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HSBC’s promises may not satisfy Ping An

  HSBC Holdings Plc is hoping to buy off dissenting investors with a boost to dividends and a forecast for higher returns. The promises made at the half-year results sent the bank’s stock sharply higher, but the shareholders agitating for big changes are likely to want more — and soon. The London- and Hong Kong-based bank is facing breakup calls ...

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Bangladesh’s garment industry faces falling orders over power

  Bloomberg Bangladesh’s garment industry, the world’s No. 2 exporter after China, is facing a double whammy from slowing global demand and an energy crisis at home that’s threatening to thwart the nation’s pandemic recovery. Plummy Fashions Ltd, a supplier to PVH Corp, the parent company of fashion brand Tommy Hilfiger, and Inditex SA’s Zara, saw new orders in July ...

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PepsiCo to pay $550m for 8.5% stake in Celsius

  Bloomberg PepsiCo Inc will pay $550 million for a stake in fitness-energy drink maker Celsius Holdings Inc as part of a long-term strategic distribution agreement. PepsiCo is getting convertible preferred stock equating to 8.5% ownership in Celsius, the companies said in a statement. The soft drink giant will become the preferred distribution partner globally for Celsius and will also ...

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