World stock markets news summary (US, UK, Europe, Asia) (November 22. 2010)

Company News Rolls Royce – Co. said it has won an order from Air China worth USD 1.8bln to provide engines for 20 new aircraft. (RTRS) UK BP

- A federal officer asked a judge to revoke co.'s criminal probation stemming from a Prudhoe Bay oil spill in 2006, a move that could lay co. open to new penalties in addition to the conviction it received after the incident. (WSJ) Lloyds - Co. is estimated to have GBP 30bln of loans and assets in Ireland. (Sunday Express) In other news a member of the Independent Commission on Bank has warned the Co. could be earmarked for a breakup. (

) Anglo American – Co. plans to sell the Callide thermal coal mine in Queensland. (Sources) Tesco – Co. said the overall performance of the Asian businesses has continued to be strong. (Sources) Also, co. plans to quadruple revenue in China to about GBP 4bln over the next five years by more than doubling its number of hypermarkets to more than 200. (RTRS) Reed Elsevier – There is speculation the Co. may be broken up or bought by a PE firm. (Daily Express / Independent) US Equities finished in minor positive territory after opening lower following the surprise decision from the PBOC to raise their reserve ratio by 50 basis points. Stocks saw a late rally into the close and pared losses as hopes strengthened that Ireland will ask for an EU-IMF bailout. The basic materials and oil & gas outperformed in the S&P 500 as the USD index dipped into the close and prompted a rally in risky assets. At the closing bell the DJIA closed up 0.20% at 11203.55, the S&P 500 closed up 0.25% at 1199.73 and the NASDAQ 100 closed up 0.50% at 2135.27. US Banks - The top 35 US banks will be short of between USD 100bln – USD 150bln in equity capital after the new Basel III global bank regulations are imposed, with 90% of the shortfall concentrated in the biggest six banks, according to Barclays Capital. The BarCap study assumes the banks will need to hold top quality capital equal to 8% of their total assets, adjusted for risk. (Weekend FT) Genzyme – Co.

would consider a new deal structure that Sanofi has said it would be open to, according to people familiar with the matter. Co. has been holding internal discussions to consider the use of a contingent value right (

), which gave shareholders more value if the acquired company hits benchmarks. (WSJ)

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