Reuters: Financials

RPT-Fitch Rates Korea Development Bank's Senior Unsecured EUR Notes 'AA-(EXP)'

Wed, 22 May 2013 08:45:34 GMT

May 22 (Reuters) - (The following statement was released by the rating agency)

New Issue- WGZ Bank prices 50 mln euro 2020 FRN

Wed, 22 May 2013 08:41:28 GMT

Borrower WGZ Bank AG Westdeutsche Genossenschafts

Fitch Rates Korea Development Bank's Senior Unsecured EUR Notes 'AA-(EXP)'

Wed, 22 May 2013 08:41:19 GMT

(The following statement was released by the rating agency) SEOUL, May 22 (Fitch) Fitch Ratings has assigned Korea Development Bank's (KDB) proposed long-term senior unsecured EUR-denominated notes an expected 'AA-(EXP)' rating. The notes will be issued under the bank's existing USD10bn global medium term note programme, last updated on 15 June 2012. The issue size and tenor have yet to be determined. The proceeds will be used for KDB's general corporate purposes, including repayment of mat

UPDATE 1-Indonesian MPs say proposed new bank law should limit foreign ownership

Wed, 22 May 2013 08:40:43 GMT

JAKARTA, May 22 (Reuters) - Indonesian MPs said they want a new banking law, under discussion since late last year, to limit foreign ownership to a maximum of 50 to 51 percent and suggested it could make it to the statute books by next year.

Egypt's EFG Hermes says Q1 net profit jumps 27 pct

Wed, 22 May 2013 08:40:39 GMT

CAIRO, May 22 (Reuters) - EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period a year earlier, the bank said on Wednesday.

Sinopec Engineering shares jump ahead of Hong Kong debut

Wed, 22 May 2013 08:40:33 GMT

HONG KONG, May 22 (Reuters) - Sinopec Engineering (Group) Co Ltd gained as much as 8.6 percent in gray market trading on Wednesday, underscoring expectations the stock will climb in its official debut on the Hong Kong stock exchange on Thursday.

Indonesian MPs say proposed new bank law should limit foreign ownership

Wed, 22 May 2013 08:38:15 GMT

Carlyle plans to raise $2 bln for Japan investments -sources

Wed, 22 May 2013 08:31:42 GMT

TOKYO, May 22 (Reuters) - U.S. private equity firm Carlyle Group LP is planning to raise 200 billion yen ($2 billion) for a third Japan fund to succeed its seven-year old second fund, with Japan's aggressive monetary easing helping to boost investor interest, people with direct knowledge of the matter said.

Weak luxury goods stocks weigh on European shares

Wed, 22 May 2013 08:27:40 GMT

* FTSEurofirst 300 down 0.3 pct, Euro STOXX 50 down 0.1 pct

AirAsia X sets indicative price for $300 mln Malaysia IPO-sources

Wed, 22 May 2013 08:26:01 GMT

KUALA LUMPUR, May 22 (Reuters) - Long-haul carrier AirAsia X, founded by entreprener Tony Fernandes, has set an indicative price of 1.45 ringgit ($0.48) per share for an initial public offering (IPO) in Malaysia worth more than $300 million, according to sources with knowledge of the deal.

FITCH PUBLISHES MACAO's 'AA-' RATINGS; OUTLOOK STABLE

Wed, 22 May 2013 08:25:09 GMT

HONG KONG, May 22 (Fitch) Fitch Ratings has published Macao's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'AA-'. The Outlooks are Stable. The agency has also published its Country Ceiling of 'AA+' and its Short-Term Foreign-Currency IDR of 'F1+'. Key Rating Drivers Macao's ratings are underpinned by its robust fiscal and external finances, as the gaming-driven economic boom brings in large tourism receipts and budget surpluses. However, heavy reliance on casino-r

High-profile CEO of S.Africa's FirstRand retail bank to step down

Wed, 22 May 2013 08:23:39 GMT

JOHANNESBURG, May 22 (Reuters) - South African lender FirstRand said on Wednesday the high-profile head of its retail arm would step down at the end of this year to be replaced by one of his deputies.

