Posts Tagged ‘Focus’

(AFX UK Focus) 2010-02-19 15:41 Brevan Howard says no exposure to Greek debt, CDS-letter

(AFX UK Focus) 2010-02-19 15:41 Brevan Howard says no exposure to Greek debt, CDS-letter
LONDON, Feb 19 (Reuters) – Brevan Howard, Europe’s biggest hedge fund firm, has no exposure to Greek debt or credit default swaps and has no plans to short the bonds or buy protection in the foreseeable future, according to an extract from a letter to investors. The firm also said it had no exposure to Portuguese, Italian or Spanish debt or CDS, and had no intention of shorting or buying …

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(AFX UK Focus) 2010-02-11 10:29 Credit Suisse says 2009 bonuses average $135,000

(AFX UK Focus) 2010-02-11 10:29 Credit Suisse says 2009 bonuses average $135,000
LONDON, Feb 11 (Reuters) – Credit Suisse will pay staff an average bonus of 144,000 Swiss francs ($135,500) for 2009, including 86,400 francs in cash, with the Swiss bank saying it was leading attempts to “strike the right balance” on payouts. Credit Suisse will pay 6.85 billion francs in bonuses for 2009, up from 2008’s depressed payouts but a fifth down from average pay in 2007. It said 4.1 …

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Boston Scientific, Viacom, Credit Suisse in focus

Boston Scientific, Viacom, Credit Suisse in focus
The European Union president on Thursday said a deal has been reached to help Greece stem its financial crisis that has rocked markets over the last month. Credit Suisse

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(AFX UK Focus) 2010-02-11 23:22 KT buys a $87 mln worth stake in BC Card -report

(AFX UK Focus) 2010-02-11 23:22 KT buys a $87 mln worth stake in BC Card -report
SEOUL, Feb 12 (Reuters) – KT Corp, South Korea’s dominant fixed-line operator and No. 2 mobile carrier, agreed to buy a 14.85 percent stake in BC Card for about 100 billion won ($86.79 million), the Korea Economic Daily reported on Friday. The newspaper reported that the stake purchase from Shinhan Card will make KT the third largest shareholder for the credit card processing company.

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(AFX UK Focus) 2010-02-08 08:52 UK FSA head says credit expansion must be controlled

(AFX UK Focus) 2010-02-08 08:52 UK FSA head says credit expansion must be controlled
PARIS, Feb 8 (Reuters) – The expansion of credit to fund the purchase of existing assets needs to be more carefully controlled, Adair Turner, the chairman of Britain’s Financial Services Authority said in a newspaper interview on Monday. “I am more and more convinced that we need to control the expansion of credit, independently of monetary policy,” he said in France’s La Tribune newspaper. He …

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(AFX UK Focus) 2010-02-08 04:45 Japan corp bankruptcies down but debt up due to JAL

(AFX UK Focus) 2010-02-08 04:45 Japan corp bankruptcies down but debt up due to JAL
TOKYO, Feb 8 (Reuters) – Japan’s corporate bankruptcies fell 21.8 percent in January from a year earlier to their lowest level since 2007 and down for the sixth straight month, as government credit support measures helped small businesses, a research firm said on Monday. But total debt involved more than doubled last month to 2.6032 trillion yen ($29 billion), the biggest amount for January …

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(AFX UK Focus) 2010-02-02 14:28 UPDATE 1-German credit crunch fund not big enough-industry

(AFX UK Focus) 2010-02-02 14:28 UPDATE 1-German credit crunch fund not big enough-industry
FRANKFURT, Feb 2 (Reuters) – German industry welcomed the launch of Deutsche Bank’s credit crunch fund to help prop up the finances of small to mid-size firms but said the 300 million euro ($417.4 million) pot was not big enough. Deutsche Bank on Tuesday introduced the fund, which will provide mezzanine finance — a form of non-voting equity — for struggling companies with up to 100 million …

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(AFX UK Focus) 2010-02-01 14:35 Sweden can phase out support for corp credit in ‘10

(AFX UK Focus) 2010-02-01 14:35 Sweden can phase out support for corp credit in ‘10
STOCKHOLM, Feb 1 (Reuters) – Sweden’s Debt Office said on Monday that most of the government support measures put in place to ease corporate credit during the financial crisis could be gradually phased out in 2010. “Now that the risk of a collapse of the (financial) system has in all likelihood disappeared and the financial markets have stabilised, the support can begin to be phased out,” the …

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(AFX UK Focus) 2010-02-03 03:20 UPDATE 1-S.Korea electronics exports growth to China slows

(AFX UK Focus) 2010-02-03 03:20 UPDATE 1-S.Korea electronics exports growth to China slows
SEOUL, Feb 3 (Reuters) – South Korean exports of electronic goods to China continued to grow in January from a year earlier, but the pace slowed from December, government data showed, amid jitters over the impact from China’s moves to cool credit growth. Electronics exports to China grew 122.3 percent to $4.16 billion in January from a year earlier, but slowed from a 132.8 percent annual gain to …

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(AFX UK Focus) 2010-02-02 12:55 UPDATE 2-D.R. Horton posts 1st profit in almost 3 years

(AFX UK Focus) 2010-02-02 12:55 UPDATE 2-D.R. Horton posts 1st profit in almost 3 years
NEW YORK, Feb 2 (Reuters) – Helped by a large tax credit, homebuilder D.R. Horton on Tuesday posted its first quarterly profit in almost three years, beating analyst estimates and sending shares up. Horton’s net profit for the first quarter ended Dec. 31 was $192 million or 56 cents per share, compared with a net loss of $62.6 million or 20 cents a share in the year-earlier quarter. It recorded …

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