Societe Generale To Become UK Gilt Primary Dealer
2nd Aug 2010 16:21
LONDON (Dow Jones)--French bank Societe Generale SA will become a primary dealer of U.K. government bonds, known as gilts, from September 1, 2010, the bank said Monday. Societe Generale will now participate directly in gilt auctions and take an active role in the issuance, distribution and marke
Read moreAfter Heavy Losses, HSBC To "Gently Grow" US Consumer Lending
2nd Aug 2010 15:53
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) Monday said it plans to start "gently growing" its U.S. consumer finance business again, despite a quarter-on-quarter drop in profitability at the unit as the U.S. economy slowed. Chief Finance Officer D
Read moreFTSE 100 movers: Resources and banks head higher
2nd Aug 2010 15:36
Resources and bank shares are leading Footsie higher. Xstrata has signed a non-binding letter of intent to buy the 75% it does not own of the owner of the CEZ zinc refinery in Canada. The refinery processes zinc concentrate for Xstrata in return for a fee. The purchase will cost C$127.5m and the c
Read moreUS HOT STOCKS: NRG, Allergan, HSBC, Boyd Gaming, Arena Pharma
2nd Aug 2010 15:22
U.S. stocks traded higher Monday as the Dow Jones Industrial Average gained 1.2% to 10594, the S&P 500 grew 1.3% to 1115 and the Nasdaq Composite increased 1.1% to 2280. Among the companies whose shares are expected to actively trade in Monday's session are NRG Energy Inc.'s (NRG), Allergan Inc. (AG
Read moreSector movers: HSBC kicks off banks' results with a bang
2nd Aug 2010 15:19
The banking sector has jumped on soaring profits from HSBC. It gave a signal that the banking sector may be returning to normality after the credit crisis as it posted interim profits that more than doubled on the back of a sharp reduction in bad debts. In the half year to June 30, the bank saw pre
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreBEFORE THE BELL: US Stock Futures Rally On Back Of HSBC Data
2nd Aug 2010 14:16
By Polya Lesova U.S. stock futures rallied on Monday, buoyed by strong earnings reports from HSBC Holdings and BNP Paribas, as investors awaited manufacturing data and comments on the economy from the Federal Reserve chairman. Futures on the Dow Jones Industrial Average jumped 124 points to
Read moreFinancial News: HSBC Invest Bank Aided By Asia, North America
2nd Aug 2010 14:08
By Matt Turner Of FINANCIAL NEWS HSBC's (HBC) investment bank delivered its second highest half-year performance as the U.K. bank relied on its Asian and North American units to maintain its strong growth. Pretax profits for the first half of 2010 were $5.6 billion in the global banking
Read moreUPDATE: Hang Seng Bank 1st-Half Net Up 8.4% On Higher Fees
2nd Aug 2010 13:04
(Adds details on net fee income, net interest margin and comments from bank's management about second-half outlook.) By Chester Yung Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--Blue-chip lender Hang Seng Bank Ltd. (0011.HK) said Monday its first-half net profit rose 8.4% from a year
Read moreBEFORE THE BELL: US Stock Futures Higher Buoyed By HSBC, BNP
2nd Aug 2010 12:37
By Polya Lesova U.S. stock futures rallied on Monday, buoyed by strong earnings reports from HSBC Holdings and BNP Paribas, as investors awaited manufacturing data and comments on the economy from the Federal Reserve chairman. Futures on the Dow Jones Industrial Average jumped 111 points to
Read moreHSBC Agrees Sale Of $2.9B Auto Loan Book To Unnamed Buyer
2nd Aug 2010 12:26
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) Monday said it has agreed to sell a $2.9 billion portfolio of auto loans to an undisclosed buyer, in what would mark the complete disposal of a $4.3 billion auto loan book that is currently in run-off.
Read moreLondon midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreEuropean midday: BNP Paribas, HSBC boost banks
2nd Aug 2010 11:54
Banks are leading the way on Europe's main markets after forecast-beating quarterly figures from BNP Paribas and HSBC. France's biggest listed bank is leading the way, up almost 5%, after reporting a better-than-expected 31% rise in second-quarter net profit on Monday. Net profit for the three mon
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 11:47
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN201008021274.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 06:47 ET (10:47 GMT)
Read moreN AMERICAN MORNING BRIEFING: Stocks Seen Higher, ISM Data In Focus
2nd Aug 2010 11:22
DJIA Futures 10528.0 +111.0 +0.7% S&P 500 Futures 1111.2 +12.9 +0.8% Nasdaq Futures 1882.3 +20.0 +0.7% Above are as of 0615 ET FTSE 100 5339.0 +94.0 +1.1% Xetra DAX 6258.5 +91.5 +1.2% CAC 40 3722.5 +81.0 +1.2% Aboce are as of 0615 ET Nikkei 225
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