* Net asset value per share increased by 6.17 pct from 7.09
euros ($7.53) as at March 31, 2016 to 7.53 euros as at Sept. 30,
2016
Read more
Wednesday, November 30, 2016
BRIEF-ICICI Bank cuts marginal cost based lending rates
* ICICI Bank cuts 1-year MCLR rate to 8.90 percent from 8.95
percent
Source text: http://bit.ly/2gnnoap
Further company coverage:
Read more
percent
Source text: http://bit.ly/2gnnoap
Further company coverage:
Read more
Australia, NZ shares buoyed by OPEC deal on output cut
Dec 1 (Reuters) - Australian shares rallied on Thursday,
powered by financials, miners and energy stocks, after oil
cartel OPEC agreed to cut crude output to clear a glut.
Read more
powered by financials, miners and energy stocks, after oil
cartel OPEC agreed to cut crude output to clear a glut.
Read more
Institutions aim to boost bets on hedge funds, private equity -survey
NEW YORK, Dec 1 (Reuters) - The majority of institutional
investors worldwide are seeking to increase their investments in
riskier alternatives that are not publicly traded such as hedge
funds, real estate and private equity over the next one to two
years to combat potential low returns and choppiness in public
markets, a Fidelity survey showed on Thursday.
Read more
investors worldwide are seeking to increase their investments in
riskier alternatives that are not publicly traded such as hedge
funds, real estate and private equity over the next one to two
years to combat potential low returns and choppiness in public
markets, a Fidelity survey showed on Thursday.
Read more
S.Korea Nov house price growth slowest in 2-1/2 years -Kookmin
SEOUL, Dec 1 (Reuters) - South Korea's annual house price
growth cooled for an 11th straight month in November and marked
their slowest pace in two and a half years, data from the
country's top mortgage lender showed on Thursday.
Read more
growth cooled for an 11th straight month in November and marked
their slowest pace in two and a half years, data from the
country's top mortgage lender showed on Thursday.
Read more
BRIEF-Moody's maintains stable outlook on Sri Lankan banking sector
* Moody's maintains stable outlook on Sri Lankan banking
sector amid stable operating environment
Read more
sector amid stable operating environment
Read more
BRIEF-U.S. DOJ says court authorizes IRS to serve summons on Coinbase Inc
* U.S. DOJ says court authorizes service of John Doe summons
seeking the identities of U.S. taxpayers who have used virtual
currency
Read more
seeking the identities of U.S. taxpayers who have used virtual
currency
Read more
Australia shares gain on OPEC deal, materials, energy jump; NZ up
Dec 1 (Reuters) - Australian shares rose on Thursday led by
rally in materials and energy stocks after OPEC's deal to cut
production lifted oil prices.
Read more
rally in materials and energy stocks after OPEC's deal to cut
production lifted oil prices.
Read more
CORRECTED-U.S. Court allows IRS to seek 3 years of user info from Coinbase
Nov 30 (Reuters) - A federal court in California on
Wednesday allowed the Internal Revenue Service (IRS) to seek
three years of information from blockchain firm Coinbase Inc
about its American users, the U.S. Department of Justice (DOJ)
said.
Read more
Wednesday allowed the Internal Revenue Service (IRS) to seek
three years of information from blockchain firm Coinbase Inc
about its American users, the U.S. Department of Justice (DOJ)
said.
Read more
BRIEF-Greenlight Capital's flagship offshore fund was up 1.6 pct for Nov- CNBC, citing source
* Greenlight Capital's flagship offshore fund was up 1.6
percent for November and is now up 6.6 percent ytd- CNBC, citing
source
Read more
percent for November and is now up 6.6 percent ytd- CNBC, citing
source
Read more
U.S. judge throws out Kodak, Fujifilm aluminum price-fixing cases
NEW YORK, Nov 30 (Reuters) - A U.S. judge on Wednesday threw
out the last vestiges of private litigation over alleged
aluminum price-fixing, dismissing lawsuits by Eastman Kodak Co
, Fujifilm Holdings Corp, Reynolds Consumer
Products and three other plaintiffs.
Read more
out the last vestiges of private litigation over alleged
aluminum price-fixing, dismissing lawsuits by Eastman Kodak Co
, Fujifilm Holdings Corp, Reynolds Consumer
Products and three other plaintiffs.
Read more
New Zealand house price boom cools just a little in Nov-QV
WELLINGTON, Dec 1 (Reuters) - New Zealand house prices grew
at the slowest pace in six months in November, the government
valuer said on Thursday, signalling some easing of pressure in
the red-hot property market.
Read more
at the slowest pace in six months in November, the government
valuer said on Thursday, signalling some easing of pressure in
the red-hot property market.
Read more
BRIEF-Credit Suisse has frozen dozens of accounts to determine if U.S. clients are hiding money from IRS- Bloomberg, citing sources
* Credit Suisse has frozen dozens of accounts as it tries to
determine if U.S. Clients are hiding money from IRS- Bloomberg,
citing sources
Source http://bloom.bg/2gWzJnf
Read more
determine if U.S. Clients are hiding money from IRS- Bloomberg,
citing sources
Source http://bloom.bg/2gWzJnf
Read more
Italy's top three banks 'systemically important', need buffer -CenBank
MILAN, Nov 30 (Reuters) - Italy's top three banks UniCredit
, Intesa Sanpaolo and Monte dei Paschi
will need to hold additional capital against their
assets from 2018 as they are "systemically important
institutions", the Bank of Italy said.
Read more
, Intesa Sanpaolo and Monte dei Paschi
will need to hold additional capital against their
assets from 2018 as they are "systemically important
institutions", the Bank of Italy said.
Read more
U.S. tech startup Comma.ai giving away self-driving car software
SAN FRANCISCO, Nov 30 (Reuters) - Comma.ai, the tech startup
that recently pulled the plug on its device to give cars limited
self-driving capabilities after being reprimanded by U.S.
regulators, has opened up its software secrets to the masses.
Read more
that recently pulled the plug on its device to give cars limited
self-driving capabilities after being reprimanded by U.S.
regulators, has opened up its software secrets to the masses.
Read more
Trump faces challenges in separating from business - legal experts
WILMINGTON, Del., Nov 30 (Reuters) - U.S. President-elect
Donald Trump has several options for disentangling himself from
his business empire when he takes office next year, but legal
experts say the only way fully to avoid conflicts of interest
would be to sell his global holdings.
Read more
Donald Trump has several options for disentangling himself from
his business empire when he takes office next year, but legal
experts say the only way fully to avoid conflicts of interest
would be to sell his global holdings.
Read more
Fitch Affirms Mercury General's Ratings; Outlook Stable
(The following statement was released by the rating agency)
CHICAGO, November 30 (Fitch) Fitch Ratings has affirmed the 'A'
Issuer Default
Rating (IDR) on Mercury General Corporation (NYSE: MCY) and the
'A+' Insurer
Financial Strength (IFS) ratings on MCY's subsidiaries.
Additionally, Fitch has
affirmed the 'A' IDR on MCY's subsidiary, Mercury Casualty Co.,
and 'A' rating
on Mercury Casualty's secured bank debt. The Rating Outlook is
Stable. A full
list of rating actions follows at the end
Read more
CHICAGO, November 30 (Fitch) Fitch Ratings has affirmed the 'A'
Issuer Default
Rating (IDR) on Mercury General Corporation (NYSE: MCY) and the
'A+' Insurer
Financial Strength (IFS) ratings on MCY's subsidiaries.
Additionally, Fitch has
affirmed the 'A' IDR on MCY's subsidiary, Mercury Casualty Co.,
and 'A' rating
on Mercury Casualty's secured bank debt. The Rating Outlook is
Stable. A full
list of rating actions follows at the end
Read more
BRIEF-Fannie Mae Releases October 2016 Monthly Summary
* Federal National Mortgage Association - Fannie Mae's book
of business increased at a compound annualized rate of 2.5
percent in October.
Read more
of business increased at a compound annualized rate of 2.5
percent in October.
Read more
BRIEF-Ride hailing app operator Grab debuted cashless mobile payment service tuesday that taps its customer base in Southeast Asia- Nikkei
* Ride hailing app operator grab debuted cashless mobile
payment service Tuesday that taps the Singaporean co's customer
base in Southeast Asia-Nikkei
Read more
payment service Tuesday that taps the Singaporean co's customer
base in Southeast Asia-Nikkei
Read more
Fibria focuses on leverage caps as credit metrics weaken
NEW YORK, Nov 30 (IFR) - Fibria has no plans to issue dollar
bonds in the near-term as it looks to put a cap on rising
leverage, but it's next deal could be Green, officials at the
pulp company said on Wednesday.
Read more
bonds in the near-term as it looks to put a cap on rising
leverage, but it's next deal could be Green, officials at the
pulp company said on Wednesday.
Read more
Gold fund withdrawals spike as post-U.S. election trades wane-ICI
By Trevor Hunnicutt
NEW YORK, Nov 30 (Reuters) - The post-election enthusiasm
for U.S. stock funds is waning, while a strong dollar helped
push commodity funds to their largest withdrawals in more than
three years, Investment Company Institute data showed on
Wednesday.
Investors pulled $1.6 billion from U.S.-based commodity
funds during the six days through Nov. 22, according to ICI,
which combined with the prior week's result to mark the worst
showing since 2013. The category includes f
Read more
NEW YORK, Nov 30 (Reuters) - The post-election enthusiasm
for U.S. stock funds is waning, while a strong dollar helped
push commodity funds to their largest withdrawals in more than
three years, Investment Company Institute data showed on
Wednesday.
Investors pulled $1.6 billion from U.S.-based commodity
funds during the six days through Nov. 22, according to ICI,
which combined with the prior week's result to mark the worst
showing since 2013. The category includes f
Read more
Saudi shipping group signs $350 mln Islamic finance deal for oil tankers
DUBAI, Nov 30 (Reuters) - National Shipping Company of Saudi
Arabia (Bahri), the exclusive oil-shipper for Saudi
Aramco , said on Wednesday it had signed a $350
million Islamic 10-year financing deal to pay for the building
of five oil tankers.
Read more
Arabia (Bahri), the exclusive oil-shipper for Saudi
Aramco , said on Wednesday it had signed a $350
million Islamic 10-year financing deal to pay for the building
of five oil tankers.
Read more
BRIEF-Turkiye Kalkinma Bankasi signs $100.0 mln credit agreement with World Bank
* Signs the credit and grant agreements towards the
encouragement and financing of geothermal energy project
investments
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
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encouragement and financing of geothermal energy project
investments
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-First Bancorp announces THL's, Oaktree's pricing of secondary offering of 18 mln shares
* First Bancorp announces THL's and Oaktree's pricing of
secondary offering of 18 million shares
Read more
secondary offering of 18 million shares
Read more
Turkish Airlines to lease eight Airbus planes to cut costs
ISTANBUL, Nov 30 (Reuters) - Turkish Airlines,
which has seen profits hit by a weak lira and tough market,
plans to lease out eight of its Airbus A330-200 aircraft,
aviation company Air Partner said in a statement, a move that
will help it to reduce costs.
Read more
which has seen profits hit by a weak lira and tough market,
plans to lease out eight of its Airbus A330-200 aircraft,
aviation company Air Partner said in a statement, a move that
will help it to reduce costs.
Read more
StanChart in $366 mln trade finance deal to fund Iraq projects
DUBAI, Nov 30 (Reuters) - Iraq's Ministry of Electricity
will secure a $366 million trade finance deal to fund power and
infrastructure projects in the country by the end of 2016, an
executive from Standard Chartered, which is leading the
financing, said on Wednesday.
Read more
will secure a $366 million trade finance deal to fund power and
infrastructure projects in the country by the end of 2016, an
executive from Standard Chartered, which is leading the
financing, said on Wednesday.
Read more
REFILE-Indian shares gain for 4th day; banks rally on RBI cash move
Nov 30 (Reuters) - Indian shares rose for a fourth
consecutive session as banks rallied after the central bank
allowed lenders to include old 500 and 1,000 rupee notes as part
of their cash balance, making it easier to meet cash reserve
ratio requirements.
Read more
consecutive session as banks rallied after the central bank
allowed lenders to include old 500 and 1,000 rupee notes as part
of their cash balance, making it easier to meet cash reserve
ratio requirements.
Read more
Fitch: FCA Proposal Would Increase UK Annuity Price Competition
(The following statement was released by the rating agency)
LONDON, November 30 (Fitch) The Financial Conduct Authority
(FCA)'s proposal to
make it easier for consumers to compare different providers in
the annuity
market will increase competition and put further pressure on the
profit margins
of UK life insurers, Fitch Ratings says.
The FCA has proposed that from September 2017 retiring
policyholders have access
to an "annuity comparator" before they purchase an annuity. This
would show the
Read more
LONDON, November 30 (Fitch) The Financial Conduct Authority
(FCA)'s proposal to
make it easier for consumers to compare different providers in
the annuity
market will increase competition and put further pressure on the
profit margins
of UK life insurers, Fitch Ratings says.
The FCA has proposed that from September 2017 retiring
policyholders have access
to an "annuity comparator" before they purchase an annuity. This
would show the
Read more
BRIEF-IndygoTech Minerals Q3 net loss shrinks to 811,000 zlotys YOY
* Reported on Tuesday Q3 revenue of 426,000 zlotys
($102,097)versus loss of 92,000 zlotys a year ago
Read more
($102,097)versus loss of 92,000 zlotys a year ago
Read more
BoE's Carney: RBS faces challenges from past misconduct, bad assets
LONDON, Nov 30 (Reuters) - Royal Bank of Scotland
still faces challenges from past misconduct and bad assets, Bank
of England Governor Mark Carney said on Wednesday after the
British lender failed the central bank's latest stress test.
Read more
still faces challenges from past misconduct and bad assets, Bank
of England Governor Mark Carney said on Wednesday after the
British lender failed the central bank's latest stress test.
Read more
ANZ CEO says taking steps to change culture after scandals
SYDNEY, Nov 30 (Reuters) - Australia and New Zealand Banking
Group's transformation into a smaller bank and other
steps it is taking will speed up a push to change its business
culture, following a series of scandals in the financial sector,
its CEO said.
Read more
Group's transformation into a smaller bank and other
steps it is taking will speed up a push to change its business
culture, following a series of scandals in the financial sector,
its CEO said.
Read more
HIGHLIGHTS-Bank of England's Carney speaks on UK banking risks
LONDON, Nov 30 (Reuters) - Bank of England Governor Mark
Carney was speaking on Wednesday after the BoE said Royal Bank
of Scotland will have to bolster its capital holdings.
Read more
Carney was speaking on Wednesday after the BoE said Royal Bank
of Scotland will have to bolster its capital holdings.
Read more
UK firms need more clarity about Brexit - BoE's Carney
LONDON, Nov 30 (Reuters) - British businesses need more
clarity about how Britain intends to leave the European Union,
Bank of England Governor Mark Carney said on Wednesday.
