Barclays In Talks With Chinese Fund Companies On Fixed-Income ETFs
5th Jul 2010 12:31
SHANGHAI (Dow Jones)--Barclays Capital, the investment bank owned by Barclays PLC (BCS), is in talks with several Chinese mutual-fund companies that are considering launching exchange-traded funds investing in foreign fixed-income products using Barclays' fixed income indexes as their benchmark, a B
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreCredit Agricole To Price 15-Year Covered Bond At Swaps +0.77
5th Jul 2010 11:54
LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated, benchmark, covered bond at 77 basis points over midswaps, one of the banks running the sale said Monday. This is in line with initial guidance set between 75 and 78 basis points o
Read moreCredit Agricole Plans 15-Year Euro Benchmark Covered Bond
5th Jul 2010 09:42
LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated, benchmark-sized covered bond at 75 to 78 basis points over midswaps, one of the banks running the sale said Monday. Barclays PLC, Credit Agricole CIB, Landesbank Baden-Wuerttember
Read moreMARKET TALK: Bernstein Parses June Business, Euro Debt To Banks
5th Jul 2010 09:40
0840 GMT [Dow Jones]--The month of June didn't result in brisk business for investment banks, albeit better than in May, says Bernstein Research. However, analyst Dirk Hoffmann-Becking says investing in European banks still ultimately boils down to how the euro debt crisis is resolved, as opposed to
Read moreBarclays Extends Acceptance Period For Tricorona offer
5th Jul 2010 07:58
DOW JONES NEWSWIRES Barclays said Monday its subsidiary TAV has received acceptances for 118,818,050 (81%) shares in Tricorona. Accordingly, the condition to become the owner of at least 90% of the total number of shares in Tricorona has not been satisfied, although all other conditions have bee
Read moreNordenia Prices EUR280M 2017 Bond At 98.7567, To Yield 10%
2nd Jul 2010 16:06
LONDON (Dow Jones)--German packaging company Nordenia Holdings GmbH has priced its EUR280 million, 2017, high-yield bond through Deutsche Bank AG and Barclays Capital, one of the banks said Friday. The proceeds of the bond will be used to pay down existing debt and fund a dividend for its owner,
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
Read moreProgram Trading Surged Last Week On NYSE; Volume Jumps
1st Jul 2010 16:11
DOW JONES NEWSWIRES Program trading surged last week on the NYSE Euronext's (NYX) New York Stock Exchange, while total volume grew as the market reacted to housing news, the Federal Reserve's interest rate meeting and the ongoing banking-overhaul legislation. The daily program trading volum
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read moreFTSE 100 movers: Investment managers decline
1st Jul 2010 13:57
Footsie remains lower with financials heading the losers. This is because of concerns of a slow-down at Barclays Capital (BarCap) investment management arm. Barclays said BarCap had seen weaker trading conditions in the past two months. Schroders and Investec are also well down on the back of this
Read moreVEB To Price $1B 10-Yr Bond At Treasuries +4.00 Area
1st Jul 2010 13:57
LONDON (Dow Jones)--Russian state development bank Vnesheconombank, or VEB, will price its new $1 billion, 10-year bond issue around 400 basis points over treasuries, a lead manager on the deal said Thursday. Barclays Capital PLC, Citigroup Inc., HSBC Group PLC and Societe Generale SA are leadi
Read moreUK Banks Cautiously Welcome EU Bonus Rules After 2009 Changes
1st Jul 2010 12:54
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. banks could gain from a new set of rules on banker bonuses being discussed by European Union governments, after the country unilaterally applied stricter rules on pay last year, people familiar with the situation said Thurs
Read moreLondon midday:Stocks pare losses
1st Jul 2010 12:11
Leading shares finished the morning session well above their low levels though the Footsie remained in arrears on lingering fears about a slowdown in economic growth in China and concerns over Spain's sovereign debt after ratings agency Moody's said it was considering lowering its rating by a notch
Read moreUPDATE: Barcap Aims For Slice Of Swiss Franc Bond Market
1st Jul 2010 11:52
(Adds detail) By Katharina Bart Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Barclays PLC (BCS) said Thursday it will widen operations in Switzerland with several new hires to begin underwriting and trading Swiss franc bonds from Zurich, part of a move to bolster investment-banking service
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