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HSBC urges acceleration of banking reform
ReutersLONDON (Reuters) - 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. "We have a once-in-a-generation opportunity to reform banking...Tags: Investments
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HSBC leads European shares lower in jittery trade
Reuters* FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct * HSBC drags indexes on fears about U.S. case settlement * Selling pressure piles up as indexes test support By Francesco Canepa LONDON, May 24 (Reuters) - European shares edged lower on Friday,...Tags: United Kingdom, Germany, Federal Reserve
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UPDATE 1-Taiwan chops 2013 GDP growth forecast to 2.4 pct
Reuters* Cuts 2013 GDP forecast from 3.59 pct * Q1 GDP pace raised to 1.67 pct y/y from 1.54 pct * 2013 inflation seen at 1.23x pct vs 1.37 pct previously TAIPEI, May 24 (Reuters) - Taiwan slashed its 2013 economic growth outlook on Friday, showing...Tags: China, Weather Reports, Taipei (Taiwan), Weather, Taiwan
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GLOBAL MARKETS-Asian stocks shaky, Nikkei still seen vulnerable
Reuters* Nikkei down 0.6 pct, erases earlier gains * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro as Nikkei trims gains By Ian Chua SYDNEY, May 24 (Reuters) - Japanese stocks turned negative on Friday and the yen reversed...Tags: Shinzo Abe, Japan, Ben Bernanke, Nikkei, Money and Monetary Policy
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GLOBAL MARKET-Volatile Nikkei keeps Asian stocks on edge
Reuters* Nikkei ends a seesaw day up 0.9 pct * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro on turbulent Nikkei * European stocks expected to fare better By Ian Chua SYDNEY, May 24 (Reuters) - Asian stocks fell to one-month...Tags: CNBC (tv network), Ben Bernanke, Sydney (Australia), Globalization, Money and Monetary Policy
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MOVES-Morgan Stanley, JPMorgan Chase, HSBC Holdings
ReutersMay 23 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. MORGAN STANLEY The bank's head of fixed income, Ken deRegt, is retiring from the...Tags: Politics, Goldman Sachs Group, Inc., Morgan Stanley Dean Witter & Company, Parties and Movements, JPMorgan Chase & Co.
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COMMODITIES-Oil cuts loss, shadowing Wall St rebound; copper down
Reuters* Oil erases bulk of early loss, rebounding with US stocks * Gold up after Fed official says no hurry to ditch stimulus * Copper slumps on weak China manufacturing activity data * Soybeans hits 8-month high; coffee, raw sugar up too By Barani Krishnan...Tags: Ben Bernanke, Thomson Corporation, Federal Reserve, Casino and Gambling Industry, Metal and Mineral
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GLOBAL MARKETS-Asian stocks steadier, Nikkei bounces back
Reuters* Nikkei up 3 pct in early trade, following 7.3 pct fall * Asian stocks outside Japan steadier after drop * Yen softer, reversing Thursday's gains * MSCI ex-Japan edges up By Ian Chua SYDNEY, May 24 (Reuters) - Asian shares opened cautiously higher...Tags: Tokyo (Japan), Ben Bernanke, Nikkei, Economy, Business and Finance, Computing and Information Technology Industry
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PRESS DIGEST - British Business - May 24
ReutersMay 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. The Telegraph BURGLARY AND COMPUTER HACKING ADD TO WOES AT ENRC Eurasian...Tags: United Kingdom, Punishment, G8, Computing and Information Technology Industry, Mario Draghi
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Dollar recovers from two-week low versus yen, focus on Nikkei
ReutersTOKYO (Reuters) - The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3-percent plunge and Wall Street regained some stability...Tags: Political Fundraising, United Nations, Executive Branch, Cypriot Banking Crisis (2013), UBS AG
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Hong Kong shares may start steady after weak Chinese manufacturing data
ReutersHONG KONG, May 24 (Reuters) - Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus. On Thursday, the Hang Seng Index closed...Tags: Prada, China Enterprises, Hong Kong, Federal Reserve, Mining
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Wall Street sags, but ends off session lows; HP hits 52-week high
ReutersNEW YORK (Reuters) - Stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary...Tags: EOG Resources Incorporated, House Building, Carnival Corporation, National Oilwell Varco Inc., Jamie Dimon
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