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Reuters News

REFILE-South Africa's rand weakens as Ukraine fans risk aversion

April 25, 2014 - reuters.com

(Fixes typo in lead)

* March producer inflation due at 0930 GMT

Russia's economy minister calls S&P rating cut "politically motivated"

April 25, 2014 - reuters.com

KHABAROVSK, April 25 (Reuters) - Russia's Economy Minister Alexei Ulyukayev said on Friday that he regards a decision by rating agency S&P to cut Russia's sovereign rating as "in part a politically motivated decision".

Earlier on Friday S&P cut Russia's long- and short-term foreign currency sovereign ratings to BBB-/A-3 from BBB/A-2.

PRECIOUS-Gold holds near 2-1/2-month low as jewellers stay away; Ukraine eyed

April 25, 2014 - reuters.com

* Spot gold to end rebound below $1,304-technicals

ID:nL3N0NH0MN

Sri Lankan rupee steady in dull trade; stocks up

April 25, 2014 - reuters.com

COLOMBO, April 25 (Reuters) - The Sri Lankan rupee traded steady in dull trade on Friday as thin importer dollar demand offset sales of the greenback by exporters, while dealers expected the local currency to remain stable in the near-term in the absence of a pick-up in private sector credit.

The spot rupee LKR= was at 130.60/62 per dollar at 0620 GMT, little changed from Thursday's close of 130.61/63.

DIARY- Turkey - to Aug 30

April 25, 2014 - reuters.com

(All times are provisional and in GMT. For local time, add three hours. This diary is updated every day, and new listings or amendments are marked "*".)

KEY INDICATORS DATE GMT/LOCAL INDICATOR PERIOD PRIOR *28/4 0700/1000 Consumer confidence April 72.7 *29/4 0700/1000 Tourism revenues Q1 +5.55 30/4 0700/1000 Trade balance March -$5.1b 1/5 0730/1030 TIM Exports April $13.14b 5/5 0700/1000 CPI m/m April 1.13% 5/5 0700/1000 CPI y/y April 8.39% 5/5 0700/1000 PPI m/m April 0.74% 5/5 0700/1000 PPI y/y April 12.31% 8/5 1430/1730 Treasury cash balance April -4.64b 8/5 0700/1000 Industrial production March +4.9% 13/5 0700/1000 Current account March -3.19b 15/5 0700/1000 Unemployment February 10.1% 15/5 0800/1100 Budget balance April -5.1b *16/5 1130/1430 Expectations survey May 8.12% 20/5 1430/1730 Debt stock April 598.2b *22/5 1100/1400 Interest rates May 10.00% *23/5 1130/1430 Capacity usage May 74.4% *23/5 1130/1430 Manufacturing conf May 112.7 *26/5 0800/1100 Foreign visitors April +0.6%

UPDATE 1-Dai-ichi Life says will not buy JGBs at current yields

April 25, 2014 - reuters.com

By Hideyuki Sano

TOKYO, April 25 (Reuters) - Dai-ichi Life Insurance Co

S&P cuts Russia's foreign currency sovereign ratings

April 25, 2014 - reuters.com

MOSCOW, April 25 (Reuters) - Standard & Poor's ratings agency has cut Russia's long- and short-term foreign currency sovereign ratings to BBB-/A-3 from BBB/A-2, the agency said on its website.

"The downgrade reflects the risk we perceive of a continuation of the large financial outflows observed in the first quarter of 2014, during which the size of Russia's financial account deficit was almost twice that of the current account surplus," the agency said in a press release.

South African Markets - Factors to watch on April 25

April 25, 2014 - reuters.com

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

DIARY

Honda sees 12 pct increase in global car sales in 2014/15

April 25, 2014 - reuters.com

TOKYO, April 25 (Reuters) - Honda Motor Co 7267.T said on Friday that it expects to sell 4.83 million vehicles globally in the financial year ending March 2015, an increase of 11.7 percent from the previous year.

Japan's third-biggest car maker by global sales volume also said it is assuming an average U.S. dollar rate of 100 yen and euro rate of 135 yen for this fiscal year.

Japan Dai-ichi Life: Won't buy JGBs at current yield levels

April 25, 2014 - reuters.com

TOKYO, April 25 (Reuters) - Japan's Dai-ichi Life won't buy domestic bonds if their yields stay at current low levels and it instead plans to allocate more funds on foreign bonds in the year to March, a senior company official said on Friday.

