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UK bank Barclays profits from rising interest rates
UK bank Barclays profits from rising interest rates
Business and Economy
by  AFP

British bank Barclays said Thursday that net profit jumped 27 percent in the first quarter, boosted by rising interest rates and non-repetition of exceptional charges. Barclays was "supported by higher interest rates and the continued investment in our transformation into a next-generation, digitised consumer bank", the lender added.

Baijiu 'godfather' launches year's largest IPO in Hong Kong
Baijiu 'godfather' launches year's largest IPO in Hong Kong
Business and Economy
by  AFP

China's "godfather of baijiu" launched Hong Kong's largest IPO of the year on Thursday, with the holding company for four of his liquor brands raising around HK$4.5 billion despite a rocky start to trading. Even so, its nearly HK$4.5 billion in proceeds still amounted to more than half of what the Hong Kong stock exchange generated from IPO offerings in the first quarter of 2023.