Australia’s TASCORP prices A$750 mln 2014 notes

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click on [AU/CRD] and then double click on the ID number)

SYDNEY, July 15 (Reuters) – Tasmanian Public Finance
Corporation (TASCORP) has priced A$750 million ($663 million)
in a new 2014 note issue, the joint lead managers said on
Thursday. The 5.5 percent June 23, 2014 issue, initially
announced with a maximum size of A$500 million, will yield 5.47
percent or 77.75 basis points over the government bond due
2014.

The margin is the middle of preliminary pricing indications
of 75.75bp to 80.75bp over June 2014 Australian government
bond,

Commonwealth Bank of Australia and UBS jointly led the
issue.

The notes settle on July 21 and were issued at a reoffer
price of 100.521 including accrued interests of 0.421.

TASCORP is the state’s financing arm and is rated AA-plus
by S&P and Aaa by Moodys’s.
(Reporting by Cecile Lefort; editing by Balazs Koranyi)

ANZ prices A$1.25 bln 3-year bond at 90bp/swap

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click on [AU/CRD] and then double click on the ID number)

SYDNEY, July 13 (Reuters) – Australia & New Zealand Banking
Group (ANZ.AX) (ANZ), the nation’s fourth largest lender, has
priced a A$1.25 billion ($1.1 billion) three-year bond issue at
90 basis points over swap and BBSW, it said on Tuesday.

The offer, also led by ANZ, consisted of A$250 million in
fixed rate notes and A$1 billion in floating rate notes.

ANZ is rated AA by S&P and Aa1 by Moody’s.
(Reporting by Cecile Lefort; Editing by Balazs Koranyi)

European shares set to rise after Alcoa results

July 13 (Reuters) – European shares were set to rise for the sixth straight day on Tuesday, with sentiment supported by stronger-than-expected quarterly profit from U.S. firm Alcoa (AA.N), which reported earnings after U.S. markets closed.

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open between 25 and 35 points higher, or up 0.7 percent; Germany’s DAX .GDAXI was seen opening up 11 to 21 points, or up 0.4 percent and France’s CAC 40 .FCHI was expected to open 17 to 18 points higher, or 0.5 percent higher.

The FTSEurofirst 300 .FTEU3 index of leading European shares rose 0.4 percent to close at 1,025.76 points on Monday. (Reporting by Harpreet Bhal)

ANZ National sells NZ$350 mln five-year bond

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click on [AU/CRD] and then double click on the ID number)

SYDNEY, July 9 (Reuters) – ANZ National Bank Ltd (ANZ.AX),
New Zealand’s largest lender, has sold a NZ$350 million ($248
million) five-year bond issue at 165 basis points over swap, it
said on Friday.

Proceeds will be used for fund general purposes, it said.

Deal details are as follows:

Issuer: ANZ National Bank Ltd

Facility: Domestic fixed rate notes

Law: New Zealand

Amount issued: NZ$350 million

Maturity: July 13, 2015

Set date: July 13

Coupon: 6.51%

Yield: 6.51%

Spread: +165bp/swap

Issue price 100

Lead(s): ANZ

Issuer ratings: AA (S&P), Aa2 (Moody’s), AA- (Fitch)
(Reporting by Cecile Lefort; editing by Balazs Koranyi)

UPDATE 1-Westpac prices 5-year A$ domestic issue

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Financials

(Adds pricing)

SYDNEY June 29 (Reuters) – Westpac Banking Corporation raised A$800 million on Tuesday, pricing the floating rate part of the five-year domestic issue at 135 basis points above swap and BBSW.

It split the offering into a $500 million floating rate issue while the remaining A$300 was a fixed-rate offer. The coupon on the fixed rate tranche was 6.5 percent, semi-annual, with the issue price at 99.287, giving a yield of 6.67 percent.

Westpac was sole lead manager of the senior July 2015 domestic issue, which it expects will be rated AA by Standard & Poor’s and Aa1 by Moody’s. (Reporting by Wayne Cole and Anirban Nag; Editing by Ed Davies)

UPDATE 1-Alcoa agrees new pact with union workers

June 25 (Reuters) – U.S. aluminium giant Alcoa Inc (AA.N) said it ratified a new four-year contract with the United Steelworkers union covering 5,400 employees at ten of its locations in the United States.

The company, one of the world’s largest aluminum producers, said on its website there would be no wage increases in 2010 and 2011 but all job classes will see their wages go up by 2.5 percent each in 2012 and 2013.

Also, the company’s healthcare program will see increased employee contributions, with price tags increasing every year.

