Wednesday, November 30, 2016

PRESS DIGEST - Wall Street Journal - Dec 1

Dec 1 (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 slip, taking cue from stronger stocks

TOKYO, Dec 1 (Reuters) - Japanese government bonds mostly

slipped on Thursday, taking their cue from stronger stocks after

OPEC agreed to cut crude output for the first time since 2008 to

support oil...

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CORRECTED-UPDATE 1-China sets new rules on overseas yuan loans in battle to curb outflows - sources

SHANGHAI, Dec 1 (Reuters) - China's central bank has

circulated new rules for companies which make yuan-denominated

loans to overseas entities, sources with direct knowledge of the

matter said, the...

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UPDATE 2-China sets new rules on overseas yuan loans in battle to curb outflows - sources

SHANGHAI, Dec 1 (Reuters) - China's central bank has

circulated new rules for companies which make yuan-denominated

loans to overseas entities, sources with direct knowledge of the

matter said, the...

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ADB's Nakao: don't expect Fed policy to have lasting impact on capital flows

TOKYO, Dec 1 (Reuters) - Asian Development Bank President

Takehiko Nakao said on Thursday he does not think U.S. Federal

Reserve policy will have a lasting impact on capital flows

between emerging...

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China sets new rules on overseas yuan loans in fight to curb outflows - sources

SHANGHAI, Dec 1 (Reuters) - China's central bank has

circulated new rules for companies which make yuan-denominated

loans to overseas entities, sources with direct knowledge of the

matter said, the...

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BRIEF-Cemex says it has prepaid $373 mln corresponding to Sept. 2017 amortization

* Says has prepaid $373 million corresponding to September

2017 amortization under facilities agreement dated Sept 29, 2014

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PRESS DIGEST- British Business - Dec 1

Dec 1 (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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EMERGING MARKETS-Latin American stocks, currencies jump on oil rally

(Recasts; adds closing figures throughout)

By Bruno Federowski

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

currencies largely rose on Wednesday, with a rally in crude

prices and...

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GLOBAL MARKETS-Oil, dollar and bond yields sharply higher after OPEC deal

* Bond rout continues as oil rally stokes inflation

expectations

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UPDATE 3-U.S. should cede control of Fannie and Freddie -Mnuchin

NEW YORK/WASHINGTON, Nov 30 (Reuters) - U.S. President-elect

Trump's nominee for Treasury Secretary, Steven Mnuchin, on

Wednesday waded into the long-running battle over the future

control of Fannie...

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UPDATE 2-Cohen's SAC Capital in $135 mln settlement with Elan investors

NEW YORK, Nov 30 (Reuters) - Billionaire Steven A. Cohen's

former hedge fund SAC Capital Advisors LP will pay $135 million

to settle a lawsuit by investors in the drugmaker Elan Corp, who

said they...

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BRIEF-Chesswood announces expansion and renewal of bank credit facility

* Chesswood announces expansion and renewal of bank credit

facility

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BRIEF-Allegiant Travel announces pricing of reopening of 5.50% senior notes due 2019

* Allegiant Travel Company announces the pricing of the

reopening of its 5.50% senior notes due 2019

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BRIEF-Acadia Healthcare entered into refinancing facilities amendment to its credit agreement

* Acadia Healthcare Company - entered into refinancing

facilities amendment to its amended and restated credit

agreement dated as of December 31, 2012

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BRIEF-Rexnord says announces public offering of mandatory convertible preferred stock

* Rexnord announces public offering of mandatory convertible

preferred stock

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Brazil cuts interest rate to 13.75 pct, as expected

BRASILIA, Nov 30 (Reuters) - Brazil's central bank cut

interest rates by 25 basis points on Wednesday as expected,

continuing a moderate easing cycle despite a deepening recession

that could drag...

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BRIEF-IBI Group announces redemption of 6.00% convertible unsecured subordinated debentures due June 30, 2018

* IBI Group Inc. Announces redemption of 6.00% convertible

unsecured subordinated debentures due June 30, 2018

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Fed says U.S. wage and price gains still modest; activity mixed

WASHINGTON, Nov 30 (Reuters) - The U.S. economy continued to

expand in October and November, the Federal Reserve said on

Wednesday, but there were only modest gains in wages and prices

and the strong...

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RPT-U.S. Republicans aim to coax Trump toward House trade tax plan

WASHINGTON, Nov 30 (Reuters) - Republicans in the U.S.

Congress hope to convince President-elect Donald Trump to

support an untested strategy of using the tax code to promote

exports while slashing...

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BRIEF-Performance Sports Group receives court approval of the "stalking horse" purchase agreement

* Performance Sports Group receives court approval of the

"stalking horse" purchase agreement, bidding procedures and U.S.

$386 million in new DIP financing

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UPDATE 1-U.S. mortgage activity falls to lowest since January -MBA

* U.S. 30-year mortgage rates rise to highest since July

2015

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CANADA FX DEBT-C$ posts 3-week high as oil surges

* Canadian dollar at C$1.3405, or 74.60 U.S. cents

* Loonie touches strongest since Nov. 9 at C$1.3357

* Bond prices lower across a steeper yield curve

By Fergal Smith

TORONTO, Nov...

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EMERGING MARKETS-Brazil stocks rise as oil rally boosts Petrobras

By Bruno Federowski

SAO PAULO, Nov 30 (Reuters) - Brazilian stocks rose on

Wednesday as a rally in crude prices lifted shares of

state-controlled oil company Petrobras to their biggest daily

gain...

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WRAPUP 2-Brazil likely to avoid hefty rate cut despite deepening recession

BRASILIA, Nov 30 (Reuters) - Brazil's central bank is

expected to maintain its moderate pace of interest rate cuts

later on Wednesday despite a sharp economic contraction in the

third quarter that...

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Fannie, Freddie need to get out of government ownership -Mnuchin

Nov 30 (Reuters) - U.S.-owned mortgage finance companies

Fannie Mae and Freddie Mac need to get out of government

ownership, Treasury Secretary nominee Steven Mnuchin said on

Wednesday.

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UPDATE 1-Trump's Treasury pick targets taxes, trade reforms -CNBC

WASHINGTON, Nov 30 (Reuters) - President-elect Donald

Trump's pick for U.S. Treasury secretary, Steven Mnuchin, said

on Wednesday the administration would target tax reform and

trade pact overhauls...

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French probe on Muddy Waters/Casino spat seen lasting few more months

PARIS, Nov 30 (Reuters) - France's AMF stock market watchdog

is in the midst of a formal investigation into criticism made by

U.S. research firm Muddy Waters against French retailer Casino

which...

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BRIEF-Ocular Therapeutix entered into a controlled equity offering sales agreement

* On Nov 29, co entered into a controlled equity offering

sales agreement - SEC filing

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Poland's investment declines at fastest pace in 6 years

* Q3 GDP confirmed at 2.5 pct y/y, 0.2 pct q/q

* Investment down 7.7 pct y/y, biggest fall in six years

* Lower inflows of EU funds put lid on investment

* Analysts say uncertainty also...

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CEE MARKETS-Zloty weakens as Poland cuts GDP forecast

* Polish 2016 GDP growth forecast cut to 2.5-3 pct

* Zloty eases slightly vs forint,

* Equities markets mostly higher

* KGHM underperforms Warsaw index after mine accident

By Sandor...

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GLOBAL MARKETS-Oil soars on OPEC hopes, dollar renews its surge

LONDON, Nov 30 (Reuters) - Oil jumped more than 6 percent

and the dollar, U.S. bond yields and stocks all pushed higher on

Wednesday as signals from OPEC suggested the group was closing

in on a deal...

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EMERGING MARKETS-Emerging assets set for monthly loss; China liquidity fears weigh

LONDON, Nov 30 (Reuters) - Emerging stocks rose marginally

on Wednesday but were headed for their biggest monthly fall

since January, while currencies wilting under a fresh onslaught

from the dollar...

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UPDATE 1-RBS fails Bank of England stress test, must bolster capital

* Health check is toughest yet test of banks' resilience

(Adds RBS action plan, analyst comment)

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Bank of England's Carney says Trump trade stance could slow growth

LONDON, Nov 30 (Reuters) - U.S President-elect Donald Trump

could aggravate a slowdown in world trade which would hurt

Britain's economy, Bank of England Governor Mark Carney said on

Wednesday.

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JGBs edge down slightly; 10-year sale awaited

TOKYO, Nov 30 (Reuters) - Japanese government bonds edged

down on Wednesday as investors positioned for the next session's

10-year sale.

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Tuesday, November 29, 2016

Brazil likely to avoid hefty rate cut amid market uncertainty

BRASILIA, Nov 30 (Reuters) - Brazil's central bank is widely

expected to keep its moderate pace of interest rate cuts on

Wednesday due to growing political and market uncertainty

clouding the path to...

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UPDATE 1-Dowling becomes rare nonprofit college to file for bankruptcy

WILMINGTON, Del., Nov 29 (Reuters) - Dowling College became

a rare nonprofit college to file for bankruptcy on Tuesday after

the liberal arts school near New York lost its academic

accreditation in...

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China commodities, stocks slide as weak yuan spurs fears of liquidity squeeze

SHANGHAI, Nov 30 (Reuters) - China's stock markets fell and

commodities prices plunged on Wednesday as government efforts to

steady the sliding yuan currency and curb capital outflows added

to fears...

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MOVES-Trump's likely pick for Commerce Sec. Ross familiar face in loan market

NEW YORK, Nov 29 (TRLPC) - President-elect Donald Trump's

expected pick for Commerce Secretary Wilbur Ross, the distressed

investor and billionaire financier, is a familiar face to

long-time...

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UPDATE 2-Trump expected to name former Goldman banker Mnuchin for Treasury - source

WASHINGTON, Nov 29 (Reuters) - President-elect Donald Trump

is expected to name former Goldman Sachs partner and

Hollywood financier Steven Mnuchin as his nominee for Treasury

secretary, a source...

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BRIEF-Time Warner says priced $1.5 billion underwritten public offering

* Says priced $1.5 billion underwritten public offering of

3.80% senior notes due 2027 at price equal to 99.615% of their

face amount

Source text for Eikon:

Further company coverage:

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UPDATE 1-Trump to keep about 1,000 factory jobs in United's Carrier plant

Nov 29 (Reuters) - United Technologies Corp has

reached a deal with President-elect Donald Trump and vice

president-elect Mike Pence to keep about 1,000 jobs in its

Carrier plant in Indianapolis,...

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Brazil Senate approves spending cap in first-round vote

BRASILIA, Nov 29 (Reuters) - Brazil's Senate on Tuesday

approved a drastic ceiling on federal spending in a first-round

vote that hands a timely victory to President Michel Temer who

is struggling to...

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GLOBAL MARKETS-Asia stocks edge up on U.S. growth data cues; dollar steady

HONG KONG, Nov 30 (Reuters) - Asian stocks edged higher on

Wednesday reflecting upbeat U.S. growth news while oil steadied

after a sharp drop overnight as OPEC struggled to agree on a

glut-draining...

