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HSBC Bought Back 3.1 Million Shares For HK$200.9 Million - HKEX Filing

BRIEF-HSBC Bought Back 3.1 Million Shares For HK$200.9 Million - HKEX Filing Aug 13 (Reuters) - HKEX Filing: HSBC BOUGHT BACK TOTAL 2 MILLION SHARES ON OTHER STOCK EXCHANGES FOR GBP13 MILLION ON AUG 12- HKEX FILING HSBC BOUGHT BACK 3.1 MILLION SHARES FOR HK$200.9 MILLION ON AUG 12 - HKEX FILING Further company coverage: 0005.HK
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China's outbound investing quota crunch spurs foreign asset managers to get creative

China's outbound investing quota crunch spurs foreign asset managers to get creative Offshore investment flows surge as China growth weakens Total quotas set at $167 billion as of end-July Subscription caps, quota redistributions help ease crunch By Selena Li and Alessandro Diviggiano HONG KONG, Aug 13 (Reuters) - Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas despite the recent selloff in the
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Barclays scraps EU bonus cap for senior bankers

UPDATE 1-Barclays scraps EU bonus cap for senior bankers Adds details By Lawrence White LONDON, Aug 8 (Reuters) - Barclays BARC.L has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo seen by Reuters showed on Thursday. The lender's senior bankers will now be able to earn payouts of up to 10 times their base salary, up from a two-to-one ratio previously imposed by the European Union back in 2014 when the UK was a member.
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Barclays scraps EU bonus cap for British bankers

Barclays scraps EU bonus cap for British bankers LONDON, Aug 8 (Reuters) - Barclays BARC.L has become the latest bank to drastically revise a cap on bonuses for its top bankers in Britain, an internal memo seen by Reuters showed on Thursday. The lender's senior bankers will now be able to earn payouts of up to 10 times their base salary, up from a two-to-one ratio previously imposed by the European Union back in 2014 when the UK was a member.
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DBS CEO aces succession, sets high bar

RPT-BREAKINGVIEWS-DBS CEO aces succession, sets high bar The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to add RICs. By Anshuman Daga SINGAPORE, Aug 8 (Reuters Breakingviews) - Piyush Gupta is going out on a high, and in style. He is stepping down from DBS Group DBSM.SI after nearly 15 years as CEO. The Indian-born put Singapore's $72 billion lender on the Asian map, led it to deliver stellar shareholder returns, and has pulled off a flawless success
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Indian bond yields flat, traders await cenbank's liquidity guidance

INDIA BONDS-Indian bond yields flat, traders await cenbank's liquidity guidance By Dharamraj Dhutia MUMBAI, Aug 8 (Reuters) - Indian government bond yields were barely changed in early trading on Thursday, as traders awaited commentary from the Reserve Bank of India for liquidity management along with its monetary policy decision. The benchmark 10-year yield IN071034G=CC was at 6.8624% as of 9:40 a.m.
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DBS CEO aces succession, sets high bar

BREAKINGVIEWS-DBS CEO aces succession, sets high bar The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to add RICs. By Anshuman Daga SINGAPORE, Aug 8 (Reuters Breakingviews) - Piyush Gupta is going out on a high, and in style. He is stepping down from DBS Group DBSM.SI after nearly 15 years as CEO. The Indian-born put Singapore's $72 billion lender on the Asian map, led it to deliver stellar shareholder returns, and has pulled off a flawless succession
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London's FTSE 100 extends recovery to second day on financials, corporate earnings boost

UPDATE 1-London's FTSE 100 extends recovery to second day on financials, corporate earnings boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 1.8%, FTSE 250 adds 1% Banks and financial services stocks lead broad gains TP ICAP surges after a rise in half-year pre-tax profit Updated at 1600 GMT By Pranav Kashyap and Medha Singh Aug 7 (Reuters) - London stocks broadly rose for a second straight session on Wednesday, with gai
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HSBC Wealth picks hedge funds as volatility rises