The union contract covers all Alcoa workers in the U.S. under an umbrella deal. (Reporting by Sakthi Prasad in Bangalore; Editing by Mike Nesbit)

Secret of AA: After 75 Years, We Don’t Know How It Works

Despite all that contemporary medicine knows about psychology, neurology and human behavior, it has yet to devise anything that works better than Alcoholics Anonymous to help drunks stay sober.

Naomi Campbell to follow kabbalah?

New York, May 13 (ANI): Only two years ago Naomi Campbell compared kabbalah to Alcoholics Anonymous, but the supermodel is now reportedly meeting Madonna”s kabbalah mentor, Eitan Yardeni.

According to sources, Campbell met Yardeni at Manhattan”s Kabbalah Center shortly before flying to Europe with her Russian billionaire boyfriend, Vladimir Doronin, reports the New York Post.

In 2008 Campbell had criticised the sect, saying, “I knew about kabbalah before Madonna got involved. Kabbalah is not a religion, it”s a program. I don”t like to get hooked on things like that. It re minds me of AA, but just with differ ent words.

“They”ve got the same principles . . . I just believe in God. I am religious. I pray most days and do my thing. But each to their own.” (ANI)

Australia’s Westpac prices A$1.75 bln 2013 bond

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click on [AU/CRD] and then double click on the ID number)

SYDNEY, April 8 (Reuters) – Westpac Banking Corp (WBC.AX),
Australia’s third largest lender, has priced a A$1.75 billion
($1.62 billion) 2013 benchmark bond issue at 76 basis points
over swap and BBSW, it said on Thursday.

The issue comprised A$815 million in fixed rate and A$935
million in floating rate notes.

The offer, to be rated AA by S&P and Aa1 by Moody’s, was
also lead managed by Westpac. (Reporting by Cecile Lefort,
Editing by Balazs Koranyi) ((cecile.lefort@reuters.com;
+612-9373-1234; Reuters Messaging:
cecile.lefort.reuters.com@reuters.net))

Rebels poach Athletics Australia boss

Danny Corcoran has resigned after a six-year stint as chief executive of Athletics Australia to join new Super Rugby franchise Melbourne Rebels.

The Rebels join an expanded Super 15 competition in 2011 and Corcoran will be their inaugural general manager of rugby operations.

He held similar posts at AFL clubs Essendon and Melbourne before joining AA in 2004.

Corcoran becomes the second senior sports administrator to jump codes and join the Rebels.

Brian Waldron was poached from NRL outfit Melbourne Storm to be their first CEO.

Royals break IPL drought

Shane Warne’s Rajasthan Royals have finally won a match in the new Indian Premier League season, beating Kolkata Knight Riders by 34 runs at Ahmedabad overnight.

AA Jhunjhunwala top-scored with 45 runs from 36 balls and Adam Voges an unbeaten 37 from 22 as the Royals made 7 for 168 and restricted the Knight Riders to 5 for 134.

In Mumbai, Jacque Kallis struck an unbeaten 66 off 55 balls to lead Royal Challengers Bangalore to a seven-wicket win over the Indians.

Mumbai made 9 for 151 and Bangalore passed the target with five balls remaining.

- AAP

Thai Hot Stocks-Index at 14-week high, steel makers firm

BANGKOK, April 20 (Reuters) – Thailand’s benchmark stock
index .SETI was up 2.76 percent at 469.41, its highest since
Jan. 7, at midsession on Monday, buoyed by buying of energy
.SETEN and petrochemical shares .SETPT despite recent
political violence.

“With the political situation temporarily defused and
commodity prices stabilising, we recommend investors to
overweight commodity plays,” Kim Eng Securities said in a
research note.

Stocks on the move included:

STEEL MAKERS UP ON HOPES OF MEGA PROJECTS

Top hot-rolled steel coil maker Sahaviriya Steel Industries
SSI.BK jumped 13 percent to 0.43 baht, Bangsaphan Barmill
BSBM.BK rose 7.4 percent to 1.02 baht and Tata Steel
(Thailand) TSTH.BK, the largest steel bar maker, surged 13.3
percent to 1.11 baht.

Investors were positive on the steel firms in the short
term due to hopes that the government would continue the
construction of mass transit projects in Bangkok, analysts
said.

0529 GMT

BANK OF AYUDHYA (BAY.BK) OUTPERFORMS SECTOR

The country’s fifth biggest lender surged nearly 6.0
percent to 9.75 baht, its highest since Jan. 9, after
Thailand’s TRIS Rating upgraded the bank’s rating to “AA-” from
“A+”. The rating reflected the bank’s improved financial
performance, improved asset quality and growing franchise
value.

