Banco Bilbao Vizcaya Argentaria outlined plans to grab a big chunk of the Spanish banking market over the next three years as the nation’s ailing savings banks restructure.
The announcement came as Spain’s second-largest bank by assets reported a jump in fourth-quarter profit backed by robust growth in Latin America, which offset weakness in [...]
Posts Tagged ‘dow jones’
BBVA Seeks Bigger Market Share
February 2nd, 2011 by Financial Writer
Tags: bank, banking, banks, company, dow jones, loan, loans, ubs, us
more...Tata Communications Posts Net Loss
January 31st, 2011 by Financial Writer
Tata Communications posted a consolidated third-quarter net loss of 1.97 billion rupees ($ 42.9 million) as a marginal rise in revenue failed to cushion it from the impact of rising costs.
The undersea communication …
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Tags: company, dow jones, ubs, us
Barclays Mulls Bonds for Bonuses
January 24th, 2011 by Financial Writer
Barclays is considering paying about 1,000 senior bankers part of their bonuses in bonds that could convert to equity in times of stress, a person familiar with the matter said Monday.
The move could help deflect criticism of the bank’s bonus payouts, which are expected to total around £2.5 billion this year, since bankers [...]
Tags: bank, bankers, bonuses, company, dow jones, ubs, us
Spain Pays High Yield on Bonds
December 16th, 2010 by Financial Writer
Spain’s final foray into the market for long-term bonds this year was an expensive exercise for the government Thursday, coming a day after Moody’s Investors Service Inc. warned that it might downgrade the country’s credit rating because of its mounting debt and funding needs.
Germany, meanwhile, announced plans to issue less debt next year, [...]
Tags: au, company, Debt, dow jones, economic, economic recovery, euro, Europe, finance, germany, government, Invest, investor, investors, ubs, us
Pertamina, Exxon Sign Deal to Develop Gas Project
December 3rd, 2010 by Financial Writer
Pertamina and Exxon Mobil signed a preliminary agreement to co-develop the offshore East Natuna Block, paving the way to extract natural gas from the massive block located in the South China Sea.
Projects like Natuna and Chevron Corp.’s deep-water Gendalo-Gehem gas development are helping to restore Indonesia’s status as a major oil and gas [...]
Tags: China, company, dow jones, Gas producer, oil, ubs, us
Asian Reserves Jump in July as Euro Soars
August 10th, 2010 by Financial Writer
Asia’s foreign exchange hit a record high in July as the region’s fast-growing economies kept attracting strong inflows amid sluggish growth in the developed world, burnishing the role of Asian central banks as key players in the currency market.
Reserves held by 11 key Asian central banks, excluding China’s, amounted to $2.861 trillion at the end [...]
Tags: asian markets, Chinese economy, dow jones, european economy, financial markets, Global Economy, Global Markets, IMF, monetary
European Stocks Fall on Budget Deficit; Nokia Drops, RBS Gains
April 24th, 2010 by Financial Writer
April 24 (Bloomberg) — European stocks fell for a second week as the euro area’s budget deficit widened to more than double the European Union’s 3 percent limit in 2009, led by Greece and Ireland, offsetting better-than-expected results from companies including Ericsson AB and Volvo AB.
Greek banks sank as Moody’s Investors Service cut Greece’s sovereign [...]
Tags: dow jones, euro, european economy, european markets, european stocks, european union, financial, financial markets, Global Economy, IMF, investors
China Yuan At 6-Month High Late On Appreciation Hopes
April 8th, 2010 by Financial Writer
SHANGHAI (Dow Jones)–China’s yuan strengthened to a near six-month high against the U.S. dollar late Thursday, as a surprise meeting between U.S. Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang Qishan in Beijing later in the day intensified speculation over near-term yuan appreciation.
Traders said the U.S. Treasury’s decision over the weekend to delay its [...]
Tags: China, dow jones, Global Economy, japan, us economic, wall street
Stock futures fall as traders boost dollar, bonds
December 8th, 2009 by Financial Writer
Stock futures indicated a lower opening on Wall Street Tuesday, as investors sought more safe-haven assets like the dollar and Treasurys.
The dollar gained ground against other major currencies, while bond prices rose. Commodities fell as the dollar rose. A stronger dollar makes commodities more expensive for buyers overseas, and also hurts profits at companies that [...]
Tags: dow jones, Federal Reserve, investors, recession, stock futures, wall street
Dollar flat as ECB, BoE leave rates unchanged
November 5th, 2009 by Financial Writer
The dollar was nearly flat Thursday after the European Central Bank and Bank of England left their respective key interest rates unchanged.
Higher interest rates can support a currency as investors transfer funds in search of better returns. The ECB and BoE maintained their rates at 1 percent and 0.5 percent, respectively, higher than the Federal [...]
Tags: bank of england, dollar, dow jones, economists, euro, stock market