Monday, May 30, 2016

GLOBAL MARKETS-Asian shares wobble, on track for monthly loss

TOKYO, May 31 (Reuters) - Asian shares wobbled in early

trade on Tuesday and were on track for a monthly loss, while the

dollar edged away from recent peaks scaled on heightened

expectations the U.S....

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UPDATE 2-State lawmakers override bill veto to ease Chicago pension payments

CHICAGO, May 30 (Reuters) - Chicago will be able to spread

out state-mandated higher payments to its police and fire

pensions after the Illinois Legislature on Monday overrode the

governor's veto of...

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Brazil to name new Treasury chief ahead of debt talks -source

BRASILIA, May 30 (Reuters) - Brazilian Finance Minister

Henrique Meirelles will name the finance secretary of the state

of Espirito Santos as the country's new Treasury chief, a senior

government...

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PRESS DIGEST- British Business - May 31

May 31 (Reuters) - The following are the top stories on the

business pages of British newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

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Illinois legislature overrides veto of bill to ease Chicago pension payments

CHICAGO, May 30 (Reuters) - A bill to spread out Chicago's

payments to its public safety workers' pension will become law

after the Illinois House and Senate on Monday overrode the

governor's veto.

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BRIEF-LGX Oil + Gas Inc Q1 shr loss $0.03

* Should bank not extend loan, co would need to seek

alternative forms of debt or equity financing

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BRIEF-Sterling Resources closes recapitalization previously announced on March 11, 2016

* Has closed recapitalization previously announced on march

11, 2016

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UPDATE 1-Missed Rio payment 'credit negative' for all Brazilian states -Moody's

SAO PAULO, May 30 (Reuters) - Missed debt payments by Rio de

Janeiro underscore credit risks facing all Brazilian states,

adding to pressure on the federal government to offer more

generous relief to...

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CANADA FX DEBT-C$ pares losses against firmer greenback as oil rallies

(Adds analyst quote, details on upcoming data; updates prices)

* Canadian dollar at C$1.3051, or 76.62 U.S. cents

* Bond prices mixed across flatter maturity curve

By Fergal Smith

...

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BRIEF-Kerr Mines announces promissory note amendment

* Conversion price on previously announced CDN $1,350,000

December 17, 2015 convertible promissory note has been changed

to $0.05 per common share

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EMERGING MARKETS-Brazil's currency firms after government posts primary surplus

(Updates with afternoon prices, news from Brazil)

SAO PAULO, May 30 (Reuters) - The Brazilian real

gained on Monday after the country's government recorded a

primary budget surplus in April that...

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UPDATE 1-Brazil posts primary surplus in April, beats expectations

BRASILIA, May 30 (Reuters) - Brazil's central government on

Monday posted a primary budget surplus of 9.751 billion reais

($2.72 billion) in April, well above market expectations for a

small surplus.

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Brazil posts primary gov't surplus of 9.751 bln reais in April

BRASILIA, May 30 (Reuters) - Brazil's central government on

Monday posted a primary budget surplus of 9.751 billion reais

($2.16 billion) in April, well above market expectations for a

small surplus.

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UPDATE 1-Petrobras CEO Bendine offers resignation; replacement passes test

RIO DE JANEIRO, May 30 (Reuters) - Aldemir Bendine, chief

executive officer of Brazil's state-led oil company Petroleo

Brasileiro SA, offered his resignation on Monday and

is set to be replaced by...

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Russia's Mechel says shareholders approve debt restructuring deals

MOSCOW, May 30 (Reuters) - Indebted Russian coal and steel

producer Mechel said on Monday that its shareholders

had approved a series of debt restructuring deals.

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Missed Rio payment 'credit negative' for all Brazilian states -Moody's

SAO PAULO, May 30 (Reuters) - Missed debt payments by Rio de

Janeiro underscore credit risks facing all Brazilian states,

adding to pressure on the federal government to offer more

generous relief to...

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Petrobras CEO Bendine offers resignation; replacement passes test

RIO DE JANEIRO, May 30 (Reuters) - Aldemir Bendine, chief

executive officer of Brazil's state-led oil company Petroleo

Brasileiro SA, offered his resignation to the

company's board of directors on...

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X



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EMERGING MARKETS-Latam stocks, currencies seesaw in holiday-thinned trade

By Bruno Federowski

SAO PAULO, May 30 (Reuters) - Latin American stocks and

currencies seesawed on Monday on thin trading volume due to

market holidays in the United States and the United...

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CORRECTED (OFFICIAL)-China's CNPC eyes role in Rosneft's privatisation - Interfax

MOSCOW, May 30 (Reuters) - China National Petroleum

Corporation (CNPC) is interested in taking part in the

privatisation of Russia's top oil producer Rosneft,

Interfax news agency cited Russian...

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CANADA FX DEBT-C$ weakens against firmer greenback as oil dips

* Canadian dollar at C$1.3069, or 76.52 U.S. cents

* Bond prices lower across the maturity curve

TORONTO, May 30 (Reuters) - The Canadian dollar weakened

against its broadly stronger U.S....

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CORRECTED (OFFICIAL)-China's CNPC eyes role in Rosneft's privatisation - Interfax

MOSCOW, May 30 (Reuters) - China National Petroleum

Corporation (CNPC) is interested in taking part in the

privatisation of Russia's top oil producer Rosneft,

Interfax news agency cited Russian...

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UPDATE 1-Canada Q1 current account deficit widens on weak crude prices

OTTAWA, May 30 (Reuters) - Canada's current account deficit

widened to C$16.77 billion ($12.90 billion) in the first quarter

as weak crude oil prices dragged down the value of exports,

Statistics...

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Air travel demand slows as airlines confront security, fragile economies

BERLIN, May 30 (Reuters) - Air passenger demand in April

rose at its slowest rate since January 2015, weighed by the

March attacks on Brussels airport and highlighting safety as one

of the main...

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Latest China debt moves may bring index inclusion, $155 bln inflow-JPM

LONDON, May 30 (Reuters) - Chinese government bonds could

receive at least $155 billion of investment flows should the

relaxation of rules around foreign participation lead to their

inclusion in...

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UPDATE 1-Euro zone bond yields up on Yellen rate-hike hint, upbeat data

LONDON, May 30 (Reuters) - Euro zone government bond yields

rose on Monday after comments from Federal Reserve Chair Janet

Yellen boosted the case for a U.S. interest rate rise in June or

July and...

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CEE MARKETS-Bonds ease slightly on Fed rate rise outlook

* Government bonds mostly ease on Fed rate rise comments

* Poland to report economic data on Tuesday, Wednesday

* Kuna firms, but political crisis may weigh on Croatian assets

By Sandor...

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German finmin says feels more hopeful about Greek economy

BERLIN, May 30 (Reuters) - German Finance Minister Wolfgang

Schaeuble said on Monday that he was now feeling more hopeful

about Greece's economic development than before.

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UPDATE 1-Schaeuble says ECB not pursuing best monetary policy for Germany

BERLIN, May 30 (Reuters) - German Finance Minister Wolfgang

Schaeuble said on Monday that the European Central Bank's

responsibility for the entire euro zone meant the institution

was not...

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GLOBAL MARKETS-European shares hit 1-mth high, dollar firms on Yellen's hike hint

LONDON, May 30 (Reuters) - European shares hit one-month

highs on Monday, while the dollar index rose to a two-month peak

after Federal Reserve Chair Janet Yellen suggested that an

interest rate hike...

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RPT-Lagarde remote control makes Europeans doubt IMF role in Greek deal

* Greek deal finally struck after late-night call to IMF

chief

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Sunday, May 29, 2016

JGBs dip after Yellen remarks, BOJ buying curbs losses

TOKYO, May 30 (Reuters) - Japanese government bond prices

dipped on Monday, weighed by remarks from Federal Reserve Chair

Janet Yellen that enhanced the prospect of a near-term U.S. rate

hike,...

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Malaysia's 1MDB makes coupon payment on Islamic medium term notes

KUALA LUMPUR, May 30 (Reuters) - Malaysia's state-owned

1Malaysia Development Berhad (1MDB) said on Monday that it had

made a scheduled coupon payment on an Islamic medium term bond,

despite an...

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Dollar/yen rises above 111.00 for first time since late April

TOKYO, May 30 (Reuters) - The dollar rose above 111.00 yen

for the first time since late April, with Monday's market move

underpinned by comments late last week from Federal Reserve

Chair Janet...

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GLOBAL MARKETS-Asia shares slip, dollar firm after Yellen's hike remarks

* Wall Street rises ahead of U.S. Memorial Day holiday

weekend

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Illinois governor blasts House budget, Chicago mayor

SPRINGFIELD, Ill., May 29 (Reuters) - Just days before the

end of the Illinois legislature's spring session, the governor

said on Sunday he would veto a House-passed budget, which

includes school...

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TABLE-UAE April bank lending growth slows to 6.7 pct

May 29 (Reuters) - Annual bank lending growth in the United

Arab Emirates slowed in April but money supply (M3) growth edged

up, central bank data showed on Sunday.



UAE MONEY SUPPLY ...

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Kuwait's KNPC says in talks for $6.4 bln in loans for Clean Fuels project

DUBAI, May 29 (Reuters) - Kuwait National Petroleum Company

(KNPC) is in final stages of talks with international

institutions for $6.4 billion in the second tranche of loans to

finance its...

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Turkey's new prime minister wins vote of confidence in parliament

ANKARA, May 29 (Reuters) - Turkish Prime Minister Binali

Yildirim's government on Sunday won a vote of confidence in

parliament as well as approval for his legislative programme,

parliament speaker...

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Japan's Aso calls for lower house elections if tax hike is delayed -Kyodo

TOKYO, May 29 (Reuters) - Japanese Finance Minister Taro Aso

said the lower house of the parliament should be dissolved

followed by a general election if the increase in the

consumption tax is...

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France's Sapin says government will stand firm on labour reform

PARIS, May 29 (Reuters) - A plan to overhaul labour rules is

crucial to proving France's ability to reform, and the

government will stand by it despite street protests and refinery

blockades, Finance...

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Saturday, May 28, 2016

Lufthansa suspends Caracas flights as Venezuelan economy struggles

CARACAS, May 28 (Reuters) - German airline Deutsche

Lufthansa AG said on Saturday it will temporarily

suspend flights to Venezuela as of next month due to economic

difficulties in the South American...

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UPDATE 1-WHO rejects call for Olympics to be moved due to Zika

LONDON, May 28 (Reuters) - The World Health Organization (WHO) on Saturday rejected a call for the Rio Olympic Games to be moved or postponed due to the threat posed by a large outbreak of Zika virus...

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UPDATE 1 -French fuel supply improving, but crisis not over - minister

PARIS, May 28 (Reuters) - France's fuel supply crisis is not

yet over, the transport minister warned on Saturday, while Prime

Minister Manuel Valls was quoted as saying he was ready to ride

out...

