Industry News
23-02-2012
HSBC pulls out of retail banking in Japan
TOKYO (Reuters) - HSBC on Thursday said it will pull out of the retail banking business in Japan, including the HSBC Premier service meant for clients who hold more than 10 million yen (79,405.57 pound) in financial assets.
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23-02-2012
RBS says pay row "damaging" as losses mount
LONDON (Reuters) - State-owned Royal Bank of Scotland paid out nearly a billion pounds in bonuses to staff for last year despite posting a fourth-quarter loss of nearly 2 billion pounds after big losses in Greece and Ireland and costly restructuring.
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23-02-2012
BAT in £1.25 billion buyback as earnings rise
LONDON (Reuters) - British American Tobacco , the world's second-biggest cigarette maker, increased its share buyback to 1.25 billion pounds on Thursday after it raised prices and saw strong growth in emerging markets to help boost its annual earnings.
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23-02-2012
Euro zone economy to shrink 0.3 pct in 2012 - EU source
BRUSSELS (Reuters) - Economic output in the euro zone is forecast to contract 0.3 percent in 2012 and in Spain will shrink by 1.0 percent, an EU source told Reuters on Thursday, ahead of the release of official forecasts from the European Commission.
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23-02-2012
Informa boosts dividend on strong profit
(Reuters) - British business media group Informa plc raised its final dividend by a fourth, following strong full-year results that were boosted by its academic and events businesses.
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23-02-2012
German February Ifo index rises 4th month in row
BERLIN (Reuters) - German business sentiment rose to the strongest level in seven months in February, offering further evidence that Europe's largest economy is picking up steam and shrugging off a recession that is hammering other euro zone peers.
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23-02-2012
FTSE pushes higher; RBS rally leads firm banks
LONDON (Reuters) - The leading share index pushed higher in early trade on Thursday, led by a rally in banking stocks headed by Royal Bank of Scotland after the lender's in-line full-year results offered hard-pressed sector investors some relief.
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23-02-2012
Nissan to recall 250,000 Juke, Infiniti M, others globally
TOKYO (Reuters) - Nissan Motor Co said on Wednesday it would recall about 250,000 Juke, Infiniti M, March and other models globally to fix a mechanical glitch in the fuel rail of direct injection engines that could lead to a fuel leak in extreme cases.
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