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Asian shares, oil, bonds move up ending bruising week

Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided Asian stocks.

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Argentina President Mauricio Macri Holds News Conference

Argentina to push $12.5bln bond offer in US, UK

Argentina government will market its $12.5-billion bond offer in North America by organizing road shows in New York, Washington and Los Angeles. The $12.5-bln bond offer will be marketed in the US and the UK.

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Consumers Scan QR Of Alipay To Pay At Local Market In Wenzhou

Alibaba’s Alipay Will Launch European Expansion This Summer

Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.

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Aerial Views Of Newcastle Coal Industry And Glencore Plc Coal Operations

Canadian Pension Fund to Acquire 40% Stake in Agriculture Unit of Glencore For $2.5 Billion

Glencore is possibly nearer to a deal with Canda’s largest pension fund to sell 40% stake in its agriculture business. CPPIB has agreed to pay $2.5 billion against a total valuation of $6 billion. However, there is no guarantee that the deal will surely take place.

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Nordea Bank AB Chairman Bjoern Wahlroos Interview

Scandinavian FSAs Summon Banks To Explain Their Accounts Against Panama Papers’ Allegations

Nordea Bank of Sweden and DNB ASA of Norway, largest lenders of the respective countries, have been accused of aiding in tax dodging by the leaked ‘Panama Papers’. DSAs of the respective countries have summoned them to explain their roles over the allegations. However, both the banks have denied any wrongdoing while reiterating commitments for upholding laws.

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PANAMA-PAPERS-MOSSACK-FONSECA

Prosecutors Around The Globe Initiate Probe Over Tax Dodging Leaked Through Panama Papers

Following the leak of documents related to tax dodging by a Panamanian Firm, governments around the globe has initiated probe in this regard. Tax payers are righteous to know the state actions in unearthing the probable tax abating which has prompted the authorities to investigate. However, the leaked documents have provided an opportunity to earn penalty from the probable tax dodgers.

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Brexit' Risks $700 Million Shock to Energy Bills Says U.K. Energy Secretary Amber Rudd Says

UK finance chiefs put hiring, investment plans on hold amid Brexit concerns

UK's financial chiefs are concerned about impact of Brexit, postponing their key decisions on hiring and investments. The British industry and business segments are in wait and watch mode until referendum on Brexit in June 2016.

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Christine Lagarde Speaks At The China Development Forum

IMF Chief Lagarde Vows To Speedy Conclusion In Greek Bailout Review

In response to a letter from the Greek Prime Minister Alexis Tsipras, Christine Lagarde, the IMF chief, has binned the Wikileaks’ transcript. Since IMF doesn’t act on leaks, she decided to allow the IMF team to resume the postponed bailout review. She has stressed the need for a speedy conclusion of the bailout review just for the sake of the Greek people.

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Finland's Finance Minister Alexander Stubb Interview

Finnish FM Faces Party Leadership Challenge From Right Wing MP

Elina Lepomäki, a right wing MP from National Coalition Party, has announced vying for party leadership with Alexander Stubb, the Finnish Finance Minister. In Finland, party leaders generally steps down from the cabinet membership, also following defeat in leadership challenge. NCP is scheduled to elect its new chair during the party congress in June.

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Company Signs

Trial for Five Former Barclays Bankers on Libor Rigging Case to Start Monday

After a series of setbacks, UK's Serious Fraud Office will start the third trial on Libor rigging case. Five former bankers in Barclays will stand accused as conspirators.

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FRANCE-ECONOMY-BANK

Societe Generale SA to Cut 128 Jobs in Its Global Banking Division

The third largest bank in France will continue its cost cutting plan. Through the year 2020 the bank will cut 550 jobs in its retail operation.

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David Cameron Holds A Q&A Session On The EU Referendum

Prime Minister Cameron Denied Brexit Has Divided His Cabinet

Cameron accused journalists are getting over excited to hunt news on political rift. While five of his cabinet members are opposing him, and one had resigned.

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GlaxoSmithKline Reports First Quarter Profits

GSK Got Positive Recommendation for Its Gene Therapy for Bubble Boy Disease, Expecting Approval Soon

A gene therapy for Bubble Boy Disease has received positive evaluation from European regulatory panel, paving a way for official approval. Currently, there’s no gene therapy for the disease, and the therapy would enhance patient’s success in survival and even recovery.

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EU Referendum - Signage And Symbols

‘The Hundred Group’ Members’ Consensus Survey To Decide Whether To Take Public Stance on Brexit

Members of The Hundred Group are being surveyed over their planning centering the referendum poll on Brexit. The group members are the finance directors of Britain’s largest listed as well as private companies. The survey appears following difficult past experiences in cases of other membership based business organizations prior to the referendum.

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Greek PM Urges A No Vote In Sunday's Referendum As Greek Economic Crisis Deepens

Hoist Finance confirms talks with Bank of Greece over partnership

Hoist Finance Publ AB has confirmed that negotiations are going on for strategic partnership with Bank of Greece. If fruitful, the strategic partnership may generate more opportunities in Greece economy through Hoist Finance.

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