ING Baring props up ties: AFCO purchase won't dilute Dhana Siam link

Article Abstract:

Investment banking firm ING Baring is finalizing agreements to acquire 70% of securities brokerage firm AFCO Securities Corp. ING Baring conducts its Thai securities trading through Dhana Siam Finance & Securities PCL and the its acquisition into AFCO is not expected to alter the relationship. The acquisition into AFCO gives ING Baring the needed leverage to enter the Thai securities market, where ING Baring is enabled as a sub-broker, dealer, underwriter and investment adviser, especially for institutional clients. ING Baring plans to use Dhana Securities for its retail brokerage needs.

Securities Dealers, Security brokers and dealers, Financial services industry, Financial services, Services, Investments, Thailand, Securities industry, ING Baring, AFCO Securities Corp., Dhana Siam Finance and Securities PCL

---

Request to foreign banks

Article Abstract:

THailand's central bank has sought additional credit lines from foreign banks that serve the Thai market. The additional credit would be used to help Thailand's financial institutions remain solvent, in conjunction with an international effort led by the International Monetary Fund to keep the country's economy from slumping any further. Institutions such as BankAmerica Corp., Chase Manhattan Corp., HSBC Holdings PLC, Standard Chartered PLC, Sakura Bank Ltd., and Deutsche Bank AG are among the foreign banks operating in Thailand.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Intnl Banking Services, International Trade Financing, Business Aid & Regulation NEC, Banking industry, Finance, Central banks, International banking, Thailand. Bank of Thailand, Business assistance, Citicorp, CCI, International banking facilities

---

Convertible bond funds offer combined benefits

Article Abstract:

The convertible bond market is often ignored by average investors. While they may find the bonds interesting, they tend to steer clear of these exotic instruments and just leave them to the experts. A number of global and Asian mutual funds can help such cautious investors to tap the market and take advantage of the benefits of both debt and equity that are offered by convertibles. These instruments are as stable and profitable as bonds, but they also generate higher returns when the stock gains.

Portfolio & Funds Management, Portfolio management, Convertible bonds

Similar abstracts:

• Abstracts: The reckoning. The philosopher-boss: Acer chairman makes hi-tech sound simple. Naming by numbers
• Abstracts: After turbulence, calm. Export data hint at rebound. Optimism holds despite export slippage
• Abstracts: Sakhalin carrier services an interesting destination. Can this be the Air China I used to know and love? Bluer skies on horizon for China Airlines
• Abstracts: Skeptics stick to Nifty 50 despite other stocks' gains: as hopes for economic stimulus are disappointed, investors put hopes on these tried and true
• Abstracts: Getting taste for global risk: investors in Japan react to dollar's recent drop. Japan stocks offer investors a hedge

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.