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Banking and insurance highlights to 09:15 BST


Published :
Tue, 27 Mar 2007 09:32
By : Agencies
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2007-03-27 09:00:07

MLP says Q1 on target, reiterates FY EBIT forecast

FRANKFURT (AFX) - MLP AG said business developed as scheduled in the first

quarter and reiterated its 2007 EBIT target of 110 mln eur after 84.9 mln eur

last year.

2007-03-27 08:46:05

OMX says no longer faces claims from eSpeed patent infringement dispute

STOCKHOLM (AFX) - OMX AB said the US Court of Appeals for the Federal

Circuit has upheld a lower court's decision not to support eSpeed's patent

infringement claim against it and as a result, it no longer faces any liability

claims.

2007-03-27 07:14:03

Malaysia's Hong Leong Bank, UBS to jointly develop Islamic products - report

KUALA LUMPUR (XFN-ASIA) - Hong Leong Bank Bhd and UBS will jointly develop

Sharia-compliant structured products in foreign currency catering for the local

market, the Bernama news agency reported, citing Hong Leong Islamic Bank

managing director Daud Abdullah.

2007-03-27 05:25:51

Qantas Airways plans daily New York flights from August

SYDNEY (XFN-ASIA) - Qantas Airways Ltd said it plans to increase its New

York flights from five a week to a daily service from August 14.

2007-03-27 01:40:51

China listed firms Feb equity proceeds 49.52 bln yuan, up 4,947.91 pct

BEIJING (XFN-ASIA) - Listed companies raised 49.52 bln yuan from the stock

market in February, up 4,947.91 pct year-on-year, the China Securities

Regulatory Commission (CSRC) said in a statement on its website.

2007-03-27 00:27:48

SEC sanctions Ernst & Young

WASHINGTON (AP) - Federal regulators censured accounting firm Ernst & Young

LLP on Monday and ordered it to pay $1.6 million to settle charges of

compromising its independence and contributing to faulty accounting by a client

in 2001.




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