Financial Services & Real Estate

Over $200 bln to flow into Asia hedge funds-Deutsche 10:59pm EDT

SINGAPORE, May 13 (Reuters) - Investors may pile more than $200 billion into hedge funds focused on Asia excluding Japan this year, betting on emerging markets despite concerns about the global economy and waning risk appetite, Deutsche Bank said. Full Article

Nikkei up 0.6 pct, exporters gain on softer yen 10:45pm EDT

TOKYO, May 13 (Reuters) - Japan's Nikkei share average rose 0.6 percent on Tuesday, tracking overnight gains on Wall Street, led by exporters such as Canon Inc on a softer yen. Full Article

HK Hot Stocks: Chalco & Tencent up, PICC down 10:41pm EDT

HONG KONG, May 13 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday. Full Article

More Financial Services & Real Estate Articles

Seoul shares inch up; shipbuilders suffer 10:32pm EDT

SEOUL, May 13 (Reuters) - Seoul shares inched up on Tuesday, with gains by technology shares on the U.S. semiconductor index's advance overnight marginally outweighing losses by shipbuilders and refiners on rising commodities prices. Full Article

StanChart picks banks for hybrid issue -source 10:21pm EDT

HONG KONG, May 13 (Reuters) - Standard Chartered Plc has chosen Credit Suisse , Merrill Lynch , Standard Chartered and UBS to manage a dollar-denominated perpetual hybrid security issue, a source close to the deal said on Tuesday. Full Article

Nikkei up 0.6 pct, exporters gain on softer yen 10:08pm EDT

TOKYO, May 13 (Reuters) - Japan's Nikkei share average rose 0.6 percent on Tuesday, tracking overnight gains on Wall Street, led by exporters such as Canon Inc on a softer yen. Full Article

Hong Kong stocks rise, but China's earthquake weigh 10:08pm EDT

HONG KONG, May 13 (Reuters) - Hong Kong blue chips rose on Tuesday, led by heavyweight HSBC Holdings after it posted better-than-expected results, but several companies which are based in China's Sichuan province have suspended trading after a massive earthquake there. Full Article

Thai stocks seen rebouding, Banks, energy in focus 10:06pm EDT

BANGKOK, May 13 (Reuters) - Thai stocks are expected to recover from a two-day falling streak on Tuesday after a rebound on Wall Street and other Asian markets, analysts said. Full Article

RPT-Westpac targets cost-income ratio below 40%-CFO 9:57pm EDT

SYDNEY, May 13 (Reuters) - Westpac Banking Corp Ltd would target a cost-to-income ratio below 40 percent after its A$18.6 billion ($17.6 billion) takeover of St George Bank Ltd , said Phil Coffey, the bank's chief financial officer. Full Article

UPDATE 2-Australia's Westpac bids $17.6 bln for St George 9:54pm EDT

SYDNEY, May 13 (Reuters) - Westpac Banking Corp Ltd launched a $17.6 billion all-share bid for smaller rival St George Bank Ltd in a tie-up that would create Australia's biggest bank by market value. Full Article

Market Update

Exchanges and Trading Summit

Execs defend humans in high-tech markets Friday, 9 May 2008 08:04pm EDT

NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article

NASDAQ OMX backs Paulson rules blueprint

New trading platforms challenge LSE