Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.» Read More
*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
LONDON, May 16- Sterling is likely to fall sharply against the dollar in the coming months, as the British economy lags a U.S. recovery and on expectations a new Bank of England chief will push for significant monetary easing. Options traders cite demand for bets sterling will drop to $1.4620 by mid-August, a three-year low, from $1.5250 on Thursday.
LONDON, May 16- The dollar was near a six-week high against the euro and a 4-1/ 2 year peak against the yen on Thursday on prospects for more monetary easing in the euro zone and scaled back asset buying in the United States.
One of Britain's smaller banks, championed by lawmakers as an alternative to institutions like Barclays and Royal Bank of Scotland, is floundering. The New York Times reports.
*Dollar recovers after soft U.S. manufacturing-driven fall. TOKYO, May 16- The dollar held close to a 4-1/ 2 year high against the yen on Thursday, with buying from Japanese importers helping it to recoup some of the losses suffered after disappointing U.S. industrial data, while the euro wobbled near a six-week low.
TOKYO, May 16- The dollar pulled away from a 4-1/ 2 year high against the yen on Thursday after disappointing U.S. industrial data caused Treasury prices to rise for the first time in a week, while the euro wobbled near a six-week low.
TOKYO, May 16- The dollar moved away from a fresh 4-1/ 2 year high against the yen hit in the previous session after disappointing U.S. industrial data caused U.S.
By Lawrence White and Steve Slater. HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.
The banks covered in the report are Goldman Sachs, JPMorgan, Bank of America, Citigroup, Barclays, Credit Suisse, Deutsche Bank, Morgan Stanley, RBS and UBS.
HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe's largest bank seeks to drive earnings and dividend growth in the face of muted revenue.
MOSCOW, May 15- The chief executive of Societe Generale's Russian unit was held in Moscow on Wednesday on suspicion of receiving bribes, dealing a blow to the French bank's hopes of achieving a turnaround on its primary foreign market.
HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.
LONDON, May 14- Central bank intervention, the euro zone crisis and China's rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and U.S. jobs numbers still pack the biggest punch.
Revenue at Europe's largest aerospace group rose 9 percent to 12.4 billion euros, fuelled by a 16 percent rise in Airbus commercial revenues as it reclaimed the top spot in deliveries after falling behind Boeing in 2012..
LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
May 13- Barclays Plc, the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the British bank's activity.
Thousands of private messages sent between users of Bloomberg's financial terminals have leaked online.
NEW YORK-- A Barclays analyst on Monday raised his ratings for American International Group Inc. and The Hartford Financial Services Group Inc., saying that both insurers could boost value for their shareholders by buying back stock at steep discounts.
*Stronger growth eyed for Japan, more euro zone weakness. WASHINGTON, May 13- A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan.
TOKYO, May 13- The yen fell below the 102 level to the dollar on Monday after Tokyo escaped direct criticism of its aggressive monetary easing programme at the Group of Seven meeting over the weekend, greasing the Japanese currency's slide in the short term.