IBTimes Australia : Commerzbank Topic

U.S., China factories struggle; Fed hints at less stimulus

Fri, 24 May 2013 02:35:03 +1000

Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest pace since October, suggesting it may take a while before the global economy starts to pick up steam.

U.S., Chinese factories struggle, Fed hints at less stimulus

Fri, 24 May 2013 00:35:04 +1000

Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam.

Warning signs for China, Fed hints at curbing stimulus

Thu, 23 May 2013 20:56:03 +1000

Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday.

Global Markets Overview - 23 May 2013

Thu, 23 May 2013 11:37:41 +1000

Stocks ended Wednesday broadly lower after a rollercoaster day of trading, as investors sorted through mixed signals from the Federal Reserve on the outlook for monetary policy.

Europe banks hesitate to join rush for new share capital

Thu, 16 May 2013 20:28:02 +1000

A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros (5 billion pounds)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.

Commerzbank in talks to sell 5.7 billion euros of UK property loans

Tue, 14 May 2013 23:21:02 +1000

Commerzbank is in intensive talks to divest the bulk of its 5.7 billion euros (4.8 billion pounds) in British property loans, Germany's second biggest lender said in the prospectus of its capital increase published on Tuesday.

Commerzbank to start share sale mid-week - sources

Tue, 14 May 2013 00:28:01 +1000

Commerzbank AG will start its 2.5 billion euro (2.0 billion pounds) share sale this week, offering a hefty discount in a move designed to help repay state aid, two people familiar with the transaction told Reuters.

Stock futures dip after record high; retail sales on tap

Mon, 13 May 2013 21:35:01 +1000

Stock index futures dipped on Monday, indicating the S&P 500 may retreat from its most recent record high, ahead of data on retail sales.

Stocks retreat slightly from multi-year highs

Thu, 09 May 2013 20:07:02 +1000

Investors pulled some profits from soaring European and Japanese shares on Thursday, although a run of relatively upbeat economic data and continued support from central banks kept equities near multi-year highs.

HSBC profits nearly double as costs and bad debts fall

Tue, 07 May 2013 22:28:02 +1000

HSBC aims to keep the pressure on costs after first-quarter earnings nearly doubled due to the bank's three-year efficiency drive and a halving in bad debts charges.

HSBC Profit Surges to $8.4bn on Restructuring Gains

Tue, 07 May 2013 19:00:20 +1000

HSBC first-quarter profit almost doubles on gains from asset sale as part of a restructuring and 38,000 job cuts.

European Markets Gain as Investors Await Banks' Earnings Reports

Tue, 07 May 2013 17:28:58 +1000

Societe Generale profit halves, while Credit Agricole reports 51% profit decline.

Commerzbank posts smaller than expected Q1 loss

Tue, 07 May 2013 15:28:01 +1000

Commerzbank , Germany's second biggest lender, slipped to a net loss in the first quarter as its efforts to cut 4,000 to 6,000 jobs by 2016 weighed on earnings.

Costs centre stage for HSBC, French bank results

Tue, 07 May 2013 09:14:03 +1000

HSBC is expected to almost double first quarter profits to about $8 billion (5 billion pounds) on Tuesday helped by a fall in costs and bad debts and showing the benefits of a three-year restructuring that is nearly complete.

Commerzbank won't fight ruling in London bonus case

Fri, 03 May 2013 18:35:02 +1000

Commerzbank is dropping its efforts to fight a ruling that forces it to pay 104 London-based bankers around 52 million euros ($68 million) in bonuses, plus costs, after losing a high-profile appeal.

UK's return to growth blunts chances of more BoE bond buys - Reuters Poll

Thu, 02 May 2013 23:28:03 +1000

Britain's return to economic growth has reduced the likelihood the Bank will print more money this year to 55 percent from 60 percent, according to a Reuters poll that forecast no policy move next week.

Deutsche Bank hikes capital to strengthen balance sheet

Tue, 30 Apr 2013 04:28:03 +1000

Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro (2.3 billion pounds) capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.

Global shares rise, dollar falls on central bank expectations

Mon, 29 Apr 2013 20:56:02 +1000

World shares gained and the dollar fell on Monday as investors counted on easy money from the U.S. and euro zone central banks to offset the risk of further disappointing global economic data.

Germany's Commerzbank loses UK banker bonus appeal

Fri, 26 Apr 2013 19:07:04 +1000

Commerzbank, Germany's second-largest lender, on Friday lost a high-profile appeal against a UK court ruling that forces it to pay 104 London-based bankers around 52 million euros (44 million pounds) in bonuses, plus costs.

Euro, commodities recover on weak dollar, UK GDP to come

Thu, 25 Apr 2013 17:49:03 +1000

The euro and commodities gained ground on Thursday as evidence of a weakening U.S. economy put the dollar under pressure, while investors waited to find out whether Britain's stagnant economy had fallen back into recession.

Global shares up after data backs rate cut expectations

Wed, 24 Apr 2013 20:42:02 +1000

European shares built on their best day in seven months and the euro dropped to a three-week low on Wednesday after weak data bolstered expectations for a European Central Bank rate cut.

FTSE boosted by stimulus hopes and earnings

Wed, 24 Apr 2013 19:14:02 +1000

The FTSE 100 index edged higher on Wednesday following a big rise in the previous session as expectations that central banks will do more to boost growth continued to support equities.

German Business Confidence Falls in April as Core Europe Stalls

Wed, 24 Apr 2013 18:31:17 +1000

Bigger-than-expected fall in German business morale builds case for ECB interest rate move.

Bundesliga Round-Up: Schurrle and Lewandowski Fire As Top Four Race Heats Up

Mon, 22 Apr 2013 19:34:54 +1000

Schalke throw top four race wide open, as Bayern Munich and Borussia Dortmund assert their dominance in preparation for the Champions League semi final.

Cold weather hurts British retail sales

Thu, 18 Apr 2013 19:14:01 +1000

Unusually cold weather hurt British retail sales in March, but the fall was small enough to leave the possibility that the economy as a whole avoided shrinking in the first three months of the year.

Deutsche Bank caps co-CEOs 2013 pay at 9.85 million euros

Thu, 18 Apr 2013 02:49:01 +1000

Deutsche Bank AG's co-chief executives will have their total pay for 2013 capped at 9.85 million euros ($13 million) each, according to the agenda for the company's annual shareholders' meeting.

Global Markets Overview - 16 April 2013

Tue, 16 Apr 2013 11:34:08 +1000

U.S. stocks suffered steep declines Monday as a plunge in prices for gold and other commodities unnerved investors. Worse-than-expected data on Chinese and U.S. economic growth fueled the selloff, which began during Asian hours and spread around the globe.

Global Markets Overview - 15 April 2013

Mon, 15 Apr 2013 10:34:47 +1000

U.S. stocks traded in negative territory for most of the day Friday before paring losses late in the session to end off lows. The Dow Jones Industrial Average finished nearly flat, losing 0.08 point to 14865.06, far off the day's low of 14790.57.

Sterling to come under pressure from weak economy - Reuters poll

Thu, 04 Apr 2013 04:21:03 +1100

The battered British pound could lose more ground to the dollar as the Bank of England scrambles to put the economy on more solid footing, possibly with more asset purchases, a Reuters poll found on Wednesday.

Analysis: Bailout sends Cyprus on uncertain quest for new growth model

Thu, 04 Apr 2013 02:28:02 +1100

Cyprus's bank restructuring, a condition for international aid it needed to stave off bankruptcy, will force the Mediterranean island to scramble for new ways to generate wealth.