A long dry season in the East has left Asia's premier tea-growing regions parched and could lead to a rise in tea prices, analysts said.» Read More
*Biggest falls at UBS, Deutsche Bank, Barclays and Lloyds. LONDON, April 16- Europe's top 30 banks cut assets by 2 trillion euros last year and are set to cut them again in 2014 as regulatory pressure prompts investment banks to shrink and retail banks sell some of their loans into a rising market.
BEIJING, April 16- China's economy expanded 7.4 percent between January and March, its slowest pace in 18 months, prompting authorities to act for the second time in as many weeks to shore up growth.
BEIJING, April 16- China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed on Wednesday, with signs of waning momentum already prompting limited government action to steady the world's second-largest economy. It was China's slowest annual growth since the third quarter of 2012, when growth was also 7.4 percent.
*Need to focus on GDP per capita, World Bank says. *Nigeria needs to improve infrastructure, beware inequality. Nigeria's 2013 GDP was rebased up to an estimated nearly $510 billion- a "pie" one and half times the size of South Africa's, but feeding more than three times as many people.
LUANDA, April 8- Angola's Banco BIC, backed by the billionaire daughter of the country's president and a Portuguese cork tycoon, plans to ramp up its branch network at home while also expanding overseas to operate in four continents, its chief executive said.
HONG KONG, April 8- Citigroup Inc said it will close almost one third of its branches in Korea, becoming the third global bank to trim its presence in the country in the last year amid rising costs and intense competition.
LONDON, April 8- The yen rose on Tuesday, as some investors trimmed bets against it after the Bank of Japan held off from additional easing and Governor Haruhiko Kuroda offered little indication that more stimulus was likely in the short term. The dollar fell 0.4 percent to a 10- day low of 102.615 yen while the euro shed 0.2 percent to 141.30 yen.
SINGAPORE, April 8- The dollar slipped against the yen on Tuesday, struggling to gain traction after the Bank of Japan held off from additional easing as expected, with focus turning to a news conference by BOJ Governor Haruhiko Kuroda. The dollar last fetched about 102.98 yen, down 0.1 percent on the day.
ZURICH, April 7- Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state's top financial regulator requested documents from the Swiss bank.
BEIJING, April 3- A robust services sector will not stop China's economy from slowing into the middle of the year, analysts said after modest government stimulus was seen as a signal authorities want to steady growth to keep their reform drive on track.
Highlights included a 100- year bond by Massachusetts Institute of Technology and a USD2.5bn offering of 10 and 30- year securities by Saudi Electricity that saw almost USD13bn of orders. Strong demand also followed Union Electric d/b/a Ameren Missouri, which saw some USD2bn of orders at the peak for just USD350m of 10- year notes.
LONDON, April 1- The yen eased on Tuesday as a hike in Japan's sales tax came into effect, although the dollar failed to gain much traction after the Federal Reserve chair defended the central bank's ultra-loose policy and highlighted slack in the economy.
SYDNEY/ SINGAPORE, April 1- The yen stayed on the backfoot on Tuesday, while the dollar hovered near a two-week high versus a basket of currencies after the head of the Federal Reserve took pains to defend the central bank's ultra-loose monetary policy.
LONDON, March 31- Britain and China signed an agreement to set up a clearing service for renminbi trading in London on Monday, days after Germany clinched a similar deal in the race to capture a share of the fast-growing Chinese foreign exchange market.
LONDON, March 28- Asia- focused bank Standard Chartered Plc paid 118 of its bankers at least 1 million euros last year, topped by a $9.5 million payout to Mike Rees, head of its wholesale or investment banking division.
MUMBAI, March 28- After waiting nearly two years, India's GMR Energy plans to file an IPO prospectus in coming days to raise about $250 million, sources with direct knowledge of the deal said, starting what bankers hope is an election-fuelled revival in equity raising.
BEIJING, March 28- China's factory activity is expected to have picked up slightly in March, a Reuters poll showed, in a rare piece of good news, though the figure is unlikely to alter views that the world's second-largest economy is facing a slow first quarter.
BANGALORE, March 27- The European Union's banking reforms will boost interbank business but won't end bailouts of failing lenders, economists polled by Reuters say.
*Daily turnover of yuan in London around $15.6 bln. LONDON, March 26- Britain and China will sign an agreement next week to set up the first clearing service for renminbi trading outside Asia, putting London in a prime position to offer yuan trade business in Europe.
Company seeking Hong Kong exchange nod on Thursday. HONG KONG, March 26- Chinese pork producer W.H. Group, which acquired U.S.-based Smithfield Foods last year, has hired 28 book runners for its planned $5- 6 billion Hong Kong initial public offering, a record number for banks working on an Asian IPO, IFR reported.