Friday September 20, 2019 12:54

Stcoks Press Release : 18 Oct 2016

SCB Announces 3Q16 Net Profit of Baht 11.5 Billion Stcoks—18 Oct 16

Siam Commercial Bank and its subsidiaries announced net profit for 3Q16 (based on unreviewed consolidated financial statements) of Baht 11,533 million, an increase of 27.9% from the same quarter last year. The increase in net profit was a result of

Deutsche Bank to pay $38 million in U.S. silver price-fixing case Stcoks—18 Oct 16

The Asian Banker--18 Oct--Asian Banker

Deutsche Bank AG has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday.

The settlement, disclosed in papers filed in Manhattan federal court, came in one of many recent lawsuits in which investors have accused banks of conspiring to rig rates and prices in financial and commodities markets.

The settlement had been expected since April, though terms had yet to be disclosed. In court papers, lawyers for the investors say the deal will likely be an "ice breaker" that will serve as a catalyst for other banks to settle.

Vincent Briganti, a lawyer for the investors, said the deal provides "substantial monetary compensation plus cooperation from Deutsche Bank in the continued prosecution of this important case against the non-settling defendants."

The settlement is subject to court approval. A spokeswoman for the German bank declined to comment.

In the litigation, investors claimed Deutsche Bank, HSBC Holdings Plc and Bank of Nova Scotia (ScotiaBank) rigged silver prices through a secret daily meeting called the Silver Fix, and accused UBS AG of exploiting that fix.

The alleged conspiracy started by 1999, suppr

Thai taxpayers must be ready for global tax changes, intense audits Stcoks—18 Oct 16

Taxpayers must gear up as tax authorities worldwide focus on cross border transactions and digital business, PwC Thailand says. "Stricter tax regulations and the introduction of new information disclosure protocols are among the major challenges facing

Fitch Rates Bank of Ayudhyas Senior Unsecured Bonds #AAA(tha) Stcoks—18 Oct 16

Fitch Ratings (Thailand) has today assigned Bank of Ayudhya Public Company Limited's (BAY; AAA(tha)/Stable) upcoming issue of senior unsecured bonds a National Long-Term Rating of 'AAA(tha)'. The bonds will have tenor or tenors of two and/or three years,

Rising political risks in developed countries: the sword of Damocles hangs over Europes major Stcoks—18 Oct 16

• Over the past year, political risks have escalated in Europe, rising by an average of 13 points in Germany, France, Italy, Spain and the UK • A further political shock, on the same scale as that of the UK referendum, would affect European

Further downgrades triggered by the Brexit shock and falling oil revenues Stcoks—18 Oct 16

• Global growth: stability in developed countries, slight improvements among emerging economies • Despite the "historic" Algiers agreement, oil remains a major issue • 4 downgrades in countries impacted by the fall in commodity

World Bank to Increase Support to End Stunting in Bangladesh Stcoks—18 Oct 16

DHAKA, October 17, 2016—World Bank Group President Jim Yong Kim today said he hopes financial support to Bangladesh to end stunting among its children could increase up to $1 billion over the next three years as he marked End Poverty Day in the

European Investment Bank World Bank Group Partner to Support Entrepreneurs in the Middle East Stcoks—18 Oct 16

Washington, October 9, 2016 - An agreement to partner on a new joint initiative to support first time entrepreneurs, and in particular young people and women, was signed today in Washington DC by the European Investment Bank (EIB) and the World Bank

Croatian Bureau of Statistics and World Bank Develop Poverty Maps to Help Reduce Poverty in Stcoks—18 Oct 16

ZAGREB, October 17, 2016 – As a European Union (EU) member state and a member of the United Nations (UN) family, Croatia is committed to combating poverty and social exclusion. Achieving that goal depends on developing the right policies and

Papua New Guinea: New Virtual Reality film puts Bougainville in 360 Stcoks—18 Oct 16

first VR film shot in Papua New Guinea to be screened at PNG Human Rights Film Festival as part of global End Poverty Day activities PORT MORESBY, October 17, 2016 – A new 360-degree Virtual Reality (VR) film, filmed in the remote south of the

