| //19-10-2009 |
Significant increases in demand for food in emerging markets, coupled with increasing constraints on the ability to grow more crops, will make the scarcity of food a more pressing issue around the world – leading to sustained food price rises, whilst deepening food security issues in Asia, Africa and the Middle East, according to a report by Standard Chartered Global Research published today.
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| //16-10-2009 |
WASHINGTON/CHARLOTTE, N.C (Reuters) - Two Bank of America directors have been asked to testify before Congress on the bank's acquisition of Merrill Lynch and ensuing fallout, a source familiar with the matter said on Friday.
The House Oversight and Government Reform Committee has asked Charles Gifford and Thomas May to appear on Thursday, October 22, the source said.
The request comes just days after the bank decided to waive its legal privileges protecting names of those who made decisions on the Merrill merger.
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| //16-10-2009 |
The following news release was issued today by The Saudi British Bank (SABB), a 40 per cent indirectly held associate of HSBC Holdings plc.
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| //16-10-2009 |
ICBC's outstanding business operation and sustainable development capability recently won the recognition from Emerging Markets as the best bank in Asia, according to the newspaper's Banking Achievement Poll of this year. ICBC proved its mettle again to win this year's title of "Banking Achievement 2009, Asia."
Emerging Markets is one of the publications under Euromoney Institutional Investor Group and a leading provider of information and data covering the economic development of emerging markets. The Banking Achievement Poll is a yearly review conducted by the newspaper on emerging markets as Asia, Africa and Latin America. The winners are announced at the annual summit of World Bank(WB) and International Monetary Fund(IMF).
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| //16-10-2009 |
Deutsche Bank’s Foreign Exchange business picked up three key awards in The Banker’s annual awards: "Most Innovative FX House", "Most Innovative Team (in any asset class)" and "Most Innovative Provider of Structured Investment Products (for retail investors)".
|
| //15-10-2009 |
Wells Fargo & Company (NYSE: WFC) announced today that it has set a goal to reduce its U.S. –based greenhouse gas emissions by 20 percent below 2008 levels by 2018. The Company is focusing on reducing its carbon footprint as part of its continued environmental commitment to lead by example and to fulfill its pledge as a member of the U.S. Environmental Protection Agency’s (EPA’s) Climate Leaders program, which Wells Fargo joined last year.
Wells Fargo is also installing solar photovoltaic (PV) systems on 10 banking stores in Denver. Combined the systems will generate about 300,000 kilowatt hours of clean, renewable energy each year, or the equivalent of avoiding about 450,000 pounds of carbon dioxide emissions annually.
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| //14-10-2009 |
Hang Seng Bank has been ranked Hong Kong’s number one company in
terms of both financial and corporate reputation in a survey commissioned by
The Wall Street Journal Asia (WSJA).
Mrs Margaret Leung, Vice-Chairman and Chief Executive of Hang Seng, said:
“We are delighted to have attained the top position in two key categories in
this year’s survey. This achievement reflects the professionalism and
dedication of the entire Hang Seng team. We will strive to reach further
heights of excellence by continuing to place primary focus on meeting the
diverse needs of our customers.”
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| //14-10-2009 |
Consumer deleveraging will continue and demand will stay subdued, predicts Saxo Bank, the trading and investment specialist, in its fourth quarterly financial outlook for 2009.
Saxo Bank predicts that monetary stimuli and government deficits are likely to continue, fostering a "Japanization" of financial markets, whereby we will see higher price-to-earnings ratios and lower yields on both corporate bonds and treasuries.
Saxo Bank's Chief Economist, David Karsbøl comments: “Because Western economies are more flexible and able to embrace the necessary changes, we do not think that things will get as bad as was the case in Japan. However, it is increasingly evident that the current scenario in the West bears a close resemblance to post-1990 Japan, and it looks progressively like we have entered a new regime in which everyone assumes that large companies will be bailed out. This means that default risk is 'priced out', and we see higher price-to-earnings ratios and lower yields on fixed income.”
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| //13-10-2009 |
The third edition of the Active Citizens of Europe Awards (ACE) has been celebrated today in Sarajevo, Bosnia & Herzegovina, during the 18th European Workshop on Voluntary Action.
The ACE Awards recognize the invaluable contribution of individuals or organizations who have proved to be outstanding pioneers in voluntary action and Active Citizenship. They recognize their achievements in improving the lives of their communities, either locally, regionally, nationally or international
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| //12-10-2009 |
Recently the results of selection of "The Best Banks 2009" organized by "Global Finance" were announced, Industrial and Commercial Bank of China (Macau) Limited ("ICBC Macau") won the title of "The Best Bank in Macau Region 2009".
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| //12-10-2009 |
New York – John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct a third quarter 2009 Fixed Income Investor Review at 7:30 AM (EDT) on October 16, 2009. The review will be available live via webcast and teleconference.
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| //12-10-2009 |
62,989 Home Affordable Modifications done under U.S. program through Sept. 30; total of 354,994 trial and completed modifications done in 2009
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| //09-10-2009 |
HSBC has been rated number one in the financial sector and third overall in the 2009 Carbon Disclosure Project (CDP). The CDP promotes awareness of business implications of climate change by encouraging the world's leading companies to disclose information about their greenhouse gas emissions.
|
| //09-10-2009 |
Long/Short Equity and Emerging Markets managers experienced another positive month driven by equity market
gains in September. At the end of the best quarter since 1998 for the Dow Jones Index, which had a gain of nearly
15%, market sentiment was bolstered by several positive macro indicators, such as an increase in the Global
Purchasing Managers’ Index (PMI) that signaled expanding manufacturing output and pointed to a continuing
stabilization of global economic activity. Inflation continued its moderate downward trend in the U.S. and in the
Organization for Economic Co-operation and Development (OECD) countries, while central banks overall maintained
low interest rates in the face of a weak recovery. Many equity indices finished in positive territory, although there were
some late market corrections following reports of worse-than-expected U.S. home sales.
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| //08-10-2009 |
Simon Rattle, Conductor of the Berlin Philharmoniker, on Monday received Germany’s Federal Cross of Merit at Schloss Bellevue in Berlin from the President of Germany, Horst Köhler.
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| //08-10-2009 |
Bank of China’s 2008 Annual Report won Gold award in the overall category of the LACP (League of American Communications Professionals) annual report competition. In addition, it was awarded Gold in the banking category and as best financial report. The Bank’s 2008 annual report also received awards in the US ARC (Annual Report Competition) Awards in different categories. It is a continued glory for the Bank’s annual report following its success in 2006 and 2007.
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| //08-10-2009 |
The gold ETF in USD can be hedged in CHF, and EUR, and marks the further expansion of Credit Suisse’s global product range.
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| //08-10-2009 |
London, October 8, 2009 Credit Suisse is pleased to announce the introduction of a UCITS III-compliant FX Fund which combines six diversified FX strategies and yields attractive risks/returns and low correlations to other asset classes.
|
| //07-10-2009 |
Société Générale Securities Services wins 7 mandates in Italy
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| //07-10-2009 |
Société Générale and Dexia are entering into negociations regarding the purchase by Société Générale of Dexia's 20% interest in Crédit du Nord
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