BNP Paribas http://www.globalpost.com/taxonomy/term/27291/all en European shares flat, hampered by French telecoms http://www.globalpost.com/dispatch/news/thomson-reuters/130122/european-shares-flat-hampered-french-telecoms <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 22 (Reuters) - European shares ended flat on Tuesday, after a choppy session, as the prospect of price war in the French telecom sector balanced signs of economic improvement in Germany.</p> <p>France Telecom, Vivendi and Bouygues shed between 4.6 percent and 3.9 percent after the head of Vivendi's SFR mobile operator said it was cutting prices by as much as 25 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/european-shares-flat-hampered-french-telecoms" target="_blank">read more</a></p> BNP Paribas Investment Vivendi Thomson Reuters Tue, 22 Jan 2013 17:00:20 +0000 Thomson Reuters 5737831 at http://www.globalpost.com European shares edge up; travel & leisure sector leads http://www.globalpost.com/dispatch/news/thomson-reuters/130129/european-shares-edge-travel-leisure-sector-leads <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 29 (Reuters) - European shares edged higher to trade near two-year highs on Tuesday, with improving macroeconomic conditions and strong earnings improving sentiment, although technical factors could limit gains in the near term.</p> <p>At 0811 GMT, the FTSEurofirst 300 index was 0.2 percent higher at 1,174.78 points after hitting a 23-month high in the previous session. The euro zone's blue-chip Euro STOXX 50 index was 0.1 percent higher at 2,745.62 points.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/european-shares-edge-travel-leisure-sector-leads" target="_blank">read more</a></p> BNP Paribas Economy of Europe Investment Thomson Reuters Tue, 29 Jan 2013 09:15:31 +0000 Thomson Reuters 5740898 at http://www.globalpost.com GLOBAL MARKETS-Euro, shares recover as European worries recede http://www.globalpost.com/dispatch/news/thomson-reuters/130205/global-markets-euro-oil-slide-european-worries-shares-flat <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Euro lifted by above-forecast euro zone services data</p> <p>* European shares rebound from Monday's sharp sell-off</p> <p>* Brent crude close to $116 a barrel, gold flat</p> <p>By Richard Hubbard</p> <p>LONDON, Feb 5 (Reuters) - European shares, oil and the euro bounced back on Tuesday from a selloff caused by rising political risks in southern Europe, as data confirmed the region's economy is showing signs of recovery.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/global-markets-euro-oil-slide-european-worries-shares-flat" target="_blank">read more</a></p> BNP Paribas Economic history Economy of the European Union European Union Investment Thomson Reuters Tue, 05 Feb 2013 09:00:10 +0000 Thomson Reuters 5746131 at http://www.globalpost.com BNP Paribas reports 8.3% profit rise in 2012 http://www.globalpost.com/dispatch/news/afp/130214/bnp-paribas-reports-83-profit-rise-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Leading French bank BNP Paribas reported on Thursday an 8.3-percent rise in net profit last year to 6.55 billion euros ($8.76 billion), falling short of expectations owing to exceptional items but doing better than most of its rivals.</p> <p>The outcome in the fourth quarter of a net profit of 514 million euros fell far short of a figure of 969 million euros broadly expected by analysts polled by Dow Jones Newswires.</p> <p>In the last quarter, the bank made writedowns for its Italian branch BNL to reflect Italian requirements for an increase in capital.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130214/bnp-paribas-reports-83-profit-rise-2012" target="_blank">read more</a></p> BNP Paribas Business Investment Investment banks AFP Thu, 14 Feb 2013 18:43:46 +0000 Agence France-Presse 5755614 at http://www.globalpost.com European shares slip, led by utilities and banks http://www.globalpost.com/dispatch/news/thomson-reuters/130215/european-shares-slip-led-utilities-and-banks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 15 (Reuters) - European shares nudged lower on Friday, held back by weak utilities and banks, though strategists reckoned that any dips in the equity markets should be seen as a buying opportunity.</p> <p>The STOXX Europe 600 Utilities Index and the Banks index were both among the worst performing European sectors, off 0.6 percent.</p> <p>Utilities were knocked by a 3.3 percent drop in Spanish power company Iberdrola, which traders attributed to signs that lender Bankia might be looking to sell its stake in the company.