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  • Morgan Stanley to sell Indian private banking arm to StanChart Morgan Stanley to sell Indian private banking arm to StanChart

    MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...

  • Majority of Asian stocks eke out gains

    Sensex down 0.3%; closes above 20k Investors book profits in rate-sensitive stocks, while drugmakers hit by worries about the country's new drug pricing ...

  • PRECIOUS-Silver and gold lurch higher after an early dive

    * Silver hits Sept 2010 low before rebounding * Gold also shoots up from 1-month low and 7 days of losses * Investors await Fed chairman's testimony on Wednesday (Updates with U.S. session, adds trader comments, NEW YORK dateline, byline) By Barani Krishnan and Clara Denina NEW YORK/LONDON, May 20 (Reuters) - Gold and silver prices gained about two percent on Monday after a ...

  • Softbank planning 400 billion yen bond sale - Nikkei

    Mon May 20, 2013 2:50pm EDT (Reuters) - Softbank Corp (9984.T) is seeking to raise about 400 billion yen ($3.90 billion) through a sale of retail bonds to finance its bid for No.3 U.S. mobile phone carrier Sprint Nextel Corp (S.N), the Nikkei reported. The proceeds from the offering, which is expected to be launched as early as next month, will also be used for redeeming existing bonds, the ...

  • Dividends poised to hit record high

    Spurred by regulatory encouragement, China's A-share companies plan to issue historic cash dividend payouts despite last year's general slowdown in net profit growth.So far, a total of 1,807 listed companies have outlined dividend plans in their recently-issued 2012 annual financial reports which will see them dispense a record 629.78 billion yuan ($102.59 billion) in cash rewards to ...


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Movie Review

American Beauty

American Beauty

"American Beauty," the directorial debut of Sam Mendes, the Broadway director who recently staged Nicole Kidman in "The Blue Room," is a completely assured debut, a visually extravagant, entrancingly dark comedy about how people fall apart and build walls of angst between each oth ... ...

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  • Money rates surge market wary on taxes

    China's money rates rose Monday, with the key seven-day money rate jumping to a more than three-week high due to demand for funds as companies meet tax payments, dealers said. The weighted average of the benchmark seven-day repo jumped 64 basis points (bps) to 4.34 percent by early afternoon, from 3.70 percent Friday.The 14-day rate surged 68 bps from Friday's 3.64 percent, and the ...

  • Research and Markets Asian Convenience Store Market Outlook 2015

    "Asian Convenience Store Market Outlook 2015" report to their offering. The modern retail outlets replacing the traditional unorganized retail outlets in various countries, have led to the widespread popularity of the convenience stores in the Asian market. The Asian convenience store industry has grown rapidly over the past few years, with consumers' lifestyle heading ...

  • Asian Stocks Rise On Growth Optimism

    Asian stocks rose on Monday, extending a two-week rally, as an upbeat reading on U.S. consumer confidence bolstered optimism about the economic recovery in the world's ...

  • Li Keqiang makes India first stop on his foreign visit

    China's official media, in its extensive coverage of Chinese Premier Li Keqiang's Indian visit, sought to play down the Asian neighbors' border disputes. Li, who made India the first stop on his first foreign tour since becoming the China's No. 2 leader, arrived in New Delhi Sunday on a three-day trip. The visit comes after last month's tense situation resulting from a ...

  • Hang Seng rallies 1.7pc to close

    (11 mins ago) Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high. The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion, AFP reports. Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in ...

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