiwan's financial regulator, Financial
Supervisory Commission (FSC), says:
Read more
Supervisory Commission (FSC), says:
Read more
BRIEF-Spain bank borrowing from the ECB slips slightly in August
* Says Spain's banks borrowed 136 billion euros ($152.6
billion) from the European Central Bank in August, down slightly
from 137 billion euros in July
Source text for Eikon: [http://bit.ly/172fMBC]
($1 = 0.8913 euros)
(Reporting by Madrid Newsroom)
Read more
billion) from the European Central Bank in August, down slightly
from 137 billion euros in July
Source text for Eikon: [http://bit.ly/172fMBC]
($1 = 0.8913 euros)
(Reporting by Madrid Newsroom)
Read more
Norway's August new homes sales rose 29 pct yr/yr
OSLO, Sept 14 (Reuters) - The sale of new Norwegian homes
rose by 29 percent year-on-year in August, while housing starts
rose by 16 percent, the Norwegian Home Builders' Association
said on Wednesday.
Read more
rose by 29 percent year-on-year in August, while housing starts
rose by 16 percent, the Norwegian Home Builders' Association
said on Wednesday.
Read more
BRIEF-Ardian raises 4 bln euros in 4 months for Ardian LBO Fund VI
* Raised 4 billion euros (the hard cap) in four months for
its sixth generation mid cap buyout fund, Ardian LBO Fund VI
Read more
its sixth generation mid cap buyout fund, Ardian LBO Fund VI
Read more
RPT-Investors reluctant to back Monte Paschi's cash call
LONDON, Sept 13 (Reuters) - Investors are reluctant to back
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters, posing a huge challenge for a new CEO
seeking to save the Italian bank.
Read more
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters, posing a huge challenge for a new CEO
seeking to save the Italian bank.
Read more
Tuesday, September 13, 2016
Fitch: India's First Offshore Basel III AT1 Issue A Positive
(The following statement was released by the rating agency)
MUMBAI/SINGAPORE, September 14 (Fitch) A successful cross-border
Additional Tier
1 (AT1) issue by State Bank of India (SBI, BBB-/Stable), India's
largest bank by
assets, would be a positive development for India's banking
system, Fitch
Ratings says.
The first cross-border deal in the dollar AT1 market from an
Indian bank would
open up a new source of much-needed regulatory capital and
provide a pricing
benchmark for other banks ke
Read more
MUMBAI/SINGAPORE, September 14 (Fitch) A successful cross-border
Additional Tier
1 (AT1) issue by State Bank of India (SBI, BBB-/Stable), India's
largest bank by
assets, would be a positive development for India's banking
system, Fitch
Ratings says.
The first cross-border deal in the dollar AT1 market from an
Indian bank would
open up a new source of much-needed regulatory capital and
provide a pricing
benchmark for other banks ke
Read more
TABLE-Star Asia Investment -8 MTH results
Sep 14 (Reuters)
Star Asia Investment Corporation
FINANCIAL HIGHLIGHTS
(in billions of yen unless specified)
8 months 6 months 6 months
ended Jul 31, 2016 to Jan 31, 2017 to Jul 31, 2017
LATEST COMPANY COMPANY
RESULTS FORECAST FORECAST
Revenues 1.86 1.99 2.00
Read more
Star Asia Investment Corporation
FINANCIAL HIGHLIGHTS
(in billions of yen unless specified)
8 months 6 months 6 months
ended Jul 31, 2016 to Jan 31, 2017 to Jul 31, 2017
LATEST COMPANY COMPANY
RESULTS FORECAST FORECAST
Revenues 1.86 1.99 2.00
Read more
BRIEF- Gemalto supports Cathay United Bank in securing its online banking
* Cathay United Bank deploys Gemalto's mobile-based authentication solution to secure online
banking in Taiwan
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
banking in Taiwan
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-Nairobi Securities Exchange reports HY pre-tax profit of 106.7 million shillings
* HY ended June 30, 2016 profit before taxation 106.7
million shillings versus 218.7 million shillings year ago
Read more
million shillings versus 218.7 million shillings year ago
Read more
EU's Schulz calls for review of ethics code after Barroso goes to Goldman
BERLIN, Sept 14 (Reuters) - European Parliament President
Martin Schulz said the European Union should revise its code of
conduct after the furor caused by former European Commission
President Jose Manuel Barroso taking a job with U.S. bank
Goldman Sachs, a German paper reported on Wednesday.
Read more
Martin Schulz said the European Union should revise its code of
conduct after the furor caused by former European Commission
President Jose Manuel Barroso taking a job with U.S. bank
Goldman Sachs, a German paper reported on Wednesday.
