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SocieteGen

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Global economy may avoid recession in 2024

FACTBOX-Global economy may avoid recession in 2024 Updates Goldman's Federal Funds target rate, core PCE inflation view and UK growth forecast; Adds Citigroup's S&P 500 target Dec 11 (Reuters) - A number of big banks expect global growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and uncertainties in the world's two largest economies, although they see less chances of a recession .
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Bank of India at more than 5-year high after QIP oversubscribed

BUZZ-Bank of India at more than 5-year high after QIP oversubscribed ** Shares of Bank of India BOI.NS up 4.8% to 119 rupees, their highest since Feb. 27, 2018 ** BOI's 45 billion rupees Qualified Institutional Placement (QIP) issue was oversubscribed by 4.11 times ** Allottees in QIP include SBI Mutual Fund, Societe Generale - ODI, Morgan Stanley Asia (Singapore) PTE, HDFC Life Insurance and ICICI Prudential Life Insurance ** Stock above 50-, 100-, and 200- day moving avgs since Dec.
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Societe Generale Is Reviving A Potential Sale Of Its Private UK Bank Kleinwort Hambros - Bloomberg News

BRIEF-Societe Generale Is Reviving A Potential Sale Of Its Private UK Bank Kleinwort Hambros - Bloomberg News Dec 7 (Reuters) - SOCIETE GENERALE SA IS REVIVING A POTENTIAL SALE OF ITS PRIVATE UK BANK KLEINWORT HAMBROS - BLOOMBERG NEWS Source text: https://tinyurl.com/3mrwcx4j Further company coverage: SOGN.PA
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SocGen to sell two African businesses to Vista Group

UPDATE 2-SocGen to sell two African businesses to Vista Group Adds statement from Vista Group paragraphs 3-4 PARIS, Dec 7 (Reuters) - Societe Generale SOGN.PA , France's third-biggest listed bank, has agreed to sell two African subsidiaries in Burkina Faso and Mozambique to pan-African banking group Vista Group, the companies said on Thursday. Vista will acquire Societe Generale's 52.6% stake in Societe Generale Burkina Faso and its 65% stake in Banco Societe Generale Mocambique.
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French bank SocGen agrees to sell two African units to Vista Group

French bank SocGen agrees to sell two African units to Vista Group PARIS, Dec 7 (Reuters) - Societe Generale SOGN.PA has agreed to sell two of its African subsidiaries, Societe Generale Burkina Faso and Banco Societe Generale Mocambique, to the company Vista Group, the French bank said on Thursday. Reporting by Sudip Kar-Gupta; Editing by Jan Harve
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