Read more
clarity about how Britain intends to leave the European Union,
Bank of England Governor Mark Carney said on Wednesday.
Read more
Tuesday, November 29, 2016
China's national pension fund appoints four custodian banks
BEIJING, Nov 30 (Reuters) - China's National Council for
Social Security Fund has selected four banks to be custodians
for its basic pension insurance fund, it said in an online
statement on Tuesday.
Read more
Social Security Fund has selected four banks to be custodians
for its basic pension insurance fund, it said in an online
statement on Tuesday.
Read more
BRIEF-Fitch says Indian ABS buffers cover near-term demonetisation impact
* Demonetisation could lead to a short-term liquidity stress
in indian auto abs transactions
Read more
in indian auto abs transactions
Read more
BRIEF-Mirae ING signs contract worth 854.7 mln won
* Says it signs contract with Kimi DS Corporation to provide
materials for AMI NMS server performance enhancement
Read more
materials for AMI NMS server performance enhancement
Read more
Taiwan stocks rise in cautious trade; techs gain
TAIPEI, Nov 30 (Reuters) - Taiwan stocks rose slightly in
cautious trading on Wednesday, paced by modest gains in tech
heavyweights including Taiwan Semiconductor Manufacturing Co
(TSMC).
Read more
cautious trading on Wednesday, paced by modest gains in tech
heavyweights including Taiwan Semiconductor Manufacturing Co
(TSMC).
Read more
GLOBAL MARKETS-Asia stocks up, dollar rally pauses in relief for emerging markets
HONG KONG, Nov 30 (Reuters) - Asian stocks rose to
three-week highs on Wednesday, supported by gains on Wall
Street and growing expectations the dollar may be peaking after
a hefty rally since the U.S. election pulled funds out of
emerging markets.
Read more
three-week highs on Wednesday, supported by gains on Wall
Street and growing expectations the dollar may be peaking after
a hefty rally since the U.S. election pulled funds out of
emerging markets.
Read more
Fitch Rates ABC International SPV MTN programme 'A(EXP)'
(The following statement was released by the rating agency)
TAIPEI, November 29 (Fitch) Fitch Ratings has assigned Inventive
Global
Investments Limited's (Inventive Global) guaranteed USD1.5bn
medium-term note
(MTN) programme expected long-term and short-term ratings of
'A(EXP)' and
'F1(EXP)', respectively. Fitch has also assigned an expected
rating of 'A(EXP)'
to the proposed guaranteed senior unsecured notes to be issued
under the MTN
programme.
Inventive Global is an offshore special p
Read more
TAIPEI, November 29 (Fitch) Fitch Ratings has assigned Inventive
Global
Investments Limited's (Inventive Global) guaranteed USD1.5bn
medium-term note
(MTN) programme expected long-term and short-term ratings of
'A(EXP)' and
'F1(EXP)', respectively. Fitch has also assigned an expected
rating of 'A(EXP)'
to the proposed guaranteed senior unsecured notes to be issued
under the MTN
programme.
Inventive Global is an offshore special p
Read more
NEWSMAKER-ANZ CEO says sector is under scrutiny following scandals
SYDNEY, Nov 30 (Reuters) - Australia and New Zealand Banking
Group Chief Executive Shayne Elliott on Wednesday said
the country's banking sector has come under scrutiny from the
public, regulators and the government following a series of
scandals.
Read more
Group Chief Executive Shayne Elliott on Wednesday said
the country's banking sector has come under scrutiny from the
public, regulators and the government following a series of
scandals.
Read more
BRIEF-Two shareholders raise stakes in Jinke Property
* Says major shareholder Tianjin Jujin Property Management
Co Ltd's two parties acting in concert have bought 162.3 million
shares in the company, or 3.04 percent of total share capital,
between November 11 and 28
Read more
Co Ltd's two parties acting in concert have bought 162.3 million
shares in the company, or 3.04 percent of total share capital,
between November 11 and 28
Read more
Australia shares fall as miners, energy stocks hurt; NZ flat
Nov 30 (Reuters) - Australian shares edged lower on
Wednesday, shrugging off a positive lead from Wall Street, as
falling oil and metal prices hit miners and energy stocks.
Read more
Wednesday, shrugging off a positive lead from Wall Street, as
falling oil and metal prices hit miners and energy stocks.
Read more
UPDATE 2-New Zealand's central bank may take steps to rein in risky mortgage lending
WELLINGTON, Nov 30 (Reuters) - New Zealand's central bank on
Wednesday warned of significant risks from sky-rocketing house
prices, noting new mortgage lending restrictions might be needed
if property prices continue to accelerate.
Read more
Wednesday warned of significant risks from sky-rocketing house
prices, noting new mortgage lending restrictions might be needed
if property prices continue to accelerate.
Read more
New Zealand's central bank chief warns on global protectionism
WELLINGTON, Nov 30 (Reuters) - Britain's exit from the
European Union and the victory of President-elect Donald Trump
in the United States has led to a number of uncertainties for
global free trade, the Reserve Bank of New Zealand's governor
said on Wednesday.
Read more
European Union and the victory of President-elect Donald Trump
in the United States has led to a number of uncertainties for
global free trade, the Reserve Bank of New Zealand's governor
said on Wednesday.
Read more
REFILE-UPDATE 1 -Trump expected to name former Goldman banker Mnuchin for Treasury - source
WASHINGTON, Nov 29 (Reuters) - President-elect Donald Trump
is expected to name former Goldman Sachs partner and
Hollywood financier Steven Mnuchin as his nominee for Treasury
secretary, a source said on Tuesday, putting a Wall Street
veteran in the top U.S. economic Cabinet post for the first time
in eight years.
Read more
is expected to name former Goldman Sachs partner and
Hollywood financier Steven Mnuchin as his nominee for Treasury
secretary, a source said on Tuesday, putting a Wall Street
veteran in the top U.S. economic Cabinet post for the first time
in eight years.
Read more
Creators of U.S. consumer agency rise to defend it in court
WASHINGTON, Nov 29 (Reuters) - The U.S. lawmakers who helped
bring the Consumer Financial Protection Bureau into being rose
to defend it on Tuesday, urging the full U.S. Court of Appeals
for the District of Columbia to review a ruling that poses an
existential threat to the agency.
Read more
bring the Consumer Financial Protection Bureau into being rose
to defend it on Tuesday, urging the full U.S. Court of Appeals
for the District of Columbia to review a ruling that poses an
existential threat to the agency.
Read more
BRIEF-Piedmont Office Realty Trust says Raymond Owens to retire as CIO in 2017
* Raymond L. Owens to retire as CIO in 2017; c. Brent smith
named successor
Source text for Eikon:
Further company coverage:
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named successor
Source text for Eikon:
Further company coverage:
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Trump can tweak Dodd-Frank without new laws - think tank
WASHINGTON, Nov 29 (Reuters) - U.S. President-elect Donald
Trump may roll back some Wall Street standards put into effect
under President Barack Obama without writing new law, an
advocate for easing such rules said on Tuesday.
Read more
Trump may roll back some Wall Street standards put into effect
under President Barack Obama without writing new law, an
advocate for easing such rules said on Tuesday.
Read more
MOVES-Citigroup, Lazard, Bank Hapoalim, StormHarbour
Nov 29 (Reuters) - The following financial services industry
appointments were announced on Tuesday. To inform us of other
job changes, email moves@thomsonreuters.com.
Read more
appointments were announced on Tuesday. To inform us of other
job changes, email moves@thomsonreuters.com.
Read more
ECB's Villeroy say Basel bank capital proposals must be modified to reach a deal
PARIS, Nov 29 (Reuters) - New bank capital rules under
negotiation in Chile by the Basel Committee of international
bank regulators must be modified, ECB policy maker Francois
Villeroy de Galhau said in an excerpt of a newspaper published
on Tuesday.
Read more
negotiation in Chile by the Basel Committee of international
bank regulators must be modified, ECB policy maker Francois
Villeroy de Galhau said in an excerpt of a newspaper published
on Tuesday.
Read more
UPDATE 7-Trump taps Obamacare critic to overhaul health system
NEW YORK, Nov 29 (Reuters) - U.S. President-elect Donald
Trump named a vociferous critic of Obamacare and a health policy
expert to key appointments on Tuesday to help him repeal and
replace President Barack Obama's signature healthcare program.
Read more
Trump named a vociferous critic of Obamacare and a health policy
expert to key appointments on Tuesday to help him repeal and
replace President Barack Obama's signature healthcare program.
Read more
UPDATE 1-Novo Nordisk reports Tresiba insulin achieves target in study
COPENHAGEN, Nov 29 (Reuters) - Novo Nordisk's
long-acting insulin blockbuster Tresiba has a safe
cardiovascular profile and reduces episodes of severely low
blood glucose levels in patients with type 2 diabetes, the
Denmark-based company said on Tuesday.
Read more
long-acting insulin blockbuster Tresiba has a safe
cardiovascular profile and reduces episodes of severely low
blood glucose levels in patients with type 2 diabetes, the
Denmark-based company said on Tuesday.
Read more
Ackman's fund says employee's donation to Mass politician violated law
BOSTON, Nov 29 (Reuters) - Hedge fund Pershing Square
Capital Management said in a regulatory filing made public on
Tuesday that a 2013 campaign donation by a former employee to a
Massachusetts politician violated federal campaign finance laws.
Read more
Capital Management said in a regulatory filing made public on
Tuesday that a 2013 campaign donation by a former employee to a
Massachusetts politician violated federal campaign finance laws.
Read more
BRIEF-Monte dei Paschi negotiating commitment with anchor investors - CFO
Nov 29 (Reuters) - Banca Monte dei Paschi di Siena CFO
Francesco Mele tells a conference call:
Read more
Francesco Mele tells a conference call:
Read more
Rothschild reports strong first half fees
LONDON, Nov 29 (IFR) - Rothschild has reported its highest
half-year revenues for its advisory business since the financial
crisis, after a strong six months in both M&A and financing
advisory.
Read more
half-year revenues for its advisory business since the financial
crisis, after a strong six months in both M&A and financing
advisory.
Read more
UPDATE 2-Regional partners pledge billions in help for Tunisia
TUNIS, Nov 29 (Reuters) - Qatar said it would provide $1.25
billion in aid to shore up Tunisia's post-revolution economy as
regional and Western partners pledged extensive financial
backing at an investment conference on Tuesday.
Read more
billion in aid to shore up Tunisia's post-revolution economy as
regional and Western partners pledged extensive financial
backing at an investment conference on Tuesday.
Read more
BRIEF-Rothschild & Co H1 net income group share jumps to 67 mln euros
* Reports H1 revenue of 802 million euros ($851.5 million)
versus 679 million euros a year ago
Read more
versus 679 million euros a year ago
Read more
BRIEF-Norstar Holdings Inc increases its holdings of Gazit's ordinary shares
* Norstar Holdings Inc.,the largest shareholder of co, had
increased its holdings of Gazit's ordinary shares, par value nis
1.0 per share - SEC Filing
Source text for Eikon: [ID:http://bit.ly/2gsViID]
Further company coverage:
Read more
increased its holdings of Gazit's ordinary shares, par value nis
1.0 per share - SEC Filing
Source text for Eikon: [ID:http://bit.ly/2gsViID]
Further company coverage:
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BRIEF-TerraNova says intends to apply to BCSC for a review of conduct of Inspira's business
* intends to apply to British Columbia Securities Commission
for a review of conduct of Inspira's business and disclosure
Source text for Eikon:
Further company coverage:
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for a review of conduct of Inspira's business and disclosure
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-Rising bond rates push up demand for Danish t-bills
COPENHAGEN, Nov 29 (Reuters) - Denmark sold treasury bills
on Tuesday at the lowest interest rates this year, the central
bank said, as rising rates on long-term bonds push up demand for
short-term debt.
Read more
on Tuesday at the lowest interest rates this year, the central
bank said, as rising rates on long-term bonds push up demand for
short-term debt.
Read more
BRIEF-Scotiabank says comfortable with residential mortgage book
* Scotiabank ceo says strong capital position can enable
bank to growth through acquisitions
Read more
bank to growth through acquisitions
Read more
Italian bond yields fall, shares rise on report of ECB help post referendum
LONDON, Nov 29 (Reuters) - Italian bond yields fell to a
one-week low and shares extended their gains on Tuesday after a
Reuters report that the European Central Bank stands ready to
buy more Italian bonds if a referendum this weekend rocks
markets.
Read more
one-week low and shares extended their gains on Tuesday after a
Reuters report that the European Central Bank stands ready to
buy more Italian bonds if a referendum this weekend rocks
markets.
Read more
UPDATE 2-Kenya's central bank sees resolution of Chase Bank receivership in early 2017
NAIROBI, Nov 29 (Reuters) - Kenya's central bank hopes
mid-size lender Chase Bank will be brought back out of
receivership sometime during the first quarter of 2017, the
governor said on Tuesday.
Read more
mid-size lender Chase Bank will be brought back out of
receivership sometime during the first quarter of 2017, the
governor said on Tuesday.
Read more
BRIEF-Poly Real Estate scraps stake purchase plan, share trade to resume
* Says it scraps plan to buy Poly Property Group Co Ltd's
projects via share issue as conditions not in position
Read more
projects via share issue as conditions not in position
Read more
BRIEF-Black Peony's unit plans to set up construction development unit
* Says its Hong Kong unit plans to invest 500 million yuan
($72.51 million) to set up construction development unit in
Jiangsu province
Read more
($72.51 million) to set up construction development unit in
Jiangsu province
Read more
Denmark sells 8.06 bln DKK worth of t-bills at auction
COPENHAGEN, Nov 29 (Reuters) - Denmark's central bank sold
8.06 billion Danish crowns ($1.15 billion) worth of treasury
bills at an auction on Tuesday after receiving bids worth 11.92
billion crowns.
Read more
8.06 billion Danish crowns ($1.15 billion) worth of treasury
bills at an auction on Tuesday after receiving bids worth 11.92
billion crowns.
Read more
BRIEF-Guangzhou Yuetai plans to boost investment development firm's capital
* Says it plans to boost investment development firm's
capital by 300 million yuan ($43.49 million)
Read more
capital by 300 million yuan ($43.49 million)
Read more
Hong Kong stocks fall, energy shares weigh
Nov 29 (Reuters) - Hong Kong markets fell on Tuesday,
weighed down by energy shares as oil prices dropped on doubts
that producer cartel OPEC would hammer out an output cut this
week.
Read more
weighed down by energy shares as oil prices dropped on doubts
that producer cartel OPEC would hammer out an output cut this
week.
Read more
Greece can meet 2017 primary surplus, must conclude bailout review- cenbanker
ATHENS, Nov 29 (Reuters) - Greece can achieve a primary
budget surplus of 2 percent next year, the head of the country's
central bank said on Tuesday, warning that the main risk for the
economy would be a failure to conclude a crucial bailout review.
