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Bank regulators plot toughest capital rule for bitcoin

* Regulators plan first global crypto capital rule * Cryptocurrencies face toughest treatment * Central bank digital currencies excluded from plan By Huw Jones and Tom Wilson LONDON, June 10 (Reuters) - Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global regulators proposed on Thursday, in a "conservative" st
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Bank regulators plan 'conservative' capital rule for bitcoin

By Huw Jones LONDON, June 10 (Reuters) - Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on Thursday, in a "conservative" step that could prevent widescale use of the cryptocurrency by major lenders. The Basel Committee on Banking Supervision, made up of regulators from the wor
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Kuwait's Ahli United Bank tightens guidance on AT1 sukuk -document

DUBAI, June 9 (Reuters) - Kuwait's Ahli United Bank BKME.KW tightened price guidance for its Additional Tier 1 U.S. dollar-denominated sukuk to 4%-4.125% from initial guidance of around 4.375%, a document showed on Wednesday. Kuwait's Ahli United, nearly three-quarters owned by Bahrain's Ahli United Bank AUBB.BH , hired Citi C.N , HSBC HSBA.L , Sta
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Saudi Aramco raises $6 billion with debut sukuk

(Updates with launch, size, final demand, spreads) By Yousef Saba and Scott Murdoch DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco 2222.SE locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale, a document showed. The debt i
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British shares end lower as mining, financial stocks weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Smith+Nephew climbs after Credit Suisse upgrades to 'outperform' * Wizz Air likely to fly more this summer - CEO * All eyes on ECB policy meeting, U.S. CPI data on Thursday * FTSE 100 down 0.2%, FTSE 250 off 0.6% (Updates to market close)
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Italy to raise 10 billion euros from 10-year bond - lead manager

By Yoruk Bahceli June 8 (Reuters) - Italy was set to raise 10 billion euros from a new 10-year bond on Tuesday on the back of more than 65 billion euros of demand, a lead manager told Reuters. It will price the bond, due Dec. 1 2031, at a spread of 6 basis points over Italy's existing bond due in August 2031 later on Tuesday, according a memo seen
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Oman expected to raise $1.5 billion in year's second international debt sale

DUBAI, June 8 (Reuters) - Oman is expected to sell $1.5 billion in nine-year sukuk, or Islamic bonds and tightened price guidance after it received more than $8.5 billion in orders for its second international debt sale of the year, a document showed on Tuesday. Citi C.N , Gulf International Bank, HSBC HSBA.L , Standard Chartered STAN.L , Bank ABC
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Bank of England launches climate stress test for banks and insurers

By Huw Jones LONDON, June 8 (Reuters) - The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements for now. The test will scrutinise the resilience of the country's 19 biggest banks and in
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Global banking regulator in step closer to crypto capital rules

By Huw Jones LONDON, June 7 (Reuters) - The Basel Committee on Banking Supervision will consult on how lenders should shield themselves from crypto assets, the global banking watchdog said on Monday, as regulators turn up the heat on a growing but risky investment sector. "The committee agreed to publish a consultation paper to seek the views of ex
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Iceland launches $1.24 bln bank IPO to curb state ownership of financial sector

COPENHAGEN, June 7 (Reuters) - Iceland on Monday took the first step to curb the state's ownership of the banking sector, selling 35% of shares in Islandsbanki in an initial public offering that will value the lender at around 150 billion Icelandic crowns ($1.24 billion). The state will on Monday at 0900 GMT offer 636.4 million shares with an indic
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Kuwait's Ahli United Bank hires banks to arrange AT1 dollar sukuk - document

DUBAI, June 7 (Reuters) - Kuwait's Ahli United Bank BKME.KW has hired banks to arrange the issuance of Additional Tier 1 U.S. dollar-denominated sukuk that will be non-callable for 5-1/2 years, a document seen by Reuters showed on Monday. Kuwait's Ahli United, nearly three-quarters owned by Bahrain's Ahli United Bank AUBB.BH , hired Citi C.N , HSBC
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HSBC says Asia Pacific CEO Peter Wong to retire

June 7 (Reuters) - HSBC HSBA.L said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha who will jointly run the region. Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to r
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Saudi Aramco mandates banks for inaugural dollar sukuk

DUBAI, June 7 (Reuters) - Saudi Aramco has hired a large group of banks to arrange its inaugural issuance of U.S. dollar-denominated sukuk, a document showed on Monday, as it seeks cash to fulfil large commitments to its major shareholder, the Saudi government. The banks will arrange fixed income investor calls starting on Monday, the document from
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Qatar Petroleum hires banks for June jumbo bond sale

DUBAI, May 31 (Reuters) - Qatar Petroleum has hired a group of international banks to arrange a multibillion-dollar sale of bonds on international debt markets, said two sources close to the matter. The sale is expected to take place by the end of June, the sources told Reuters, as the Gulf's hydrocarbons giants seek to raise cash in the face of lo
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HSBC says U.S. remains vital market despite retail exit

By Lawrence White LONDON, May 28 (Reuters) - HSBC HSBA.L said on Friday the United States remains key to its growth plans, a day after announcing the sale of its mass market retail U.S. banking business in a country where it has long struggled to make a strong profit. HSBC's business in the United States will focus on internationally-oriented corpo
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HSBC says U.S. remains key market, following retail exit

LONDON, May 28 (Reuters) - HSBC HSBA.L said the United States remains key to its growth plans, a day after announcing the sale of its mass market retail U.S. banking business in a country where it has long struggled to make strong profits. HSBC's business in the U.S. will focus on internationally-orientated corporate customers, chief executive Noel
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Jailed HK tycoon Jimmy Lai sentenced to 14 months for Oct. 1 illegal assembly

By Jessie Pang and James Pomfret HONG KONG, May 28 (Reuters) - Jailed Hong Kong media tycoon and Beijing critic Jimmy Lai was given a new prison sentence of 14 months on Friday over his role in an unauthorised assembly on Oct. 1, 2019, during one of the city's pro-democracy rallies that year. This month, Lai - who is already serving sentences addin
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British Business - May 28

May 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Negotiators are close to landing a set of common principles as part of an overhaul of the international tax code that the world's leading advanced economies will
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Jailed HK media tycoon Jimmy Lai faces new sentence over illegal assembly

By Jessie Pang HONG KONG, May 28 (Reuters) - Jailed Hong Kong media tycoon and Beijing critic Jimmy Lai is expected to receive a new prison sentence over his role in an unauthorised assembly on Oct. 1, 2019, during one of the city's pro-democracy rallies that year. This month, Lai, who is serving a 14-month sentence for participating in similar dem
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European shares hit record high on Airbus boost, Bayer hurt by Roundup ruling

* Mining stocks, banks were best performers * Airbus jumps on hiking jet output targets * Food and beverage stocks hurt by Tate & Lyle By Ambar Warrick and Shreyashi Sanyal May 27 (Reuters) - European shares closed at a record high on Thursday boosted by Airbus after the planemaker hiked its jet output targets, while German shares weakened after sh
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