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News at a glance

  • News at a glance

    News at a glance

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A woman uses a phone at the lobby of a Singtel office in Singapore in this March 2010 file photo. 
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Challenges in emerging markets headlined results from telecom companies Telefonica and SingTel on Thursday, the first with work still do to in Brazil and the latter warning of slower-than-expected gains in India.
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Spain&#39;s Telefonica missed forecasts with a 2 percent rise in net profit to 1.66 billion euros ($2.11 billion) as the core profit margin at its Brazilian fixed-line business Telesp declined markedly.
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Brazil is the biggest contributor to Telefonica&#39;s Latin American strategic bet and it has seen vibrant results at mobile operator Vivo.
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<b>Picture by Reuters</b>
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    A woman uses a phone at the lobby of a Singtel office in Singapore in this March 2010 file photo.

    Challenges in emerging markets headlined results from telecom companies Telefonica and SingTel on Thursday, the first with work still do to in Brazil and the latter warning of slower-than-expected gains in India.

    Spain's Telefonica missed forecasts with a 2 percent rise in net profit to 1.66 billion euros ($2.11 billion) as the core profit margin at its Brazilian fixed-line business Telesp declined markedly.

    Brazil is the biggest contributor to Telefonica's Latin American strategic bet and it has seen vibrant results at mobile operator Vivo.

    Picture by Reuters

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The exterior of the New York Stock Exchange is seen in New York, in this March 2009 file photo. 
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Five US banks and four European lenders are being investigated by US authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.
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The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on May 13.
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New York Attorney General Andrew Cuomo&#39;s office issued subpoenas on Wednesday notifying the banks of his investigation, the NYT reported on its website, citing two people with knowledge of the probe.
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The probe&#39;s targets are Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Credit Agricole and Merrill Lynch, now owned by Bank of America, the report said.
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<b>Picture by Reuters</b>
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    The exterior of the New York Stock Exchange is seen in New York, in this March 2009 file photo.

    Five US banks and four European lenders are being investigated by US authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.

    The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on May 13.

    New York Attorney General Andrew Cuomo's office issued subpoenas on Wednesday notifying the banks of his investigation, the NYT reported on its website, citing two people with knowledge of the probe.

    The probe's targets are Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Credit Agricole and Merrill Lynch, now owned by Bank of America, the report said.

    Picture by Reuters

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A man uses an electronic machine to check a currency note at a money exchange shop in Siliguri in this February 5, 2008 file photo. 
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The rupee&#39;s stock-driven gains on May 13, on expectations of capital inflows, were offset by dollar demand from importers triggered by the euro&#39;s fall against the US currency.
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The partially convertible rupee ended at 45.08/09 per dollar, off a high of 44.94, but slightly stronger than 45.11/12 at close on May 12.
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The benchmark BSE share index rose 0.41 per cent, rising for the second straight day, as euro zone countries unveiled austerity measures, easing worries about a contagion effect from Greece&#39;s sovereign debt problems.
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<b>Picture by Reuters</b>
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    A man uses an electronic machine to check a currency note at a money exchange shop in Siliguri in this February 5, 2008 file photo.

    The rupee's stock-driven gains on May 13, on expectations of capital inflows, were offset by dollar demand from importers triggered by the euro's fall against the US currency.

    The partially convertible rupee ended at 45.08/09 per dollar, off a high of 44.94, but slightly stronger than 45.11/12 at close on May 12.

    The benchmark BSE share index rose 0.41 per cent, rising for the second straight day, as euro zone countries unveiled austerity measures, easing worries about a contagion effect from Greece's sovereign debt problems.

    Picture by Reuters

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A company logo of Standard Chartered bank is displayed during a news conference in Hong Kong April 29, 2010. 
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UK-based Standard Chartered&#39;s share sale in India will open from May 25 to 28, the bank said on May 13.
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The sale of shares through Indian Depositary Receipts (IDRs) will be the country&#39;s first such issue. StanChart will issue 240 million IDRs, with every 10 IDRs representing one share of Standard Chartered Plc., according to its red herring prospectus.
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The bank has hired UBS AG, Goldman Sachs, JM Financial Consultants, Bank of America-Merrill Lynch, Kotak Mahindra Capital and SBI Capital Markets to manage the offering.
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StanChart has appointed its STCI Capital Markets unit as a co-book running lead manager.
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<b>Picture by Reuters</b>
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    A company logo of Standard Chartered bank is displayed during a news conference in Hong Kong April 29, 2010.

    UK-based Standard Chartered's share sale in India will open from May 25 to 28, the bank said on May 13.

    The sale of shares through Indian Depositary Receipts (IDRs) will be the country's first such issue. StanChart will issue 240 million IDRs, with every 10 IDRs representing one share of Standard Chartered Plc., according to its red herring prospectus.

    The bank has hired UBS AG, Goldman Sachs, JM Financial Consultants, Bank of America-Merrill Lynch, Kotak Mahindra Capital and SBI Capital Markets to manage the offering.

    StanChart has appointed its STCI Capital Markets unit as a co-book running lead manager.

    Picture by Reuters

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