(Reuters) - London's FTSE 100 was 0.7 percent higher, Paris's CAC 40 advanced 0.7 percent and Frankfurt's DAX stood 1.1 percent higher.
Read more at Reuters.com Hot Stocks News
Read more at Reuters.com Hot Stocks News
Thursday, 14 June 2007
Indonesia's Listrik Raises 3 Trillion Rupiah in Nation's Biggest Bond Sale
(Bloomberg) -- PT Perusahaan Listrik Negara,
Indonesia's state-owned power utility, sold 3 trillion rupiah
($332 million) of bonds and Islamic debt in the Southeast Asian
nation's biggest corporate debt sale.
The company sold 1.5 trillion rupiah of 10-year bonds
yielding 10.4 percent, and 1.2 trillion rupiah of 15-year bonds
yielding 10.9 percent, Orias Petrus Moedak, managing director of
PT Danareksa Sekuritas, which helped organize the sale, said in
a mobile-phone text message. The Jakarta-based utility company
also sold 300 billion rupiah of 10-year Islamic bonds.
Read more at Bloomberg Bonds News
Indonesia's state-owned power utility, sold 3 trillion rupiah
($332 million) of bonds and Islamic debt in the Southeast Asian
nation's biggest corporate debt sale.
The company sold 1.5 trillion rupiah of 10-year bonds
yielding 10.4 percent, and 1.2 trillion rupiah of 15-year bonds
yielding 10.9 percent, Orias Petrus Moedak, managing director of
PT Danareksa Sekuritas, which helped organize the sale, said in
a mobile-phone text message. The Jakarta-based utility company
also sold 300 billion rupiah of 10-year Islamic bonds.
Read more at Bloomberg Bonds News
JPMorgan `Scapegoat' Savvides Testifies in Greek Bond Probe, Plans Lawsuit
(Bloomberg) -- Former JPMorgan Chase & Co. banker
Mike Savvides told prosecutors in Athens that the U.S. bank
misled Greek lawmakers about the sale of government bonds that
pension funds bought at inflated prices.
Savvides, 36, JPMorgan's former head of derivatives
marketing for Greece and Cyprus, said the New York-based bank is
making him a ``scapegoat'' and he plans to sue for unfair
dismissal.
Read more at Bloomberg Bonds News
Mike Savvides told prosecutors in Athens that the U.S. bank
misled Greek lawmakers about the sale of government bonds that
pension funds bought at inflated prices.
Savvides, 36, JPMorgan's former head of derivatives
marketing for Greece and Cyprus, said the New York-based bank is
making him a ``scapegoat'' and he plans to sue for unfair
dismissal.
Read more at Bloomberg Bonds News
Producer Prices in U.S. Probably Rose in May on Higher Energy, Metal Costs
(Bloomberg) -- Prices paid to U.S. producers
probably rose in May, reflecting a fourth consecutive jump in
fuel costs that threatens a broader pickup in inflation,
economists said before a government report today.
The 0.6 percent gain, according to the median estimate in a
Bloomberg News survey of 76 economists, would follow a 0.7
percent increase in April. Core prices, which exclude food and
energy, probably rose 0.2 percent after no change.
Read more at Bloomberg Bonds News
probably rose in May, reflecting a fourth consecutive jump in
fuel costs that threatens a broader pickup in inflation,
economists said before a government report today.
The 0.6 percent gain, according to the median estimate in a
Bloomberg News survey of 76 economists, would follow a 0.7
percent increase in April. Core prices, which exclude food and
energy, probably rose 0.2 percent after no change.
Read more at Bloomberg Bonds News
UPDATE 2-JPMorgan prices debut A$950 mln 5-yr senior bond
(Reuters) - The deal details are as follows:
Issuer: JPMorgan Chase & Co.
Read more at Reuters.com Bonds News
Issuer: JPMorgan Chase & Co.
Read more at Reuters.com Bonds News
UPDATE 1-Record Citigroup offer shows Samurai bond revival
(Reuters) - TOKYO, June 14 - Citigroup is raising 270
billion yen in the biggest-ever yen bond sale by a
foreign company, highlighting a revival of the Samurai market.
The market -- yen bonds issued by foreign companies in Japan
-- is enjoying a revival. Tight spreads, good conditions in the
yen interest rate swaps market, strong investor demand and
favourable U.S. tax treatment of Samurais are behind the rush.
Read more at Reuters.com Bonds News
billion yen in the biggest-ever yen bond sale by a
foreign company, highlighting a revival of the Samurai market.
The market -- yen bonds issued by foreign companies in Japan
-- is enjoying a revival. Tight spreads, good conditions in the
yen interest rate swaps market, strong investor demand and
favourable U.S. tax treatment of Samurais are behind the rush.
Read more at Reuters.com Bonds News
Mozambique says farm support plan to boost food output
(Reuters) - Mozambique's government on Wednesday launched a $50 million agricultural subsidy programme designed to raise the southern African nation's food production and cut its dependency on imports and humanitarian aid.
"We are banking on improved seeds, fertilizer and crop rotation to produce enough food for Mozambicans by 2014," Jose Gaspar, the national director of Mozamibique's Agriculture Extensions programme, said.
Read more at Reuters Africa
"We are banking on improved seeds, fertilizer and crop rotation to produce enough food for Mozambicans by 2014," Jose Gaspar, the national director of Mozamibique's Agriculture Extensions programme, said.
Read more at Reuters Africa
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