Banking and insurance highlights to 09:15 GMT

Banking and insurance highlights to 09:15 GMT

	Published : Tue, 23 Jan 2007 10:32 By : Agencies Print this Story

2007-01-23 08:41:23

Vienna Insurance Group to raise 2006 div on 30 pct pretax profit increase

VIENNA (AFX) - Wiener Staedtische Versicherung (Vienna Insurance Group) said

today it will raise its full year dividend to 0.80 eur from 0.66 eur after

posting an increase of over 30 pct in preliminary pretax profit for 2006 of

between 315-320 mln eur.

2007-01-23 06:53:29

Osaka bourse to launch trading in funds linked to Chinese, Indian stock indices

TOKYO (XFN-ASIA) - The Osaka Securities Exchange will introduce trading in

funds linked to the Chinese and Indian stock indices and to gold prices and

interest rates, in response to investor demand, the bourse said.

2007-01-23 06:09:51

France's BNP Paribas backs Vietnam's first oil refinery - official

HANOI (XFN-ASIA) - French bank BNP Paribas has agreed with Vietnam's finance

ministry to a 13-year 300 mln usd deal to build the country's first oil

refinery, official sources said.

2007-01-23 02:56:44

SKorea's Hyundai Heavy forms LNG engine jv with Finland's Wartsila

SEOUL (XFN-ASIA) - Hyundai Heavy Industries Co said in a media release it

has signed a contract with Finland's Wartsilz to establish a joint venture to

produce advanced dual-fuel engines for LNG carriers in a bid to expand its

global leadership in this market.

2007-01-23 02:25:27

Vietnam to retain 49 pct foreign-ownership limit for listed firms

HONG KONG (XFN-ASIA) - Vietnam will keep a 49 pct foreign-ownership limit

for listed companies, the Wall Street Journal quoted the country's deputy

finance minister Tran Xuan Ha as saying.

2007-01-23 01:31:30

China eases capital requirement for derivative-trading permits - report

SHANGHAI (XFN-ASIA) - China has lowered the minimum capital requirement for

brokers to apply for derivative-trading licenses, but also required them to

deposit client funds at third-party banks, the Shanghai Daily reported, citing

industry sources.