Philip Smith News
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Emirates NBD PJSC’s Islamic banking unit expects to double profit in 2013 as individuals and small businesses take out more loans amid Dubai’s economic revival, the chief executive officer said.
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Stock sales in Canada may eclipse the $40.6 billion reached in 2010 as demand for capital spreads beyond the resource sector, said Philip Smith , Scotia Capital’s deputy head of global investment banking.
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Koh Wee Meng, who develops property and runs a budget hotel chain in Singapore, has joined the ranks of the world’s billionaires as a surge in shares of Fragrance Group Ltd. boosted his fortune to $1.1 billion.
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London Metal Exchange shareholders approved the $2.2 billion takeover offer from Hong Kong Exchanges & Clearing Ltd., ending a 10-month contest.
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Nitasha Silesh’s Swiss education is costing her father almost twice what the parents of presidents, prime ministers and heirs to the British throne have paid.
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Arab Banking Corp ., the lender part- owned by the Central Bank of Libya, used a New York branch to get 73 loans from the U.S. Federal Reserve in the 18 months after Lehman Brothers Holdings Inc. collapsed.
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Citigroup Inc. , the third-biggest U.S. bank, hired Nomura Holdings Inc.’s Nick Tansley as a managing director in its global industrials group.
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Actors aren’t the only ones having their ups and downs at “ Spider-Man: Turn Off the Dark.”
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Portuguese banks are building up reserves of asset-backed securities eligible as collateral for loans from the European Central Bank as borrowing in bond markets becomes more expensive, according to Fitch Ratings.
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INTL FCStone Inc. may more than double its staff in London, making it the second-biggest office after Chicago, to expand its risk-management business and commodities trading in Europe.
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