UBS AG Bank News
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(Adds information on Bank of China's 2006 IPO; stake sales by UBS and Bank of America in China Construction Bank; Royal Bank of Scotland's stake in Bank of China.) HONG KONG (MarketWatch) -- The Li Ka Shing Foundation is selling two billion shares in mainland lender Bank of China Ltd. (3988.HK) in a placement that could raise up to US$524 million for the charitable foundation owned by Hong ...
Source: marketwatch.com
Li Ka-shing Seeks $524 Million Selling Bank of China
Jan. 7 (Bloomberg) -- Hong Kong billionaire Li Ka-shing is raising as much as HK$4.06 billion ($524 million) selling shares in Bank of China Ltd., the nation’s third-largest bank by market value, according to a stock sale document.
Source: bloomberg.com
Grand Jury Said to Probe Richardson’s Former Chief of Staff
Jan. 7 (Bloomberg) -- Federal prosecutors are asking if New Mexico Governor Bill Richardson ’s former chief of staff told a state agency to hire a bond adviser that donated $100,000 to Richardson’s political committees, people familiar with the matter said.
Source: bloomberg.com
U.K. Pound Falls Against Euro as Two-Day Gain Judged Excessive
Jan. 7 (Bloomberg) -- The U.K. pound fell against the euro as traders judged its biggest-ever two-day gain versus the single currency was excessive given the Bank of England may cut its main interest rate to an all-time low tomorrow to revive the economy.
Source: bloomberg.com
BEFORE THE BELL: US Stk Futures Drop In Wake Of Alcoa Cuts
NEW YORK (Dow Jones)--Caution from metals giant Alcoa Inc. (AA) helped drag U.S. stock futures lower on Wednesday as an up-and-down week continued.
Source: news.ino.com
U.S. Banks Need to Raise More Capital, Whitney Says
U.S. banks’ earnings will be hurt in 2009 by as much as $40 billion of further writedowns as asset prices continue to drop, and credit-ratings are cut on home loan-related securities, Whitney said in a note to clients Jan. 6.
Source: bloomberg.com
Taiwan’s Exports Drop By Record 41.9% on Global Slump
Jan. 7 (Bloomberg) -- Taiwan’s exports slumped by a record 41.9 percent in December on weaker demand from the U.S. and China for laptops, mobile phones and computer chips.
Source: bloomberg.com
German Stocks Decline, Led by Commerzbank, ThyssenKrupp, E.ON
Jan. 7 (Bloomberg) -- German stocks declined for the first time in six days as analysts cut their recommendations for Commerzbank AG and ThyssenKrupp AG and Russia’s gas exporter monopoly halted all shipments to Europe via Ukraine.
Source: bloomberg.com
Italian Stocks: Popolare, Fiat, Saipem, Pirelli, Seat Pagine
Jan. 7 (Bloomberg) -- Italy’s benchmark S&P/MIB Index was unchanged, trading at 20,730 as of 10:16 a.m. local time. The following stocks were among the most active on the Italian market today. Share symbols are in parentheses.
Source: bloomberg.com
Li Ka-shing Seeks $524 Million Selling Bank of China
Jan. 7 (Bloomberg) -- Hong Kong billionaire Li Ka-shing is raising as much as HK$4.06 billion ($524 million) selling shares in Bank of China Ltd. , the nation’s third-largest bank, according to a stock sale document.
Source: bloomberg.com
