Saturday 28 March 2015
 
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HSBC

HSBC unit raises $205m in Malaysia sukuk sale

The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205 million) from the sale of a five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported. The sale is the third tranche of the le

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Chinese factory activity hits 11-month low

Activity in China's factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing t

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HSBC Mideast clarifies on licence cancellation

HSBC Bank Middle East has said its Bahrain operations continue as before and are unaffected by the cancellation of a legacy licence in the country. In a statement, the bank said “the cancellation of the wholesale banking lic

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HSBC named best investment bank in Mideast

HSBC was named the best investment bank in the Middle East for 2015 by Global Finance magazine in its 16th annual World’s Best Investment Banks survey. The survey lists the best investment banks by country, region and sector

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Air Miles ME renews partnership with HSBC

Aimia, a global leader in loyalty management, has announced the agreement of a multi-year extension with founding partner HSBC for its participation in the Air Miles programme in the Middle East. "We are delighted with HSBC&#

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Saudi non-oil growth slows in November

Growth of Saudi Arabia’s non-oil private sector economy was sustained during November, but at a slower pace as output, while new orders and employment all increased at weaker rates, a report said. After accounting for season

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Doha Bank shareholders approve India assets buy

Shareholders of Doha Bank have approved the purchase of the Indian assets of HSBC Bank Oman after an extraordinary meeting, the Qatari bank said in a statement on Monday. HSBC Bank Oman, an affiliate of HSBC Holding, said in April

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HSBC to refund excess fees to Mideast, Africa customers

HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency fees on debit and credit card transactions, the lender confirmed to Reuters on Wednesday. The step w

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Global banks fined $3.4 billion in forex probe

Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Sc

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Top HSBC executive in Saudi leaves bank

The chief executive of HSBC Holdings' investment banking business in Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer

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