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Societe Generale

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  • Short-end trap adds to peripheral bank funding woes Friday, 12 Oct 2012 | 10:39 AM ET

    LONDON, Oct 12- Peripheral banks unwilling or unable to lengthen their maturity profiles are building up a redemption hump which they will have to face just as billions of euros of cheap ECB money is coming up for repayment.

  • TOKYO, Oct 12- Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.

  • *Softbank shares down as much as 17 pct in Tokyo* Softbank and Sprint have confirmed in talks* Broker warns of "unacceptable" gearing levels.

  • Societe Generale strategists expects a key pan-European index to fall 6.6 percent in the next six months as earnings downgrades and slower-than-expected progress in tackling the euro zone crisis hit sentiment after a rally in the third-quarter.

  • German ship owners call for state bailout Friday, 12 Oct 2012 | 12:41 AM ET

    FRANKFURT, Oct 12- German ship owners have called for a state bailout as the sector continues to struggle with overcapacity, rising fuel costs and hard-pressed banks pulling back from lending to the industry.

  • TOKYO, Oct 12- Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.

  • TABLE-Vietnam banks' assets, registered capital Thursday, 11 Oct 2012 | 11:04 PM ET

    Oct 12- The following table updates the assets and registered capital of banks in Vietnam, based on their latest published reports. Technological& Commercial Bank 12-11 180,531.2* 8,848. Petrolimex Group Bank 06-12 19,581.0 3,000.

  • European stock indexes look cheap compared with corporate credit indexes when removing financials from the benchmarks, sending a bullish signal for stocks, Societe Generale quantitative analysts say in a research note.

  • LONDON, Oct 11- Turkish stocks hit 17- month highs on Thursday, shrugging off an escalating conflict with Syria as data showed an improving current account picture while the Czech crown lost 0.3 percent after comments by the central bank governor.

  • Shares in Tate& Lyle rise 1.7 percent, among the top gainers on the FTSE 100, boosted by Societe Generale's upgrade according to traders, as the broker raises the British sweeteners and starches maker to "buy" from "hold" and ramps up its target price to 805 pence from 650 pence.

  • PARIS, Oct 11- European stocks rallied on Thursday after a drop in U.S. jobless claims while Spain's credit downgrade raised expectations that Madrid would soon request a bailout.

  • Arms maker BAE fights for growth after merger shot down Thursday, 11 Oct 2012 | 12:33 AM ET

    LONDON, Oct 11- Its $45 billion merger plan shot down, BAE Systems must now hunt growth elsewhere if the British arms maker is to find the cash needed to sustain big dividends and avert the possibility of a break-up. CEO Ian King is under pressure to spur the search for new business with a lucrative deal in Saudi Arabia now seen as crucial to bolster the balance sheet.

  • By Samuel Shen and Fayen Wong. SHANGHAI, Oct 11- Two Chinese fund houses have launched funds focused on the domestic commodities futures market as they look to tap into the burgeoning market that regulators have cautiously opened to local financial institutions this year.

  • TEXT-Fitch affirms Societe Generale at 'A+' Wednesday, 10 Oct 2012 | 5:17 PM ET

    Oct 10- Fitch Ratings has affirmed Societe Generale's. The Negative Outlook on SG's Long-term IDR reflects that on France's Long-term IDR. This rating action on SG was taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • European shares hit by weak earnings outlook Wednesday, 10 Oct 2012 | 11:36 AM ET

    LONDON, Oct 10- European shares fell for a third straight session on Wednesday, dragged lower by expectations of weak corporate earnings in the region after a subdued start to the U.S. reporting season. It added to investor concerns after U.S. bellwether aluminium maker Alcoa. cut its demand forecasts and oil major Chevron Corp issued a profit warning.

  • TEXT-Fitch assigns Coface Holding 'A' rating Wednesday, 10 Oct 2012 | 11:03 AM ET

    Coface Holding's ratings reflect those of its wholly-owned major operational entities, and mainly the key entity which is Coface S.A. (Insurer Financial Strength rating:' AA-'/Stable; IDR:' A+' Stable), and whose ratings were affirmed on 03 May 2012.

  • UPDATE 2-Dufry bets on Greek tourism with duty-free deal Wednesday, 10 Oct 2012 | 10:39 AM ET

    *Dufry CEO says has contingency if Greece exits euro. ATHENS, Oct 10- Swiss retailer Dufry is to buy the duty-free operations of Greek rival Folli Follie, a rare vote of confidence in an economy deserted by other foreign companies concerned over its future in the euro.

  • Qatar cash, prospects lure top bankers to local firms Wednesday, 10 Oct 2012 | 10:00 AM ET

    *Qatar banks attract global bankers with pay, security. DUBAI, Oct 10- Qatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich Gulf state builds the talent needed to expand its financial footprint across the region.

  • Commodities drag FTSE lower on growth worries Wednesday, 10 Oct 2012 | 7:23 AM ET

    *FTSE 100 down 0.4 percent. *US metals firm Alcoa starts earnings on downbeat note. *Smith& Nephew falls on earnings worries.

  • October 10- Following are terms and conditions. of a bond increased on Wednesday.