Read more
budget surplus of 2 percent next year, the head of the country's
central bank said on Tuesday, warning that the main risk for the
economy would be a failure to conclude a crucial bailout review.
Read more
Monday, November 28, 2016
BRIEF-Corestate Capital Holding sees FY 2016 revenue of at least 53.5 million euros
* Announces forecast for 2016 financial year and proclaims
dividend of 70 pct of annual profit
Read more
dividend of 70 pct of annual profit
Read more
China 10-yr March treasury futures close down 0.7 pct
SHANGHAI, Nov 29 (Reuters) - The price of Chinese 10-year
treasury futures for March delivery closed down 0.7
percent on Tuesday to the biggest daily percentage loss in more
than a year amid liquidity tightness in the market.
Read more
treasury futures for March delivery closed down 0.7
percent on Tuesday to the biggest daily percentage loss in more
than a year amid liquidity tightness in the market.
Read more
China's SHIBOR interbank rate hits highest in 2 months
SHANGHAI, Nov 29 (Reuters) - Yuan borrowing costs in
Shanghai surged to a two-month high on tight liquidity in the
market after the central bank pulled funds from the financial
system, traders said.
Read more
Shanghai surged to a two-month high on tight liquidity in the
market after the central bank pulled funds from the financial
system, traders said.
Read more
BRIEF-NICE Holdings unit NICE Infra signs contract worth 812.8 mln won
* Says its unit NICE Infra Co.,Ltd signs contract with NICE
Total Cash Management Co., Ltd to provide office building lease
service
Read more
Total Cash Management Co., Ltd to provide office building lease
service
Read more
Sri Lanka central bank keeps rates steady, as expected
COLOMBO, Nov 29 (Reuters) - Sri Lanka's central bank kept
its benchmark interest rates unchanged on Tuesday for a fourth
straight month, as expected, saying its policy settings remained
appropriate as high credit growth shows signs of moderating.
Read more
its benchmark interest rates unchanged on Tuesday for a fourth
straight month, as expected, saying its policy settings remained
appropriate as high credit growth shows signs of moderating.
Read more
Zenefits hit with $7 mln fine by California insurance regulator
SAN FRANCISCO, Nov 28 (Reuters) - Software company Zenefits
has been fined $7 million by California's insurance regulator,
marking the biggest penalty yet for the startup that has faced
multiple investigations for flouting insurance laws.
Read more
has been fined $7 million by California's insurance regulator,
marking the biggest penalty yet for the startup that has faced
multiple investigations for flouting insurance laws.
Read more
Australia shares cautious on weak global sentiment; NZ falls
Nov 29 (Reuters) - Australian shares were trading cautiously
on Tuesday as global markets lost some momentum, while gains in
financials and materials provided some support.
Read more
on Tuesday as global markets lost some momentum, while gains in
financials and materials provided some support.
Read more
BRIEF-Poly Property says trading in shares has been halted on Nov 29
* Trading in shares of Poly Property Group limited has been
halted at 9:00 a.m. on Nov 29
Source text for Eikon:
Further company coverage:
Read more
halted at 9:00 a.m. on Nov 29
Source text for Eikon:
Further company coverage:
Read more
RPT-UPDATE 2-StanChart to cut 10 pct of corporate, institutional banking staff - sources
SINGAPORE/HONG KONG, Nov 28 (Reuters) - Standard Chartered
is set to cut about a tenth of its global corporate and
institutional banking headcount, sources with direct knowledge
of the matter said on Monday, as the bank steps up an aggressive
drive to cut costs.
Read more
is set to cut about a tenth of its global corporate and
institutional banking headcount, sources with direct knowledge
of the matter said on Monday, as the bank steps up an aggressive
drive to cut costs.
Read more
Brazil, struggling with soaring debt, joins Paris Club of creditors
SAO PAULO, Nov 28 (Reuters) - Brazil, currently struggling
with a record budget deficit and ballooning public debt, will
join the Paris Club of wealthy creditors, becoming the first
large emerging market country to enter the group in 20 years.
Read more
with a record budget deficit and ballooning public debt, will
join the Paris Club of wealthy creditors, becoming the first
large emerging market country to enter the group in 20 years.
Read more
Australian regulator to block collective bank bargaining on Apple payment system
SYDNEY, Nov 29 (Reuters) - Australia's antitrust regulator
said on Tuesday it was planning to deny some banks authorisation
to collectively bargain with Apple Inc in relation to
its mobile digital payment system.
Read more
said on Tuesday it was planning to deny some banks authorisation
to collectively bargain with Apple Inc in relation to
its mobile digital payment system.
Read more
BRIEF-Axis Capital announces acquisition of aviabel
* Axis Capital says Axis will continue to maintain company's
locations in Brussels and Amsterdam
Source text for Eikon:
Further company coverage:
Read more
locations in Brussels and Amsterdam
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-Brazil's Unidas files for IPO weeks after Enterprise deal
SAO PAULO, Nov 28 (Reuters) - Brazilian car rental firm
Unidas SA on Monday announced an initial public
offering in São Paulo in a securities filing, one of the few
IPOs in the last two years in Latin America's largest economy.
Read more
Unidas SA on Monday announced an initial public
offering in São Paulo in a securities filing, one of the few
IPOs in the last two years in Latin America's largest economy.
Read more
UPDATE 2-Elliott discloses stake in Cognizant, urges board shakeup
Nov 28 (Reuters) - Activist investor Elliott Management
disclosed a stake of more than 4 percent in Cognizant Technology
Solutions and urged the IT services provider in a
letter to consider shaking up its board as one of several steps
to boost shareholder value.
Read more
disclosed a stake of more than 4 percent in Cognizant Technology
Solutions and urged the IT services provider in a
letter to consider shaking up its board as one of several steps
to boost shareholder value.
Read more
BRIEF-Camber Capital Management reports 5.53 pct passive stake in Myriad Genetics
* Camber Capital Management LLC reports 5.53 percent passive
stake in Myriad Genetics Inc as of November 16 - sec filing
Source text : http://bit.ly/2fuddBZ
Further company coverage:
Read more
stake in Myriad Genetics Inc as of November 16 - sec filing
Source text : http://bit.ly/2fuddBZ
Further company coverage:
Read more
BRIEF-Canada regulator "alive" to risk from alternative lenders
Canada's banking regulator says "very alive" to possible
dangers arising from alternative lending space
Read more
dangers arising from alternative lending space
Read more
BRIEF-Ayco raises 4.6 mln euros in share capital increase
* Says 30,872,926 shares of the company have been subscribed
for 4.6 million euros ($4.9 million) in share capital increase
Source text for Eikon:
Read more
for 4.6 million euros ($4.9 million) in share capital increase
Source text for Eikon:
Read more
UPDATE 2-Greece urges EU to cut surplus targets to boost competitiveness
* ECB's Draghi: still concerns on Greek debt sustainability
(Adds Greek official, ECB's Draghi comment)
Read more
(Adds Greek official, ECB's Draghi comment)
Read more
VW, banks extend 20-bln eur loan until June 2017
BERLIN, Nov 28 (Reuters) - Volkswagen said it
has agreed with banks to extend a 20 billion euro ($21 billion)
credit line until June 2017 to strengthen its finances as it
grapples with billions of costs for its emissions scandal.
Read more
has agreed with banks to extend a 20 billion euro ($21 billion)
credit line until June 2017 to strengthen its finances as it
grapples with billions of costs for its emissions scandal.
Read more
BRIEF-Generali says to convert Monte dei Paschi bonds into equity
* Board gave favourable opinion to conversion of Monte dei
Paschi subordinated debt into equity and mandated CEO to proceed
Read more
Paschi subordinated debt into equity and mandated CEO to proceed
Read more
UPDATE 1-EU proposes rules to stop 'too big to fail' clearing houses
LONDON, Nov 28 (Reuters) - The European Union has proposed
rules for dealing with failing clearing houses to try to stop
the rapidly growing sector from becoming "too big to fail" and
holding taxpayers to ransom in a crisis.
Read more
rules for dealing with failing clearing houses to try to stop
the rapidly growing sector from becoming "too big to fail" and
holding taxpayers to ransom in a crisis.
Read more
BRIEF-Verianos Real Estate sees 2016 result at upper end of target range
* Fiscal year 2016 result expected at upper end of target
range of 1.2 million euros ($1.27 million) to 1.5 million euros
Read more
range of 1.2 million euros ($1.27 million) to 1.5 million euros
Read more
Greece needs to show commitment to rescue programme -ECB's Coeure
FRANKFURT, Nov 28 (Reuters) - Greek authorities need to
stick to the terms of the country's rescue programme, including
further structural and product market reforms and
privatisations, to pass a bailout review, ECB Executive Board
member Benoit Coeure said on Monday.
Read more
stick to the terms of the country's rescue programme, including
further structural and product market reforms and
privatisations, to pass a bailout review, ECB Executive Board
member Benoit Coeure said on Monday.
Read more
MTN discussed share sale of Nigerian unit with local regulator - SEC
LAGOS, Nov 28 (Reuters) - South Africa's telecom group MTN
has met with Nigeria's Securities and Exchange
Commission (SEC) to discuss a possible initial public offering
and how it wanted to structure the share sale, the head of
Nigeria's SEC told Reuters.
Read more
has met with Nigeria's Securities and Exchange
Commission (SEC) to discuss a possible initial public offering
and how it wanted to structure the share sale, the head of
Nigeria's SEC told Reuters.
Read more
DERIVATIVES-EU proposes CCP recovery and resolution rules
LONDON, Nov 28 (IFR) - The European Commission has proposed
new rules for the recovery and resolution of central
counterparty clearing firms that aim to promote financial
stability and avoid costs to taxpayers in the event of a CCP
failure.
Read more
new rules for the recovery and resolution of central
counterparty clearing firms that aim to promote financial
stability and avoid costs to taxpayers in the event of a CCP
failure.
Read more
BRIEF-Korea Investment Holdings unit to raise 1,692 bln won via rights issue
* Says Korea Investment Holdings unit Korea Investment &
Securities will issue 33,840 shares of common stock through
rights issue, at 50 million won per share, to raise 1,692
billion won in proceeds for operations
Read more
Securities will issue 33,840 shares of common stock through
rights issue, at 50 million won per share, to raise 1,692
billion won in proceeds for operations
Read more
Doubts linger as BMPS kicks off recapitalisation
LONDON, Nov 28 (IFR) - Banca Monte dei Paschi di Siena may
have got the green light for an ambitious recapitalisation, but
the bank is yet to convince investors to buy into the complex
plan needed to keep the troubled lender afloat.
Read more
have got the green light for an ambitious recapitalisation, but
the bank is yet to convince investors to buy into the complex
plan needed to keep the troubled lender afloat.
Read more
Sunday, November 27, 2016
BRIEF-WH Ireland enters relationship agreement with largest shareholder
* Has entered into a relationship agreement with Integrated
Financial Services for Buying And Selling Securities W.L.L.
Read more
Financial Services for Buying And Selling Securities W.L.L.
Read more
China's residential property market outlook stable in 2017 -Moody's
BEIJING, Nov 28 (Reuters) - The outlook for China's
residential property market in 2017 is stable, Moody's Investors
Service said in a report on Monday.
Read more
residential property market in 2017 is stable, Moody's Investors
Service said in a report on Monday.
Read more
BRIEF-INTELLEX plans 2.5 bln yen term loan contract with commitment line
* Says co to sign a 1-yr term loan contract with commitment
line worth 2.5 billion yen on Nov. 30
Read more
line worth 2.5 billion yen on Nov. 30
Read more
Photo app and phone maker Meitu to launch up to $735 mln HK IPO-IFR
HONG KONG, Nov 28 (Reuters) - Chinese photo app and mobile
phone maker Meitu Inc is set to launch an up to $735 million
initial public offering in Hong Kong, IFR reported on Monday,
citing people close to the deal.
Read more
phone maker Meitu Inc is set to launch an up to $735 million
initial public offering in Hong Kong, IFR reported on Monday,
citing people close to the deal.
Read more
Australian pension fund HESTA drops passive debt strategies
SYDNEY, Nov 28 (Reuters) - Australian pension fund HESTA,
which manages A$36 billion ($27 billion) of assets, is switching
out of passive strategies in fixed income, a top executive said
on Monday, reflecting uncertainties about the interest rate
outlook.
Read more
which manages A$36 billion ($27 billion) of assets, is switching
out of passive strategies in fixed income, a top executive said
on Monday, reflecting uncertainties about the interest rate
outlook.
Read more
Morning News Call - India, November 28
To access the newsletter, click on the link:
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FACTORS TO WATCH
11:00 am: Winter session of parliament continues in New Delhi.
LIVECHAT - TRADING INDIA FORUM - Investing Asset Classes with Aashish P
Somaiya, MD & CEO, Motilal Oswal AMC
In its relativ
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_11282016.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
11:00 am: Winter session of parliament continues in New Delhi.
LIVECHAT - TRADING INDIA FORUM - Investing Asset Classes with Aashish P
Somaiya, MD & CEO, Motilal Oswal AMC
In its relativ
Read more
Taiwan stocks hit near three-week high; tech, financials lead
TAIPEI, Nov 28 (Reuters) - Taiwan stocks rose to a near
three-week high on Monday as Wall Street's record-closing highs
bolstered market sentiment, paced by gains in techs and
financial shares.
Read more
three-week high on Monday as Wall Street's record-closing highs
bolstered market sentiment, paced by gains in techs and
financial shares.
Read more
Australia shares drop on profit taking; NZ extends gains
Nov 28 (Reuters) - Australian shares fell on Monday as
investors booked profits after a strong rally last week, with
declines led by materials and financials, while energy stocks
came under pressure from a sharp drop in oil prices.
Read more
investors booked profits after a strong rally last week, with
declines led by materials and financials, while energy stocks
came under pressure from a sharp drop in oil prices.
Read more
India defies EM sell-off as cash curb triggers bond rush
SINGAPORE, Nov 28 (IFR) - India is proving to be immune from
the heavy selling in global emerging-market debt, as Prime
Minister Narendra Modi's clampdown on undeclared cash has
sparked expectations of a rate cut and pushed issuers to take
advantage of low yields.
Read more
the heavy selling in global emerging-market debt, as Prime
Minister Narendra Modi's clampdown on undeclared cash has
sparked expectations of a rate cut and pushed issuers to take
advantage of low yields.
Read more
RPT-India's rural economy hit hard as informal lending breaks down
MUMBAI, Nov 27 (Reuters) - Life was good for Mitharam Patil,
a wealthy money lender from a small village in the Indian state
of Maharashtra.
Read more
a wealthy money lender from a small village in the Indian state
of Maharashtra.
Read more
BRIEF-Bank of Singapore completes acquisition of WIM business of Barclays PLC in Singapore, Hong Kong
* Announced that it completed acquisition of wealth and
investment management business of Barclays Plc in Singapore and
Hong Kong
Read more
investment management business of Barclays Plc in Singapore and
Hong Kong
Read more
Australia shares to open flat; NZ slightly up
Nov 28 (Reuters) - Australian shares are set to open flat on
Monday after rising strongly last week, while U.S. markets
touched record highs in thin trading on Friday.