LIVE MARKETS-HSBC Wealth picks hedge funds as volatility rises Main U.S. indexes advance; Nasdaq out front, up ~1.8% Tech leads S&P 500 sector gainers; Healthcare sole loser Euro STOXX 600 index up ~1.5% Dollar, gold up; bitcoin, crude both up >1% U.S. 10-Year Treasury yield rises to ~3.94% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Another tech buyer comes into the open

LIVE MARKETS-Another tech buyer comes into the open STOXX Europe 600 up 1.1% Novo Nordisk trims profit outlook Banks up after 5-day losing streak Wall Street futures gain, tech up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . ANOTHER TECH BUYER COMES INTO THE OPEN Barclays believes leveraged positions haven't all been cleared out and "erratic" price action is likely to contin
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Admiral Group, IAG, Keller Group

EUROPE RESEARCH ROUNDUP- Admiral Group, IAG, Keller Group Aug 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral Group, IAG and Keller Group, on Wednesday. HIGHLIGHTS * Admiral Group Plc ADML.L : HSBC raises target price to 2700p from 2625p * IAG ICAG.L : Citigroup raises target price to 245p from 225p * Keller Group Plc KLR.L : Deutsche Bank raises target price to 1800p from 1550p * OCI NV OCI.AS : JP Morgan raises to overw
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Legal & General profit tops forecast, helped by annuity sales

UPDATE 2-Legal & General profit tops forecast, helped by annuity sales Adds CEO comment in paragraph 6, shares and analyst in 11 By Carolyn Cohn LONDON, Aug 7 (Reuters) - Legal & General LGEN.L reported a 1% rise in first-half core operating profit to 849 million pounds ($1.1 billion) on Wednesday, exceeding analyst expectations, following record sales of individual annuities over the period.
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British Business - August 7

PRESS DIGEST-British Business - August 7 Aug 7 (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. The Times - British Prime Minister Keir Starmer said sufficient police would be on the streets to handle anti-Muslim and anti-immigrant riots in the coming days as he sought to reassure communities braced for more violent protests on Wednesday.
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Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says

Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says By Harry Robertson LONDON, Aug 6 (Reuters) - The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC's private bank said on Tuesday. The tech-focused U.S. Nasdaq 100 index .NDX dropped 3% on Monday, as investors fretted about the U.S.
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Dollar poised for comeback, recent weakness just a hiccup

POLL-Dollar poised for comeback, recent weakness just a hiccup reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll data By Sarupya Ganguly BENGALURU, Aug 6 (Reuters) - The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in too many Federal Reserve interest rate cuts this year, a Reuters poll of foreign exchange strategists found.
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Palantir Technologies advances on second FY revenue forecast raise driven by AI demand

BUZZ-Palantir Technologies advances on second FY revenue forecast raise driven by AI demand ** Shares of data analytics firm Palantir Technologies PLTR.N gain 8.8% to $26.20 premarket ** Co lifts annual revenue forecast to the range of $2.74-$2.75 bln, from earlier forecast of $2.68-$2.69 bln ** PLTR's second forecast raise this year indicates generative AI boom is driving demand for co's software services ** Q2 results also beat estimates, logs largest ever quarterly profit ** Jefferies highlig
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UK Stocks-Factors to watch on Aug 6

UK Stocks-Factors to watch on Aug 6 Aug 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 1.2%. * IHG: Holiday Inn-owner InterContinental Hotels Group IHG.L reported a 3.2% rise in revenue per available room (RevPAR) in the second quarter as a strong rebound in the United States offset weakness in China.
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Top UK lenders could be wound down in a crisis without bailouts, BoE checks show

UPDATE 3-Top UK lenders could be wound down in a crisis without bailouts, BoE checks show Adds more detail on outcome of checks in paragraphs 6-8 By Huw Jones LONDON, Aug 6 (Reuters) - Britain's top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second 'resolvability' check of the lenders.
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Britain's top lenders could be dismantled smoothly in a crisis, says Bank of England

Britain's top lenders could be dismantled smoothly in a crisis, says Bank of England LONDON, Aug 6 (Reuters) - Britain's top eight banks could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second 'resolvability' check of the lenders. Being able to "resolve" or shutter an ailing major bank without destabilising the financial system or calling on taxpayers was a core lesson from the global financial crisis of 2007-09, when
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