The following issue went on sale today:
Banco Santander SA, Spain’s biggest bank, named Javier Marin as chief executive officer, turning to a leader from a younger generation after Alfredo Saenz resigned.
Portugal’s banks are defying a prediction by Moody’s Investors Service that the nation would need to tap bailout funds a second time to refinance lenders.
The yen may slide to 110 per dollar in the next six months after it breaches the 100 level for the first time in four years, according to Macquarie Bank Ltd.’s David Forrester.
Banco Santander SA, Spain’s biggest bank, said first-quarter profit slid 26 percent, missing analysts’ estimates, as income from lending fell in its home market, Brazil and the U.K.
The Australian and New Zealand dollars fell against most of their major counterparts after a report signaled manufacturing slowed more than estimated in China, the biggest trading partner of both nations.
Banco Santander SA, Spain’s biggest bank, will probably say first-quarter net income declined on lower profit from Brazil and the U.K. and as reduced interest rates squeezed Spanish lending margins.
The yen dropped against the majority of its 16 most-traded counterparts on bets the Japanese currency will weaken further amid signs the nation’s investors are seeking foreign assets.
The yen strengthened for a second day versus the euro and the dollar after an industry report showed Chinese manufacturing expanded at a slower pace, increasing demand for safer assets.
Macquarie Bank Ltd. is marketing a sale of U.S. dollar-denominated bonds, according to a person with direct knowledge of the matter.