Banks such as Barclays, Citigroup and Royal Bank of Scotland have banned traders from using group chat rooms, the Financial Times reports.» Read More
HONG KONG, Nov 22- Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of firms buying shares of China Cinda Asset Management Corp as part of its up to $2.5 billion initial public offering, sources said on Friday.
Gasoline prices jumped about 3 percent, crude oil rose nearly 2 percent and heating oil and natural gas added about 1 percent each after news of dwindling energy inventories and refinery glitches in the United States and Europe.
Nov 21- Activist investor Carl Icahn disclosed a 12.63 percent stake in medical device maker Hologic Inc, prompting the company to adopt a shareholder rights plan to protect itself from hostile takeovers. Shares of Hologic, which makes screening tests for cancer and other diseases, rose 3 percent in late morning trading.
*Cinda to offer shares in HK $3.00 to HK $3.58 range. HONG KONG, Nov 21- China Cinda Asset Management Corp, one of the country's four bad loan managers, plans to raise as much as $2.5 billion in its Hong Kong initial public offering, IFR reported on Thursday, citing sources familiar with the deal.
*YST Dairy to use proceeds to build five new dairy farms. The year is shaping up to be the busiest ever for both M&A and equity issuance in the Asia ex- Japan region, according to Thomson Reuters data, as investors bet on booming demand in China.
MEXICO CITY, Nov 20- The chief executive of Mexico's state-run oil monopoly Pemex on Wednesday criticized the compensation paid to the chairman of Spain's Repsol as excessive, amid a tussle over the handling of a dispute involving Argentina.
NEW YORK, Nov 20- Gold fell over 2 percent on Wednesday to a four-month low, and silver and a few base metals also slipped, as minutes from the Federal Reserve's October meeting reinforced speculation about a U.S. stimulus cutback.
*CIMB advising Warrnambool, target in a three-way global takeover battle. *CIMB ranks second in Australian ECM this quarter- Thomson Reuters data. SYDNEY, Nov 21- An advisory role in one of Australia's most contested takeover deals this year has thrown a spotlight on an unexpected debutant in local investment banking circles- Malaysia's CIMB Group Holdings Bhd.
*Dubai mounts drive to profit from setting standards. DUBAI, Nov 20- From cosmetics to accommodation, travel to toothpaste, complying with religious principles is becoming big business in the Muslim world, and Dubai, better known for flamboyance and unrestrained consumerism than Islamic scholarship, sees an opportunity.
NEW YORK, Nov 19- A benchmark commodities index sank to the lowest level since June 2012 on Tuesday as a weak cash market weighed on natural gas futures and easing supply concerns pressured Brent crude oil.
Nov 19- An experimental drug to treat Morquio A Syndrome, a rare genetic disorder that causes skeletal malformation and a variety of related lung, eye, ear and heart problems, should be approved, an advisory panel to the U.S. Food and Drug Administration concluded on Tuesday.
The panel voted overwhelmingly that the U.S. Food and Drug Administration should approve the drug, Vimizim, which is made by BioMarin Pharmaceutical Inc. The FDA is not obliged to follow the recommendations of its advisory panels but typically does so.
NEW YORK, Nov 19- As recently as six months ago, Sandy Villere was pushing more of his $1.1 billion fund into U.S. stocks- a good call given the 26 percent gain in the S&P 500 so far this year.
KUALA LUMPUR, Nov 20- Malaysia's AirAsia Bhd will take up to two years to realise a profit from its Indonesia and Philippine units, income that would help prop up eroding margins as Asia's largest budget carrier wages a price war at home.
HIROSHIMA, Japan, Nov 20- Japan's Mazda Motor Corp has only a tenth of Toyota Motor Corp's research and development budget, but is betting it can make the century-old internal combustion engine as fuel efficient as hybrids like its rival's pioneering Prius.
NEW YORK, Nov 19- U.S. "The market looks fairly valued right now," said Zach Pandl, senior interest rate strategist at Columbia Management in Minneapolis.
Nov 19- Atomico, a European venture capital firm that has invested in the likes of Angry Birds developer Rovio, plans to spend its new $476 million fund on technology start-ups outside Silicon Valley, it said on Tuesday.
The Financial Conduct Authority, along with watchdogs from the United States and Asia, is investigating if traders tried to rig foreign exchange benchmarks, such as the so-called London fixing at 4 p.m. each day, which is the nearest thing to a closing price in the 24- hour, self-regulated market.
The ratios are now at 13.9 times forecast earnings for Europe and 14.5 for the U.S, according to Thomson Reuters data.
While the United States has long dominated venture capital investments in technology, investors have been increasingly drawn to opportunities in Asia and Europe, especially in areas such as e-commerce and gaming. The firm said the fund was oversubscribed and had broad backing from investors in Asia, the United States and Europe.