Finance News
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KB Financial Posts Loss as Provisions for Soured Construction Loans Rise
KB Financial Group Inc. , owner of South Korea’s largest bank, reported an unexpected second- quarter loss as it set aside more provisions against soured construction loans.
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Li Ka-shing Companies Bid $9.1 Billion for EDF's U.K. Unit
A group led by Hong Kong billionaire Li Ka-shing ’s Cheung Kong Infrastructure Holdings Ltd. has offered to buy Electricite de France SA’s U.K. power networks unit for 5.8 billion pounds ($9.1 billion).
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Mitsubishi UFJ Quarterly Profit More Than Doubles as Bad-Loan Costs Fall
Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank by market value, reported first-quarter profit that more than doubled, beating analysts’ estimates as bad loan charges fell and bond trading increased.
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Yields Dropping to '04 Levels Spark Busiest July for Sales: Credit Markets
U.S. corporate bond sales soared 31 percent this month, the busiest July on record, as yields fell to the lowest in more than six years on growing investor confidence in the economic recovery.
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Financial Services ETFs
| SPDR-FINL SELECT | 14.72 | 0.05 | 0.34 |
| SPDR KBW REGIONA | 23.88 | -0.06 | -0.25 |
| POWERSHARES FIN | 17.24 | 0.00 | 0.00 |
| SPDR KBW BANK ET | 24.21 | -0.03 | -0.12 |
| ISHARES-DJ FN SC | 52.91 | 0.06 | 0.11 |
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