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		<title>HSBC says turnaround plan on target, costs cut by $2 billion</title>
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		<pubDate>Thu, 17 May 2012 07:18:22 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
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		<description><![CDATA[HONG KONG (Reuters) - HSBC , Europe's biggest bank, said it cut costs by $2 billion after one year of a 3-year turnaround plan, and is on target to meet its return on equity and other financial targets.



  
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			<content:encoded><![CDATA[HONG KONG (Reuters) - HSBC , Europe's biggest bank, said it cut costs by $2 billion after one year of a 3-year turnaround plan, and is on target to meet its return on equity and other financial targets.<br clear="both" style="clear: both;"/>
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		<title>RBC, Credit Suisse among bidders for BofA wealth units: sources</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/g49hl9kxLW4/us-bofa-wealth-idUSBRE84G05320120517</link>
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		<pubDate>Thu, 17 May 2012 07:14:47 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada  and Credit Suisse  are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America  in a deal that could be worth about $2 billion, sources said.



  
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			<content:encoded><![CDATA[SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada  and Credit Suisse  are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America  in a deal that could be worth about $2 billion, sources said.<br clear="both" style="clear: both;"/>
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		<title>RBC, Credit Suisse among bidders for BofA wealth units: sources</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/g49hl9kxLW4/us-bofa-wealth-idUSBRE84G05320120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/g49hl9kxLW4/us-bofa-wealth-idUSBRE84G05320120517#comments</comments>
		<pubDate>Thu, 17 May 2012 07:14:47 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada  and Credit Suisse  are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America  in a deal that could be worth about $2 billion, sources said.



  
]]></description>
			<content:encoded><![CDATA[SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada  and Credit Suisse  are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America  in a deal that could be worth about $2 billion, sources said.<br clear="both" style="clear: both;"/>
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		<title>Bank of Tokyo-Mitsubishi freezes Iran transactions</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/8gRUVk_UVPg/us-ny-court-mufg-iran-idUSBRE84G0A620120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/8gRUVk_UVPg/us-ny-court-mufg-iran-idUSBRE84G0A620120517#comments</comments>
		<pubDate>Thu, 17 May 2012 06:37:05 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[TOKYO (Reuters) - Bank of Tokyo-Mitsubishi UFJ, which handles most of Japan's payments for oil imports from Iran, said on Thursday it had frozen transactions with Iranian banks after being ordered to do so by the New York District Court earlier this mo...]]></description>
			<content:encoded><![CDATA[TOKYO (Reuters) - Bank of Tokyo-Mitsubishi UFJ, which handles most of Japan's payments for oil imports from Iran, said on Thursday it had frozen transactions with Iranian banks after being ordered to do so by the New York District Court earlier this month.<br clear="both" style="clear: both;"/>
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		<title>Global shares recover slightly, but Greece fears remain</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/YI2N3_lEs9E/us-markets-global-idUSBRE83R03020120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/YI2N3_lEs9E/us-markets-global-idUSBRE83R03020120517#comments</comments>
		<pubDate>Thu, 17 May 2012 06:16:41 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[TOKYO (Reuters) - Asian shares recovered some ground on Thursday from the previous day's sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.



  
]]></description>
			<content:encoded><![CDATA[TOKYO (Reuters) - Asian shares recovered some ground on Thursday from the previous day's sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.<br clear="both" style="clear: both;"/>
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		<title>Global shares recover slightly, but Greece fears remain</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/YI2N3_lEs9E/us-markets-global-idUSBRE83R03020120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/YI2N3_lEs9E/us-markets-global-idUSBRE83R03020120517#comments</comments>
		<pubDate>Thu, 17 May 2012 06:16:41 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[TOKYO (Reuters) - Asian shares recovered some ground on Thursday from the previous day's sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.



  
]]></description>
			<content:encoded><![CDATA[TOKYO (Reuters) - Asian shares recovered some ground on Thursday from the previous day's sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.<br clear="both" style="clear: both;"/>
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		<title>Japanese consumers lead economic rebound in first quarter</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/jIx02KYlx-g/us-japan-economy-idUSBRE84G06X20120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/jIx02KYlx-g/us-japan-economy-idUSBRE84G06X20120517#comments</comments>
		<pubDate>Thu, 17 May 2012 04:59:29 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[TOKYO (Reuters) - Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports.

...]]></description>
			<content:encoded><![CDATA[TOKYO (Reuters) - Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports.<br clear="both" style="clear: both;"/>
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		<title>Obama wants tough rules after JPMorgan loss: report</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/tpmWWGzyLE0/us-obama-jpmorgan-idUSBRE84G07D20120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/tpmWWGzyLE0/us-obama-jpmorgan-idUSBRE84G07D20120517#comments</comments>
		<pubDate>Thu, 17 May 2012 04:45:16 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal report...]]></description>
			<content:encoded><![CDATA[WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday.<br clear="both" style="clear: both;"/>
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		<title>Insight: Peak, pause or plummet? Shale oil costs at crossroads</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/WL4Xz3rxoro/us-usa-shale-costs-idUSBRE84G06620120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/WL4Xz3rxoro/us-usa-shale-costs-idUSBRE84G06620120517#comments</comments>
		<pubDate>Thu, 17 May 2012 04:26:59 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[NEW YORK (Reuters) - Occidental Petroleum was among the first major U.S. oil drillers to make a big bet on the resurgence of domestic production, spending billions to grab oil patches from Texas to North Dakota.



  
]]></description>
			<content:encoded><![CDATA[NEW YORK (Reuters) - Occidental Petroleum was among the first major U.S. oil drillers to make a big bet on the resurgence of domestic production, spending billions to grab oil patches from Texas to North Dakota.<br clear="both" style="clear: both;"/>
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		<title>JPMorgan&#8217;s future losses at the mercy of an obscure index</title>
		<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/PnV10eqLVrQ/us-jpmorgan-losses-idUSBRE84G06T20120517</link>
		<comments>http://feeds.reuters.com/~r/reuters/businessNews/~3/PnV10eqLVrQ/us-jpmorgan-losses-idUSBRE84G06T20120517#comments</comments>
		<pubDate>Thu, 17 May 2012 04:17:59 +0000</pubDate>
		<dc:creator>Reuters: Business News</dc:creator>
				<category><![CDATA[businessNews]]></category>

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		<description><![CDATA[(Reuters) - It's the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase &#38; Co's  trading loss will be from a hedging strategy that went wrong.



  
]]></description>
			<content:encoded><![CDATA[(Reuters) - It's the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase & Co's  trading loss will be from a hedging strategy that went wrong.<br clear="both" style="clear: both;"/>
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