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BRIEF-Ameren Illinois announces pricing of senior secured notes offering

* Ameren Illinois announces pricing of senior secured notes

offering

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BRIEF-Tesoro Logistics says announces pricing of $750 mln of senior notes

* Tesoro logistics lp announces pricing of $750 million of

senior notes

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BRIEF-Transocean Ltd says unit has priced an offering of senior secured notes

* On Nov 29, announced that Transocean Proteus Limited, its

wholly-owned indirect unit, has priced an offering of senior

secured notes

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UPDATE 3-Trump to nominate Elaine Chao for transportation post -source

WASHINGTON, Nov 29 (Reuters) - President-elect Donald Trump

plans to nominate former Labor Secretary Elaine Chao to head the

Transportation Department, a source with knowledge of the

decision said on...

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BRIEF-Atlanticus Holdings says co & unit entered into second amendment to loan, security agreement

* Atlanticus Holdings Corp says on Nov 22, 2016 co & unit

entered into second amendment to loan and security agreement-SEC

filing

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LATAM CLOSE-No deals price in LatAm primary market

* Brazil jobless rate steady as workers leave market

* Fitch sees EM downgrades slowing after record 2016

* Vale CFO says LM ops will refinance 2018 maturities

By Mike Gambale

NEW...

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BRIEF-Moody's assigns AA3 to Connecticut GO bonds outlook negative

* Moody's assigns AA3 to Connecticut GO bonds; outlook

negative

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BRIEF-Mannatech on Nov 22 entered into supply agreement with Natural Aloe de Costa Rica, S.A. - SEC filing

* On Nov 22, Co entered into supply agreement with Natural

Aloe de Costa Rica, S.A. effective as of Nov 22 - SEC filing

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British Columbia lifts 2016-17 budget surplus forecast

Nov 29 (Reuters) - British Columbia expects a 2016-17 budget

surplus of C$2.24 billion ($1.67 billion), up from C$1.9 billion

it had forecast in September, helped by stronger-than-expected

revenue,...

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Case for rate hike 'clearly strengthened' this month -Fed's Powell

Nov 29 (Reuters) - The case for raising U.S. interest rates

has "clearly strengthened" since early November, before

Americans elected Republican Donald Trump as president, a

Federal Reserve governor...

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UPDATE 1-Ore rally, cost cuts giving Vale room to rethink asset sales

NEW YORK, Nov 29 (Reuters) - Vale SA, the world's No. 1 iron

ore producer, is taking advantage of recent gains in mineral and

metal prices and successful cost-cutting steps to rethink the

pace of an...

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BRIEF-S&P says Texas CLASS Government rated 'AAAm'

* S&P on Texas CLASS - rating reflects fund's strong

capacity to maintain principal stability, to limit exposure to

principal losses due to credit risks

Source text : [ID:http://bit.ly/2fyu4n6]

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BRIEF-Steel Dynamics announces tender offer for any and all of its 6.125 pct senior notes due 2019

* Steel dynamics announces tender offer for any and all of

its 6.125 pct senior notes due 2019

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BRIEF-Steel Dynamics says plans to sell about $400 mln of debt securities

* Plans to sell approximately $400 million aggregate

principal amount of debt securities

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BRIEF-Time warner announces proposed debt offering

* Has commenced an underwritten public offering of senior

notes due 2027 of benchmark size

Source text for Eikon:

Further company coverage:

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Investors pare net shorts on long-dated U.S. bonds -JP Morgan

NEW YORK, Nov 29 (Reuters) - The amount of bearish bets on

longer-dated U.S. Treasury debt above bullish positions declined

for a second week, according to a J.P. Morgan survey released on

Tuesday,...

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UPDATE 1-Brazil's Oi says Dutch units may face bankruptcy process

SAO PAULO, Nov 29 (Reuters) - Brazilian phone company Oi SA

said on Tuesday a court status protecting two Dutch subsidiaries

from creditors could turn into a bankruptcy procedure in the

Netherlands,...

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UPDATE 1-Failure to conclude bailout review main risk for Greek economy- cenbanker

ATHENS, Nov 29 (Reuters) - Greece can meet its fiscal

targets next year, the head of the country's central bank said

on Tuesday as he warned that the biggest risk the economy faced

would be a failure...

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GLOBAL MARKETS-Oil concerns temper European stocks

LONDON, Nov 29 (Reuters) - Oil prices fell more than 1.5

percent on Tuesday, capping gains on European equities, as

markets waited to see whether OPEC would be able to hammer out a

meaningful output...

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Italian bond yields fall, shares rise on report of ECB help post referendum

LONDON, Nov 29 (Reuters) - Italian bond yields fell to a

one-week low and shares extended their gains on Tuesday after a

Reuters report that the European Central Bank stands ready to

buy more Italian...

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Greece eyes initial deal with lenders this week, final deal by end year- govt spox

ATHENS, Nov 29 (Reuters) - Greece and its official creditors

can reach an initial agreement on reforms and fiscal targets to

pass a key bailout review by the end of the week and a final

deal to...

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UPDATE 2-Investors hedge bond bets before Italy vote, banks rebound

* Chance of Italy exiting euro zone rising -survey

(Adds Italy auction results, details on short positions)

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Kuwait to give Tunisia $500 million in loans over next five years -minister

TUNIS, Nov 29 (Reuters) - Kuwait will provide Tunisia with

$500 million in loans over the next five years, Kuwait's finance

minister told delegates at a Tunis investment conference on

Tuesday.

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BRIEF-Moody's says Germany GDP is expected to grow at 1.5 pct in 2017-18

* Falling debt due to revenue growth and tight fiscal rules

underpin the positive outlook for german regional governments

over next 12-18 months

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Latin America bond sales may halve on Trump's policy uncertainty

NEW YORK, Nov 29 (Reuters) - Governments and companies in

Latin America could halve their global bond sales next year,

bankers say, reflecting both the impact of Donald Trump's U.S.

presidential...

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EMERGING MARKETS-Rand falls, leads emerging assets down after 2 days of gains

LONDON, Nov 29 (Reuters) - The South African rand fell

almost two percent on Tuesday, leading emerging currency losses

as the ruling party's efforts to remove President Jacob Zuma

failed and the...

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COLUMN-Italy vote may surprise markets for worse: James Saft

Nov 29 (Reuters) - Italy's Sunday vote on government reform

will likely be 2016's third major victory for anti-globalization

sentiment.

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Monday, November 28, 2016

Fidel gone and Trump looming, Cuban businesses count on more reforms

HAVANA, Nov 29 (Reuters) - While mourning Fidel Castro's

death in the breezy salon of her elegant private restaurant in

Havana, Niuris Higueras also hopes the reforms that allowed her

business to...

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Two-year JGBs firm after auction, longer maturities soft

TOKYO, Nov 29 (Reuters) - The yield on the two-year Japanese

government debt dipped on Tuesday after an auction of that

maturities drew strong bids although longer maturities

underperformed as buying...

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BRIEF-Bank of Canada's Poloz: prepared to use unconventional measures if necessary

* Bank of Canada's Poloz: output gap will always be

meaningful concept, BoC has two approaches for measuring

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Bargain prices, rising cargo rates lift second-hand ship sales from the shallows

SINGAPORE, Nov 29 (Reuters) - Sales of second-hand ships

used to haul commodities such as iron ore, coal, grain and

fertiliser have hit a seven-year high in 2016 as the industry

creeps out of an...

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GLOBAL MARKETS-Dollar steadies with bonds, oil anxious about OPEC

* Dollar finds support after dip, bonds get respite from

selling

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BRIEF-Moody's Assigns Aa2 to Phoenix, AZ's Junior Water Revenue Bonds

* Moody's Assigns Aa2 to Phoenix, AZ's Junior Water Revenue

Bonds

Source text : http://bit.ly/2fZ0tiP

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UPDATE 1-Bank of Canada sees service sector paving way for recovery

TORONTO, Nov 28 (Reuters) - Canada's growing service sector

provides high-quality jobs and is helping to bolster the economy

at a time when it is still struggling with fallout from the drop

in...

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BRIEF-Moody's assigns AA2 to Los Angeles, CA's GO Refunding Bonds 2016-A

* Moody's assigns AA2 to Los Angeles, CA's GO Refunding

bonds 2016-A

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BRIEF-Northrop Grumman prices $750 mln debt offering

* Northrop Grumman prices $750 million debt offering and

announces debt redemption

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BRIEF-Sorrento Therapeutics secures $75 million loan facility

* Sorrento Therapeutics, Inc. secures $75 million loan

facility

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BRIEF-Cherokee sees fy 2017 adjusted earnings per share $0.76

* Cherokee Global Brands announces launch of public offering

of common stock

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BRIEF-Traverse Energy Ltd announces increase in size of private placement financing

* Traverse Energy Ltd announces increase in size of private

placement financing

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GLOBAL MARKETS-Oil up ahead of OPEC meeting; dollar, stocks dip

* Crude volatile, pares gains late

(Updates prices, changes comment)

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BlackRock's Rieder adds exposure to European banks ahead of Italy vote

NEW YORK, Nov 28 (Reuters) - A top bond investor for

BlackRock Inc, the world's largest asset manager, is

bargain-hunting in Europe as investors fret over a coming vote

that may shake Italy's...

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BRIEF-Elbit Imaging says board has decided to reject proposal to convert all outstanding debts of Elbit Medical to co

* Elbit Imaging Ltd. announces refusal to the debt

conversion proposal from its subsidiary Elbit Medical

Technologies Ltd and extension to the debt of Elbit Medical

Technologies Ltd maturity date

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WRAPUP 1-Saudi government infusing cash into economy, may boost growth, data shows

* Foreign bond issue permits suspension of domestic

borrowing

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Canada watchdog says lenders face big losses if housing markets turn

VANCOUVER, Nov 28 (Reuters) - Canada's banking regulator

warned on Monday that lenders could face significant losses if

housing markets turn and emphasized the need for stringent

underwriting...

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Sterling drifts lower, unmoved by Vlieghe message

LONDON, Nov 28 (Reuters) - Sterling drifted lower against

both the dollar and euro on Monday, with dealers citing one

substantial late morning order as having moved currency rates in

a session...

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UPDATE 3-Italy, Austria in spotlight as euro zone bond market fragments

* German 2-year yields touch record low

(Recasts and writes through)

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UPDATE 1-Italian referendum nerves push up euro implied volatility

LONDON, Nov 28 (Reuters) - The cost of hedging against

swings in the euro's value over the coming week jumped by the

most in months on Monday ahead of an Italian referendum that

could prompt Prime...

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EMERGING MARKETS-Latam currencies strengthen as crude oil prices rebound

By Bruno Federowski

SAO PAULO, Nov 28 (Reuters) - Latin American currencies

strengthened on Monday as crude prices rebounded, supporting

demand for higher-risk assets.

Oil prices gained 2.5...

