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Doha down as diplomatic deadline looms

DUBAI / Reuters Qatar’s stock slumped on Sunday as a deadline for Doha to accept a series of political demands by four Arab states was expected to expire late in the day with no sign of the crisis ending while Saudi Arabia’s rally extended for a third session. Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said at the weekend ...

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Unicaja raises $783 million in IPO to repay state aid

Bloomberg Unicaja Banco SA raised about 688 million euros ($783 million) in an initial public offering that turned into a test of confidence in Spanish banks after this month’s demise of a larger lender. Unicaja, based in the southern city of Malaga, priced the sale of 40.3 percent of its equity at 1.10 euros per share, the low end of ...

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HSBC gets approval for China securities joint venture

Bloomberg HSBC Holdings Plc became the first foreign bank to win permission for a majority-owned securities joint venture in China, a structure some of its competitors have unsuccessfully lobbied to secure for several years. The London-based firm received approval to invest 918 million yuan ($135 million) for 51 percent of a venture with Qianhai Financial Holdings Co., the China Securities ...

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