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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.
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Fitch Ratings has assigned US-listed China- based Xinyuan Real Estate Co., Ltd.' s senior unsecured USD200m 13.25% notes a final' B+' rating. The assignment of the final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 18 April 2013.
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April 29- TGC Industries Inc:. *Q1 earnings per share $0.29* Q1 revenue $63.2 million. *Says backlog at the end of the first quarter was approximately $40 million.
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HONG KONG/ SINGAPORE, April 29 Fitch Ratings has assigned Sinochem Global Capital Co., Ltd.' s USD600m perpetual capital securities a' BBB-' rating.
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April 29- UNS Energy Corp:. *Q1 earnings per share $0.27. *Qtrly total operating revenues $332.1 million.
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Revenue from sources other than Google rose to 34 percent of total revenue in the quarter from 18 percent a year earlier. Since the end of the quarter the company increased its revenue from sources other than Google to over 50 percent.
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HONG KONG/ SINGAPORE, April 29 Fitch Ratings has assigned US-listed China- based Xinyuan Real Estate Co., Ltd.' s senior unsecured USD200m 13.25% notes a final' B+' rating. The assignment of the final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 18 April 2013.
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ISTANBUL, April 29- Turkey's Garanti Bank. said on Monday it had mandated 24 banks to obtain one-year syndicated loan from international markets. The lender made the statement to the Istanbul stock exchange.
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*Continues trend of strong results from UAE banks. ABU DHABI, April 29- First Gulf Bank, the second-largest bank in the United Arab Emirates by market value, posted a 12 percent increase in first-quarter net profit on Monday on the back of higher net interest income, but missed the average forecast of analysts.
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*Shares to be offered for 54- 56.50 euros/ share- sources. FRANKFURT, April 29- German media conglomerate Bertelsmann has narrowed the price range for the placement of part of its stake in RTL Group to between 54 and 56.50 euros per share, the lower end of the previous range, two people familiar with the process told Reuters on Monday.
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April 29- Two of life's certainties, goes the clich, are death and taxes. To those I guess you could add dumb-ass soap operas and inane TV talent shows.
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ABU DHABI, April 29- First Gulf Bank, the second-largest lender in the United Arab Emirates by market value, posted a 12 percent increase in first-quarter net profit on Monday but missed the average forecast of analysts. FGB made a net profit of 1.05 billion dirhams in the first three months of 2013, up from 934.7 million dirhams in the same period of last year.
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JOHANNESBURG, April 29- Trencor Ltd:.
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Fitch Ratings has affirmed the ratingsLong-Term Foreign Currency and Local Currency Issuer Default Rating PT. Indosat Tbk at' BBB'. Support from Parent: Rating' BBB' from Indosat representing an increase ofthree notches from stand-alone credit profile Indosat at' BB' due to the rolestrategic importance to its parent company- Ooredoo, which has a 65% stake.
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HONG KONG, April 29- China coal shares led losses among commodity and industrial sectors in Hong Kong on Monday after disappointing quarterly earnings doused recovery hopes, capping broader market gains. The benchmark Hang Seng Index ended up 0.2 percent at 22,580.8 points, as strength for index heavyweight HSBC Holdings.
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HONG KONG, April 29- China coal shares led losses among commodity and industrial sectors in Hong Kong on Monday after disappointing quarterly earnings doused recovery hopes, capping broader market gains.
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ACCRA, April 29- Standard Chartered Bank Ghana. said on Monday its net profits during the first three months of 2013 rose 75.4 percent to 136.288 million cedis, from 77.676 million cedis a year ago.
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ACCRA, April 29- Ghana Commercial Bank said on Monday its net profit in the first three months of 2013 jumped 118.3 percent to 51.067 million cedis from 23.384 million during the same period a year ago.
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MOSCOW, April 29- PIK Group, one of Russia's largest homebuilders, said on Monday that its 2012 net profit after one-offs and non-cash transactions reached 3.1 billion roubles, recovering from a 1 billion roubles loss a year earlier.
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*VTB shares up 0.9 pct, outperform, after $3.3 bln offer. MOSCOW, April 29- Shares in Russia's second largest bank VTB rose on Monday, as investors digested a $3.3 billion stock offering in a market thinned ahead of public holidays. While the Moscow exchange will be open throughout the week except for Wednesday, Russians will have a three-day holiday.