ADR REPORT-ADRs fall as stimulus worry remains
May 24, 2013
NEW YORK, May 24 (Reuters) - U.S.-listed shares of foreign companies declined on Friday, on track for their fourth straight decline, on concerns a tapering program of stimulus measures by the U.S.... Read More
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HSBC urges acceleration of banking reform
May 24, 2013
HSBC's Chairman Douglas Flint said on Friday the pace of reform in the banking industry must be accelerated to avoid investor confidence in the sector being undermined. Read More
from FOX News
PRESS DIGEST - British Business - May 24
May 23, 2013
May 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Read More
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HONG KONG, May 23 (Reuters) - Langham Hospitality Investments, an investment trust controlled by property developer Great Eagle Holdings Ltd, raised about $550 million in an IPO on Thursday, the first... Read More
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companyNews
WASHINGTON, May 22 (Reuters) - A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in... Read More
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companyNews
State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading... Read More
from FOX News
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NEW YORK, May 20 (Reuters) - The decision by U.S. prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is... Read More
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companyNews
HONG KONG, May 20 (Reuters) - Hengan International Group , a Chinese diaper and sanitary napkin maker, plans to raise up to $550 million from an issue of five-year convertible bonds, IFR reported on... Read More
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companyNews
LONDON, May 20 (Reuters) - John Thornton, the former Goldman Sachs president who specialises in Chinese affairs, is stepping down from the board of HSBC to spend more time on his other business... Read More
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companyNews
UBS names Sylvia Coutinho as head of Brazilian unit
May 20, 2013
SAO PAULO, May 20 (Reuters) - UBS AG on Monday appointed Sylvia Coutinho as chief executive officer for its unit in Brazil, where the bank is stepping up its focus on brokerage and advisory work. Read More
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NEW YORK, May 17 (Reuters) - The U.S. Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering at the Canadian bank's Chicago branch. Read More
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companyNews
By Saikat Chatterjee HONG KONG, May 16 (Reuters) - Despite recent volatility in the offshore yuan market, the demand for bonds denominated in the Chinese currency is likely to remain strong as the... Read More
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companyNews
PRESS DIGEST - British Business - May 16
May 15, 2013
May 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Read More
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companyNews
PRESS DIGEST - Financial Times - May 16
May 15, 2013
May 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Read More
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companyNews
HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. Read More
from FOX News
The chief executive of Societe Generale's Russian unit was detained on Wednesday on suspicion of taking bribes, dealing a blow to one of the few foreign banks that has dared to challenge Russia's... Read More
from FOX News
Britain's biggest banks were spared a full-blown inquiry into the personal current account market after the consumer watchdog said changes already being implemented could stimulate competition in the... Read More
from FOX News
HONG KONG/LONDON, May 15 (Reuters) - HSBC plans to cut annual costs by up to another $3 billion and may axe a further 14,000 jobs as Europe's biggest bank strives to drive profits in the face of... Read More
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companyNews
HSBC said hitting its profitability target this year will be a challenge as the run-off of its U.S. loan book remains a drag, but it said it would stick with its goal to get return on equity (RoE) over... Read More
from FOX News
HSBC may cut up to 14,000 more jobs: slides
May 15, 2013
HSBC could cut another 14,000 jobs as part of the next phase of its plan to cut up to $3 billion more in annual costs and slim down, it said on Wednesday. Read More
from FOX News
HSBC may cut up to 14,000 more jobs -slides
May 15, 2013
LONDON, May 15 (Reuters) - HSBC could cut another 14,000 jobs as part of the next phase of its plan to cut up to $3 billion more in annual costs and slim down, it said on Wednesday. Read More
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companyNews
HSBC said on Wednesday that the bank would target an additional $2 billion to $3 billion in cost savings between 2014 and 2016, as the bank axes jobs and sells noncore businesses with less than a year... Read More
from FOX News
MUMBAI/BANGALORE, May 15 (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of... Read More
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Barclays Plc , the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money... Read More
from FOX News
PRESS DIGEST - British Business- May 13
May 12, 2013
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companyNews
HSBC Chief Executive Stuart Gulliver will update investors on Wednesday on how he is doing in meeting his targets more than two years into a 3-year restructuring plan at Europe's biggest bank. Read More
from FOX News
PRESS DIGEST - Sunday British Business - May 12
May 12, 2013
LONDON, May 12 (Reuters) - British newspapers reported the following business stories on Sunday: Read More
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companyNews
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