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Hong Kong shares end up 0.65%

Agence France-PresseApril 26, 2013 05:15

Hong Kong shares ended 0.65 percent higher on Friday, bucking a regional downtrend on bargain buying and as dealers followed a positive lead from Wall Street. The benchmark Hang Seng Index added 146.47 points to end at 22,547.71 on turnover of HK$62.42 billion ($8.05 billion). Investors moved in after the index hit its lowest level in 2013 last week on the back of downbeat Chinese growth data.

Analysis - Centuries-old Vienna bourse seeks lifeline in Warsaw

Thomson ReutersApril 25, 2013 11:30

By Georgina Prodhan and Adrian Krajewski VIENNA/WARSAW (Reuters) - The venerable Vienna Stock Exchange swallowed centuries of national pride this month to enter into talks that could lead to a merger with its upstart rival in Warsaw.

European stocks mostly fall amid mixed economic data

Agence France-PresseApril 25, 2013 08:17

European stock markets posted modest advances on Thursday in the wake of recent strong gains as traders reacted to news of soaring Spanish unemployment and surprising British growth figures, while earnings updates from major pharmaceuticals were also in focus. Indices had enjoyed large gains during the previous two days on growing expectations of an interest rate cut by the European Central Bank. London's FTSE 100 index of leading companies added 0.13 percent to stand at 6,440.37 points in midday deals on Thursday.

Evonik to raise nearly 350 mn euros in share placement

Agence France-PresseApril 24, 2013 03:31

German speciality chemicals maker Evonik Industries stands to raise nearly 350 million euros ($455 million) from a private placement of shares, the bank handling the issue, Deutsche Bank, said Wednesday. Deutsche Bank said in a statement that 9.32 million shares -- or around 2.0 percent of Evonik's share capital -- are being placed with institutional investors at a price of 32.30 euros. An additional "greenshoe" option of 1.398 million shares is being held in reserve in case of strong demand.

Hong Kong, Shanghai shares hit by weak China data

Agence France-PresseApril 23, 2013 04:47

Shares in Hong Kong and Shanghai fell on Tuesday after data showed manufacturing activity in China slowed in April, adding to concerns about the state of the world's number two economy. In Hong Kong the benchmark Hang Seng Index lost 1.08 percent, or 237.76 points, to end at 21,806.61 on turnover of HK$56.75 billion ($7.32 billion). Chinese shares tumbled 2.57 percent. The benchmark Shanghai Composite Index dropped 57.63 points to 2,184.54 on turnover of 82.2 billion yuan ($13.3 billion). dan/ami

European stocks waver on Italy progress, US data

Agence France-PresseApril 22, 2013 13:01

European stocks were mixed on Monday as traders balanced political progress in Italy with disappointing earnings and housing data from the US. On the the foreign exchange markets the dollar dominated sentiment as it spiked close to the 100 yen mark after the G20 cautiously endorsed the Bank of Japan's huge stimulus measures despite wariness from emerging countries.

Credit Suisse's Crossfinder dark pool gets darker

Thomson ReutersApril 19, 2013 17:15

By John McCrank NEW YORK (Reuters) - Credit Suisse AG <CSGN.VX> has stopped voluntarily disclosing the amount of trading volume on its Crossfinder platform, the world's largest dark pool, highlighting the debate over the transparency of U.S. equities markets. Agency brokerage Rosenblatt Securities and research and advisory firm Tabb Group, which both publish dark pool reports, said on Friday that Credit Suisse had stopped providing the data.

Hong Kong shares end 2.33% higher

Agence France-PresseApril 19, 2013 05:30

Hong Kong shares ended 2.33 percent higher on Friday, capping a tough week for global markets after China released data showing growth in the world's number two economy had slowed. The benchmark Hang Seng Index added 501.05 points to end at 22,013.57 on turnover of HK$65.98 billion ($8.51 billion). World markets were hit on Monday when China released figures showing the economy grew 7.7 percent in the January-March quarter, slower than expected and weaker than the 7.9 percent in the previous three months.

J&J stake sale clouds Royalty bid for Elan

Thomson ReutersApril 18, 2013 15:00

By Padraic Halpin and Jessica Toonkel DUBLIN/NEW YORK (Reuters) - U.S. healthcare firm Johnson & Johnson <JNJ.N> cut its stake in Elan Corp <ELN.N> on Thursday in a move that clouds prospects for a $7.3 billion (4.7 billion pounds) takeover bid for the Irish drugmaker. U.S. investment firm Royalty Pharma on Monday made an improved $12 per share bid for Elan, which has rejected its suitor's overtures and wants to remain an independent company.

Stocks retreat on weak earnings, Euro unease

Agence France-PresseApril 17, 2013 14:17

US and European stock markets were in heavy retreat Wednesday, buffeted by poor Wall Street results and dreary European economic sentiment, including rumors of a credit downgrade facing Germany. US shares were sharply lower in midday trade, the S&P 500 pulling back after falling more than 2 percent in morning trade, and Nasdaq losses at 2 percent led by a plunge in Apple shares, the weightiest in the index. At 1730 GMT, the Dow Jones Industrial Average was down 150.18 (1.02 percent) to 14,606.60.