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UPDATE 2-French fuel supply improving, but crisis not over - minister

PARIS, May 28 (Reuters) - France's fuel supply crisis is not

yet over, the transport minister warned on Saturday, while Prime

Minister Manuel Valls was quoted as saying he was ready to ride

out...

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French fuel supply improving, but crisis not over -minister

PARIS, May 28 (Reuters) - The fuel supply situation in

France is improving, but the crisis caused by strikes is not

fully over, the country's transport minister said on Saturday.

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REFILE-WHO rejects call for Olympics to be moved due to Zika

LONDON, May 28 (Reuters) - The World Health Organization (WHO) on Saturday rejected a call for the Rio Olympic Games to be moved or postponed due to the threat posed by large outbreak of Zika virus...

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BRIEF-Republic Airways, United Airlines reach agreement on long-term relationship

* Republic Airways Holdings Inc and United Airlines reach

comprehensive agreement on a long term commercial relationship

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Friday, May 27, 2016

Illinois governor vetoes bill to ease Chicago pension payments

SPRINGFIELD, Ill., May 27 (Reuters) - Illinois Governor

Bruce Rauner vetoed a bill on Friday that would have enabled

Chicago to spread out pension payments to its public safety

workers' pensions,...

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Kansas Supreme Court strikes down school funding system

May 27 (Reuters) - The Kansas Supreme Court on Friday again

struck down the state's proposed school funding system and

provided lawmakers a deadline of June 30 to fix disparities

between rich and...

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Illinois lawmakers focus on funding fix for Chicago schools

SPRINGFIELD, Ill., May 27 (Reuters) - A funding fix for the

fiscally challenged Chicago Public Schools is taking center

stage in the final days of the Illinois legislature's spring

session, with the...

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BRIEF-Trovagene files for mixed shelf of up to $250 million

* Files for mixed shelf of up to $250 million - SEC filing

Source text for Eikon:

Further company coverage:

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BRIEF-S&P says District Of Columbia's 2016A general obligation bonds assigned 'AA'

* District of columbia's 2016A general obligation bonds

assigned 'AA' rating; other ratings affirmed

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CANADA FX DEBT-C$ weakens as oil dips, Yellen bolsters U.S. rate hike bets

(Adds analyst quotes, details on Yellen and CFTC data, updates

prices)

* Canadian dollar ended at C$1.3038, or 76.70 U.S. cents

* Bond prices lower across the maturity curve

By Fergal...

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BRIEF-Moody's says Alphabet's victory in code copyright case is credit positive

* Moody's says alphabet inc.'s victory in code copyright

case is credit positive; ratings unchanged

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GLOBAL MARKETS-Dollar gains, bond prices fall after Yellen remarks

* U.S. stocks put in strongest week since March

(Updates with U.S. markets' closing levels)

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Spec net shorts in U.S. 10-year T-notes fall -CFTC

May 27 (Reuters) - Speculators' net bearish bets on U.S.

10-year Treasury note futures fell from their highest levels in

six weeks after the Federal Reserve released the minutes on its

April policy...

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Speculators turn net long U.S. dollars for 1st time in six weeks-CFTC, Reuters

NEW YORK, May 27 (Reuters) - Speculators turned bullish on

the U.S. dollar for the first time in six weeks, with net longs

on the currency notching their largest level since late March.

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Kerry welcomes bid to spur talks between Venezuela, opposition

WASHINGTON, May 27 (Reuters) - U.S. Secretary of State John

Kerry spoke to former Spanish Prime Minister José Luis Rodríguez

Zapatero on Thursday to welcome efforts he is leading to

facilitate...

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UPDATE 1-Yellen says Fed rate hike likely appropriate in coming months

CAMBRIDGE, Mass., May 27 (Reuters) - The Federal Reserve

should raise interest rates "in the coming months" if the

economy picks up as expected and jobs continue to be generated,

U.S. central bank...

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BRIEF-First Quantum Minerals announces new $1.82 bln credit facility

* First Quantum announces refinancing with improved

financial covenants and amortization schedule

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TREASURIES-U.S. yields rise on Yellen remark on Fed rate hike

NEW YORK, May 27 (Reuters) - U.S. Treasury yields rose to

session highs on Friday after Federal Reserve Chair Janet Yellen

said it probably would be appropriate to raise interest rates in

coming...

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Lagarde remote control makes Europeans doubt IMF role in Greek deal

* Greek deal finally struck after late-night call to IMF

chief

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BRIEF-Toyota Motor will issue 10 and 20-yr bonds with lowest interest rates ever seen in Japan's private sector - Nikkei

* Toyota Motor Corp's terms set Friday put the coupons on

the 10 and 20-year bonds with lowest interest rates ever seen in

Japan's private sector - Nikkei

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LATAM CLOSE-No deals price in LatAm primary

* Mexico's ICA reports US$79m loss

* Homebuilder gets US$48m to re-start

* EM corporate leverage at new high: BAML

* Brazil may come back to market this year

By Mike Gambale and Paul...

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BRIEF-Fitch rates Milwaukee, WI GOs 'AA' outlook stable

* Expects city's two largest sources of revenue, state aid, property

taxes,to remain stagnant,grow slightly below level of inflation

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US high-grade logs biggest month ever

NEW YORK, May 27 (IFR) - The US high-grade market logged its

biggest month ever in May, topping US$160bn as borrowers locked

up financing ahead of any possible rates hike coming this summer

from the...

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No change to gilt future trading times after Brexit vote - ICE

LONDON, May 27 (Reuters) - The main exchange for trading in

UK government bond futures said on Friday it will not open early

on the morning after Britain's vote on European Union

membership.

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CANADA FX DEBT-C$ weakens with oil as investors await Fed Chair Yellen

* Canadian dollar at C$1.3056, or 76.59 U.S. cents

* Bond prices slightly lower across the maturity curve

TORONTO, May 27 (Reuters) - The Canadian dollar weakened

against its broadly firmer...

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TREASURIES-U.S. bond prices slip ahead of Yellen

NEW YORK, May 27 (Reuters) - U.S. Treasury prices slipped on

Friday as traders await for possible clues on the U.S. economy

and timing on a possible interest rate increase from Federal

Reserve Chair...

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BRIEF-WebMD announces exercise of over-allotment option for 2-5/8 pct convertible notes due 2023

* Exercise by initial purchaser of full over-allotment

option of $60 million aggregate principal amount of 2®%

convertible notes due 2023

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MONEY MARKETS-Traders hold U.S. rate hike view after GDP data

NEW YORK, May 27 (Reuters) - U.S. federal funds futures were

little changed on Friday as the government's upward revision of

U.S. economic growth in the first quarter did not change

traders' view...

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GLOBAL MARKETS-Dollar rises as world stock markets hold firm

LONDON, May 27 (Reuters) - The dollar rose on Friday while

world stock markets were steady, as investors prepared for a

likely hike in U.S. interest rates in the next few months.

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UPDATE 2-Automakers recall 12 million U.S. vehicles over Takata air bags

WASHINGTON, May 27 (Reuters) - Eight automakers said on

Friday they are recalling more than 12 million U.S. vehicles for

defective Takata air bags, expanding the largest-ever auto

safety push,...

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Greek two-year yields set for biggest monthly decline since August

LONDON, May 27 (Reuters) - Short-dated Greek yields were set

on Friday for their biggest monthly fall since August after this

week's bailout deal with creditors and hopes the European

Central Bank...

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Automakers recall 12 million U.S. vehicles over Takata air bags

WASHINGTON, May 27 (Reuters) - Eight automakers said on

Friday they are recalling more than 12 million vehicles in new

recalls related to defective Takata air bags, according

to documents posted by...

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EMERGING MARKETS-Emerging stocks set for 1st weekly rise since mid-April

By Karin Strohecker

LONDON, May 27 (Reuters) - Emerging stocks enjoyed their

first weekly gains since mid-April on Friday but currencies

remained under pressure as investors remained divided on...

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German yields hit 10-day trough as chances of U.S. June hike diminish

LONDON, May 27 (Reuters) - German yields fell to a 10-day

low on Friday, with this week's weaker-than-expected data and

Britain's upcoming EU referendum seen diminishing the chances of

an interest...

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JGBs edge higher, underpinned by month-end buying

TOKYO, May 27 (Reuters) - Japanese government bonds edged up

on Friday, bolstered by month-end buying and the Bank of Japan's

asset purchases.

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PRESS DIGEST - Wall Street Journal - May 27

May 27 (Reuters) - The following are the top stories in the

Wall Street Journal. Reuters has not verified these stories and

does not vouch for their accuracy.

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Thursday, May 26, 2016

China April industrial profit growth slows from March

* April industrial profits rise 4.2 pct y/y vs March's 11.1

pct

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GLOBAL MARKETS-Asia stocks edge up after upbeat U.S. data, dollar sags

TOKYO, May 27 (Reuters) - Asian stocks pulled ahead on

Friday after patches of U.S. data continued to paint the world's

largest economy in a positive light, while the dollar was on the

defensive...

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UPDATE 1-Doubleline's Gundlach sees Yellen as more cautious than some Fed officials

May 26 (Reuters) - Jeffrey Gundlach, chief executive officer

of DoubleLine Capital, on Thursday said U.S. Federal Reserve

Chair Janet Yellen appears to be more cautious on raising

interest rates...

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BRIEF-Pacific Exploration & Production updates on restructuring plan

May 26 (Reuters) - Pacific Exploration And Production Corp

:

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Mexico's Urbi gets $48 million injection to restart operations

MEXICO CITY, May 26 (Reuters) - Mexican homebuilder Urbi

said on Thursday it got a capital injection of 886.8

million pesos ($48 million) that will allow it to start

operating again after having...

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Lipper fund flows IG US$872.9m inflow; HY US$562.3m outflow

NEW YORK, May 26 (IFR) - For the week ended May 25, Lipper

US Fund Flows reported the following:

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BRIEF-Northern Dynasty says offerings of up to $15.0 mln

* Northern Dynasty announces offerings of up to $15.0

million

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

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TREASURIES-U.S. bond prices gain on solid 7-year note auction

* Fed's Bullard says traders read FOMC minutes correctly

(Updates market action, adds quote)

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REFILE-UPDATE 1-Poland's rule of law dispute keeps some investors away - deputy PM

* Some 20 pct of investors hold back because of rule of law

debate

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Bank of Canada hires former Merrill Lynch economist as advisor

TORONTO, May 26 (Reuters) - The Bank of Canada has hired

former Merrill Lynch economist Sheryl King as an advisor who

will represent the central bank in its New York office, it said

on Thursday.

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BRIEF-Allarco Entertainment 2008 Inc. and Allarco Entertainment Limited Partnership announce restructuring under CCAA

* Allarco Entertainment 2008 Inc. and Allarco Entertainment

Limited Partnership announces restructuring under CCAA

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Direct bidders buy most U.S. 7-year notes since 2014

NEW YORK, May 26 (Reuters) - Smaller dealers and other

direct bidders on Thursday bought 16.86 percent of the $28

billion of U.S. seven-year Treasury note supply offered

, which was their largest...

