MARKET TALK: MS Tips Record Year For Standard Chartered Profit
2nd Aug 2010 08:38
0738 GMT [Dow Jones] STOCK CALL: Morgan Stanley tips FY10 to be another record year for Standard Chartered (2888.HK). Says consumer business starting to deliver more strongly after many years of most growth coming from wholesale business. Notes 1H10 pre-close statement confirmed record income, profi
Read moreUPDATE: India RBI Penalizes Standard Chartered, ICICI Bank INR500,000 Each
30th Jul 2010 15:27
(Adds comment from Standard Chartered spokesperson) By Nupur Acharya Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--India's central bank Friday imposed a penalty of INR500,000 each on ICICI Bank Ltd. (532174.BY) and Standard Chartered PLC (STAN.LN) in separate cases of violation of rules.
Read moreIndia RBI Penalizes Standard Chartered, ICICI Bank INR500,000 Each
30th Jul 2010 15:09
MUMBAI (Dow Jones)--India's central bank Friday imposed a penalty of INR500,000 each on ICICI Bank Ltd. (532174.BY) and Standard Chartered PLC (STAN.LN) in separate cases of violation of rules. ICICI Bank, the country's largest private-sector lender by assets, was fined for not following the kno
Read moreEARNINGS PREVIEW:UK Banks 1H Good On Charges, Hit By Mkt Woes
29th Jul 2010 15:24
By Patricia Kowsmann Of DOW JONES NEWSWIRES TAKING THE PULSE: U.K. banks will likely report higher pretax profit for the first half of the year on lower impairment charges, although investment-banking activities could disappoint following a shaky second quarter, analysts say. "Overall, t
Read moreMARKET TALK: Banks Continue Their Advance; A Change In Trend?
28th Jul 2010 10:59
0959 GMT [Dow Jones] The Stoxx Europe 600 banks index +0.6% at 226.78, having added around 7.5% of gains since the release of the EU-wide stress tests and the relaxation of the Basel III capital requirements. After years of underperformance, and with most investors (apparently) still underweight, a
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
27th Jul 2010 10:05
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] 0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Llo
Read moreMARKET TALK: UK Banks Jump On Basel 3 Watered-Down Rules
27th Jul 2010 10:05
0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Lloyds Banking (LYG) and Barclays (BCS) particularly gaining from new requirements that will see both being able to recognize some minority interest capital as Tier 1 capital. Credi
Read morePRECIOUS METALS: Spot Gold Tad Higher In Range Trade
27th Jul 2010 09:50
By Matthew Walls Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spot gold is slightly higher in Europe Tuesday in narrow range trade, as light physical demand is offsetting falling investor interest. An improvement in sentiment across financial markets has taken some luster from gold, with
Read moreShimao Property Plans Senior Note Issue For New Projects, Debt Repayment
27th Jul 2010 02:25
HONG KONG (Dow Jones)--Mainland China developer Shimao Property Holdings Ltd. (0813.HK) said in a statement Tuesday it plans to issue senior notes to repay existing debt and develop new projects. The developer didn't give any details about the offering, such as its size, but said its completion
Read moreMARKET TALK: Selection Key In Banking Sector - Evolution
26th Jul 2010 08:46
0746 GMT [Dow Jones] The European bank stress tests should have been tougher, says Evolution Securities, and the whole exercise lacks credibility. "We don't see the Tests as a strong positive catalyst for equity investors, although we do expect them to help in the gradual normalisation process of fu
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
26th Jul 2010 08:46
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0746 GMT [Dow Jones] The European bank stress tests should have been tougher, says Evolution Securities, and the whole exerci
Read moreMARKET TALK: UK Banks Up; Stress Tests Provide Comfort -Shore
26th Jul 2010 08:16
0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Scotland (RBS.LN), Lloyds Banking Group (LYG)--passed, as expected, says Shore Capital, with tier 1 ratios comfortably above 6% under the adverse scenario. Takes comfort, in isolat
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:16
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] 0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Sc
Read moreMARKET TALK: HSBC +0.6%; HK$80 As N/T Cap - First Shanghai
26th Jul 2010 05:08
0408 GMT [Dow Jones] HSBC (0005.HK) +0.6% at HK$77.35, adding to 4.0% rise over past 4 sessions, supported by news it passed Europe-wide bank stress test. Linus Yip at First Shanghai says recent gains in HSBC may have partly factored in stress test result. Expects psychological HK$80 as strong cap n
Read moreMARKET TALK: HSBC May Rise; Passes EU Bank Stress Test
26th Jul 2010 01:39
0039 GMT [Dow Jones] HSBC (0005.HK) may rise if tracking its ADRs, which ended +1.0% at equivalent of HK$77.68, vs local close of HK$76.90 (ended +1.3% Friday), after it passed Europe-wide bank stress test. This suggests improvement in its balance sheet, but news slightly optimistic while sharp rall
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