UK Business Secretary In Bid To Split Banks - Report
13th Jun 2010 13:29
LONDON (Dow Jones)--U.K. Business Secretary Vince Cable is keen on separating retail from investment banking despite assurances from the Treasury that the prospect of such a split hasn't been concluded yet, the Sunday Telegraph reported. "The coalition agreement is quite explicit ... The purpose
Read moreLondon close: BP recovery lifts Footsie
11th Jun 2010 16:34
Footsie closed in the blue after recovering from an earlier dive on the back of disappointing retail sales in the US. BP was in focus as the oil giant recovered from heavy losses that have come in the wake of the ongoing oil leak in the Gulf of Mexico. BP finished 8% higher, despite the amount of
Read moreFTSE 100 movers: BP recovers despite dividend concerns
11th Jun 2010 16:31
BP is the largest riser in the Footsie, despite rumours that the company is planning to suspend dividend payments. The suggestion is that it will instead put the money in escrow, ready to be released to shareholders once the company knows how much it will have to pay out in relation to the Gulf of
Read moreLondon afternoon: US retail sales data spooks equities
11th Jun 2010 14:40
Footsie's morning gains evaporated over the lunchtime session after much worse than expected US sales figures were released. US retail sales had been expecting to rise 0.3% in May after climbing 0.4% in April but instead of rising they took a step back for the first time since September, falling 1
Read more3rd UPDATE: Standard Chartered In Tepid Indian Debut; Regulations Weigh
11th Jun 2010 12:39
(Adds more background, closing share price.) By John Satish Kumar Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--Standard Chartered PLC (580001.BY) made a tepid stock market debut in India Friday as tax rules and regulations on investing in depositary receipts led to a weak investor respon
Read more2nd UPDATE: Standard Chartered Makes Tepid India Debut
11th Jun 2010 10:31
(Adds Standard Chartered comment.) By John Satish Kumar Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--Standard Chartered PLC (580001.BY) made a tepid stock market debut in India Friday as tax rules and regulations on investing in depositary receipts led to a weak investor response to the
Read moreUPDATE: Standard Chartered Makes Tepid Market Debut In India
11th Jun 2010 06:55
(Adds details, analyst comments, share price.) By John Satish Kumar Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--Standard Chartered PLC (580001.BY) made a tepid stock market debut in India Friday as tax rules and regulations on investing in depositary receipts led to a weak investor resp
Read moreMARKET TALK: Standard Chartered IDR Opens At INR105
11th Jun 2010 05:10
0410 GMT [Dow Jones] NEW LISTING: Standard Chartered PLC (580001.BY) IDR opens trade at INR105 vs INR104 issue price. "That's a fair price. I think we will see a trend where the IDRs will initially trade in the range of a 6%-8% discount to the underlying London stock's price," says Arun Kejriwal, di
Read moreStandard Chartered IDR Opens At INR105 Vs INR104 Issue Price
11th Jun 2010 04:45
MUMBAI (Dow Jones)--Standard Chartered PLC's (STAN.LN) Indian Depository Receipt offering opened almost flat Friday, at INR105 against its issue price of INR104. Volume hit more than 2.3 million shares in the first few minutes of trade. The Asia-focused bank, also listed in London and Hong K
Read moreAgricultural Bank Of China Allots 35% Of IPO To Strategic Investors - Report
11th Jun 2010 01:17
SHANGHAI (Dow Jones)--Agricultural Bank of China Ltd. will allocate 35% of its around US$20 billion initial public offering to cornerstone investors, to reduce pressure on weak stock markets, the China Business News reported Friday, citing unnamed sources. The report said the cornerstone investo
Read more4th UPDATE: UK To Probe Investment Banks' Equity-Raising Fees
10th Jun 2010 15:50
(Adds comment from the Association for Financial Markets in Europe.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading put investment banks in its sights Thursday, saying it will launch an inquiry into how much they charge
Read more3rd UPDATE: UK To Probe Investment Banks' Equity-Raising Fees
10th Jun 2010 15:34
(Adds comment from the Investment Management Association.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading put investment banks in its sights Thursday, saying it will launch an inquiry into how much they charge for equity
Read more2nd UPDATE: OFT Launches Inquiry Into Investment Banks
10th Jun 2010 11:46
(Adds comment from the British Bankers' Association.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading took a sideswipe at investment banks Thursday, saying it will launch an inquiry into how much they charge for equity un
Read moreUPDATE: OFT Launches Inquiry Into Investment Banks
10th Jun 2010 11:03
(Adds background, analyst comment.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading took a sideswipe at investment banks Thursday, saying it will launch an inquiry into how much they charge for equity underwriting and oth
Read moreStandard Chartered To Pursue Organic Growth In Korea - Executive
10th Jun 2010 06:12
SEOUL (Dow Jones)--Standard Chartered PLC (2888.HK) will pursue an organic growth strategy in South Korea, the chief executive of its local unit, Standard Chartered Korea Ltd., said Thursday. "We have invested $5 billion of capital in Korea....We're going to continue to aggressively expand in bu
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