The S&P/ASX 200 index closed 0.41 percent higher on
Friday. The benchmark added 2.77 percent last week.
Local share price index futures were flat at 5,514
points overnight, a 6.2-point or 0.1 percent premium to the
underlying S&P/ASX 200 index close.
New Zealand's benchmark S&P/NZX 50 index rose marginally
in early tra
Read more
Monday after rising strongly last week, while U.S. markets
touched record highs in thin trading on Friday.
The S&P/ASX 200 index closed 0.41 percent higher on
Friday. The benchmark added 2.77 percent last week.
Local share price index futures were flat at 5,514
points overnight, a 6.2-point or 0.1 percent premium to the
underlying S&P/ASX 200 index close.
New Zealand's benchmark S&P/NZX 50 index rose marginally
in early tra
Read more
Baker Hughes shares set to rise on GE deal -Barron's
NEW YORK, Nov 27 (Reuters) - Shares of oilfield services
company Baker Hughes Inc could rise significantly if it
completes its merger with General Electric Co's oil and
gas division, according to a report in Barron's.
Read more
company Baker Hughes Inc could rise significantly if it
completes its merger with General Electric Co's oil and
gas division, according to a report in Barron's.
Read more
Wall St Week Ahead-Retail stock rally leaves few bargains for investors
SAN FRANCISCO, Nov 25 (Reuters) - Wall Street expects
consumers to open their wallets a little wider this holiday
shopping season but bargains among red-hot retail stocks could
be hard to find, especially as profit growth proves elusive for
many big names.
Read more
consumers to open their wallets a little wider this holiday
shopping season but bargains among red-hot retail stocks could
be hard to find, especially as profit growth proves elusive for
many big names.
Read more
Credit Suisse banker probed for alleged fiduciary duty violations - SonntagsZeitung
ZURICH, Nov 27 (Reuters) - Geneva prosecutors have opened
legal proceedings against a suspended Credit Suisse
banker accused of violating his fiduciary duties in a case
brought by wealthy Turkish families who say they lost 300
million Swiss francs ($296 million), SonntagsZeitung reported.
Read more
legal proceedings against a suspended Credit Suisse
banker accused of violating his fiduciary duties in a case
brought by wealthy Turkish families who say they lost 300
million Swiss francs ($296 million), SonntagsZeitung reported.
Read more
'Moana' Tops Thanksgiving Box Office, 'Rules Don't Apply' Bombs, 'Allied' and 'Bad Santa 2' Stumble
LOS ANGELES, xxxxxx (Variety.com) - Disney's "Moana" sailed
to the top of the Thanksgiving box office, earning a mighty
$81.1 million over the five day holiday period and $55.5 million
for the weekend.
Read more
to the top of the Thanksgiving box office, earning a mighty
$81.1 million over the five day holiday period and $55.5 million
for the weekend.
Read more
UPDATE 1-India's central bank to review cash deposit rules for banks - report
MUMBAI, Nov 27 (Reuters) - India's central bank will review
its decision asking banks to deposit their extra cash with it
once the government has issued an adequate amount of market
stabilisation scheme bonds to soak up liquidity, Governor Urjit
Patel was quoted as telling the Press Trust of India on Sunday.
Read more
its decision asking banks to deposit their extra cash with it
once the government has issued an adequate amount of market
stabilisation scheme bonds to soak up liquidity, Governor Urjit
Patel was quoted as telling the Press Trust of India on Sunday.
Read more
Saudi's Alawwal Bank comfortable with capital position
RIYADH, Nov 27 (Reuters) - Saudi's Alawwal Bank, formerly
known as Saudi Hollandi Bank until a rebranding this week, has
no plans to increase capital in the near future, Managing
Director Bernd van Linder told reporters at a press conference
on Sunday.
Read more
known as Saudi Hollandi Bank until a rebranding this week, has
no plans to increase capital in the near future, Managing
Director Bernd van Linder told reporters at a press conference
on Sunday.
Read more
India cenbank will soon review extra CRR as govt issues adequate MSS bonds-report
MUMBAI, Nov 27 (Reuters) - India's central bank will review
its decision asking banks to deposit their extra cash with it
once the government has issued an adequate quantum of market
stabilisation scheme bonds to soak up liquidity, Governor Urjit
Patel told the Press Trust of India on Sunday.
Read more
its decision asking banks to deposit their extra cash with it
once the government has issued an adequate quantum of market
stabilisation scheme bonds to soak up liquidity, Governor Urjit
Patel told the Press Trust of India on Sunday.
Read more
BRIEF-India cenbank: new scheme for banks to deposit banned notes at district level currency chests
* India cenbank says to introduce a new scheme for
depositing banned bank notes with designated currency chest at
district level
Read more
depositing banned bank notes with designated currency chest at
district level
Read more
Blackmailers target customers of hacked Liechtenstein bank - paper
ZURICH/HONG KONG, Nov 27 (Reuters) - Customers of a
Chinese-owned Liechtenstein bank are being told by unknown
blackmailers they must pay a portion of their savings or face
having account details sent to finance authorities and the
media, a German newspaper reported on Sunday.
Read more
Chinese-owned Liechtenstein bank are being told by unknown
blackmailers they must pay a portion of their savings or face
having account details sent to finance authorities and the
media, a German newspaper reported on Sunday.
Read more
China steps up protection of property rights
BEIJING, Nov 27 (Reuters) - China will increase protection
for property rights, including stepping up oversight of the
management of state-owned assets, the Xinhua news agency
reported on Sunday, citing guidelines issued by the State
Council, China's cabinet.
Read more
for property rights, including stepping up oversight of the
management of state-owned assets, the Xinhua news agency
reported on Sunday, citing guidelines issued by the State
Council, China's cabinet.
Read more
India's rural economy hit hard as informal lending breaks down
MUMBAI, Nov 27 (Reuters) - Life was good for Mitharam Patil,
a wealthy money lender from a small village in the Indian state
of Maharashtra.
Read more
a wealthy money lender from a small village in the Indian state
of Maharashtra.
Read more
BRIEF-Kuwait Finance House signs deal to sell 150 mln shares of unit to investors
* Signs agreement to sell 150 million shares of Kuwait
Finance House Investment Co for 18.7 million Dinars to a group
of investors
Read more
Finance House Investment Co for 18.7 million Dinars to a group
of investors
Read more
Saturday, November 26, 2016
MIDEAST STOCKS-Technicals weakening for some major markets
DUBAI, Nov 27 (Reuters) - The short-term technical outlook
for some major Middle Eastern stocks markets appears to be
weakening, which could weigh on share prices on Sunday.
Read more
for some major Middle Eastern stocks markets appears to be
weakening, which could weigh on share prices on Sunday.
Read more
Chinese buyers say committed to closing AC Milan deal soon
MILAN, Nov 26 (Reuters) - The Chinese consortium seeking to buy Italian soccer club AC Milan is committed to signing the deal soon, it said on Saturday after the club's owner Silvio Berlusconi hinted at a further delay to the long-awaited acquisition.
Read more
Read more
Kaupthing to put UK's Oasis and Warehouse up for sale - sources
LONDON, Nov 26 (Reuters) - Administrators for failed
Icelandic bank Kaupthing are looking to sell off British high
street retailers including Coast, Oasis and Warehouse which
employ thousands of people, four sources familiar with the
matter said.
Read more
Icelandic bank Kaupthing are looking to sell off British high
street retailers including Coast, Oasis and Warehouse which
employ thousands of people, four sources familiar with the
matter said.
Read more
Zimbabwe to start circulating new bond notes on Monday
HARARE, Nov 26 (Reuters) - Zimbabwe's central bank said on
Saturday it will circulate $10 million worth of new bond notes
on Monday, a quasi-currency that authorities expect to ease a
serious cash crunch, but will limit withdrawals to curb any
abuses.
Read more
Saturday it will circulate $10 million worth of new bond notes
on Monday, a quasi-currency that authorities expect to ease a
serious cash crunch, but will limit withdrawals to curb any
abuses.
Read more
India's RBI imposes higher cash reserve ratio on banks
NEW DELHI, Nov 26 (Reuters) - The Reserve Bank of India
asked banks to maintain an incremental cash reserve ratio of 100
percent to absorb excess banking system liquidity after
government's move to withdraw large denominated currency notes
sparked a surge in bank deposits.
Read more
asked banks to maintain an incremental cash reserve ratio of 100
percent to absorb excess banking system liquidity after
government's move to withdraw large denominated currency notes
sparked a surge in bank deposits.
Read more
UPDATE 1-Pakistan central bank maintains main policy rate at 5.75 pct
ISLAMABAD, Nov 26 (Reuters) - Pakistan's central bank
maintained the country's main policy interest rate at 5.75
percent on Saturday, according to a statement from the bank,
citing overall macroeconomic stability and relatively stable
consumer inflation.
Read more
maintained the country's main policy interest rate at 5.75
percent on Saturday, according to a statement from the bank,
citing overall macroeconomic stability and relatively stable
consumer inflation.
Read more
China cracks down on cross-border gambling ring, makes nearly 100 arrests -Xinhua
SHANGHAI, Nov 26 (Reuters) - Police in central China have
arrested 94 members of a $72 billion cross-border gambling ring
whose activities stretched into Southeast Asia, the official
Xinhua news agency reported on Saturday, citing police.
Read more
arrested 94 members of a $72 billion cross-border gambling ring
whose activities stretched into Southeast Asia, the official
Xinhua news agency reported on Saturday, citing police.
Read more
Pakistan central bank maintains main policy rate at 5.75 pct
ISLAMABAD, Nov 26 (Reuters) - Pakistan's central bank
maintained the country's main policy interest rate at 5.75
percent on Saturday, according to a statement from the bank,
citing overall macroeconomic stability and relatively stable
consumer inflation.
Read more
maintained the country's main policy interest rate at 5.75
percent on Saturday, according to a statement from the bank,
citing overall macroeconomic stability and relatively stable
consumer inflation.
Read more
UPDATE 1-Rotation from U.S. bond funds to stocks slows -Lipper
(Adds data on mutual funds and ETFs, investor quote, table,
byline)
By Trevor Hunnicutt
NEW YORK, Nov 25 (Reuters) - Investors pulled more money
from U.S.-based bond funds during the latest week, Lipper data
showed on Friday, adding to an onslaught following the U.S.
presidential election.
But the $595 million snatched from the bond funds over the
seven days through Wednesday is minor compared with the $9.7
billion they withdrew the week before, data from Lipper and the
Investment
Read more
China may look at banks' cross-border yuan business in risk assessments-Caixin
SHANGHAI, Nov 26 (Reuters) - China's central bank is
considering including cross-border yuan business into its
assessment of macro-prudential risks in the country's financial
system, online finance magazine Caixin reported on Saturday,
citing unnamed regulatory sources.
Read more
considering including cross-border yuan business into its
assessment of macro-prudential risks in the country's financial
system, online finance magazine Caixin reported on Saturday,
citing unnamed regulatory sources.
Read more
Friday, November 25, 2016
Banks seek to invest $59 million in blockchain startup R3-source
NEW YORK/LONDON Nov 25 (Reuters) - Banks involved in the
blockchain consortium R3 CEV have expressed interest in
investing $59 million in the company's first funding round, less
than half its overall target, a person close to the deal said on
Friday.
Read more
blockchain consortium R3 CEV have expressed interest in
investing $59 million in the company's first funding round, less
than half its overall target, a person close to the deal said on
Friday.
Read more
Payday lenders seek emergency court help, fearing U.S. cutoff
Nov 25 (Reuters) - Payday lenders asked a federal judge in
Washington, D.C., for emergency relief to stop what they called
a coordinated effort by U.S. regulators to stop banks from doing
business with them, threatening their survival.
Read more
Washington, D.C., for emergency relief to stop what they called
a coordinated effort by U.S. regulators to stop banks from doing
business with them, threatening their survival.
Read more
UPDATE 1-Storm Otto kills nine in Costa Rica, moves out to Pacific
SAN JOSE, Nov 25 (Reuters) - Tropical storm Otto killed at
least nine people and forced thousands to evacuate when it
battered Nicaragua and Costa Rica with hurricane-force winds and
torrential rains, before moving out into the Pacific Ocean.
Read more
least nine people and forced thousands to evacuate when it
battered Nicaragua and Costa Rica with hurricane-force winds and
torrential rains, before moving out into the Pacific Ocean.
Read more
BRIEF-SmartFinancial files for potential mixed shelf of up to $60 mln - SEC filing
* SmartFinancial Inc - files for potential mixed shelf of up
to $60 million - SEC filing
Source text for Eikon: (http://bit.ly/2fzYd3J)
Further company coverage:
Read more
to $60 million - SEC filing
Source text for Eikon: (http://bit.ly/2fzYd3J)
Further company coverage:
Read more
Wall St Week Ahead-Retail stock rally leaves few bargains for investors
SAN FRANCISCO, Nov 25 (Reuters) - Wall Street expects
consumers to open their wallets a little wider this holiday
shopping season but bargains among red-hot retail stocks could
be hard to find, especially as profit growth proves elusive for
many big names.
Read more
consumers to open their wallets a little wider this holiday
shopping season but bargains among red-hot retail stocks could
be hard to find, especially as profit growth proves elusive for
many big names.
Read more
Wells Fargo employees sue over funds in retirement plans
Nov 25 (Reuters) - Wells Fargo & Co faces a new U.S.
lawsuit claiming that it funneled more than $3 billion of
employee retirement savings into expensive, underperforming
proprietary mutual funds to enrich itself.
Read more
lawsuit claiming that it funneled more than $3 billion of
employee retirement savings into expensive, underperforming
proprietary mutual funds to enrich itself.
Read more
Deals of the day-Mergers and acquisitions
Nov 25 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1845 GMT on Friday:
Read more
and disposals were reported by 1845 GMT on Friday:
Read more
Kirkland Lake Gold shareholders approve Newmarket takeover
TORONTO, Nov 25 (Reuters) - Mid-tier Canadian miner Kirkland
Lake Gold said on Friday its shareholders voted heavily
in favor of its takeover of Newmarket Gold, confirming
a Reuters story on Thursday.
Read more
Lake Gold said on Friday its shareholders voted heavily
in favor of its takeover of Newmarket Gold, confirming
a Reuters story on Thursday.
Read more
European shares end near two-week high, helped by pharma M&A hopes
MILAN/LONDON, Nov 25 (Reuters) - European shares rose
slightly on Friday, nearing their highest level in over two
weeks, as the market was supported by a rally in drugmakers on
hopes of tie-up activity in the sector.
Read more
slightly on Friday, nearing their highest level in over two
weeks, as the market was supported by a rally in drugmakers on
hopes of tie-up activity in the sector.