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BRIEF-DTE Energy announces junior subordinated debentures offering

* DTE Energy Company announces junior subordinated

debentures offering

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TEXT-Statement by ECB's Draghi on euro zone outlook, and on Brexit

BRUSSELS, Nov 28 (Reuters) - Following is the introductory

statement of European Central Bank President Mario Draghi to the

ECON committee of the European Parliament in Brussels:

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BRIEF-Manulife Financial announces USD senior notes private placement

* Manulife Financial Corp - entered into an agreement to

privately place U.S.$270 million principal amount of 3.527%

senior notes due December 2, 2026

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BRIEF-Centennial Resource Development to acquire 100% interests from Silverback Exploration

* Centennial Resource Development - to acquire 100% of

leasehold interests and related upstream assets in reeves county

from Silverback Exploration, LLC

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Greece seeks to fix borrowing costs in debt relief talks

* Without swap, Greece faces Sisyphean task, govt source

says

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EMERGING MARKETS-Rand gains 2 pct after ratings affirmed, EM stocks at 2-week high

LONDON, Nov 28 (Reuters) - South Africa's rand strengthened

2 percent on Monday after agencies affirmed the country's

investment grade credit rating, whilst emerging equities rose to

a two-week high,...

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UPDATE 1-Euro zone corporate lending growth fastest since mid-2011 -ECB

* Money supply growth: http://reut.rs/1T8MhEO

(Adds context, charts)

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Nanoco Group buys quantum dot patents from Eastman Kodak

Nov 28 (Reuters) - Nanoco Group Plc, a technology

company spun out of the University of Manchester, said it bought

a group of quantum dot patents from Eastman Kodak Co

for an undisclosed sum.

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Sunday, November 27, 2016

PRESS DIGEST - Wall Street Journal - Nov 28

Nov 28 (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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UPDATE 1-China says promotes healthy outbound investment as outflow fears grow

SHANGHAI, Nov 28 (Reuters) - China said on Monday it

promotes the healthy development of outbound investment, as a

slide in its yuan currency to 8-1/2 year lows revives worries

about capital fleeing...

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JGBs rebound as US Treasuries' retreat fades for now

TOKYO, Nov 28 (Reuters) - Japanese government bond prices

rebounded on Monday as U.S. Treasuries stopped their retreat for

now, with Tokyo shares snapping a 7-day winning streak to give

safe-haven...

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FOREX-Dollar gives in to gravity and drops as US yields extend fall

* USD runs out of puff after rising relentlessly since Trump

win

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GLOBAL MARKETS-Oil tumbles as output cut looks elusive; dollar sinks

TOKYO, Nov 28 (Reuters) - Oil prices tumbled on Monday on

fears that producer countries may fail to agree an output cut,

pressuring U.S. stocks and the dollar as traders reversed their

"Trumpflation"...

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China says promotes healthy development of outbound investment - Xinhua

SHANGHAI, Nov 28 (Reuters) - China said on Monday it

promotes the healthy development of outbound investment, the

official Xinhua news agency reported.

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BRIEF-Financial Oversight and Management Board selects outside legal counsel, strategic consultant

* Financial Oversight and Management Board for Puerto Rico -

selects Proskauer Rose LLP and O'Neill & Borges LLC as outside

legal counsel

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France's Juppe concedes defeat, backs Fillon in presidential election

PARIS, Nov 27 (Reuters) - French conservative primaries'

candidate Alain Juppe on Sunday conceded defeat in the race to

become his camp's candidate in next year's presidential election

and said he...

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Fillon promises "software change" for France in primaries' victory speech

PARIS, Nov 27 (Reuters) - Former prime minister Francois

Fillon pledged to unite his camp behind a project to carry out

deep reforms in France in a victory speech after winning the

conservative...

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Egypt's three and nine-month t-bill prices fall in weekly auction

CAIRO, Nov 27 (Reuters) - Yields on Egypt's three- and

nine-month Treasury bills rose at an auction on Sunday, data

from the central bank showed.

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UPDATE 1-Brazil's Temer vows to block amnesty for election crimes

BRASILIA, Nov 27 (Reuters) - President Michel Temer said on

Sunday that he and leaders of Brazil's Congress will not allow

an amnesty for election slush funds sought by some lawmakers to

avoid...

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BMW strongly increases venture capital fund volume -Handelsblatt

FRANKFURT, Nov 27 (Reuters) - BMW is increasing

the size of its venture capital fund, BMW i Ventures, to 500

million euros ($530 million) from 100 million, German business

daily Handelsblatt said on...

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Brazil's Temer says to veto any amnesty for election crimes

BRASILIA, Nov 27 (Reuters) - President Michel Temer said on

Sunday that he and leaders of Brazil's Congress will not allow

an amnesty for election slush funds sought by some lawmakers to

avoid...

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S.Africa's Public Protector files complaint against predecessor for leaking Zuma interview - report

JOHANNESBURG, Nov 27 (Reuters) - The new head of South

Africa's anti-graft unit, which this month alleged

influence-peddling in President Jacob Zuma's cabinet, has laid a

complaint against her...

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Kuwaiti opposition win big in anti-austerity vote

KUWAIT, Nov 27 (Reuters) - Opposition candidates are

estimated to have won around 20 seats out of 50 in Kuwaiti

elections that saw most parliament members replaced, in a vote

analysts said reflects...

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RPT-Egyptian importers nursing losses after currency float want a bailout

CAIRO/ABU DHABI Nov 24 (Reuters) - Huddled in the Radisson

Blu hotel on the outskirts of Cairo last week, some of Egypt's

top wheat traders talked damage control: they had lost more than

$1 billion...

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Saturday, November 26, 2016

South Africa's ANC lashes out at ratings firms comments on politics

JOHANNESBURG, Nov 26 (Reuters) - South Africa's ruling

African National Congress (ANC) lashed out at debt rating

agencies on Saturday, calling their references to political risk

in recent reviews of...

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Ukraine's missile test plans near Crimea heat up row with Russia

MOSCOW/KIEV, Nov 26 (Reuters) - Moscow protested against

Ukraine's plans to carry out missile tests near Crimea, which

Russia annexed in 2014 following the toppling of a pro-Russian

Ukrainian...

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EMERGING MARKETS-Brazil real falls on potential Temer probe

By Bruno Federowski

SAO PAULO, Nov 25 (Reuters) - Brazil's currency fell on

Friday on concerns that fiscal reforms could be derailed by a

potential investigation into whether President Michel...

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Friday, November 25, 2016

UPDATE 1-Rotation from U.S. bond funds to stocks slows -Lipper

(Adds data on mutual funds and ETFs, investor quote, table,

byline)

By Trevor Hunnicutt

NEW YORK, Nov 25 (Reuters) - Investors pulled more money

from U.S.-based bond funds during the latest...

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U.S.-BASED SMALL-CAP VALUE FUNDS TAKE IN $591 MLN; 2ND-LARGEST INFLOWS ON RECORD -LIPPER

U.S.-BASED SMALL-CAP VALUE FUNDS TAKE IN $591 MLN; 2ND-LARGEST

INFLOWS ON RECORD -LIPPER

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Moody's keeps South Africa's sovereign rating at Baa2, negative outlook

Nov 25 (Reuters) - Credit ratings firm Moody's Investors

Service kept South Africa's sovereign rating unchanged at Baa2

on Friday, two levels above subinvestment grade, with a negative

outlook.

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Payday lenders seek emergency court help, fearing U.S. cutoff

Nov 25 (Reuters) - Payday lenders asked a federal judge in

Washington, D.C., for emergency relief to stop what they called

a coordinated effort by U.S. regulators to stop banks from doing

business...

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UPDATE 5-Minister at center of Brazil's latest scandal quits

BRASILIA, Nov 25 (Reuters) - One of Brazilian President

Michel Temer's closest aides resigned on Friday following

allegations he pressured the culture minister to approve a

property development,...

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NY Fed-FX swaps with foreign cenbanks total $201 mln this week

NEW YORK, Nov 25 (Reuters) - The Federal Reserve provided

$201 million in liquidity to foreign central banks in the latest

week via its swap lines, New York Fed data showed on Friday.

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CORRECTED-TREASURIES-Bonds on track for worst month since Jan 2009

(Corrects first paragraph to say worst monthly performance in

almost eight years)

* Trump policies primary driver of U.S. yield moves

* U.S. payroll data next week main economic focus

*...

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GLOBAL MARKETS-Wall Street ends at record highs; dollar loses steam

* U.S. crude tumbles 4 pct on uncertainty over production

cuts

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FOREX-Dollar weakens as U.S. bond yields slip from recent highs

* Too early to call a top in U.S. dollar -analyst

(Adds comment, updates prices)

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GLOBAL MARKETS-Wall Street ends at record highs; dollar loses steam

* U.S. crude down about 4 pct on uncertainty over production

cuts

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UPDATE 1-Amnesty program eases Brazil's 2016 budget gap

BRASILIA, Nov 25 (Reuters) - Brazil's central government on

Friday reported its first primary budget surplus in six months

in October, thanks to an inflow of billions of dollars from an

asset amnesty...

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UPDATE 2-Fitch keeps S.Africa's investment-grade rating but cuts outlook to 'negative'

* Rand weakens on negative outlook

(Adds comment from finance minister, analysts)

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UPDATE 3-Short-dated German yield hits low in biggest two-week fall since 2013

* Adds to divergence with U.S. bond markets

(Updates prices for close)

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Sterling heads for best run of gains vs euro since early 2015

LONDON, Nov 25 (Reuters) - Sterling slipped against the euro

on Friday but was still on track for its longest run of weekly

gains since early 2015, with investors switching their focus

from the...

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FOREX-Dollar slides as U.S. bond yields fall; but uptrend intact

* Pullback in U.S. yields weighs on dollar

(Updates prices, adds comment, changes byline, dateline;

previous LONDON)

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HSH Nordbank holds meetings with potential buyers -sources

FRANKFURT/LONDON, Nov 25 (Reuters) - Shipping finance

provider HSH Nordbank began meeting potential buyers in

London this week ahead of the German lender's planned

privatisation next year, people...

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UPDATE 1-India's Tata Steel removes Cyrus Mistry as chairman

MUMBAI, Nov 25 (Reuters) - India's Tata Steel

removed Cyrus Mistry, the former head of Tata Sons, as chairman

at a board meeting in Mumbai on Friday, the company said in a

statement.

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Ex-Minister denies met with President Temer to record him

SAO PAULO, Nov 25 (Reuters) - Brazil's former Culture

Minister Marcelo Calero denied on Friday that he requested a

meeting with President Michel Temer to record the conversation

regarding a real...

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Brazil's Aliansce considering mall M&A, sees prices as high

SAO PAULO, Nov 25 (Reuters) - Aliansce Shopping Centers SA

is eyeing several acquisition targets across Brazil's mall

industry as a way to fuel growth in the near term, although

prices seem too...

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India's Tata Steel removes Cyrus Mistry as chairman

MUMBAI, Nov 25 (Reuters) - India's Tata Steel has removed

former head of Tata Sons Cyrus Mistry as chairman of its board

in a board meeting held in Mumbai on Friday, the company said in

a statement.

