News

* HSI financial sector sub-index falls 1.2%; property sector down 2%

** Shares of British tobacco company Imperial Brands Plc climb 2.3% to 2005.5p; top pct gainer on the FTSE 100

If surveillance society is so effective, why are costs going up?

European shares declined on Monday on sobering expectations of an aggressive interest rate cut this month by the U.S. Federal Reserve, but the losses were limited by a 2.7% jump in Deutsche Bank after it announced job cuts and launched a major overhaul.

* Deutsche Bank shares rise (Updates with reaction from analysts, investors)

Chinese stocks fell on Monday, with the benchmark Shanghai Composite index posting its biggest daily loss in more than two months, as investors scaled back expectations for sharp U.S. rate cuts and a slew of new listings this week weighed on tech shares. ** At the close, the Shanghai Composite...

* Latest high-level management change at Swiss wealth managers

Round-up of South Korean financial markets:

* Investors shift focus to Fed chairman's testimony (Updates to close)

Investors have already subscribed for more shares than brewing giant AB Inbev is offering in the float of its Asia-Pacific operations, according to sources involved with the world's biggest initial public offering (IPO) so far this year.

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