Read more
BRIEF-Kennedy Cabot Acquisition announces extension to tender offer of Siebert Financial
* Kennedy Cabot Acquisition LLC announces extension to
tender offer of Siebert Financial Corp
Read more
tender offer of Siebert Financial Corp
Read more
Fitch Affirms Russia's Leningrad Region at 'BBB-'; Outlook Stable
(The following statement was released by the rating agency)
MOSCOW, November 25 (Fitch) Fitch Ratings has affirmed the
Russian Leningrad
Region's Long-Term Foreign and Local Currency Issuer Default
Ratings (IDRs) at
'BBB-', Short-Term Foreign Currency IDR at 'F3' and National
Long-Term Rating at
'AA+(rus)'. The Outlooks on the Long-Term IDRs and the National
Long-Term rating
are Stable.
The region's outstanding senior unsecured domestic bonds have
been affirmed
'BBB-' and 'AA+(rus)'.
The af
Read more
MOSCOW, November 25 (Fitch) Fitch Ratings has affirmed the
Russian Leningrad
Region's Long-Term Foreign and Local Currency Issuer Default
Ratings (IDRs) at
'BBB-', Short-Term Foreign Currency IDR at 'F3' and National
Long-Term Rating at
'AA+(rus)'. The Outlooks on the Long-Term IDRs and the National
Long-Term rating
are Stable.
The region's outstanding senior unsecured domestic bonds have
been affirmed
'BBB-' and 'AA+(rus)'.
The af
Read more
Fitch Rates Russian Perm Region 'BBB-'; Outlook Stable
(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: Perm Region - Rating Action
Report
https://www.fitchratings.com/site/re/891148
MOSCOW, November 25 (Fitch) Fitch Ratings has assigned Russia's
Perm Region
Long-Term Foreign and Local Currency Issuer Default Ratings
(IDRs) of 'BBB-' and
a Short-Term Foreign Currency IDR of 'F3'. The agency has also
assigned the
region a National Long-Term Rating of 'AA+(rus)'. The Outlooks
on the Long-Term
ratings are
Read more
Link to Fitch Ratings' Report: Perm Region - Rating Action
Report
https://www.fitchratings.com/site/re/891148
MOSCOW, November 25 (Fitch) Fitch Ratings has assigned Russia's
Perm Region
Long-Term Foreign and Local Currency Issuer Default Ratings
(IDRs) of 'BBB-' and
a Short-Term Foreign Currency IDR of 'F3'. The agency has also
assigned the
region a National Long-Term Rating of 'AA+(rus)'. The Outlooks
on the Long-Term
ratings are
Read more
CORRECTED-Quebec fund says cost of Montreal rail project now C$5.9 billion
TORONTO, Nov 25 (Reuters) - Quebec's public pension fund
said on Friday the cost of building a planned new light railway
in Montreal had risen by C$400 million ($296 million) to C$5.9
billion to cover three additional stations.
Read more
said on Friday the cost of building a planned new light railway
in Montreal had risen by C$400 million ($296 million) to C$5.9
billion to cover three additional stations.
Read more
BRIEF-Sygnia says financial director to step down
* Appointment of Michael Buckham as financial director of
Sygnia limited with effect from Feb. 1 2017
Read more
Sygnia limited with effect from Feb. 1 2017
Read more
BRIEF-Beijing capital land says BCJ entered into subscription agreements with subscribers
* Bcj, an indirect subsidiary of company, entered into
subscription agreements with subscribers
Read more
subscription agreements with subscribers
Read more
BRIEF-Yueshou Environmental updates on MOU for possible subscription for new shares
* On 24 november 2016, entered into a memorandum of
understanding with subscriber to provide for negotiations to be
carried out
Read more
understanding with subscriber to provide for negotiations to be
carried out
Read more
Multi-nationals overcome Brexit strains to boost FTSE earnings
LONDON, Nov 25 (Reuters) - Major companies listed in London
overcame the shock of Brexit to report robust third quarter
trading, with strong performances from multi-national firms
helping to offset domestic pressure and lift overall forecasts.
Read more
overcame the shock of Brexit to report robust third quarter
trading, with strong performances from multi-national firms
helping to offset domestic pressure and lift overall forecasts.
Read more
BRIEF-Lamtex Holdings updates on loan agreement
* Lender, a wholly-owned subsidiary of company, entered into
two loan agreements with two borrowers
Read more
two loan agreements with two borrowers
Read more
Dutch budget deficit seen at 0.4 pct/GDP in 2016 after tax windfall
AMSTERDAM, Nov 25 (Reuters) - The Dutch government expects
to run a budget deficit of just 0.4 percent of national output
in 2016 after receiving 4.3 billion euros worth of tax revenue
more than expected, Dutch media reported on Friday.
Read more
to run a budget deficit of just 0.4 percent of national output
in 2016 after receiving 4.3 billion euros worth of tax revenue
more than expected, Dutch media reported on Friday.
Read more
BRIEF-FCMB Group Plc posts 9-month group pre-tax profit 14.18 bln naira
* 9-Months ended Sept 2016 group profit before minimum tax
and income tax of 14.18 billion naira versus 2.56 billion naira
year ago
Read more
and income tax of 14.18 billion naira versus 2.56 billion naira
year ago
Read more
Sri Lankan rupee falls on importer dollar demand
COLOMBO, Nov 25 (Reuters) - The Sri Lankan rupee ended
weaker on Friday due to dollar demand from importers who fear
the economic policies of U.S. President-elect Donald Trump could
lead to a rise in the greenback and interest rates.
Read more
weaker on Friday due to dollar demand from importers who fear
the economic policies of U.S. President-elect Donald Trump could
lead to a rise in the greenback and interest rates.
Read more
BRIEF-Aon announces agreement to acquire leading health and benefits brokerage and solutions firm in Brazil
* Aon announces agreement to acquire leading health and
benefits brokerage and solutions firm in Brazil
Source text for Eikon:
Further company coverage:
Read more
benefits brokerage and solutions firm in Brazil
Source text for Eikon:
Further company coverage:
Read more
BRIEF-China Enterprise sells stake in property firm for 771 mln yuan
* Says it sells 30 percent stake in Tianjin-based property
firm for 771 million yuan ($111.49 million)
Read more
firm for 771 million yuan ($111.49 million)
Read more
Hong Kong stocks close at 2-week high as Shenzhen Connect nears
SHANGHAI, Nov 25 (Reuters) - Hong Kong stocks had their best
week in 1-1/2 months, with the benchmark index closing at a
two-week high on Friday, partly aided by steady money inflows
from China as a cross-border link will be launched soon.
Read more
week in 1-1/2 months, with the benchmark index closing at a
two-week high on Friday, partly aided by steady money inflows
from China as a cross-border link will be launched soon.
Read more
Thursday, November 24, 2016
BRIEF-Sierra Rutile expects Iluka Resources deal to close on Nov. 29
* SRL can confirm that merger is expected to become
effective and closing is expected to occur on Nov. 29, 2016
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
effective and closing is expected to occur on Nov. 29, 2016
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
BRIEF-Borgestad proposes extension of maturity date a bond loan
* Proposes changes of terms of bond loan FRN Borgestad ASA
Senior Secured Callable Bond Issue 2014/2017
Read more
Senior Secured Callable Bond Issue 2014/2017
Read more
Market underestimates Canada rate cut risk amid NAFTA uncertainty
TORONTO, Nov 25 (Reuters) - The market is too complacent
about the prospect of further interest rate cuts from the Bank
of Canada, some economists say, as an uncertain outlook for the
NAFTA trade accord risks derailing an expected pick-up in
Canada's business spending.
Read more
about the prospect of further interest rate cuts from the Bank
of Canada, some economists say, as an uncertain outlook for the
NAFTA trade accord risks derailing an expected pick-up in
Canada's business spending.
Read more
BRIEF-RBI says exchange facility for INR 500, INR 1000 banknotes no longer available at banks' counters
* Withdrawal of legal tender status of INR 500 and INR 1000:
exchange facility at RBI to continue
Read more
exchange facility at RBI to continue
Read more
Malaysia's c.bank says liquidity available for smooth functioning of markets
KUALA LUMPUR, Nov 25 (Reuters) - Malaysia's central bank
said on Friday that enough liquidity is available for financial
markets to function smoothly, after the regulator's move last
week to halt trading of its currency in offshore markets spooked
local and global investors.
Read more
said on Friday that enough liquidity is available for financial
markets to function smoothly, after the regulator's move last
week to halt trading of its currency in offshore markets spooked
local and global investors.
Read more
Morning News Call - India, November 25
To access the newsletter, click on the link:
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FACTORS TO WATCH
11:00 am: Winter session of parliament continues in New Delhi.
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
LIVECHAT - QUIZ EAST
The first of our Friday quizzes fo
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_11252016.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
11:00 am: Winter session of parliament continues in New Delhi.
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
LIVECHAT - QUIZ EAST
The first of our Friday quizzes fo
Read more
BRIEF-Lvjing Holding announces shareholding structure changes caused by private placement
* Says two Tibet-based technology firms will raise stake in
the co to 5.8 percent and 8.7 percent respectively, both up from
0 percent, after the private placement
Read more
the co to 5.8 percent and 8.7 percent respectively, both up from
0 percent, after the private placement
Read more
Taiwan stocks rise slightly tracking steady regional markets
TAIPEI, Nov 25 (Reuters) - Taiwan stocks rose on Friday,
tracking Asian stocks that were steady as the Thanksgiving break
in the United States pegged the dollar's relentless surge that
had sucked capital out of most emerging markets.
As of 0152 GMT, the main TAIEX index rose 0.3
percent, to 9,178.73, after closing 0.3 percent lower in
the previous session.
The electronics subindex rose 0.1 percent, while the
financials subindex gained 1.3 percent.
Display maker Hannstar was up 1.7
Read more
tracking Asian stocks that were steady as the Thanksgiving break
in the United States pegged the dollar's relentless surge that
had sucked capital out of most emerging markets.
As of 0152 GMT, the main TAIEX index rose 0.3
percent, to 9,178.73, after closing 0.3 percent lower in
the previous session.
The electronics subindex rose 0.1 percent, while the
financials subindex gained 1.3 percent.
Display maker Hannstar was up 1.7
Read more
BRIEF-Yueshou Environmental seeks trading halt
* Yueshou environmental-trading in shares of yueshou
environmental holdings limited will be halted at 9:00 a.m. On
nov 25
Source text for Eikon:
Further company coverage:
Read more
environmental holdings limited will be halted at 9:00 a.m. On
nov 25
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Yueshou Environmental says shares halted pending announcement regarding MOU
* shares halted pending announcement regarding a non-legally
binding memorandum of understanding
Source text for Eikon:
Further company coverage:
Read more
binding memorandum of understanding
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Raffles Capital says board has appointed Abigail Zhang as executive chairman
* Board has appointed Abigail Zhang as Raffles' executive
chairman
Source text for Eikon:
Further company coverage:
Read more
chairman
Source text for Eikon:
Further company coverage:
Read more
Australia shares set to inch up on base metals rally; NZ slightly up
Nov 25 (Reuters) - Australian shares are set to open
slightly higher on Friday, reflecting modest gains in European
markets, and with miners standing to gain from the continuing
base metals rally led by copper and zinc.
European shares rose marginally on Thursday, with
most of the main bourses inching up on gains from
chemical and insurance sector stocks but capped by weaker banks.
Zinc prices jumped to their highest in more than eight years
on Thursday and copper headed towards its 20
Read more
slightly higher on Friday, reflecting modest gains in European
markets, and with miners standing to gain from the continuing
base metals rally led by copper and zinc.
European shares rose marginally on Thursday, with
most of the main bourses inching up on gains from
chemical and insurance sector stocks but capped by weaker banks.
Zinc prices jumped to their highest in more than eight years
on Thursday and copper headed towards its 20
Read more
Brazil to allow states with good ratings to issue debt - CMN
SAO PAULO, Nov 24 (Reuters) - The Brazilian Finance
Ministry's National Monetary Council said on Thursday it would
permit states with good credit ratings to issue new debt.
Read more
Ministry's National Monetary Council said on Thursday it would
permit states with good credit ratings to issue new debt.
Read more
Ghost airplane attends banquet for new Airbus jet
TOULOUSE, France, Nov 24 (Reuters) - Airbus presented
dignitaries and media assembled for the debut of its latest
model with an unexpected sight on Thursday: a white-painted
$300-million A350 jetliner being prepared for delivery without
an airline livery, breaking an industry taboo.
Read more
dignitaries and media assembled for the debut of its latest
model with an unexpected sight on Thursday: a white-painted
$300-million A350 jetliner being prepared for delivery without
an airline livery, breaking an industry taboo.
Read more
UPDATE 1-Brazil's Bradesco focuses on mobility as fintech appeal grows
SAO PAULO, Nov 24 (Reuters) - Banco Bradesco SA plans to
enhance existing mobile phone banking platforms to lure younger
clients and stem potential competition from financial technology
startups that are becoming more appealing to customers, a senior
executive said on Thursday.
Read more
enhance existing mobile phone banking platforms to lure younger
clients and stem potential competition from financial technology
startups that are becoming more appealing to customers, a senior
executive said on Thursday.
Read more
BRIEF-Monte dei Paschi cash call could start around Dec 7-8 - CEO
* CEO Marco Morelli says sees window to kick off capital
increase around Dec. 7-8, close by "christmas holidays"
Read more
increase around Dec. 7-8, close by "christmas holidays"
Read more
UPDATE 1-Kirkland Lake shareholders vote for Newmarket takeover -sources
TORONTO, Nov 24 (Reuters) - More than 80 percent of Kirkland
Lake Gold shareholders have voted in favor of the
mid-tier miner's takeover of Newmarket Gold, according
to two sources familiar with the situation, marking the end of a
contentious process.
Read more
Lake Gold shareholders have voted in favor of the
mid-tier miner's takeover of Newmarket Gold, according
to two sources familiar with the situation, marking the end of a
contentious process.
Read more
UPDATE 1-Barrick mulls Kalgoorlie bid of roughly $1.3 bln by China's Minjar-sources
TORONTO, Nov 24 (Reuters) - Barrick Gold is
reviewing the financial backing behind an approximately $1.3
billion bid for its stake in Australia's Kalgoorlie mine by
Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home
, two sources told Reuters.
Read more
reviewing the financial backing behind an approximately $1.3
billion bid for its stake in Australia's Kalgoorlie mine by
Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home
, two sources told Reuters.
Read more
BRIEF-Paragon Group says to buy back shares worth up to 12.5 mln stg
* Entered into irrevocable,nondiscretionary programme with
UBS AG to repurchase amount of shares no greater than 12.5 mln
stg
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
UBS AG to repurchase amount of shares no greater than 12.5 mln
stg
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
SNB's Zurbruegg says low interest rate risks manageable
BERN, Nov 24 (Reuters) - Negative interest rates are vital
in the Swiss National Bank's efforts to rein in the Swiss franc,
SNB Vice Chairman Fritz Zurbruegg said on Thursday, with the
associated risks from low interest rates "manageable" for the
country's financial system.
