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HSBC Boss Says Bank Underperforming in Europe, US as Profits Slip

HSBC's interim chief executive on Monday said the banking giant was underperforming in parts of Europe and the United States, as third-quarter profits slipped and the lender warned of further headwinds.

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Pound Slips More as Johnson Eyes Poll to Break Brexit Logjam

Sterling extended losses Friday owing to renewed Brexit uncertainty after Boris Johnson proposed a general election to resolve the long-running saga, while Asian markets were mixed after a broadly positive week.

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Pound Firms Awaiting Brexit Extension Date

The pound firmed against the dollar and euro on Wednesday as the European Union prepared to grant a further delay to Brexit, averting the prospect of Britain departing the bloc next week without a deal.

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Asian Markets Rise on China-US Trade Hopes, Pound Stands Ground

Asian markets rose Tuesday on growing optimism that China and the US will sign a partial trade deal next month, while the pound held firm around five-month highs as dealers bet Britain will leave the EU with a Brexit agreement.

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Crisis Could Claim Third of Big Global Banks, Says McKinsey

US consulting firm McKinsey said Monday that a third of big global banks may not survive a major financial shock, with those in western Europe and Asia most at risk.

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Pound Steadies as Johnson Faces Battle to Pass Brexit Bill

Sterling steadied around $1.29 Friday as dealers paused for breath at the end of a dizzying week and on the eve of a vital vote on Prime Minister Boris Johnson's Brexit deal.

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Environmentalists Slam Banks over Aramco IPO Support

Banks aiding a stock market float for Saudi oil giant Aramco will be "devoid of all sincerity" regarding environmental and social concerns, green and rights groups jointly said Thursday.

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Berlin Blames Trade Wars and Brexit for Falling Growth Prospects

Germany on Thursday slashed its growth outlook for next year, saying it expects trade conflicts, Brexit and other sources of uncertainty abroad to continue weighing on an economy that remains buttressed by domestic strength.

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China Says Efforts 'Accelerated' on US Trade Deal

China said Thursday that its negotiators have "accelerated efforts" to hammer out the details of a partial deal with the United States, as the two sides edge towards an agreement in a lingering trade war.

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Pound Sinks as Key Ally Rejects Johnson Brexit Plan

Sterling tumbled Thursday after Prime Minister Boris Johnson's key ally in parliament said it "could not support" his plans for a Brexit deal, throwing a spanner in the works just as Britain and the European Union were closing in on an agreement.

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