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Fed's Powell says interest rates could rise "fairly soon"

WASHINGTON, May 26 (Reuters) - A U.S. rate hike may come

"fairly soon" if data confirm the economy is continuing to grow

and labor markets are still tightening, Federal Reserve Governor

Jerome Powell...

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BRIEF-Moody's - Believe that China's authorities have the tools to prevent a financial crisis from materialising in the near future

* Moody's On China - Believe that China's authorities have

the tools to prevent a financial crisis from materialising in

the near future

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UPDATE 2-DONG Energy listing to value group at up to $16 billion

* Additional overallotment of up to 2.6 pct of the shares

(Recasts, adds DONG and analyst comments)

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CORRECTED-Lidl owner to invest 6.5 bln euros in 2016 - newspaper

BERLIN, May 26 (Reuters) - The Schwarz group that owns

German discount supermarket chain Lidl plans to

invest 6.5 billion euros ($7.3 billion)in 2016, with part of

that going to sprucing up its...

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LPC: Dell's window wide open for EMC acquisition loan

NEW YORK, May 26 (Reuters) - Computer giant Dell's decision

to wait out months of extreme credit market volatility appears

to have paid off as it launched the biggest US syndicated term

loan since...

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LPC: Weak secondary market could rein in refinancing wave

NEW YORK, May 26 (Reuters) - A repricing wave has hit the

loan space as US borrowers attempt to lower the spread of their

existing term loans, though a weak secondary market signals that

not every...

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U.S. pending home sales jump to highest level since early 2006

WASHINGTON, May 26 (Reuters) - Contracts to buy previously

owned U.S. homes surged far more than expected in April to the

highest level in more than a decade, another sign the economy

has gained...

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Madoff victims may soon recoup another $247 million

May 26 (Reuters) - Nearly 7-1/2 years after Bernard Madoff's

Ponzi scheme was unmasked, the court-appointed trustee recouping

money for the swindler's victims on Thursday sought court

approval to...

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BRIEF-Cardinal Energy increases previously announced bought deal financing to $60.8 mln

* Has increased size of its previously announced public

offering to 6,500,000 common shares

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BRIEF-Crestwood Midstream increases aggregate maximum purchase for pending cash tender offers

* Amended terms to increase aggregate purchase price from

$250 million to $312 million, exclusive of accrued interest of

notes

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BRIEF-Hertz announces pricing of $1.235 bln of senior secured second priority notes

* Hertz Global Holdings announces pricing of $1.235 billion

of senior secured second priority notes by HERC Spinoff Escrow

issuers

Source text for Eikon:

Further company coverage:

(Bengaluru...

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UPDATE 1-Reformist deputy PM's wings clipped in new Turkish government

* Presidential agenda may crimp room for reform

(Adds market reaction, details)

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BRIEF-Sears Holdings on call - do not intend to borrow money to fund continued operating losses

* On call - do not intend to borrow money to fund continued

operating losses

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UPDATE 1-German yields nudge up as oil prices clear $50 a barrel

LONDON, May 26 (Reuters) - Europe's benchmark German bond

yield nudged up on Thursday as oil prices cleared $50 for the

first time in 2016 and raised the prospects of a future boost to

the bloc's...

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BRIEF-Sears Holdings expects to pursue other actions to improve liquidity

* In addition to previous actions taken to date in 2016,

expect to pursue other near-term actions to improve liquidity-

sec filing

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BRIEF-Renewable Energy Group to offer $125 mln of senior notes

* Intends to offer, $125 million aggregate principal amount

of convertible senior notes due 2036

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BRIEF-Perpetual Energy announces swap of $62.5 mln senior notes for Tourmaline Oil

* Swapped additional $62.5 million aggregate principal

amount of senior notes pursuant to previously announced

securities swap proposal

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GLOBAL MARKETS-Oil tops $50, lifts commodity stocks but Fed, China weigh

* European, Asian shares edge up; commodity stocks

outperform

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Wednesday, May 25, 2016

JGBs edge up as Tokyo shares trim gains, 40-year sale well received

TOKYO, May 26 (Reuters) - Japanese government bond prices

edged up on Thursday as a recent surge in Tokyo stocks flagged,

and as the market took heart after a 40-year debt auction

attracted ample...

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Japan 40-yr JGBs sale sets highest accepted yld at 0.4000 pct, a record low

TOKYO, May 26 (Reuters) - An auction of 40-year Japanese

government bonds on Thursday set a highest accepted yield of

0.4000 percent, with 36.7380 percent of the bids accepted at

that yield, the...

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S.Korea Q1 household credit growth accelerates, fastest since late 2006

SEOUL, May 26 (Reuters) - South Korea's household credit in

the March quarter rose at the fastest annual pace in nearly nine

years, central bank data showed on Wednesday, accelerating for a

seventh...

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Illinois House Democrats advance FY 2017 budget amid veto threat

SPRINGFIELD, Ill, May 25 (Reuters) - Illinois took another

step on Wednesday that is bound to lead nowhere in solving its

strangled finances, with the Democratic-led House approving a

new spending...

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California sells 11 pct of carbon permits offered at May auction

SAN FRANCISCO, May 25 (Reuters) - California sold just 11

percent of the carbon emission permits it offered at auction

last week, state environmental officials said on Wednesday, a

surprisingly poor...

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Coca-Cola hires for debut Kangaroo bond issue

SINGAPORE, May 26 (IFR) - The Coca-Cola Co, rated

Aa3/AA-/A+, has hired banks to manage its debut in the Kangaroo

bond market.

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BRIEF-Emerald Oil enters into purchase agreement with CL Energy

* Under terms of agreement, substantially all of assets

would be sold for approximately $73.0 million

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BRIEF-Moody's - China's authorities have tools to avert a financial crisis

* Moody's - China's authorities have the tools to avert a

financial crisis, but erosion of credit quality is likely over

the medium term

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GLOBAL MARKETS-Asian shares look set to advance, oil prices eye $50

TOKYO, May 26 (Reuters) - Asian shares look set to extend

their recovery from 12-week lows on Thursday after renewed

optimism on European banks' prospects and a rise in oil prices

to near $50 a...

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BRIEF-Bank of Montreal announced domestic public offering of $1.25 bln of subordinated notes

* Notes bear interest at a fixed rate of 3.32 per cent per

annum until june 1, 2021

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UPDATE 4-Puerto Rico rescue bill advances to full House vote

WASHINGTON, May 25 (Reuters) - U.S. lawmakers on Wednesday

backed a plan to help Puerto Rico escape crippling debt and

expand the economy, a move that could put a rescue before the

House of...

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CANADA FX DEBT-C$ firms on oil, less dovish than expected Bank of Canada

(Updates prices)

* Canadian dollar ended at C$1.3022, or 76.79 U.S. cents

* Loonie touched its strongest since May 19 at C$1.3015.

* Bond prices lower across the maturity curve

By...

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BRIEF-Brookfield Asset Management prices $500 mln notes offering

* Due to investor demand, size of offering was increased

from $350 million to $500 million

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BRIEF-Energy Leaders Plus Income Fund announces overnight offering

* Energy leaders plus income fund announces overnight

offering

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BRIEF-Wright Medical says issued $395 mln of senior notes due 2021

* On May 20, 2016, co issued $395 million aggregate

principal amount of 2.25% cash convertible senior notes due

2021- SEC filing

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UPDATE 1-MOVES-Credit Suisse names Patry vice chair of LevFin capital markets

NEW YORK, May 25 (Reuters) - Credit Suisse named Brent Patry

vice chairman, acquisition and leveraged finance capital

markets.

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UPDATE 1-Takata hires Lazard Ltd, seeks cash infusion

May 25 (Reuters) - Takata Corp hired investment

bank Lazard Ltd to lead efforts to help resolve financial issues

stemming from its record-setting recall of tens of millions of

faulty airbags, sources...

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BRIEF-Moody's: Chicago's new pension funding for laborer plan reduces insolvency risk

* Moody's: Chicago's new pension funding for laborer plan

reduces insolvency risk

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Mexico cenbank holds 2016 growth view, trims 2017 outlook

MEXICO CITY, May 25 (Reuters) - Mexico's central bank on

Wednesday maintained its 2016 economic growth forecast at

between 2.0-3.0 percent, but trimmed its view for 2017 slightly

to between 2.3-3.3...

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BMW invests in California-based mobile carpooling app

DETROIT, May 25 (Reuters) - BMW i Ventures, an arm

of the German automaker, said it has invested an undisclosed

amount in California-based Scoop Technologies, maker of a mobile

carpooling app called...

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TREASURIES-U.S. bond prices slip on stock gains, rate hike view

* U.S. to sell $34 bln 5-year notes after stellar 2-year

auction

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UPDATE 2-Euro zone hails "breakthrough" with Greece, IMF debt deal

* Greece to get 10.3 bln euros new cash, 7.5 bln of it in

June

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Poland's deficit in Jan-Apr at 20 pct of full-year plan

WARSAW, May 25 (Reuters) - Poland's budget deficit after the

first four months of the year stood at 11.1 billion zlotys ($2.8

billion), or 20.3 percent of the full-year plan, the Finance

Ministry...

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UPDATE 2-Russia talks up foreign interest in Eurobond, investors sceptical

* Russia accuses West of leaning on banks to abstain

(Adds details, quotes and context)

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BRIEF-Calatlantic Group announces proposed offering of $300 mln of senior notes

* Calatlantic Group Inc announces proposed offering of $300

million of senior notes

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Putin says pardoned Ukrainian Savchenko on "humanitarian considerations"

MOSCOW, May 25 (Reuters) - Russian President Vladimir Putin

said on Wednesday he had pardoned jailed Ukrainian pilot Nadiya

Savchenko on "humanitarian considerations" in the hope that her

release...

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Eurogroup deal on Greece a credit positive development - Moody's

LONDON, May 25 (Reuters) - A decision by euro zone finance

ministers to unlock further aid to Greece is a positive

development for the sovereign's creditworthiness, Moody's

ratings agency said on...

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China's economic planning body invites Citigroup to discuss foreign debt risks

SHANGHAI, May 25 (Reuters) - The National Development and

Reform Commission (NDRC), China's top economic planning agency,

recently invited Citigroup Inc for an exchange of views on

managing risks...

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BRIEF-Toro Oil & Gas says qtrly production rev rose to $2.1 mln

* Toro Oil & Gas Ltd announces first quarter 2016 financial

and operating results

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CEE MARKETS-Polish 10-year yield touches 3-week high on politics

* Polish politics, Fed, Brexit risk weigh on outlook of CEE

assets

* Poland holds government bond auction

By Sandor Peto and Bartosz Lada

BUDAPEST/WARSAW, May 25 (Reuters) - Poland's...