Read more
in the Swiss National Bank's efforts to rein in the Swiss franc,
SNB Vice Chairman Fritz Zurbruegg said on Thursday, with the
associated risks from low interest rates "manageable" for the
country's financial system.
Read more
BRIEF-Tatfondbank sets first-fifth coupon rates for additional issue of BO-14 series bonds
* Sets first coupon rate for additional issue of BO-14
series bonds at 14.5 pct per annum or 72.3 roubles per bond
Read more
series bonds at 14.5 pct per annum or 72.3 roubles per bond
Read more
BRIEF-Lamda development Q3 sales up at 10.31 mln euros
* Q3 2016 turnover at 10.31 million euros ($10.90 million)
versus 9.96 million euros year ago
Read more
versus 9.96 million euros year ago
Read more
BRIEF-Monte dei Paschi aims to launch debt-to-equity swap on Nov. 28
Nov 24 (Reuters) - Banca Monte dei Paschi di Siena Chief
Executive Marco Morelli tells shareholder meeting:
Read more
Executive Marco Morelli tells shareholder meeting:
Read more
UPDATE 2-ECB sees rising risks to euro zone financial stability, watching for Italian vote fallout
FRANKFURT, Nov 24 (Reuters) - The European Central Bank sees
rising risks to euro zone financial stability and is watching
for any fallout from Italy's constitutional referendum next
month, ECB Vice President Vitor Constancio said on Thursday.
Read more
rising risks to euro zone financial stability and is watching
for any fallout from Italy's constitutional referendum next
month, ECB Vice President Vitor Constancio said on Thursday.
Read more
MIDEAST STOCKS-Egypt succumbs to profit taking, Saudi whipsaws but ends week up
DUBAI, Nov 24 (Reuters) - Egypt's stock index slipped from a
multi-year peak on Thursday while shares in the Gulf were mixed
with Saudi Arabia's market swinging in volatile, heavy trade but
ending the week on a firm footing.
Read more
multi-year peak on Thursday while shares in the Gulf were mixed
with Saudi Arabia's market swinging in volatile, heavy trade but
ending the week on a firm footing.
Read more
UPDATE 1-Aleppo rebels agree UN aid plan; Russia, Syria yet to approve -UN
GENEVA, Nov 24 (Reuters) - Syrian rebels in besieged east
Aleppo have agreed to a U.N. plan for aid delivery and medical
evacuations, but the United Nations awaits a green light from
Russia and the Syrian government, humanitarian adviser Jan
Egeland said on Thursday.
Read more
Aleppo have agreed to a U.N. plan for aid delivery and medical
evacuations, but the United Nations awaits a green light from
Russia and the Syrian government, humanitarian adviser Jan
Egeland said on Thursday.
Read more
BRIEF-Tropicana Corp posts qtrly net profit of 34.8 million rgt
* Qtrly revenue 357.1 million rgt versus 244.6 million rgt
Source text (http://bit.ly/2gkBdae)
Further company coverage:
Read more
Source text (http://bit.ly/2gkBdae)
Further company coverage:
Read more
BRIEF-Harte Gold announces $25 million financing
* Harte Gold - Financing consists of $15 million bought deal
offering of flow-through common shares priced at $0.39 per share
with Cantor Fitzgerald Canada
Read more
offering of flow-through common shares priced at $0.39 per share
with Cantor Fitzgerald Canada
Read more
CORRECTED-SE Asia Stocks-Most fall on Fed rate hike chances; Indonesia down 2 pct
(Corrects headline to say Indonesia, not Philippines, down 2
pct)
By Sindhu Chandrasekaran
Nov 24 (Reuters) - Most Southeast Asian stock markets fell
on Thursday as upbeat U.S. economic data raised the probability
of a rate hike in December.
Indonesian shares led the fall with a drop of 2 percent as
the rupiah weakened to a near six-month low on foreign
investor selling.
"For every 1 percent depreciation in the rupiah, the market
ETF growth will come down by about 0.9 percent
Read more
Allied Irish CEO says revised mortgage rules "helpful"
DUBLIN, Nov 24 (Reuters) - The Irish central bank's revised
mortgage deposit rules will help to remove blockages in the
market and are likely to lead to some necessary short-term price
rises for first-time buyers, Allied Irish Banks' chief
executive said on Thursday.
Read more
mortgage deposit rules will help to remove blockages in the
market and are likely to lead to some necessary short-term price
rises for first-time buyers, Allied Irish Banks' chief
executive said on Thursday.
Read more
RPT-SPECIAL REPORT-How a British town became a hub for online porn and poker
CONSETT, England, Nov 23 (Reuters) - John Mawson and his
wife Sandra live in a cramped one-storey home on a hill near
Consett, an old steel town in the north east of England. They
have been company directors for years, and between them serve 15
firms. But John had no idea what their companies did until a few
years ago, when he looked online.
Read more
wife Sandra live in a cramped one-storey home on a hill near
Consett, an old steel town in the north east of England. They
have been company directors for years, and between them serve 15
firms. But John had no idea what their companies did until a few
years ago, when he looked online.
Read more
Russia cbank declines comment on how Rosneft bonds will affect money, fx mkts
MOSCOW, Nov 24 (Reuters) - Russia's central bank declined
comment on the possible effects of a new bond programme by
Rosneft on the country's money and forex markets when
contacted by Reuters.
Read more
comment on the possible effects of a new bond programme by
Rosneft on the country's money and forex markets when
contacted by Reuters.
Read more
BRIEF-State Bank of India waives MDR on Master and Visa debit cards
* SBI waives MDR on Master and Visa debit cards
Source text: [In order to facilitate usage of digital channels,
SBI has already waived the
MDR on the RuPay Debit Cards. With a view to encourage the usage
further,
Smt Arundhati Bhattacharya, Chairman, State Bank of India, today
announced
that SBI will waive MDR on Master and Visa Debit Cards also,
with immediate
effect upto 31st Dec, 2016]
Further company coverage:
Read more
Source text: [In order to facilitate usage of digital channels,
SBI has already waived the
MDR on the RuPay Debit Cards. With a view to encourage the usage
further,
Smt Arundhati Bhattacharya, Chairman, State Bank of India, today
announced
that SBI will waive MDR on Master and Visa Debit Cards also,
with immediate
effect upto 31st Dec, 2016]
Further company coverage:
Read more
BRIEF-Keaton Energy in talks over potential sale of entire company
* Has received non-binding expressions of interest from
various parties, merits of which are being assessed by company
Read more
various parties, merits of which are being assessed by company
Read more
BRIEF-Sempio to raise 27.60 bln won via private placement
* Says it will issue 645,942 shares through public offering,
at 42,732 won per share, to raise 27.60 billion won in proceeds
for investment funds
Read more
at 42,732 won per share, to raise 27.60 billion won in proceeds
for investment funds
Read more
Wednesday, November 23, 2016
Indian shares fall; rupee drops to near record low
Nov 24 (Reuters) - Indian shares dropped on Thursday,
heading for their first decline in three sessions, as a fall in
the rupee to a near record low dented sentiment at a time when
investors are already worried about how demonetisation will
affect economic growth.
Read more
heading for their first decline in three sessions, as a fall in
the rupee to a near record low dented sentiment at a time when
investors are already worried about how demonetisation will
affect economic growth.
Read more
BRIEF-Uniqa says on track for profit target despite jump in large claims
* Says combined ratio 98.2 percent, 9-month written premiums
fall 2.3 percent to 4.753 billion eur
Read more
fall 2.3 percent to 4.753 billion eur
Read more
From books to banks: Investors place bets against Italy meltdown
MILAN, Nov 23 (Reuters) - A few brave fund managers are
swimming against the outgoing tide of investment in Italy,
convinced that the expected failure of Prime Minister Matteo
Renzi's constitutional referendum on Dec. 4 will offer buying
opportunities as others flee.
Read more
swimming against the outgoing tide of investment in Italy,
convinced that the expected failure of Prime Minister Matteo
Renzi's constitutional referendum on Dec. 4 will offer buying
opportunities as others flee.
Read more
BRIEF-R&I places Misawa Homes on rating monitor with view to upgrading - R&I
* Rating and Investment Information, Inc. (R&I) put the
company on rating monitor with view to upgrading - R&I
Read more
company on rating monitor with view to upgrading - R&I
Read more
China stocks up, blue-chips eye 4th day of gains on metals strength; HK down
SHANGHAI, Nov 24 (Reuters) - China's stocks were higher on
Thursday, with the blue-chip CSI300 index on track to rise for
the fourth day as raw material shares powered ahead on the back
of soaring metal prices.
Read more
Thursday, with the blue-chip CSI300 index on track to rise for
the fourth day as raw material shares powered ahead on the back
of soaring metal prices.
Read more
UPDATE 1-S.Korean investigators raid Lotte and SK offices-Yonhap
SEOUL, Nov 24 (Reuters) - South Korean investigators on
Thursday raided the offices of Lotte Group, SK Group and
government agencies as part of a widening probe into alleged
influence-peddling that has engulfed President Park Geun-hye,
Yonhap news agency reported.
Read more
Thursday raided the offices of Lotte Group, SK Group and
government agencies as part of a widening probe into alleged
influence-peddling that has engulfed President Park Geun-hye,
Yonhap news agency reported.
Read more
CD&R in the lead to acquire Avaya's call center unit -sources
NEW YORK, Nov 23 (Reuters) - Buyout firm Clayton, Dubilier &
Rice LLC (CD&R) is in the lead to acquire the call center
business of debt-laden telecommunications equipment company
Avaya Inc for around $4 billion, people familiar with the matter
said on Wednesday.
Read more
Rice LLC (CD&R) is in the lead to acquire the call center
business of debt-laden telecommunications equipment company
Avaya Inc for around $4 billion, people familiar with the matter
said on Wednesday.
Read more
Thanksgiving tempers Australia's bull run, NZ hits 2-week high
Nov 24 (Reuters) - Australian shares inched lower on
Thursday, as gains in financials were offset by declines in the
resources sector, although the Dow and the S&P 500 closed at
record highs on Wednesday ahead of the U.S. Thanksgiving
holiday.
Read more
Thursday, as gains in financials were offset by declines in the
resources sector, although the Dow and the S&P 500 closed at
record highs on Wednesday ahead of the U.S. Thanksgiving
holiday.
Read more
Want to solve global crises? $5 million prize seeks fresh ideas
LONDON, Nov 24 (Thomson Reuters Foundation) - As the world
grapples with potentially catastrophic global problems,
including climate change, it needs to find solutions by
overcoming short-term thinking, risk analysts say.
Read more
grapples with potentially catastrophic global problems,
including climate change, it needs to find solutions by
overcoming short-term thinking, risk analysts say.
Read more
Singapore downgrades 2016 GDP growth f'cast after Q3 contraction
SINGAPORE, Nov 24 (Reuters) - Singapore downgraded its
economic growth forecast for this year after confirming a
contraction in output in the third quarter, amid fresh
uncertainty around global trade in the wake of Donald Trump's
U.S. election victory.
Read more
economic growth forecast for this year after confirming a
contraction in output in the third quarter, amid fresh
uncertainty around global trade in the wake of Donald Trump's
U.S. election victory.
Read more
BRIEF-Gulfmark Offshore announces tender offer for up to $300 mln of its 6.375% senior notes due 2022
* Gulfmark offshore inc - tender offer will be funded by a
new money investment from mfp partners, l.p. And franklin mutual
advisers, llc
Read more
new money investment from mfp partners, l.p. And franklin mutual
advisers, llc
Read more
U.S. Senate panel postpones Mylan hearing
WASHINGTON, Nov 23 (Reuters) - The U.S. Senate Judiciary
Committee on Monday postponed a hearing planned for next week to
discuss Mylan NV's pending $465 million settlement to
resolve charges that it underpaid government healthcare programs
by misclassifying its EpiPen emergency allergy treatment.
Read more
Committee on Monday postponed a hearing planned for next week to
discuss Mylan NV's pending $465 million settlement to
resolve charges that it underpaid government healthcare programs
by misclassifying its EpiPen emergency allergy treatment.
Read more
Deals of the day-Mergers and acquisitions
Nov 23 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Wednesday:
Read more
and disposals were reported by 2100 GMT on Wednesday:
Read more
BRIEF-Apollo Global's Athene plans December IPO- WSJ
* Apollo Global's Athene plans to list shares in December;
expected to raise over $1 billion at over $7 billion valuation -
WSJ, citing sources
Source text : http://on.wsj.com/2ggAoLY
Read more
expected to raise over $1 billion at over $7 billion valuation -
WSJ, citing sources
Source text : http://on.wsj.com/2ggAoLY
Read more
Investors pull most money from U.S.-based bond funds of any week in 2016-ICI
By Trevor Hunnicutt
NEW YORK, Nov 23 (Reuters) - Investors pulled $9.7 billion
from U.S.-based bond funds during the latest week in the
stiffest blow of the year for those funds, Investment Company
Institute data showed on Wednesday.
The withdrawals, during the weekly period ending Nov. 16,
come during a bond rout sparked by Donald Trump's unexpected
Nov. 8 win in the U.S. presidential election.
Markets are voting that Trump's victory could stoke
inflation and economic growth, given
Read more
NEW YORK, Nov 23 (Reuters) - Investors pulled $9.7 billion
from U.S.-based bond funds during the latest week in the
stiffest blow of the year for those funds, Investment Company
Institute data showed on Wednesday.
The withdrawals, during the weekly period ending Nov. 16,
come during a bond rout sparked by Donald Trump's unexpected
Nov. 8 win in the U.S. presidential election.
Markets are voting that Trump's victory could stoke
inflation and economic growth, given
Read more
Jose Cuervo postpones IPO as Trump election roils Mexico -sources
Nov 23 (Reuters) - Jose Cuervo, the world's biggest tequila
producer, has put its initial public offering on hold following
the U.S. presidential election of Donald Trump, which has
weighed on Mexican stocks and currency, according to people
familiar with the matter on Wednesday.
Read more
producer, has put its initial public offering on hold following
the U.S. presidential election of Donald Trump, which has
weighed on Mexican stocks and currency, according to people
familiar with the matter on Wednesday.
Read more
BRIEF-HoldCo Asset Management says sent public letter to Board Chairman of First NBC Bank Holding Co
* Holdco asset management - on november 23, 2016, sent a
public letter to the chairman of board of directors of first nbc
bank holding co
Read more
public letter to the chairman of board of directors of first nbc
bank holding co
Read more
Iceland's Left-Greens suspend talks on building coalition govt
STOCKHOLM, Nov 23 (Reuters) - Iceland's Left-Greens have
suspended talks with four other parties on forming a coalition
government, Icelandic media reported on Wednesday.
Read more
suspended talks with four other parties on forming a coalition
government, Icelandic media reported on Wednesday.
