 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Hong Kong (AFP) Dec 2, 2010 Asia-Pacific's investment banks have posted record revenues in 2010, skyrocketing about 33 percent over last year, industry data showed Thursday, as the region benefits from soaring investor interest. The sector's revenue excluding Japan has reached an all-time high of 9.17 billion US dollars so far this year, overtaking the previous peak of 9.09 billion US dollars in 2007, industry data providers Dealogic told AFP. The region's latest revenues also increased by about a third over last year's 6.91 billion US dollars, according to Dealogic figures. China's growth contributed significantly to total investment banking revenue in Asia Pacific, with the country accounting for 51 percent of the region's total income, up sharply from 35.5 percent last year. China was followed by Australia, India, Hong Kong and South Korea, Dealogic said, adding that the data include revenue from deals in the equity and debt markets as well as mergers and acquisitions. Asia-Pacific's revenues still lag behind that of investment banks in the United States and Europe, but it was the only region among the three to post a year-on-year increase as of Wednesday. US investment-banking revenues in the year-to-date stand at 20.58 billion US dollars, slightly below 21.02 billion US dollars last year. In Europe, investment-banking revenues dropped sharply to 13.16 billion US dollars from 18.61 billion US dollars in 2009 as the eurozone's debt problems dent investor confidence.
Share This Article With Planet Earth
Related Links The Economy
Motorola mobile division expects first quarter lossNew York (AFP) Dec 1, 2010 US handset maker Motorola said Wednesday it expects to ring up another loss in its mobile phone division next quarter. "We expect a loss in mobile devices in Q1," Motorola co-chief executive Sanjay Jha told financial analysts, although he said he expected it would be "significantly improved from a year ago." As for the current quarter, Jha said it is "proceeding quite well." Motorola ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