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Greek bond yields slide to six-month lows after breakthrough in debt talks

* Euro zone finance ministers offer to unlock aid, debt

relief

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Russian finance minister says Eurobond yield of 4.75 pct 'acceptable'

MOSCOW, May 25 (Reuters) - The 4.75 percent yield on

Russia's latest Eurobond is "acceptable" in current market

conditions, Finance Minister Anton Siluanov said on Wednesday.

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Pardoned Russians on way to prisoner swap for jailed Ukrainian Savchenko

MOSCOW, May 25 (Reuters) - Ukraine has pardoned the two

jailed Russians to be swapped for imprisoned Ukrainian pilot

Nadiya Savchenko, a source close to the prisoner exchange told

Reuters.

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Southern European bond yields fall sharply on Greek deal

LONDON, May 25 (Reuters) - Peripheral government bond yields

fell sharply on Wednesday after progress in Greek bailout talks

boosted sentiment towards riskier assets across the euro zone.

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Euro zone needs powerful finance minister: ECB's Villeroy

MADRID, May 25 (Reuters) - The euro zone needs to urgently

set up an institution to fully coordinate national fiscal and

structural policies, headed by a powerful finance minister with

a budget,...

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Tuesday, May 24, 2016

Property loans, the glass chin of China banks

* Big city home prices rising sharply, raising fears of

bubble

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GLOBAL MARKETS-Asian shares gain, dollar firm on Fed outlook

* Rising support for Europe in Britain helps pound, risk

appetite

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Euro zone hails "breakthrough" with Greece, IMF debt deal

* Greece to get 10.3 bln euros new cash, 7.5 bln of it in

June

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CORRECTED-U.S. regulator reviews growing FHLB short-term debt

May 24 (Reuters) - The U.S. regulator that oversees the

Federal Home Loan Bank system said on Tuesday it is reviewing

the mortgage finance agency's increased use of short-term

funding, which could be...

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UPDATE 3-Wells Fargo lowers financial targets, cuts energy loan exposure

May 24 (Reuters) - Wells Fargo & Co lowered two key

financial targets on Tuesday and said it was sharply cutting

exposure to troubled energy loans, signaling that tough times

for bank profits may...

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BRIEF-Franklin Covey says revolving line of credit raised to $30 mln

* Entered into fifth modification agreement to its existing

amended and restated secured credit agreement with Jpmorgan

Chase Bank, N.A.

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CORRECTED-UPDATE 3-U.S. swaps regulator approves rule closing cross-border loophole

WASHINGTON, May 24 (Reuters) - The U.S. derivatives

regulator on Tuesday said it had adopted a final rule on margins

for uncleared swaps that cross national boundaries, as it aims

to shield the...

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BRIEF-Viasat amends credit agreement to increase line of credit to $800 mln

* Entered second amendment to credit agreement and other

loan documents which amended the credit agreement, dated as of

November 26, 2013,

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UPDATE 2-U.S. refrains on Treasury trade disclosure -Treasury's Singh

NEW YORK, May 24 (Reuters) - The U.S. Treasury department

has no plans now to publicly disclose trading data on the $13

trillion Treasury debt market and will wait until it has the

data in hand to...

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UPDATE 1-U.S. Sen. Durbin cites problems with House Puerto Rico debt bill

WASHINGTON, May 24 (Reuters) - U.S. Senator Dick Durbin, the

chamber's second-ranking Democrat, expressed deep reservations

on Tuesday with a Puerto Rico debt relief bill being debated by

a House of...

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Foreign investors bought $1.3 bln of Russia Eurobond - source

MOSCOW, May 24 (Reuters) - Foreign investors bought around

$1.3 billion of the Eurobond that Russia placed on Tuesday, a

financial market source told Reuters.

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UPDATE 2-Monsanto rejects Bayer bid, but open to more talks

May 24 (Reuters) - Monsanto Co, the world's largest

seed company, turned down Bayer AG's $62 billion

acquisition bid as "incomplete and financially inadequate" on

Tuesday, but said it was open to...

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UPDATE 1-IMF and Bosnia agree new 550 million euro 3-year loan deal

SARAJEVO, May 24 (Reuters) - The International Monetary Fund

and Bosnia reached a long-awaited agreement on Tuesday on a new,

3-year 550 million euro ($613 million) loan arrangement with a

4-year...

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UPDATE 4-New Turkish cabinet reflects Erdogan's growing power

* Lira, stocks strengthen on relief no deeper changes

(Adds details on new government programme)

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IHeartMedia wins court ruling over stock transfer

WILMINGTON, Del, May 24 (Reuters) - Radio station owner

iHeartMedia Inc was permitted under its financing

agreements to contribute shares of Clear Channel Holdings Inc to

an affiliate, a Texas court...

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IMF and Bosnia agree new 550 million euro 3-year loan deal

Sarajevo, May 24 (Reuters) - The International Monetary Fund

and Bosnia reached a long-awaited agreement on Tuesday on new a

3-year 550 million euro loan arrangement with a 4-year grace

period, an...

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UPDATE 1-Strikes, protests notwithstanding, IMF prods France to reform

* Report comes as strikes against reform hit country

(Adds IMF quote, comment on strike, background)

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TREASURIES-U.S. bonds extend losses on robust home sales data

NEW YORK, May 24 (Reuters) - U.S. Treasury prices fell to

session lows on Tuesday as surprisingly strong data on domestic

new home sales in April supported the view the economy may be

strong enough...

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TREASURIES-U.S. 2-to-10-year yield gap tightest since 2007

NEW YORK, May 24 (Reuters) - The yield premium on U.S.

10-year Treasuries over two-year issues contracted on Tuesday to

its smallest level since late 2007 as traders increased bets the

Federal...

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BRIEF-Spirit AeroSystems says commences offer for outstanding 6 3/4% senior notes due 2020

* Spirit AeroSystems Holdings says its unit commenced an

offer to purchase $300 million outstanding principal amount of

its 6 3/4% senior notes due 2020

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HIGHLIGHTS-Euro zone ministers meet to discuss Greek debt

BRUSSELS, May 24 (Reuters) - Euro zone finance ministers

meet on Tuesday to discuss whether Greece has passed sufficient

reforms to unblock new loans and how international lenders might

grant Athens...

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BRIEF-Keyera closes $345 mln public offering of common shares

* Announces closing of $345 million public offering of

common shares including the over-allotment option

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

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BRIEF-OnDeck says expands lending options for small businesses in Canada

* Expansion of offerings for small business in canada to

include line of credit up to c$50,000, expanded term loan up to

c$250,000

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BRIEF-Dana launches $375 million senior notes offering

* Proposing to issue $375 million aggregate principal amount

of senior unsecured notes due 2026

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BRIEF-Exco Resources streamlines board with concentrated equity ownership

* Exco Resources, Inc. streamlines board of directors with

concentrated equity ownership

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BRIEF-U. S. Steel announces early tender date results of debt tender offers

* U. S. Steel announces early tender date results of debt

tender offers for up to a total of $500 million of its senior

notes

Source text for Eikon:

Further company coverage:

(Bengaluru...

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Demand for Russia's Eurobond amounts to around $6.3 bln - IFR

MOSCOW, May 24 (Reuters) - Investor demand for Russia's

10-year dollar-denominated Eurobond has amounted to around $6.3

billion, IFR reported on Tuesday.

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GLOBAL MARKETS-Shares climb as markets play Fed waiting game

LONDON, May 24 (Reuters) - Oil prices fell for a fifth

consecutive day on Tuesday and financial markets were volatile

as investors wait to see whether U.S. interest rates will be

raised next month.

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JGBs little changed, investors uncertain over fiscal policy

TOKYO, May 24 (Reuters) - Japanese government bond prices

were little changed on Monday, staying comfortably near the

middle of their recent trading ranges that partly reflected

investor uncertainty...

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Greek yields touch new six-month lows before Eurogroup meeting

LONDON, May 24 (Reuters) - Greek government bond yields

touched a six-month low on Tuesday before a meeting of European

finance ministers to review Greece's bailout and discuss the

potential for a...

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Monday, May 23, 2016

Debt repayments in crude cripple poorer oil producers

LONDON, May 24 (Reuters) - Poorer oil-producing countries

which took out loans to be repaid in oil when the price was

higher are having to send three times as much to respect

repayment schedules now...

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UPDATE 1-Hong Kong Exchange to work quickly to build a China bond connect scheme

HONG KONG, May 24 (Reuters) - The operator of Hong Kong's

stock exchange said on Tuesday it will "work very quickly" on a

plan to link bond markets in China with those in the Asia's

financial centre,...

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UPDATE 1-Brazil's new top diplomat shifts focus from ideology to trade

BRASILIA/BUENOS AIRES, May 23 (Reuters) - The arrival of a

tough-talking foreign minister in Brazil marks a move away from

ideologically-driven diplomacy that raised tensions with the

United States...

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BRIEF-Tri Pointe announces proposed offering of $300 mln of senior notes due 2021

* Says notes will pay interest semi-annually in arrears at a

rate of 4.875% per year

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GLOBAL MARKETS-Asian shares trade languidly, dollar edges up

TOKYO, May 24 (Reuters) - Asian shares were nearly flat in

early trading on Tuesday, while the dollar rebounded from steep

losses against the yen in the previous session.

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Fed may not shrink swollen portfolio to pre-crisis size -Harker

NEW YORK, May 23 (Reuters) - The Federal Reserve, which ran

up its balance sheet to nearly $4.5 trillion in recent years,

may not eventually shrink it to its pre-crisis size of about

$900 billion,...

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PRESS DIGEST- Financial Times - May 24

May 24 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

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UPDATE 1-Chesapeake swaps debt for equity for second time in May

May 23 (Reuters) - Chesapeake Energy Corp, the

second-largest U.S. natural gas producer, said on Monday it had

issued or agreed to issue about 5 percent of its outstanding

shares in exchange for debt...

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Fed's Harker adds to drumbeat of approaching U.S. rate hikes

PHILADELPHIA, May 23 (Reuters) - The Federal Reserve will

likely raise interest rates two or three times this year,

another top Fed official said on Monday, reinforcing the central

bank's message it...

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EMERGING MARKETS-Brazil currency drops on local political woes

(Updates with planning minister stepping down)

By Bruno Federowski

SAO PAULO, May 23 (Reuters) - Brazil's currency fell sharply

on Monday following the resignation of a high-ranking...

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BRIEF-Gogo prices $525 million senior secured notes offering

* Pricing of $525 million aggregate principal amount of 12%

senior secured notes due 2022

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BRIEF-Phaserx announces closing of initial public offering

* Phaserx announces closing of initial public offering

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

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BRIEF-Parsley Energy to offer class A common stock

* Says commenced an underwritten public offering of

8,000,000 shares of class a common stock

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Goldman Sachs banker flagged BHS suitor had history of bankruptcy

LONDON, May 23 (Reuters) - Retail tycoon Philip Green's

Arcadia group was warned by a senior Goldman Sachs banker

that a possible suitor of its BHS department store chain had a

history of bankruptcy,...

