Indonesia's BTPN shares leap 9 percent on Japan SMBC stake buy report
HONG KONG (Reuters) - Shares in Indonesian lender BTPN (BTPN.JK) surged 9 percent on Monday after Reuters reported at the weekend that Japan's Sumitomo Mitsui Banking Corp was in advanced talks to buy a 40 percent stake in the company from private equity firm TPG Capital.
Shares in Indonesia's seventh-biggest lender by market value, Bank Tabungan Pensiunan Nasional Tbk PT (BTPN), were trading at 5,450 rupiah by 0240 GMT, while the benchmark Indonesian share index .JKSE was up 0.3 percent.
SMBC is a unit of Japan's third-largest lender by assets Sumitomo Mitsui Financial Group Inc (8316.T). SMFG shares were not traded on Monday due to a public holiday in Japan.
NEW YORK - U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. | Video
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.