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May 2- Elan Corporation PLC:. *Royalty pharma- submits formal cash offer for Elan Corporation; offer price. reflects $1 billion Dutch auction strikeprice of $11.25 per Elan share.
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May 2- Canadian Solar Inc:. earnings release and conference call for may 28. *For Q1, Canadian Solar expects solar module shipments to be in the range of.
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The company's net profit rose to $72.3 million, or 59 cents per share, from $26.9 million, or 22 cents per share, a year earlier.
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BEIJING, May 2- China will scrap some requirements for government approvals in applications by companies to issue debt in foreign currency, in an effort to push forward reform of its foreign exchange system, the country's foreign exchange regulator said on Thursday.
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*Cermaq shares soar 20 pct* Analysts say fair value much higher. OSLO, May 2- Marine Harvest, the world's biggest fish farmer, took its $1.7 billion hostile bid for state-controlled rival Cermaq directly to Norway's trade minister on Thursday after the firm's board rejected its initial bid.
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May 2- Cigna Corp on Thursday reported a 39 percent rise in first-quarter earnings, beating analysts' expectations, as the insurer benefited from its acquisition of Medicare specialist HealthSpring and international growth, particularly in South Korea.
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May 2- Manulife Financial Corp, Canada's largest insurer, reported a lower first-quarter profit on weak insurance sales and higher expenses.
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SINGAPORE, May 2- Asian Pay Television Trust, backed by funds linked to Australia's Macquarie Group Ltd, plans to raise up to $1.1 billion in a Singapore IPO, betting on investor demand for high-yield securities to finance the purchase of Taiwan's third largest cable TV operator.
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May 2- Ambit Biosciences Corp:. *Ambit biosciences corp sees IPO of 4.6 million shares of its common stock. priced between $13.00 and $15.00 per share- SEC filing.
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HONG KONG, May 2- Sinopec Kantons Holdings, a logistics and trading unit of state-owned Sinopec, plans to raise up to $353 million in a stock offering, according to a term sheet of the deal seen by Reuters on Thursday.
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May 2- Insys Therapeutics Inc:. *Insys therapeutics inc sees IPO of 4 million shares priced between $8.00 and. *Insys therapeutics inc had previously expected IPO of 4 million shares to be.
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May 2- Cigna Corp said on Thursday that its first-quarter profit rose 39 percent, excluding a previously announced charge, and revenue increased 21 percent.
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LONDON, May 2- Order books on Slovenia's planned dual-tranche US dollar benchmark bond issue will close at 1030 GMT for European and Asian accounts, according to market sources. BNP Paribas, Deutsche Bank and JP Morgan are the leads on the 144 A/Reg S transaction, which is expected to launch and price today. For more details on Slovenia's bond sale see:.
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A spokesperson for the BBC, said: "The BBC is, in the ordinary course of its business, in the process of implementing its group funding strategy. The spokesperson declined to say how much the BBC intended to raise, whether it had hired banks, or when the transaction would take place.
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MUMBAI, May 2- Indian shares rose on Thursday to mark their highest close since February, as interest rate-sensitive stocks gained on expectations the central bank will cut interest rates on Friday, while technology shares such as TCS rose on value buying. Mortgage lender Housing Development Finance Corp Ltd.
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May 2- Gray Television Inc:. *Q1 revenue fell 3 percent to $78.2 million. *Q1 earnings per share $0.02.
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SINGAPORE, May 2- Standard& Poor's downgraded its outlook for Indonesia's sovereign credit rating on Thursday to stable from positive, citing concerns about stalling reform momentum. "There is more evidence of structural economic improvement in the Philippines than in Indonesia in recent years.
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The notes are guaranteed by Hyva Holding B.V. and certain restricted subsidiaries. The withdrawal is due to the reorganisation of the Hyva Group following the acquisition of Hyva Holding by Hyva Global in 2011.. As a result, Hyva's revenue fell by more than 20% in 2012, especially in in its key markets, China and India.
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Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
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SINGAPORE, May 2- United Overseas Bank Ltd, the smallest of Singapore's three banks, posted a better-than-expected 4.9 percent rise in first quarter net profit on Thursday, helped by a jump in fees and commissions that offset a drop in loan margins. UOB earned S $722 million in the three months ended March, up from S $688 million a year earlier.