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/european-shares-slip-led-utilities-and-banks" target="_blank">read more</a></p> ABN AMRO BNP Paribas Investment Thomson Reuters Fri, 15 Feb 2013 17:00:40 +0000 Thomson Reuters 5756835 at http://www.globalpost.com REFILE-Belgian prosecutors seek trial of ex-Fortis directors http://www.globalpost.com/dispatch/news/thomson-reuters/130220/jg-belgian-prosecutors-seek-trial-ex-fortis-directors <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Removes extra characters)</p> <p>* Fortis was bailed out and carved up in 2008</p> <p>* Prosecutors say directors misled shareholders, markets</p> <p>BRUSSELS, Feb 20 (Reuters) - Belgian prosecutors have concluded that seven former directors of Fortis should face trial for allegedly misleading investors during the Belgian-Dutch bank's purchase of part of Dutch lender ABN AMRO and before its 2008 collapse.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130220/jg-belgian-prosecutors-seek-trial-ex-fortis-directors" target="_blank">read more</a></p> ABN AMRO BNP Paribas Business Financial services Fortis Thomson Reuters Wed, 20 Feb 2013 18:45:50 +0000 Thomson Reuters 5761354 at http://www.globalpost.com BOJ's new stimulus measures to boost Nikkei more, drag yen - Reuters poll http://www.globalpost.com/dispatch/news/thomson-reuters/130411/bojs-new-stimulus-measures-boost-nikkei-more-drag-yen <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Dominic Lau and Tomo Uetake</p> <p>TOKYO (Reuters) - The Bank of Japan's massive stimulus to pull the economy out of two decades of malaise has altered the outlook for Japanese assets, according to a Reuters snap poll of analysts conducted after the central bank shocked markets with its radical shift in policy.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130411/bojs-new-stimulus-measures-boost-nikkei-more-drag-yen" target="_blank">read more</a></p> BNP Paribas Investment Japanese yen Thomson Reuters Thu, 11 Apr 2013 08:30:04 +0000 Thomson Reuters 5810361 at http://www.globalpost.com BNP Paribas posts profit slump http://www.globalpost.com/dispatch/news/afp/130503/bnp-paribas-posts-profit-slump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The biggest French bank, BNP Paribas, on Friday said net profit slid by 44.8 percent in the first quarter hit by poor investment bank revenue and a sluggish economy in Europe.</p> <p>In the January to March period net profit fell to 1.59 billion euros ($2.06 billion), but beat analyst expectations of a 1.4-billion-euro after tax profit.</p> <p>Retail banking held up well over the period, the bank said, but the investment and corporate banking unit suffered badly, with revenue down 21 percent.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130503/bnp-paribas-posts-profit-slump" target="_blank">read more</a></p> BNP Paribas BNP Paribas Business Investment Investment banks AFP Fri, 03 May 2013 16:04:03 +0000 Agence France-Presse 5830505 at http://www.globalpost.com Central Hudson Gas & Electric needs merger with Fortis, state commission told http://www.globalpost.com/dispatch/news/the-canadian-press/130530/central-hudson-gas-electric-needs-merger-fortis-state-commis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>ST. JOHN'S, N.L. - Fortis Inc. (TSX:FTS) and the parent company of Central Hudson Gas </p> <p>A joint letter sent by Fortis and CH Energy Group, Inc. (NYSE:CHG) calls on the New York State Public Service Commission to give final approval to the amended deal in June at its next meeting.</p> <p>CH Energy's chairman says in the letter that Central Hudson's future is "very uncertain" without Fortis, a Newfoundland-based company that offered in February 2012 to pay US$65 cash for each share of CH Energy.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130530/central-hudson-gas-electric-needs-merger-fortis-state-commis" target="_blank">read more</a></p> ABN AMRO BNP Paribas Fortis Fortis The Canadian Press Thu, 30 May 2013 13:00:22 +0000 The Canadian Press 5848703 at http://www.globalpost.com BNP may unite U.S. ops to meet new rules: source http://www.globalpost.com/dispatch/news/thomson-reuters/130610/bnp-may-unite-us-ops-meet-new-rules-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS (Reuters) - BNP Paribas &lt;BNPP.PA&gt; may unite U.S. retail unit BancWest with its U.S. investment bank in a bid to offset the impact of proposed tougher rules for foreign banks in the United States, a source close to the bank said.</p> <p>The move, which would boost the financial strength of BNP's investment bank by tying it to a lucrative retail deposit base, would resemble past asset reshuffles by France's largest bank in markets like Belgium to cope with a global toughening of bank rules since the 2008 crisis, the source said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130610/bnp-may-unite-us-ops-meet-new-rules-source" target="_blank">read more</a></p> BNP Paribas Investment Investment banks Thomson Reuters Mon, 10 Jun 2013 07:34:14 +0000 Thomson Reuters 5854007 at http://www.globalpost.com BNP Paribas London expats told to go local or go home http://www.globalpost.com/dispatch/news/thomson-reuters/130626/bnp-paribas-london-expats-told-go-local-or-go-home <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS (Reuters) - French bank BNP Paribas &lt;BNPP.PA&gt; is forcing some long-standing London-based "expat" traders to choose between coming back to Paris or losing their expat status by switching to a local UK contract, the bank said on Wednesday.