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RE.B 89.40 -0.60 (-0.67%)
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HSBC Sells Stakes in Two Indian Banks
MUMBAI - A unit of HSBC Holdings PLC sold stakes in two Indian banks for around $425 million, HSBC said. The U.K.-based bank sold a 4.73% stake in India's third-largest nongovernment bank, Axis Bank Ltd.
News Corp. Offers Bid for Consolidated Media
s Australian unit has offered 1.97 billion Australian dollars (US$2 billion) to buy Consolidated Media Holdings Ltd. in a move that, if successful, would strengthen the company's interest in Australia's largest pay-television service just as it ...
Oil Giants Launch Bribe Probes
A nondescript office building in the heart of this 30,000-person town is now at the center of an unusual international investigation into allegations of bribery involving Eni SpA, Chevron Corp.
China's Banks Target Australia
... Barclays PLC, France's BNP Paribas SA, Cr�dit Agricole SA and Germany's WestLB AG accounted for about one-third of the local syndicated-loan market, according to Bank of America Merrill Lynch data.
RBS Glitch Highlights Banks' IT Challenges
LONDON—A computer glitch that left millions of Royal Bank of Scotland Group PLC clients without access to their money underscores the challenge that banks face as they try to offer cutting-edge online services to attract customers while keeping costs ...
Seeking a Wizard: Time to Embrace Market Risk, or To Run From It?
Analyst at HSBC Holdings PLC have looked at more than 30 types of assets around the world, ranging from stocks in the Dow Jones Industrial Average to natural gas and wheat, since the 1990s and found that correlations in the past few months to be the ...
Libor Process Under Review
Its members include Barclays, Credit Suisse Group AG, HSBC Holdings PLC, Lloyds Banking Group PLC and Royal Bank of Scotland Group PLC. The Barclays admission deepened longstanding criticism of how Libor and other interest rates are set.
Burger King Forms Deal to Expand in China
Burger King Worldwide Holdings Inc. formed a joint venture to open 1,000 restaurants in China in five to seven years as it attempts to gain ground in growth markets.
Ratings Cut for Giant Banks
On Thursday, it also cut the ratings of giant European banks with substantial trading operations, specifically Deutsche Bank AG, Barclays PLC, HSBC Holdings PLC, Credit Suisse Group AG, Royal Bank of Scotland Group PLC, BNP Paribas, Credit Agricole ...
Ferry Systems Look to Switch to Natural Gas
Rolls-Royce Holdings PLC is furnishing natural-gas engines for four new ferries being built for Norway's Torghatten Nord AS that will serve routes noted for their harsh conditions.