Asian stocks declined on Wednesday following a weak handover from Wall Street and as investors showed little reaction to news of a U.S. budget deal.» Read More
WASHINGTON _ Labor Department releases revised third-quarter productivity data, 8:30 a.m.; Federal Reserve releases industrial production for November, 9:15 a.m..
*Major developed world stocks set to slow- analysts. *Emerging stocks to have better year in 2014. LONDON, Dec 12- This year's rocketing gains for major developed world stock indexes will taper off in 2014, according to a Reuters poll that showed better days ahead for struggling emerging markets.
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.
*Santander to buy 8 pct Bank of Shanghai stake from HSBC. MADRID/ LONDON, Dec 10- Santander, Spain's largest bank, is to buy HSBC's 8 percent stake in Bank of Shanghai, just as many international rivals are beginning to sell out of China.
DUBAI, Dec 10- National Bank of Abu Dhabi will take on more staff to grow its commercial business and tap the "enormous opportunities" created by Dubai's successful 2020 World Expo bid, its CEO said, even as it pursues international expansion.
SINGAPORE, Dec 10- Gold edged up to a near one-week high on Tuesday as the dollar weakened, but trading was subdued as investors turned their attention to a U.S. Spot gold had risen 0.4 percent to $1,245.06 an ounce highest since Dec. 4.
SINGAPORE, Dec 10- Gold was steady on Tuesday after gaining 1.3 percent over the past two days, but trading volumes were thin as investors turned their attention to a U.S.
HONG KONG, Dec 10- China's currency rose to a record high against the U.S. dollar for a second consecutive day on Tuesday after the central bank relaxed its grip on the yuan's movements. Over the last two months, the spread between one-year debt in the Hong Kong and onshore markets has nearly doubled to 340 basis points, according to Thomson Reuters data.
NEW YORK, Dec 9- The trustee seeking money for Bernard Madoff's victims may be unable to pursue some claims against investment firms that fed client funds into the swindler's Ponzi scheme, a Manhattan federal judge said.
CHICAGO, Dec 9- There is a growing consensus that U.S. stocks, as well as stocks around the world, are going to catch a tailwind going into 2014.. The Vanguard Total World Stock Index ETF owns more than 5,000 stocks, but has its top holdings in mega-cap American companies like Apple Inc, Exxon Mobil Corp and Google Inc..
*HSBC considering floating up to 30 pct of UK business- FT. LONDON, Dec 9- HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders. The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm.
LONDON, Dec 9- HSBC Holdings Plc is considering floating up to 30 percent of its British retail and commercial banking arm to help meet UK regulation and unlock value for shareholders, the Financial Times said on Monday. HSBC is Europe's biggest bank with a market value of $200 billion and its UK arm is estimated to be worth about 20 billion pounds.
Dec 9- HSBC Holdings Plc is considering the flotation of up to 30 percent of its British retail and commercial banking arm, the Financial Times reported, a move that would help it cope with planned new rules that demand that British banks ringfence their retail arms.
NEW YORK/ LONDON, Dec 4- The price of gold rose nearly 2 percent for its biggest one-day gain in over a month on Wednesday, as heavy short-covering and new fund buying more than offset concerns the Federal Reserve may soon exit its bullion-boosting asset purchase scheme.
NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.
*Standard Chartered falls as it warns on profits. Standard Chartered was a stand out faller, dropping 6.3 percent in heavy volume as it warned that profit would probably drop this year after Asian growth slowed over the past five months. "We prefer HSBC for its more diversified earnings stream and higher dividend yield."
LONDON, Dec 4- European shares inched down on Wednesday, steadying after the previous session's steep losses, with Asia- focused bank Standard Chartered leading the decliners after it warned its profits will likely fall.
BRUSSELS, Dec 4- EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros on Wednesday for rigging financial benchmarks. The other banks penalised are Societe Generale, JPMorgan and brokerage RP Martin.
LONDON, Dec 4- Global growth was modest and a tepid expansion in the euro zone masked a growing disparity among its key members last month, data showed on Wednesday.
LONDON, Dec 4- Ukraine's debt yields traded around record highs on Wednesday as ministers in Kiev successfully passed protester blockades to reach a cabinet meeting, while broader emerging stocks hit three-week lows on worries about a withdrawal of U.S. stimulus.