Finance

삼성증권은 이달 들어 새롭게 선보인 ‘슈퍼스텝다운형 ELS’에 400억이 넘는 자금이 몰리는 등 큰 인기를 얻고 있다고 25일 밝혔다.

‘슈퍼스텝다운형 ELS’는 투자 기간 중 원금손실 조건이 발생되는 주가 수준인 ‘하락배리어’를 없애고, 최종 만기 시 수익 지급 기준을 대폭 완화한 새로운 ELS유형으로 삼성증권이 지난 2월 9일 업계 처음으로 선보였다.

Singapore's United Overseas Bank, losing ground at home as HSBC Holdings and Citigroup expand, is seeking growth in China. Its biggest competitors there: HSBC and Citigroup.

"I'm not sure what advantages Singapore banks have," said Ho Kok Hua, fund manager at APS Asset Management in Singapore. "The opportunities in China are overblown. Competition is going to be very intense, and profitability will be a problem for most."

The Republic of the Philippines mandates three banks for a $500 million offering as the country's first public subordinated debt issue is priced.

After requesting that banks submit ideas for a new dollar bond, the Department of Treasury mandated three houses yesterday (Wednesday) for a $500 million 10-year deal. HSBC, Salomon Smith Barney and UBS Warburg won the books for an offering, which may launch as soon as today.

In the meantime, Metrobank successfully completed the Republic's first public subordinated debt transaction yesterday under the lead of UBS Warburg.

China is not ready to relax its rigid foreign exchange regime, despite a landmark stock market reform next month that could trigger an influx of overseas cash, economists said yesterday.

The imminent launch of a long-awaited scheme that allows qualified foreign institutional investors (QFII) to buy yuan-denominated A shares has prompted overseas foreign exchange markets to price in a more flexible and stronger yuan.

This is absolutely a joke.

WASHINGTON (AP) -- The bailout is now the hottest lobbying game in town.

Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.

The betting is that many with their hands out will be successful, especially with financial markets in a stomach-churning dive and predictions the economy is about to tumble into a deep recession.