Read more
Fitch Assigns Final 'BBB' to China Everbright Bank Hong Kong Branch's MTN Programme
(The following statement was released by the rating agency)
HONG KONG, September 14 (Fitch) Fitch Ratings has today assigned
China
Everbright Bank (CEB, BBB/Stable) Hong Kong Branch's US dollar
medium-term note
(MTN) programme a final rating of 'BBB'. Fitch also assigned a
final rating of
'BBB' to the USD500m 2% notes due 2019 issued under the
programme.
The notes will be listed on the Hong Kong Stock Exchange and the
proceeds will
be used primarily to support CEB Hong Kong Branch's general
Read more
HONG KONG, September 14 (Fitch) Fitch Ratings has today assigned
China
Everbright Bank (CEB, BBB/Stable) Hong Kong Branch's US dollar
medium-term note
(MTN) programme a final rating of 'BBB'. Fitch also assigned a
final rating of
'BBB' to the USD500m 2% notes due 2019 issued under the
programme.
The notes will be listed on the Hong Kong Stock Exchange and the
proceeds will
be used primarily to support CEB Hong Kong Branch's general
Read more
BRIEF-China Fortune Land Development unit to buy 48.27 pct stake in property unit
* Says it wholly owned unit plans to buy 48.27 percent stake
in a property unit from Shanghai-based wealth company, for 2.5
billion yuan
Read more
in a property unit from Shanghai-based wealth company, for 2.5
billion yuan
Read more
BRIEF-Lvjing Holding unit to cooperate with tech firm
* Says its Shenzhen-based hospital management unit signed
cooperation framework agreement with a Shenzhen-based technology
firm
Read more
cooperation framework agreement with a Shenzhen-based technology
firm
Read more
Fitch Assigns 'B+(EXP)' to Jababeka's Proposed USD Notes
(The following statement was released by the rating agency)
SINGAPORE/JAKARTA, September 13 (Fitch) Fitch Ratings has
assigned
Indonesia-based PT Kawasan Industri Jababeka Tbk's (Jababeka,
B+/A(idn)/Stable)
proposed US dollar-denominated senior unsecured notes due in
2023 an expected
rating of 'B+(EXP)', with a Recovery Rating of 'RR4'. The notes
will be issued
by Jababeka's wholly owned subsidiary, Jababeka International
B.V., and
guaranteed by Jababeka and certain subsidiaries.
The new 20
Read more
SINGAPORE/JAKARTA, September 13 (Fitch) Fitch Ratings has
assigned
Indonesia-based PT Kawasan Industri Jababeka Tbk's (Jababeka,
B+/A(idn)/Stable)
proposed US dollar-denominated senior unsecured notes due in
2023 an expected
rating of 'B+(EXP)', with a Recovery Rating of 'RR4'. The notes
will be issued
by Jababeka's wholly owned subsidiary, Jababeka International
B.V., and
guaranteed by Jababeka and certain subsidiaries.
The new 20
Read more
Taiwan overnight interbank rate opens higher
TAIPEI, Sept 14 (Reuters) - Taiwan's overnight interbank
rate opened higher at 0.180 percent on Wednesday from its
previous session open of 0.179 percent.
Read more
rate opened higher at 0.180 percent on Wednesday from its
previous session open of 0.179 percent.
Read more
Fitch Rates DBS Bank's Callable Range Accrual Notes 'AA-(emr)'
(The following statement was released by the rating agency)
SINGAPORE, September 13 (Fitch) Fitch Ratings has assigned DBS
Bank Ltd.'s (DBS)
USD20m 15-year callable range accrual notes due 20 September
2031 (ISIN:
XS1483427842) a rating of 'AA-(emr)'. The notes, whose terms and
conditions are
final, will be issued on 20 September 2016 under DBS's USD5bn
structured note
programme. The (emr) suffix indicates that the rating only
reflects the
counterparty credit risk of DBS, and excludes the e
Read more
SINGAPORE, September 13 (Fitch) Fitch Ratings has assigned DBS
Bank Ltd.'s (DBS)
USD20m 15-year callable range accrual notes due 20 September
2031 (ISIN:
XS1483427842) a rating of 'AA-(emr)'. The notes, whose terms and
conditions are
final, will be issued on 20 September 2016 under DBS's USD5bn
structured note
programme. The (emr) suffix indicates that the rating only
reflects the
counterparty credit risk of DBS, and excludes the e
Read more
RPT-COLUMN-Norilsk's 1942 nickel plant gone but far from forgotten: Andy Home
LONDON, Sept 13 (Reuters) - Norilsk Nickel, or
Nornik as it has just rebranded itself, has just completed the
decommissioning of the nickel refining plant in its far-flung
Polar operations in the Arctic north of Siberia.
Read more
Nornik as it has just rebranded itself, has just completed the
decommissioning of the nickel refining plant in its far-flung
Polar operations in the Arctic north of Siberia.
Read more
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