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HSBC rejects demerger of Asian business, citing huge risks

LONDON/SINGAPORE (Reuters) – HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in.

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Heineken posts strong first-half, drops 2023 margin target

By Philip Blenkinsop BRUSSELS (Reuters) -Heineken NV on Monday posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin target.

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Zambia debt relief pledge clears way for $1.4 billion programme, says IMF

By Gayatri Suroyo and Rachel Savage JAKARTA/LONDON (Reuters) -Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as.

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Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

JAKARTA (Reuters) -Indonesia has blocked search engine website Yahoo, payments firm PayPal (NASDAQ:PYPL) and several gaming websites due to failure to comply with licensing rules, an official said on Saturday,.

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U.S. approves Boeing inspection, rework plan to resume 787 deliveries

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing (NYSE:BA)’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on.

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Meta’s Mark Zuckerberg: Company’s pandemic-era forecast was too rosy

By Katie Paul and Paresh Dave (Reuters) – Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world’s biggest social media company had planned for growth too optimistically, mistakenly.

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Conspiracy website InfoWars parent files for bankruptcy

By Mike Spector and Dietrich Knauth (Reuters) -The parent of far-right conspiracy website InfoWars filed for U.S. bankruptcy protection on Friday as the company and its founder Alex Jones face.

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Elon Musk files countersuit under seal vs Twitter over $44 billion deal

By Tom Hals WILMINGTON, Del. (Reuters) -Elon Musk countersued Twitter Inc (NYSE:TWTR) on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44.

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StanChart cheers investors with $500 million share buyback, 19% profit jump

By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -Standard Chartered’s first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and.

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Russia exit puts Renault in the red for H1, but 2022 outlook upgraded

PARIS (Reuters) – Carmarker Renault (EPA:RENA) took a 1.357 billion euro ($1.39 billion) net loss in the first half of this year from the cost of closing its Russian business in the.

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