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China's Chongqing to auction 26.5 bln yuan bonds on June 2

SHANGHAI, May 27- China's Chongqing Municipality will auction 26.5 billion yuan of bonds ranging in tenor from three to 10 years on June 2, according to a notice posted on the website of one of the country's main bond clearing houses late on Tuesday. Guangxi will be the fifth government to auction municipal bonds in China this year. Of the 26.5 billion yuan,...
Source: Reuters
UPDATE 6-Charter's $56 bln Time Warner Cable deal to face tough U.S. scrutiny

*Time Warner Cable's shares up 7.1 pct, Charter up 2.7 pct. May 26- Charter Communications Inc's $56 billion bid to remake the U.S. cable television industry by acquiring larger rival Time Warner Cable Inc will try to skirt the regulatory obstacles that helped sink Comcast Corp's earlier bid for Time Warner Cable. The transaction faces a close review from the...
Source: Reuters
UPDATE 2-Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop

MUMBAI/ NEW DELHI, May 26- Tata Motors Ltd, India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market. The company said it expected mixed economic conditions in China, the world's largest auto market, and other...
Source: Reuters | By: Zeba Siddiqui and Aditi Shah
Altice's ambitions for U.S. undimmed after Time Warner Cable setback

*Charter agrees to buy Time Warner Cable in $56 bln deal. PARIS, May 26- Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice, will not let missing out on Time Warner Cable dissuade him from further expansion in the United States, people familiar with the situation said. Taking his first step across the Atlantic last week by agreeing to...
Source: Reuters | By: Leila Abboud
Colombia's Ecopetrol foresees $6 bln/yr investment budgets through 2020

BOGOTA, May 26- Colombia's Ecopetrol SA expects its annual investment budgets to be around $6 billion through 2020, it said in a strategic plan published on Tuesday, down from recent years as it pursues a structural savings target of $1 billion a year. Ecopetrol plans to invest around $4 billion per year in production and boost reserves by increasing the amount...
Source: Reuters
UPDATE 4-U.S. cable operator Charter to buy Time Warner Cable for $56 bln

*Time Warner Cable's shares up 3.7 pct, Charter off 1 pct. May 26- Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp.. The partners, who said on Tuesday the deal would mean better access...
Source: Reuters | By: Abhirup Roy
UPDATE 1-EMC to buy Virtustream for $1.2 bln to expand cloud offerings

May 26- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings. EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business. "With the addition of Virtustream, EMC will enable customers...
Source: Reuters
UPDATE 3-Charter agrees to buy Time Warner Cable for $56 bln

*Time Warner Cable's shares up 7.8 pct at $184.59. May 26- John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp.. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, is...
Source: Reuters | By: Abhirup Roy
EMC to buy Virtustream for $1.2 bln in cash

May 26- Data storage products maker EMC Corp said it would buy privately-held Virtustream for about $1.2 billion in cash. EMC said on Tuesday that Virtustream would form its new managed cloud services business. The deal, which is expected to close in the third quarter, is expected to add to EMC's revenue and profit in 2016, the company said.
Source: Reuters
UPDATE 2-Charter to buy Time Warner Cable for $56 bln

May 26- John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp.. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, offered about $195.71 in cash-and-stock for each Time...
Source: Reuters