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HSBC takes $2.3 bln hit with sale of French retail bank
July 7, 2021July 1, 2021 alafadelcom

HSBC takes $2.3 bln hit with sale of French retail bank

Business

HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3

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EU lifts ban on eight banks barred from bond sales
July 6, 2021July 1, 2021 alafadelcom

EU lifts ban on eight banks barred from bond sales

Business

Eight banks previously excluded from syndicated debt sales backing the European Commission’s up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take

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Ahead of pivotal AGM, Toshiba board chairman vows to be ‘agent of positive change’
July 5, 2021July 1, 2021 alafadelcom

Ahead of pivotal AGM, Toshiba board chairman vows to be ‘agent of positive change’

Business

Toshiba Corp (6502.T) Board Chairman Osamu Nagayama pledged to be “an agent of positive change, not a protector of the status quo,” as he sought

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OPEC told to expect limited U.S. oil output growth, for now
July 4, 2021July 1, 2021 alafadelcom

OPEC told to expect limited U.S. oil output growth, for now

Business

OPEC officials heard from industry experts that U.S. oil output growth will likely remain limited in 2021 despite rising prices, OPEC sources said, giving it

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German state of Bavaria in talks with Intel on chip megafactory
July 3, 2021July 1, 2021 alafadelcom

German state of Bavaria in talks with Intel on chip megafactory

Business

Germany’s southern state of Bavaria is in talks with Intel (INTC.O) to build a European chip factory in a bid to counter supply bottlenecks that

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How central banks are responding to climate change
July 2, 2021July 1, 2021 alafadelcom

How central banks are responding to climate change

Business

The Bank of Japan unveiled a plan on Friday to boost funding for fighting climate change, a surprise move underscoring the growing importance of the

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Mystery behind slump in India’s Adani Group company shares
July 1, 2021 alafadelcom

Mystery behind slump in India’s Adani Group company shares

Business

Shares of companies controlled by Indian billionaire Gautam Adani recorded their biggest weekly losses ever. The six stocks cumulatively lost 1.91 trillion Indian rupees ($25.83

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