AIB Supportive Of HSBC As Possible Buyer Of Polish Unit-Report
6th Jul 2010 08:19
WARSAW (Dow Jones)--Allied Irish Banks PLC (AIB) is supportive of a bid by HSBC Holdings PLC (HBC) to buy its Polish unit Bank Zachodni WBK (BZW.WA) as AIB managers feel they owe HSBC for helping set up a "bad bank," Polish daily Dziennik Gazeta Prawna reports Tuesday without citing sources. HSB
Read moreMARKET TALK: HSBC +0.1%; Europe Outlook Unclear -BoCom Intl
6th Jul 2010 08:08
0708 GMT [Dow Jones] HSBC (0005.HK) +0.1% at HK$71.25, modest rebound after falling 5.5% over past 5 sessions on concerns over European exposure; still lags HSI's 0.5% gain. BoCom International notes about half of HSBC's assets in Europe, only quarter of total assets in Asia Pacific; house keeps sto
Read moreMizuho Corporate Bank To Lead Manage Bond For China Development Bank
6th Jul 2010 07:26
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, the first time for a foreign bank to serve as a principal lead manager for a bond issuance by a Chinese bank. The wholesale bank
Read moreMARKET TALK: HK Short Sales +60.1% Midday; Tencent Leads
6th Jul 2010 07:09
0609 GMT [Dow Jones] HK short-selling volume +60.1% at HK$1.804 billion midday, 8.1% of market total vs 4.9% Monday's half-day, suggests HSI's 0.2% rise midday likely dead cat bounce following its 4.3% fall over past 4 sessions, while more downside expected near-term. Tencent (0700.HK) leads with HK
Read moreMARKET TALK: China Plays Dominate HK Trading; HSI +0.2%
6th Jul 2010 04:44
0344 GMT [Dow Jones] Fact top 3 most heavily traded HK shares so far today being A50 China Tracker (2823.HK), PICC (2328.HK), China Life (2628.HK) suggests HK market's near-term direction largely hinges on A-shares, as A50 tracks A-shares, while 2 China insurers' investment income hinges on A-shares
Read moreHSBC Clients Face Probe Over Singapore, India Accounts -Report
6th Jul 2010 01:25
DOW JONES NEWSWIRES The U.S. Justice Department is investigating HSBC Holdings PLC (HBC) clients who might have failed to inform the Internal Revenue Service about accounts in India or Singapore, Bloomberg News reported Monday, citing three unnamed people familiar with the matter. One clien
Read moreMARKET TALK: HK Short Sales +44.2% Tuesday; Tencent Tops
6th Jul 2010 00:38
2338 GMT [Dow Jones] HK short-selling volume +44.2% at HK$3.855 billion Tuesday, 8.3% of market total vs 6.7% Monday, suggests investors not impressed by HSI's 1.2% rebound yesterday as rise modest vs 4.3% fall over previous 4 sessions. Tencent (0700.HK) leads with HK$336.06 million, then China Life
Read moreUPDATE:BP Oil Spill Loan Inches Up To $9B As More Banks Join-Sources
5th Jul 2010 16:05
(Adds detail, background, comment) By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil company BP PLC's (BP) standby loan has inched up to around $9 billion as more banks join the group of lenders supporting the company against possible claims related to the oil spill in the Gul
Read moreGermany's Phoenix Plans EUR500M 4-Yr High Yield Bond
5th Jul 2010 10:59
LONDON (Dow Jones)--German pharmaceutical distribution company Phoenix Pharmahandel GmbH is planning a EUR500 million, four year high yield bond, with proceeds to be used for repaying debt, a bank working on the deal said Monday. Roadshows for the senior notes will begin in Frankfurt Monday, bef
Read moreMARKET TALK: HK Short Sales Down 49.9% Midday; BoCom Leads
5th Jul 2010 07:35
0635 GMT [Dow Jones] HK short-selling volume down 49.9% at HK$1.127 billion at interval, while percentage of market total lower at 4.9% vs 6.7% Friday's half-day, suggests any further declines in HSI likely limited after index's 0.2% fall midday. Bank of Communications (3328.HK) leads with HK$119.87
Read moreMARKET TALK:HSBC Dn 0.5%;RBS Indian Units Buy Impact Small-JPM
5th Jul 2010 04:39
0339 GMT [Dow Jones] HSBC (0005.HK) down 0.5% at HK$71.35, in line with HSI's 0.5% fall, as news it will buy Indian retail and commercial businesses of Royal Bank of Scotland (RBS) likely taken as neutral. JPMorgan notes transaction is small relative to HSBC (0.08% of total assets) or to Asia ex-HK
Read moreMizuho Corporate Bank To Lead-Manage Bond Issuance In China -Nikkei
4th Jul 2010 18:02
SHANGHAI (Nikkei)--Mizuho Corporate Bank will lead-manage a $400 million bond offering from China Development Bank this month, the first time a foreign bank will serve as a principal underwriter for a bond issuance by a Chinese bank, the Nikkei reported in its July 5 edition. Although the terms
Read moreHSBC Exec Advocates Jail For Defaulting UAE Customers-Report
4th Jul 2010 12:59
DUBAI (Zawya Dow Jones)--HSBC Holdings PLC's (HBC) country head for the United Arab Emirates has advocated jailing defaulting customers in an interview with Dubai-based magazine Arabian Business. Abdulfattah Sharaf told the magazine that detaining individuals with debt problems was an effective
Read moreUPDATE: HSBC To Buy RBS' Indian Retail, Commercial Ops
2nd Jul 2010 11:19
(Adds comment and detail.) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Friday that it will buy the Indian retail and commercial businesses of Royal Bank of Scotland Group PLC (RBS), which, as opposed to its peer, is shrinking its retail pr
Read moreCORRECT: HSBC To Buy RBS' Indian Retail, Commercial Ops
2nd Jul 2010 10:56
("HSBC To Buy RBS' Indian Retail, Commercial Ops For $95M," at 0911 GMT, misstated the acquisition amount in the first paragraph. The correct version follows:) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Friday that it will buy the Indian
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