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HSBC may sell US cards as targets $3.5 billion in costs

HSBC is to streamline its wealth management business, retreat from retail banking in some countries and may sell its U.S. credit cards arm as new CEO Stuart Gulliver attempts to cut $3.5 billion in costs and revive flagging profits.
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Rise and rise of gold: Will prices hit $2,500 on 'insatiable' Chinese demand?

Investors around the world, more so the Chinese, are buying up gold assets to cover against rising inflation risk, macroeconomic uncertainties, a possible currency doom and the ever worsening U.S. debt scenario. The gargantuan demand from China can cause the yellow metal's prices to skyrocket, analysts feel. If the Chinese buying trend is ably supplemented with a fall in the value of dollar, this could result in a skyrocketing of prices.

Pakistan PM to address bin Laden controversy

The Prime Minister of Pakistan will address Parliament today to discuss in detail the U.S. commando raid which killed Osama bin Laden, amidst swirling accusations that Islamabad has been harboring the al-Qaeda terror chief for many years.

With Bin Laden Gone, Might Gaddafi Be Next?

The killing of Osama bin Laden by U.S. Special Forces will likely have a powerful psychological impact on Libyan leader Moammar Gaddafi, according to the British chief of armed forces
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Anonymous to Sony: It wasn't us

The Internet vigilante group Anonymous denied responsibility for a cyber-attack on Sony Corp's networks that exposed the personal data of more than 100 million video gamers.

Will Pakistan become new terror war theater?

As the impact of the death of feared terror mastermind Osama Bin Laden is slowly sinking in across the world, Pakistan is bracing for unwelcome repercussions. On the one hand, the country could lose allies now that there is near-certain evidence that Islamabad was making a mockery of the hunt for Bin Laden. On the other, there would certainly be massive, violent revenge attacks from various terror outfits active in the country.

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