HSBC Is Recruiting More Bankers in Push to Win Wealthy Customers in Japan

(Bloomberg) -- HSBC Holdings Plc, Europe's biggest
bank by market value, is recruiting bankers to provide asset
management and other services to wealthy clients in Japan.

HSBC, which opened its first Japanese branch in Yokohama in
1866, said it's seeking to hire branch managers, relationship
managers and service associates in Japan, in an advertisement
carried in yesterday's Nikkei newspaper.


Read more at Bloomberg Emerging Markets News

U.S. 10-Year Treasury Yield Is Near Two-Week High on Inflation Outlook

(Bloomberg) -- U.S. 10-year Treasury yields held
near their highest in two weeks on speculation increasing
employment and wages will keep the Federal Reserve from
cutting interest rates this year.

Inflation expectations among traders rose for a third
day. Ten-year notes yielded 2.41 percentage points more than
inflation-protected securities, versus 2.39 percentage points
a week ago. The difference represents the rate of inflation
investors expect for the coming decade.


Read more at Bloomberg Bonds News

Boeing unveils 787 Dreamliner amid order flurry

(Reuters) - The elaborate unveiling ceremony, at the company's Everett, Washington plant, gave the crowds their first full look at the mid-sized, long-range jetliner, which has sold well early on and is Boeing's first all-new plane in 12 years.




Thousands more watched the event -- hosted by former TV news anchor Tom Brokaw -- live at Qwest Field stadium in nearby Seattle, and Boeing broadcast the ceremony worldwide on satellite television.


Read more at Reuters.com Business News

FEATURE-Rural towns struggle in two-speed Britain

(Reuters) - "I want to go to university and stay there, wherever I am."




She is not alone. Thousands of young Britons are deserting
rural towns such as Melton in search for opportunity in bigger
cities such as London and Manchester.


Read more at Reuters.com Economic News

Chinatrust Financial, HSBC, Muhibbah, Posco: Asia Ex-Japan Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in Asian markets, excluding Japan, on July 9. This preview
includes news that broke after markets closed. Prices are from
the local market's last close. Stock symbols are in parentheses
after company names.

Chinatrust Financial Holding Co. (2891 TT): Chinatrust,
which owns Taiwan's largest credit-card issuer, posted a first
half profit of NT$8.17 billion ($249 million), the company said
in an e-mailed statement. The unaudited profit compares with a
loss of NT$2.25 billion in the same period a year earlier.
Chinatrust slipped 20 cents, or 0.8 percent, to NT$26.20.


Read more at Bloomberg Stocks News

ITW shares seen rising more than 20 pct: Barron's

(Reuters) - Shares in Illinois Tool Works, which have risen about 21 percent so far this year, closed on Friday at $55.81.




"It's exceptionally attractive," Barron's quotes Goldman Sachs analyst Deane Dray as saying. "It has had a nice pop, but has a lot more room to run."


Read more at Reuters.com Business News

Algeria, KBR sign $2.88 bln LNG plant deal

(Reuters) - Algerian state energy firm Sonatrach signed a $2.88 billion contract with U.S. firm KBR Inc

to build a liquified natural gas (LNG) plant at eastern Skikda port, a state-owned newspaper reported on Sunday.


Read more at Reuters Africa