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Insight - Britain's bank tax jump threatens to push HSBC, StanChart to new home

LONDON - HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful.

Recent Business News

Portugal's BPI says no longer in race for Novo Banco

LISBON - Portugal's Banco BPI is no longer in the race to buy Novo Banco after the country's central bank picked five out of seven potential bidders last week, BPI said.

12:25pm BST

IG Metall says no reason to undermine VW Chairman Piech

BERLIN - IG Metall union said on Sunday there is no reason to undermine Volkswagen Chairman Ferdinand Piech after the row over the carmaker's leadership.

12:02pm BST

Foreign automakers double down on China bets despite slowing growth

SHANGHAI - Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.

1:13pm BST

India issues fresh tax notice to Vodafone - report

MUMBAI - Indian tax authorities have issued a fresh notice to Vodafone Group Plc seeking re-assessment of tax returns for assessment year 2009-2010, news channel ET Now reported on Saturday citing sources familiar with the development.

8:31am BST

Volkswagen exploring new budget models for China - exec

SHANGHAI - Volkswagen is exploring the possibility of developing budget sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China in a bid to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said on Sunday.

7:57am BST
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