UPDATE: DOJ Investigates HSBC Offshore Accounts - Tax Lawyers
7th Jul 2010 15:56
(Updating to add HSBC reaction and further commentary by lawyers at end of story.) By Arden Dale Of DOW JONES NEWSWIRES The Justice Department has begun a criminal investigation into U.S. taxpayers who may have evaded taxes through HSBC Holdings PLC (HBC) accounts in India and Singapore,
Read moreDOJ In Criminal Probe of HSBC Offshore Accounts - Tax Lawyers
7th Jul 2010 15:15
By Arden Dale Of DOW JONES NEWSWIRES The Justice Department has begun a criminal investigation into U.S. taxpayers who may have evaded taxes through HSBC Holdings PLC (HBC) accounts in India and Singapore, according to tax attorneys close to the matter. The agency is looking into whether
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreThames Water Utilities Plans To Issue Sterling Class B Bonds
7th Jul 2010 10:26
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Limited is planning to issue sterling-denominated, Class B bonds via bookrunners Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley, a bank running the sale said Wednesday. The issue will be launched under the te
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
7th Jul 2010 09:57
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100707/LTN20100707309.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 07, 2010 04:57 ET (08:57 GMT)
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
7th Jul 2010 09:30
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100707/LTN20100707254.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 07, 2010 04:30 ET (08:30 GMT)
Read moreUS HOT STOCKS: Central European Distribution Active In Late Trading
6th Jul 2010 22:10
U.S. stocks closed higher Tuesday as the Dow Jones Industrial Average gained 57 points to 9744, the S&P 500 climbed 5.5 points to 1028 and the Nasdaq Composite rose 2.1 points to 2094. Among the companies whose shares are actively trading in the after-hours session is Central European Distribution C
Read moreADR Report: Shares Make Modest Gains After Rally Loses Steam
6th Jul 2010 21:56
By Jennifer Cummings Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A rally for international companies trading in New York on Tuesday morning lost steam later in the day, but the stocks still managed to close higher, boosted by optimism over global growth. The Bank of New York index moved
Read moreUS HOT STOCKS: Broadwind Energy, BP, Taseko Mines
6th Jul 2010 18:16
U.S. stocks moved higher Tuesday as the Dow Jones Industrial Average gained 65 points to 9751, the S&P 500 climbed 8 points to 1030 and the Nasdaq Composite rose 14 points to 2105. Among the companies whose shares are actively trading in the session are Broadwind Energy Inc. (BWEN), BP PLC (BP) and
Read moreUS HOT STOCKS: Broadwind Energy, BP, Taseko, Cliffs Natural
6th Jul 2010 15:27
U.S. stocks were rising Tuesday with the Dow Jones Industrial Average gaining 1.7% to 9851, the S&P 500 climbing 1.9% to 1042, and the Nasdaq Composite rising 2.1% to 2136. Among the companies whose shares are actively trading in the session are Broadwind Energy Inc. (BWEN, $3.59, +$0.80, +28.67%),
Read moreECB WATCH: Liquidity, Stress Tests In Focus, Rates Seen Stable
6th Jul 2010 15:07
By Nina Koeppen Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--The focus at Thursday's European Central Bank policy meeting will be on President Jean-Claude Trichet's news conference, where he is expected to soothe market concern over bank liquidity and ongoing tests of the soundness of banks
Read moreBridgepoint's Care UK Eyes Bond Market To Refinance LBO Debt
6th Jul 2010 14:50
By Carol Dean and Michael Wilson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Care U.K. is considering taking the high-yield bond route to refinance part of the GBP210 million of senior debt that backed Bridgepoint's buyout of the healthcare company in March this year, said people familiar wit
Read moreHSBC Chairman Green: EU Stress Tests Could Help Confidence
6th Jul 2010 14:32
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) Chairman Stephen Green on Tuesday said he supports the European Union's current stress tests of the region's top 100-plus banks, and that such tests are an important measure to help maintain the stability of
Read moreUPDATE: Mizuho Corporate Bank To Lead Manage Chinese Bank Bond Issue
6th Jul 2010 09:54
(Adds background regarding Japanese banks' business expansion in Asia.) By Atsuko Fukase At DOW JONES NEWSWIRES TOKYO (Dow Jones)--Mizuho Corporate Bank Ltd. said Tuesday it will act as joint managing underwriter for China Development Bank's dollar bond offering later this week, making i
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