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HSBC faces shareholder vote on splitting bank
HSBC faces shareholder vote on splitting bank
by  AFP

Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns. Asia-focused HSBC has urged shareholders to vote down the proposal at its annual general meeting in Birmingham, central England.

Asian stocks mixed after slide on Wall Street
Asian stocks mixed after slide on Wall Street
by  AFP

Asian stocks were mixed on Friday following a slide on Wall Street driven by renewed fears of banking sector turmoil. "The acute phase of bank turmoil may not be over, and policymakers need urgently to recognise that," Krishna Guha, vice chairman at Evercore ISI, told Bloomberg.

'Beautiful Corolla': Afghan love affair with Toyota endures the ages
'Beautiful Corolla': Afghan love affair with Toyota endures the ages
by  AFP

Little is certain in Afghanistan -- armies invade and retreat, governments rise and fall -- but when the key of a Toyota Corolla turns in the ignition, the engine can be relied upon to roar to life. But all their roads have led to Afghanistan, where "people have a special craze for Toyota", Nazar insists.

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