Markets News
Articles 51 - 60 of most recent articles
Nomura Securities to improve training, screen staff: report
HONG KONG (MarketWatch) -- Nomura Securities Co., the securities unit of Nomura Holdings Inc. , will place more emphasis upon ethical standards when hiring new staff, strengthen training, and make other improvements to its information systems, as part of improvements to its business practices in the wake of an insider-trading scandal in April. Nomura Securities will submit the plan today, almost a week ahead of Thursday's deadline set by the financial regulator, the Financial Services Agency, the Nikkei newspaper reported Friday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 07:47 AM [GMT] ¦ comment?
HONG KONG (MarketWatch) -- Nomura Securities Co., the securities unit of Nomura Holdings Inc. , will place more emphasis upon ethical standards when hiring new staff, strengthen training, and make other improvements to its information systems, as part of improvements to its business practices in the wake of an insider-trading scandal in April. Nomura Securities will submit the plan today, almost a week ahead of Thursday's deadline set by the financial regulator, the Financial Services Agency, the Nikkei newspaper reported Friday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 07:47 AM [GMT] ¦ comment?
European shares in tight range, banks extend gains
LONDON (MarketWatch) -- European shares held in a tight range on Friday with trading likely to be subdued with the U.S. closed for a holiday. Still, banks extended the previous session's gains after UBS unveiled a better-than-expected likely second-quarter result and said it won't need to raise new capital. UBS shares jumped 7% in Swiss trading. The U.K. FTSE 100 index fell 0.4% to 5,457.00, the German DAX 30 index traded flat at 6,355.00 and the French CAC-40 index inched down 0.2% at 4,337.08.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 07:08 AM [GMT] ¦ comment?
LONDON (MarketWatch) -- European shares held in a tight range on Friday with trading likely to be subdued with the U.S. closed for a holiday. Still, banks extended the previous session's gains after UBS unveiled a better-than-expected likely second-quarter result and said it won't need to raise new capital. UBS shares jumped 7% in Swiss trading. The U.K. FTSE 100 index fell 0.4% to 5,457.00, the German DAX 30 index traded flat at 6,355.00 and the French CAC-40 index inched down 0.2% at 4,337.08.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 07:08 AM [GMT] ¦ comment?
India's inflation surges 11.63% on-year
HONG KONG (MarketWatch) -- India's inflation reportedly soared to 11.63% in the week to June 21 from the same period a year-ago, strengthening chances of more policy measures by the country's central bank to control prices. The wholesale price index-based inflation measure stood at 11.42% in the preceding week. The latest WPI reading is more than double the Reserve Bank of India's stated comfort level of 5.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:51 AM [GMT] ¦ comment?
HONG KONG (MarketWatch) -- India's inflation reportedly soared to 11.63% in the week to June 21 from the same period a year-ago, strengthening chances of more policy measures by the country's central bank to control prices. The wholesale price index-based inflation measure stood at 11.42% in the preceding week. The latest WPI reading is more than double the Reserve Bank of India's stated comfort level of 5.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:51 AM [GMT] ¦ comment?
Origin Prods BG To Raise Offer
Australian power retailer recommends shareholders reject bid, saying it undervalues coal-seam gas assets.
Forbes.com – Jul 4, 2008 06:50 AM [GMT] ¦ comment?
Australian power retailer recommends shareholders reject bid, saying it undervalues coal-seam gas assets.
Forbes.com – Jul 4, 2008 06:50 AM [GMT] ¦ comment?
J.P. Morgan reportedly to complete European jobs cuts in Q3
LONDON (MarketWatch) -- J.P. Morgan is expected to cut up to 10% of its European investment banking staff by the end of the third quarter, the Financial Times reported on Friday. Staff reductions have been taking place in mergers and acquisitions and equity and debt capital markets businesses, especially at vice-president level, the paper reported, citing people familiar with the process. The jobs cuts started several months ago, the paper said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:39 AM [GMT] ¦ comment?
LONDON (MarketWatch) -- J.P. Morgan is expected to cut up to 10% of its European investment banking staff by the end of the third quarter, the Financial Times reported on Friday. Staff reductions have been taking place in mergers and acquisitions and equity and debt capital markets businesses, especially at vice-president level, the paper reported, citing people familiar with the process. The jobs cuts started several months ago, the paper said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:39 AM [GMT] ¦ comment?
