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  • Greece has since then resumed talks with creditors and reopened its banks. Financial information company Markit said its gauge of manufacturing activity in Greece plummeted during the month to 30.2 points, its lowest ever reading, despite improvements across the rest of the 19- country eurozone. "Manufacturing output collapsed in July as the debt crisis...

  • *Bank of England to publish updated forecasts on Aug. 6. LONDON, Aug 3- As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger. The pound hit its highest level in over seven years against the currencies of Britain's main trading...

  • ATHENS, Aug 2- Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country. National Bank of Greece, the country's largest commercial bank, was down 30 percent, the daily limit. The bourse was last open for trading on June 26.

  • *Commerzbank shares indicated up 2.2 percent. FRANKFURT, Aug 3- Commerzbank's second-quarter net profit more than doubled thanks to strong retail banking activities, and the German lender announced its first dividend since 2007.. Commerzbank, a household name in Germany which finances more than a third of the nation's exports, is more than half way through a...

  • Will the sale of Brazilian unit save HSBC?

    Ismael Pili, head of financials research, Asia at Macquarie Securities, discusses HSBC's decision to sell its entire Brazil business to Banco Bradesco.

  • HONG KONG— HSBC Holdings PLC, Europe's biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 percent. Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve...

  • SHANGHAI, Aug 3- China's yuan barely moved against the dollar on Monday after the central bank fixed its guidance rate little changed, while a fresh survey showing that the Chinese factory activity remained weak had no immediate impact on trading. The People's Bank of China set the midpoint rate at 6.1169 per dollar prior to market open, compared with the...

  • HONG KONG, Aug 3- HSBC Holdings reported a 10 percent increase in earnings for the first half of the year, boosted by bumper profits in Hong Kong as the lender considers whether to move its headquarters from London to the Asian hub. HSBC also announced the sale of its Brazil unit to Banco Bradesco SA, the country's second-biggest private-sector bank, for 17.6...

  • Expect improvements in HSBC's results: Pro

    Martin Smith, head of Markets Analysis at East & Partners, expects HSBC's first-half results to improve by 15-20 percent on the back of its Hong Kong operations.

  • BEIJING, Aug 3- China's central bank injected 292.9 billion yuan into banks in July to boost lending, it said on Monday, in yet another step to bolster growth in China's cooling economy. A total of 250 billion yuan of six-month medium-term lending facility were injected into unidentified financial institutions. A separate 42.9 billion yuan of pledged...

  • Aug 2- The Greek stock market will reopen on Monday after a five-week shutdown brought on by capital controls imposed at the height of the cash-for-reforms crisis with international lenders. The rules have been approved by the European Central Bank to avoid a new deposit flight from Greek banks. Local investors, like all Greeks, will not be allowed to withdraw...

  • Greece may seek up to $26B new aid: Report Saturday, 1 Aug 2015 | 1:14 PM ET
    People wait to enter a bank branch as Greek banks reopened on Monday morning after three weeks of closure on July 20, 2015 in Athens, Greece.

    Greece may seek $26 billion in a first tranche of bailout aid in August to prop up banks and repay debts to the ECB, according to a Greek newspaper.

  • DENVER— A Colorado credit union is hoping a federal judge will intervene to let the booming marijuana industry move its finances from cash-stuffed suitcases to the regulated banking system. Federal Reserve and the National Credit Union Administration to deny applications from Fourth Corner Credit Union. But many large banks considered the guidelines...

  • ATHENS, July 31- Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals and...

  • ATHENS, July 31- Greece will make it a priority to recapitalise the nation's banks by the end of this year, probably using a bail-out fund to plug capital shortfalls, a Greek central bank official told Reuters on Friday. "It is most likely that the recapitalisation will occur like the last one, through a bank bailout fund," he said, referring to a previous cash injection...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit with over 9 billion euros in fines and settlements in the past three years, including a...

  • LONDON, July 31- Steep falls in emerging market currencies have jolted central bankers across the developing world into action to try and stem the weakness. A JPMorgan index tracking 22 emerging market currencies traded at a record low 71.3 on Friday, and with the U.S. "Central bankers in emerging markets are finally waking up to the fact their currencies may test...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for its executive board as it examines whether some managers could have done a better job at avoiding problems that led to expensive litigation, a person familiar with the matter said. The bonus freeze hits all members of the management board except Deutsche Bank's new Chief Executive John Cryan,...

  • WARSAW, Poland— A Polish court is looking into the management of a popular credit union after an audit revealed it is in the red. The Constitutional Tribunal is analyzing whether regulations running the SKOK credit union ensure the security of deposits made by some 2 million of its members. Last week Finance Minister Mateusz Szczurek said that the entire SKOK is...

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