London 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
Read moreGovernment Seeks Long Jail Term For Onetime Fundraiser Nemazee
24th Jun 2010 16:24
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Federal prosecutors have 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 and a half years for his $292 million fraud. Nemazee, who pl
Read moreUPDATE: Ford Unit In EUR474.45M Triple-A German Auto ABS Sale
24th Jun 2010 14:27
(Adds detail, background) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--FCE Bank PLC, a unit of Ford Motor Co.(F), has sold EUR474.45 million of triple-A rated asset-backed securities backed by German auto loans via a private placement, bankers involved in the transaction said
Read moreUPDATE: Mumtalakat's $750M 5-Yr Bond Attracted $3.25B Orders
24th Jun 2010 11:04
(Adds bond disbursement from HSBC.) By Mirna Sleiman Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--Bahrain's Mumtalakat Holding Co., the Gulf Arab state's sovereign wealth fund, attracted orders of $3.25 billion for its $750 million bond, easing pricing. Mumtalakat had originally set
Read moreHSBC Keeps HK Dollar Prime Lending Rate Unchanged At 5.00%
24th Jun 2010 09:00
HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) unit Hongkong & Shanghai Banking Corp. said Thursday it was leaving its best lending rate in Hong Kong unchanged at 5.00%, a level it has maintained since November 2008. The bank also left its savings rates unchanged. The statement followed the U.S.
Read moreMARKET TALK:Expanded CNY Settlement L/T Positive To HK Bks -GS
24th Jun 2010 04:55
0355 GMT [Dow Jones] Goldman Sachs believes PBOC's announcement of making CNY-denominated trade settlement available worldwide is long-term positive for HK and its banking sector. Says this announcement and China's decision to allow more CNY flexibility, to be viewed as China's effort to increasingl
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