Total : 4 View more »
* FTSE 100 up 0.2 pct * Gains in banks offsets weakness in miners and energy firms * BA up after it agrees to merger terms with Spain's Iberia By Simon Falush LONDON, Nov 13 (Reuters) - Gains
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLD70690620091113
Records placed in the Dail library on Friday - the day of the Lisbon Treaty vote and 16 days after Mr O'Donoghue promised to reveal them as soon as possible - showed that in addition to his salary, he had claimed more than 200,000 euros in expenses over the past two years. Limousine
HSBC earned more than £650m in fees from work for Textron, US manufacturer of cluster weapons
http://www.guardian.co.uk/business/2009/oct/29/banks-fund-cluster-bomb-trade
A roundup of financial and business news breaking before the opening bell on Wall Street.
Total : 162 View more »
Nov 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
HSBC Bank plc, a wholly-owned subsidiary of HSBC Holdings plc, has agreed the sale of 8 Canada Square, Canary Wharf, London to the National Pension Service of Korea (NPS) for GBP772.5 million in cash. As a result of the transaction, a gain of approximately GBP350 million will be recognized in HSBC's income statement on completion, expected to be before December 31, 2009.
NPS, through a wholly-owned subsidiary, NPS 8CS Holdings Sarl, will purchase HSBC's 100% shareholding in Project Maple II B.V., the sole asset of which is the 998-year leasehold interest in 8 Canada Square. Under the terms of the agreement, HSBC will retain full control of occupancy for the remaining 17.5 years of the existing 20 year leaseback period at a current rent of GBP46 million per annum.
CB Richard Ellis Limited, HSBC Bank plc and Linklaters LLP are acting as advisors to HSBC, and JP Morgan Asset Management and Berwin Leighton Paisner are acting as advisors to NPS on the transaction.
Deal Value (US$ Million) 1279.99 Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-11-13
Deal Participants
Target (Company) Project Maple II B.V. Acquirer (Company) NPS 8CS Holdings Sarl Vendor (Company) HSBC Bank plc
Tags: acquisition bank canada korea london
Companies: HSBC Holdings plc (HBC)
SYDNEY, Nov 16, 2009 (Asia In Focus via COMTEX) --
One of the world's biggest banks, HSBC HOLDING PLC, has merged its global markets and banking operations in Australia, appointing one executive to lead the combined division. HSBC BANK AUSTRALIA appointed Tony Cripps, who has been with the bank since 1986, as head of global banking and markets, according to a statement on Monday.
* The global banking and markets division encompasses sales and trading, debt finance and advisory, institutional wealth management and relationship management of corporate and institutional clients.
* "Our Global Banking and Markets business combines an in-depth understanding of the industries in which our Australian clients operate with international sector and product specialists, putting HSBC in its global entirety to work for each of our clients," HSBC Australia's chief executive Paulo Maia said in the statement.
Tags: australia banking business corporate debt executive finance sales
SHANGHAI, Nov 18, 2009 (SinoCast Daily Business Beat via COMTEX) --
HSBC Bank (China) Co., Ltd., which is wholly owned by Hong Kong and Shanghai Banking Corporation (HSBC), yesterday joined the renminbi financial bonds underwriting group of Bank of Shanghai, becoming the first foreign lender that participates in such business in Mainland China.
Bank of Shanghai, as a top Chinese city commercial lender, aggregately issued renminbi financial bonds worth CNY 5 billion, and the interest rate of its three-year financial bonds valued at CNY 2 billion is fixed at 3.65. Total value of the five-year financial bonds reached CNY 3 billion, and the variable interest was 92 basis points higher than the current one-year time deposit interest rate.
HSBC Bank (China)'s entry into this renminbi financial bonds underwriting field can be regarded a landmark amid the Chinese financial market development, and the foreign bank would like to further build up its presence in such a market with high growth potential.
As one of the profitable foreign lenders in Mainland China, HSBC Bank (China) holds an 8% stake in Bank of Shanghai.
