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Investorsbuzz


China’s CCB Q2 net up 20 percent

SHANGHAI/HONG KONG (Reuters) – China Construction Bank (CCB) , posted a 20 percent rise in second-quarter profit as the world’s second-biggest lender by market value seeks to raise $11 billion to fuel growth restrained by a weak capital base.

http://www.reuters.com/

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Campbell Soup may buy biscuit ops of United Biscuits:report

LONDON (Reuters) – Campbell Soup Co , the world’s largest soup maker, is considering making a 1.5 billion pound ($2.3 billion) break up bid for Britain’s United Biscuits, the Sunday Times reported.

http://www.reuters.com/

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China’s CCB posts 20 percent rise in Q2 net profit

HONG KONG (Reuters) – China Construction Bank (CCB) , the country’s second-biggest lender, posted a 20 percent rise in second-quarter profit on loan expansion and a recovery in interest margins.

http://www.reuters.com/

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Swatch Group chairwoman eyes record 2011: report

ZURICH (Reuters) – Swatch Group, the world’s largest watchmaker, is aiming for another record year in 2011 as new products come on to the market in the coming months, the group’s new chairwoman was quoted as saying on Sunday.

http://www.reuters.com/

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HSBC seen as front-runner to buy South Africa’s Nedbank: report

HONG KONG (Reuters) – HSBC Holdings Plc has emerged as the frontrunner to buy a controlling stake in Nedbank , South Africa’s fourth-largest bank, in a deal that could be announced as early as Monday, the Financial Times quoted people familiar with the talks as saying.

http://www.reuters.com/

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China bank property stress test finds risk: report

BEIJING (Reuters) – A 50-percent drop in China’s property prices will lead to a surge in bad real estate loans for Chinese lenders, a local newspaper reported, citing the results of the latest round of a Chinese bank stress test.

http://www.reuters.com/

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