DOJ: Swiss Lawyer Indicted For Helping To Hide Swiss Account
15th Jul 2010 23:13
DOW JONES NEWSWIRES The Justice Department on Thursday said a grand jury indicted a Swiss lawyer with conspiring to defraud the U.S. by helping to hide Swiss bank accounts and help organize the shipment of currency into the U.S. If convicted, Felix M. Mathis, an attorney practicing in Zuric
Read moreUK Banks Defend Lending At Treasury Summit Thursday
15th Jul 2010 19:04
By Margot Patrick, Laurence Norman and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bosses of the U.K.'s biggest banks Thursday pushed back against government claims they aren't doing their part to grow the economy by lending more to small businesses, at a meeting held between
Read moreBank Of Communications Completes H-Share Rights Issue In HK
15th Jul 2010 12:44
HONG KONG (Dow Jones)--Bank of Communications Co. (3328.HK), 19%-owned by HSBC Holdings PLC (HBC), said Thursday it has completed the Hong Kong portion of a US$4.8 billion rights issue in both Shanghai and Hong Kong. China's fifth-largest lender by assets said it raised HK$17.78 billion in a rig
Read moreCare UK Sets Yield Guidance On GBP250M 7Y Bond At 9.75% Area
15th Jul 2010 09:15
LONDON (Dow Jones)--Care UK Health and Social Care PLC has set yield guidance on its planned GBP250 million senior secured bonds maturing in 2017 in the area of 9.75%, one of the banks working on the transaction said Thursday. The issuer is the parent company of Care UK Ltd., a provider of healt
Read moreHSBC Vietnam Gets Approval To Open Branches In Danang, Can Tho
15th Jul 2010 03:32
HANOI (Dow Jones)--HSBC Holdings PLC (HBC) looks set to expand further in Vietnam after its wholly-owned local bank got official approval to open two more branches outside the country's two main cities. The State Bank of Vietnam said Thursday it has given the go ahead to HSBC Bank (Vietnam) Ltd.
Read moreMARKET TALK: HK Short Sales +12.8% Thursday; Cnooc Tops
15th Jul 2010 00:30
2330 GMT [Dow Jones] HK short-selling volume +12.8% at HK$3.565 billion yesterday, as percentage of market total at 6.4% vs Wednesday's 5.8%, indicating some bears stepping up bets amid HSI's 1.5% slide yesterday on below-view China GDP, Agricultural Bank of China's (1288.HK) weak Shanghai debut. Cn
Read moreDOJ Sends More Letters In HSBC Offshore Accounts Probe -Attorneys
15th Jul 2010 00:08
By Arden Dale Of DOW JONES NEWSWIRES The Justice Department is pressing forward in its investigation into U.S. taxpayers who may have evaded taxes through HSBC Holdings PLC (HBC, HSBA.LN, 0005.HK) accounts in India and Singapore, according to tax attorneys close to the matter. The agenc
Read moreMARKET TALK: HK Short Sales +11.8% Midday; Tencent Leads
14th Jul 2010 07:29
0629 GMT [Dow Jones] HK short-selling volume +11.8% at HK$1.282 billion midday, but as percentage of market total tad lower at 4.2% vs 4.3% at Tuesday's half-day, suggesting bears remain deterred by recent market strength, with HSI rising for 4th session out of 5. Tencent (0700.HK) leads with HK$112
Read moreMARKET TALK:Most HK Blue Chips Up Pre-Mkt; HSI 250-Day MA Eyed
14th Jul 2010 02:45
0145 GMT [Dow Jones] HK blue chips broadly higher at pre-open, bolstered by gains in U.S. stocks. Those indicated to rise at least 2% include HSBC (0005.HK), MTRC (0066.HK), Sinopec (0386.HK), Li & Fung (0494.HK), PetroChina (0857.HK), Cnooc (0883.HK). Citic Pacific (0267.HK) quoted 1.5% higher to H
Read moreADR REPORT: Shares Climb On Strong Start To Earnings Season
13th Jul 2010 21:28
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended broadly higher Tuesday after better-than-expected earnings from early bellwethers boosted sentiment. Upbeat quarterly results from aluminium giant Alcoa Inc. (AA) and railroad o
Read moreMexico's Pemex Launches $2B 2021 Bond At 250 Basis Points Over Tsys
13th Jul 2010 19:37
NEW YORK (Dow Jones)--Mexico's state-owned oil company Petroleos Mexicanos (PEM.YY), or Pemex, launched $2 billion of 10.5-year bonds Tuesday at 250 basis points over Treasurys, according to a person close to the deal. The bookrunners are Deutsche Bank (DB), HSBC (HBC)and Goldman Sachs (GS).
Read moreCambridge Place Sues Major Banks Over $1.2B Subprime Losses
13th Jul 2010 15:39
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Cambridge Place Investment Management, the London- and Massachusetts-based hedge fund group that lost billions of dollars of assets from the financial crisis, is suing dozens of investment banks and brokers for the alleged missell
Read moreThames Water Prices GBP550M Of Class B Bonds At Gilts +2.85
13th Jul 2010 13:39
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Limited has priced GBP550 million of class B, subordinated, secured bonds via lead managers Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley, one of the banks leading the deal said Tuesday. Terms are as follows
Read moreMARKET TALK: WestLB Upgrade HSBC To Neutral From Reduce
13th Jul 2010 12:03
1103 GMT [Dow Jones] WestLB upgrades HSBC (HSBA.LN) to neutral from reduce, saying its concerns that the withdrawal of economic stimulus in the US would be too rapid, have now diminished somewhat. WestLB says the economic recovery in the US remains fragile and although it forecasts loan loss provisi
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 12:03
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] 1103 GMT [Dow Jones] WestLB upgrades HSBC (HSBA.LN) to neutral from reduce, saying its concerns that the withdrawal of eco
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