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Jaguar Land Rover plans to build electric cars in Britain

LONDON, Nov 25 (Reuters) - Britain's biggest carmarker

Jaguar Land Rover said it planned to build electric

cars in Britain, just two days after the government promised 390

million pounds ($484...

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UPDATE 1-UK firms show no Brexit vote hit in Q3 as investment grows

* Business investment rises strongly in Q3, beating

expectations

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CEE MARKETS-Stocks drop on rangebound markets, Ljubljana hits 4-month low

* Slovenian stock index touches 4-month low on Krka

* Hungarian bonds firm, still helped by Thursday auction

demand

* Investors watch Dec risks: Fed, Italian and Romanian votes

By Sandor...

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Brazil real slumps on potential Temer investigation

SAO PAULO, Nov 25 (Reuters) - The Brazilian real slumped in

early Friday trading on concerns that a potential investigation

into whether President Michel Temer pressured an ex-minister to

allegedly...

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GLOBAL MARKETS-Global equities climb, dollar on back foot

LONDON, Nov 25 (Reuters) - Global equities climbed on

Friday, while the dollar retreated against major currencies as a

pullback in U.S. bond yields prompted some investors to take

profits after the...

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EMERGING MARKETS-Retreating dollar gives emerging markets a breather

By Karin Strohecker

LONDON, Nov 25 (Reuters) - Emerging markets looked to end

the week on a cautiously positive note on Friday with stocks

poised to snap a four-week losing streak while a number...

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Russia prepares for Ukraine talks in Normandy format on Nov. 29

MOSCOW, Nov 25 (Reuters) - Russia's Foreign Ministry said on

Friday it was preparing to take part in the Normandy format

talks on Ukraine with other foreign ministries in Minsk on

November 29.

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Thursday, November 24, 2016

Superlong JGBs lifted by strong 40-year sale results

TOKYO, Nov 25 (Reuters) - Japanese government bonds mostly

rose on Friday, following upbeat results from a 40-year sale

that brought superlong bond yields off their session highs, as

well as...

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Germany's 2-year bond yield sets fresh record low

LONDON, Nov 25 (Reuters) - Short-dated German government

bond yields set a new record low on Friday and were set for

their biggest two-week fall in more than three years,

highlighting demand for...

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PRESS DIGEST - Wall Street Journal - Nov 25

Nov 25 (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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Market underestimates Canada rate cut risk amid NAFTA uncertainty

TORONTO, Nov 25 (Reuters) - The market is too complacent

about the prospect of further interest rate cuts from the Bank

of Canada, some economists say, as an uncertain outlook for the

NAFTA trade...

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Turkey - Factors to Watch on Nov 25

ISTANBUL, Nov 25 (Reuters) - Here are news, reports and

events that may affect Turkish financial markets on Friday.

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Dissident creditor group in Brazil's Oi retains G5 Evercore as adviser

SAO PAULO, Nov 24 (Reuters) - A newly formed group of

dissident bondholders in Oi SA has retained G5

Evercore to advise it in the Brazilian carrier's in-court

reorganization, which has recently...

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S.Korea fin min sees business conditions worsening as rates rising

SEOUL, Nov 25 (Reuters) - South Korea's finance minister

said on Friday he expects business conditions to worsen due to

local interest rates tracking rising U.S. yields, and volatility

gripping...

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PRESS DIGEST- British Business - Nov 25

Nov 25 (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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GLOBAL MARKETS-Asian stocks steady as dollar pulls back from 13-1/2-year high

SINGAPORE, Nov 25 (Reuters) - Asian stocks steadied on

Friday as the Thanksgiving break in the United States pegged the

dollar's relentless surge that had sucked capital out of most

emerging markets.

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PRESS DIGEST- Financial Times - Nov 25

Nov 25 (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-Brazil to allow states with good ratings to issue new debt - CMN

BRASILIA, Nov 24 (Reuters) - Brazil's top economic policy

body on Thursday said it will allow states with good credit

ratings to issue new debt, throwing another life-line to

financially troubled...

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CANADA FX DEBT-C$ barely higher against greenback as oil edges higher

(Adds dealer comment, updates prices to close)

* Canadian dollar settles at 74.12 U.S. cents or C$1.3491

per USD

* Bond prices lower across the yield curve

By Alastair Sharp

TORONTO,...

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UPDATE 1-Latest Argentine data shows recession grimly hanging on

BUENOS AIRES, Nov 24 (Reuters) - Argentina's economic

activity shrank 3.7 percent in September versus a year earlier,

according to official data released on Thursday, the seventh

straight month of...

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Tunisia's UGTT union threatens public sector general strike for Dec. 8

TUNIS, Nov 24 (Reuters) - Tunisia's UGTT labour union said

on Thursday it would call a public sector general strike for

Dec. 8 if the government does not drop a freeze on wage

increases included in...

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UPDATE 1-Tunisia's UGTT union threatens public sector general strike for Dec. 8

TUNIS, Nov 24 (Reuters) - Tunisia's UGTT labour union said

on Thursday it would call a public sector general strike for

Dec. 8 if the government does not drop a freeze on wages

included in next...

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Britain's Hammond chooses his battle - fixing weak productivity

LONDON, Nov 24 (Reuters) - In 2011, early in his time as

finance minister, George Osborne said he would revive British

manufacturing as he promised "a march of the makers" to

rebalance the economy.

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Brazil's Bradesco to boost mobile platform as fintech tools thrive

SAO PAULO, Nov 24 (Reuters) - Banco Bradesco SA plans to

enhance existing mobile phone banking platforms to lure younger

clients and stem potential competition from financial technology

start-ups...

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UPDATE 1-British wage growth looks "dreadful" after Brexit -IFS

* Resolution Foundation flags weakest wage growth in over

200 yrs

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Egyptian importers nursing losses after currency float want a bailout

CAIRO/ABU DHABI Nov 24 (Reuters) - Huddled in the Radisson

Blu hotel on the outskirts of Cairo last week, some of Egypt's

top wheat traders talked damage control: they had lost more than

$1 billion...

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UPDATE 2-Monte dei Paschi shareholders approve vital capital boost

* Italy's Dec. 4 referendum hurdle to bank's plans

(Recasts after vote)

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UPDATE 1-GoDaddy in exclusive talks to buy Host Europe - sources

LONDON, Nov 24 (Reuters) - U.S. website domain name provider

GoDaddy is in exclusive talks to buy peer Host Europe

Group (HEG) as it seeks to expand in higher-margin businesses

beyond the initial...

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UPDATE 2-Italian bonds rally as ECB soothes nerves ahead of referendum

LONDON, Nov 24 (Reuters) - Low-rated euro zone government

bond yields fell on Thursday on growing confidence that the

European Central Bank (ECB) will support the market in a

difficult political...

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CEE MARKETS-Hungarian bonds rebound on robust auction demand

* Hungarian yields fall after robust bond auction

* Recent Hungarian yield surge made 10-year bond attractive

* CEE assets rangebound, turnover low due to U.S. holiday

* Polish bonds...

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CANADA FX DEBT-C$ steadies against greenback as oil edges higher

* Canadian dollar at C$1.3496, or 74.10 U.S. cents

* Bond prices lower across the yield curve

TORONTO, Nov 24 (Reuters) - The Canadian dollar was

unchanged against its U.S. counterpart on...

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UPDATE 2-ECB sees rising risks to euro zone financial stability, watching for Italian vote fallout

FRANKFURT, Nov 24 (Reuters) - The European Central Bank sees

rising risks to euro zone financial stability and is watching

for any fallout from Italy's constitutional referendum next

month, ECB Vice...

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South African reserve bank leaves repo rate unchanged at 7.0 percent

PRETORIA, Nov 24 (Reuters) - South Africa's central bank

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

saying growth and inflation dynamics were largely in line with

expectations,...

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UPDATE 1-Brazil's Via Varejo soars on reports of Falabella, Steinhoff interests

SAO PAULO, Nov 24 (Reuters) - Shares in Brazil appliance

retailer Via Varejo SA soared on Thursday by the most since

March on reports that three suitors have expressed interest in a

controlling stake...

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Brazil's president sees easy approval of spending cap

BRASILIA, Nov 24 (Reuters) - President Michel Temer said on

Thursday he has strong political backing for a federal spending

ceiling and other measures to control Brazil's budget deficit

that will...

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Brazil's Gafisa aims to raise up to $192 mln with Tenda IPO

SAO PAULO, Nov 24 (Reuters) - Brazilian homebuilder Gafisa

SA aims to raise up to 660 million reais ($192 million) with an

initial public offering of Construtora Tenda SA, a builder of

low-cost...

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UPDATE 3-Indian rupee hits record low as emerging market rout intensifies

* But India seen better placed to withstand outflows

(Updates rupee levels; adds govt reaction, quotes, details)

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EMERGING MARKETS-Soaring dollar sends Turkey, India to record lows; yuan tumbles

LONDON, Nov 24 (Reuters) - The Turkish lira, Indian rupee

and offshore Chinese yuan crashed to fresh record lows on

Thursday against the strengthening dollar, while emerging stocks

slipped half a...

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Falabella, Steinhoff in race for Brazil's Via Varejo -newspaper

SAO PAULO, Nov 24 (Reuters) - SACI Falabella SA,

Steinhoff International Holdings Ltd and Lojas

Americanas SA are among a group of retailers

interested in acquiring appliance retailer Via Varejo SA,...

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South African union group backs Ramaphosa to succeed Zuma

JOHANNESBURG, Nov 24 (Reuters) - South Africa's main trade

union group and a member of the ruling political alliance will

campaign for Deputy President Cyril Ramaphosa to succeed

President Jacob Zuma...

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CEE MARKETS-Hungarian bonds ease ahead of auction, region is rangebound

* Hungarian yields up 1-3 bps ahead of auctions

* CEE assets rangebound, turnover low due to U.S. holiday

* Hungary auctions 3-, 5- and 10-year bonds

By Sandor Peto

BUDAPEST, Nov 24...

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Weak trade put brakes on German growth in third quarter

BERLIN, Nov 24 (Reuters) - The German economy halved its

growth rate to 0.2 percent in the third quarter despite rising

private consumption and higher state spending as weak foreign

trade slowed...

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Russia detains former Navy official in Crimea for spying for Ukraine - Interfax

MOSCOW, Nov 24 (Reuters) - Russia's Federal Security Service

(FSB) has detained a former Russian navy official in Crimea who

is accused of spying for the Ukrainian military, Interfax news

agency...

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Wednesday, November 23, 2016

JGBs slip, super-long bond yields hit 8-month high

TOKYO, Nov 24 (Reuters) - Japanese Government bonds sagged

on Thursday, with the 20- and 30-year bond yields hitting

eight-month highs, following a retreat in U.S. Treasuries and on

caution ahead of...

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GLOBAL MARKETS-Asia stocks slip on spectre of higher US rates, dollar is "a freight train"

TOKYO, Nov 24 (Reuters) - Most Asian stock markets fell on

Thursday as upbeat economic data strengthened the prospect for

higher U.S. interest rates, while the dollar's bull run

continued with U.S....