0532 GMT

KASIKORNBANK KBAN.BK UP ON BETTER-THAN-FORECAST Q1

Thailand’s fourth-largest lender rose 1.04 percent to 48.75
baht after it reported a 14 percent drop in quarterly net
profit due to falling income because of slowing loan demand and
softer margins, although the profit was higher than expected.
[nBAK000730]

However, the stock underperformed the banking subindex
.SETB which rose 1.55 percent.

0319 GMT

PTT AROMATICS AND REFINERY (PTTAR.BK) EXTENDS GAINS

Thailand’s largest olefins maker rose 1.55 percent to 13
baht, having hit a six-month high of 13.20 baht in early trade.

The company said it had completed upgrading its production
capacity to increase jet fuel and diesel capacity. [nBKK449846]

0325 GMT

– For the Thai press digest click on [PRESS/TH]

– For Thailand’s IPO diary click on

– For Thailand’s stock exchange news click on [TH-SET]

– For Thailand corporate earnings: [TH-RES-RTRS]

– For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=35.43 Baht)
(Reporting by Arada Therdthammakun; Editing by Alan Raybould)

Australia’s Challenger prices A$632.1 mln RMBS issue

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click on [AU/CRD] and then double click on the ID number)

SYDNEY, April 16 (Reuters) – Australian non-bank housing
lender Challenger Mortgage has priced a A$632.1 million ($458
million) issue of prime residential mortgage-backed securities
(RMBS), a joint lead said on Thursday.

The Australian government bought A$500 million of the offer
as part of its A$8 billion RMBS purchase plan announced late
last year to inject much-needed liquidity into the home loan
market.

The government has now invested A$4.8 billion in RMBS since
the programme was introduced.

Australian non-bank lenders have suffered since the U.S
subprime mortgage crisis because they are reliant on the
now-moribund securitisation market to fund their operations.

The Challenger offer is the fifth RMBS issue to be sold to
investors this year with the government acting as a cornerstone
investor.

The new Challenger offer, called Challenger Millennium
Series 2009-1 Trust, is backed by prime mortgages, and jointly
led by Barclays Capital, Deutsche Bank and National Australia
Bank.

The offer structure was revised from the day it was
launched with different amounts and ratings.

The issuer is a unit of Challenger Financial Group
(CGF.AX). The first tranche has a final maturity of April 20,
2010, while the other tranches mature on April 20, 2040.

Settlement is on April 24.

The issue pool includes loans with an average loan-to-value
ratio of 69 percent and an average time since issue, or
seasoning, of 30 months, according to Standard and Poor’s. The
pool comprises 8 percent of low-documentations loans.

Mortgage insurers are Genworth Financial Mortgage Insurance
Pty Ltd (47 percent) and QBE Lenders’ Mortgage Insurance Ltd
(53 percent).

Details of the offer are as follows:

Class AMOUNT RATINGS AVER LIFE MARGIN

(MLN) (S and P/FITCH) (YEARS) (bps)

A1 A$49 A-1+/F1+ 0.19 +70/1mBBSW

A2 A$51 AAA/AAA 0.54 +100/1mBBSW

A3 A$202.5 AAA/AAA 1.53 +130/1mBBSW

A4 A$289 AAA/AAA 4.29 +145/1mBBSW

AB A$20.3 AAA/AAA 4.38 +170/1mBBSW

B A$20.3 AA-/AA- undisclosed undisclosed
($1=1.38 Australian Dollar)
(Reporting by Cecile Lefort)

IDBI to raise Rs 5000 crore from domestic market

Industrial Development Bank of India Limited (IDBI) a leading public sector bank, has revealed its plan to raise capital worth Rs 5,000 crore through senior, upper and lower Tier II bonds in 2009-10.

The decision was taken by the company to shore up its capital adequacy ratio for supporting business growth.

Recently, the international rating agency Fitch has assigned a rating of ‘AA+(ind)’ to IDBI Bank’s Rs 4,000 crore senior and lower Tier-II subordinated bonds and ‘AA-(ind)’ rating to Rs 1,000 crore upper Tier-II subordinated bonds, which are to be issued in the domestic market.

In a separate release today, State-owned IDBI Bank today reduced its benchmark prime lending rate (BPLR) by 0.5 per cent to 13 per cent effective from April 15.

Shares of the bank gained Rs 0.9, or 1.68%, to end at Rs 54.40. The total volume of shares traded was 1,126,309 at the BSE (Thursday).