The institutional investor with total assets of about 35 trillion yen ($342 billion) also plans to seek a chance to buy Japanese stocks on dips, said Tetsuya Kikuta, the firm's general manager of asset management business and investment planning.

Electrolux sees slightly better demand in Europe as Q1 tops forecasts

April 25, 2014 - reuters.com

STOCKHOLM, April 25 (Reuters) - World number two home appliances maker Electrolux ELUXb.ST said it saw slightly better demand this year in Europe on Friday after posting a small rise in first-quarter core earnings.

The Swedish firm, a smaller rival to Whirlpool WHR.N which reports later in the day, said it expected demand in Europe to rise 1-3 percent this year against an earlier forecast of 0-2 percent growth. It also stuck by a forecast for demand in North America to grow 4 percent.

Vietnam domestic market commodity prices-April 25

April 25, 2014 - reuters.com

April 25 (Reuters) - Following are domestic prices of Vietnam's key commodities.

Unit: million dong VND= per tonne.

Romania - Factors to watch on April 25

April 25, 2014 - reuters.com

BUCHAREST, April 25 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Friday.

BUDGET

BRIEF-Lonmin says no resolution achieved in strike relating to wages

April 25, 2014 - reuters.com

April 25 (Reuters) - Lonmin Plc LMI.L :

* No resolution has yet been achieved in resolving three-month strike relating to wages and benefits.

UPDATE 1-Turkey, Russia cut gold holdings in March -IMF

April 25, 2014 - reuters.com

(Adds detail, background)

* Turkey cuts gold holdings by 14.3 T, Russia by 1.2 T

RPT-Russian banks move funds home as sanctions threat looms

April 25, 2014 - reuters.com

(Repeats story without changes)

* Gazprombank moved $6.9 billion to central bank in March

Mexico central bank seen holding rates as economy drags

April 25, 2014 - reuters.com

MEXICO CITY, April 25 (Reuters) - Mexico's central bank is expected to hold its main interest rate steady on Friday as easing inflation pressures give policymakers room to leave borrowing costs low to support an economic recovery.

All 25 analysts surveyed by Reuters last week expected the central bank to hold its main interest rate MXCBIR=ECI at a record low of 3.50 percent. The bank will issue its decision on Friday at 9 a.m. local time [1400 GMT].

SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0430 GMT

April 25, 2014 - reuters.com

STOCKS .BSESN .NSEI

-----------------------

FOREX-Dollar steady near 1-week low vs yen, held back by Ukraine tensions

April 25, 2014 - reuters.com

* Dollar holds above 1-week low vs yen, but struggles to gain traction

* Yen shrugs off slightly smaller-than-expected rise in Tokyo April CPI

Fitch Affirms India's Rolta at 'BB-'; Outlook Stable

April 25, 2014 - reuters.com

(Repeat for additional subcribers)

April 25 (Reuters) - (The following statement was released by the rating agency)

Fitch Revises Italy's Outlook to Stable, Affirms at 'BBB+'

April 25, 2014 - reuters.com

(Repeat for additional subscribers)

April 25 (Reuters) - (The following statement was released by the rating agency)

Fitch Revises Cyprus's FC IDR Outlook to Stable; Upgrades LC IDR to 'B-'

April 25, 2014 - reuters.com

(Repeat for additional subscribers)

April 25 (Reuters) - (The following statement was released by the rating agency)

Fitch Affirms Tunisia at 'BB-'/'BB'; Outlook Negative

April 25, 2014 - reuters.com

(Repeat for additional subscribers)

April 25 (Reuters) - (The following statement was released by the rating agency)

Fitch Affirms Morocco at 'BBB-'; Outlook Stable

April 25, 2014 - reuters.com

(Repeat for additional subscribers)

April 25 (Reuters) - (The following statement was released by the rating agency)

Indian FX/debt factors to watch - April 25

April 25, 2014 - reuters.com

Barrick Gold's Munk says Newmont "not shareholder-friendly" - report

April 25, 2014 - reuters.com

TORONTO, April 24 (Reuters) - Barrick Gold Corp's ABX.TO founder and outgoing chairman Peter Munk criticized potential takeover target Newmont Mining Corp NEM.N in an interview with the National Post newspaper on Thursday, saying the U.S. miner is "not shareholder-friendly."

Merger talks between the two gold miners broke down last Thursday, but there have been some discussions between their representatives since then, sources familiar with the matter said on Wednesday. ID:nL2N0NF2CU

India Morning Call-Global Markets

April 25, 2014 - reuters.com

EQUITIES

NEW YORK - The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check.