Read more
UPDATE 1-Philippines president vows to free economy "from clutches" of oligarchs
MANILA, Nov 23 (Reuters) - Philippine President Rodrigo
Duterte said on Wednesday he was taking steps to open up the
economy to new players and foreign investors, including in
power, energy and telecoms, to share its wealth and limit graft
and protectionism.
Read more
Duterte said on Wednesday he was taking steps to open up the
economy to new players and foreign investors, including in
power, energy and telecoms, to share its wealth and limit graft
and protectionism.
Read more
UPDATE 1-South Africa's Zuma condemns influence-peddling report as unfair
* President says country has done enough to avoid downgrade
(Recasts with state capture, credit rating, quotes)
Read more
(Recasts with state capture, credit rating, quotes)
Read more
UPDATE 1-British taxpayers face 27 bln pound loss from bank bailout
* Graphic: UK bank share prices http://reut.rs/1UxEalf
(Adds details on taxpayer potential losses)
Read more
(Adds details on taxpayer potential losses)
Read more
BRIEF-Generali interested in add-on buys but in no rush to finalise deals - CEO
* CEO Philippe Donnet says Generali is interested in small
and mid-market companies that are easy to integrate and operate
in markets where Generali is already a strong player
Read more
and mid-market companies that are easy to integrate and operate
in markets where Generali is already a strong player
Read more
MOVES-National Bank of Bahrain names new CEO
DUBAI, Nov 23 (Reuters) - National Bank of Bahrain
(NBB) has appointed Jean-Christophe Durand as its new chief
executive, effective Dec. 1, it said on Wednesday.
Read more
(NBB) has appointed Jean-Christophe Durand as its new chief
executive, effective Dec. 1, it said on Wednesday.
Read more
Kenya's Portland Cement looks to land sales to fund turnaround
NAIROBI, Nov 23 (Reuters) - Kenya's East African Portland
Cement aims to sell land and shed 1,000 workers -- two
thirds of its staff -- to cut debt and try to revive its
fortunes after its market share plummeted, its chairman said.
Read more
Cement aims to sell land and shed 1,000 workers -- two
thirds of its staff -- to cut debt and try to revive its
fortunes after its market share plummeted, its chairman said.
Read more
BRIEF-Marshall Monteagle says finance director passes away
* Announce death of Lloyd Marshall, finance director of
company, who passed away on Nov. 20 2016
Read more
company, who passed away on Nov. 20 2016
Read more
BRIEF-India cenbank cancels certificate of registration of 7 NBFCs
* Cancels certificate of registration of Natwest
Investments, Murat Viniyog, Koneru Investments, B.P. Capital,
Shapoorji Pallonji (Gwalior), Marudhar Lease Financing, Khevana
Investments
Source text: http://bit.ly/2fokRIW
Read more
Investments, Murat Viniyog, Koneru Investments, B.P. Capital,
Shapoorji Pallonji (Gwalior), Marudhar Lease Financing, Khevana
Investments
Source text: http://bit.ly/2fokRIW
Read more
U.S. should respect global financial rules, EU's Dombrovskis says
BRUSSELS, Nov 23 (Reuters) - The United States should
respect globally-agreed financial rules, the European Union
commissioner for financial services said on Wednesday, amid
concerns that the U.S. president-elect may change regulations
aimed at reducing bank risks.
Read more
respect globally-agreed financial rules, the European Union
commissioner for financial services said on Wednesday, amid
concerns that the U.S. president-elect may change regulations
aimed at reducing bank risks.
Read more
Fitch Downgrades Mongolia's Khan Bank and XacBank to 'B-'; Affirms State Bank
(The following statement was released by the rating agency)
HONG KONG, November 23 (Fitch) Fitch Ratings has today
downgraded the Long-Term
Issuer Default Ratings (IDRs) on Mongolia-based Khan Bank LLC
and XacBank LLC to
'B-' from 'B' and their Viability Ratings (VR) to 'b-' from 'b'.
The Outlooks on
the banks' Long-Term IDRs are Stable.
At the same time Fitch has affirmed State Bank LLC's Long-Term
IDR at 'B-' with
Stable Outlook and its VR at 'b-'. A full list of rating actions
is at the
Read more
HONG KONG, November 23 (Fitch) Fitch Ratings has today
downgraded the Long-Term
Issuer Default Ratings (IDRs) on Mongolia-based Khan Bank LLC
and XacBank LLC to
'B-' from 'B' and their Viability Ratings (VR) to 'b-' from 'b'.
The Outlooks on
the banks' Long-Term IDRs are Stable.
At the same time Fitch has affirmed State Bank LLC's Long-Term
IDR at 'B-' with
Stable Outlook and its VR at 'b-'. A full list of rating actions
is at the
Read more
BRIEF-Monte dei Paschi sees FRESH conversion price at 23.2 pct of nominal value
* conversion price of 2008 'FRESH' notes in planned
debt-to-equity swap seen at 23.2 percent of nominal value
Read more
debt-to-equity swap seen at 23.2 percent of nominal value
Read more
BRIEF-Filinvest Land responds to news article about bond sale
* Confirms information published in news article "Filinvest
Land plans p30 billion bond sale in q1 of 2017" in The Manila
Bulletin on nov 22
Source text for Eikon:
Further company coverage:
Read more
Land plans p30 billion bond sale in q1 of 2017" in The Manila
Bulletin on nov 22
Source text for Eikon:
Further company coverage:
Read more
Metals, mining stocks help European indices to 3rd straight day of gains
LONDON, Nov 23 (Reuters) - European shares rose for a third
straight day on Wednesday, with basic resources companies
underpinning the market again following a rise in metals prices.
Read more
straight day on Wednesday, with basic resources companies
underpinning the market again following a rise in metals prices.
Read more
BRIEF-KNF changes amount of fine imposed on Platynowe Inwestycje
* Said on Tuesday that following the company's motion for
re-examination of its case, Polish Financial Supervision
Authority (KNF) decided to revoke its decision from Feb. 23
Read more
re-examination of its case, Polish Financial Supervision
Authority (KNF) decided to revoke its decision from Feb. 23
Read more
Tuesday, November 22, 2016
Generali to exit markets to boost efficiency, sticks to targets
MILAN, Nov 23 (Reuters) - Italy's biggest insurer Generali
confirmed financial targets on Wednesday as it looks
to leave unattractive markets and cut costs to improve
profitability and boost capital.
Read more
confirmed financial targets on Wednesday as it looks
to leave unattractive markets and cut costs to improve
profitability and boost capital.
Read more
UPDATE 1-India offers credit facility to support farmers hit by cash clampdown
NEW DELHI, Nov 23 (Reuters) - The Indian government on
Wednesday offered a credit line to support millions of farmers
who have been left short of cash to buy seeds and fertilisers
for their winter crops after its decision to cancel 500 and
1,000 rupee bank notes.
Read more
Wednesday offered a credit line to support millions of farmers
who have been left short of cash to buy seeds and fertilisers
for their winter crops after its decision to cancel 500 and
1,000 rupee bank notes.
Read more
BRIEF-Bailador Technology Investments announces a $4.0mln investment in Instaclustr Limited
* Announced a $4.0mln investment in Instaclustr Limited
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Programmed Maintenance Services HY profit attributable to members $3.7 million
* Board has determined to pay interim dividend of 3.5 cents
per share fully franked payable on 31 January 2017
Source text for Eikon:
Further company coverage:
Read more
per share fully franked payable on 31 January 2017
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Oconee Federal Financial Board approved appointment of Curtis Evatt as president, CEO and CFO
* Oconee Federal Financial says board approved appointment
of Curtis Evatt as president, CEO And CFO of Co and association,
effective Jan 1, 2017
Source text for Eikon:
Further company coverage:
Read more
of Curtis Evatt as president, CEO And CFO of Co and association,
effective Jan 1, 2017
Source text for Eikon:
Further company coverage:
Read more
US STOCKS-Wall St extends record streak, Dow breaks 19,000 for 1st time
* Dow up 0.4 pct, S&P up 0.2 pct, Nasdaq up 0.3 pct
(Updates close with Urban Outfitters down after the bell)
Read more
(Updates close with Urban Outfitters down after the bell)
Read more
CME amends soymeal futures contract, lowers protein specification
CHICAGO, Nov 22 (Reuters) - The CME Group on Tuesday
said it will amend its soybean meal futures contract to more
closely reflect a lower average protein content of the animal
feed traded in cash markets in the United States.
Read more
said it will amend its soybean meal futures contract to more
closely reflect a lower average protein content of the animal
feed traded in cash markets in the United States.
Read more
Chile regulator says purchase of SQM stake may require public share offer
SANTIAGO, Nov 22 (Reuters) - Chile's SVS securities
regulator said on Tuesday that the eventual buyer of Oro
Blanco's stake in Pampa Calichera must make a public offer to
shareholders in fertilizer company SQM if the acquisition allows
the purchaser to control SQM's board.
Read more
regulator said on Tuesday that the eventual buyer of Oro
Blanco's stake in Pampa Calichera must make a public offer to
shareholders in fertilizer company SQM if the acquisition allows
the purchaser to control SQM's board.
Read more
UPDATE 2-Argentines have declared $21.9 bln so far in tax amnesty program -gov't
BUENOS AIRES, Nov 22 (Reuters) - Argentines have so far
declared $21.9 billion in previously hidden assets in the
country's tax amnesty program meant to help jump-start the
economy, Alberto Abad, director of the AFIP tax collection
agency, said on Tuesday.
Read more
declared $21.9 billion in previously hidden assets in the
country's tax amnesty program meant to help jump-start the
economy, Alberto Abad, director of the AFIP tax collection
agency, said on Tuesday.
Read more
BRIEF-Simcoe Capital reports 5.2 pct stake in Exar Corp
* Simcoe Capital Management reports 5.2 pct stake in Exar
Corp as of Nov 17 - SEC filing
Source text: (http://bit.ly/2f3yCSg
Further company coverage:
Read more
Corp as of Nov 17 - SEC filing
Source text: (http://bit.ly/2f3yCSg
Further company coverage:
Read more
WRAPUP 2-U.S. existing home sales race to more than 9-1/2-year high
WASHINGTON, Nov 22 (Reuters) - U.S. home resales rose in
October to their highest level in more than 9-1/2 years as
homebuyers, buoyed by an improving labor market, took advantage
of still-low mortgage rates to snatch up properties after many
were shut out during the busy summer selling season.
Read more
October to their highest level in more than 9-1/2 years as
homebuyers, buoyed by an improving labor market, took advantage
of still-low mortgage rates to snatch up properties after many
were shut out during the busy summer selling season.
Read more
UPDATE 1-Italian bank rescue fund Atlante to buy more bad loans
MILAN, Nov 22 (Reuters) - The Atlante fund set up to help
free Italy's banks of bad debt will make an offer to buy the
impaired loans of three small banks that were rescued from
bankruptcy a year ago, the head of Atlante said on Tuesday,
rejecting concerns that it had run out of money.
Read more
free Italy's banks of bad debt will make an offer to buy the
impaired loans of three small banks that were rescued from
bankruptcy a year ago, the head of Atlante said on Tuesday,
rejecting concerns that it had run out of money.
Read more
U.S. 5-year debt sold at highest yield since December
NEW YORK, Nov 22 (Reuters) - The U.S. Treasury Department on
Tuesday sold $34 billion in a five-year government note issue
at a yield of 1.760 percent, the highest yield at an auction for
this debt maturity since December, Treasury data showed.
Read more
Tuesday sold $34 billion in a five-year government note issue
at a yield of 1.760 percent, the highest yield at an auction for
this debt maturity since December, Treasury data showed.
Read more
Fitch Affirms Popular's Long- & Short-Term IDRs; Outlook Stable
(The following statement was released by the rating agency)
NEW YORK, November 22 (Fitch) Fitch Ratings has completed a peer
review of its
two rated Puerto Rican banks and has affirmed the Long-Term
Issuer Default
Ratings (IDRs) at 'BB-' and Short-Term IDRs at 'B' for Popular
Inc. (BPOP) and
its subsidiaries. The Rating Outlook is Stable. A full list of
rating actions
follows at the end of this release.
KEY RATING DRIVERS
IDRs, VRs, AND SENIOR DEBT
BPOP's current rating levels incorporate t
Read more
NEW YORK, November 22 (Fitch) Fitch Ratings has completed a peer
review of its
two rated Puerto Rican banks and has affirmed the Long-Term
Issuer Default
Ratings (IDRs) at 'BB-' and Short-Term IDRs at 'B' for Popular
Inc. (BPOP) and
its subsidiaries. The Rating Outlook is Stable. A full list of
rating actions
follows at the end of this release.
KEY RATING DRIVERS
IDRs, VRs, AND SENIOR DEBT
BPOP's current rating levels incorporate t
Read more
EU plans to add new bank creditor class to bear losses -draft
BRUSSELS, Nov 22 (Reuters) - European banks would be able to
issue a new category of debt that could be wiped out in a crisis
only after shares and bonds but before more secured instruments,
such as covered deposits, under a draft EU law seen by Reuters
on Tuesday.
Read more
issue a new category of debt that could be wiped out in a crisis
only after shares and bonds but before more secured instruments,
such as covered deposits, under a draft EU law seen by Reuters
on Tuesday.
Read more
UPDATE 2-Indonesian c.bank to ease reserve requirement rules in 2017 - governor
JAKARTA, Nov 22 (Reuters) - Indonesia's central bank will
next year give banks more leeway in meeting day-to-day reserve
requirements, to reduce volatility in money-market rates,
Governor Agus Martowardojo said on Tuesday.
Read more
next year give banks more leeway in meeting day-to-day reserve
requirements, to reduce volatility in money-market rates,
Governor Agus Martowardojo said on Tuesday.
Read more
Hungary's central bank says ready to ease policy further if needed
BUDAPEST, Nov 22 (Reuters) - Hungary's central bank is ready
to loosen monetary conditions further if needed to achieve its
inflation target, the bank said in a statement on Tuesday.
Read more
to loosen monetary conditions further if needed to achieve its
inflation target, the bank said in a statement on Tuesday.
Read more
Famed Plaza District fades as Manhattan office landscape shifts
NEW YORK, Nov 22 (Reuters) - Lower leasing costs, more
efficient office space and the hope of projecting an image more
appealing to millennials are leading hedge funds and large
corporations to leave Manhattan's most-coveted business district
for a rejuvenated Downtown and the trendy far West Side.
Read more
efficient office space and the hope of projecting an image more
appealing to millennials are leading hedge funds and large
corporations to leave Manhattan's most-coveted business district
for a rejuvenated Downtown and the trendy far West Side.
Read more
Tanzanian telecoms firms set to miss share listings deadline-sources
DAR ES SALAAM, Nov 21 (Reuters) - Tanzania's mobile phone
companies are struggling to meet a government deadline for them
to list their shares on the local market by the end of the year,
industry sources said, leaving them facing the prospect of being
fined or having their network operating licences suspended.
