The dollar rose against the euro on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar plunged against the greenback.» Read More
Europe's largest financial institutions, which have been readjusting since the onset of the 2008 financial crash and the sovereign debt crisis that followed, are causing pain all over the globe that will have long term implications, according to analysts. They argue that the situation will only worsen without the proposed European banking union.
European shares closed higher on Wednesday after business confidence data was released in Germany showing an increase.
European shares ended mixed Tuesday amid "fiscal cliff" discussions in the U.S., but losses were limited as EU finance ministers met in Brussels to discuss details of a possible banking union.
Oct 11- Following are terms and conditions. of a bond priced on Thursday.
Oct 11-:* CIBC raises Air Canada target price to C $3 from C $1.50. *CIBC raises Canadian Pacific Railway target price to C $83 from C $82. *CIBC cuts Chorus Aviation target price to C $4 from C $4.50.
RIYADH, Oct 10- Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 12.9- percent drop in its third-quarter net profit that missed analysts forecasts, it said in a bourse statement on Wednesday.
NEW YORK, Oct 9- BNP Paribas, making good on its chief executive's promise to expand outside of its troubled European base, has filled a long-vacant senior sales position in its fixed-income business in the United States.
CA's Long- and Short-term IDRs, Support Rating and Support Rating Floor continue to reflect the potential support from France, if required. The Negative Outlook on CA's Long-term IDR reflects that of France's Long-term IDR.
PARIS, Oct 9- France's biggest banks are teaming up with part state-owned insurer CNP to pool their shareholdings in various companies into a fund worth at least 1 billion euros, French daily Le Figaro said on Tuesday.
Oct 8- Credit Agricole SA:. *SocGen raises Credit Agricole price target to 6.1 euros from 5.9. Reuters Station users, click. 1580.
OTTAWA, Oct 5- All but 7 percent of Canada's federally regulated, private defined-benefit pension plans were underfunded at the end of 2011, the government's Office of the Superintendent of Financial Institutions reported on Friday. This has caused some like Air Canada to seek adjustments and concessions.
LONDON, Oct 5- In a startling change of fortune, Spain's BBVA was swamped with USD7.5bn of demand for a USD2bn three-year Yankee bond yesterday, the first time US investors have shown interest in buying Spanish financial risk in more than 17 months.
ATHENS, Oct 5- Two of Greece's biggest banks, National Bank and Eurobank, are in talks over a merger that would create the country's biggest lender, news website To Vima reported on Friday, citing sources.
*Bank of France lent more than 2 bln eur- source. *Bank of France says doesn't comment on liquidity assistance. PARIS, Oct 4- French mortgage bank Credit Immobilier de France was benefiting from emergency Bank of France funding to keep it afloat months before a high-profile government rescue, banking sources told Reuters.
PARIS, Oct 4- French mortgage bank Credit Immobilier de France was benefiting from emergency Bank of France funding to keep it afloat months before a high-profile government rescue, banking sources told Reuters. "The exact number is unclear but it was more than 2 billion euros." The Bank of France said it never comments on details of liquidity assistance.
Oct 4- Canada's main stock index looked set to open higher on Thursday after the European Central Bank left interest rates unchanged at its policy meeting and as upbeat U.S. economic data in the previous session helped alleviate fears of global slowdown.
*TD Securities raises Air Canada price target to C $3 from C $2; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*National Bank Financial raises Air Canada price target to C $1.70. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Air Canada load factor a record 84.9 pct, traffic up. Oct 3- Canada's two largest airlines, Air Canada. The load factor on Air Canada's flights to Australia, the Caribbean, Mexico, Central and South America made the biggest jump, to 82.9 percent from 79.4 percent in the same period last year.
TORONTO, Oct 3- Canada's main stock index ended modestly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. Canadian Natural Resources was the most influential decliner, down 2.9 percent to C $30.28.