Documents have been demanded from Deutsche Bank as part of an investigation into manipulation of commodity prices. The FT reports.» Read More
HONG KONG, Dec 13- China's yuan edged down slightly against the dollar on Friday but was on track for a third week of solid gains, indicating renewed demand for the Chinese currency despite a weaker fixing by the central bank. The People's Bank of China fixed the midpoint at 6.1148, down 0.05 percent from the previous day's 6.1115.
Other share markets in Asia took their lead from a soft finish on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2 percent in early trade, while Korea's KOSPI dipped 0.5 percent.
*Gold slumps to lowest since late June. SYDNEY, Dec 13- Asian markets are likely to stay under pressure on Friday as investors fret over the outlook for U.S. policy stimulus, though Japanese stocks could draw comfort from a reversal in the yen against the dollar.
Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose more than 9 percent in afteroon trading during their New York Stock Exchange debut on Thursday. The stock climbed as high as $21.92 after Blackstone Group LP raised more than $2.3 billion in the year's second-biggest IPO.
*Market pricing in less than 15 pct risk of senior bail-in. *Contagion effects hugely underestimated- analysts. LONDON, Dec 12- European Union plans to force bond investors take their share of losses in failing banks by 2016 could risk undermining appetite for bank debt and make it more difficult for weaker lenders to fund themselves, credit market experts said.
Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose 7 percent in their New York Stock Exchange debut on Thursday. The shares opened at $21.30 after Blackstone Group LP raised more than $2.3 billion in the year's second-biggest IPO. Deutsche Bank AG, Goldman Sachs, Bank of America and Morgan Stanley led the IPO.
Hilton raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of its range.
Hilton Worldwide raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
Autohome, controlled by Australian phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range. Telstra, which sees Asia as a growth market, got control of Autohome in 2008, when it bought a majority stake in the company that owned the auto website and two technology retail websites.
Dec 11- Shares of Autohome Inc, an owner of Chinese auto websites, rose as much as 83 percent in their U.S. market debut, valuing the company at about $3.2 billion. Autohome, controlled by Australia's largest phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range.
LONDON, Dec 11- Cajoled by developed world governments and shocked by disasters such as the Bangladesh factory fire, investors in emerging market companies are looking more closely at environmental, social or governance issues before they buy.
Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.
*China industrial output, retail sales, urban investment awaited. *China shippers rally on "special funds" for buying, scrapping vessels. *Coal sinks, environmental companies rise on China pollution.
There is a very powerful growth impulse coming from China's export sector that could boost its economy over the coming quarters, say economists.
*Asian markets look well placed in wake of Wall St gains. SYDNEY, Dec 9- Asian markets were poised to move higher on Monday, energised by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street.
Bob Diamond is making a dramatic return to banking, launching a vehicle with Africa's youngest billionaire. The Financial Times reports.
BERLIN, Dec 7- European Central Bank board member Joerg Asmussen has backed German Finance Minister Wolfgang Schaeuble's call for governments to keep scrutinising the banking sector despite complaints that they have already gone far enough.
The S&P continues to soar, but a Nobel warns of a bubble and 'the smartest guys in the room' get plenty wrong: This week's market winners and losers.
LONDON, Dec 6- Four months after branding Anglo American's performance "unacceptably poor", Chief Executive Mark Cutifani is to tell investors on Thursday how he plans to improve the miner's operations and hit ambitious 2016 performance targets.
Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.