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Sunday, May 23, 2010

Reuters: Financials

Stan Chart to raise up to $588 mln in India share saleMUMBAI, May 23 (Reuters) - Standard Chartered will
raise up to $588 million in India share sale at the upper band
of its price range, a spokesman said on Sunday.

Key Leumi shareholder to boycott AGM if not delayedJERUSALEM, May 23 (Reuters) - Shlomo Eliahu, the largest
private shareholder in Israel's Bank Leumi , said on
Sunday he would not attend next week's general meeting aimed at
choosing a new board if the bank did not delay the meeting.

Bahrain's Arcapita signs $200 mln loan, sees FY lossMANAMA, May 23 (Reuters) - Bahraini investment house
Arcapita [ARCAB.UL] on Sunday signed a new $200 million loan,
signaling that debt markets are opening up to the troubled
sector, and said it expected a sizable loss for this year.

Indonesia finance minister promises reforms, swift startJAKARTA, May 23 (Reuters) - Indonesian new finance minister
has said he expects a swift start to the job and to continue
reforms driven by his predecessor without fear of political
pressure, Indonesian newspaper Rakyat Merdeka reported on

Thai bourse to resume trading on Monday - SET chiefBANGKOK, May 23 (Reuters) - Thailand's stock exchange will
resume full-day trading sessions on Monday, the bourse said in
a statement. "Our trading system and those of our members are
ready to resume operations," Stock Exchange of Thailand
President Patareeya Benjapolchai said. The exchange was closed
on Thursday and Friday following the worst riots in Bangkok's
modern history.
(Reporting by Nopporn Wong-Anan; Editing by Raju
Gopalakrishnan) ((; +662 648
9735; Re

PRESS DIGEST - British business press - May 23Satellite broadcaster BSkyB is to increase its stake
in TV producer Shine as part of attempt to buy Japanese
electronics giant Sony out of the business. Sony's 21 percent
stake is expected to be priced at up to 100 million dollars,
valuing Shine at around 500 million dollars. Sky will part-fund
the deal alongside Shine founder Elisabeth Murdoch, with the
broadcaster expected to up its stake from 13 percent to just
under 20 percent. Murdoch holds a 60 percent controlling stake,

UPDATE 1-US drops criminal probe of AIG execs -lawyers* AIG welcomes decision
(Updates with confirmation investigation dropped, lawyers'
comments, previous CHICAGO)

AIG welcomes U.S. Justice Dept. decisionCHICAGO, May 22 (Reuters) - American International Group
Inc on Saturday praised a Justice Department decision
it did not specifically identify, but may relate to published
reports that federal prosecutors will not charge company
executives over credit default swaps.

AIG execs won't face U.S. criminal charges-WSJNEW YORK, May 21 (Reuters) - U.S. federal prosecutors will
not charge executives of American International Group Inc
over credit default swaps, the Wall Street Journal
reported on Friday.

Small Minnesota bank fails, ups year tally to 73WASHINGTON, May 21 (Reuters) - A one-branch bank in St.
Paul, Minnesota, on Friday became the 73rd U.S. bank to fail so
far this year.

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