Strength in the U.S. dollar continues to weigh on dividend payouts, which fell around the world for a third consecutive quarter between April and June, new data from Henderson Global Investors showed.» Read More
Jim Antos, Bank Analyst, Mizuho says Standard Chartered is not a recovery story, adding that HSBC's stock will continue to outperform.
Here are Wednesday's morning movers.
Asian shares were mixed on Thursday after U.S. President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts was possible in "about a week" if Republicans compromise on taxes.
Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion.
China's economy picked up in November but a broader global recovery remains fragile and patchy, a clutch of surveys suggested, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world.
Despite the European Union budget struggles, this pro sees the euro hitting $1.35 by year end.
The dollar is riding high on worries about the fiscal cliff. Whether it will hang in there is open to debate.
Banking jobs in the City of London, the business and financial center of the U.K., will fall next year and drop even further in 2014, reaching their lowest level since 1993, according to a report by the Centre for Economics and Business Research.
*UK gave him political asylum. LONDON, Nov 6- Mukhtar Ablyazov, a fugitive oligarch accused of embezzling more than $5 billion, was labelled ``devious'' and ``cynical'' by judges on Tuesday as his former Kazakh bank BTA prepared to pounce on his assets.
Christos Bagios, formerly employed by Swiss financial giants UBS AG and Credit Suisse Group AG, changed his earlier plea from not guilty in the U.S. District Court for Southern Florida. A Greek citizen and Swiss resident, Bagios was sentenced by Judge Kenneth Marra to time already served, including 37 days in prison and nearly 19 months under house arrest in Miami.
LONDON, Nov 6- Gold steadied near a nine-week low on Tuesday as investors assessed potential policy impact from the neck-and-neck U.S. presidential election, while a strike in Greece to protest austerity cuts also kept sentiment cautious. Spot gold rose 0.36 percent to $1,690.30 by 1127 GMT, but stayed close to Monday's nine-week low of $1,672.24.
*Europe's big economies see no improvement going into Q4. *Ireland, Italy represent few bright spots. LONDON, Nov 6- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, surveys showed on Tuesday.
*HSBC slides after saying U.S. fine may exceed $1.5 bln. HONG KONG, Nov 6- Hong Kong shares slipped further from 2012 highs as investors took profits in some recent outperformers, with turnover subdued ahead of the U.S. presidential election later on Tuesday.
HONG KONG, Nov 6- Hong Kong shares slipped further from 2012 highs with a second-straight loss on Tuesday, as investors took profits on some recent outperformers ahead of the U.S. presidential election.
HONG KONG, Nov 6- China shares were headed for their worst day since Oct. 26 and weighing on the Hong Kong market, with retail investors worried by a state media report about substantial redemptions of the mainland's exchange-traded funds last week.
NEW YORK, Nov 5- U.S.-listed shares of European companies fell on Monday as mounting provisions at HSBC Holdings. A U.S. fine for violating federal anti-money laundering laws could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges as well, HSBC, Europe's biggest bank, said on Monday.
LONDON, Nov 5- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday.
LONDON, Nov 5- European shares fell on Monday, as mounting provisions at HSBC hit banks while political uncertainty in Greece also impacted sentiment, with investors avoiding taking large, new positions before the U.S. election.
NEW YORK, Nov 5- The expansion in the vast U.S. services sector slowed slightly last month, suggesting growth in the world's largest economy would remain modest, while activity in China's services industry also waned.