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IMF gloomy on growth 11:08am BST

TOYAKO, Japan (Reuters) - It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday.  Full Article

 
INTERVIEW - Axis CEO sees insurers' returns eroding 1:15pm BST 

HAMILTON, Bermuda (Reuters) - John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns.  Full Article 

EU to introduce legislation to oversee ratings agencies 8:42am BST 

BRUSSELS (Reuters) - European Union finance ministers agreed to introduce legislation to oversee credit rating agencies after the U.S. subprime crisis highlighted the industry's failures.  Full Article 

Market Movers

Symb 4 wk rating
change
Current mean
rating
IINq.L 4.00 to 1.00 Buy
PUDY.L 3.00 to 1.00 Buy
BRST.L 3.00 to 1.00 Buy
Symb 4 wk rating
change
Current mean
rating
JRVS.L 1.00 to 3.00 Hold
MNGS.L 3.00 to 5.00 Sell
WAGN.L 1.00 to 3.00 Hold
Symb Last Change Chg %
LSE.L 751.00 +80.00 +11.92
ALLL.L 237.75 +23.00 +10.71
LLOY.L 315.25 +29.50 +10.32
Data as of Wed Jul 9, 2008 1:53pm BST.
Symb Last Change Chg %
BG.L 1,164.00 -31.00 -2.59
CNE.L 2,735.00 -61.00 -2.18
WG.L 440.00 -9.75 -2.17
Data as of Wed Jul 9, 2008 1:53pm BST.
Events Dates
HSBC Holdings PLC HBC.DF Quarterly dividend for the period to 2008-09-30
Declaration:
May 06
Ex-Date:
May 21
Record:
May 23
Payable:
1:00am BST
HSBC Holdings PLC HBCYF.PK Quarterly dividend for the period to 2008-03-31
Declaration:
May 06
Ex-Date:
Record:
May 23
Payable:
1:00am BST
HSBC Holdings PLC HBCd.BA Quarterly dividend for the period to 2008-03-31
Declaration:
May 08
Ex-Date:
May 21
Record:
May 23
Payable:
1:00am BST
HSBC Holdings PLC HSBAEUR.Ip Quarterly dividend for the period to 2008-03-31
Declaration:
May 06
Ex-Date:
Record:
May 23
Payable:
1:00am BST
HSBC Holdings PLC HBC.BA Quarterly dividend for the period to 2008-03-31
Declaration:
May 08
Ex-Date:
May 21
Record:
May 23
Payable:
1:00am BST