HSBC 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 moreDOJ: 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
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