Banks News Updates
Bank of China Mulls Hong Kong Offering (New York Times)
24 January 2010
Bank of China , planning a 40 billion yuan ($5.9 billion) convertible bond sale on the mainland, told analysts it may raise additional capital by selling new shares in Hong Kong, Bloomberg News reported.
World Bank praises China anti-inflation steps (AFP via Yahoo! News)
24 January 2010
The World Bank said Monday recent moves by China to clamp down on rampant lending were the "best way" to tackle the problem of rising inflation and the threat of asset bubbles.
Shikhar Balwani's This Week in India: Reserve Bank of India could trump earnings (Market Watch)
24 January 2010
The faces of traders on Mumbai’s Dalal Street will wear a look of anxiety as a string of major corporate results and the much-awaited review of the central bank’s monetary policy keep them on tenterhooks this week.
CURRENCIES: Dollar Slips Ahead Of Central Bank Meetings (Fox News)
24 January 2010
CURRENCIES: Dollar Slips Ahead Of Central Bank Meetings...
Bank of China Favors Hong Kong for Selling Shares (Update2) (Bloomberg)
24 January 2010
Jan. 25 (Bloomberg) -- Bank of China Ltd. , planning a 40 billion yuan ($5.9 billion) convertible bond sale on the mainland, told analysts it may raise additional capital by selling new shares in Hong Kong.
China Data May ‘Under-Represent’ Bubble Risks, World Bank Says (Bloomberg)
24 January 2010
Jan. 25 (Bloomberg) -- China’s property-market data may be masking the degree that speculation is driving prices in some of the larger cities, a World Bank economist said.
Currencies: Dollar slips ahead of central bank meetings (Market Watch)
24 January 2010
The U.S. dollar is lower with its next big move likely to be guided by the outcome of this week’s central bank meetings in Japan and the United States.
Qatar- Advisory Council panel for 6% cap on board bonuses - Middle East North Africa Financial Network
24 January 2010
Qatar- Advisory Council panel for 6% cap on board bonusesMiddle East North Africa Financial Network... Dr Khaled bin Mohamed Al Attiyah; and the Governor of Qatar Central Bank, Abdullah Saud Al Thani, before reaching a decision on the contentious issue. ...
Capital goods stocks gain on bargain hunting - BloombergUTV
24 January 2010
Capital goods stocks gain on bargain huntingBloombergUTVThe Reserve Bank of India (RBI) will hold its quarterly monetary policy review on 29 January 2010 and is widely expected to increase the cash reserve ratio ...
French regulator clears RUSAL Paris listing - Reuters UK
24 January 2010
French regulator clears RUSAL Paris listingReuters UKOf this some 40 percent will be bought by Russian state bank VEB and other key investors. The shares are set to begin trading in Hong Kong on Jan. 27. ...
Court OKs Latham Debt Restructuring Plan - Emii.com
24 January 2010
Court OKs Latham Debt Restructuring PlanEmii.com... by its lenders, including Littlejohn & Company. The company has also secured a commitment from Bank of America for a $30 million revolving credit facility.
On the move - Sioux Falls Argus Leader
24 January 2010
On the moveSioux Falls Argus LeaderHe works for Home Federal Bank in Sioux Falls. Linda Thomason has joined The Community Outreach to develop a mentor program for Project Jump Start, ...
Tirupati gold set to be locked safely in PSBs - Economic Times
24 January 2010
Tirupati gold set to be locked safely in PSBsEconomic TimesLast year, the trust placed 500 kilos with Indian Overseas Bank for interest at around 1.6% over a three-year tenure, said a banker. ...
Rupee down for fifth day; share losses weigh - Economic Times
24 January 2010
Rupee down for fifth day; share losses weighEconomic Times"Rupee opened a bit weaker and is likely to hold in a 46.05-46.30 range for the day," said Madhusudan Somani, head of foreign exchange trading at Yes Bank. ...