</p> <p>The traders affected, some of whom have worked for years in London with a French home base, have a difficult choice: convert to British contracts, or return to France where they could face higher tax rates.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130626/bnp-paribas-london-expats-told-go-local-or-go-home" target="_blank">read more</a></p> BNP Paribas Business Investment Investment banks Labor Law Thomson Reuters Wed, 26 Jun 2013 19:35:19 +0000 Thomson Reuters 5868450 at http://www.globalpost.com BNP Paribas confirms 'limited' Shinhan share sale http://www.globalpost.com/dispatch/news/thomson-reuters/131021/bnp-paribas-confirms-limited-shinhan-share-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>HONG KONG/PARIS (Reuters) - BNP Paribas &lt;BNPP.PA&gt;, France's largest bank, said on Monday it planned to sell a "limited" part of its stake in South Korean lender Shinhan Financial Group Co Ltd &lt;055550.KS&gt; while keeping their strategic partnership intact.</p> <p>The sale comes as European banks face pressure to cut costs from tougher regulation and an uneven economic recovery.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131021/bnp-paribas-confirms-limited-shinhan-share-sale" target="_blank">read more</a></p> BNP Paribas Investment Investment banks Thomson Reuters Mon, 21 Oct 2013 18:16:25 +0000 Thomson Reuters 5966790 at http://www.globalpost.com BNP Paribas buys Belgian govt local unit stake for 3.25 bn euros http://www.globalpost.com/dispatch/news/afp/131113/bnp-paribas-buys-belgian-govt-local-unit-stake-325-bn-euros <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Belgian government said Wednesday it has sold its 25 percent stake in BNP Paribas Fortis to its parent, top French bank BNP Paribas, for 3.25 billion euros.</p> <p>A joint statement recalled that Belgium acquired the 25 percent stake in 2008-09 at the height of the global financial crisis when Fortis Bank Belgium had to be bailed out under government oversight.</p> <p>"This transaction marks another step in the recovery of the investments made by the Belgian state in Fortis Bank Belgium," the statement said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131113/bnp-paribas-buys-belgian-govt-local-unit-stake-325-bn-euros" target="_blank">read more</a></p> ABN AMRO BNP Paribas Investment AFP Wed, 13 Nov 2013 23:22:11 +0000 Agence France-Presse 5988566 at http://www.globalpost.com UAE pay-TV network OSN secures five-year $200 million facility http://www.globalpost.com/dispatch/news/thomson-reuters/131124/uae-pay-tv-network-osn-secures-five-year-200-million-facility <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DUBAI (Reuters) - Dubai-based pay-TV network OSN, which is planning an initial public offering, has secured a five-year, $200 million financing facility, it said on Sunday.</p> <p>In a joint statement with Mashreq, the sole lead arranger of the deal, OSN said the deal was heavily oversubscribed with participants including Barclays Bank PLC, BNP Paribas Fortis SA/NV, Citibank N.A., HSBC Bank Middle East Ltd, and National Bank of Kuwait SAK.</p> <p>It not disclose the interest rate or other terms.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131124/uae-pay-tv-network-osn-secures-five-year-200-million-facility" target="_blank">read more</a></p> BNP Paribas Financial services Investment Thomson Reuters Sun, 24 Nov 2013 13:23:15 +0000 Thomson Reuters 5998656 at http://www.globalpost.com Rabobank sells Bank BGZ to BNP Paribas Group http://www.globalpost.com/dispatch/news/xinhua-news-agency/131205/rabobank-sells-bank-bgz-bnp-paribas-group <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Xinhua News Agency </div> </div> </div> <!--paging_filter--><p>THE HAGUE, Dec. 5 (Xinhua) -- Dutch bank Rabobank reached an agreement on the sale of 98.5 percent stake in Bank Gospodarki Zywnosciowej (Bank BGZ) to French BNP Paribas Group, the group announced Thursday.</p> <p>The Bank BGZ was valued at around 1 million euros (1.35 million U.S. dollars). The completion of the transaction is subject to the necessary regulatory approvals.</p> <p>"It was very important for Rabobank to find a respectable partner, who can further develop Bank BGZ's ambitions," said Berry Marttin, member of the executive board of Rabobank.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Xinhua News Agency.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/xinhua-news-agency/131205/rabobank-sells-bank-bgz-bnp-paribas-group" target="_blank">read more</a></p> BNP Paribas Investment Investment banks Xinhua News Agency Thu, 05 Dec 2013 14:16:09 +0000 Xinhua News Agency 6010114 at http://www.globalpost.com