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S.Korea Q3 household debt rises, mortgage demand rises

SEOUL, Nov 24 (Reuters) - South Korea's household debt grew

at a faster pace in the third quarter than it did in the

preceding three months, central bank data showed on Thursday, as

easy monetary...

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EMERGING MARKETS-Latam currencies weaken on strong U.S. economic data

(Updates with afternoon figures)

By Bruno Federowski

SAO PAULO, Nov 23 (Reuters) - Latin American currencies

weakened on Wednesday following strong U.S. economic figures,

which hardened...

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GLOBAL MARKETS-Japan stocks rise to near 11-mth high, dollar bulls continue charge

TOKYO, Nov 24 (Reuters) - Japanese stocks rose to a near

11-month high on Thursday on a weaker yen and after Wall Street

shares closed at record highs overnight, while the dollar's bull

run continued...

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CD&R in the lead to acquire Avaya's call center unit -sources

NEW YORK, Nov 23 (Reuters) - Buyout firm Clayton, Dubilier &

Rice LLC (CD&R) is in the lead to acquire the call center

business of debt-laden telecommunications equipment company

Avaya Inc for around...

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BRIEF-Ascot announces private placement financing

* Ascot Resources says agreement raises aggregate minimum

gross proceeds of $6.2 million

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BRIEF-Aspen Aerogels amended and restated loan and security agreement

* On November 23, 2016, co amended and restated loan and

security agreement

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UPDATE 4-Odebrecht to sign $2 bln leniency deal in Brazil graft probe -source

SAO PAULO/BRASILIA, Nov 23 (Reuters) - Brazilian engineering

conglomerate Odebrecht SA has agreed to plea bargains and a

massive leniency deal under which it would pay around 7 billion

reais ($2.1...

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BRIEF-Altisource Residential says amended and extended terms of repurchase facility- SEC Filing

* On november 18, co amended and extended terms of

repurchase facility- sec filing

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GLOBAL MARKETS-Dow, S&P close at records; U.S. yields, dollar at multi-year highs

* Dow hits record intraday, closing highs for third straight

day

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BRIEF-S&P lowers Belize sovereign credit rating to CC from CCC+

* s&p - belize's government initiated discussions with

holders of its u.s. Dollar bonds due in 2038 amid worsening

external, financial, economic conditions

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BRIEF-Rosetta Genomics announces pricing of $5 million concurrent registered direct and private placement offering

* Entered into definitive agreements with one institutional

healthcare investor to purchase an aggregate of 1.1 million

ordinary shares

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BRIEF-S&P says Rider University, NJ debt rating lowered to 'BBB-'

* s&p -lowered rating to 'bbb-' on new jersey educational

facilities authority' s revenue refunding bonds, issued for

rider university; outlook stable

Source text (http://bit.ly/2ghVvkt)

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BRIEF-Ultra Petroleum says plan support agreement has over 66.67% support from senior noteholders

* Ultra Petroleum announces plan support agreement has over

66.67% support from senior noteholders

Source text for Eikon:

Further company coverage:

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Brazil's Odebrecht executives to sign deal with prosecutors - source

BRASILIA, Nov 23 (Reuters) - Executives of Brazilian

engineering conglomerate Odebrecht will sign a plea bargain deal

with federal prosecutors on Wednesday or Thursday, a source

close to the...

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Investors pull most money from U.S.-based bond funds of any week in 2016-ICI

By Trevor Hunnicutt

NEW YORK, Nov 23 (Reuters) - Investors pulled $9.7 billion

from U.S.-based bond funds during the latest week in the

stiffest blow of the year for those funds, Investment...

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BRIEF-Peabody Energy says bankruptcy court approved stipulation filed by co - SEC filing

* On Nov. 23, bankruptcy court approved stipulation filed by

co relating to amendment to co's superpriority secured DIP

credit agreement

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Post-Brexit immigration fall to push up UK public borrowing - official forecast

LONDON, Nov 23 (Reuters) - The British government will have

to borrow an extra 16 billion pounds ($20 billion) over the next

five years to make up for the impact of lower immigration

following the...

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GLOBAL MARKETS-Dow hits record; U.S. yields, dollar at multi-year highs

* Oil prices slightly lower in volatile trade

(Updates to open of U.S. trading; changes byline, dateline, pvs

LONDON)

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Brazil's Odebrecht, prosecutors sign plea, leniency deal, Globo says

SAO PAULO, Nov 23 (Reuters) - Brazilian engineering group

Odebrecht SA has signed a leniency agreement and a plea deal

with prosecutors, Globo TV network reported on Wednesday.

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BRIEF-Liberty Global- Two units entered into a joinder agreement in respect of credit agreement dated May 16

* On Nov 18, two units of co entered into a joinder

agreement in respect of credit agreement dated May 16, 2016 -

sec filing

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TREASURIES-Prices drop as data boosts growth estimates, supply weighs

* Durable goods data boosts expectations of faster growth

* Two-year yields highest since 2010

* Treasury to sell $28 bln seven-year notes

* Fed to release minutes from November meeting

...

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HIGHLIGHTS-UK's Hammond delivers Autumn Statement on budget policy

LONDON, Nov 23 (Reuters) - British finance minister Philip

Hammond delivered his first statement on budget policy since

taking office in July following Britain's vote to leave the

European Union.

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Germany expects IMF to remain on board with Greek bailout

BERLIN, Nov 23 (Reuters) - Germany expects the International

Monetary Fund to stay on board in Greece's bailout programme to

evaluate Athens' reform efforts, a Finance Ministry spokeswoman

said on...

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EFTA Surveillance Authority backs Iceland in offshore crown case vs U.S. funds

STOCKHOLM, Nov 23 (Reuters) - The EFTA Surveillance

Authority on Wednesday backed the Icelandic government in two

cases where U.S. funds had argued the country had discriminated

against them when...

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Euro finmins and IMF will not meet on Friday on Greece - Germany

BERLIN, Nov 23 (Reuters) - Euro zone finance ministers and

IMF officials are not planning to meet on Friday in Berlin to

discuss Greece's bailout, a spokeswoman for the German finance

ministry said...

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EMERGING MARKETS-Rupee, lira, offshore yuan near record lows

LONDON, Nov 23 (Reuters) - Accelerated foreign capital

flight pushed offshore Chinese yuan to record lows on Wednesday

while the Indian rupee and Turkish lira neared similar

milestones, though...

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CEE MARKETS-Forint eases ahead of tender, short-covering lifts zloty

* Zloty continues to recover as investors close shorts

* Forint eases, central bank may cut offer at deposit tender

* Czech cbank: ECB QE extension may not affect crown cap

policy

By...

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Challenging emerging markets hit Rocket's Global Fashion revenue

FRANKFURT, Nov 23 (Reuters) - Revenue growth at emerging

markets-focused retailer Global Fashion Group (GFG), which is

backed by investors Kinnevik of Sweden and Germany's

Rocket Internet, slowed in...

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Merkel: Germany must boost defence spending, unlikely to meet NATO goal soon

BERLIN, Nov 23 (Reuters) - Germany must increase defence

spending towards 2 percent of gross domestic product (GDP),

Chancellor Angela Merkel said on Wednesday, but downplayed

expectations it would...

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Tuesday, November 22, 2016

GLOBAL MARKETS-Asia stocks share some Wall St joy, US yields a drag

* Asia shares ex-Japan try for second day of gains, Nikkei

closed

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PRESS DIGEST- British Business - Nov 23

Nov 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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Turkey - Factors to Watch on Nov 23

ISTANBUL, Nov 23 (Reuters) - Here are news, reports and

events that may affect Turkish financial markets on Wednesday.

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BRIEF-Savanna announces concurrent debt financing, private placement and bought deal financing

* Entered agreement with Alberta Investment Management

Corporation (AIMCO) providing for $200 million second lien

senior secured term loan facility

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Argentina central bank cuts policy rate for third straight week

Nov 22 (Reuters) - Argentina's central bank on Tuesday cut

its benchmark interest rate to 25.25 percent, lowering it by 50

basis points for the third straight week and said once again it

was...

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Brazil federal, state governments reach accord to balance accounts

SAO PAULO, Nov 22 (Reuters) - Brazilian Finance Minister

Henrique Meirelles said on Tuesday after a meeting with

President Michel Temer and governors that federal and state

governments have agreed to...

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UPDATE 1-Hammond aims to ease UK living standards squeeze, focus on budget

LONDON, Nov 22 (Reuters) - Britain's finance minister will

say on Wednesday that he is taking the edge off a benefits

squeeze for low-paid workers, but that fixing the public

finances will be a...

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BRIEF-China New Borun units had successfully completed a private placement of five-year fixed-rate bonds with a principle amount of RMB300 million

* China New Borun says units had successfully completed a

private placement of five-year fixed-rate bonds with a principle

amount of RMB300 million

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TREASURIES-Bonds steady after solid five-year note auction

(Recasts with results of five-year auction; adds quote; updates

prices)

* U.S. sells $34 bln five-year notes to solid demand

* Two-year note yields hit more than 6-year highs overnight

*...

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Honduras says to issue up to $850 million in bonds

TEGUCIGALPA, Nov 22 (Reuters) - Honduras plans to issue up

to $850 million worth of bonds in international markets to

relieve pressure on the finances of the state electricty company

known as ENEE,...

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WRAPUP 2-U.S. existing home sales race to more than 9-1/2-year high

WASHINGTON, Nov 22 (Reuters) - U.S. home resales rose in

October to their highest level in more than 9-1/2 years as

homebuyers, buoyed by an improving labor market, took advantage

of still-low...

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LATAM CLOSE-No deals price in LatAm primary market

* Exotix puts buy recommendation on Samarco bonds

* PDVSA bonds recover losses after payment delays

* Default risks rise as Light SA's finances deteriorate - regulator

By Mike Gambale

...

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BRIEF-BJ's Restaurants amends, restates Line of Credit to increase line to $250 mln - SEC filing

* Effective November 18, 2016, BJ's Restaurants, Inc.

entered into a Second Amended and Restated Credit Agreement -

SEC filing

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U.S. 5-year debt sold at highest yield since December

NEW YORK, Nov 22 (Reuters) - The U.S. Treasury Department on

Tuesday sold $34 billion in a five-year government note issue

at a yield of 1.760 percent, the highest yield at an auction for

this debt...

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BRIEF-Opti declares final cash distribution of $0.6369 per share

* Has declared final cash distribution of $0.6369 per share

on company's stock pursuant to plan of liquidation

Source text for Eikon:

Further company coverage:

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Loan disbursements at Brazil's BNDES sink 35 pct through October

SAO PAULO, Nov 22 (Reuters) - Loan disbursements at Brazil's

state development bank BNDES slumped in the first 10 months,

signaling a dramatic drop in capital spending plans as Latin

America's No. 1...

