Gold steadied struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased.» Read More
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.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
DUBAI, Oct 4- Kuwait's unexpected 50 basis-point interest rate cut will help reduce borrowing costs for businesses but is not going to be enough to kick-start bank lending without a lasting solution to the country's political crisis.
DUBAI, Oct 4- Deals from two major banks this week have reopened the Gulf debt market after an extended summer lull, and highlighted the lower yields that investors in the region are settling for as liquidity continues to far outstrip supply.
Wells Fargo's International Group, named Christopher Lewis as executive vice president and head of global trade services. Most recently, he was head of trade and supply chain for North America at HSBC.
*HSBC to focus Islamic business on Malaysia, Saudi Arabia and Indonesia. *Some job cuts at Amanah unit, rest to be merged into HSBC By David French. DUBAI, Oct 4- HSBC Holdings is to significantly scale back its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.
LONDON, Oct 4- Carlyle Group plans to add 260 million pounds of debt to its UK roadside rescue business RAC to pay itself a dividend, in a move that could encourage other private equity firms to follow suit amid a dearth of buyout deals. Carlyle said on Thursday BNP Paribas and Deutsche Bank were the main coordinators of the loan.
DUBAI, Oct 4- HSBC Holdings is to significantly scale back the presence of its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.
Oct 4- Wells Fargo& Co:. *Prior to joining Wells Fargo lewis was most recently was head of trade and. supply chain for North America at HSBC.
By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's.
DUBAI, Oct 4- Abu Dhabi family-owned conglomerate Al Jaber Group, in talks to restructure at least $1 billion in debt, has proposed to extend repayment by five years, two sources familiar with the company's plans said on Thursday.