China stocks soared to multi-year highs on Monday while caution over central bank meetings weighed on the rest of Asian indices.» Read More
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.
Once upon a time, the foreign exchange (FX) markets enjoyed a clear framework for trading and were seen as a reflection of the health of global economies. But as central bank programs of quantitative easing have been introduced, currency market trades are not so clear cut, according to analysts at HSBC.
HONG KONG, Oct 3- Swire Properties Ltd's. John Swire& Sons is offering 217 million shares in Swire Properties, which was spun off from Swire Pacific Ltd in January, at a range of HK $22.51- HK $23.23, added IFR, a Thomson Reuters publication.
Oct 03- New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering sharia-compliant services when the country opens up its banking market, Fitch Ratings says.
*China telecoms, AIA outperform, oil plays weak. Hong Kong, Oct 3- Hong Kong shares rose on Wednesday as strength in insurer AIA and telecom stocks helped to offset weakness in oil producers, which fell as crude prices skidded on worries over weak global growth.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, will return to global debt markets after two years on Wednesday with a new five-year sukuk, taking advantage of strong liquidity for regional issues.
HONG KONG, Oct 3- Hong Kong shares rose on Wednesday, led by utilities and property developers, but gains were capped by weakness in energy stocks as oil prices skidded on worries over weak global growth. The Hong Kong market was also catching up to global gains after being closed on Monday and Tuesday for holidays.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, is set to issue a $750 million five-year Islamic bond on Wednesday, a document from the lead arrangers said. Final price guidance for the sukuk tightened to 175-180 basis points over midswaps after substantial demand for the deal, with order books over $6 billion.
*HSBC cuts Fortum Oyj to underweight from overweight. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*HSI flat, H-shares index down 0.1 percent* China telecoms, AIA lead gains in HK* IATA profit forecast lifts Cathay Pacific* ADB cuts China GDP forecast, sees soft landing By Vikram Subhedar.
*FTSE 100 closes up 0.3 percent at 5,825.81 points. *Traders say technical levels favouring FTSE at present. *Intl Airlines Group and ARM top FTSE 100 leaderboard By Sudip Kar-Gupta.
More than a dozen of Europe’s biggest banks face the upheaval and cost of building a ringfence around their trading activities if the findings of the EU-appointed Liikanen review are implemented. The likes of Deutsche Bank, Barclays and BNP Paribas are likely to be the hardest hit. The FT reports.
BEIJING, Oct 3- China's normally robust services sector weakened sharply in September to its lowest point since November 2010, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on Wednesday.
-1100 New Times Energy Corporation Ltd. -1000 Pacific Plywood Holdings Ltd. Function Room 4, 11/ F, L'hotel Nina et Convention Centre.
Oct 2- CHC Helicopter SA on Tuesday added $200 million of first lien senior secured notes to an existing issue, said IFR, a Thomson Reuters service. Morgan Stanley, HSBC, RBC and UBS were the joint bookrunning managers for the sale.
*India is largest source of migrants to Australia. SYDNEY, Oct 3- India's wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.
JERUSALEM-- He has been the poster boy for Israel's powerhouse technology industry and a leading proponent of a great dream _ to end the world's addiction to oil. But on Tuesday, Shai Agassi stepped down as chief executive of Better Place, the Israel- based electric car company he founded with great fanfare five years ago.