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UPDATE 2-Libor antitrust claims are revived in setback for banks

NEW YORK, May 23 (Reuters) - A U.S. appeals court on Monday

revived a civil lawsuit accusing major banks of conspiring to

manipulate the Libor benchmark interest rate, in a big setback

for their...

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BRIEF-S&P - Ares Capital Corp 'BBB' ratings placed on creditwatch negative following plan to acquire American Capital Ltd

* S&P On Ares Capital - Ares Capital Corp 'BBB' ratings

placed on creditwatch negative following plan to acquire

American Capital Ltd

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UPDATE 2-Bank of America wins reversal of $1.27 billion penalty in U.S. mortgage case

NEW YORK, May 23 (Reuters) - A U.S. appeals court on Monday

overturned a jury's finding that Bank of America Corp

was liable for mortgage fraud leading up to the 2008 financial

crisis, tossing a...

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UPDATE 2-France faults Bial and Biotrial over fatal drug trial

PARIS, May 23 (Reuters) - Portuguese drugmaker Bial and

French laboratory Biotrial are at fault "on several counts" for

a failed drug trial that left one person dead and five others

hospitalised in...

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Goldman sees 35 pct chance on U.S. rate hike in June

NEW YORK, May 23 (Reuters) - Goldman Sachs economists said

on Monday they estimated a 35 percent chance the Federal Reserve

would raise its target on the federal funds rate at its June

14-15 policy...

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UPDATE 1-RPT-IMF staff report says Greece needs revised fiscal, growth targets

WASHINGTON, May 23 (Reuters) - The International Monetary

Fund said on Monday that Greece's current budget surplus and

growth targets for its bailout program are unrealistically high

and should be...

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UPDATE 1-Turkey shifts to presidential system, even without constitutional change

* European parliament chief says Turkey faces one-man rule

(Adds Erdogan meeting with Merkel)

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IMF staff report says Greece needs revised fiscal, growth targets

WASHINGTON, May 23 (Reuters) - Greece's government could

meet the criteria for ongoing support from the International

Monetary Fund with revised targets for economic growth and for

its primary budget...

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Greece to get lenders' OK for new loans on Tuesday, but no debt relief yet

BRUSSELS, May 23 (Reuters) - After a six month delay, the

euro zone is likely to say on Tuesday that Greece has passed the

reforms needed to unblock 10 billion euros ($11.2 billion) in

new loans, but...

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UPDATE 3-Russia launches first Eurobond since sanctions imposed

* Demand at $3 bln - Reuters' IFR citing market source

(Recasts, adds new quotes)

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BRIEF-Tri Pointe announces proposed offering of $300 mln of senior notes due 2021

* Intends to use proceeds to repay approximately $275

million of borrowings under its $625 million unsecured revolving

credit facility

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BRIEF-Safe Bulkers to amend covenants to its credit facility

* To amend certain financial covenants to its existing

credit facility with an outstanding balance of $145.5 million

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BRIEF-Albertsons Companies LLC says intends to offer $1.250 bln senior notes due 2024

* Albertsons Companies LLC announces proposed senior notes

offering

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TREASURIES-U.S. bond prices hold gains after Fed Williams' remarks

NEW YORK, May 23 (Reuters) - U.S. Treasury prices clung to

their earlier gains on Monday as San Francisco Federal Reserve

President John Williams said it is "about right" to expect the

U.S. central...

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BRIEF-Milestone Scientific announces board approval of follow-on financing

* Group will invest an additional $1.7 to $2.0 million in a

private placement of unregistered common stock at $2.00 per

share

Source text for Eikon:

Further company coverage:

(Bengaluru...

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UPDATE 2-Leaving EU is "self-destruct option" for economy and jobs, British PM says

* Pro-Brexit camp dismisses forecast as biased

(Adds details from speech, quotes, background)

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Russia Eurobond may not be held through int'l clearing systems for now - prospectus

MOSCOW, May 23 (Reuters) - The Russian 10-year Eurobond

placed by the finance ministry may not be held through principal

international clearing systems until they determine eligibility

with respect...

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Many Croats won't wait around for promised business reforms

ZAGREB, May 23 (Reuters) - Like many Croats, Marino Rescek

is looking for work abroad after years of hoping that prospects

will improve at home have brought nothing but frustration, and

reforms that...

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South Africa's opposition says prosecutor's appeal in Zuma matter a "delaying tactic"

JOHANNESBURG, May 23 (Reuters) - South Africa's main

opposition party said on Monday the state prosecutor's decision

to appeal a High Court order that graft charges against

President Jacob Zuma be...

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Croatia offers for sale electrical concern Koncar and hoteliers

ZAGREB, May 23 (Reuters) - The Croatian privatisation agency

CERP invited investors on Monday to express interest in a stake

in electrical concern Koncar, part if a move to reduce

public debt.

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UPDATE 1-South Africa police says have no plans to arrest finmin Gordhan

JOHANNESBURG, May 23 (Reuters) - South Africa's elite Hawks

police unit has no plans to arrest Finance Minister Pravin

Gordhan as part of an investigation into a surveillance unit set

up by the...

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JGBs little changed, limited response to Aso's tax comments

TOKYO, May 23 (Reuters) - Japanese government bond prices

were little changed on Monday,

largely shrugging off comments from Finance Minister Taro Aso

that a planned sales tax hike would go ahead.

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Bayer CEO expects Monsanto to respond positively to deal proposal

FRANKFURT, May 23 (Reuters) - German drugs and pesticides

group Bayer said it was confident that Monsanto

would take a positive view of its $62 billion takeover

proposal.

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Sunday, May 22, 2016

GLOBAL MARKETS-Asian shares rise, but Japan down on weak data

* Nikkei skids, pressured by data, reports that tax will

proceed

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Brazil's new top diplomat shifts focus from ideology to trade

BRASILIA, May 23 (Reuters) - The arrival of a tough-talking

foreign minister in Brazil marks a move away from the

ideologically-driven diplomacy that raised tensions with the

United States in the...

Read more
Posted by at No comments:

GLOBAL MARKETS-Asian shares, dollar start week off on strong footing

TOKYO, May 23 (Reuters) - Asian shares rose on Monday after

a solid session on Wall Street, while the dollar held near

recent highs against major rivals as investors bet that the U.S.

Federal Reserve...

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PRESS DIGEST- British Business - May 23

May 23 (Reuters) - The following are the top stories on the

business pages of British newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

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PRESS DIGEST- Financial Times - May 23

May 23 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

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UPDATE 2-Greek parliament approves reforms in exchange for aid, debt relief

ATHENS, May 22 (Reuters) - Greek lawmakers approved tax

increases and a new privatisation fund on Sunday and freed up

the sale of non-performing loans in exchange for much-needed

bailout loans and...

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Britain risks year-long recession if votes for Brexit - Osborne

LONDON, May 23 (Reuters) - Britain could sink into a

year-long recession if it votes to leave the European Union,

finance minister George Osborne said in his latest attempt to

focus voters on the...

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Greek parliament approves bailout reforms before Eurogroup meeting

ATHENS, May 22 (Reuters) - Greek lawmakers approved on

Sunday a bill which increases tax, creates a new privatisation

fund and frees up the sale of non performing loans in exchange

for much-needed...

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UPDATE 4-Erdogan ally takes over as Turkish PM, vowing stronger presidency

* Fate of deputy PM Simsek a concern for markets

(Adds Erdogan quote)

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Creditors of Puerto Rico gov't bank revive lawsuit over debt moratorium

SAN JUAN, May 21 (Reuters) - Hedge funds who own debt at

Puerto Rico's Government Development Bank are accusing the bank

and the island's governor of giving preferential treatment to

local creditors...

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Saturday, May 21, 2016

Colombia's oil reserves fell in 2015 as price curbed activity

BOGOTA, May 21 (Reuters) - Colombia said its crude oil

reserves were down 13.2 percent to 2.0 billion barrels at the

end of last year, as a global price fall let to a cutting back

of activity.

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UPDATE 1-U.S., Japan disagreement on yen moves overshadows G7 meeting

* U.S. Lew says 'high bar' for yen to be considered

disorderly

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Germany's Schaeuble says economies need structural reforms

For highlights from briefings by finance leaders after the

conclusion of Group of Seven (G7) meetings on Saturday click on:

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BRIEF-Canada Finance Minister Morneau says expects fiscal impact of forest fires to be relatively modest

* Canada Finance Minister Morneau says expects fiscal impact

of forest fires to be relatively modest for federal government,

will be limited to this quarter

(Reporting by David Ljunggren)

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Friday, May 20, 2016

Peabody moves to end debt dispute in favor of unsecured creditors

CHICAGO, May 20 (Reuters) - Bankrupt coal producer Peabody

Energy Corp said in a court filing Friday it

believes its long-term debt should be included in its current

liabilities, a position that...

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CANADA FX DEBT-C$ weakens to a six-week low as retail sales, oil fall

* Canadian dollar at C$1.3125, or 76.19 U.S. cents

* Bond prices mixed across the maturity curve

(Adds details, quote, updates prices)

By Fergal Smith and Leah Schnurr

TORONTO/OTTAWA,...

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UPDATE 1-Brazil's 2016 fiscal shortfall could reach 170.5 bln reais

BRASILIA, May 20 (Reuters) - The Brazilian government budget

deficit prior to interest debt payments could reach a staggering

170.5 billion reais ($48.7 billion) in 2016, Finance Minister

Henrique...

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UPDATE 1-Avaya's private equity owners explore sale -sources

May 20 (Reuters) - Buyout firms Silver Lake Partners LP and

TPG Capital LP are considering a sale of telecommunications

equipment company Avaya Inc that could value it at between $6

billion and $10...

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Brazil's 2016 fiscal shortfall could reach 170.5 bln reais

BRASILIA, May 20 (Reuters) - The Brazilian government budget

deficit prior to interest debt payments could reach a staggering

170.5 billion reais ($48.7 billion) in 2016, Finance Minister

Henrique...

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Carlyle Group's credit executive Petrick to leave firm

May 20 (Reuters) - Carlyle Group LP said on Friday

that Mitch Petrick, who leads its credit investment business, is

stepping down from the firm.

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Brazil April fuel sales fall 4.9 pct to 70.42 mln barrels

RIO DE JANEIRO, May 20 (Reuters) - Brazilian fuel sales in

April fell 4.9 percent to 70.42 million barrels, the country's

petroleum regulator ANP said on Friday.

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Speculators trim short U.S. dollar bets for 2nd week -CFTC, Reuters

May 20 (Reuters) - Speculators pared back bets against the

U.S. dollar for a second straight week, as investors started

pricing in the possibility of an interest rate increase next

month.

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BRIEF-Moody's assigns AA3 to Pennsylvania's $991m 2016 go bonds 2016

* Moody's assigns AA3 to Pennsylvania's $991 mln 2016 GO

bonds 2016; outlook remains negative

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Brazil's Meirelles to announce key fiscal goal later on Friday

BRASILIA, May 20 (Reuters) - Brazilian Finance Minister

Henrique Meirelles will announce the government's 2016 budget

balance target at 1730 local time (2030 GMT) on Friday, his

press office said.