UPDATE 2-Newmont 1st-quarter earnings fall but costs down, output up

April 24, 2014 - reuters.com

(Adds CEO comment, details on African, Indonesian operations)

April 24 (Reuters) - Newmont Mining Corp NEM.N , which sources have said is in talks with Barrick Gold Corp ABX.TO on a merger, reported a steep drop in first-quarter earnings on Thursday as a result of lower gold and copper prices.

Newmont first-quarter earnings fall on metal prices

April 24, 2014 - reuters.com

April 24 (Reuters) - Newmont Mining Corp NEM.N , which sources have said is in talks with Barrick Gold Corp ABX.TO on a merger, reported a steep drop in first-quarter earnings on Thursday as a result of lower gold and copper prices

Newmont, the world's second-biggest gold producer after Barrick, said net income from continuing operations fell to $117 million, or 23 cents per basic share, in the quarter, from $314 million, or 63 cents per share, in the same period a year ago.

PRECIOUS-Gold turns higher on Ukraine worries, options buying

April 24, 2014 - reuters.com

* New Ukraine worries, U.S. options-related buying boost gold

* U.S. gold futures volume strong on rising tensions

PRECIOUS-Gold turns higher on Ukraine worries, options buying

April 24, 2014 - reuters.com

* New Ukraine worries, U.S. options-related buying boost gold

* U.S. gold futures volume strong on rising tensions

GLOBAL MARKETS-Equity indexes up on Apple, Ukraine tempers rise

April 24, 2014 - reuters.com

* Russia launches army drills near Ukraine border

* U.S. shares pare early gains made on Apple, Facebook rally

GLOBAL MARKETS-Equity indexes up on Apple, Ukraine tempers rise

April 24, 2014 - reuters.com

* Russia launches army drills near Ukraine border

* U.S. shares pare early gains made on Apple, Facebook rally

BRIEF-Platinum Producers to take settlement offer directly to employees

April 24, 2014 - reuters.com

April 24 (Reuters) - American Platinum Limited (Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin):

* Advise that, unfortunately, no resolution has yet been achieved in resolving three-month strike relating to wages and benefits

UPDATE 1-Freeport profit falls; miner still working on Indonesian dispute

April 24, 2014 - reuters.com

(Adds detail on Indonesia export tax, detail on Indonesia production, analyst expectations.)

April 24 (Reuters) - Freeport McMoRan Copper & Gold Inc

Leader of Mali coup charged with conspiracy to murder after bodies discovered

April 24, 2014 - reuters.com

BAMAKO, April 24 (Reuters) - Malian authorities have changed the indictment against former military coup leader General Amadou Sanogo to a more serious charge of conspiracy to murder which carries the death penalty in the West African nation, his lawyer said Thursday.

Sanogo was arrested and charged with complicity in kidnapping in November over the disappearance during the 2012 coup of dozens of paratroopers loyal to toppled President Amadou Toumani Toure.

GLOBAL MARKETS-Apple, Facebook results buoy world shares

April 24, 2014 - reuters.com

* European shares rise as tech stocks enjoy rebound

* Apple shares jump 8 pct premarket on buyback, results

GLOBAL MARKETS-Apple, Facebook results buoy world shares

April 24, 2014 - reuters.com

* European shares rise as tech stocks enjoy rebound

* Apple shares jump 8 pct premarket on buyback, results

UPDATE 1-Canada's Nautilus moves closer to starting work at Papua undersea mine

April 24, 2014 - reuters.com

* Nautilus aims to mine copper, gold and silver from Solwara 1

* Papua New Guinea govt entitled to 15 pct stake in project

Freeport profit falls, still working on Indonesia dispute

April 24, 2014 - reuters.com

April 24 (Reuters) - Freeport McMoRan Copper & Gold Inc

FCX.N reported a decline in first quarter profit on Thursday, hurt by lower copper prices and a conflict with the government of Indonesia that has halted its copper concentrate exports from the country.

CME plans to launch physically settled Asia gold futures-sources

April 24, 2014 - reuters.com

* CME likely to launch contract in Hong Kong - sources

* Contract size expected to be 1 kg

UPDATE 2-African Barrick shares rise on higher output, improved grades

April 24, 2014 - reuters.com

* First-quarter gold production rises 18 pct to 168,375 ounces

* Says on track to meet full-year production guidance

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