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A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.
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LONDON, May 7- Robust results from heavyweight banks drove European shares to fresh peaks on Tuesday, with Germany's benchmark stock market rising to a record high.
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LONDON, May 7- Robust results from heavyweight banks drove European shares to fresh peaks on Tuesday, with Germany's benchmark stock market rising to a record high.
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European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
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By James Davey and Matt Scuffham LONDON, May 7- British grocer J Sainsbury. Although many Britons blame banks for the country's economic problems and lawmakers are keen to encourage greater competition, the' big 5'- Lloyds, RBS, Barclays, HSBC and Santander UK- control 83 percent of current accounts as customers have been reluctant to switch.
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Germany joins the U.S. at an historic high. France, Portugal and Japan also log good numbers as stocks continue to win in the hunt for yield.
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May 7- Following are terms and conditions. of a bond priced on Tuesday.
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U.S. stock market index futures signaled a higher open on Tuesday, as shares in Europe and Japan rallied on upbeat bank earnings and a weak yen, respectively.
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May 7- Following are terms and conditions. of a bond increased on Tuesday.
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*Westjet Airlines Ltd said it expects revenue per available seat mile to decline in the second quarter, hurt by the timing of the Easter and Passover holidays and cancellation of some business by travel agency Thomas Cook.
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*Analysts say HSBC could raise cost savings target. *HSBC to update investors on strategy on May 15. LONDON, May 7- HSBC aims to keep the pressure on costs after first-quarter earnings nearly doubled due to the bank's three-year efficiency drive and a halving in bad debts charges.
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Investors cheered HSBC first quarter results on Tuesday, but analysts said the bank's profit-beat was misleading, and recommended RBS and Lloyds shares.
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LONDON, May 7- The Republic of Portugal, rated Ba3/BB/BB+, recorded over EUR9bn of orders for its no-grow EUR3bn 10- year bond when European books closed on Tuesday, said banks managing the deal. Books are still open for US investors but will close at 8:30 a.m. New York time or 1:30 p.m. London time.
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*FTSE 100 rises 0.4 pct to 5-1/ 2 year peak. *HSBC lifts index after results beat. LONDON, May 7- A rally in banking shares propelled Britain's top share index to a 5-1/ 2 year high on Tuesday after Europe's largest lender HSBC.
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LONDON, May 7- European equities nudged higher on Tuesday, with sentiment boosted by a record high in the German DAX index, forecast-beating earnings and prospects of sustained central bank stimulus.
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LONDON, May 7- European equities nudged higher on Tuesday, with sentiment boosted by a record high in the German DAX index, forecast-beating earnings and prospects of sustained central bank stimulus.
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Banks such as CIMB Group Holdings Bhd. and Malayan Banking Bhd led gainers in Malaysia, with the broader Kuala Lumpur's composite index ending up 1.4 percent at 1,776.73 after Monday's 3.4 percent jump.
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Portugal, rated Ba3/BB/BB+, intends to raise no more than EUR3bn through the debt sale, and has already finalised guidance for the deal at mid-swaps plus 400 bp, the tight end of mid-swaps plus 400-405 bp official talk and initial thoughts of plus 405 bp area.
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LONDON, May 7- The Republic of Portugal, rated Ba3/BB/BB+, has fixed the spread on its no-grow EUR3bn 10- year bond at mid-swaps plus 400 bp, a bank managing the deal said on Tuesday.
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LONDON, May 7- HSBC reported a near doubling in first quarter earnings on Tuesday, demonstrating the benefits of a three-year restructuring, cost cuts and a big drop in bad debt charges.
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LONDON, May 7- HSBC reported a near doubling in first quarter earnings on Tuesday, demonstrating the benefits of a three-year restructuring, cost cuts and a big drop in bad debt charges.