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GLOBAL MARKETS-Dollar cruises to third weekly gain, stocks bounce

NEW YORK, May 20 (Reuters) - Global equity markets rose on

Friday as investors took in stride the possibility the Federal

Reserve might hike interest rates in June, a notion that helped

U.S. bond...

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UPDATE 3-Rules for 'too big to fail' insurance firms coming soon-Fed official

WASHINGTON, May 20 (Reuters) - The Federal Reserve will soon

take up rules for insurance companies deemed "too big to fail"

intended to head off risks to U.S. financial stability, Fed

Governor Daniel...

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UPDATE 1-Nigeria's economy contracts 0.36 pct y/y in Q1

LAGOS, May 20 (Reuters) - Nigeria's gross domestic product

contracted by 0.36 percent in the first quarter of 2016 after

growing 3.96 percent in the same period last year, the head of

the Nigerian...

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Russia repays Soviet-era debt of $1.7 bln to Kuwait

MOSCOW, May 20 (Reuters) - Russia has repaid Soviet-era debt

to Kuwait of $1.72 billion, the Russian finance ministry said on

Friday.

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GLOBAL MARKETS-Dollar cruises to third weekly win, stocks bounce

NEW YORK, May 20 (Reuters) - Global equity markets rose on

Friday as investors took in stride growing expectations the

Federal Reserve will hike interest rates in June, a notion that

helped U.S. bond...

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Brazil denies suspending home subsidies, as policy signals blur

SAO PAULO, May 20 (Reuters) - Brazil's government denied

plans to suspend a popular housing subsidy on Friday, as the

cities minister became the latest member of interim President

Michel Temer's...

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UPDATE 1-U.S. existing home sales rise for second straight month, inventory still tight

* Supply increases from March, still 3.6 pct below last year

(Adds market reaction)

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LafargeHolcim drops 20-year as investors push back

LONDON, May 20 (IFR) - LafargeHolcim was forced to pull a

20-year tranche of a jumbo bond sale on Thursday due to lack of

demand, the latest sign of investor resistance in the heavily

supplied...

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BRIEF-Moody's says tax revenue growth for US states remains positive, but pace of growth will slow slightly in 2016

* Tax revenue growth for US states remains positive, but the

pace of growth will slow slightly in 2016

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REFILE-Argentina president vetoes bill to stop layoffs

BUENOS AIRES, May 20 (Reuters) - Argentina's President

Mauricio Macri on Friday made good on his threat to veto a bill

intended to prevent private and public sector layoffs, saying

that the law would...

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GLOBAL MARKETS-Dollar cruises to third weekly win, stocks bounce

* Sterling tops the list of major FX winners on fading

Brexit view

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BRIEF-Cemtrex withdraws form S-3 registration statement

* Cemtrex withdraws form s-3 registration statement,

maintains plan to pursue traditional financing in near future

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Bulgaria's reformist president says won't stand in October election

SOFIA, May 20 (Reuters) - Bulgaria's president will not run

for a second term in October's election, he said on Friday, just

days after he decided to challenge parliament's rejection of his

veto on a...

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EU's Moscovici says no "plan B" on Brexit, wants Britain inside united Europe

SENDAI, Japan, May 20 (Reuters) - European Union

Commissioner Pierre Moscovici said on Friday that policymakers

"have no plan B" to stabilise the pound in the event Britain

left the EU.

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UPDATE 1-German Bund yields set for biggest weekly rise in a month

LONDON, May 20 (Reuters) - German Bund yields were on track

for their biggest weekly rise in a month on Friday amid renewed

talk of a U.S. interest rate hike, but lack of conviction about

an imminent...

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EMERGING MARKETS-Fed hike prospects keep emerging markets lower

By Karin Strohecker

LONDON, May 20 (Reuters) - Emerging market assets edged

higher on Friday but currencies were softer over the week and

stocks on track for a fifth week in the red, weighed down...

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BRIEF-Cidara files for mixed shelf of up to $150 mln - SEC filing

* Files for mixed shelf of up to $150 million - sec filing

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

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Greek current account gap shrinks in March on lower trade deficit

ATHENS, May 20 (Reuters) - Greece's current account deficit

shrank in March from the same month a year earlier, helped by a

lower trade gap and a stronger income account surplus, the Bank

of Greece...

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China approves sweeping plan to clean up online finance industry -sources

BEIJING, May 20 (Reuters) - China's government has approved

a sweeping plan to clean up the country's online financial

sector, according to sources with direct knowledge of the

matter, including...

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Spain trade deficit falls 10.6 percent in March y/y - Econ Min

MADRID, May 20 (Reuters) - Spain's trade deficit fell 10.6

percent in March from a year earlier to 796 million euros ($893

million) as imports outstripped exports, the economy ministry

said on Friday.

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JGBs gain on U.S. Treasuries, yields off 3-week peak

TOKYO, May 20 (Reuters) - Japanese government bond prices

gained on Friday, tracking rises in U.S. Treasuries overnight as

spikes in their yields earlier this week had attracted buyers.

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Thursday, May 19, 2016

US Treasury's Lew, Japan finmin Aso to hold bilateral meeting Saturday

TOKYO, May 20 (Reuters) - U.S. Treasury Secretary Jack Lew

and Japanese Finance Minister Taro Aso will hold a bilateral

meeting Saturday on the sidelines of the Group of Seven finance

leaders'...

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U.S. Treasury's Lew urges flexibility on Greek debt talks

TOKYO, May 20 (Reuters) - U.S. Treasury Secretary Jack Lew

urged European policymakers to be flexible in talks with Greece

about how to place the country's sovereign debt on a more

sustainable path.

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S&P sees impact if Alaska unable to reach budget deal in special session

May 19 (Reuters) - Alaska may face pressure on its credit

rating if the legislature is unable to reach a budget deal that

includes fiscal reforms during its special session, Standard and

Poor's...

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GLOBAL MARKETS-Asian shares poised for weekly loss, Fed talk lifts dollar

* Fed's Dudley "quite pleased" markets increasing rate hike

bets

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BRIEF-S&P- Plurinational state of Bolivia 'BB/B' ratings affirmed; outlook remains stable

* Plurinational state of Bolivia 'BB/B' ratings affirmed;

outlook remains stable

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Mexico's Alfa recognizes Pacific investment as loss

MONTERREY, Mexico, May 19 (Reuters) - Mexican conglomerate

Alfa now considers its investment in Pacific Exploration &

Production a total loss after the Canadian hydrocarbons producer

reached a...

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UPDATE 1-Valeant gets notice of default from bondholders

May 19 (Reuters) - Beleaguered Canadian drugmaker Valeant

Pharmaceuticals International Inc said it

received a notice of default from bondholders for the delay in

filing its first-quarter report.

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HIGHLIGHTS-Interview with Canadian Prime Minister Trudeau

OTTAWA, May 19 (Reuters) - Canadian Prime Minister Justin

Trudeau suggested on Thursday that a C$30 billion budget deficit

was not a hard limit as the government's focus should be on

spurring...

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BRIEF-Tempur Sealy -pricing of upsized $600 mln senior notes offering

* Tempur Sealy International Inc says priced its offering of

$600 million aggregate principal amount of 5.500% senior notes

due 2026

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BRIEF-Valeant receives notice of default from bondholders

* Valeant Pharmaceuticals receives notice of default from

bondholders

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Argentina issues $443 million in local bonds

BUENOS AIRES, May 19 (Reuters) - Argentina issued on

Thursday $443 million in dollar-denominated 90-day and 180-day

treasury bonds, known locally as Letes, the Finance Ministry

said.

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UPDATE 2-ECB has no plan to cut deposit rate at present - Coeure

* Market's low inflation expectations "worrisome"

(Re-leads with Coeure; Adds Jazbec)

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GLOBAL MARKETS-Stocks weaken, dollar gains amid Fed hike talk

* NY Fed's Dudley points to possible increase in June or

July

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UPDATE 1-Statistics Canada says ending 20-second delay of economic data releases

OTTAWA, May 19 (Reuters) - Canada's federal statistics

agency said on Thursday it will end the 20-second delay it had

put in place on publishing economic data from media lockups,

saying it was...

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SunEdison bankruptcy loan hearing moved to Friday

NEW YORK, May 19 (Reuters) - A scheduled hearing on Thursday

in U.S. Bankruptcy Court for the Southern District of New York

on a $300 million bankruptcy loan for renewable energy company

SunEdison...

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GLOBAL MARKETS-Stocks weaken, dollar gains amid Fed hike talk

* NY Fed's Dudley points to possible increase in June or

July

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WRAPUP 2-Dudley joins chorus of Fed officials seeing rate hikes soon

NEW YORK, May 19 (Reuters) - The U.S. economy could be

strong enough to warrant an interest rate increase in June or

July, New York Federal Reserve President William Dudley said on

Thursday,...

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Petrobras reopens foreign debt markets for Brazilian corporates

NEW YORK, May 19 (IFR) - Oil firm Petrobras threw open the

door for Brazilian corporate issuance this week after printing a

US$6.75bn bond - the first domestic company to sell foreign debt

since June...

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UPDATE 1-Senate Banking committee approves two nominees to the SEC

WASHINGTON, May 19 (Reuters) - The U.S. Senate Banking

Committee on Thursday voted to approve nominees to fill the two

vacant spots on the Securities and Exchange Commission,

according to the highest...

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U.S. 10-year TIPS sold at lowest yield in over a year

NEW YORK, May 19 (Reuters) - The U.S. Treasury Department on

Thursday sold $11 billion of 10-year Treasury Inflation

Protected Securities at a yield of 0.275 percent, the lowest

level since an...

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Colombia swaps $1 bln in TES bonds to reduce 2017 financing needs

BOGOTA, May 19 (Reuters) - Colombia has swapped 3.2 trillion

pesos ($1 billion) in Treasury bonds, extending their due date

by three to seven years, in a bid to reduce financing needs for

2017, the...

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U.S. Treasury to sell $13 bln in floating rate notes

WASHINGTON, May 19 - For details of the U.S. Treasury's

auction of reopened 2-year floating rate notes next week, see:

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Euro 2016 soccer may raise beverage cans demand says Novelis CEO

HAMBURG, May 19 (Reuters) - Soccer's Euro 2016 could help raise demand for aluminium for beverage cans, as fans enjoy beer or soft drinks while watching their national teams, the head of Novelis, the...

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UPDATE 1-South Africa cbank keeps key rate unchanged, sees tepid growth

PRETORIA, May 19 (Reuters) - South Africa's Reserve Bank

left its benchmark repo rate unchanged at 7 percent on Thursday,

with the governor saying that moderating pressures to long term

inflation...

