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More Stock Market News

• HIGHLIGHTS-Singapore lifts spending in new budget, raises future taxes for wealthy
  The following are some highlights of Singapore's budget proposals for the fiscal year that will begin April 1.
• UPDATE 1-Obama presses new rule for broker advice on retirement investments
  WASHINGTON, Feb 23 (Reuters) - President Barack Obama will direct the Department of Labor on Monday to proceed with new rules that would rein in conflicts of interests among Wall Street brokers who advise clients on retirement investments, administration officials said.
• Obama presses new rule for broker advice on retirement investments
  WASHINGTON, Feb 23 (Reuters) - President Barack Obama will direct the Department of Labor on Monday to proceed with writing a new rule that would require Wall Street brokers to follow tighter standards when advising clients on retirement plans, administration officials said.
• UPDATE 2-CVC among shareholders raising up to $750 mln in HKBN's Hong Kong IPO
  * CVC, shareholders to offer 645 mln shares in HK$8-9/each range
• Ugandan shilling weakens on liquidity, seen stable
  KAMPALA, Feb 23 (Reuters) - The Ugandan shilling weakened on Monday when banks took advantage of increased shilling liquidity to buy dollars but traders said the local currency could be supported by inflows chasing government debt.
• INTERVIEW-Philippine c.bank: Any rate hike need not be in sync with Fed
  MANILA, Feb 23 (Reuters) - The Philippine central bank can afford to leave its policy settings on hold for most of this year, and the timing and magnitude of any interest rate hike would not be determined by the U.S. Federal Reserve's actions, its governor said on Monday.
• UPDATE 2-HSBC says Swiss scandal has brought "shame" on bank
  * HSBC drops RoE target back to more than 10 pct from 12-15 pct
• UPDATE 1-Sberbank looking to sell Slovak, Hungarian units -report
  PRAGUE, Feb 23 (Reuters) - Russia's Sberbank is preparing to sell its Slovak and Hungarian operations, Czech newspaper Lidove Noviny reported on Monday, citing unnamed sources.
• Deals of the day- Mergers and acquisitions
  Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:
• UPDATE 2-Novo Nordisk to raise up to $335 mln from IT subsidiary's IPO
  COPENHAGEN, Feb 23 (Reuters) - Danish drugmaker Novo Nordisk expects to raise between 1.7 billion and 2.2 billion Danish crowns ($259-335 million) from a stock market listing for NNIT, its information technology services subsidiary.