IFC says invests $15 Million in new Lonmin shares

(Reuters) - The International Financial Corp (IFC) said on Tuesday it has invested $15 million in new shares in South African platinum producer Lonmin Plc, as part of a bigger planned investment.

Lonmin will issue 245,020 shares to the IFC at 3103 pence per share, a discount of 5 percent to the closing mid-market price of Lonmin shares on the London Stock Exchange on April 2.


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UPDATE 3-Nikko investor to place sell order above TOB price

(Reuters) - NEW YORK/TOKYO, April 2 - Orbis Investment Management, a major shareholder of Nikko Cordial Corp. , said on Monday it will immediately place an order on the Tokyo bourse to sell its entire 5.8 percent stake in the Japanese broker at a price 12 percent higher than Citigroup's offer.

Orbis believes that Citigroup's offer of 1,700 yen per share for Nikko materially undervalues the company.


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Boart drilling services IPO raises $1.9 bln-sources

(Reuters) -

By Denny Thomas


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Lone Star selling stake in Tokyo Star Bank -sources

(Reuters) - Several buyout firms are in the running to buy all or part of Lone Star's 68 percent stake in Tokyo Star, the sources said.

Lone Star is looking to sell at least half its Tokyo Star holdings, or a third of the bank's outstanding stock, and has already completed one round of bidding in which several potential buyers were eliminated, the sources said.


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Wall St dollars help NY buck U.S. housing decline

(Reuters) - The overall selling price in Manhattan dipped, however, due to sales of smaller units.

The average price of an apartment with four bedrooms or more rose 24.8 percent year-on-year to $8,957,570, according to the Prudential Douglas Elliman's Manhattan overview report released on Tuesday.


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JGBs ease as stocks rebound, 10-year auction eyed

(Reuters) - Traders expect the coupon to be set at 1.7 percent, given the current level of 10-year yields. Coupons at the four previous 10-year bond sales were set at this level.

The auction is seen as an important test of demand for yield among domestic investors in the new fiscal year and analysts say investors are keen to buy 10-year JGBs with a yield above 1.7 percent.


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Continental Airlines March passenger revenue rose

(Reuters) - Traffic, as measured by revenue passenger miles, rose 3.4 percent in March, while capacity, as measured by available seat miles, increased 1.8 percent.




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