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Mexico cenbank was unanimous in rate hold-minutes

MEXICO CITY, May 19 (Reuters) - Mexican policymakers were

unanimous in their decision earlier this month to leave interest

rates on hold, but the majority worried global volatility could

spur a...

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BRIEF-Realty Income announces pricing of 6.5 mln share offering

* Realty Income announces pricing of 6.5 million share

common stock offering

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BRIEF-Repligen announces pricing of $100 mln of 2.125 pct convertible senior notes due 2021

* Repligen announces pricing of $100 million of 2.125 pct

convertible senior notes due 2021

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1 646 223 8780)

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BRIEF-Goldquest Mining Corp announces C$5 mln bought deal financing

* Underwriters have agreed to purchase 15,625,000 common

shares at a price of $0.32 per common share

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UPDATE 1-IMF deal to extend Iraq $5.4 bln loan at 1.5 pct, officials say

AMMAN, May 19 (Reuters) - Iraq has reached a $5.4 billion

standby agreement (SBA) with the International Monetary Fund

that could unlock $15 billion more in international assistance

over the next...

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BRIEF-Asanko Gold amends debt repayment schedule in preparation for Phase 2A investment decision

* Asanko gold amends debt repayment schedule in preparation

for phase 2A investment decision

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UPDATE 1-Bund yield hits two-week high as U.S. rate rise looks more likely

* Spain, France auction bonds

(Updates with auction results, prices)

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UPDATE 2-There won't be another Greek crisis, says German Fin Min

SENDAI, Japan, May 19 (Reuters) - German Finance Minister

Wolfgang Schaeuble said on Thursday he was confident there

would not be another crisis over Greece, which is seeking to

unlock aid from...

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UPDATE 1-Self storage REIT Sovran to buy LifeStorage for about $1.3 bln

May 19 (Reuters) - Real estate investment trust Sovran Self

Storage Inc said it had agreed to buy privately owned

self storage operator LifeStorage LP for about $1.3 billion in

cash to enter markets...

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GLOBAL MARKETS-Prospect of early U.S. rate hike boosts dollar, bashes bonds

LONDON, May 19 (Reuters) - Revived prospects of an early

U.S. interest rate rise, possibly as soon as June, lifted the

dollar to a near two-month high on Thursday and left bonds,

stocks, commodities...

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CEE MARKETS-Assets slip after Fed minutes, Romanian bond auction may be weak

* Forint, leu hit multimonth lows in overnight trade

* Expectations for Fed rate rise weigh on appetite

* Budgets, politics are a concern in Poland, Romania

By Sandor Peto and Radu-Sorin...

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German Bund yield jumps 4 basis points to two-week high

LONDON, May 19 (Reuters) - Germany's 10-year Bund yield

jumped to a two-week high on Thursday after minutes from the

U.S. Federal Reserve's April meeting fuelled talk of an interest

rate rise as...

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Bund yield hits 2-week highs as U.S. Fed minutes fuel talk of June hike

LONDON, May 19 (Reuters) - Germany's benchmark 10-year Bund

yield hit a two-week high on Thursday after minutes from the

U.S. Federal Reserve's last meeting rekindled talk of an

interest rate hike in...

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Wednesday, May 18, 2016

GLOBAL MARKETS-Stocks, gold fall as Fed keeps June hike in play; dlr up

HONG KONG, May 19 (Reuters) - Asian stocks fell and the U.S.

dollar stood tall on Thursday as markets scrambled to factor in

the possibility of another interest rate increase by the Federal

Reserve...

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Investors growing concerned about Turkey's new policy team

ISTANBUL, May 18 (Reuters) - With just days left until

Turkey is due to name a new cabinet, President Tayyip Erdogan's

advisers have renewed the call for lower interest rates - a

sign, some investors...

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China's desire for headline growth may hide longer-term risks - Moody's

HONG KONG, May 19 (Reuters) - China's desire to hold up

headline growth figures may increase longer-term risks for the

world's second-largest economy, ratings agency Moody's Investor

Services said on...

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GLOBAL MARKETS-Stocks, gold fall as U.S. hike back on the cards; dlr jumps

HONG KONG, May 19 (Reuters) - Asian stocks fell and the U.S.

dollar stood tall on Thursday as markets scrambled to factor in

the possibility of another interest rate increase by the Federal

Reserve...

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BRIEF-Allegheny Technologies agreed to sell $250.0 million aggregate principal of 4.75% convertible senior notes due 2022

* Agreed to sell $250.0 million aggregate principal amount

of 4.75% convertible senior notes due 2022

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Brazil's pension reform should set minimum retirement age -minister

BRASILIA, May 18 (Reuters) - Brazilian Finance Minister

Henrique Meirelles said on Wednesday that the upcoming pension

system reform should set a minimum age of requirement and be

valid for current...

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UPDATE 1-Brazil's primary deficit could reach 150 bln reais -minister

RIO DE JANEIRO, May 18 (Reuters) - Brazil's fiscal deficit

prior to debt interest payments could reach 150 billion reais

($42.10 billion) this year as revenues collapse amid a crippling

recession...

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UPDATE 1-Halcón reaches pact with creditors on prepackaged bankruptcy plan

May 18 (Reuters) - Halcón Resources Corp, which

produces oil in Texas and North Dakota, said on Wednesday it

plans to file for a prepackaged bankruptcy that would wipe out

$1.8 billion in debt and...

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BRIEF-Tetra Technologies extends expiration of tender offer

* A, due december 15, 2017 and 5.67% senior notes, series

2010-b, due december 15, 2020

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom +1-646-223-8780)

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BRIEF-Yum! brands to offer $4.6 billion in new debt

* New debt is intended to fund return of capital to

shareholders, repay borrowings under company's existing

revolving credit facility

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LATAM CLOSE-Two issuers tap primary market

NEW YORK, May 18 (IFR) - Below is a recap of primary

issuance activity in the LatAm market on Wednesday:

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GLOBAL MARKETS-Hawkish Fed sends U.S. dollar soaring; bank stocks rally

* Commodity prices weighed by stronger dollar

(Updates to U.S. market close)

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TREASURIES-Short-dated yields near 2-month highs after Fed minutes

* Fed minutes show most policymakers say June rate hike

appropriate

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Hedge fund Saba Capital pulls in fresh cash as returns climb in 2016

BOSTON, May 18 (Reuters) - Boaz Weinstein's hedge fund Saba

Capital has been pulling in new money this year even as many

rival investors are being asked to return cash to their clients.

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UPDATE 1-Fed signals interest rate hike firmly on the table for June

* Less concern about global financial and economic situation

(Adds market reaction)

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Mexico peso hits 3-month low, market expects more intervention

MEXICO CITY, May 18 (Reuters) - Mexico's peso slumped to a

three-month low on Wednesday, with the speed of its recent

tumble sparking speculation the central bank could soon

intervene to try and...

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UPDATE 1-N.Y. regulator subpoenas Lending Club over interest rates, fees-source

May 18 (Reuters) - New York state's financial regulator

subpoenaed Lending Club Corp on Wednesday over its

business practices related to interest rates and fees charged to

New Yorkers, a person...

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BRIEF-Klondike gold announces $1.2 mln private placement

* Placement will consist of sale of units at $0.30 per unit,

with each unit consisting of one share,one half of share

purchase warrant

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Investors growing concerned about Turkey's new policy team

ISTANBUL, May 18 (Reuters) - With just days left until

Turkey is due to name a new cabinet, President Tayyip Erdogan's

advisers have renewed the call for lower interest rates - a

sign, some investors...

Read more
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GLOBAL MARKETS-US dollar up on hawkish Fed view; banks boost stock indices

* Treasury yields at multi-week highs

(Updates with U.S. markets, changes comments, dateline from

previous LONDON)

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UPDATE 2-Euro zone yields rise with reviving U.S. rate hike prospects

* Germany sells 10-year bonds, Italy issues new linker

(Updates prices, adds quote)

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UPDATE 1-Puerto Rico declares state of emergency for highway authority

SAN JUAN, May 18 (Reuters) - Puerto Rico's governor on

Wednesday declared a state of emergency at the U.S. territory's

highway authority, an effort to keep the agency functioning by

directing...

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Saudi's Binladin secures bank loan to ease finance crunch -sources

RIYADH/DUBAI, May 18 (Reuters) - Construction firm Saudi

Binladin Group has secured a 2.5 billion riyal ($667 million)

loan from local banks to ease its financial pressures, banking

sources aware of...

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BRIEF-Bank of Canada to auction C$1.5 bln of 18-day T-bills on May 19

May 18 (Reuters) - Bank of Canada to auction C$1.5 billion

of 18-day T-bills on May 19.

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Brazil's new gov't sees primary deficit around 160 bln reais

RIO DE JANEIRO, May 18 (Reuters) - Brazil's new interim

government estimates that its primary budget deficit could hit

160 billion reais ($45 billion) this year, including eventual

losses from state...

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UPDATE 3-Citing election, EU puts off punishing Spain and Portugal over deficits

BRUSSELS, May 18 (Reuters) - The European Commission on

Wednesday put off any disciplinary action against Spain and

Portugal for busting their budgets until after the Spanish

general election on June...

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CANADA FX DEBT-C$ weakens as wildfire threatens oil sands facilities

* Canadian dollar at C$1.2977, or 77.06 U.S. cents

* Bond prices slightly lower across the maturity curve

TORONTO, May 18 (Reuters) - The Canadian dollar weakened

against its broadly firmer...

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Ukraine sets $522 mln starting price for OPP privatisation

KIEV, May 18 (Reuters) - Ukraine has set a starting price of

13.175 billion hryvnia ($522 million) for the auction of

state-owned fertiliser producer Odessa Portside Plant (OPP), the

head of the...

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EU says Spain, Portugal must cut deficits

BRUSSELS, May 18 (Reuters) - The European Commission

recommended on Wednesday that Spain and Portugal reduce their

excessive budget deficits during this year and next, adding it

would review the...

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BRIEF-Aveo Pharmaceuticals announces closing of private placement and amended term loan

* Announces closing of private placement and amended term

loan to fund pivotal Tivo 3 trial and combination PD-1 trial of

tivozanib in renal cell cancer

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BRIEF-Spanish bank bad loans 10.0 pct of total credit in March

* Says Spanish bank non-performing loans stood at 10.0

percent of total credit in March, marginally down from 10.1

percent in February.

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Spain's public debt rises 14 billion euros in March

MADRID, May 18 (Reuters) - Spanish public debt rose to 1.1

trillion euros ($1.2 trillion) in March, 14 billion euros higher

than that recorded a month earlier, the Bank of Spain said on

Wednesday.

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Euro zone bond yields creep higher as U.S. rate jitters weigh

LONDON, May 18 (Reuters) - Euro zone government bond yields

rose on Wednesday, lifted by a rise in U.S. Treasury yields

after data and hawkish comments from Federal Reserve officials

boosted...

