Posts Tagged ‘Focus’

(AFX UK Focus) 2010-02-12 15:25 EIB approves 400 mln euro loan to Saab cars

(AFX UK Focus) 2010-02-12 15:25 EIB approves 400 mln euro loan to Saab cars
STOCKHOLM, Feb 12 (Reuters) – The European Investment Bank said on Friday it had authorised a 400 million euro ($546.9 million) loan to Saab cars, being bought by Dutch sportscar firm Spyker from U.S. parent General Motors. “The EIB has confirmed the authorisation to conclude the 400 million euro loan to SAAB Automobile AB … and to conclude the guarantee agreement with the Swedish National …

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(AFX UK Focus) 2010-02-03 16:55 Freddie Mac, FHLB, Fannie Mae 2010 note calendar

(AFX UK Focus) 2010-02-03 16:55 Freddie Mac, FHLB, Fannie Mae 2010 note calendar
Feb 3 (Reuters) – The following are scheduled sales announcement dates for potential Freddie Mac reference, Fannie Mae benchmark notes and Federal Home Loan Bank (FHLB) global note offerings in 2010.

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(AFX UK Focus) 2010-02-03 03:46 UPDATE 1-China banks call back loans to satisfy regulators

(AFX UK Focus) 2010-02-03 03:46 UPDATE 1-China banks call back loans to satisfy regulators
BEIJING, Feb 3 (Reuters) – Two of China’s biggest banks aggressively called back loans in the second half of January to fall into line with the government’s directive to slow lending, local media reported on Wednesday. Regulators have also issued banks with strict lending quotas and begun demanding daily notification of loan volumes in order to avoid a start-of-year credit surge and keep lending …

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(AFX UK Focus) 2010-01-25 16:24 RLPC-Mubadala in talks over $2 bln loan refinancing-bankers

(AFX UK Focus) 2010-01-25 16:24 RLPC-Mubadala in talks over $2 bln loan refinancing-bankers
LONDON, Jan 25 (Reuters) – Abu Dhabi government-owned Mubadala Development Company is in talks with banks to refinance a $2 billion syndicated loan that matures in April, banking sources close to the deal said. The loan will be one of the first for a Gulf-based company since Dubai shocked world markets on Nov. 25 when it requested a standstill on $26 billion worth of debt owed by state-owned …

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(AFX UK Focus) 2010-01-27 10:29 Norway c.bank chief says some mortgage ratios high

(AFX UK Focus) 2010-01-27 10:29 Norway c.bank chief says some mortgage ratios high
OSLO, Jan 27 (Reuters) – The Norwegian central bank chief said in a speech on Norwegian housing finance on Monday that loan-to-value ratios were in some cases alarmingly high. “I think it’s fair to say that housing finance in Norway is in its infancy,” the published text to Governor Svein Gjedrem’s speech said.

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(AFX UK Focus) 2010-01-26 12:35 UPDATE 1-Regions posts net loss on credit losses

(AFX UK Focus) 2010-01-26 12:35 UPDATE 1-Regions posts net loss on credit losses
CHARLOTTE, N.C., Jan 26 (Reuters) – Regions Financial Corp reported a larger-than-expected fourth-quarter net loss on Tuesday as the bank continued to struggle with loan losses. The Birmingham, Alabama-based bank said its net loss had narrowed to $606 million, or 51 cents per share, from $6.2 billion, or $9.01 per share, a year earlier. The results missed the analysts’ average loss estimate of …

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(AFX UK Focus) 2010-01-19 10:18 RLPC-Borse Dubai gets loan extended to Feb 2011-bankers

(AFX UK Focus) 2010-01-19 10:18 RLPC-Borse Dubai gets loan extended to Feb 2011-bankers
LONDON, Jan 19 (Reuters) – State-run Borse Dubai will extend its $2.5 billion syndicated loan for one year to February 2011, taking some of the pressure off the emirate’s immediate debt repayment concerns, banking sources close to the deal said. Borse Dubai raised the financing in February 2009 with a one-year maturity, but the deal included a one-year extension option at the borrower’s behest …

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(AFX UK Focus) 2010-01-20 14:53 German savings banks expect loan loss rise in 2010

(AFX UK Focus) 2010-01-20 14:53 German savings banks expect loan loss rise in 2010
FRANKFURT, Jan 20 (Reuters) – Markdowns on problem loans at Germany’s conservative savings banks are expected to double in 2010 compared with 2008 levels, reflecting the severity of the economic downturn in Europe’s largest economy. Werner Netzel, a board member of savings banks association DSGV, said markdowns as a proportion of total assets looked set to rise to 0.4 percent in 2010 from 0.3 …

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(AFX UK Focus) 2010-01-18 06:24 Nikkei slips 1.2 pct after JPMorgan; techs fall

(AFX UK Focus) 2010-01-18 06:24 Nikkei slips 1.2 pct after JPMorgan; techs fall
TOKYO, Jan 18 (Reuters) – Japan’s Nikkei average fell 1.2 percent on Monday, hit by broad selling after JPMorgan Chase & Co reported hefty fourth-quarter loan losses, raising concern that the market’s recent rally may be overdone. Political uncertainty also weighed on investor confidence, with investors worried a funding scandal linked to a ruling party executive may hamper parliamentary debate …

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(AFX UK Focus) 2010-01-13 14:11 UPDATE 1-Turkish assets rise on upgrade hopes

(AFX UK Focus) 2010-01-13 14:11 UPDATE 1-Turkish assets rise on upgrade hopes
ISTANBUL, Jan 13 (Reuters) – Turkish assets made strong gains on Wednesday on market talk that ratings agency Standard & Poor’s could join Moody’s and Fitch in giving a lift to Turkey’s credit rating. Expectations of an upgrade gave investors fresh direction as they tried to decipher mixed signals coming from the government regarding a possible stand-by loan agreement between Ankara and the …

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