(2) *ENERGY TRANSFER EQUITY TERMINATES MERGER PACT WITH WILLIAMS

*ENERGY TRANSFER EQUITY TERMINATES MERGER PACT WITH WILLIAMS

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
ETE US (Energy Transfer Equity LP)
ETP US (Energy Transfer Partners LP)
SUN US (Sunoco LP)
SXL US (Sunoco Logistics Partners LP)
WMB US (Williams Cos Inc/The)

People
Brent Ratliff (Energy Transfer Partners LP)
Lyndsay Hannah (Regency Energy Partners LP)
Steven Lipin (Brunswick Group Inc/The)
Vicki Granado (Energy Transfer Equity LP)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Prakash Steelage Cut to D; RPG Life Raised

INDIA RATINGS: Prakash Steelage Cut to D; RPG Life Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Prakash Steelage
    • Long-term bank facilities cut to D from BBB+ at Care
    • Cites delays in meeting debt obligations
UPGRADES
  • Bharat Biotech
    • Cash credit raised to A from A- at ICRA
    • Cites healthy growth in operating income, profits
  • Kirloskar Ferrous
    • LT loan facilities raised to AA- from A+ at Crisil
    • Cites improvement in liquidity following repayment of majority of its LT debt
  • RPG Life Sciences
    • LT fund-based facilities raised to A- from BBB+ at ICRA
    • Cites ramp up in domestic, exports formulations businesses
  • Saurav Chemicals
    • LT bank facilities raised to BBB+ from BBB at Care
    • Cites healthy scale-up of operations, improved profitability margins, improvement in overall solvency position
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PKSL IN (Prakash Steelage Ltd)
RPGL IN (RPG Life Sciences Ltd)
7535940Z IN (Bharat Biotech International Ltd)
KKF IN (Kirloskar Ferrous Industries Ltd)
6590012Z IN (Saurav Chemicals Ltd)

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UUID: 7947283

HALISTER: European Banks Spend Billions to Get U.S. Units Fit for the Fed

European Banks Spend Billions to Get U.S. Units Fit for the Fed

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)
BARC LN (Barclays PLC)
HSBA LN (HSBC Holdings PLC)
RBS LN (Royal Bank of Scotland Group PLC)

People
Bill Woodley (Deutsche Bank Securities Inc)
Joseph McGrath (Barclays PLC)
Karen Petrou (Federal Financial Analytics Inc)
Sarah Miller (Institute of International Bankers)

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UUID: 7947283

HALISTER1: INSIDE ASIA: Most Asian FX Exend Rally on Position Adjustments

INSIDE ASIA: Most Asian FX Exend Rally on Position Adjustments

(Bloomberg) -- Most Asian currencies gain for a second day, led by Malaysia’s ringgit and South Korean won, on relief rally and position adjustment in the aftermath of Brexit.
  • Unlike Lehman crisis, there’s no immediate impact on the actual economy from the U.K.’s decision to leave EU, says Toru Nishihama, emerging-market economist at Dai-ichi Life Research Institute by phone
    • Therefore, there’s probably some profit taking or position adjustment from sell-offs right after the vote results
  • Dollar Index is set for two-day losses following 0.3% decline yesterday
    • MSCI Asia Pacific index rises 1.3% and Brent oil prices advance 0.6%
  • South Korea’s won extends gains following 1% rally yesterday
    • Finance Minister Yoo told lawmakers that he doesn’t think more currency swaps are needed now to tackle risks from U.K. vote to exit EU
  • Offshore yuan is set to snap four-day losses on speculation PBOC may be backing the currency; onshore yuan steady
    • PBOC boosts yuan reference rate for first time in four days, setting fixing level at 6.6324 vs 6.6528 day earlier
    • Yuan volatility after Brexit vote may create overseas investment window, Xinhua News Agency said in commentary yday
  • Yen advances following 0.7% loss yesterday
    • USD/JPY declines on disappointment BOJ/govt meeting didn’t yield announcements for specific measures, according to Shinkin Asset Management
    • BOJ Governor Kuroda says the central bank can add funds to market if necessary after meeting with govt in Tokyo
    • Standard Chartered Bank cuts its USD/JPY forecast to 105 by end of 3Q from 125 as Brexit spurs risk aversion
    • RBC also cuts USD/JPY forecasts for year-end and end-2017 to 97 from previous 101 and 115 on expectations of no rate increase by the Fed until middle of next year
    • Japanese executives expected yen to outperform peers this year before U.K.’s decision to quit the EU, according to survey of over 100 traders, strategists and corporate treasurers polled at a Bloomberg seminar in Tokyo on June 14
  • New Zealand dollar climbs for second day
    • Finance Minister English says RBNZ could cut rates if needed in Brexit aftermath
  • Indonesia’s rupiah rises for third day; Malaysia’s ringgit, Thailand baht, Singapore dollar and Taiwan dollar are also headed for second day gains
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Toru Nishihama (Dai-ichi Life Research Institute Inc)

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UUID: 7947283

HALISTER: Barclays, HSBC Have Outlook Cut by Moody’s After Brexit Vote (1)

Barclays, HSBC Have Outlook Cut by Moody’s After Brexit Vote (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
HSBA LN (HSBC Holdings PLC)
LLOY LN (Lloyds Banking Group PLC)
BARC LN (Barclays PLC)
1176Z LN (Principality Building Society)

People
Laurie Mayers (Moody's Investors Service)

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UUID: 7947283

HALISTER: Wanda Property Deal Faces Hurdles as Investor Balks Over Price

Wanda Property Deal Faces Hurdles as Investor Balks Over Price

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BLK US (BlackRock Inc)
1229323D CH (Dalian Hexing Investment Co Ltd)
3699 HK (Dalian Wanda Commercial Properties Co Ltd)
ADPZ NA (Stichting Pensioenfonds ABP)

People
Oscar Choi (Citigroup Global Markets Inc)
Wang Jianlin (Dalian Wanda Group Co Ltd)

Topics
Who's News - People

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UUID: 7947283