U.K bank Barclays posted a loss in its full-year earnings on Tuesday as it set aside more money for potential fines.» Read More
BEIJING, Oct 24- China's manufacturers saw growth shrink for a 12th successive month in October, but output at a three-month high and the most robust order books since April signal a strengthening recovery, preliminary results of a purchasing managers survey show.
Exporters shed after a rally propelled by a weaker yen over the past week and a half, with automakers Toyota Motor Corp and Honda Motor Co down 1.3 and 1.4 percent respectively, and construction machinery maker Komatsu Ltd slipping 2.1 percent.
TOKYO, Oct 24- U.S. crude futures steadied below $87 a barrel in early Asian trade on Wednesday as investors waited for data on China's economic health, after weak corporate earnings and forecasts pointed to a still distressed global economy.
*HSBC flash China manufacturing PMI due around 0145 GMT. Asian markets will also focus on HSBC's latest report on China's manufacturing sector due around 0145 GMT, with any negative surprise likely to further hurt fragile sentiment. The MSCI index of Asia-Pacific shares outside Japan eased 0.3 percent on Wednesday.
BEIJING-- China's manufacturing improved this month, adding to signs a recovery might be taking shape after a sharp slump in the world's No. 2 economy. A preliminary version of HSBC's monthly purchasing managers' index rose to a three-month high of 49.1 points on a 100- point scale, the bank said Wednesday.
*Wall St selloff, Moody's action hit risk appetite. *HSBC's flash China PMI data, Australia CPI in focus. Traders said the market was likely to stay cautious in the lead up to HSBC's latest report on China's manufacturing sector due around 0145 GMT.
NEW YORK-- Shares of Capital One Financial Corp. rose to a nearly five-year high Friday, as recent big acquisitions helped the bank grow net income 47 percent in the third quarter. THE SPARK: Capital One on Thursday said that it earned $1.17 billion, or $2.01 per share for the three months ended Sept. 30.
Disappointing results from three giants of the Dow _ Microsoft, General Electric and McDonald's _ were to blame. The Dow sank 221 points, or 1.6 percent, to 13,327. The S&P was down 26, or 1.8 percent, at 1,431. The Nasdaq composite index, hammered by a second ugly day for Google, lost 70 points to 3,002, a 2.3 percent decline.
The holding company for First Niagara Bank said Friday that the period ended Sept. 30 was its 11th straight quarter of double-digit growth for its commercial loan book. First Niagara's net income available to common shareholders fell to $50.8 million, or 14 cents per share, from $57 million, or 19 cents per share, in the same period last year.
THE BOTTOM LINE: Capital One Financial's third-quarter net income jumped 47 percent versus the prior-year quarter, as the addition of ING Direct and HSBC's U.S. card business helped drive revenue gains across the lender's businesses. THE NUMBERS: Net income rose to $1.17 billion, or $2.01 per share, for the quarter ended Sept. 30.
LOS ANGELES-- Capital One Financial Corp.' s net income vaulted 47 percent in the third quarter, as the lender's acquisition of online bank ING Direct and HSBC's U.S. credit card business helped boost its loan revenue.
LONDON-- Barclays PLC has set aside another 700 million pounds to compensate customers who bought payment protection insurance which they didn't need. The unscheduled announcement came ahead of the bank's third-quarter earnings report due on Oct. 31.
BANGKOK-- The two Asian nations with the region's best performing stock markets in the past year are unlikely havens for investors: Thailand and the Philippines. The PSE benchmark in the Philippines has soared 29 percent in the last 12 months and Thailand's SET index is up a whopping 33 percent.
By Adam Tempkin and Charles Williams. Moreover, with frequent issuers Hyundai, Honda, Ally, World Omni and Ford already having tapped the market with large deals in recent weeks, issuance is bound to taper off, potentially focusing more on the so-called off-the run and esoteric sectors, as well as smaller auto issuers.
*STMicroelectronics rallies on break-up talk. LONDON, Oct 12- European blue chip shares ended the week in negative territory with weakness in commodity stocks outpacing gains in healthcare and consumer staples.
October 12- Following are terms and conditions. of a bond priced on Friday.
LONDON, Oct 12- Britain's main financial regulator will decide what activities the country's retail banks are able to carry out under a new reform aimed at shielding taxpayers from having to bail out the industry again.
October 12- Following are terms and conditions. of a bond increased on Friday.
HONG KONG, Oct 12- China's state-owned insurer PICC Group is tentatively looking to start pre-marketing its proposed up to $3 billion Hong Kong initial public offering in mid-November, IFR reported on Friday citing sources. PICC is planning to raise as much as $6 billion through a dual listing in Hong Kong and Shanghai, sources previously told Reuters.
*HSBC becomes "overweight" Spanish equities. Alcoa posted a quarterly loss and cut its outlook for global aluminum demand, citing a slowdown in China. "We are not expecting any great surprises from the earnings season, but feel that people are getting too pessimistic on the outlook for corporate earnings," Robert Parkes, equity strategist at HSBC Securities, said.