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MONEY MARKETS-Traders see U.S. rate hike as a sure thing in December

* Futures imply traders see another rate increase in

mid-2017

(Updates with background, adds quote)

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BRIEF-Heineken successfully prices 500 million euros of notes

* Successfully placed long 10-year notes with a coupon of 1.375 pct for a principal amount

of 500 million euros ($530.65 million)

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CANADA FX DEBT-C$ hits nearly 2-week high amid OPEC optimism

* Canadian dollar at C$1.3394, or 74.66 U.S. cents

* Loonie touches its strongest since Nov. 9 at C$1.3378

* Bond prices higher across the yield curve

TORONTO, Nov 22 (Reuters) - The...

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UPDATE 1-Uncertainty over Trump plans may hurt Mexico growth - cenbank chief

MEXICO CITY, Nov 22 (Reuters) - Uncertainty over exactly

what measures Donald Trump takes as U.S. president is more

likely to affect Mexican growth than tighter monetary policy,

Central Bank Governor...

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BRIEF-Ameresco entered into an amendment to its third amended and restated bank credit facility

* Ameresco Inc - on November 17, 2016 co entered into an

amendment to its third amended and restated bank credit facility

- sec filing

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Uncertainty over Trump plan may hurt Mexico growth-Carstens

MEXICO CITY, Nov 22 (Reuters) - Uncertainty over exactly

what measures U.S. President-elect Donald Trump may take in

office is more likely to affect Mexican growth than tighter

monetary policy,...

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Moelis-led creditor group goes to court in Brazil's Oi case

SAO PAULO, Nov 22 (Reuters) - A group of Oi SA

bondholders led by Moelis & Co has petitioned a Brazilian

court to force the debt-laden Brazilian phone carrier to provide

access to information needed...

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BRIEF-Uniqure reports Q3 loss per share EUR 0.54

* Uniqure Nv - Uniqure expects to realize EUR 5 million to

EUR 6 million of annualized cost savings by end of 2017

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BRIEF-CenterPoint Energy provides notice of redemption

* CenterPoint Energy says provided notice of redemption

relating to $300 million of co's outstanding 6.50% senior notes

due 2018

Source text: (http://bit.ly/2ghxZBS)

Further company coverage:

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UPDATE 1-German-U.S. bond yield gap revisits highs as ECB pledges support

* Markets show 95 pct chance of U.S. rate hike

(Adds quote, updates prices)

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World Bank sees Azeri GDP down 3 pct in 2016

Nov 22 (Reuters) - The World Bank expects Azeri economy to

contract by 3 percent this year, the bank's official said on

Tuesday.

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German-U.S. bond yield gap revisits highs as ECB pledges support

LONDON, Nov 22 (Reuters) - The difference between German and

U.S. bond yields revisited multi-decade highs on Tuesday after

European Central Bank policymakers helped curbed a recent

sell-off in the...

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JGBs edge down slightly ahead of holiday

TOKYO, Nov 22 (Reuters) - Japanese government bonds edged

down on Tuesday ahead of a public holiday, while the yield curve

steepened slightly as superlong yields inched up.

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Monday, November 21, 2016

RPT-INSIGHT-Euro zone nations turn to hedge funds to meet borrowing needs

LONDON, Nov 21 (Reuters) - Euro zone governments are

increasingly relying on hedge funds to help them meet their

borrowing needs, which risks leaving them vulnerable to a debt

market sell-off driven...

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INSIGHT-Portugal's judicial makeover: the reform that flattered to deceive?

* Companies say debt recovery low, slow justice hampers

investment

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China may name first SOEs to be restructured by year-end - paper

SHANGHAI, Nov 22 (Reuters) - China may name the first of its

state-owned enterprises (SOE) to be restructured under a

mixed-ownership system by the year-end, the business paper China

Securities...

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GLOBAL MARKETS-Asian stocks ride Wall St rally, oil extends gains

HONG KONG, Nov 22 (Reuters) - Asian stocks rose on Tuesday

in the wake of solid gains in U.S. markets overnight, while the

Japanese yen briefly strengthened after a powerful earthquake

rocked...

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UPDATE 2-Brazil cuts 2017 growth forecast as recession lingers

BRASILIA, Nov 21 (Reuters) - Brazil's government lowered its

forecast for economic growth in 2017 to 1.0 percent from 1.6

percent, echoing market pessimism as the country struggles to

exit its worst...

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Ally Financial settles with DoJ over mortgage-related claims

Nov 21 (Reuters) - Ally Financial Inc said it

agreed to pay $52 million to settle claims made by the U.S.

Department of Justice against its former mortgage unit related

to alleged misstatements about...

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BRIEF-Synergy Pharma enters privately-negotiated exchange agreements

* Synergy Pharma-co entered privately-negotiated exchange

agreements with certain holders of co's 7.50% convertible senior

notes due 2019

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BofA must face fraud lawsuit by Tutor Perini over debt sales

Nov 21 (Reuters) - A U.S. appeals court on Monday revived a

lawsuit accusing Bank of America Corp of defrauding

Tutor Perini Corp by selling the construction company

millions of dollars of...

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Pension funding to weigh on Chicago's credit rating -S&P

CHICAGO, Nov 21 (Reuters) - Chicago will maintain its

low-investment grade rating with its fiscal 2017 budget that

reduces a chronic deficit, but the city still faces pressures on

its credit quality...

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BRIEF-Vantiv announces secondary public offering and associated repurchase of its common stock

* It intends to repurchase 850,000 shares of its class A

common stock at a price per share equal to Monday's closing

share price

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BRIEF-Eastman Chemical issued, sold EUR 200 mln principal amount of 1.50% notes due 2023

* On November 21, company issued, sold EUR 200 million

principal amount of 1.50% notes due 2023, EUR 500 million

principal amount of 1.875% notes due 2026

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UPDATE 1-Venezuela's PDVSA delays $404 mln coupon payments on bonds -JPMorgan

CARACAS, Nov 21 (Reuters) - Venezuelan state oil company

PDVSA has activated a 30-day grace period for $404 million in

interest payments on its 2021, 2024 and 2035 bonds, JPMorgan

analysts said in a...

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BRIEF-Bombardier announces notice of redemption for all of 7.50% senior notes due 2018

* Bombardier announces notice of redemption for all of 7.50%

senior notes due 2018

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Obama admin. seeks curbs on mandatory arbitration for insurance

WASHINGTON, Nov 21 (Reuters) - The Obama administration is

pressing U.S. states to curb insurers' use of fine print in

contracts that bars unsatisfied customers from suing, taking the

latest step...

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BRIEF-Bombardier announces notice of redemption for all of its 5.50% senior notes due 2018

* Bombardier inc says issued a notice of redemption for all

of its outstanding 5.50% senior notes due 2018

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BRIEF-Bombardier issues notice of redemption for 5.50% senior notes due 2018

* Bombardier announces notice of redemption for all of its

5.50% senior notes due 2018

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U.S. stock ETFs attract record eight-day cash inflow -TrimTabs

Nov 21 (Reuters) - Investors moved $45.7 billion into

U.S.-listed equity exchange-traded funds (ETFs) in the eight

trading days ended Thursday, Nov. 17, in the biggest

eight-session inflow on record,...

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U.S. sells T-bills at lower interest rates

NEW YORK, Nov 21 (Reuters) - The U.S. Treasury Department

said on Monday it sold a combined $72 billion in three-month and

six-month bills at lower interest rates than the previous week'

levels as...

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After Trump and Brexit, French voting hard to call

* Fillon raced from behind to smash most optimistic

projections

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BRIEF-Potash Ridge retains Gateway Credit Partners for project financing

* Potash Ridge retains Gateway Credit Partners for project

financing

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ECB's Villeroy says after Brexit Europe should develop attractive financial industry

MADRID, Nov 21 (Reuters) - European Central Bank policymaker

Francois Villeroy said on Monday it was more important after

Britain's vote to leave the European Union for the euro area to

develop an...

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BRIEF-Modine Manufacturing enters into third amended, restated credit agreement

* Entered third amended, restated credit agreement restating

existing $175 million second amended and restated credit

agreement

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UPDATE 1-Washington can now help relieve 'only game in town' Fed -Fischer

* Economy doing 'reasonably well', in 'vicinity' of goals

(Adds comments on Dodd-Frank, dollar, policy; political

context)

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UPDATE 2-Citi and JPMorgan top list of globally systemic banks

LONDON, Nov 21 (Reuters) - Citi has joined JPMorgan

at the top of global regulators' list of systemically

important banks, replacing HSBC and meaning the U.S.

bank will have to hold extra capital...

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BRIEF-EXO U enters into a Letter Agreement for a secured Credit facility of up to $4 Million

* EXO U Inc - credit facility to include initial facility of

up to $2.5 million, subject to approval of ACG, an additional

facility of up to $1.5 million

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BRIEF-The New York Times Company names Diane Brayton general counsel

* New York Times Co - Kenneth Richieri, who has served as

general counsel of New York Times Company since 2006, will

retire on December 31, 2016

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Washington can now help relieve 'only game in town' Fed -Fischer

NEW YORK, Nov 21 (Reuters) - The Federal Reserve's

second-in-command was the latest to wade into a post-election

debate over what policies the new U.S. government should pursue,

saying on Monday...

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Egypt's NBE says new high-yield deposit certificates raise 85 bln pounds

CAIRO, Nov 21 (Reuters) - National Bank of Egypt's (NBE)

high-yielding certificates of deposit, launched when the central

bank floated the pound this month, have raised 85 billion pounds

($5...

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BRIEF-Gastar Exploration reports current borrowing base of $85 mln

* Gastar Exploration - November 2016 revolving credit

facility borrowing base redetermination resulted in a current

borrowing base of $85 million

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EMERGING MARKETS-China, Turkey FX extend losses to buck firmer emerging markets

By Karin Strohecker

LONDON, Nov 21 (Reuters) - Emerging stocks and currencies

struggled higher on Monday as the post-U.S. election rise in the

dollar and U.S. yields lost some steam, though...

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CEE MARKETS-Most assets little changed; Polish data due

* Currencies up less than 0.1 pct vs euro

* Bonds firm or flat, stocks mixed

* Zloty ignores minister's comments on rate cuts

* Polish industry, retail data are due at 1300 GMT

By...

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Portugal's 10-year bond yield rises to nine-month high

LONDON, Nov 21 (Reuters) - Portugal's 10-year government

bond yield rose to its highest level in more than nine months on

Monday, as peripheral markets continued to bear the brunt of

selling in a...

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RPT-ECB fears populist backlash after Trump's win: sources

FRANKFURT, Nov 18 (Reuters) - European Central Bank

officials are growing increasingly worried that Donald Trump's

victory in the U.S. presidential race may harm the euro zone by

hurting trade with...

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UPDATE 1-Fillon, Juppe kick off race for support for French presidential ticket

* Another battle looming between mainstream and populist

(Adds analyst quotes)

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Sunday, November 20, 2016

Turkey - Factors to Watch on Nov 21

ISTANBUL, Nov 21 (Reuters) - Here are news, reports and

events that may affect Turkish financial markets on Monday.

Read more
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GLOBAL MARKETS-Asian shares on the defensive as U.S. yields, dollar rise

TOKYO, Nov 21 (Reuters) - Asian shares were on the defensive

on Monday, undermined by fears that the strength in the U.S.

dollar and rising U.S. bond yields since Donald Trump's election

to president...

