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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Dec 03, 2012 at 02:52

Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

BP PLC

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  • Hindustan Times: BP has written to the Indian government saying it can add 15 trillion cubic feet to India’s gas reserves in the short and long run along with its partner Reliance Industries

HSBC Holdings PLC

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  • The Daily Telegraph: HSBC is preparing its first sale of sub-prime loans since the height of the financial crash, as Britain's largest bank begins to off-load more than $40 billion of toxic US debt it still holds on its books
  • Oman Daily Observer: HSBC Bank Oman SAOG has announced the successful completion of merger between HSBC Middle East Ltd’s operations in Oman with Oman International Bank
  • IndoLink: An HSBC plan to acquire RBS’ Indian retail and commercial banking business has failed to bear fruit, as the transaction deadline expired on Friday without the requisite conditions being met

Lloyds Group PLC

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  • MarketWatch: Lloyds Banking Group has agreed to sell a $493-million portfolio of Irish property loans to CarVal, an investment wing of grain trader Cargill Inc

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