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Citi brings in new Lebanon head from New York
June 22, 2021June 16, 2021 susanmtoycom

Citi brings in new Lebanon head from New York

Business

Citi named Ghassan Salem as its country officer for Lebanon, replacing Michel Sawaya who recently became country officer for Bahrain, according to an internal memo

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HSBC says Asia Pacific CEO Peter Wong to retire
June 21, 2021June 16, 2021 susanmtoycom

HSBC says Asia Pacific CEO Peter Wong to retire

Business

HSBC said on Monday that its Asia Pacific Chief Executive Officer Peter Wong will retire effective immediately, and is to be replaced by David Liao

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Reckitt to sell China baby formula business for $2.2 bln
June 20, 2021June 16, 2021 susanmtoycom

Reckitt to sell China baby formula business for $2.2 bln

Business

British consumer goods maker Reckitt Benckiser Group Plc said on Saturday it was selling its infant formula and child nutrition business in China to investment

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UBS ramps up ‘Netflix’ of banking to tap into stream of millionaires
June 19, 2021June 16, 2021 susanmtoycom

UBS ramps up ‘Netflix’ of banking to tap into stream of millionaires

Business

UBS’s new hybrid digital wealth management platform has attracted $3.7 billion in its first year, boosting chief executive Ralph Hamers’ strategy of winning more business

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Supply disruptions cause dip in German industrial orders in April
June 18, 2021June 16, 2021 susanmtoycom

Supply disruptions cause dip in German industrial orders in April

Business

German industrial orders dropped unexpectedly in April on falling domestic demand, data showed on Monday, as supply chain disruptions held back manufacturers in Europe’s largest

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France’s Credit Agricole to launch a $680 mln share buyback
June 17, 2021June 16, 2021 susanmtoycom

France’s Credit Agricole to launch a $680 mln share buyback

Business

French bank Credit Agricole said on Monday it would launch a 560 million euros ($680 million) share buyback programme by the end of the year

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Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants
June 16, 2021 susanmtoycom

Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants

Business

Daimler AG’s main China joint venture with BAIC Motor (1958.HK) plans to add a shift and working days at two Beijing plants that will boost

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