Financial Services & Real Estate

UPDATE 1-HBOS sells stake in Rightmove for 59 mln stg 8:26am EDT

LONDON, May 16 (Reuters) - HBOS Plc , Britain's biggest mortgage lender, said on Friday it has sold its remaining 13 percent stake in property website operator Rightmove for 59.2 million pounds ($115.2 million). Full Article

UPDATE 1-HBOS sells stake in Rightmove for 59 mln stg 8:22am EDT

EIB plans to sell $3 bln 3-year bond -lead 7:54am EDT

LONDON, May 16 (Reuters) - The European Investment Bank [EIB.UL] plans to sell a $3 billion three-year bond, an official at one of the banks managing the sale said on Friday. Full Article

More Financial Services & Real Estate Articles

KKR hires Lazard exec to boost infrastructure biz 7:42am EDT

NEW YORK, May 16 (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co [KKR.UL] said on Friday it hired Lazard banker George Bilicic to lead a team that will focus on investing in infrastructure assets worldwide. Full Article

FTSE up 1.2 pct as bid talk buzzes, oils power on 7:40am EDT

LONDON, May 16 (Reuters) - Britain's blue-chip index rose 1.2 percent at midday on Friday, as bid activity powered British Energy and crude price stormed past $125 a barrel to inject zest into heavyweight oil shares. Full Article

New Issue-Standard Chartered prices $675 mln perp bond 7:35am EDT

May 16 (Reuters) -Following are terms and conditions of a Full Article

UPDATE 1-Pakistani shares close weaker after S&P downgrade 7:28am EDT

KARACHI, May 16 (Reuters) - Pakistani shares ended nearly two percent lower on Friday following a cut in the sovereign credit rating by Standard & Poor's the previous day, dealers said. Full Article

Indian shares rise 0.5 pct; banks, Rel Comm lead 7:28am EDT

MUMBAI, May 16 (Reuters) - Indian shares rose 0.47 percent on Friday to their highest close in nearly two weeks, led by banks and second-ranked mobile firm Reliance Communications and showing little discomfort at inflation nearing 8 percent. Full Article

MOVES-KKR, Hong Kong Exchanges, ABN AMRO 6:49am EDT

May 16 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, please e-mail moves@thomsonreuters.com. Full Article

Malaysia's MAA says AXA ends stake purchase talks 6:45am EDT

KUALA LUMPUR, May 16 (Reuters) - Malaysian financial services firm MAA Holdings has ended talks to sell a stake in Malaysian Assurance Alliance Bhd to AXA Pacific Holdings Ltd and Affin Holdings Bhd , MAA said on Friday. 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