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PRESS DIGEST- British Business - Nov 21

Nov 21 (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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France's Juppe says best conservative candidate to stop far-right

PARIS, Nov 20 (Reuters) - French presidential hopeful Alain

Juppe cast himself as the best candidate to stop the far-right

National Front party to win the presidential election in May

after he...

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France's Sarkozy recognises defeat, backs Fillon for conservative ticket

PARIS, Nov 20 (Reuters) - Ex-French president Nicolas

Sarkozy on Sunday recognised his defeat in the conservative

nomination contest for the 2017 presidential election and threw

his weight behind...

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French conservative primaries contender Kosciusko-Morizet backs Juppe for run-off

PARIS, Nov 20 (Reuters) - French conservative contender

Nathalie Kosciusko-Morizet, a former environment minister set to

come fourth in Sunday's first round of the centre-right primary

for the 2017...

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RPT-UPDATE 5-Merkel says she will seek 4th term as German chancellor

* Merkel tells leading party members of her intention at

meeting

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Contender Le Maire backs Fillon for next Sunday's French conservative primary runoff

PARIS, Nov 20 (Reuters) - French conservative primary

contender Bruno Le Maire, seen as having come fourth in the

contest, threw his weight behind former prime minister Francois

Fillon on Sunday.

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AIG eyes 'direct investments' in mortgages -FT.com

Nov 20 (Reuters) - Insurer American International Group, or

AIG, is looking to move into residential property loans with

plans to make what company representatives called direct

investments in...

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Merkel says wants to run for 4th term as German Chancellor

BERLIN, Nov 20 (Reuters) - Angela Merkel confirmed on Sunday

that she will seek a fourth term as German Chancellor in next

year's election, ending months of speculation.

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High turnout at French conservative primaries, organiser says

PARIS, Nov 20 (Reuters) - Voter turnout in France's first

ever conservative presidential primary election was high on

Sunday, topping 2.5 million by 5 pm (1600 GMT), the election's

organiser Thierry...

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Merkel's Bavarian allies welcome her decision to run for 4th term

MUNICH, Germany, Nov 20 (Reuters) - The head of German

Chancellor Angela Merkel's conservative allies in Bavaria

welcomed her decision on Sunday to run for a fourth term in next

year's election.

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UPDATE 1-Saudi makes $10.7 bln of delayed payments to private sector -exec quoted

* 40 bln riyals in recent payments to private sector- exec

quoted

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UPDATE 1-Merkel expected to say she will seek fourth term as German chancellor

* Merkel viewed as stabilising force after Trump win, Brexit

vote

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UPDATE 1-French conservatives choose candidate for next year's presidential election

* Confidence in opinion polls shaken by Trump, Brexit votes

(Writes through with voter quotes)

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Britain must be able to transition smoothly out of EU -Hammond

LONDON, Nov 20 (Reuters) - Britain must be able to

transition smoothly when it leaves the European Union and that

will be an important part of negotiations with the bloc, finance

minister Philip...

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Egypt's three and nine-month t-bill yields fall in weekly auction

CAIRO, Nov 20 (Reuters) - Yields on Egypt's three- and

nine-month Treasury bills fell at an auction on Sunday, data

from the central bank showed.

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UK's Hammond pledges to spread wealth, but debt "eye-wateringly" high

LONDON, Nov 20 (Reuters) - British finance minister Philip

Hammond said on Sunday he would aim to help struggling families

and boost the country's long-term growth prospects when he

announces...

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Saudi makes $10.7 bln of delayed payments to private sector -exec quoted

DUBAI, Nov 20 (Reuters) - Saudi Arabia's government has made

payments of 40 billion riyals ($10.7 billion) that it owed to

private sector companies, the kingdom's Arab News newspaper

quoted a senior...

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Credit Suisse moves towards Swiss bank spin-off

ZURICH, Nov 20 (Reuters) - Credit Suisse has moved

more than 1 million customers into a new Swiss bank which goes

live on Sunday, a step towards what could be Switzerland's

biggest stock market...

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Saturday, November 19, 2016

French in centre-right primary to pick presidential candidate to face Le Pen

PARIS, Nov 20 (Reuters) - Conservative presidential hopefuls

in France face the judgment of voters in a primary race on

Sunday and the victor looks likely to win the presidency in next

spring's...

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Merkel expected to say she will seek fourth term as German chancellor

BERLIN, Nov 20 (Reuters) - Angela Merkel is set to announce

on Sunday she will seek a fourth term as German chancellor in

next year's election, ending months of speculation over whether

one of the...

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Germany's Merkel says to spend more on infrastructure in election year

BERLIN, Nov 19 (Reuters) - German Chancellor Angela Merkel

promised on Saturday to increase investment in infrastructure in

Europe's biggest economy in 2017, an election year, without

resorting to...

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Fed's Powell sees process of eliminating trade barriers on hold

SAN FRANCISCO, Nov 18 (Reuters) - Federal Reserve Governor

Jerome Powell said on Friday that while there are still barriers

to world trade that could be eliminated, it looks like that

process could...

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Friday, November 18, 2016

UPDATE 3-Mexico leaves door open for another rate hike in 2016

MEXICO CITY, Nov 18 (Reuters) - Mexico could raise interest

rates again before the end of 2016, Central Bank Governor

Agustin Carstens said on Friday as the country tries to curb

inflationary...

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EMERGING MARKETS-Mexican peso extends losses on Trump woes

(New throughout, updates prices and market activity, adds

table)

MEXICO CITY, Nov 18 (Reuters) - The Mexican peso and other

Latin American currencies weakened on Friday, as investors

worried that...

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Fed's Powell says Asian economies should boost domestic demand

SAN FRANCISCO, Nov 18 (Reuters) - Federal Reserve Governor

Jerome Powell on Friday said export-oriented Asian economies

should respond to the sharp slowdown in global trade in the last

few years by...

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UPDATE 1-Speculators net long in 10-year T-notes, record net short in Eurodollar

* Speculators turn net long after bond market sell-off

* Inflation fears push U.S. 10-year yield to 11-month high

* Rate hike view helps push record net short in Eurodollar

(Adds...

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U.S. consumer agency seeks full court review of ruling against its structure

WASHINGTON, Nov 18 (Reuters) - The U.S. Consumer Financial

Protection Bureau late on Friday asked the entire U.S. Court of

Appeals for the District of Columbia to review an October

decision that its...

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BRIEF-Saint Jean Carbon announces up to $1 mln private placement

* Saint Jean Carbon -co intends to use proceeds of offering

on co's exploration and development expenditures on its mineral

properties located in Quebec

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BRIEF-Artisan Partners Asset Management says board of Artisan Partners Funds approves plan to liquidate Artisan Global Small Cap Fund

* Artisan Partners Asset Management - board of directors of

Artisan Partners Funds, Inc has approved a plan to liquidate

Artisan Global Small Cap Fund

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CANADA FX DEBT-C$ dips vs surging greenback as core inflation cools

* Canadian dollar ends at C$1.3513, or 74.00 U.S. cents

* Bond prices mixed across steeper yield curve

* Canada-U.S. 10-year spread reaches widest since January

By Fergal Smith

...

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BRIEF-Moody's downgrades Uganda's rating to B2, maintains stable outlook

* Despite anticipated deterioration in government's fiscal

metrics, credit fundamentals will remain commensurate to peers

at the B2 level

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GLOBAL-MARKETS-Dollar at strongest since 2003; bond selloff resumes

* Oil down for day on strong dollar, up for week on OPEC

hope

(Updates prices, comments)

Read more
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BRIEF-Pfizer announces pricing of tender offer for any and all of its 6.200 pct senior notes due March 15, 2019

* Pfizer announces pricing of tender offer for any and all

of its 6.200 pct senior notes due March 15, 2019

Source text for Eikon:

Further company coverage:

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BRIEF-Ocean Bio-Chem says entered into a business loan agreement - SEC filing

* On November 17, 2016, Ocean Bio-Chem, Inc and Regions

Bank entered into a business loan agreement - SEC filing

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BRIEF-iFabric Corp announces extension of warrant expiry

* iFabric Corp- Warrants due to expire on December 13, 2016,

and have been extended to now expire December 13, 2017

Source text for Eikon:

Further company coverage:

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LATAM CLOSE-No US dollar deals this week in LatAm primary

* Pemex closes US$1.5bn revolver

* Fitch upgrades Dominican Republic to BB- from B+

* Mexico central bank does not rule out other hike in 2016

* Mexico's market carnage spawns buying...

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BRIEF-S&P affirms ratings for Swiss Confederation at 'AAA/A-1+'

* S&P - Swiss Confederation 'AAA/A-1+' ratings affirmed;

Outlook stable

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TREASURIES-Benchmark yields rise to new highs, on pace for biggest 2-week rise in years

* 10-year yields on pace for largest 2-week rise since 2009

(Updates to midday trading)

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Post-election markets not concerning for Fed policy plan -Dudley

NEW YORK, Nov 18 (Reuters) - The post-election market

reaction is not concerning in terms of planned interest rate

rises, an influential Federal Reserve official said on Friday,

because the bond...

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SEC approves FINRA plan to disclose mark ups in bond prices

Nov 18 (Reuters) - The Financial Industry Regulatory

Authority (FINRA) said the U.S. Securities and Exchange

Commission had approved a plan that would require brokerage

firms to disclose how much...

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China's Alibaba buys into supermarket chain Sanjiang Shopping

HONG KONG, Nov 18 (Reuters) - China's e-commerce giant

Alibaba Group Holding Ltd plans to invest 2.1 billion

yuan ($305 million) in supermarket chain Sanjiang Shopping Club

Co Ltd to further expand...

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EURO DEBT SUPPLY-Four euro zone countries to sell bonds next week

LONDON, Nov 18 (Reuters) - Slovakia, Belgium, Finland and

Germany are the euro zone members scheduled to hold bond

auctions next week.

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BRIEF-Spring Bank Pharma says announces financing of $15 mln

* Spring bank pharmaceuticals-proceeds to be used to fund

further advancement of spring bank's pipeline of small molecule

nucleic acid hybrid molecules

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Deutsche Bank looking to cut back U.S. mortgage securitisation - sources

FRANKFURT/LONDON, Nov 18 (Reuters) - Deutsche Bank is

looking to cut its loan securitisation business further starting

with repackaged U.S. mortgages, two people familiar with the

matter said, as the...

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GLOBAL-MARKETS-Dollar charges to 14-year high, bond tantrum in full swing

* Turkish lira at record low, EM stocks set for 4th week of

losses

(Updates throughout, adds comment)

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UPDATE 1-Bond index slide is latest sign that debt's long rally is ending

* Banks up forecasts, negative yield universe shrinks

(Adds other gauges)

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UPDATE 1-EU watchdogs to get more powers to freeze bank payments- EU draft law

BRUSSELS, Nov 18 (Reuters) - Euro zone banks could be forced

by watchdogs to suspend their payments to some creditors for a

maximum of five days if there are risks of bank failure, a draft

EU law...

