Credit Suisse Agrees to Sell Distressed-Debt Portfolio to TSSP for $1.27 Billion -- Sources 

Credit Suisse Group AG agreed to sell a big chunk of distressed-debt (published 0125 GMT)

 
 
Australia's Stockland Lauds Tax Cuts, Lower Interest Rates 

Stockland is expecting Tuesday's tax cuts and lower official interest rates to stimulate its retail and residential property businesses, making it easier to achieve its earnings guidance. (published 0138 GMT)

 
 
Shandong Weigao Group Plans to Sell Unit to an A-Share Listed Company 

Shandong Weigao Group Medical Polymer Co. plans to sell its wholly-owned unit, Shandong Weigao Orthopaedic Device Co., to an A-share listed company in exchange for a major stake in the buyer. (published 0122 GMT)

 
 
Petrobras Sells Stakes in Argentina and Chile Units 

Brazilian state-run oil firm Petróleo Brasileiro SA said late Tuesday that it has sold stakes in its Argentina and Chile subsidiaries, some of the first positive signs that the company's aggressive effort to shed assets is gaining traction. (published 0107 GMT)

 
 
Carlyle Hires Bank to Explore Sale of Stake in French Orthopedic Implant Maker 

Carlyle Group has hired investment bank Natixis to explore a sale of its stake in French medical equipment company Groupe Marle, according to people familiar with the process. (published 0045 GMT)

 
 
BHP, Vale Face $44 Billion Lawsuit Over Brazil Dam Disaster 

Brazilian federal prosecutors filed a civil lawsuit Tuesday demanding that mining companies responsible for a catastrophic dam failure in November shell out up to 155 billion reais for cleanup and remediation, far more than the government initially estimated. (published 0024 GMT)

 
 
Skyway Securities to Raise HK$720 Mln in Share Issuance 

Skyway Securities Group Ltd. said after trading hours Tuesday it will raise a total of 720 million Hong Kong dollars by issuing new shares. (published 0034 GMT)

 
 
China Ruifeng Renewable Energy Holdings Reduces Stake in Langcheng to 48.56% From 95% 

China Ruifeng Renewable Energy Holdings Ltd. said after trading hours Tuesday it was paring back its stake in Hexigten Qi Langcheng Ruifeng Electric Development Co. Ltd., a wind farm, in order to unlock cash for general working capital and for future investments. (published 0022 GMT)

 
 
Renheng Enterprise Holdings: Chairman and CEO Wei Sheng Peng Passes Away 

Renheng Enterprise Holdings Ltd. said before trading hours Wednesday that Chairman, CEO and company founder Wei Sheng Peng has passed away and that his widow, Liu Li, has been appointed Chairman and CEO in his place, effective immediately. (published 0042 GMT)

 
 
Seven Banks Agree to Settle ISDAfix Suit -Reuters 

Seven major banks have agreed to pay a combined $324 million to settle a lawsuit alleging illegal activity related to the ISDAfix rate, Reuters reported Tuesday. (published 0019 GMT)

 
 
Shui On Land to Dispose of Two Properties for CNY3.37 Bln and CNY1.13 Bln 

Chinese developer Shui On Land Ltd. said after trading hours Tuesday it will dispose of two commercial properties in Hubei province due in part to 'prevailing market conditions.' (published 0002 GMT)

 
 
Pemex Chief: Mexico's Oil Giant On Track to Meet Spending-Cut Goals 

On his second day as the head of state-oil giant Petróleos Mexicanos this past February, José Antonio González Anaya got an early glimpse of what his new job would be like: He canceled an expensive contract to buy 40,000 computers. (published 2251 GMT Tuesday)

 
 
 

(END) Dow Jones Newswires

May 03, 2016 23:00 ET (03:00 GMT)

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