(AFX UK Focus) 2008-11-19 09:26 Islamic finance body backs divisive sukuk ruling (Interactive Investor)
KUALA LUMPUR, Nov 19 (Reuters) - A ruling forbidding repurchase agreements in some Islamic bonds will help develop Islamic finance, an industry body said on Wednesday, offering support for a controversial view that has roiled the sukuk market. The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) said late last year about 85 percent of sukuk, or Islamic bonds, did ...
(AFX UK Focus) 2008-11-19 08:03 Market Chatter -- Corporate finance press digest (Interactive Investor)
LONDON, Nov 19 (Reuters) - The following corporate finance-related reports involving U.S. and European companies appeared in media on Wednesday: * Sumitomo Mitsui Financial Group said it would issue preferred securities in a fund-raising one newspaper put at $4.1 billion, becoming the latest Japanese bank to bolster its capital in the financial crisis.
Collins Stewart finance chief steps down (Financial Times)
Collins Stewart , the UK’s largest stockbroker, on Wednesday announced David Lindsay, finance director, was stepping down less than a month after the loss of its chief executive.
(AFX UK Focus) 2008-11-17 16:33 HSBC Finance debt protection costs jump after report (Interactive Investor)
NEW YORK, Nov 17 (Reuters) - The cost to insure the debt of HSBC Finance Corp, the U.S. consumer lending arm of HSBC Holdings PLC, jumped on Monday following a report that HSBC is mulling options for the lender. U.K. newspaper The Observer on Sunday reported that HSBC is mulling options including spinning off the unit, running off much of its business and a possible debt for equity swap with ...
(AFX UK Focus) 2008-11-18 09:05 Glance-Market Chatter -- Corporate finance press digest (Interactive Investor)
LONDON, Nov 18 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media on Tuesday:
