M&A activity looks to pick up. Debt markets should expand. Clients may stop nagging about fees. What's not to like?» Read More
TOKYO, Nov 28- Asian shares were in a buoyant mood, with Japanese stocks hitting their highest close in nearly six years after the yen fell sharply on relatively positive U.S. economic data, while two major regional currencies slumped.
*China coal lifted by Beijing pledge to support sector. HONG KONG, Nov 28- Hong Kong shares touched their highest in more than 2-1/ 2 years early on Thursday, led by Chinese coal companies after Beijing pledged further support for the sector struggling with overcapacity. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.8 percent.
TOKYO, Nov 28- Asian shares were in a buoyant mood, with Japanese stocks charging towards a 5-1/ 2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data, while two major regional currencies slumped.
TOKYO, Nov 28- Asian shares were in a buoyant mood, with Japanese stocks charging towards a 5-1/ 2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data.
TOKYO, Nov 28- Japanese stocks charged towards a 5-1/ 2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data, while other regional share markets edged modestly higher.
TOKYO, Nov 28- Asian shares held steady early on Thursday, although Japanese stocks look set to head back towards a 5-1/ 2 year peak reached in May after the yen fell sharply on the back of relatively positive U.S. economic data.
*Citigroup accuses Guy Hands of "legal tourism". NEW YORK, Nov 27- British financier Guy Hands is engaging in "legal tourism" by pursuing a U.S. lawsuit accusing Citigroup Inc bankers of defrauding him into overpaying for music company EMI Group Ltd, and his case should be dismissed because it does not belong in the United States, the bank said on Wednesday.
Nov 27- The U.S. Justice Department is probing Morgan Stanley for its hiring practices in China as part of an industry-wide investigation by the government into whether banks' employment of politically connected Chinese breached U.S. bribery laws, according to people familiar with the matter.
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*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.
Hedge fund managers are riding their best stock ideas as long as possible and but overall returns continue to lag.
A report has raised the once-unthinkable possibility that banks could start charging customers for deposits. USA Today reports.
Some of the names on the move ahead of the open.
Happy Wednesday. Gobble gobble.
The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's.
NEW YORK, Nov 26- Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc's water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion.
NEW YORK, Nov 26- Chemicals manufacturer Ashland Inc is in talks with at least eight private equity firms about selling its water technologies unit in a deal that could top $1.5 billion, according to people familiar with the matter.
MEXICO CITY, Nov 26- Mexican lawmakers on Tuesday approved the outline of a bill to boost lending in Latin America's second largest economy, by making it easier for banks to collect on guarantees for bad loans and beefing up regulatory power over financial firms.
Good has been stealing BlackBerry's clients with a simple pitch: Its platform lets employees access the corporate server on their personal device.
U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble.