Industry News

First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the July 2016 First American Real House Price Index. The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time and across the United States at national, state and..."/>
Rising household incomes and falling mortgage rates are currently boosting consumer house-buying power in many major metropolitan markets, more than offsetting any nominal gains in price levels, says Chief Economist Mark Fleming
Blackstone to Offer Euro-Denominated Senior Notes
Crypto-currencies: are they safe to use? [Mint, New Delhi]
Yes Bank Ltd on Tuesday said that it will raise Rs.330 crore through an issue of seven-year green infrastructure bonds to FMO, the Dutch Development Bank, on a private placement basis. This is FMO's first investment in a green bond issued by a bank in India. This will be the third such green bond issuance by the bank in the last 18 months, after the highly successful maiden issuance of Rs.1, 000 crore in February 2015, followed by..."/>
BRIEF: Yes Bank to raise Rs330 crore through green infrastructure bonds [Mint, New Delhi]
Max Financial Services Ltd have cleared a proposal to pay a Rs.850 crore non-compete fee to Analjit Singh and other promoters of the Max group. This was a pre-requisite to the firm's three-way merger with its unit Max Life Insurance Co. Ltd and HDFC Life Insurance Co. Ltd.. Around 65% of votes polled were in favour of the resolution to pay the non-compete fee, said a Max Financial notice to the stock exchanges on Tuesday."/>
HDFC Life-Max merger: Max Financial shareholders okay non-compete fee [Mint, New Delhi]
China Everbright Group's largest overseas financial investment flagship, China Everbright Limited, will be held on 19- 21 October 2016 at the Shangri-La Hotel, Qingdao. Entering its fifth year following previous successes in Sanya, Xiamen, Shanghai and Chongqing, the Everbright Investment Conference is one of the most influential summits and platforms for the asset management industry."/>
China Everbright Limited to host Investment Conference 2016 in Qingdao: "Exploring the New Era of Alternative Asset Management"
INTL FCStone Inc. today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division, launched a financial information exchange protocol, which is integrated with its proprietary FXecute global payments platform. The FIX protocol is an electronic communication method for the real-time exchange of information, and its integration with FXecute marks one of the first FIX offerings for cross-border payments in..."/>
INTL FCStone Ltd's Global Payments Division Launches Financial Information Exchange Protocol for Cross-Border Payments Platform
Nano Dimension Ltd., a leader in the field of 3 D Printed Electronics, today announced the pricing of its public offering of 1,850,000 American Depository Shares at a price of $6.50 per ADS. In addition, Nano Dimension has granted the underwriters a 45- day over-allotment option to purchase up to 277,500 additional ADSs at the public offering price. All of the ADSs are being offered by the Company."/>
Nano Dimension Ltd. Raises $12M in Public Offering of American Depositary Shares
Hong Kong Dinner in London Spotlights New Era of Opportunities
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that J.P. Morgan has been approved as a clearing member for ICE Clear Singapore, effective immediately. Morgan is pleased to expand our existing relationship with ICE as it continues to strengthen its presence in Asia."/>
ICE Clear Singapore Announces J.P. Morgan as a New Clearing Member
Crypto-currencies: they are such a blur [Mint, New Delhi]
Motilal Oswal Financial Services, started investing in equity almost three decades ago, and has not only seen the domestic equity space move from open outcry cash dealings to sophisticated, regulated digital trades on exchanges but has also been through many market and economic cycles. In all these years, Agrawal says, the most important learning has been that nothing can beat quality and patience. Agrawal spoke to Mint about how markets are..."/>
If large companies don't move, how will the index move ahead' [Mint, New Delhi]
Teva Pharmaceutical Industries Ltd. in the New York court regarding the acquisition of the Mexican firm Rimsa will probably not be the only legal action Teva will have to conduct regarding this acquisition. Yesterday, the Central District Court received a request to file a derivative suit against Teva, company directors and executives, including CEO Erez Vigodman and CFO Eyal Desheh, and against Citigroup, which provided Teva with consultation..."/>
Shareholders sue Teva over Rimsa acquisition [Globes, Tel Aviv, Israel]
Satin Creditcare Network Ltd, a Delhi-based microlender, said that it was launching a qualified institutional placement on Monday to raise at least Rs.150 crore. A QIP is a sale of securities to institutional investors by a listed company. SCNL intends to raise Rs.150 crore with the so-called greenshoe option of raising Rs.100 crore more if it receives surplus demand."/>
Satin Creditcare opens Rs250 crore QIP issue [Mint, New Delhi]
EPaisa starts accepting payments through UPI [Mint, New Delhi]
IIFL Holdings Ltd.. The anti-trust regulator posted the approval on microblogging site Twitter on Monday evening."/>
BRIEF: CCI clears UK fund group CDC's investment in India Infoline Finance [Mint, New Delhi]
ShopClues plans quiet Diwali in profits push [Mint, New Delhi]
Federal Home Loan Mortgage Corp. utilizes a panel of mortgage insurance companies to share credit risk. Freddie Mac is using a new front-end credit risk transfer offering, Freddie Mac Deep MI CRT, according to an announcement Monday. The pilot credit risk sharing program utilizes a forward credit insurance policy through a panel of mortgage insurance company affiliates."/>
Freddie Unveils New Risk Sharing Program [Mortgage Daily]
Allied Bank and closed down the Mulberry, Arkansas, financial institution."/>
114-Year-Old Bank Fails [Mortgage Daily]
Federal National Mortgage Association has taken it live. Fannie Mae disclosed in June that the planned June 25 release date for Desktop Underwriter Version 10.0 would be delayed to ensure a successful implementation. DU 10.0 utilizes trended credit data to provide an enhanced credit risk assessment and new automated underwriting capabilities for..."/>
Enhanced DU Goes Live [Mortgage Daily]
GLOBAL NET LEASE/AMERICAN REALTY CAPITAL TRUST II TIE-UP A 45- day "go shop" period has expired in US-based REIT Global Net Lease, Inc.' s deal to acquire US-based REIT American Realty Capital Global Trust II, Inc. for approximately USD 247 m, the companies said. The companies entered into a definitive agreement on 8 August, in a deal by and among GNL, American Realty Capital Global..."/>
M and A Navigator: Deal pipeline 27 September

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