Hints and tips:
...Monday UAE, IMF news conference post-publication of outlook report for Middle East and north Africa Norway, results of treasury bill auction Q3: Banco Comercial Português, ON Semiconductor, Japan Tobacco...
...according to S&P Global....
...Ower at Playmob is a member of MCV’s Brit List: Women in Games Top 100, chosen from more than 400 candidates....
...Banco Comercial Português lost 6.5 per cent to €0.09 and Banco Espirito Santo fell 4.5 per cent to €0.60....
...Related reading: Wary of the peso, Argentines try a new form of payment (http://www.ft.com/intl/cms/s/0/d4612bf8-e194-11e2-b796-00144feabdc0.html) Argentina bonds: high-yielding for a reason (http://blogs.ft.com...
...According to El Cronista Comercial, an opposition business daily, one of those new entrants could be China’s Dagong, which is setting up a joint-venture with a US and Russian agency to create a multilateral...
...Société Générale ’s shortfall was estimated at €3.3bn....
...S&P cut Portugal’s long-term rating by two notches from A- on Thursday night, warning that the country’s political crisis heightened the risk that it would be unable to refinance its debt....
...S&P also cut the country’s long-term rating by three levels in two separate moves over the past 10 days....
...Although S&P says Santander has a good standalone credit profile, is currently weathering the global crisis well, etc, etc, ad infinitum....
...Greek banking stocks fell for a fifth-straight session after S&P also downgraded the banks to a junk rating....
...Deutsche Bank ’s quarterly earnings rebounded from last year’s record losses, helped by a one-off tax gain. But its shares fell 4.2 per cent to €43.88....
...K&S, the German potash maker, was untarnished by the turbulence in the wider market as Canadian peer Agrium raised its outlook for the second quarter....
...None of the 52 stocks in the Eurofirst 300’s banking index ended higher....
...The ABN Amro takeover saga might have hogged the M&A headlines on Wednesday but there was a strong market reaction to the latest development in Portuguese bank Millennium BCP ‘s bid for Banco BPI ....
...“Given management’s proactive approach, we do not rule out the possibility of an acquisition,” said S&P Equity analyst Derek Chambers....
...On Wednesday it announced it had approved the sale by Banco Comercial Portugues of a stake in its life insurance business to Fortis, the Dutch banking group . . . several hours before the decision was taken...
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