Markit, the financial data company set up by a former trader in his shed, is set to mark its evolution with a share offering in New York this year.» Read More
LONDON, Feb 18- South Africa's Standard Bank, now selling a controlling stake in its markets unit to China's ICBC, is emerging as a frontrunner to buy Deutsche Bank's place in the global gold price-setting process, sources familiar with the matter said. Market sources said Standard Bank, in conjunction with ICBC, is in prime position to buy the Deutsche seat.
*Demand in European Union up for the 5th consecutive month. FRANKFURT, Feb 18- European car sales rose 5.2 percent in January, with increases in previously crisis-hit countries such as Greece, Ireland, Italy and Portugal suggesting a recovery is gaining strength.
*More drugmakers could opt not to launch drugs in Germany. FRANKFURT/ BERLIN, Feb 18- Germany's plan to publish price discounts agreed with drugmakers poses a risk to profits in the industry, which fears the information could be used to drive down prices elsewhere.
*Underlying profit of $7.76 bln v $6.9 bln consensus. MELBOURNE, Feb 18- Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite a cautious outlook on Chinese growth.
LONDON, Feb 17- Financial markets may be more vulnerable to traders' stress levels than previously thought, according to a scientific study which found that high levels of the stress hormone cortisol can induce risk aversion.
*BlackRock, Vanguard, Deutsche Bank, Lyxor lead the way. LONDON, Feb 17- Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such vehicles as they expand their share of assets under management.
WASHINGTON, Feb 16- Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will go up.
Green bonds have taken off over the last year, with more than $10 billion issued in 2013 alone and $25 billion expected in 2014.
LONDON, Feb 14- Foreign exchange benchmarks will be reviewed by the world's top financial regulator, the latest front to be opened in a global probe into allegations of price manipulation in the world's largest financial market.
*Sale comes as Russia's economy slows. MOSCOW, Feb 14- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its planned London market debut, which implies a market valuation of up to $5 billion, the company said on Friday.
MOSCOW, Feb 14- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its initial public offering of between $9.5 and $11.5 per one global depositary receipt, a banking source said on Friday. Lenta said earlier this month it would list its shares in London, potentially raising at least $1 billion.
*Melco Crown buoyed by solid Q4 result. HONG KONG, Feb 14- Hong Kong shares edged up but were off the day's highs by midday on Friday, with the Macau casino, Chinese Internet and healthcare sectors among prominent outperformers.
NEW YORK, Feb 13- Interpreting U.S. economic figures in the last couple of months has taken on a familiar pattern: wonder about possible weakness in demand, and then shrug and dismiss it all as a product of bad weather.
NEW YORK, Feb 13- A U.S. federal judge has chosen the law firm Scott+ Scott LLP to serve as interim lead counsel in a consolidated class action against many of the world's largest banks alleging manipulation of the roughly $5.3 trillion- a-day foreign exchange market.
*Managers seek half of profit from outside Europe in 5 years. ESSEN, Germany Feb 13- German utility RWE's trading subsidiary is seeking to expand in North American and Asian energy and commodities markets because of Europe's slow growth and increased regulation, a senior manager said.
JPMorgan Chase& Co, former top Morgan Stanley banker Paul Taubman and Barclays, which together advised Comcast, would split an estimated $51 million to $68 million in advisory fees if the proposed deal goes through, according to estimates by Freeman& Co LLC.
LONDON, Feb 13- Have the mega-buck years of bond and interest rate trading gone for good, or will normal service resume after an ugly 2013? However, many are already changing, and the likes of Deutsche Bank, Barclays and Morgan Stanley look set to make deeper cuts to their fixed income divisions to deal with weak volumes and tough regulation.
PARIS, Feb 13- BNP Paribas, France's biggest listed bank, has set aside $1.1 billion for a possible fine for breaching U.S. sanctions on countries including Iran, the latest bank to take a hit to profit from a legal investigation.
*Q4 earnings fall 76 pct to 127 mln euros. PARIS, Feb 13- BNP Paribas, France's biggest listed bank, reported a 76 percent drop in quarterly profit on Thursday after booking a $1.1 billion litigation provision in case it faces fines for breach of U.S. sanctions. Credit Suisse and Deutsche Bank have both also announced hefty legal charges recently.
Winter weather probably took a bite out of January's retail sales, while jobless claims data may also be affected.