Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.» Read More
WASHINGTON/ MOSCOW, July 16- President Barack Obama imposed the toughest U.S. sanctions yet on Russia, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over what Washington says is Moscow's failure to curb violence in Ukraine.
NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.
*China builder warns it may default on bond. "Yesterday's data was positive for metals demand," said Joel Crane of Morgan Stanley in Melbourne. The most-traded September copper contract on the Shanghai Futures Exchange slid 1 percent to 50,050 yuan a tonne by 0240 GMT, having slipped to 49,930 yuan earlier- its weakest since July 2.
WASHINGTON, July 16- President Barack Obama imposed the biggest package of U.S. economic sanctions yet on Russia on Wednesday, hitting Russia's largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.
Bank of America Corp. fell$. 31 or 1.9 percent, to $15.51. Citigroup Inc. rose$. 43 or. 9 percent, to $49.72. Goldman Sachs rose $1.70 or 1.0 percent, to $170.87.
WASHINGTON— Commerce Department releases housing starts for June, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
*New company will list on NYSE, delist from Milan. MILAN, July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $4.7 billion, shifting the lottery operator away from its struggling domestic market and making it a major player in the casino business.
**September 2012: Agrees to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch& Co at the height of the financial crisis.
Bank of America Corp. fell$. 34 or 2.2 percent, to $15.47. Citigroup Inc. rose$. 14 or. 3 percent, to $49.43. Goldman Sachs rose $1.59 or. 9 percent, to $170.76.
MUMBAI, July 16- Indian budget airline IndiGo has picked six lead managers for its initial public offering, which could be worth up to $400 million, three people involved in the deal said.
*IPO process kicked off with initial Tokyo application. TOKYO/ SEOUL, July 16- Tokyo may struggle to get a piece of a listing that could value Japan's social messaging service Line Corp at up to $20 billion, with bankers saying New York is a more likely venue as a base for global expansion to build on explosive growth at home.
MILAN- July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $6.4 billion including debt, shifting the lottery operator's centre of gravity away from its struggling domestic market.
July 16- Italian lottery operator GTECH SpA said it will buy Las Vegas- based slot machine maker International Game Technology for $4.7 billion in cash and stock to increase its scale and offerings in the global gaming market. The company has received binding commitments of $10.7 billion from Credit Suisse, Barclays and Citigroup to finance the deal.
*Line may list in Tokyo and the United States. SEOUL, July 16- South Korea's Naver Corp said on Wednesday its Japan- based messaging application subsidiary Line Corp has applied for an IPO in Tokyo- an offering that could value the company at more than $10 billion. Naver, in a regulatory filing, stressed that its plans were preliminary.
TOKYO, July 15- Japanese messaging app operator Line Corp applied for an initial public offering that is likely to value the company at over 1 trillion yen around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the matter said on Tuesday.
NEW YORK, July 15- Late last year, Goldman Sachs reached an important milestone: its investment management business surpassed $1 trillion in client money under supervision.
TOKYO, July 15- Japanese messaging app operator Line Corp applied for an initial public offering valued at over 1 trillion yen around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the matter said on Tuesday.
NEW YORK, July 14- Better-than-expected trading results at Citigroup Inc could also mean higher earnings for other big U.S. banks such as Bank of America Corp, JPMorgan Chase& Co and Goldman Sachs Group Inc, but not necessarily for Morgan Stanley, according to analysts.
July 14- Carbon black producer Orion Engineered Carbons S.A., backed by private equity firms Triton Capital and Rhone Group, filed for a U.S. Triton Capital and Rhone Group each own 41.83 percent of the company through Kinove Holdings, the filing said.
July 14- Carbon black producer Orion Engineered Carbons S.A. filed for a U.S. Private equity investors Triton Capital and Rhone Group each own 41.83 percent of the company through Kinove Holdings, the filing said.