Nordea Bank Plans Three-Year Euro Benchmark Floating Rate Note
9th Jun 2010 10:49
LONDON (Dow Jones)--Sweden's Nordea Bank AB (NDA.SK) is planning a euro-denominated, three-year floating rate note, one of the banks working on the deal said Wednesday. Initial price guidance has been set at 75 basis points over euribor. Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdin
Read moreAareal Bank Plans EUR500M 2013 Covered Bond
9th Jun 2010 09:20
LONDON (Dow Jones)--Aareal Bank (ARL.XE) of Germany is planning to issue a 2013-dated EUR500 million covered bond, one of the banks working on the deal said Wednesday. Barclays PLC, DZ Bank, HSBC Holdings PLC, Landesbank Baden-Wuerttemberg and UniCredit SpA have been hired as joint-lead managers
Read moreUPDATE: HSBC Aims To Raise 'Significant Amount' From China IPO
9th Jun 2010 06:14
(Adds more comments from HSBC executives on network expansion and securities partnership.) SHANGHAI (Dow Jones)--HSBC Holdings PLC (HBC) said Wednesday it expects to raise "a significant amount" of funds from its planned listing in Shanghai to facilitate its expansion in China, where the U.K.-b
Read moreHSBC CEO: Planned Shanghai Listing To Raise 'Significant Amount'
9th Jun 2010 03:42
SHANGHAI (Dow Jones)--HSBC Holdings PLC (HBC) expects to raise "a significant amount" of funds from its planned listing on the Shanghai Stock Exchange, Chief Executive Michael Geoghegan said Wednesday. Geoghegan didn't specify the fund-raising target, but told reporters at the launch of the bank
Read moreMARKET TALK: HSI +0.1%; Market Shows Signs Of Bottoming - TF
9th Jun 2010 03:24
0224 GMT [Dow Jones] HSI +0.1% at 19,506.30, with gains in some China plays (Shanghai Composite last +0.4%) offsetting losses of companies with European exposure, such as HSBC (0005.HK), down 0.2% at HK$71.25, Esprit (0330.HK), down 0.7% at HK$42.00. Taifook notes, local market has shown signs of bo
Read moreHSBC Executive: Looking For Securities JV Partner In China
9th Jun 2010 03:14
SHANGHAI (Dow Jones)--HSBC Holdings PLC (HBC) is still searching for a partner to form an investment banking joint venture in China, HSBC Asia-Pacific Chief Executive Peter Wong said Wednesday. HSBC remains interested in having an investment banking joint venture in China, Wong told reporters at
Read moreEurohypo Prices EUR1B 2015 2.25% Covered Bond At 99.492
8th Jun 2010 14:28
LONDON (Dow Jones)--German real-estate and public-finance bank Eurohypo AG (EHY.XE) has priced its EUR1 billion, five-year, covered bond at 30 basis points over midswaps, one of the banks running the deal said Tuesday. BNP Paribas SA, Commerzbank AG, Deutsche Bank AG, HSBC Holdings PLC and UBS I
Read moreEurohypo 5-Year Covered Bond Guidance At Swaps +0.30 Area
8th Jun 2010 07:56
LONDON (Dow Jones)--German real-estate and public-finance bank Eurohypo AG (EHY.XE) will open order books on its planned five-year, benchmark covered bond Tuesday and has set price guidance in the area of 30 basis points over mid-swaps, one of the banks running the deal said Tuesday. BNP Paribas
Read moreMARKET TALK: HK Short Sales Down 28.0% Tuesday; Tencent Tops
8th Jun 2010 00:38
2338 GMT [Dow Jones] HK short-selling volume down 28.0% at HK$3.946 billion Tuesday, 9.0% of market total, slightly lower vs 10.4% Monday, suggests bears slightly deterred by HSI's 0.6% rise; but any further upside in HSI near-term likely capped as ratio of short sales remains relatively high. Tence
Read moreSunday newspaper round-up: BA, Prudential, HSBC
23rd May 2010 10:59
Talks aimed at averting a series of strikes by British Airways cabin crew were abandoned on Saturday after scores of demonstrators stormed the building where the meeting was being held. Police were called to the headquarters of the conciliation service Acas after members of the Socialist Workers P
Read moreLondon close: Late rally limits losses
21st May 2010 16:32
It was a volatile day on the markets, but Footsie rallied back above 5,000 points before the close, having sunk below that level earlier in the afternoon, and finished only slightly in the red. European worries are continuing to set traders' nerves on edge. Germany's parliament approved the country
Read moreLondon afternoon: Footsie sinks below 5,000
21st May 2010 14:24
The FTSE 100 has plunged below 5,000 for the first time in over six months as markets continue to fret about Europe's sovereign debt crisis and potential financial regulation. London's leading index sank below the big figure just after midday. It hasn't been this low since early November and hasn't
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreLondon midday: BT leads market higher
13th May 2010 12:07
London's top stocks are making good gains helped by BT's full-year numbers and a decent showing from the miners. BT is the strongest riser on news that telecoms giant returned to the black in the last quarter and the full year and reported a 6% rise in the dividend. Pre-tax profit hit £1.01bn in th
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