MARKET TALK: HK Short Sales Down 24.6% Tuesday; HSBC Tops List
20th Jul 2010 00:44
2344 GMT [Dow Jones] HK short-selling volume down 24.6% at HK$2.517 billion Tuesday, 4.9% of market's total volume, vs 7.6% Monday, as bears deterred by HSI's 0.9% rebound. HSBC (0005.HK) leads with HK$161.65 million, Agricultural Bank of China (1288.HK) with HK$120.56 million, A50 (2823.HK) with HK
Read moreUPDATE: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 17:12
(Adds detail, context) By Laurence Norman and Jonathan Buck Of DOW JONES NEWSWIRES FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday the new government is still weighing up new lending targets for the part-nationalized banks but said that it is only o
Read moreUPDATE: Temasek Sets 2-Part GBP700M Sterling Bond Terms - Source
19th Jul 2010 14:55
(Updates pricing information) LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings will price the GBP200 million, 12-year portion of its planned two-part sterling bond issue at 95 basis points over gilts, and the GBP500 million, 30-year portion at 90 basis points over gilts
Read moreCHINA VIEW: Picking Chinese Financial Stocks
19th Jul 2010 13:05
By Craig Stephen A DOW JONES COLUMN One spin going around on Agricultural Bank of China Ltd.'s (601288.SH, 1288.HK) underwhelming listing last week is that its inferior fundamentals to its peers are not a weakness. It just means more upside as the bank plays catch-up. No need to worry st
Read moreGETTING PERSONAL: HSBC Offshore Account Holders Get DOJ Visits
19th Jul 2010 12:36
(This article was originally published Friday.) By Arden Dale A DOW JONES NEWSWIRES COLUMN Some Americans who put their money in HSBC Holdings PLC (HBC, 0005.HK) accounts offshore can expect the Department of Justice to come knocking on the door--literally. The agency is sending its
Read moreTemasek Sets Guidance On Two-Part Sterling Bond Issue -Source
19th Jul 2010 11:59
LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings has set price guidance on its two-part, sterling-denominated bond issue, a person familiar with the situation said Monday. The 12-year, GBP200 million bond is set to price between 97-100 basis points over gilts, while the
Read moreMARKET TALK: HK Short Sales +14.8% Midday; AgBank Tops List
19th Jul 2010 07:15
0615 GMT [Dow Jones] HK short-selling volume +14.8% at HK$1.663 billion at interval, 7.0% of market total vs 4.3% Friday's half-day, suggests HSI may fall more after 1.0% decline midday. Agricultural Bank of China (1288.HK) leads with HK$131.30 million, then HSBC (0005.HK) with HK$114.10 million, Ch
Read moreSpain's Santander Submits Bid For Poland's BZ WBK - Report
19th Jul 2010 06:39
WARSAW (Dow Jones)--Banco Santander SA (SAN.MC), Spain's largest bank by assets, has also submitted a bid for Poland's Bank Zachodni WBK SA (BZW.WA), a unit of Allied Irish Banks PLC (AIB), the daily Puls Biznesu reported Monday. Originally, Poland's two largest lenders--state-controlled PKO Ba
Read moreMARKET TALK: HK Short Sales Down 10.7% Monday; AgBank Leads
19th Jul 2010 00:44
2344 GMT [Dow Jones] HK short-selling volume down 10.7% at HK$3.336 billion Monday, but percentage of market's total volume higher at 7.6%, vs 6.1% Friday, as bears remain active with HSI's 0.8% fall, suggests near-term sentiment remains uncertain. Agricultural Bank of China (1288.HK) leads with HK$
Read moreHSBC Seeks Partner For Libyan Refinery By End 2010 - Report
17th Jul 2010 09:44
DUBAI (Zawya Dow Jones)--HSBC Holdings PLC plans to bring on board by year-end an international oil company as strategic partner for a new refinery project by Libya's Zwara Oil Refining Co., or Zorco, business weekly Middle East Economic Digest reports in its latest issue published Friday. "We a
Read moreGETTING PERSONAL: HSBC Offshore Account Holders Get DOJ Visits
16th Jul 2010 19:01
By Arden Dale A DOW JONES NEWSWIRES COLUMN Some Americans who put their money in HSBC Holdings PLC (HBC, 0005.HK) accounts offshore can expect the Department of Justice to come knocking on the door--literally. The agency is sending its agents directly to the homes of some account holders
Read moreUK DMO Plans Syndicated Linker For Week Commencing July 26
16th Jul 2010 15:47
LONDON (Dow Jones)--The UK Debt Management Office plans to tap the existing 0.625% 2040 index-linked gilt for a yet-to-be-determined amount during the week commencing July 26, the DMO said Friday. Deutsche Bank AG, Goldman Sachs International, HSBC Holdings PLC and the Royal Bank of Scotland Gro
Read moreMARKET TALK: AgBank Leads HK Short Sales Midday
16th Jul 2010 07:17
0617 GMT [Dow Jones] HK short-selling volume +17.6% at HK$1.449 billion midday, as percentage of market total at 4.3%, tad higher than 4.1% at Thursday's half-day, although such ratio would be higher at 5.7% if Agricultural Bank of China's (1288.HK) volume taken out of total trading volume, but even
Read moreMARKET TALK: BoCom Down 1.1%; May Underperform More S/T
16th Jul 2010 04:00
0300 GMT [Dow Jones] Bank of Communications (3328.HK) down 1.1% at HK$8.41, worst-performing among 7 H-share banks, weighed by concerns glut of new shares from rights issue will depress share price performance in short term. BoCom completes HK portion of US$4.8 billion rights issue, new shares will
Read moreMARKET TALK: BoCom Tipped To Lag Peers Ahead; New Rights Shrs
16th Jul 2010 01:46
0046 GMT [Dow Jones] Bank of Communications (3328.HK) unlikely to react immediately to news it completes HK portion of US$4.8 billion rights issue, but starting next week shares possibly could enter period of underperformance (vs mainland banking peers) as glut of new shares from rights issue will b
Read more