Hilton raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of its range.» Read More
LONDON, Dec 12- Investors in major gold miners say a return to hedging future production after a slump in gold prices would be a sign of financial weakness in companies and could rob them of the chance to reap the rewards of any price rebound. John Thornton, a former senior executive at Goldman Sachs, said he would seriously consider hedging.
HONG KONG, Dec 12- Hong Kong shares sank to their lowest in almost four weeks on Thursday, with the Chinese property sector hit by worries about China's 2014 growth target and continuing speculation the U.S. The Hang Seng Index ended down 0.5 percent at 23,218.1 points, while the China Enterprises Index shed 1 percent.
Bank of America Corp. fell$. 31 or 2.0 percent, to $15.25. Citigroup Inc. fell $1.03 or 2.0 percent, to $50.71. Goldman Sachs fell $2.13 or 1.3 percent, to $167.60.
Hilton Worldwide raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
WASHINGTON, Dec 11- When U.S. financial regulators finalized the Volcker rule on Tuesday after more than three years of work, the Obama administration claimed a major victory in implementing the sweeping Wall Street overhaul that Congress approved in 2010..
Autohome, controlled by Australian phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range. Telstra, which sees Asia as a growth market, got control of Autohome in 2008, when it bought a majority stake in the company that owned the auto website and two technology retail websites.
Bank of America Corp. fell$. 19 or 1.2 percent, to $15.37. US Bank fell$. 19 or. 5 percent, to $39.23. Wells Fargo fell$. 19 or. 4 percent, to $43.92.
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 $17 per share, above the expected range.
*Majority expect Fed to begin tapering in March. WASHINGTON, Dec 11- U.S. growth is set to accelerate in 2014, giving the Federal Reserve room to start dialing back its massive monetary stimulus, certainly by March, according to a Reuters poll.
Yahoo Japan Corp outperformed the market, soaring as much as 6.6 percent to a 7 1/ 2- year high after JPMorgan started its coverage at' overweigh.' The gains built on a rally over the past two days of more than 10 percent after Goldman Sachs added it to its' conviction buy' list.
*Gree surges to 10- month high on Goldman Sachs upgrade. *Mixi untraded with glut of sell orders. Bucking the weakness, internet gaming firm Gree Inc surged 20 percent and was the most traded stock by turnover and was the biggest percentage gainer after Goldman Sachs upgraded its rating to' neutral' from' sell'.
MEXICO CITY, Dec 10- Mexico's Senate on Tuesday debated a landmark energy overhaul bill at the center of President Enrique Pena Nieto's economic reform drive, after the country's two biggest political parties hammered out a draft presented over the weekend.
WASHINGTON, Dec 10- U.S. banks will no longer be able to make big trading bets with their own money after regulators finalized on Tuesday a rule shutting down what was a hugely profitable business for Wall Street before the credit crisis.
Bank of America Corp. fell$. 02 or. 1 percent, to $15.56. Citigroup Inc. fell$. 37 or. 7 percent, to $51.74. Goldman Sachs rose $2.06 or 1.2 percent, to $169.73.
TOKYO, Dec 11- During the early days of "Abenomics," U.S. businesses were optimistic they could convince Japan's government to make a small change to the nation's tight immigration rules to let more household helpers into the country.
Dec 10- Fourth-quarter capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday. Citigroup, the third-biggest U.S. bank by assets, is expected to report fourth-quarter and full-year results in the middle of January.
WASHINGTON, Dec 10- U.S. regulators toughened key sections of the Volcker rule's crackdown on Wall Street's risky trades on Tuesday as they finalized one of the harshest reforms after the credit meltdown.
WASHINGTON, Dec 10- Wall Street banks will need to prove to regulators that certain trades are done on behalf of clients and are not veiled speculative bets as part of the final Volcker rule that U.S. officials plan to adopt on Tuesday, a senior regulator said.
WASHINGTON, Dec 10- U.S. regulators are set on Tuesday to approve a rule to rein in risky trading by banks, a crucial part of their efforts to reform Wall Street and prevent another costly taxpayer bailout.
Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering.