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Reuters News

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 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 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)

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.

China preliminary Q1 current account surplus at $7.2 bln

April 25, 2014 - reuters.com

BEIJING, April 25 (Reuters) - China posted a current account surplus of $7.2 billion and a $118.3 bln surplus on its capital and financial account in the first quarter of 2014, preliminary data from the foreign exchange regulator showed on Friday.

The figures, published by the State Administration of Foreign Exchange (SAFE) on its website, are subject to revisions.

Brazil central bank indicates it will no longer roll over May FX swaps

April 25, 2014 - reuters.com

SAO PAULO, April 24 (Reuters) - Brazil's central bank did not announce so far on Thursday an expected auction to roll over currency swaps that expire early next month, indicating it will stop renewing those contracts.

If confirmed, the move could weaken the real on Friday. The Brazilian currency BRL= BRBY closed Thursday at 2.2148 per dollar, 0.46 percent weaker on the day.

PRESS DIGEST- British Business - April 25

April 25, 2014 - reuters.com

April 25 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Telegraph

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.

UPDATE 2-Bank of Canada sees evidence exports poised to heat up

April 24, 2014 - reuters.com

(Adds comments from press conference)

By Bryn Levy

UPDATE 2-Bank of Canada sees evidence exports poised to heat up

April 24, 2014 - reuters.com

(Adds comments from press conference)

By Bryn Levy

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

FOREX -Dollar loses ground on escalation of Russia/Ukraine tensions

April 24, 2014 - reuters.com

* Russian troop movements along Ukraine border raise geopolitical tensions

* ECB's Draghi reiterates warning about QE, negative rates

UPDATE 2-IMF board to meet next week to review aid package for Ukraine

April 24, 2014 - reuters.com

(Updates with details on Ukraine crisis; adds IMF conditions for aid and further comments from IMF spokesman)

By Elvina Nawaguna

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

UPDATE 1-AFRICA FX-Dollar squeeze weighs on Ghana's cedi

April 24, 2014 - reuters.com

(Adds naira) Ghana's cedi may weaken further and breach 2.80 to the dollar next week, while Kenya and Tanzania's currencies may come under pressure due to dollar demand from importers.

Nigeria's naira has firmed this week, partly supported by dollar inflows from energy companies, but is expected to buckle under increased demand for the greenback next week.

U.S. data, Ukraine crisis keep up pressure on South Africa's rand

April 24, 2014 - reuters.com

JOHANNESBURG, April 24 (Reuters) - South Africa's rand weakened against the dollar on Thursday after U.S. data boosted the growth outlook of the world's largest economy, setting the rand up for a fourth straight session of daily losses.

The rand was also depressed by global aversion to risky assets as Russia/Ukraine tensions escalated, while domestically investors were watching the outcome of wage talks in the mining sector.

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 3-Barclays pay row intensifies as key investors say 'no' to bonus plans

April 24, 2014 - reuters.com

* Barclays: 34 pct of investors oppose or withhold vote on pay

* Big investor Standard Life votes against 2013 pay

UPDATE 3-Barclays pay row intensifies as key investors say 'no' to bonus plans

April 24, 2014 - reuters.com

* Barclays: 34 pct of investors oppose or withhold vote on pay

* Big investor Standard Life votes against 2013 pay

CORRECTED-IMF board to meet April 30 to review aid package for Ukraine

April 24, 2014 - reuters.com

(Corrects to show documentation has been received but that the IMF has not confirmed conditions have been met)

By Elvina Nawaguna

Russian banks move funds home as sanctions threat looms

April 24, 2014 - reuters.com

* Gazprombank moved $6.9 billion to central bank in March

* It and other banks cut deposits in foreign banks

REFILE-UPDATE 1-National Bank of Greece bond suffers in secondary mkt

April 24, 2014 - reuters.com

(Refiles to add dropped words in second paragraph)

By Aimee Donnellan

UPDATE 2-Turkey central bank ignores political pressure for rate cuts in view of high inflation

April 24, 2014 - reuters.com

* Cbank vows to keep policy tight

* Analysts still expect rate cut in months ahead

Italy, Spain yields rise as duo meet 40 pct of 2014 funding plan

April 24, 2014 - reuters.com

* Spain, Italy hit roughly 40 pct of annual funding target

* Supply pressures lift Spanish, Italian yields off recent lows

GLOBAL MARKETS-Global share indexes, dollar, trim gains on Ukraine tension

April 24, 2014 - reuters.com

* Russia launches army drills near Ukraine border

* U.S. share off early gains on Apple, Facebook gains

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

PRECIOUS-Gold edges up, but holds near 2-1/2-mth low as equities rally

April 24, 2014 - reuters.com

* Gold to rebound to $1,298-technicals ID:nL3N0NG0D5

* Coming Up: U.S. Weekly jobless claims; 1230 GMT

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