BNP Paribas

Europe Markets: European shares up for second session in three

European shares up for second time in three days France Telecom and TDC to merge Swiss ops; Compass Group profit up , MarketWatch LONDON (MarketWatch) -- European shares rose for the second time in three days on Wednesday, as...

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Weak Dollar Wednesday - Charging More For Less

The Pound ran up to $1.675 and, as soon as the Nikkei closed (up 40 points), the dollar dove to just 87.5 Yen. That sent gold flying up to $1,180, copper to $3.18 and silver to $18.80 but oil couldn’t get back over $76.50,...

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First Gulf Bank Prices 3-year $500m Bonds

DUBAI — UAE-based First Gulf Bank’s $500 million three-year bonds were priced at 250 basis points over mid-swaps, representing a coupon of 4 per cent, an executive of the bank said on Tuesday. The bonds were issued under FGB’s...

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Verdasco strives for fitness

Fernando Verdasco will be hoping to shake off some niggly injuries to take his place in the Spanish team to face Czech Republic in next week’s Davis Cup by BNP Paribas Final in Barcelona. Verdasco has been selected in the squad...

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UK recession eased more than first thought

The UK economy came slightly closer to pulling out of recession in the third quarter than first estimated, new figures showed today. Britain's gross domestic product shrank 0.3pc in the third quarter, slightly better than an...

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World stocks buoyed by US data as dollar slides

LONDON (AP) -- European stock markets rose and Wall Street was expected to open higher Wednesday after a batch of stronger than anticipated U.S. economic data on the eve of the Thanksgiving holiday....

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World stocks buoyed by Fed but dollar slides

LONDON - Sentiment in the markets was buoyed by further confirmation from the Fed that it plans to keep interest rates at "exceptionally low levels" for an "extended period" - currently the Fed funds rate stands at a range...

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Sundaram BNP Paribas launches Opportunities Fund

MUMBAI: Sundaram BNP Paribas Mutual Fund on Wednesday announced the launch of select thematic fund, PSU Opportunities Fund. The investment objective of this thematic fund would be to seek capital appreciation by investing...

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Tata Comm, Qatari co in pact for undersea cable

MUMBAI: Tata Communications has signed an agreement with the Qatar-based Qtel for a new undersea cable network that will connect a number of regional operators in the Gulf region with the country. “The enhanced capacity...

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IDBI scouting for buyouts

MUMBAI: After acquiring United Western Bank three years ago, IDBI Bank is now once more on the prowl for acquisitions. The bank has identified two Indian lenders as possible acquisition targets, its Chairman and Managing...

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