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Hungary's central bank invests in Chinese gov't bonds

​The Hungarian National Bank has made the first step to invest in Chinese government bonds, according to a statement released by the bank on its website on Thursday.

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Irish lender Permanent TSB to return stock market: media

Irish lender Permanent TSB would launch a public share offering on Tuesday to raise 400 million euros (or 423 million U.S. dollars), local media reported on Monday.

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China's first private bank begins lending

The first private bank in China's mainland opened for business in coastal Wenzhou City, east China's Zhejiang Province on Thursday.

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HSBC to quit London for new HQ in Birmingham

​HSBC is to move its national headquarters from London to Britain's second largest city, Birmingham.

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AIIB should be hailed as essential financial instrument not geo-political tool

​The Australian government has given clear signals that it will change its decision on the Asian Infrastructure Investment Bank (AIIB).

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RMB clearing bank launched in Canada

​The renminbi (RMB) clearing bank in Canada, ICBC Canada, was officially launched here on Monday evening. This is the first RMB trading hub in North America and in the western hemisphere.

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Australia to invest 3 bln AUD in Asia Infrastructure Investment Bank: media

​Australia will join the Asian Infrastructure Investment Bank and potentially invest 3 billion Australian dollars (2.3 billion U.S. dollars), local media reported on Friday.

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European expert sees joining AIIB as participation in major initiative in fastest-growing region

For European countries, joining the China-proposed Asian Infrastructure Investment Bank (AIIB) means participation in a major economic initiative in the world's fastest-growing region, a senior European Union (EU) analyst said Tuesday.

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Germany, France, Italy to join China-proposed AIIB, following Britain's lead

​Germany, France and Italy on Tuesday confirmed their respective intentions to join China-proposed Asian Infrastructure Investment Bank (AIIB).

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Australia changes mind on China-proposed Asian infrastructure bank

​Australian leaders have been lining up in the past few days to voice support on Australia's joining of the Asian Infrastructure Investment Bank (AIIB), a conspicuous U-turn from the cabinet's previous stance.

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HSBC scandal escalates, Argentina demands 3.5 bln USD

​Argentina's tax chief said Monday that the country demands HSBC Holding PLC to repatriate 3.5 billion U.S. dollars as the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad.

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HSBC bosses apology for "unacceptable" tax evasion practice

HSBC Holdings plc's two top bosses Wednesday apologized for its Swiss unit's "unacceptable" practice on dodging tax for its clients.

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Somalia urges U.S. to intervene over money transfers cut-off

The Somali government on Sunday called on the U.S. to intervene over the move by the American bank to close accounts of money remittance companies to the Horn of Africa nation.

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China cuts reserve ratio by 50 basis points

China's central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserves banks must hold, by 50 basis points from Feb. 5.

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Decoding China's reserve requirement ratio (RRR)

China's stock markets rallied after the central bank lowered the reserve requirement ratio (RRR) on Thursday for the first time in over two years, underscoring the powerful sway of this unique monetary policy tool.

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Aussie bank Westpac sells 5 Pacific Island operations

​Australian bank Westapc will offload its banking operations in Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga as it looks to sharpen its focus on the more lucrative Fiji and Papua New Guinea markets.

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Indonesia's 2nd largest state bank posts 14 pct profit growth in 2014

A senior official at Indonesia's second largest state-run bank, Bank Rakyat Indonesia (BRI), said on Monday that the bank raked 24.20 trillion rupiah (about 1.9 billion U.S. dollars) of net profit throughout last year, or 14.35 percent higher than it booked a year earlier.