Mass prayers for world peace held at Leh

Leh, Mar 17 (ANI): Hundreds of residents and even tourists took part in a spiritual congregation at Leh in Ladakh.

All of them offered prayers for peace to prevail in the world.

This annual ritual of reciting ‘Om Aa Hum Vajra Guru Padma Siddhi Hum’, the sacred mantra of Saint Padmasambhava was organised by the Leh-based Lamdon Society, a voluntary forum active in social welfare and academic activities.

Morup Namgayl, the founder-member of Lamdon Society said that the collective prayers are in the cause of global peace and prosperity of mankind.

“Everyday is special, but according to the Buddhist calendar, our first month is very special. In this month, a special prayer is being held in every village. We have our sacred mantra and people repeat this mantra thousand times. Along with this mantra, Lamas perform a ritual and people also join them. The main purpose is for peace to prevail in the world,” said Morup Namgayl, founder-member of Lamdon Society, Leh.

Among those who offered prayers was the elderly Buddhist monk Chogon Rinpoche who incidentally has been participating in this annual congregation for the past six years.

In his sermon, Rinpoche gave invaluable tips about purification of the mind which ultimately would lead to world peace. (ANI)

Commonplace camera turns future teller in upcoming Bollywood

Bangalore, Mar 8 (ANI): A struggling photographer, whose destiny changes completely after getting a special camera which can predict the future, formed the theme of an upcoming Bollywood film.

‘Aa Dekhen Zara’, revolves around Ray Acharya, who stumbles upon his grandfather’s camera. The film in the camera capture the future and warns him against the looming dangers.

A pacy thriller, the movie is the latest flick from India’s prolific film industry, which promises to keep the audience on the edge of their seats.

The film stars heartthrobs Bipasha Basu and Neil Nitin Mukesh, but it is the special camera, an antique, which is central to the film.

Expressing optimism about the film’s fate, Mukesh, said, “We’ve all worked very hard. Especially, I want this film to be watched by everybody because it deserves a watch, and because of the efforts that we’ve all put in.”

The film is slated to hit the screens on March 27.

Time travel, future prediction and even supernatural have always captured the interest of the Indian film makers.

Apart from ‘Aa Dekhen Zara’, two other films revolving around the same topics are slated to be released this year. By Jaipal SharmaANI)

Robbie Williams exploring new ways to release his music

London, Jan 26 (ANI): Robbie Williams is exploring new ways to release his music.

The former Take That star may never release another CD once he has recorded the two further albums required by his label EMI.

“Robbie’s got a Best Of to come on his contract after releasing a new album this year. He will then look to his future. We will engage with a range of people and Robbie will have his ideas,” the Sun quoted his manager Tim Clark, as saying.

Aa far as rumours of a Take That live show reunion are concerned, Tim added: “They are all great friends again. Whether Robbie pops up at Wembley Stadium is up to him. But he is not going to become a full-time member.” (ANI)

Panasonic’s Latest New Range of Cameras

Panasonic’s Latest New Range of Cameras Panasonic, announced their three sub-$200 cameras on Friday, which they avoided doing at last week’s Consumer Electronics Show in Las Vegas.

Two of the cameras, which would provide a slim and compact build at a cheaper price than the company’s high-end slim and compact FX-Series, have been included in the FS-series. As far as the third camera is concerned, it will be part of LS-series, which though would be heaviest of Panasonic’s point-and-shoot line, but would be the cheapest. It has been learnt that the LS-series camera could be availed at a suggested retail price of just $119.95.

The FS5 would be succeeded by the Lumix DMC-FS15, and will provide 12.1 megapixel captures, a 5x optical zoom, a wide-angle 29-mm lens and a 2.7-inch LCD screen filled with 230,000 pixels.

The Lumix DMC-FS7, which would offer 10.1 megapixel captures, 4x optical zoom, and would use a 33mm lens, along with a 2.7-inch LCD screen filled with 230,000 pixels, would succeed the FS3.

It has been learnt that both FS15 and FS3 will be available in late March at a suggested retail price of $199.95 and $159.95, respectively.

It should also be noted here that the latest FS cameras will be the premier in the series to feature the new Auto Focus Tracking feature that is seen in other Panasonic cameras and camcorders. The advantage of this feature is that the user can target and focus on a subject, then stay “locked” onto it even if it is moving.