Statement by World Bank Group President Jim Yong Kim on End Poverty Stcoks—18 Oct 16

DHAKA, Bangladesh, October 17, 2016 – World Bank Group President Jim Yong Kim issued the following statement on End Poverty Day on progress made in the last year to collect more survey data on poverty around the world: "At the World Bank Group,

Latin America Needs to Improve Access to Opportunities to Win Poverty Stcoks—18 Oct 16

WASHINGTON, October 17, 2016 – In order to win the fight against poverty in Latin America and the Caribbean, children need to have better access to basic opportunities, according to new World Bank data released today to mark the International Day

TBANK moving forward with confidence with strong third quarter performance. Stcoks—18 Oct 16

Thanachart Bank Public Company Limited (TBANK) announced strong results in its third quarter 2016. Pre-provision Operating Profit (PPOP) shows good growth reflecting improved productivity and strong capability ensuring on-going success. Mr. Somjate

New Millenium Academy, MN Revenue Bond Rating Lowered To #BB-#, Placed On CreditWatch With Negative Stcoks—18 Oct 16

SAN FRANCISCO (S&P Global Ratings) Oct. 17, 2016--S&P Global Ratings lowered its long-term rating to 'BB-' from 'BB' on the city of Columbus, Minn.'s series 2015A and 2015B charter school lease revenue bonds, issued on behalf of New Millenium

Pepper Residential Securities Trust No.15 Class A1-s2 Notes Assigned Three Classes Affirmed, One Stcoks—18 Oct 16

MELBOURNE (S&P Global Ratings) Oct. 18, 2016--S&P Global Ratings today assigned its 'A-1+ (sf)' rating to the class A1-s2 notes of nonconforming residential mortgage-backed securities (RMBS) issued by Permanent Custodians Ltd. as trustee of

Cloud Peak Energy Resources Corporate Credit Rating Raised To #B-# From #SD# On Exchange Stcoks—18 Oct 16

Gillette, Wyo.-based Cloud Peak Energy Resources LLC completed the exchange offer of its $300 million senior unsecured notes due 2019 and its $200 million senior unsecured notes due 2024. As a result, we are raising the corporate credit rating on the

California Street CLO IX L.P. (f/k/a Symphony CLO IX L.P.) Ratings Assigned After Stcoks—18 Oct 16

California Street CLO IX L.P. refinanced its class A, B, C, D, and E notes on Oct. 17, 2016, through an optional redemption and replacement note issuance. We withdrew the ratings on the transaction's original class A, B, C, D, and E notes following

EXCO Resources Inc. Upgraded To #CCC+# From #SD# On Capital Res Outlook Stcoks—18 Oct 16

U.S.-based oil and gas exploration and production (E&P) company EXCO Resources Inc. has closed on several distressed exchange offers on its outstanding 2018 and 2022 notes over the past 12 months. We are raising our corporate credit rating on EXCO to

NGL Energy Partners L.P.#s Proposed $400 Million Senior Unsecured Notes Rated Stcoks—18 Oct 16

NEW YORK (S&P Global Ratings) Oct. 17, 2016--S&P Global Ratings today assigned its 'BB-' issue-level rating and '4' recovery rating to Tulsa, Okla.-based midstream energy partnership NGL Energy Partners L.P.'s and NGL Energy Finance Corp.'s

North Carolina Housing Finance Agency Revenue Debt Rating Outlook Revised To Positive On Financial Stcoks—18 Oct 16

NEW YORK (S&P Global Ratings) Oct. 17, 2016--S&P Global Ratings revised the outlook on its 'AA' long-term rating and underlying rating (SPUR) on North Carolina Housing Finance Agency's (NCHFA) housing revenue debt to positive from stable. The

Intellian Technologies Announces Initial Public Offering Stcoks—18 Oct 16

Intellian Technologies, Inc. ("Intellian" or "the company"), announced today an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share. The initial public offering will result in roughly $26m in raised