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  • HONG KONG, Aug 30- Ageas has agreed to sell its Hong Kong insurance unit to a China- based asset manager JD Capital for HK $10.7 billion, the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago. "The decision to sell our business in Hong Kong follows a strategic review of our Asian activities in which we concluded that it is in the...

  • But a counter flow- call it "quantitative tightening"- is gathering force as China sells foreign exchange reserves to protect its economy and markets from the recent surge of capital out of the country. Analysts at Citi estimate that global FX reserves have been depleted at an average pace of $59 billion a month in the past year or so, and closer to $100 billion over...

  • *Bull market "ageing" but very much alive- Citi. China's central bank injected 60 billion yuan into money markets on Friday, the second such move this week, while inflation data out of Germany later on Friday is likely to set the tone for the European Central Bank's meeting next Thursday as deflationary pressures rise around the world. Although global equities are...

  • SYDNEY, Aug 28- The dollar held at one-week highs against a basket of major currencies early on Friday, having benefited from upbeat U.S. data and as investors continued to cut back on safe-havens such as the yen. The euro came close to $1.1200, having been knocked off its lofty perch above $1.1700. Analysts at Citi said all four components showed positive revisions:...

  • Aug 26- HotChalk, an educational technology startup, is in talks to raise at least $75 million from private investors, valuing the company at roughly $500 million to $800 million, according to people familiar with the matter. The company, which helps universities and colleges create online degree programs, has hired Citigroup Inc to assist with the fundraising,...

  • Aug 26- HotChalk, an educational technology startup, is in talks to raise at least $75 million from private investors, valuing the company at roughly $500 million to $800 million, according to people familiar with the matter. The company, which helps universities and colleges create online degree programs, has hired CitiGroup Inc to assist with the fundraising,...

  • First Data chooses Citigroup, Morgan Stanley to lead IPO Wednesday, 26 Aug 2015 | 4:06 PM ET

    Aug 26- Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. Absent on the list of 15 banks chosen by First Data, which includes Bank of America Merrill Lynch and Goldman Sachs, was JPMorgan Chase, a major player in underwriting equity...

  • SAO PAULO, Aug 25- Brazilian state-controlled bank Caixa Econômica Federal's insurance unit filed on Tuesday for an initial public offering, the first in a wave of offerings anticipated by state firms this year. State-controlled Banco do Brasil SA's investment banking unit is the deal's top undewriter, along with UBS AG. Banco Bradesco BBI, Itaú BBA SA, Grupo...

  • Europe blue-chip shares on the cheap? Think again Tuesday, 25 Aug 2015 | 11:49 AM ET

    *Credit Suisse recommends telecoms over consumer goods. LONDON, Aug 25- Stock markets are rebounding after a bruising 48- hour sell-off. But with China still battling to revive its slowing economy, Europe's "screaming buys" come with risks.

  • COPENHAGEN, Aug 24- Nasdaq is poised to launch a platform for foreign exchange trading which it says would make the $5 trillion- a-day global market more transparent and would diversify its own business, a top executive from the stock market operator said. Authorities in the United States and Europe have fined major banks more than $10 billion for failing to stop...

  • Alibaba drop leaves stock pennies above IPO price Friday, 21 Aug 2015 | 4:10 PM ET

    SAN FRANCISCO, Aug 21- Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China- led global slowdown rattled investors. With Wall Street in correction territory on Friday, Alibaba's stock closed down $2.14 at a post-IPO record low of $68.18.

  • *China slowing down, U.S. rate hike bets pushed back. LONDON, Aug 21- Stock markets are slipping the leash from central banks. China's economy, for years the driver of global growth, is slowing alarmingly.

  • "We saw strange things in the data," said Chris Barnes, a former swaps trader now with ClarusFT, a London- based data firm. The missing transactions reflected an effort by some of the largest U.S. banks- including Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Morgan Stanley- to get around new regulations on derivatives enacted in the wake of the financial...

  • MOSCOW, Aug 21- The Russian rouble fell further on Friday, following weak Chinese factory data that pushed the oil price lower, but the onset of foreign currency sales by exporters to pay monthly taxes helped contain the losses. International oil benchmark Brent was down 1.2 percent to $46 per barrel, on a day when global markets are reeling from weak Chinese...

  • Key Chinese manufacturing index falls to 77-month low Friday, 21 Aug 2015 | 12:36 AM ET

    BEIJING— China's manufacturing contracted by an unexpectedly large margin this month, a survey showed Friday, adding to signs of economic weakness. The preliminary version of the Caixin purchasing managers' index, formerly sponsored by HSBC Corp., fell to a 77- month low of 47.1 in August from July's 47.8 on a 100- point scale. China's economic growth held steady...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 20- European stock markets extended their losing streak on Thursday, with benchmark indexes in Frankfurt and London hitting seven-month lows as fears of a global economic slowdown took hold. Its losses for August have already matched those for June, which was its weakest month in two years, as...

  • Lawsuits stemming from the FDIC's role as receiver for Austin- based Guaranty Bank, which had bought more than $2.7 billion of the securities, were filed against Citigroup Inc, Bank of New York Mellon Corp and US Bancorp late Wednesday in Manhattan federal court. The FDIC, whose full name is Federal Deposit Insurance Corp, said the banks failed in their role as bond...

  • *Apple falls on report of declining phone sales in China. *NetApp up as results beat expectations. Bank of America, JPMorgan and Citigroup weighed the most on the index and were down between 1.5-2 percent.

  • European shares drop on global slowdown fears Thursday, 20 Aug 2015 | 6:23 AM ET

    *Earnings expectations for Europe "too high". LONDON, Aug 20- European stock markets extended their losing streak on Thursday, with benchmark indexes in Frankfurt and London hitting seven-month lows as fears of a global economic slowdown took hold. "The current earnings expectations for Europe given the global growth outlook are probably too high and it may...

  • European shares hit by global slowdown fears Thursday, 20 Aug 2015 | 4:49 AM ET

    *Earnings expectations for Europe "too high". LONDON, Aug 20- European stock markets extended their losing streak on Thursday, with benchmark indexes in Frankfurt and London hitting seven-month lows as fears of a global slowdown took hold. "The current earnings expectations for Europe given the global growth outlook are probably too high and it may require...