“The Lumix DMC-LS85 will be the successor to the LS80. It will offer 8.1 megapixel captures, a 4x optical zoom, a 33-mm lens, a 2.5-inch LCD with 230,000 pixels and be powered by two AA batteries. The LS85 will be available in April for a suggested retail price of just $119.95,” said the company.

The company also claims that all of the new cameras will provide video recording in a standard-definition, 4:3 ratio at a resolution of 640×480, but will also be able to record in widescreen 16:9 standard-definition at a resolution of 848×480.

A special type of collagen may provide protection against Alzheimer”s disease

London, Jan 6 (ANI): An international team of researchers has found that a certain type of collagen – main protein of connective tissue in animals- may help protect the brain against Alzheimer””s disease.

Scientists from the Gladstone Institute of Neurological Disease (GIND), UCSF, and Stanford have found that collagen VI may protects brain cells against amyloid-beta (Aâ) proteins, which are believed to cause Alzheimer””s disease.

“We first noticed the increase in collagen VI in the brain of AD mouse models, which inspired us to look for it in the human condition and to define its role in the disease,” Nature quoted lead researcher and GIND director Lennart Mucke as saying.

To identify the key biological pathways, the research team from Gladstone outlined the alterations in gene expression with the help of DNA microarrays.

The research team looked at dentate gyrus, the brain area crucial to memory and most susceptible to AD.

They compared the genes that were activated and deactivated in normal mice and a mouse model of AD, and found an unusual increase in collagen VI in the mice with AD.

Following the initial findings, team then decided to examine brain tissue from AD patients and normal non-demented humans.

The analysis further revealed that the cellular source of the collagen VI in the brain was neurons, the very cells that the disease attacks.

“These findings were really surprising and exciting to us because nobody knew anything about collagen VI in the brain,” said Jason Cheng, MD, co-lead author of the study.

“We were particularly curious whether collagen VI contributed to neuronal damage in AD or was produced as a defence mechanism against it,” added Dena Dubal, MD, PhD, co-lead author of the study.

For further understanding, scientists conducted a series of informative cell culture experiments.

They found that Aâ added to neurons grown in culture increased the expression of collagen VI and that this process involved the immune regulatory cytokine TGFâ.

Moreover, the increasing the amount of collagen VI in the cultures effectively protected the neurons against Aâ toxicity.

“This striking protective effect suggests that increased neuronal production of collagen VI is an important component of the brain””s defence against Aâ,” said Dr. Mucke. “It made us really curious about the underlying mechanisms.”

The study appears in recent edition of the journal Nature Neuroscience. (ANI)

Scientists develop new technique to fuse cells for stem cell research

London, Jan 5 (ANI): Researchers at Massachusetts Institute of Technology (MIT) have created a new, highly efficient way to pair up cells so that they can be fused together into a hybrid cell.

The technique, which resulted from collaboration between Joel Voldman, associate professor of electrical engineering and computer science, and Rudolf Jaenisch, professor of biology and a member of the Whitehead Institute, might make it a lot easier for scientists to study what happens when two cells are combined.

For instance, fusing an adult cell and an embryonic stem cell may help researchers study the genetic reprogramming that occurs in such hybrids.

The scientists have developed a simple but ingenious sorting method, which can boost the rate of successful cell fusion from around 10 percent to about 50 percent.

The technique also facilitates thousands of cell pairings at once.

Voldman said that despite the presence of cell fusion techniques in research, there were many technical limitations involved in the process.

And one of the biggest hindrances was how to get the right cells to pair up before fusing them, the researcher added.

If scientists are working with a mixture of two cell types, for example A and B, they end up with many AA and BB pairings, as well as the desired AB match. Earlier, the scientists could successfully trap cells in tiny cups as they flowed across a chip. Each cup could hold only two cells, but there was no way to control whether the cups capture an A and a B, two As or two Bs.

On the other hand, the cell-trapping cups on the new sorting device are arranged strategically to capture and pair up cells of different types.

First, type A cells are flowed across the chip in one direction and caught in traps that are large enough to hold only one cell.

After the cells are trapped, liquid is flowed across the chip in the opposite direction, pushing the cells out of the small cups and into larger cups across from the small ones. Once one A cell is in each large cup, type B cells are flowed into the large cups. As each cup can only hold two cells, thus each ends up with one A and one B.

After the cells are paired in the traps, they can be joined together by an electric pulse that fuses the cell membranes.

Besides helping with studies of stem cell reprogramming, the new method could help to study interactions between any types of cells.

“It”s a very general type of device,” Nature magazine quoted Voldman as saying.

The study has been published in the online edition of the journal Nature Methods. (ANI)