BELARUS NEWS AND ANALYSIS
DATE:
04/11/2010
East Europe Day Ahead: Ruble Bond Market to Grow on Belarus
By David McQuaid
Nov. 4 (Bloomberg) -- Following are the top stories on central and eastern Europe.
Top Central/Eastern Europe and Top Emerging Markets
Ruble Bond Market Grows as Belarus Pioneers Sale: Russia Credit
Belarus will become the first country outside Russia to sell bonds denominated in rubles as the government seeks to attract investors from its biggest trading partner and borrow at cheaper rates than in U.S. dollars.
Lotos Net Rises as Zloty Gains Trim Polish Refiner's Debt Costs
Grupa Lotos SA, Poland's second-largest oil refiner, said third-quarter net income rose to 1.05 billion zloty from 578.8 million zloty a year earlier as the strengthening zloty cut the cost of its foreign-currency denominated loans.
Emerging-Market Stocks Rise as Federal Reserve Boosts Stimulus
Emerging-market stocks rose, sending the benchmark index to its highest level since June 2008, after the U.S. Federal Reserve expanded measures to boost the world's largest economy.
Clinton Says U.S. Can Pass Nuclear Treaty With Russia (Update1)
Secretary of State Hillary Clinton said the government still has sufficient votes in Congress to ratify a treaty that would reduce U.S. and Russian nuclear weapons after this week's congressional elections.
BNP Paribas Third-Quarter Net Rises 46% on French, U.S. Retail
BNP Paribas SA, the world's biggest bank by assets, reported a 46 percent increase in third-quarter profit, helped by its consumer-banking networks in France, Belgium and the U.S.
China Bears Squeezed as Traders Concede at Faster Rate (Update1)
Bears on Chinese equities are in retreat even as bets against the country's companies exceed those of any of the world's biggest markets, a buy signal for some of the nation's most accurate stock forecasters.
Gladiators, Harem Girls Emerge From Hiding at Musee d'Orsay
Had Cecil B. DeMille been a painter, his canvases would look like those of Jean-Leon Gerome. The French artist's gladiator fights and scenes of Roman decadence could be straight out of epic films such as "Cleopatra" and "The Sign of the Cross."
For a calendar of expected events today in central and eastern Europe, click CNP00094090301
Eastern European Stock Markets
Poland's WIG20 fell 0.4 percent, the Czech PX Index climbed 0.7 percent and Hungary's BUX Index fell 0.3 percent. The 30- stock Micex Index rose 0.2 percent to 1,540.1 in Moscow.
Grupa Lotos SA (LTS PW): Poland's second-largest oil refiner is scheduled to release third-quarter earnings. Lotos shares increased less than 0.1 percent to 30.68 zloty.
Netia SA (NET PW): Poland's second-largest fixed-line phone company will publish earnings for the third quarter. Netia rose 0.9 percent to 5.6 zloty.
PKO Bank Polski SA (PKO PW): Poland's biggest bank and BRE Bank SA (BRE PW), majority-owned by Commerzbank AG, will report earnings for the third quarter. PKO shares declined 0.4 percent to 45.7 zloty, and BRE dropped 1.4 percent to 288 zloty.
World Markets
BNP Paribas Third-Quarter Net Rises 46% on French, U.S. Retail
BNP Paribas SA, the world's biggest bank by assets, reported a 46 percent increase in third-quarter profit, helped by its consumer-banking networks in France, Belgium and the U.S.
Euro Weakens on European Fiscal Concerns, ECB Policy Outlook
The euro retreated from near a nine- month high against the dollar as lingering concern about European nations' fiscal problems damped demand for assets in the region.
Treasury Five-Year Yield Falls to Record as Fed Targets Notes
Treasuries rose, sending five-year yields to a record low, after the Federal Reserve said it will focus its asset purchases on medium-maturity debt as it tries to spur the economy.
Commodities to Jump, Standard Chartered's Murthy Says (Update1)
Commodity prices are set to surge, driven by a weaker dollar and increased demand, according to Standard Chartered Plc, which plans to boost hiring in metals, agriculture and coal by 10 percent next year as revenue climbs.
Newspaper Highlights
Mid Europa Gets 4 Bids For Polish Cable TV Aster, Parkiet Says
Mid Europa Partners received four bids for the Polish cable television operator Aster Sp. z o.o., Warsaw-based Parkiet newspaper reported, without saying where it got the information.
PGNiG May Decide Against Bidding For Poland's Lotos, Rp.pl Says
Polskie Gornictwo Naftowe i Gazownictwo SA, Poland's dominant gas company known as PGNiG, may decide against bidding for the government's stake in the country's second-largest oil refiner Grupa Lotos SA, Rp.pl reported, without saying where it got the information.
Raiffeisen Doesn't Have to Raise Capital, CEO Says, FT Reports
Raiffeisen Bank International AG Chief Executive Officer Herbert Stepic said the enlarged Vienna- based bank doesn't need to raise capital to bolster its balance sheet to meet new Basel III rules, the Financial Times reported, citing an interview.
--Editor: David McQuaid
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