BEFORE 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
Read more3rd UPDATE: HSBC 1H Net Doubles To $6.76B On Lower Charges
2nd Aug 2010 11:15
(Adds detail.) By Patricia Kowsmann and Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC), Europe's largest bank by market capitalization, said Monday that its net profit for the first half of the year doubled, as it sharply reduced impairment charges and
Read moreHSBC Chairman: Emerging Markets Priority Focus For Investment
2nd Aug 2010 11:08
HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) Chairman Stephen Green said Monday emerging markets will remain the bank's priority for investments and the lender will continue to invest in mainland China. Green also told reporters he doesn't believe the U.K.-based but Asia-focused bank has too m
Read more2nd UPDATE: BNP Paribas 2Q Net Surges 31% On Retail Banking
2nd Aug 2010 10:59
(Adds detail and analyst comment.) By Elena Berton Of DOW JONES NEWSWIRES PARIS (Dow Jones)--BNP Paribas SA (BNP.FR), France's largest lender by market capitalization, Monday reported far better-than-expected second-quarter net profit, as strong retail operations and lower provisions mor
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:50
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0950 GMT [Dow Jones] HSBC Holdings (HBC) beat expectations on lower provisions for the first half of the year, says Citigr
Read moreMARKET TALK: HSBC Beats Expectations On Lower Provisions -Citi
2nd Aug 2010 10:50
0950 GMT [Dow Jones] HSBC Holdings (HBC) beat expectations on lower provisions for the first half of the year, says Citigroup. Adds investment banking also better-than-expected, driven by trading income and lower impairments. Pretax profit from Hong Kong also ahead of consensus. Keeps stock at hold
Read moreUPDATE: Corporate Credit Indexes Tighten As Earnings Support
2nd Aug 2010 10:43
By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spreads on European corporate credit default swap indexes were tighter Monday as economic data and second-quarter earnings reports from banks continued to support the positive momentum built last week. At around 0930 GMT, the Mar
Read more2nd UPDATE: HSBC 1H Net Doubles To $6.76B On Lower Charges
2nd Aug 2010 10:41
(Adds detail and analyst comment.) By Patricia Kowsmann and Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC), Europe's largest bank by market capitalization, said Monday that its net profit for the first half of the year doubled on lower impairment charge
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:33
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0933 GMT [Dow Jones] Improved impairments on bad loans offsets slightly weaker revenue in HSBC Holdings' (HBC) 1H results,
Read moreMARKET TALK: HSBC Loan Losses Offset Weaker Revenue - Oriel
2nd Aug 2010 10:33
0933 GMT [Dow Jones] Improved impairments on bad loans offsets slightly weaker revenue in HSBC Holdings' (HBC) 1H results, says Oriel Securities. It says profit figures met consensus estimates, as drops in both trading income and net interest income were balanced against impairments' sharp fall to $
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