BP gains while UK economic headwinds subdue the FTSE July 12, 2010 A JUMP in the share price of BP on hopes that the Gulf of Mexico oil leak will soon be capped outweighed a weakness in miners to push the FTSE 100 share index higher for a fifth session yesterday. The index closed up 34.08 points, or 0.7 per cent, at 5,167.02 having last week gained [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 6, 2010 FINANCIAL TIMES BARCELONA SEEKS LOAN TO HELP PAY PLAYERS Barcelona, the Spanish football giants whose players will make up the bulk of Spain’s team in Wednesday’s World Cup semi-final against Germany, are seeking a €150m loan to help pay player and staff wages. The move was announced by new Barcelona president Sandro Rosell who took [...]
Explore new frontiers July 6, 2010 WITH the attention that has been lavished on China, it has been all too easy to neglect the region’s little dragons such as Vietnam. Investors fled these frontier markets during the financial crisis. In early 2008, Vietnam suffered from a combination of economic overheating and surging international commodity prices. Standard Chartered analysts reckon that the [...]
Explore new frontiers July 6, 2010 WITH the attention that has been lavished on China, it has been all too easy to neglect the region’s little dragons such as Vietnam. Investors fled these frontier markets during the financial crisis. In early 2008, Vietnam suffered from a combination of economic overheating and surging international commodity prices. Standard Chartered analysts reckon that the [...]
StanChart in AgBank IPO June 30, 2010 Standard Chartered is set to invest $500m (£334m) in Agricultural Bank of China’s initial public offering in Hong Kong, becoming one of the institution’s major stakeholders. AgBank hopes to raise more than $20bn in a Hong Kong and Shanghai float, in a listing that is expected to value AgBank at a staggering $150bn. Standard Chartered [...]
StanChart in AgBank IPO June 30, 2010 Standard Chartered is set to invest $500m (£334m) in Agricultural Bank of China’s initial public offering in Hong Kong, becoming one of the institution’s major stakeholders. AgBank hopes to raise more than $20bn in a Hong Kong and Shanghai float, in a listing that is expected to value AgBank at a staggering $150bn. Standard Chartered [...]
Patience is the key to reap the rewards from the Asian tiger June 30, 2010 THE Asian tiger may have lost some of its growl with the US Conference Board cutting its growth forecast for China just two days ago, but Standard Chartered is betting on a revival. This agreement is StanChart’s first significant partnership with a big Chinese lender and brings the UK-based bank into line with global rivals [...]
Accountants back report by regulators June 30, 2010 ACCOUNTANTS say they are willing to consider whether the current audit model needs to evolve to meet changing market needs, following a recent report by the Financial Services Authority (FSA) saying that the profession had not been sceptical enough about the financial firms it audited in the run up to the banking crisis. The City [...]
CITY MOVES | WHO’S SWITCHING JOBS June 30, 2010 CFA Institute The Chartered Financial Analysts Institute has appointed Edward Bace as head of education for the EMEA region. He joins the institute from BPP Business School, where he was professor of finance. He has over 20 years’ experience in international finance, and has worked for Lehman Brothers, Standard & Poor’s and the European Bank [...]
Stan Chart to invest $500m in AgBank listing June 30, 2010 Standard Chartered Bank will invest $500m (£332m) in Agricultural Bank of China’s floatation in Hong Kong, as it tries to strengthen its position in Asia. AgBank’s initial public offering is aiming to raising $23.2bn Standard Chartered chief executive Peter Sands said: “This investment is a natural next step in our long-standing relationship and it underpins [...]