Source: www.hexun.com (November 18, 2009)
Tags: bank banking business china hong kong market renminbi shanghai SinoCast China Business Daily news Mainland China renminbi financial bonds underwriting interest rate market stake
Nov 18, 2009 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Analyst Upgrades for 11/18/2009... Analog Devices (NYSE:ADI) upgraded to Conviction Buy from Buy at Goldman... Arch Coal (NYSE:ACI) initiated as Overweight at HSBC... Aruba Networks (NASDAQ:ARUN) upgraded to Overweight from Equal Weight, $13 target, at Barclays... Becton Dickinson (NYSE:BDX) initiated with an Outperform at Morgan Keegan... DynCorp (NYSE:DYN) upgraded to Outperform from Market Perform, $18-20 target, at Wells Fargo... Fidelity National (NYSE:FIS) upgraded to Outperform from Sector Perform at RBC Capital... First Solar (NASDAQ:FSLR) upgraded to Outperform at RBC... General Electric (NYSE:GE) reiterated Buy at Goldman... Peabody Energy (NYSE:BTU) initiated as Overweight at HSBC... Pulte Homes (NYSE:PHM) upgraded to Buy from Hold, $12 target, at Citigroup... Reynolds American (NYSE:RAI) maintained Buy, raised price target to $62 from $60, at Deutsche Bank... Rockwell Automation (NYSE:ROK) upgraded to Overweight, $53 target, at HSBC... Smith International (NYSE:SII) upgraded to Buy, $35 target, at Citi... Telecom Italia (NYSE:TI) upgraded to Market Perform at Bernstein...
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: coal energy market nasdaq nyse securities telecom
Companies: Analog Devices, Inc. (ADI), Arch Coal, Inc. (ACI), Aruba Networks Inc (ARUN), Becton, Dickinson & Co. (BDX), Dynegy, Inc. (DYN), Fidelity National Information Services Inc (FIS), First Solar Inc (FSLR), General Electric Co. (GE), Peabody Energy Corp. (BTU), Pulte Homes Inc. (PHM), Reynolds American Inc (RAI), Rockwell International Corp. (ROK), Smith International, Inc. (SII), Telecom Italia S.p.A. (TI)
Total : 303 View more »
new york • Boeing and the Government of Qatar signed an agreement yesterday for the purchase of the C-17 Globemaster III airlifter to provide new strategic-airlift mobility capabilities for the Qatar Armed Forces (QAF).
You are now ready to begin formulating a strategy to realize your retirement goals. Start by forming a better understanding of the three retirement income sources available to you.
http://www.us.hsbc.com/1/2/3/personal/other-services/retirement/starting-to-plan/formulating
The Supervisory Board has from its members and on the basis of parity formed a Nominating Committee, members are the Chairman of the Supervisory Board, his deputy and two other members.
http://www.lufthansa-financials.de/servlet/PB/menu/1017321/index.html
Contact these partners and identify yourself as a OnePass member for complete details about the services that can earn you OnePass miles. To receive mileage credit with credit/debit card partners, make sure you provide your OnePass number when signing up for their services.
http://www.continental.com/web/en-US/content/onepass/earn/creditcard.aspx
Total : 3,740,000 View more »
HSBC agrees sale of 8 Canada Square HSBC Bank plc, a wholly owned subsidiary of HSBC Holdings plc, has agreed the sale of 8 Canada Square, Canary Wharf, London to the National ...
Get the latest on HSBC Holdings plc (ADR) including up to date news, high quality discussion groups and more on Google Finance.
HSBC Actuaries & Consultants (HACL), a division of HSBC Holdings Plc, appointed Simon Taylor as head of Corporate Consultancy Service. SANTANDER CORPORATE BANKING
To win business domestically and worldwide, you may be required to provide security that your bid will be honored. Or you may need to provide a performance guarantee or security deposit for your office space.
http://www.us.hsbc.com/1/2/3/business/other/trade-services/export/standby-loc
© HSBC Bank USA, N.A. 2008. All Rights Reserved.About HSBC | Careers | Locations | Security | Contact Us | Related Websites | Terms & Conditions | Site Map | Web Tracking
http://www.us.hsbc.com/1/2/3/business/other/trade-services/export/forfaiting
Beneficial for both importer and exporter, documentary collections offer a cost-effective but secure means of trading internationally. The importer only effects payment in exchange for the documents of title for the goods shipped.
http://www.us.hsbc.com/1/2/3/business/other/trade-services/export/document-collections
If and when you're uncomfortable with the country risk of the buyer, or you're not familiar with the bank issuing the Letter of Credit, HSBC can use its extensive international network and global knowledge to confirm your Export Letter of Credit.
http://www.us.hsbc.com/1/2/3/business/other/trade-services/export/confirmations