Read more
companies are struggling to meet a government deadline for them
to list their shares on the local market by the end of the year,
industry sources said, leaving them facing the prospect of being
fined or having their network operating licences suspended.
Read more
BRIEF-RBI notices few bank branch officials indulging in fraudulent practices with regards to SBNs
* RBI - withdrawal of legal tender character of existing INR
500 and INR 1000 specified bank notes (SBNs) - fraudulent
practices
Read more
500 and INR 1000 specified bank notes (SBNs) - fraudulent
practices
Read more
South Africa's Edcon returns to quarterly profit after Bain exit
JOHANNESBURG, Nov 22 (Reuters) - South African retailer
Edcon returned to quarterly profit thanks to lower
debt repayment charges following this year's debt-to-equity swap
that slashed the company's heavy-debt pile, it said on Tuesday.
Read more
Edcon returned to quarterly profit thanks to lower
debt repayment charges following this year's debt-to-equity swap
that slashed the company's heavy-debt pile, it said on Tuesday.
Read more
BRIEF-Bank of Communications updates on issuance of green financial bonds
* issued "2016 bank of communications co., ltd. Green
financial bonds" in national inter-bank bond market of china
Read more
financial bonds" in national inter-bank bond market of china
Read more
BRIEF-Rebosis to raise 533.8 mln rand through claw-back offer
* Will raise 533.8 mln rand from shareholders by way of a
fully subscribed claw-back offer, at a price of 10.71 rand per
ordinary share
Read more
fully subscribed claw-back offer, at a price of 10.71 rand per
ordinary share
Read more
BRIEF-Shanghai Clearing House gets full interest payment from Dalian Machine Tools Group
* It has received full interest payment on short-term bills
from Dalian Machine Tools Group due Nov 21 and has
completed payment process
Read more
from Dalian Machine Tools Group due Nov 21 and has
completed payment process
Read more
Germany's Schaeuble tells Brussels don't criticise us, we have spent
BERLIN, Nov 22 (Reuters) - The European Commission's call
for fiscal stimulus should not be aimed at Germany, Finance
Minister Wolfgang Schaeuble said on Tuesday, arguing Europe's
biggest economy has increased investment more than the euro zone
average in the last decade.
Read more
for fiscal stimulus should not be aimed at Germany, Finance
Minister Wolfgang Schaeuble said on Tuesday, arguing Europe's
biggest economy has increased investment more than the euro zone
average in the last decade.
Read more
World Bank sees Azeri GDP down 3 pct in 2016
Nov 22 (Reuters) - The World Bank expects Azeri economy to
contract by 3 percent this year, the bank's official said on
Tuesday.
Read more
contract by 3 percent this year, the bank's official said on
Tuesday.
Read more
BRIEF-Keller says awarded contract valued over 40 mln stg in South Africa
* Awarded a major ground improvement contract in Durban,
South Africa. Total contract is valued at over 40 mln stg
Read more
South Africa. Total contract is valued at over 40 mln stg
Read more
Hong Kong shares surge after US gains set bullish tone for Asia
Nov 22 (Reuters) - Hong Kong stocks posted their biggest
gain in nearly two weeks on Tuesday, after major U.S. benchmarks
hit fresh peaks overnight, setting a bullish tone for Asian
markets.
Read more
gain in nearly two weeks on Tuesday, after major U.S. benchmarks
hit fresh peaks overnight, setting a bullish tone for Asian
markets.
Read more
Monday, November 21, 2016
Britain sells about 1 percent of Lloyds shares
LONDON, Nov 22 (Reuters) - Britain has cut its stake in
Lloyds Banking Group to just below 8 percent in a
renewed attempt to return the lender to full private ownership
over the next year.
Read more
Lloyds Banking Group to just below 8 percent in a
renewed attempt to return the lender to full private ownership
over the next year.
Read more
BRIEF-SANDPIPER Digital Payments announces negotiations with Net Element
* Announced on Monday negotiations with Nasdaq-listed Net
Element Inc. ("Net Element") regarding a potential business
combination
Read more
Element Inc. ("Net Element") regarding a potential business
combination
Read more
BRIEF-Hong Leong Financial Group Bhd says qtrly revenue 1.18 billion rgt versus 1.15 billion rgt
* Qtrly net profit 386.2 million rgt versus 386.9 million
rgt
Source text (http://bit.ly/2gcusqX)
Further company coverage:
Read more
rgt
Source text (http://bit.ly/2gcusqX)
Further company coverage:
Read more
BRIEF-Arthaland Corp clarifies on news article published by Manila Standard
* Refers to news report entitled "arthaland to boost
projects by 5 times" published by Manila Standard
Read more
projects by 5 times" published by Manila Standard
Read more
China's debt-to-equity swaps should be driven by market, not state - commentary
SHANGHAI, Nov 22 (Reuters) - China's debt-to-equity swaps
should be market driven rather than government determined, Fan
Gang, president of the think tank China Development Institute
said, in a commentary in the ruling Communist Party's official
People's Daily on Tuesday.
Read more
should be market driven rather than government determined, Fan
Gang, president of the think tank China Development Institute
said, in a commentary in the ruling Communist Party's official
People's Daily on Tuesday.
Read more
Autoliv, Key Safety Systems preferred bidders for Takata - Bloomberg
TOKYO, Nov 22 (Reuters) - Takata Corp has
shortlisted Sweden's Autoliv Inc and U.S. parts supplier
Key Safety Systems as potential bidders for the Japanese airbag
maker at the centre of the world's biggest auto recall,
Bloomberg reported.
Read more
shortlisted Sweden's Autoliv Inc and U.S. parts supplier
Key Safety Systems as potential bidders for the Japanese airbag
maker at the centre of the world's biggest auto recall,
Bloomberg reported.
Read more
New yuan fix 'encourages capital flight' from China - ex PBOC policymaker
SHANGHAI, Nov 22 (Reuters) - The new way China fixes the
yuan exchange rate "encourages" capital flight and has led to a
gradual depreciation of the currency, a former member of the
central bank's Monetary Policy Committee said on Tuesday.
Read more
yuan exchange rate "encourages" capital flight and has led to a
gradual depreciation of the currency, a former member of the
central bank's Monetary Policy Committee said on Tuesday.
Read more
Abengoa asks U.S. court to prevent lawsuits by rebel creditors
CHICAGO, Nov 21 (Reuters) - Spanish renewable energy and
engineering firm Abengoa SA has asked a U.S. bankruptcy
court to enjoin legal action and future claims by creditors who
are unsatisfied with a high-stakes plan to restructure $10
billion of debt.
Read more
engineering firm Abengoa SA has asked a U.S. bankruptcy
court to enjoin legal action and future claims by creditors who
are unsatisfied with a high-stakes plan to restructure $10
billion of debt.
Read more
UPDATE 2-Boeing taps GE exec to lead airplanes unit, focus on services
NEW YORK, Nov 21 (Reuters) - Boeing Co on Monday
named a senior General Electric Co executive to head its
commercial airplanes division and announced a new services unit,
in moves to capture more of the profitable market for parts and
repairs after a jet is sold.
Read more
named a senior General Electric Co executive to head its
commercial airplanes division and announced a new services unit,
in moves to capture more of the profitable market for parts and
repairs after a jet is sold.
Read more
Startup Trov aims to disrupt insurance with the swipe of an app
Nov 21 (Reuters) - The on-demand economy, which uses
smartphone technology to immediately fill consumer needs, has
changed the way people order food, a car, or a place to stay.
Now, technology startups are targeting the next business
frontier - insurance - offering coverage with the swipe of an
app.
Read more
smartphone technology to immediately fill consumer needs, has
changed the way people order food, a car, or a place to stay.
Now, technology startups are targeting the next business
frontier - insurance - offering coverage with the swipe of an
app.
Read more
BRIEF-Independent Bank Group to acquire Carlile Bancshares
* Says has entered into agreement to acquire carlile
bancshares, inc. And its subsidiary, northstar bank, denton,
texas
Read more
bancshares, inc. And its subsidiary, northstar bank, denton,
texas
Read more
EU rules to stem payment fraud may disrupt 6 bln euros of e-commerce - Visa
BRUSSELS, Nov 22 (Reuters) - The European Union's planned
rules to reduce fraud by forcing the use of passwords or codes
to authenticate electronic payments above 10 euros ($10.60) risk
disrupting online shopping and may not increase security, Visa
said on Tuesday.
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rules to reduce fraud by forcing the use of passwords or codes
to authenticate electronic payments above 10 euros ($10.60) risk
disrupting online shopping and may not increase security, Visa
said on Tuesday.
Read more
Caesars bankruptcy heads to showdown with U.S. watchdog
CHICAGO, Nov 21 (Reuters) - The U.S. government's bankruptcy
watchdog objected on Monday to a Caesars Entertainment Corp
subsidiary's proposal to exit Chapter 11, threatening to
derail a largely consensual plan to slash $10 billion of debt.
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watchdog objected on Monday to a Caesars Entertainment Corp
subsidiary's proposal to exit Chapter 11, threatening to
derail a largely consensual plan to slash $10 billion of debt.
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BRIEF-NPT Ltd says trading profit was $3.390 mln for six months to 30 September 2016
* NPT Ltd - trading profit of $3.390 million for six months
to 30 september 2016, a 2.26% increase
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to 30 september 2016, a 2.26% increase
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BRIEF-Nova Leap announces non-brokered private placement
* Non-brokered private placement financing to raise up to $2
million by sale of units of company at a price of $0.20 per unit
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million by sale of units of company at a price of $0.20 per unit
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Australian shares poised to rise as oil, metals rally; NZ up
Australian shares are set to open firmer on Tuesday, tracking
Wall Street, on rallies in metals and oil prices, with top miner
BHP Billiton poised to jump more than 1.5 percent.
Oil prices soared 4 percent to a three-week high on Monday,
buoyed by growing conviction that major oil producing countries
would agree to limit output next week.
Gains were also seen in metals, led by copper, on
expectations of improving appetite from top consumer China and
higher demand from the U.S. market as
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Wall Street, on rallies in metals and oil prices, with top miner
BHP Billiton poised to jump more than 1.5 percent.
Oil prices soared 4 percent to a three-week high on Monday,
buoyed by growing conviction that major oil producing countries
would agree to limit output next week.
Gains were also seen in metals, led by copper, on
expectations of improving appetite from top consumer China and
higher demand from the U.S. market as
Read more
BRIEF-Cyrusone expands unsecured credit facility to $1.55 bln
* Expands unsecured credit facility to $1.55 billion,
extends maturity date, and reduces borrowing rates
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extends maturity date, and reduces borrowing rates
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U.S. business borrowing for equipment rises 6 pct in Oct - ELFA
Nov 21 (Reuters) - Borrowings by U.S. companies for capital
investment rose 6 percent in October from a year earlier, the
Equipment Leasing and Finance Association (ELFA) said on Monday.
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investment rose 6 percent in October from a year earlier, the
Equipment Leasing and Finance Association (ELFA) said on Monday.
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UPDATE 3-Citi and JPMorgan top list of globally systemic banks
LONDON, Nov 21 (Reuters) - Citi has joined JPMorgan
at the top of global regulators' list of systemically
important banks, replacing HSBC and meaning the U.S.
bank will have to hold extra capital from 2019 to help preserve
financial stability.
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at the top of global regulators' list of systemically
important banks, replacing HSBC and meaning the U.S.
bank will have to hold extra capital from 2019 to help preserve
financial stability.
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Hackers target European ATMs in spree that highlights new cyber threat
Nov 21 (Reuters) - Cyber criminals have remotely attacked
cash machines in more than a dozen countries across Europe this
year using malicious software that forces machines to spit out
cash, according to Russian cyber security firm Group IB.
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cash machines in more than a dozen countries across Europe this
year using malicious software that forces machines to spit out
cash, according to Russian cyber security firm Group IB.
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Blockchain startup R3 cuts fund-raising target to $150 mln -source
NEW YORK, Nov 21 (Reuters) - Blockchain company R3 CEV has
reduced the amount it aims to raise from bank members in its
first large round of equity funding to $150 million from $200
million, according to a person familiar with the plans.
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reduced the amount it aims to raise from bank members in its
first large round of equity funding to $150 million from $200
million, according to a person familiar with the plans.
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UPDATE 3-Banco do Brasil downsizes to bolster returns, pivots to digital
SAO PAULO, Nov 21 (Reuters) - Banco do Brasil SA
plans to save up to 3.1 billion reais ($900 million) in coming
years by shedding up to 18,000 jobs and shutting hundreds of
branches, the latest step by Chief Executive Officer Paulo
Caffarelli to bolster profitability.
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plans to save up to 3.1 billion reais ($900 million) in coming
years by shedding up to 18,000 jobs and shutting hundreds of
branches, the latest step by Chief Executive Officer Paulo
Caffarelli to bolster profitability.
Read more
European shares end up, helped by cyclical stocks
* Aixtron falls as U.S. regulator opposes China takeover
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Adds details, updates prices)
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(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Adds details, updates prices)
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U.S. stock ETFs attract record eight-day cash inflow -TrimTabs
Nov 21 (Reuters) - Investors moved $45.7 billion into
U.S.-listed equity exchange-traded funds (ETFs) in the eight
trading days ended Thursday, Nov. 17, in the biggest
eight-session inflow on record, according to TrimTabs Investment
Research.
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U.S.-listed equity exchange-traded funds (ETFs) in the eight
trading days ended Thursday, Nov. 17, in the biggest
eight-session inflow on record, according to TrimTabs Investment
Research.
Read more
UPDATE 1-Sterling jumps after PM hints at Brexit transition deal
LONDON, Nov 21 (Reuters) - Sterling surged more than a cent
against the dollar on Monday and to its highest since early
September versus the euro as the market processed Prime Minister
Theresa May's latest hints on the possible shape of Britain's
exit from the European Union.
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against the dollar on Monday and to its highest since early
September versus the euro as the market processed Prime Minister
Theresa May's latest hints on the possible shape of Britain's
exit from the European Union.
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Bosnian banks say under pressure after EU risk designation
SARAJEVO, Nov 21 (Reuters) - Banks in Bosnia have seen their
accounts blocked or closed by foreign counterparts since the
Balkan state became the only European country to be put on an EU
list of countries that pose a high risk to the financial system,
bankers said on Monday.
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accounts blocked or closed by foreign counterparts since the
Balkan state became the only European country to be put on an EU
list of countries that pose a high risk to the financial system,
bankers said on Monday.
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U.S. pares 1-month T-bill supply from record high
NEW YORK, Nov 21 (Reuters) - The U.S. Treasury Department
said on Monday it will sell $55 billion in four-week or
one-month bills on Tuesday, which is lower than the record
amount of $65 billion it sold at each of the previous two
auctions for this debt maturity.
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said on Monday it will sell $55 billion in four-week or
one-month bills on Tuesday, which is lower than the record
amount of $65 billion it sold at each of the previous two
auctions for this debt maturity.
Read more
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