The bank is one of only four institutions still being pursued by the FHFA, which sued 18 institutions in 2011, the FT reports.» Read More
Oct 8- Axel Springer AG:. *HSBC cuts Axel Springer to underweight from overweight For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
The HSBC services sector Purchasing Managers' Index rose to 54.3 in September from 52.0 in August, rebounding to its highest level since May thanks to an uptick in the new business sub-index to 54.0- also the highest level in four months.
HONG KONG, Oct 8- Data from the HSBC Hong Kong Purchasing Managers' Index for September:. *The latest PMI figure was the lowest in four months and signalled a deterioration in operating conditions in Hong Kong's private sector as output and new orders declined. *Output contracted in September and the index was at its lowest level since November 2011.
HONG KONG, October 8- News and developments in Asia private equity from Reuters News for the week ending October 5.
*WHAT: Singapore monetary policy statement. The Singapore dollar, the world's 12th most-traded currency, has gained around 5.7 percent so far this year, helped by rising foreign investment in Singapore assets that are seen as a safe haven amid the turmoil in global financial markets.
*1130 Standard Chartered Bank Ltd. EGM in Zhaoyuan City, China. TUESDAY, OCTOBER 9++ COMPANY RESULTS++-# Hang Seng Bank Ltd third interim dividend.++ AGM/SGM/EGM++.
DUBAI, Oct 7- Saudi Arabia's Kingdom Holding, the investment vehicle of Prince Alwaleed bin Talal, is planning to raise up to $500 million from a syndicated loan, with the proceeds largely to refinance existing debt, three banking sources said.
LONDON, Oct 4- Norddeutsche Landesbank, one of Germany's largest wholesale banks, is poised to issue a 144 a dollar covered bond as early as next Tuesday, the first offering of its kind since 2006.. German banks have been absent from the 144 a space since November 2006, when Essen Hypo sold a USD1.25bn long five-year that matured in January 2012.
LONDON, Oct 5- CNP Assurances mandated six banks on Friday morning for a dollar Reg S subordinated bond despite news that French insurance company Groupama will skip a coupon payment on a Tier 1 bond on October 22.
October 05- Following are terms and conditions. of a bond increased on Friday.
Oct 05- Fitch Ratings has affirmed Hong Kong- based Hang Seng Bank Limited's Long-Term Issuer Default Rating at' A+' and its Short-term IDR at' F1'. Its stable margins benefit from the bank's treasury activities and its expansion to mainland China. In addition, they are underpinned by support from the bank's ultimate 62% owner, HSBC Holdings plc.
*HSBC raises Whitbread PLC target price to 2560 p from 2000 p; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*HSBC raises easyJet plc target price to 600 p from 550 p; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*WHAT: Singapore monetary policy statement. The Singapore dollar, the world's 12th most actively traded currency, has gained around 5.6 percent so far this year, helped by rising foreign investment in Singapore assets that are seen as a safe haven amid the turmoil in global financial markets.
MANILA, Oct 5- The Philippines' annual inflation rate slowed in September, increasing the scope the central bank has to cut rates to support the domestic economy in the face of gloomy global conditions. The consumer price index rose 3.6 percent in September from a year earlier, slowing from the previous month's 3.8 percent pace.
HONG KONG, Oct 5- Hong Kong shares are expected to rise for a fifth straight session and poised to end a holiday-shortened week with mild gains, although caution ahead of U.S. payrolls data is likely to keep trading activity light.
Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high. *Malaysia cabinet meets and is likely to decide on a proposal to cut crude palm oil export taxes to boost shipments.
FRIDAY, OCTOBER 5++ COMPANY RESULTS++- abc Multiactive Ltd Q3 results. -1500 China Nuclear Industry 23 International Corporation Ltd. 28/ F, Manhattan Place, Kowloon Bay.
The company appointed Anne Donahue to New York market leader for the private client reserve of US Bank. The bank also appointed Lynn Maaske as vice president and wealth management adviser for the private client reserve in St. Paul. The firm added Al Weaver and John Worcester to its advisor force in Massachusetts.
BUFFALO, N.Y.-- First Niagara Financial Group says it's realigning some staffing and will do away with 180 positions as it recruits for 250 others. The bank says it's hired 2,700 people over the past two years, including 1,200 from its recent purchase of 195 HSBC branches in New York and southwestern Connecticut.