Archive for December 11th, 2008

Papua New Guinea sees first LNG exports in 2013-14

Thursday, December 11th, 2008

BARCELONA, Dec 11 (Reuters) - Papua New Guinea expects tostart exporting its first liquefied natural gas (LNG) from aplant run by ExxonMobil (XOM.N: Quote, Profile, Research, Stock Buzz) in 2013-14, Planning MinisterPaul Tiensten said on Thursday. "We are on course to ...

WRAPUP 2-Germany attacks stimulus plans before EU summit

Thursday, December 11th, 2008

(Adds Irish minister on new EU treaty referendum, edits) By Mark John and Pete Harrison BRUSSELS, Dec 11 (Reuters) - Germany's finance ministeraccused other European Union states of "tossing around billions"before a summit on Thursday, deepening a ...

UPDATE 1-Belgium may cede BNP stake to Fortis in future

Thursday, December 11th, 2008

(Adds PM spokesman comment, BNP no comment, analyst, shares) BRUSSELS, Dec 11 (Reuters) - The Belgian government may bewilling to cede its 11.6 percent stake in French bank BNPParibas (BNPP.PA: Quote, Profile, Research, Stock Buzz) to Fortis (FOR.BR: Quote, Profile, Research, ...

China Construction Bank aims to set up health fund

Thursday, December 11th, 2008

HONG KONG, Dec 11 (Reuters) - China Construction Bank(0939.HK: Quote, Profile, Research, Stock Buzz)(601939.SS: Quote, Profile, Research, Stock Buzz), one of the country's "Big Four" lenders,plans to raise 5 billion yuan ($730 million) to set up a healthcare investment fund, the head of its ...

WRAPUP 1-Asia banks eye fundraising as downturn deepens

Thursday, December 11th, 2008

* SMFG to nearly double capital raising to $5.8 bln * S.Korea tells banks to boost capital ratios * SMFG shares rise 10 pct * China banks urged to set aside profits for ...

SE Asia Stocks-Gains pared by economic gloom, S’pore falls

Thursday, December 11th, 2008

* Major Southeast Asian bourses lose morning gains * S'pore leads decliners, with financials, property down * Gloomy Asian economic outlook eats into appetite forstocks By Viparat Jantraprap BANGKOK, Dec 11 (Reuters) - Southeast Asian stock marketsgenerally lost most of their early gains on Thursday ...

BNP Paribas Wealth plans Singapore hiring spree

Thursday, December 11th, 2008

SINGAPORE, Dec 11 (Reuters) - French bank BNP Paribas(BNPP.PA: Quote, Profile, Research, Stock Buzz) said on Thursday its wealth management arm plans togo on a hiring spree in Singapore that will raise its headcountto 500 by the end of next year, from 300 now. ...

NIBC plans 3-yr euro, government-backed bond -IFR

Thursday, December 11th, 2008

LONDON, Dec 11 (Reuters) - Dutch merchant bank NIBC plans toissue a three-year euro benchmark bond guaranteed by thegovernment, IFR Markets reported on Thursday. Guidance is set at mid-swaps plus 50 to 55 basis points forthe triple-A rated issue, said IFR ...

SNB says more losses possible at big Swiss banks

Thursday, December 11th, 2008

By Lisa Jucca ZURICH, Dec 11 (Reuters) - The Swiss National Bank said itcannot rule out further losses at Switzerland's big banks due totough market conditions, even after measures to stabilise thefinancial system. The comments by SNB ...

PRECIOUS-Gold extends gains by 1 percent on weak dollar

Thursday, December 11th, 2008

* Dollar slides to six-week low versus the euro * Oil prices climb more than 3 percent* Traders eye $14 billion rescue plan for U.S. carmakers(Recasts, adds detail, changes dateline, pvs SINGAPORE) By Jan Harvey ...