HSBC Bank News
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Unatrac Holding Ltd., a Dubai-based dealer of Caterpillar Inc. machinery, raised a $700 million loan from a group of 15 banks for working capital and to repay debt.
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HSBC Holdings Plc, Europe’s largest bank, was accused in a suit by New York Attorney General Eric Schneiderman of violating the state’s foreclosure law and putting homeowners at increased risk of losing their property.
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A surge in Canadian oil exports to the U.S. helped propel the country’s economy in the first quarter to its fastest growth pace since 2011, even as domestic demand expanded at the slowest rate since the 2009 recession.
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Brazil’s growth unexpectedly slowed in the first quarter, complicating government efforts to revive the economy as it battles inflation. Swap rates fell.
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A Deutsche Bank AG unit lost a bid to dismiss a lawsuit by mortgage-bond investors who claim $250 million in damages and demand that the bank repurchase the loans underlying the securities.
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The Canadian dollar reached a 12-week high versus its U.S. counterpart as a surge in metal prices boosted commodities and renewed confidence in global growth.
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Dubai’s DFM General Index gains 1% to 1,975.79 at the close in the emirate as 10 stocks rise, 8 fall and 13 are unchanged. Index up 5.1% in 5 days, best weekly performance since January. Abu Dhabi ADX General Index +0.3%; Oman’s gauge +0.4%.
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The following uridashi bond went on sale. Uridashi bonds are debt issued in the euromarket and sold mainly to Japanese individual investors.
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The following uridashi bond went on sale. Uridashi bonds are debt issued in the euromarket and sold mainly to Japanese individual investors.
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HSBC Bank Middle East Ltd. plans to sell five-year bonds in dollars, according to two people with knowledge of the sale.
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