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Diversified Financials Capital Markets

  • BRAZIL GOV'T HAS "KEY ROLE" TO PLAY IN SELECTION OF NEW VALE CEO DUE TO PENSION FUND INVESTMENTS- MINING MINISTER.

  • *Rights issue to begin March 21. FRANKFURT, March 5- Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 21,...

  • *Rights issue to begin March 21. FRANKFURT, March 5- Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 21,...

  • FRANKFURT, March 5- Deutsche Bank is planning to raise capital, list its asset management business and realign its divisions as it seeks to reinvent itself after spending about two years dealing with past misdeeds and massive losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 20, it said on Sunday.

  • LONDON, March 4- Standard Life and Aberdeen Asset Management, two of Scotland's most well-known financial firms, are in talks over an 11 billion pound tie-up to create Britain's largest investment manager. That is more than double those of Henderson Group and Janus Capital Group, which last year agreed their own $6 billion all-share merger, as well as Schroders,...

  • LONDON, March 4- Aberdeen Asset Management and Standard Life, two of Scotland's most well-known financial firms, said on Saturday they were in talks over an 11 billion pound merger to create one of the world's largest active investment managers. Together, they would manage assets of about 660 billion pounds for a range of retail and institutional clients, more...

  • *Standard Life investors would own two thirds of new firm. LONDON, March 4- Aberdeen Asset Management and insurer Standard Life said on Saturday they were in talks over a possible 11 billion pound merger that would put them among the world's largest active investment managers. "Further to the recent press speculation the Boards of Standard Life and Aberdeen...

  • LONDON, March 4- Scottish fund manager Aberdeen Asset Management and insurer Standard Life are exploring a possible merger, the two companies said in a statement. Aberdeen shareholders would own 33.3 percent of the combined group under the terms of the potential merger, with Standard Life shareholders owning the other 66.7 percent, the companies said.

  • March 3- Activist hedge fund Elliott Management Corp said on Friday it had entered into a standstill agreement with U.S. healthcare services company Advisory Board Co. Elliott Associates, a unit of Elliott Management, disclosed an 8.3 percent stake in Advisory Board in January, calling the stock "undervalued." The stake makes Elliott the company's largest...

  • *Q1 adjusted EPS C $1.33 vs forecast C $1.27. TORONTO, March 2- Toronto-Dominion Bank, Canada's second-biggest lender, on Thursday reported quarterly earnings ahead of market expectations, helped by a strong performance in both the United States and Canada. Earnings per share, before one-off items, in the first quarter ended Jan. 31 rose to C $1.33, compared with C...

  • ALMATY, March 2- Kazakhstan's two biggest lenders have provisionally agreed a deal for Halyk Bank to take over its bigger rival Kazkommertsbank, they said on Thursday. The former Soviet republic has has struggled to recover from the financial crisis of the late 2000 s and the banking sector has been beset by bad loans since the sharp slide in the price of oil,...

  • ZURICH, March 2- Credit Suisse expects higher lending to the world's wealthiest individuals will help its big bet on wealth management pay off. Around a third of the 30.2 billion Swiss francs of net new assets taken in last year at its International Wealth Management and Asia Pacific divisions came via lending, according to Chief Financial Officer David...

  • TORONTO, March 2- Toronto-Dominion Bank, Canada's second-biggest lender, on Thursday reported quarterly earnings ahead of market expectations, helped by a strong performance in both the United States and Canada. TD said earnings per share in the first quarter ended Jan. 31 rose to C $1.32, compared with C $1.17 a year ago. Overall net income rose to C $2.5 billion...

  • ALMATY, March 2- Kazakhstan's two biggest lenders have provisionally agreed a deal whereby Halyk Bank will take over its bigger rival Kazkommertsbank, they said on Thursday. The central bank said that the state-owned' bad bank', the Problem Loans Fund, planned to purchase bad assets from Kazkommertsbank, majority-owned by local businessman Kenges Rakishev, but...

  • Saudi CMA: No change to capital market policy after US election

    Mohammed El-Kuwaiz of the Capital Market Authority, Kingdom of Saudi Arabia, says geopolitics and capital market policy remain independent of one another.

  • Saudi CMA: We need to integrate capital market with rest of world

    Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia, talks about the growth of the Saudi capital market.

  • Saudi CMA: Doesn't matter who's technically superior if you can't play well

    Settlement cycle changes and new QFI rules are among the country's new integration measures, explains Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia.

  • Saudi market authority: 'Quite encouraged' with bond issue response

    October's successful sovereign bond sale indicated strong investment interest, said Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia.

  • Does Singapore stand a chance with the Aramco listing?

    Aramco's international listing destination will be decided by the IPO's underwriters and advisers, warned Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia.

  • HONG KONG, March 2- A subsidiary of BlackRock Inc has become the first United States- based asset manager to be awarded a Renminbi Qualified Foreign Institutional Investor quota to invest in China's capital markets. On Thursday, BlackRock said that an 11 billion yuan quota was granted to BlackRock Fund Advisors by China's State Administration of Foreign...