Sumitomo Mitsui aims to boost overseas loans

Source: Bloomberg
Sumitomo Mitsui Trust Holdings which is the fourth largest Japanese lender by market value is considering to increase the size of foreign loans by 32% through 2012. The target would expand bank's abroad lending by JPY 900 billion to JPY 2.8 billion. Japanese banks are gaining market share in Europe as region's lenders are struggling with European debt crisis.
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Wed, 20 Jun 2012 11:27:07 GMT

Crude futures decline as nuclear tensions in Iran ease

Futures for crude dropped in Asian trading hours on Wednesday, after China and U.N. Security Council nations agreed to continue talks with oil-rich Iran. On the NYMEX, Augusts delivery futures for light, sweet crude were traded at USD84.09 per barrel, easing 0.30% in the Asian trade. Earlier, contracts reached a session high at USD84.53.

Wed, 20 Jun 2012 08:00:01 GMT

European markets finish in green area on Tuesday

European equities closed mostly up on Tuesday lifted by resource shares as Spain managed to successfully sell bonds. Stoxx Europe 600 soared 1.6%, British FTSE 100 added 0.4% and German DAX jumped 1.8%. French CAC 40 index rallied 1.7% while Spanish IBEX gained 2.7%. Athens General Index rocketed 3.8%.

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