Financial News from Reuters

Jan 28 (Reuters) - Mitsubishi UFJ Financial Group Inc's net profit for the April-December period is expected to jump 40-50 percent to 800 billion yen ($10.43 billion), largely helped by the 290 billion yen goodwill it gained on the conversion of its Morgan Stanley shares to common stock, The Nikkei business daily said.
TEHRAN (Reuters) - Fighting sanctions with sanctions in a trial of strength with the West over its nuclear ambitions, Iran warned on Friday it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
LONDON, Jan 27 (IFR) - ECM bankers hired to arrange Polish privatisation transactions totalling at least 10 billion zlotys ($3.1 billion) are suddenly terrified that the mandates are set to be torn up.
MILAN, Jan 27 (Reuters) - Italy's bank UniCredit said on Friday its 7.5 billion euros capital increase was 99.8 percent subscribed.
* EU/IMF/ECB list reform measures on which Greek aid depends
-- Oliver Agha, founding Partner of Agha & Co, a shari'ah-compliant law firm based in the United Arab Emirates (www.aghaandco.com), is a board member of the Accounting and Auditing Organisation for Islamic Financial Institutions, and secretary general of the World Islamic Finance Institute, a body created to develop best practice in the industry.

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