My Yahoo!AFX NEWS BRIEFING: Banking and insurance highlights to 09:15 BST
07.07.2006, 05:30 AM
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Aegon, Ranbaxy Promoter to set up insurance, asset management venture in India
AMSTERDAM (AFX) - Aegon NV said it and Ranbaxy Promoter Group have signed a
memorandum of understanding to jointly enter the insurance and asset management
markets in India.
2006-07-07 07:42:01
China loans slowly shifting to countryside, non-farm sector - ADB
BEIJING (XFN-ASIA) - The Asian Development Bank (ADB) says its development
loans and grants to China are beginning to focus more on rural development, with
the non-farm tertiary sector taking an rising share of capital.
2006-07-07 07:33:34
HK Mortgage Corp rating outlook raised to 'positive' from 'stable' - Moody's
HONG KONG (XFN-ASIA) - Moody's Investors Service said it has upgraded its
outlook for Hong Kong Mortgage Corporation's (HKMC) 'Aa3' long-term local and
foreign currency debt ratings to 'positive' from 'stable'.
2006-07-07 07:17:53
HSBC, Hang Seng Bank 'A1' foreign currency rating on review for upgrade -Moody's
HONG KONG (XFN-ASIA) - Moody's Investors Service said it has placed the
constrained 'A1' foreign currency deposit ratings of HSBC plc units Hongkong and
Shanghai Banking Corp and Hang Seng Bank Ltd on review for possible upgrade.
2006-07-07 07:03:55
BME max retail IPO price set at 33.5 eur/shr, top of indicative range
MADRID (AFX) - Bolsas y Mercados Espanoles said it has set the maximum price
for the retail tranche of its IPO at 33.5 eur/shr, the top end of its
26.30-33.50 eur per share indicative price.
2006-07-07 06:50:50
Standard Life shares set to be priced at up to 230 pence - report
LONDON (AFX) - Shares in Standard Life are expected to be priced at the
upper end of a 225-230 pence range ahead of Monday's flotation and
demutualisation, valuing the life assurer at about 4.5 bln stg, according to The
Financial Times.
2006-07-07 06:30:46
Spain's BME IPO price set at 33.5 eur/shr, maximum of indicative range
MADRID (AFX) - Bolsas y Mercados Espanoles said it has set the final price
for the retail tranche of its IPO at 33.5 eur/ shr, the top end of its
26.30-33.50 eur per share indicative price.
2006-07-07 05:50:37
China CCB, BOC, ICBC, ABC rating outlooks revised to positive - Moody's
BEIJING (XFN-ASIA) - Moody's Investors Service said it has revised the
rating outlooks on China's policy banks and state-controlled commercial banks to
positive from stable, in line with the outlook changes to China's long-term
foreign currency sovereign rating.
2006-07-07 01:22:48
Mizuho Bank to raise rates on 3-mth, 6-mth time deposits - report
TOKYO (XFN-ASIA) - Mizuho Bank Ltd plans to hike interest rates on
three-month and six-month time deposits from 0.02 pct to 0.06 pct, and from 0.02
pct to 0.1 pct, respectively, the Nihon Keizai Shimbun reported, without citing
sources.
2006-07-07 01:07:17
China Southern Airlines signs contract to buy 50 planes from Airbus
BEIJING (XFN-ASIA) - China Southern Airlines Co Ltd (SHA 600029; HK 1055; ADR
ZNH), the country's largest carrier by fleet size, said it has signed a contract
to buy 50 A320 aircraft from Airbus.
2006-07-07 00:32:21
Greece's NBG raises over 3 bln eur in share issue
ATHENS (XFN-ASIA) - The National Bank of Greece said that it had raised more
than 3 bln eur via a share issue intended to finance the acquisition of Turkey's
Finansbank.
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