Gold edged back above $1,200 an ounce but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fueled uncertainty.» Read More
October 04- Following are terms and conditions. of an FRN increased on Thursday.
By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's. Six of Standard Chartered's 16 directors hold executive positions at the bank, including CEO Peter Sands, Finance Director Richard Meddings and Asia Chief Executive Jaspal Bindra.
*HSBC up 1.8 pct, contributes one-third of HSI gain. HONG KONG, Oct 4- Hong Kong shares rose slightly on Thursday as financials, led by index heavyweight HSBC, helped offset weakness in oil producers hurt by lower crude prices and in Macau casino stocks that fell on weak gambling revenue.
HONG KONG, Oct 4- Hong Kong shares held on to slight gains on Thursday as financials led by index heavyweight HSBC helped offset weakness in oil producers, hurt by lower crude prices. *HSBC Holdings advanced 1.8 percent after the bank, Europe's largest lender, said its core tier 1 ratio was above the levels required by the European Banking Authority.
and HSBC, two major banks in the offshore yuan market, have raised yuan deposit rates in Hong Kong, amid increasing competition to attract more yuan funds and maintain market share.
*HSBC cuts Firstgroup PLC to underweight from neutral; target price to 180 P from 235 P. ( (For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*HSI up 0.2 pct, H-shares index up 0.2 pct* HSBC up up 2.2 pct, contributes third of HSI gain* CNOOC down 1.3 pct, top drag as oil prices dip* Lenovo up 0.9 pct, shrugs off HP shares slide By Vikram Subhedar. HONG KONG, Oct 4- Hong Kong shares rose slightly on Thursday as financials, led by index heavyweight HSBC, helped offset weakness in oil producers hurt by lower oil prices.
LONDON, Oct 4- Russia's largest bank Sberbank. Barclays is coordinating Sberbank's three-year loan, which is the largest such deal in the central and eastern European pipeline, the bankers added. Bank of Tokyo-Mitsubishi UFJ, Barclays, Citi, HSBC, ING, JP Morgan, WestLB, Goldman Sachs, Bank of America Merrill Lynch and SMBC participated in the 2011 deal.
DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.
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.
LONDON, Oct 4- The failure of one Britain's big banks would still wreak market havoc and leave taxpayers on the hook as more needs to be done to curb their complexity and risks, the country's top banking supervisor said on Thursday.
*Swire Properties to have public float of 18 percent after sale. HONG KONG, Oct 4- Swire Properties Ltd shares sank up to 4.4 percent after the Hong Kong unit of the developer's parent agreed to sell its direct stake in the group for HK $4.88 billion, helping it towards meeting a regulatory requirement.
FRIDAY, OCTOBER 5++ COMPANY RESULTS++- abc Multiactive Ltd Q3 results. -1500 China Nuclear Industry 23 International Corporation Ltd. 28/ F, Manhattan Place, Kowloon Bay.
BRUSSELS, Oct 3- Britain warned on Wednesday it would be unacceptable for the European Central Bank to have too dominant a role in a new system of supervision designed to watch over the region's banks.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, revealed the details of its initial public offering both in Moscow and London in a deal seen as a test for equity raising by other domestic banks.
DUBAI, Oct 3- Dubai's bourse hit its highest level in five months, while Abu Dhabi's index ended at a fresh 14- month high, as confidence in the reviving local property market boosted real estate stocks.
CAIRO, Oct 3- A trickle of foreign donor aid looks like Egypt's best hope of averting a balance of payments crisis for now because many of the investors who fled the country last year are loath to return until the government seals a loan from the IMF.
*Strong demand for deal; order books over $6 billion. DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, returned to global debt markets after two years with a $750 million Islamic bond sale on Wednesday, tapping into strong liquidity for regional issuers.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
*HSBC raises STC target price to 48 riyals from 44 riyals; rating.