London 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
Read moreUPDATE: DOJ Seeks Long Jail Term For Onetime Fundraiser
24th Jun 2010 17:31
(Updates with more details from the filing, date of sentencing.) By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Federal prosecutors asked a judge to sentence Hassan Nemazee, a onetime prominent Democratic fund-raiser and New York businessman, to a prison term as long as 19-
Read moreGunvor Increases Loan To $1.03B On Successful Syndication
24th Jun 2010 16:42
LONDON (Dow Jones)--Geneva-based, independent energy company Gunvor International BV said Thursday that it has increased the size of its revolving credit facility to $1.03 billion from $750 million due to oversubscription during syndication. The facility consists of two tranches. Tranche A is av
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