Bradford & Bingley to enlarge rights issue as TPG withdraws
LONDON (MarketWatch) -- Stricken U.K. mortgage bank Bradford & Bingley said late Thursday that private equity group TPG Capital has withdrawn from a deal to inject cash, but that major shareholders will still back a 400 million pound ($793 million) capital raising. The bank said TPG withdrew after rating agency Moody's downgraded the group's long-term debt ratings to Baa1 from A3. The private equity firm had been planning to inject 179 million pounds in return for a 23% stake, with a rights issue bringing the total cash injection to 400 million pounds. But Bradford & Bingley said the cash shortfall will be covered through an enlarged rights issue, which is supported by a number of its largest shareholders, including M&G Investment Managers, Legal & General Investment Management and Standard Life. The price of the rights issue will be unchanged at 55 pence a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:16 AM [GMT] ¦ comment?
LONDON (MarketWatch) -- Stricken U.K. mortgage bank Bradford & Bingley said late Thursday that private equity group TPG Capital has withdrawn from a deal to inject cash, but that major shareholders will still back a 400 million pound ($793 million) capital raising. The bank said TPG withdrew after rating agency Moody's downgraded the group's long-term debt ratings to Baa1 from A3. The private equity firm had been planning to inject 179 million pounds in return for a 23% stake, with a rights issue bringing the total cash injection to 400 million pounds. But Bradford & Bingley said the cash shortfall will be covered through an enlarged rights issue, which is supported by a number of its largest shareholders, including M&G Investment Managers, Legal & General Investment Management and Standard Life. The price of the rights issue will be unchanged at 55 pence a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:16 AM [GMT] ¦ comment?
UBS sees Q2 result around break-even, no need for new equity
LONDON (MarketWatch) -- Swiss investment bank UBS said Friday that second-quarter results to be released on Aug. 12 are likely to be at or slightly below break-even. At the end of the quarter, UBS expects its Tier 1 capital ratio to be approximately 11.5% and has no need to raise new equity. UBS said that positive contributions from global wealth management and business banking and from global asset management were offset by a loss in its investment bank operations. Further market deterioration led to writedowns and losses on previously disclosed risk positions, in particular credit valuation adjustments on monoline insurance exposures. Group net new money was negative for the period, UBS added.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:16 AM [GMT] ¦ comment?
LONDON (MarketWatch) -- Swiss investment bank UBS said Friday that second-quarter results to be released on Aug. 12 are likely to be at or slightly below break-even. At the end of the quarter, UBS expects its Tier 1 capital ratio to be approximately 11.5% and has no need to raise new equity. UBS said that positive contributions from global wealth management and business banking and from global asset management were offset by a loss in its investment bank operations. Further market deterioration led to writedowns and losses on previously disclosed risk positions, in particular credit valuation adjustments on monoline insurance exposures. Group net new money was negative for the period, UBS added.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 4, 2008 06:16 AM [GMT] ¦ comment?
Asia's declines bring out bargain hunters
Asia-Pacific equities were mixed but the mood was still extremely cautious as worries about the US economy and surging oil prices ate into company profits
Financial Times – Jul 4, 2008 05:37 AM [GMT] ¦ comment?
Asia-Pacific equities were mixed but the mood was still extremely cautious as worries about the US economy and surging oil prices ate into company profits
Financial Times – Jul 4, 2008 05:37 AM [GMT] ¦ comment?
InterOil In The Hot Seat
With Papua New Guineans howling over higher fuel prices, the government may seek to renegotiate its agreement with the foreign energy company.
Forbes.com – Jul 4, 2008 04:48 AM [GMT] ¦ comment?
With Papua New Guineans howling over higher fuel prices, the government may seek to renegotiate its agreement with the foreign energy company.
Forbes.com – Jul 4, 2008 04:48 AM [GMT] ¦ comment?
A Meaty 4th Of July
British chain's offshoot goes for the grills on its first Independence Day in America.
Forbes.com – Jul 4, 2008 04:19 AM [GMT] ¦ comment?
British chain's offshoot goes for the grills on its first Independence Day in America.
Forbes.com – Jul 4, 2008 04:19 AM [GMT] ¦ comment?