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UPDATE 1-Macau casinos face growing bad debts as VIP punters step back

* Casinos switch focus from VIP punters to low spend

gamblers

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JGBs edge down, BOJ purchases underpin sentiment

TOKYO, May 18 (Reuters) - Japanese government bonds edged

down on Wednesday, largely shrugging off a better-than-expected

gross domestic product report, while the Bank of Japan's

purchases...

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Tuesday, May 17, 2016

PRESS DIGEST- New York Times business news - May 18

May 18 (Reuters) - The following are the top stories on the

New York Times business pages. Reuters has not verified these

stories and does not vouch for their accuracy.

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FOREX-Yen gains after upbeat Japan GDP pares stimulus bets

TOKYO, May 18 (Reuters) - The yen gained against the dollar

and the euro on Wednesday, after data showed Japan's economy

expanded at the fastest pace in a year in the first quarter and

some investors...

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UPDATE 1-Goldman may exit Australian equities, fixed income - source

* Options include sale to third party, management buyout

(Adds details on sale plans, industry context)

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Goldman Sachs looks to sell Australian equities, fixed income businesses - source

SYDNEY, May 18 (Reuters) - Goldman Sachs is

considering the sale of its Australian equities and fixed income

businesses, a source familiar with the matter said on Wednesday.

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BRIEF-Cominar announces offering of $225 mln of series 10 senior unsecured debentures

* Debentures will be issued at a price of $1,000 per $1,000

principal amount of debentures

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GLOBAL MARKETS-Revived Fed hike expectations send Asian shares lower

* Fed fund futures price in 50 pct chance of rate hike by

Sept

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Petrobras to appoint Parente CEO as early as Friday, sources say

SAO PAULO/BRASILIA, May 17 (Reuters) - State-controlled

Petróleo Brasileiro SA plans to appoint former

presidential chief of staff Pedro Parente as chief executive

officer, as interim Brazilian...

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Macau casinos face growing bad debts as VIP punters step back

Macau, May 18 (Reuters) - Casinos in Macau face a growing

volume of bad debt provisions, further hitting earnings in the

world's largest gambling hub at a time when high-roller VIP

punters are...

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BRIEF-Spirit Aerosystems Holdings Inc files for potential debt shelf, size not disclosed - SEC filing

* Spirit Aerosystems Holdings Inc files for potential debt shelf, size not

disclosed - SEC filing

Source - (http://bit.ly/1qs28Bu)

Further company coverage:

(Bengaluru Newsroom: +1 646 223 8780)

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BRIEF-Trilogy Energy amends credit facility to re-determine borrowing base to $300 mln

* Maturity date has been extended from April 30, 2017 to

April 30, 2018

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BRIEF-Kingstone says proposed sale of 595,238 shares by selling stockholders

* Says proposed sale of 595,238 shares of common stock by

selling stockholders - SEC filing

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1 646 223 8780)

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Domestic flights in Nigeria disrupted by fuel shortage -aviation authority

LAGOS, May 17 (Reuters) - Fuel shortages have caused an

increase in cancellations and delays to internal flights in

Nigeria over the last few days, a spokesman for the aviation

authority said on...

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Michigan projects lower revenue amid Flint, Detroit money push

May 17 (Reuters) - Michigan lowered its revenue estimates

for the current and next fiscal year by $333 million on Tuesday,

but Governor Rick Snyder's administration said it will continue

to push for...

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BRIEF-Boeing files for senior notes offering of $1.2 bln

* Notes offering consists of $400 million of 1.875% senior

notes due 2023, $400 million of 2.250% senior notes due 2026

and $400 million of 3.375% senior notes due 2046

Source text...

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Fed's Kaplan's sees U.S. rate hike in 'not too distant future'

WASHINGTON, May 17 (Reuters) - Dallas Federal Reserve Bank

President Robert Kaplan said on Tuesday that the U.S. economy is

strong enough to justify an interest-rate hike in the "not too

distant...

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BRIEF-Fitch - China leads growth in Asia mutual-funds market

* Fitch on Mutual-Funds Market - Believe there is still a

long way to go before a pan-Asia framework, similar to European

UCITS, takes shape

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Samson Resources' banks to gain ownership in new bankruptcy plan

May 17 (Reuters) - Samson Resources Corp, one of the largest

energy companies to file for bankruptcy in the commodity

downturn, proposed a new Chapter 11 exit plan on Tuesday that

would swap...

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Order books for Petrobras bond near US$20bn - lead

NEW YORK, May 17 (IFR) - Books on Petrobras's bond were

nearing US$20bn on Tuesday as the state-owned oil company

approached investors with the first international deal from a

Brazilian corporate...

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TREASURIES-Yields little moved as investors unimpressed by U.S. data

* 10-year, 30-year yields slip, flattening yield curve

(Recasts with new data, adds quotes, updates prices)

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BRIEF-Alpha Natural Resources says Vantage Energy named successful bidder for Pennsylvania Land Resources' natural gas assets

* Vantage Energy's qualified bid of $339.5 million announced

as winner for Pennsylvania Land Resources' natural gas assets

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EIB sees no risk to its lending in Poland

WARSAW, May 17 (Reuters) - European Investment Bank (EIB)

plans to maintain its 2016 lending for Poland at last year's

level of 5.5 billion euros ($6.2 billion), despite Moody's

decision to cut its...

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BRIEF-Nasdaq Inc prices EUR600 mln senior notes offering

* Priced a public offering of EUR 600 million aggregate

principal amount of euro-denominated 1.75 pct senior notes due

2023

Source text for Eikon:

Further company coverage:

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UPDATE 2-Petrobras to sell new bonds, repurchase up to $3 bln in debt

SAO PAULO, May 17 (Reuters) - State-controlled Petróleo

Brasileiro SA plans to sell five- and 10-year dollar-denominated

bonds as early as Tuesday, the first global offering of bonds by

any Brazilian...

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Euro zone ministers to seek Greek reform, debt deal on May 24

BRUSSELS, May 17 (Reuters) - Euro zone finance ministers

will seek to clinch a deal with Greece next Tuesday on a package

of contingency steps to ensure Athens will meet future fiscal

targets as well...

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Armenia c.bank cuts refinancing rate to 7.75 pct from 8.25 pct

YEREVAN, May 17 (Reuters) - Armenia's central bank said on

Tuesday it had decided to cut its refinancing rate to 7.75

percent from 8.25 percent.

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UPDATE 1-Brazil gov't names Itau economist Goldfajn as central bank chief

SAO PAULO, May 17 (Reuters) - Ilan Goldfajn, chief economist

of Itau Unibanco Holding SA, will replace Alexandre

Tombini as Brazil's central bank governor, Finance Minister

Henrique Meirelles...

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Brexit fears drive funds' UK equity holdings to 7-1/2-year low -BAML

LONDON, May 17 (Reuters) - Investors have slashed holdings

of UK equities to the lowest level since November 2008 on fear

Britons will vote next month to leave the European Union, a

monthly survey by...

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Brazil names Itau economist Goldfajn as central bank chief

SAO PAULO, May 17 (Reuters) - Ilan Goldfajn, chief economist

of Itau Unibanco Holding SA, will replace Alexandre

Tombini as Brazil's central bank governor, Finance Minister

Henrique Meirelles...

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BRIEF-Cyren Q1 non-gaap loss per share $0.05

* Revenues for Q1 of 2016 were $7.4 million , compared to

$7.0 million for Q1 of 2015

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BRIEF-Newpark Resources files for mixed shelf of up to $200 mln

* Files for mixed shelf of up to $200 million - sec filing

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

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Euro zone trade surplus higher than expected in March

BRUSSELS, May 17 (Reuters) - The European Union's statistics office Eurostat released the following data on the

external trade balance of the 19-countries sharing the euro in March.

Economists...

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EMERGING MARKETS-Naira near record low in NDF market; oil buoys emerging stocks

LONDON, May 17 (Reuters) - Nigeria's naira traded just off

record lows versus the dollar in the non-deliverable forwards

market on Tuesday, with markets betting that a devaluation to

tackle a...

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Alpha, Eurobank, KKR set up vehicle for troubled Greek company loans

ATHENS, May 17 (Reuters) - Greece's Alpha Bank and

Eurobank will transfer some troubled credit in large

Greek companies to a platform set up with U.S. private equity

firm KKR, as part of efforts to...

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Russian FinMin on dividends: state firms may raise debt to finance projects

MOSCOW, May 17 (Reuters) - Russian Finance Minister Anton

Siluanov said on Tuesday that state firms may use borrowing to

finance their investment programmes and to be able to pay the

state 50 percent...

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German bond yields rise as oil strikes seven-month peak

LONDON, May 17 (Reuters) - German bond yields edged up as

oil struck a seven-month high on Tuesday, giving a boost to

inflation that analysts expect to see evidenced in data from the

world's largest...

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UK competition watchdog unveils measures to improve banking competition

LONDON, May 17 (Reuters) - Britain's biggest banks will have

to cap unauthorised overdraft fees and join a price-comparison

website to give customers better service, Britain's competition

watchdog...

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Monday, May 16, 2016

UPDATE 1-From car parts to condos, faltering Thailand lures Chinese money

* Thailand attracting Chinese solar, rubber, auto parts

firms

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PRESS DIGEST - Wall Street Journal - May 17

May 17 (Reuters) - The following are the top stories in the

Wall Street Journal. Reuters has not verified these stories and

does not vouch for their accuracy.

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JGBs dip on buoyant Tokyo stocks, new 5-year bonds well received

TOKYO, May 17 (Reuters) - Japanese government bond prices

dipped on Tuesday as buoyant Tokyo stocks and an overnight

retreat by U.S. Treasuries put safe-haven debt under mild

pressure.

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Dex Media, SuperMedia file for bankruptcy for third time

May 17 (Reuters) - Directories publishers Dex Media Inc

and SuperMedia Inc filed for voluntary Chapter 11

bankruptcy protection in a Delaware court on Monday.

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GLOBAL MARKETS-Asian shares recover after Apple, oil boost Wall St

* Apple shares halt slide after Buffett's ownership

disclosure

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Former Bunge Brasil CEO Parente picked to run Petrobras - O Globo

BRASILIA, May 16 (Reuters) - Brazil's interim President

Michel Temer has decided to appoint engineer and former Bunge

executive Pedro Parente to be chief executive of ailing

state-run oil company...

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UPDATE 1-Lending Club under probe by U.S. Justice Dept, receives subpoena

May 16 (Reuters) - The U.S. Department of Justice has opened

an investigation of Lending Club Corp, the online lender

whose chief executive, Renaud Laplanche, was forced out last

week after an...

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Chinese investment in U.S. real estate tops $300 billion -study

NEW YORK, May 16 (Reuters) - Chinese investment in the U.S.

real estate market has surpassed $300 billion and is growing

despite China's economic weakness and increased currency

controls, the authors...

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UPDATE 1-G7 to discuss currencies, Japan seeks FX stability - Finmin Aso

* Aso: hard to win Germany, Britain over on fiscal stimulus

(Adds quote, detail)

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