CORRECT(6/27): Business Leaders Urge G-20 To Focus On Sustaining Global Economy
28th Jun 2010 17:21
("=Business Leaders Urge G-20 To Focus On Sustaining Global Economy," published Sunday, incorrectly listed Archer Daniels Midland Co.'s Patricia Woertz as an attendee in paragraph 5. The correct version follows:) By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--A h
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreConsortium Closes In On HSBC Train Unit - Sources
28th Jun 2010 15:51
By Jessica Hodgson, Carol Dean and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A consortium consisting of Morgan Stanley's (MS) infrastructure fund, 3i Group's infrastructure fund (3IN.LN) and private equity fund Star Capital is the sole consortium conducting due diligence for
Read moreSector movers: Miners buoyant
28th Jun 2010 15:16
In a buoyant mining sector Kazakhmys has received a fillip from positive comment from Citigroup while FTSE 100 new entrant Essar Energy is wanted after JPMorgan Cazenove initiated coverage with an "overweight" rating. The banking sector is lower though a bullish note from Nomura is boosting Lloyds
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read morePRESS RELEASE: HSBC Study: More U.S. Mid-Sized Companies Bolster Plans to Expand International Revenues
28th Jun 2010 13:34
***Nearly Three-Quarters of U.S. Respondents Plan to Increase Revenue Objectives*** *** Focus Shifts to Growing Sales as Cost-Cutting Slows *** NEW YORK--(BUSINESS WIRE)--June 28, 2010-- The new International Business Survey, released today by HSBC's Commercial Banking division, found that
Read moreLondon Stock Exchange Weighs Listing On Shanghai Exchange
28th Jun 2010 12:45
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London Stock Exchange Group PLC (LSE.LN), which is diversifying and expanding its services beyond Europe, is looking at possibly listing in Shanghai. "We remain open minded on it and we continue to follow developments. I
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreMARKET TALK: Nomura Ups Lloyds; Cuts Barclays, HSBC
28th Jun 2010 08:12
0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from 53p. Says Lloyds is particularly geared to domestic margin expansion owing to the repricing of mortgage asset yields and short-term wholesale funding. Cuts Barclays (BARC.LN) to
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 08:12
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] 0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from
Read moreMARKET TALK: StanChart's Update Strong But Likely Priced In
28th Jun 2010 07:11
0611 GMT [Dow Jones] Standard Chartered's (2888.HK) interim trading update out lunch time mostly continues 1Q10 trends, stock likely won't react much in afternoon; shares +0.7% at HK$205.80 at interval. Emerging markets-focused lender says it had strong performance in 1H10, driven by both consumer b
Read moreMARKET TALK: JPMorgan Keeps HSBC At Overweight; HK$115 Target
28th Jun 2010 05:06
0406 GMT [Dow Jones] STOCK CALL: JPMorgan keeps HSBC (0005.HK) at Overweight with HK$115 target; expects bank's tier 1 ratio to improve 30 basis points to 11.1%, total capital adequacy ratio to also increase 30 basis points to 14.0% following its announcement last week of an issuance of US$3.4 bill
Read moreBusiness Leaders Urge G-20 To Focus On Sustaining Global Economy
27th Jun 2010 18:34
By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--A high-powered group of the corporate leaders urged Group of 20 nations to focus on shaping policies that sustain the global economy rather than respond to populism aimed at punishing business, the Canadian Council of Chief
Read moreIsraeli Gas Firms Secure $430M Loans To Develop Tamar Field
27th Jun 2010 13:10
JERUSALEM (Dow Jones)--Three Israeli oil-exploration companies said Sunday they have secured $430 million in loans to develop the Tamar natural gas field, off Israel's coast. The companies, Delek Drilling Ltd. Partnership (DERD.L.TV), Avner Oil Exploration Ltd. Partnership (AVNR.L.TV) and Dor Al
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