Moody's Warns Korean Bank Report May Spur Profit Curbs
A Korean government report concluding that banks' business practices harm consumers is credit negative for the sector, as it will likely spur calls to restrain bank profitability, Moody's Investors Service said Monday.
China's BoCom Nears Approval for $4.7 Billion Placement
Bank of Communications Co. (3328.HK) is close to receiving final approval from China's securities regulator to complete its 29.8 billion yuan ($4.7 billion) worth of additional A-share sale, with more than two thirds of the shares likely to be purchased by the Ministry of Finance and the National
Asian Shares Rise on Hopes for Europe Action
Asian markets rose on Monday as European leaders continued to offer reassurance that action will be taken to tackle the region's debt crisis.
Shanghai May Mark Shares Tied To Multi-year Losses
The Shanghai Stock Exchange is considering new rules that would add a special tag to shares of firms with two or more years of consecutive losses and make delisting stocks easier, according to a state media report.
Hong Kong Stocks Jump On Casinos, Financials
Hong Kong stocks were bolstered in early moves Monday on hopes for policy stimulus from global central banks, with casino operators, banks and resource producers leading the advance.
BDO Unibank January-June Net Profit up 15% at PHP5.83 Billion
Philippine lender BDO Unibank Inc. (BDO.PH) said Monday its first-half net profit rose 15% to 5.83 billion Philippine pesos ($139 million) compared with PHP5.05 billion a year earlier.
Korea Finance Corp: To Put Korea Aerospace Industries up for Sale Tuesday
Korea Finance Corporation, or KoFC, said Monday it will put a controlling stake in Korea Aerospace Industries Ltd. (047810.SE) up for sale on Tuesday in a deal that could be worth around KRW1.3 trillion.
Spain Treasury to Issue Debt for Regions
The Spanish Treasury will issue as of 2013 enough debt to include financing needs for the nation's regions who require financial support, Inigo Fernandez de Mesa, secretary general for Treasury, told Expansion in an interview published in its Monday Internet edition.
Unilever Indonesia 1st Half Net Profit IDR2.33 Trillion Vs IDR2.07 Trillion
Consumer-goods producer PT Unilever Indonesia's (UNVR.JK) first-half net profit rose 13% to 2.33 trillion rupiah ($245 million) from IDR2.07 trillion a year earlier owing to higher sales, it said Monday.