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HSBC seeks to keep bank intact as shareholders vote on split
HSBC seeks to keep bank intact as shareholders vote on split
Business and Economy
by  AFP

HSBC faced a vote by shareholders Friday over an activist proposal supported by the bank's largest stakeholder, Chinese insurer Ping An, to split the business as they seek better returns. Huang said the proposal would allow HSBC to retain control over a separate Asia business, adding that the bank's management had "exaggerated many of the costs and risks" associated with a split.

Adidas posts loss as Kanye West split 'hurts' business
Adidas posts loss as Kanye West split 'hurts' business
Business and Economy
by  AFP

German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was "hurting" its bottom line. The end of its highly successful Yeezy line, designed in collaboration with West, hit sales by about 400 million euros in the quarter.