Archive for September 17th, 2012

China's financail centre

China Construction Bank seeks acquisitions in Europe — report

Chinese lender China Construction Bank Corp (SHA:601939), or CCB, is interested in buying a European bank, or a minimum of 30% to 50% in one and has CNY100bn (USD15.8bn/EUR12.01bn) of cash available to finance a deal, according to chairman Wang […]

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Angela Merkel

Germany looks into planned merger of European defence giants EADS and BAE

The German government is currently looking into the details of the planned tie-up of European aerospace and defence group EADS NV (EPA:EAD) and British defence contractor BAE Systems

small business loans

Small businesses in UK still denied access to finance, says FSB

More than four in ten small firms in the UK have had their applications for business loans turned down, according to a new study from the Federation of


UPDATE 2: No problems with HSBC’s internet banking system

Banking giant HSBC has contacted Financial News and confirmed that there currently are no problems with the bank's internet banking system.

Nigel Hinshelwood, UK Retail Bank Chief Operating Officer


UPDATE 1: HSBC payments system back online

The HSBC internet payments system has been restored around midday on Monday, a source has confirmed. The bank has contacted Financial News in response to the story below,

Swiss banking

Swiss banks expect exodus as foreign tax authorities demand increased transparency

Swiss banks are expected to lose billions of francs in deposits and assets as cash-strapped European governments, struggling to balance their budgets, are applying pressure on Switzerland to


HSBC internet payments system crashes

HSBC Bank plc have experienced an internet banking failure today (17 September, 2012).  The bank is currently unable to process internet banking payments and any payments that have

stock market trading

European policymakers debate severe limits on high-frequency share trading

Welcome to the world’s most intense electronic battle. It’s waged on world stock markets and the ammunition is tiny fractions of pennies, fired through super-charged computers. The object

Boots pharmacy

Boots invests in Chinese pharmaceutical distributor Nanjing

Swiss pharmacy-led health and beauty group Alliance Boots GmbH said it would invest some GBP56m (USD91m/EUR69.2m) in Nanjing Pharmaceutical Company Ltd (SHA:600713) in exchange for a 12% stake


Sponsor Carlyle secures a deal to acquire Landmark Aviation

US private equity firm Carlyle Group LP (NASDAQ:CL) has revealed a deal to buy Texas-based business aviation services provider Landmark Aviation from investors GTCR LLC and Platform Partners

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