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UPDATE 1-Fed's Bullard leaning towards supporting December rate hike

FRANKFURT, Nov 18 (Reuters) - Federal Reserve policymaker

James Bullard is leaning towards supporting an interest rate

increase in December, he said on Friday, adding that a plethora

of potential...

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GLOBAL MARKETS-Dollar charges to 14-year high, bonds in full swing

* Turkish lira at record low, Mexican peso soft despite rate

hike

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Share of euro zone sovereign debt with negative yields falls to 41 pct - Tradeweb

LONDON, Nov 18 (Reuters) - The share of euro zone government

debt with negative yields has fallen to 41 percent from 45

percent in October, as investors position for higher inflation

after the...

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GLOBAL MARKETS-Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

* U.S. bond yields near 1-year peak after solid U.S.

economic data

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Italy's borrowing costs set for biggest two-week spike since debt crisis

LONDON, Nov 18 (Reuters) - Italian borrowing costs were set

for their biggest two-week rise since the 2012 euro zone debt

crisis on Friday, bearing the brunt of a sell-off that has

gripped global...

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Thursday, November 17, 2016

China allows foreign hedge funds to enter interbank bond market

HONG KONG, Nov 18 (Reuters) - A total of 419 institutions

and fund products completed registration to enter China's

domestic interbank bond market in October, including fund

products under global...

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Turkey - Factors to Watch on Nov 18

ISTANBUL, Nov 18 (Reuters) - Here are news, reports and

events that may affect Turkish financial markets on Friday.

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BRIEF-Fitch affirms Alibaba at 'A+' with a stable outlook

* Fitch - rating reflects alibaba's dominant position in

china's online shopping market

Source text for Eikon:

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GLOBAL MARKETS-Rising U.S. yields help dollar to 13-1/2 year high, Asian shares slip

TOKYO, Nov 18 (Reuters) - Asian share markets weakened on

Friday as rising U.S. bond yields carried the dollar to a more

than 13-1/2 year high against a basket of major currencies,

fuelled by...

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GLOBAL MARKETS-Dollar soars on U.S. yield gains, Asian shares wobbly

TOKYO, Nov 18 (Reuters) - The dollar vaulted to 13 1/2-year

highs against a basket of major currencies as U.S. bond yields

rose, leaving Asian stocks vulnerable to potential rotation out

of emerging...

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Oversight body approved for Amtrak's $24 bln Gateway project

NEW YORK, Nov 17 (Reuters) - A regional transportation

authority for New York and New Jersey on Thursday approved the

formation of a municipal corporation to oversee construction of

Amtrak's massive...

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UPDATE 1-U.S. high-yield muni bond fund outflows set record

(Adds quotes, muni market context; recasts with record flows)

By Hilary Russ

Nov 17 (Reuters) - U.S. municipal high-yield bond fund

outflows set a record during the week ending Nov. 16,...

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UPDATE 1-Investors flood U.S. stock ETFs with most cash ever on Trump win -Lipper

(Recasts; Adds data on mutual funds and ETFs, analyst quote,

table, byline)

By Trevor Hunnicutt

NEW YORK, Nov 17 (Reuters) - Investors turned on a dime

after Donald Trump's surprise victory...

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BRIEF-Paramount Resources Ltd announces that its senior unsecured notes due 2019 will be redeemed

* Paramount Resources Ltd announces that its senior

unsecured notes due 2019 will be redeemed

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BRIEF-Freddie Mac prices $220 million multifamily K-deal, K-j09

* Expects to issue about $220 million in K certificates

(K-j09 certificates), which are expected to settle on or about

Nov 30, 2016

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BRIEF-NuStar Energy announces pricing of preferred units

* NuStar Energy - priced public offering of 8 million of

8.50% series a fixed-to-floating rate cumulative redeemable

perpetual preferred units

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BRIEF-HFF arranges $200 mln financing on behalf of Clarion Partners

* HFF arranges $200 million financing on behalf of Clarion

Partners for 9-property national mixed-use portfolio

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Andreessen Horowitz leads $15 mln investment in PeerStreet

NEW YORK, Nov 17 (Reuters) - Venture capital firm Andreessen

Horowitz has led a $15 million investment in PeerStreet, a

financial technology startup that gives individual investors

access to real...

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Obama embraces Merkel in Germany visit, prods Trump on Russia

BERLIN, Nov 17 (Reuters) - U.S. President Barack Obama gave

a strong endorsement of German Chancellor Angela Merkel on

Thursday and used a visit to Berlin to warn Russia about

consequences for...

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UPDATE 1-EU bail-in inappropriate for systemic banking crisis -Juncker aide

BRUSSELS, Nov 17 (Reuters) - European Union bail-in rules to

reduce taxpayers' costs in bank rescues may not be appropriate

if a banking crisis is systemic, a senior European Commission

official said...

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Puerto Rico Treasury says FY2017 revenues are net positive

Nov 17 (Reuters) - Puerto Rico's treasury secretary on

Thursday said the U.S. territory's revenues for fiscal year 2017

are positive, after general fund net revenues for October came

in nearly 12...

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Soaraway dollar poses risk to 2017 global economy, financial stability

LONDON, Nov 17 (Reuters) - The dollar is at a 14-year high.

That might sound like America is being made great again, but it

could undermine economic growth in the United States and

elsewhere and pose...

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UPDATE 3-Insurer WellCare Health to buy Universal American for $600 mln

* Analysts see WellCare as an attractive Plan B takeout

target

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BRIEF-Fitch : Rating outlook for Latin American airlines remains negative

* Rating outlook for Latin American airlines remains

negative

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BRIEF-PDL BioPharma modifies Direct Flow financing proposal from equity investment to loan - SEC filing

* Company is evaluating its alternatives regarding its

investment in Direct Flow Medical in light of modified proposal-

SEC filing

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UPDATE 1-Yellen says Fed could raise interest rates 'relatively soon'

WASHINGTON, Nov 17 (Reuters) - The Federal Reserve could

raise U.S. interest rates "relatively soon" if economic data

keeps pointing to an improving labor market and rising

inflation, Fed Chair Janet...

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GLOBAL MARKETS-Dollar charge pauses as bond bashing relents

* Crude climbs on Saudi optimism, gold trims some of its big

losses

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RPT-CalSTRS calculates total fees in likely first for public pension

Nov 17(Reuters) - The California State Teachers' Retirement

System announced on Wednesday that it had calculated the total

costs and fees paid to manage its entire investment portfolio,

likely the...

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UPDATE 2-Euro zone bond yields fall after BOJ fires warning shot

* Fed's Yellen to give testimony later in day

(Updates prices, auction results)

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EMERGING MARKETS-Emerging assets tread water before Mexican c.bank, Fed's Yellen

LONDON, Nov 17 (Reuters) - Emerging markets mostly trod

water on Thursday ahead of testimony by U.S. Federal Reserve

chief Janet Yellen and a central bank meeting that could deliver

a steep...

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German FinMin sees no room for more fiscal stimulus in euro zone

BERLIN, Nov 17 (Reuters) - The German Finance Ministry on

Thursday rejected a call by the European Union's executive for

governments in the 19-country euro zone to spur growth and jobs

by loosening...

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FOREX-Dollar pulls back ahead of Yellen testimony

* Dollar index pulls back after hitting highest since April

2003

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UPDATE 1-Euro zone bond yields fall after BOJ fires warning shot to markets

LONDON, Nov 17 (Reuters) - Euro zone government bond yields

fell on Thursday, pulling away from multi-month highs after the

Bank of Japan fired a warning shot to markets not to push

borrowing costs...

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UPDATE 1-India acts to help farmers hit by black money crackdown

NEW DELHI, Nov 17 (Reuters) - India's government on Thursday

announced immediate steps to ease a cash crunch for farmers amid

widespread criticism of Prime Minister Narendra Modi's shock

decision to...

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INSIGHT-RBS rejected Goldman, Deloitte warning over 2008 cash call, lawsuit alleges

LONDON, Nov 17 (Reuters) - Just hours before Royal Bank of

Scotland launched a massive cash call in 2008 to shore

up its capital, the bank's senior advisers were still discussing

whether its...

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Wednesday, November 16, 2016

Mexico central bank may deliver big rate hike after peso's Trump tumble

MEXICO CITY, Nov 17 (Reuters) - Mexico's central bank could

deliver a bigger-than-expected interest rate hike on Thursday in

a bid to support the peso after the currency was hammered to a

record low...

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UPDATE 2-BOJ fights off spike in JGB yields in test of revamped bond-purchase plan

TOKYO, Nov 17 (Reuters) - The Bank of Japan on Thursday

fired a warning shot to markets by offering to buy unlimited

bonds for the first time under a revamped policy framework, as

domestic debt...

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BRIEF-Fitch - Frothy thermal coal prices point to downside pressures in 2017

* Fitch - Frothy thermal coal prices point to downside

pressures in 2017

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UPDATE 1-Republic Airways plans to emerge from bankruptcy early next year

Nov 16 (Reuters) - Regional carrier Republic Airways

Holdings Inc, which sought Chapter 11 bankruptcy

protection in February, said on Wednesday it filed a plan to

emerge from bankruptcy in the first...

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BRIEF-Hollyfrontier Corporation announces pricing of offering of $750 million of 5.875% senior notes due 2026

* Hollyfrontier Corporation announces pricing of offering of

$750 million of 5.875% senior notes due 2026

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BRIEF-Republic Airways files plan of reorganization

* Republic Airways files plan of reorganization, intends to

emerge from chapter 11 in Q1-2017

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Dollar pares losses against yen after BOJ's special operations

TOKYO, Nov 17 (Reuters) - The dollar pared losses against

the yen on Thursday, briefly turning positive on the day, after

the Bank of Japan announced special buying operations for

Japanese government...

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CalSTRS calculates total fees in likely first for public pension

Nov 16 (Reuters) - The California State Teachers' Retirement

System announced on Wednesday that it had calculated the total

costs and fees paid to manage its entire investment portfolio,

likely the...

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UPDATE 1-Fed's Harker says he supports an interest rate hike

PHILADELPHIA, Nov 16 (Reuters) - Philadelphia Federal

Reserve President Patrick Harker said he favored raising

interest rates and that the U.S. central bank might have to hike

more aggressively if...

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EMERGING MARKETS-Latam currencies seesaw on Trump policy uncertainty

By Bruno Federowski

SAO PAULO, Nov 16 (Reuters) - Latin American currencies

seesawed on Wednesday as concerns over a potential global trade

shock under U.S. President-elect Donald Trump gave way...

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BRIEF-BeiGene announces proposed public offering

* BeiGene Ltd - public offering of $175 million of its

American depositary shares

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UPDATE 1-U.S. Treasury chief defends Dodd-Frank's regulator council

WASHINGTON, Nov 16 (Reuters) - The U.S. Treasury Secretary

on Wednesday offered a heartfelt defense of the Financial

Stability Oversight Council made up of the heads of the major

regulatory agencies,...

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