Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.» Read More
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.
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.
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.
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:.
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.
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.
May 2- Gray Television Inc:. *Q1 revenue fell 3 percent to $78.2 million. *Q1 earnings per share $0.02.
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.
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.
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.
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.
MANILA, May 2- Standard& Poor's raised the Philippines' credit rating to investment grade on Thursday, the second debt agency to do so in less than two months, putting the Southeast Asian country on track to attract more foreign capital flows which are vexing policymakers.
*India's main share index gains 1.41 percent, while the broader NSE index is up 1.37 percent, trading above the 6,000 level for the first time since Feb. 4. *Mortgage lender Housing Development Finance Corp Ltd. gains 2.3 percent, while State Bank of India Ltd.
LONDON, May 2- The Republic of Slovenia has reopened books on the dual-tranche US dollar bond offering it was forced to postpone two days ago, and is now offering a slightly higher yield following a Moody's downgrade earlier this week.
CAIRO, May 2- Ezz Steel, Egypt's biggest steel maker, said its 2012 net profit fell by more than half from the previous year to 250.4 million Egyptian pounds.
LONDON, May 2- Slovenia returned to the bond market on Thursday, seeking offers for a dual-tranche U.S. dollar issue at a slightly higher premium than initially intended, following a delay prompted by a Moody's downgrade to junk earlier this week.
LONDON, May 2- Slovenia returned to the bond market on Thursday, seeking offers for a dual-tranche US dollar issue at a slightly higher premium than initially intended, following a delay prompted by a Moody's downgrade to junk earlier this week.
MANILA, May 2- Standard& Poor's raised the Philippines' credit rating to investment grade on Thursday, the second debt agency to do so in less than two months, putting the Southeast Asian country on track to attract more foreign capital flows.
Dividend swap contracts on the Euro STOXX 50 index price in an overly bearish scenario for euro zone corporate payouts and can be a cheaper way to obtain yield than credit, according to BNP Paribas. Dividend swaps allow the holder to bet on the dividend paid by the underlying security.
Iraq's second-largest mobile operator said on Thursday it made a net profit of 662 billion dinars last year, on an 18 percent rise in revenue to 2.17 trillion dinars.