TEXT-S&P Summary: Sumitomo Electric Industries Ltd.

Mon, 21 May 2012 07:00:02 GMT

(The following statement was released by the rating agency)

TEXT-Fitch:No rating impact on China Resources Gas from AEI buy

Mon, 21 May 2012 06:59:02 GMT

(The following statement was released by the rating agency)

PRESS DIGEST - New York Times business news - May 21

Mon, 21 May 2012 06:54:33 GMT

May 21 (Reuters) - The following were the top stories on the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

PRESS DIGEST - Wall Street Journal - May 21

Mon, 21 May 2012 06:53:40 GMT

May 21 (Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 4-Alibaba buys back 20 pct stake held by Yahoo for $7.1 bln

Mon, 21 May 2012 06:51:40 GMT

* Yahoo to give most of after-tax cash proceeds to shareholders

RPT-Far East buyers beware in London property rush

Mon, 21 May 2012 06:50:18 GMT

LONDON, May 20 (Reuters) - When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer says. In fact it was a 40-minute journey by high-speed train.

UPDATE 1-BTG swings to profit after strong antidote sales

Mon, 21 May 2012 06:45:08 GMT

LONDON, May 21 (Reuters) - Britain's BTG swung to a pretax profit for the year to end-March, helped by its move to direct sales of its specialist anti-poison drugs, and said it had acquired the European named-patients supply rights for another antidote, uridine triacetate.

TEXT-Fitch rates Suncorp-Metway covered bonds 'AAA(exp)'

Mon, 21 May 2012 06:40:08 GMT

(The following statement was released by the rating agency)

Nikkei steadies, propped up by G8 reassurances

Mon, 21 May 2012 06:35:48 GMT

* Renesas pares losses, Mitsubishi Electric pledges support

UPDATE 1-NORDIC STOCKS - Factors to watch on May 21

Mon, 21 May 2012 06:35:17 GMT

HELSINKI, May 21 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Monday:

TEXT-Fitch Affirms ORIX APL Trust 2010-1's Class A TBIs at 'AAAsf'

Mon, 21 May 2012 06:26:40 GMT

(The following was released by the rating agency) TOKYO/HONG KONG, May 21 (Fitch) Fitch Ratings has affirmed ORIX APL Trust 2010-1 as shown below. The transaction is a securitisation of non-recourse mortgage loans collateralised by multi-family rental apartments, originated by ORIX Corporation.

Befimmo launches up to 4.5 mln euro share buyback

Mon, 21 May 2012 06:24:01 GMT

BRUSSELS, May 21 (Reuters) - Belgian property group Befimmo said on Monday it will begin an up to 4.5 million euros ($5.7 million) buyback of its own shares to boost its flagging share price, which has been hit by a difficult economic climate.

UPDATE 1-Putin to dominate new Russian government

Mon, 21 May 2012 06:23:59 GMT

* Sechin to keep influence over energy (Updates with more on likely cabinet line-up)

Premafin to ask shareholders to delay meeting

Mon, 21 May 2012 06:21:40 GMT

MILAN, May 21 (Reuters) - Italian holding company Premafin will ask shareholders to postpone their meeting on Monday slated to approve a capital increase for a planned merger with Unipol, after parties failed to agree on merger terms over the weekend.

Alibaba in talks to raise $2.3 bln equity for Yahoo deal-sources

Mon, 21 May 2012 06:15:56 GMT

SINGAPORE/HONG KONG, May 21 (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said.

RPT-Seoul shares rebound on blue-chip bargains

Mon, 21 May 2012 06:12:56 GMT

SEOUL, May 21 (Reuters) - Seoul shares rebounded on bargain-hunting on Monday after sharp falls the previous session, with global jitters partially soothed by a pledge from world leaders to try to keep Greece in the euro zone.

Kabel Deutschland buys Tele Columbus for $786 mln

Mon, 21 May 2012 06:11:07 GMT

FRANKFURT, May 21 (Reuters) - German cable company Kabel Deutschland said it agreed to buy regional player Tele Columbus for about 618 million euros ($786.2 million), including accrued interest.

Swiss stocks - Factors to watch on May 21

Mon, 21 May 2012 06:07:45 GMT

ZURICH, May 21 (Reuters) - Swiss stocks were expected to fall on Monday, with other major European indeces also seen down as the weekend's G8 meeting failed to calm investors' worries over debt-stricken Greece.

Seoul shares rebound on blue-chip bargains

Mon, 21 May 2012 06:07:34 GMT

SEOUL, May 21 (Reuters) - Seoul shares rebounded on bargain-hunting on Monday after sharp falls the previous session, with global jitters partially soothed by a pledge from world leaders to try to keep Greece in the euro zone.

European stock index futures signal pause in sell-off

Mon, 21 May 2012 06:05:06 GMT

PARIS, May 21 (Reuters) - European stock index futures pointed to a flat to slightly lower open on Monday, with stocks set to take a breather following a dismal week, but the pause could be short-lived due to simmering worries over Greece and Spain.

Nikkei steadies, supported by G8 reassurances

Mon, 21 May 2012 06:04:05 GMT

TOKYO, May 21 (Reuters) - Japan's Nikkei average inched up on Monday, with short-covering prompting a recovery from the sharp losses of the previous session, and a call from world leaders for Greece to remain in the euro zone helping to soothe investors' jitters.

TABLE-RBI says repo bids rise to 1.04 trln rupees

Mon, 21 May 2012 06:00:12 GMT

MUMBAI, May 21 (Reuters) - The Reserve Bank of India said on Monday it accepted all 46 bids for 1.04 trillion rupees ($19 billion) at its one-day repo auction, through which it injects liquidity into the banking system. ---------------------------------------------------------------

After control fight, can Casino thrive in Brazil?

Mon, 21 May 2012 05:59:58 GMT

* Handoff to sideline dealmaking Chairman Abílio Diniz

NORDIC STOCKS - Factors to watch on May 21

Mon, 21 May 2012 05:54:00 GMT

HELSINKI, May 21 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Monday:

UPDATE 1-S.Africa's Barloworld H1 up on strong miner demand

Mon, 21 May 2012 05:41:50 GMT

JOHANNESBURG, MAY 21 (Reuters) - South African industrial conglomerate Barloworld reported a 70 percent jump in first-half earnings on Monday, driven by demand from the mining industry, and said it expects strong full-year results.