European, Asian Stocks Rise on Speculation Credit Worries Were Overdone

(Bloomberg) -- European stocks rebounded from a
five-day slide, while Asian shares climbed for a second day as
investors speculated declines have left global equities cheap
relative to prospects for earnings growth.

Aviva Plc, HSBC Holdings Plc and UBS AG led gains by
financial stocks in Europe. GlaxoSmithKline Plc, the region's
second-largest drugmaker, jumped after a panel of medical
specialists said its Avandia drug should remain on the U.S.
market. Olympus Corp. and Hang Seng Bank Ltd. paced gains in Asia
after the companies reported higher earnings.


Read more at Bloomberg Stocks News

European Stocks Rise, Paced by Aviva, UBS, GlaxoSmithKline, BHP Billiton

(Bloomberg) -- European stocks advanced for the
first time in six days on speculation shares have become cheap
relative to prospects for earnings growth.

Aviva Plc, HSBC Holdings Plc and UBS AG led financial stocks
higher. GlaxoSmithKline Plc, the region's second-largest
drugmaker, rose after a panel of medical specialists said its
Avandia drug should remain on the U.S. market. BHP Billiton Ltd.
and Rio Tinto Group gained on higher copper prices.


Read more at Bloomberg Stocks News

ANZ Pays $88 Million for 10 Percent Stake in Vietnam's Saigon Securities

(Bloomberg) -- Australia & New Zealand Banking Group
Ltd., Australia's third-largest lender, bought 10 percent of
Vietnam's Saigon Securities Inc., joining HSBC Holdings Plc and
Shinhan Bank in investing in the Southeast Asian nation.

Under the agreement, which is subject to regulatory approval
in Vietnam, ANZ will pay $88 million for the stake and may
appoint a representative to Saigon Securities' board, the
Melbourne-based bank said in a statement.


Read more at Bloomberg Emerging Markets News

JPMorgan adds HSBC banking head to sponsors group

(Reuters) - At HSBC Holdings Plc, Foussianes was head of its Americas
Global Banking group, overseeing investment banking, corporate
banking, leveraged finance and private equity. He was
previously a managing director in the M&A group at Goldman
Sachs, focusing on industrials and natural resources, according
to the memo. HSBC hired him in April 2005.




JPMorgan's sponsors group also hired James Gray from UBS,
where he was a managing director and founding member of the UBS
Financial Sponsor Group, according to the memo.


Read more at Reuters.com Mergers News