RPT-Fitch Affirms Bank of Taiwan at 'AAA(twn)'; Withdraws Ratings

Wed, 22 May 2013 08:21:56 GMT

May 22 (Reuters) - (The following statement was released by the rating agency)

China Property Digest: Home prices keep rising despite new curbs

Wed, 22 May 2013 08:19:33 GMT

BEIJING, May 22 (Reuters) - China's home prices are still on the rise despite stricter measures by the central government and major cities in the past few weeks to calm frothy real estate market.

Hong Kong shares close down 0.5 pct, Chinese power producers weak again

Wed, 22 May 2013 08:08:50 GMT

HONG KONG, May 22 (Reuters) - Hong Kong shares fell further from a 3-1/2-month high on Wednesday, with Chinese power producers extending losses, hit by a Citi downgrade on fears that a possible tariff cut could hurt profit margins.

STOCKS NEWS INDONESIA-CIMB cuts Bank Danamon to 'underperform'

Wed, 22 May 2013 08:08:12 GMT

CIMB Equity Research cut its rating on Indonesia's PT Bank Danamon to 'underperform' from 'buy', saying de-rating catalysts are expected from on-going acquisition uncertainty.

STOCKS NEWS PHILIPPINES-JV listing hopes lift Alliance Global

Wed, 22 May 2013 08:07:23 GMT

Shares in conglomerate Alliance Global Group Inc jumped 3.8 percent to a one-week high of 27.2 peso amid hopes of potential gains from a planned listing of its hotel joint venture, a Manila-based equity trader said.

BRIEF-FirstRand says Jacques Celliers appointed CEO of FNB division

Wed, 22 May 2013 08:02:47 GMT

JOHANNESBURG, May 22 (Reuters) - FirstRand Ltd : * Says michael jordaan will step down as chief executive officer of its fnb

BRIEF-Swedish central bank appoints two new policy board members

Wed, 22 May 2013 07:54:47 GMT

STOCKHOLM, May 22 (Reuters) - Swedish Central Bank : * New deputy governors - martin flodén and cecilia skingsley * says general council of the riksbank has today decided to appoint

UPDATE 1-Miner Afferro agrees to $190 mln offer from IMIC

Wed, 22 May 2013 07:51:55 GMT

LONDON, May 22 (Reuters) - West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC which could pave the way for its flagship iron ore project to be developed.

Nomura lifts retail client asset target amid Japan stock boom

Wed, 22 May 2013 07:48:32 GMT

TOKYO, May 22 (Reuters) - Japan's Nomura Holdings Inc said on Wednesday that it had raised its target for retail client assets to 100 trillion yen ($975 billion) by March 2016 after clearing the previous target of 90 trillion yen last month amid a sharp rally in Japanese stocks.

Abu Dhabi lender ADCB to price subordinated bond Wednesday

Wed, 22 May 2013 07:48:31 GMT

DUBAI, May 22 (Reuters) - Abu Dhabi Commercial Bank plans to raise at least $500 million from a benchmark-sized subordinated bond as early as Wednesday, the arranging bank for the deal said.

Indonesia to sell global bonds in second half

Wed, 22 May 2013 07:44:33 GMT

JAKARTA, May 22 (Reuters) - Indonesia plans to issue global bonds in the second half of this year, and dollar bonds in the domestic market in October, the head of the debt office said on Wednesday.

GLOBAL MARKETS-Dollar dips, shares mixed ahead of Bernanke testimony

Wed, 22 May 2013 07:43:26 GMT

* Dollar index dips 0.1 pct, Bund futures rise * Markets bets on 'no-change' signal from Fed chief * European shares steady near multi-year highs By Richard Hubbard LONDON, May 22 (Reuters) - The dollar dipped and benchmark Bund futures rose on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no tapering off of the bank's ultra-easy monetary policy. Ben Bernanke, who speaks before the Joint Economic Committee of the U.S.

BRIEF-C&W Comms "less confident" on Monaco disposal

Wed, 22 May 2013 07:40:05 GMT

LONDON, May 22 (Reuters) - Cable & Wireless Comms : * CFO says "less confident" on regulatory approval for Monaco disposal but "has plenty of options"