MARKET TALK: HK Short Sales +27.6% Friday; HSBC Leads
27th Jun 2010 00:27
2327 GMT [Dow Jones] HK short-selling volume +27.6% at HK$3.454 billion Friday, as percentage of market total at 6.7% vs Thursday's 5.7%, suggesting some bears stepping up bets amid HSI's 4-day consolidation (range less than 400 points). HSBC (0005.HK) topped list with HK$265.35 million, followed by
Read moreBoCom: Eyeing M&A, New Branches In Overseas Expansion
26th Jun 2010 10:42
SHANGHAI (Dow Jones)--Bank of Communications Co. (601328.SH, 3328.HK), 19%-owned by HSBC Holdings PLC (HBC), will expand its overseas operations by looking for opportunities to buy other financial institutions as well as setting up new branches, bank President Niu Ximing said Saturday. "We shoul
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read morePRESS RELEASE: S&P Withdraws Rtg On STARTS (Ireland) Series 2006-14 CDO Nts
25th Jun 2010 16:03
The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) June 25, 2010--Standard & Poor's Ratings Services today withdrew its 'AAAp' credit rating on STARTS (Ireland) PLC's EUR10 million principal protected credit-linked series 2006-14 notes. The withdrawal follows HSBC
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreUPDATE: BAT Sets Guidance On 2-Part Euro, Sterling Bond Issue
25th Jun 2010 13:44
(Adds comment, background) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco (BATS.LN) has set price guidance on its two-part, euro- and sterling-denominated bond issue, one of the banks running the sale said Friday. The EUR600 million, 10-year bond
Read moreBAT Sets Prices Guidance On 2-Part Euro, Sterling Bond Issue
25th Jun 2010 12:21
LONDON (Dow Jones)--British American Tobacco (BATS.LN) has set price guidance on its two-part, euro- and sterling-denominated bond issue, one of the lead managing banks of the deal said Friday. The EUR600 million, 10-year bond is to price at 115 basis points over midswaps, while the GBP275 milli
Read moreLondon midday: Stormy weather for BP
25th Jun 2010 12:01
Mining stocks and BP have combined to spoil what was a firm start by London's blue-chip stocks, with even the weather now appearing to have it in for the beleaguered UK oil giant. Mining stocks such as ENRC, Lonmin and Kazkhmys suffer chunky falls but these are dwarfed by BP shares, which are havin
Read moreMARKET TALK: Basel Adjustments Particularly Good For UK Banks
25th Jun 2010 10:51
0951 GMT [Dow Jones] Reports of adjustments to Basel III proposals would be particularly positive for UK banks, says Deutsche Bank. Notes reports that the Bank for International Settlements could be dropping its proposals for the net stable funding ratio at the G20 meeting, and that pension deficit
Read moreMARKET TALK: UK Bank Stocks Rise; Basel III In Focus
25th Jun 2010 09:16
0816 GMT [Dow Jones] Bank stocks lead the gains in London as speculation rises that the Basel Committee will present a modified version of Basel III at the G20 meeting, this weekend. Traders note reports that the document is likely to present watered down proposals. Commenting on the speculation, E
Read moreLondon open: Healthy start for blue chips
25th Jun 2010 08:56
London has shrugged off Dow Jones' triple-digit fall overnight and made decent headway this morning. Banks are higher after a jam-packed financial stability report from the Bank of England that covered everything from savings ratios to the threat of the eurozone. The market sems to have focused on
Read moreMARKET TALK: HK Short Sales +22.0% Midday; HSBC Tops List
25th Jun 2010 07:13
0613 GMT [Dow Jones] HK short-selling volume +22.0% at HK$1.479 billion at interval, 5.1% of market total, vs 4.5% Thursday's half-day, suggests consolidation may extend further after HSI's 0.6% fall midday. HSBC (0005.HK) leads with HK$129.84 million, then China Construction Bank (0939.HK) with HK$
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
25th Jun 2010 02:01
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100625/LTN20100625037.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires June 24, 2010 21:01 ET (01:01 GMT)
Read moreUPDATE:Santander To Buy $3.2B Citi Auto-Loan Portfolio
25th Jun 2010 01:06
(Adds background, calls to companies for terms not immediately returned) DOW JONES NEWSWIRES Banco Santander SA (STD, SAN.MC) and Citigroup Inc. (C) agreed to a deal Thursday under which the Spanish bank will buy a $3.2 billion automobile-loan portfolio from Citi and service another one wor
Read moreKraft Focuses On Trade Buyers For Polish Wedel - Sources
24th Jun 2010 17:40
By Marietta Cauchi and Marynia Kruk Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Kraft Foods Inc. (KFT) is focusing on trade buyers for its Polish business, E. Wedel, squeezing out buyout firms that remained in the process, people familiar with the situation said Thursday. U.S. confectione
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