Stephen Green News
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China’s fixed-asset investment unexpectedly decelerated last month while industrial output trailed estimates, adding to concerns that the economy will fail to show much of a recovery this quarter.
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China’s new local-currency loans exceeded estimates last month while money supply expanded at a faster pace, a sign policy makers are maintaining credit support for the economy after first-quarter growth unexpectedly slowed.
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China’s manufacturing expanded at a weaker pace in April in a sign that the slowdown in the world’s second-largest economy is extending into the second quarter.
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Dean Foods Co.’s WhiteWave Foods Co. unit may become a takeover target for buyers such as General Mills Inc. after it is spun off from the dairy maker, said Alexia Howard, an analyst at Sanford C. Bernstein & Co.
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Shadow Financial Secretary to the U.K. Treasury, Chris Leslie, called for U.K. Trade Minister Stephen Green to publicly answer questions about his time as chief executive officer and chairman of HSBC Holdings Plc.
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A rise in the value of the pound might stifle the increase in exports of British goods that has been spurred in part by the weakening of the currency, Trade Minister Stephen Green said.
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British companies have been “complacent” about business opportunities in India, put off by excessive bureaucracy, corruption and restrictions on operating in some sectors, U.K. Trade Secretary Stephen Green said.
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HSBC Holdings Plc Chairman Stephen Green will step down to become trade minister for the U.K. government, as the race formally began to succeed him.
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HSBC Holdings Plc Chairman Stephen Green pledged to remain in his job at least until 2011, following reports he would step down this year.
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China’s slowdown last year probably didn’t exceed government reports, researchers at the Federal Reserve Bank of San Francisco said, differing from concerns voiced by some analysts about the accuracy of the official data.
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