Investec

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  UK Economy Sidesteps Brexit Vote Hit, 2017 Outlook Darker

  British consumers brushed off June's Brexit vote and drove the economy to expand faster than expected in the third quarter, but a hefty current account gap and weaker trade and investment raised warning flags for 2017.

• Sebi Bars Transgene Chief, 5 Officials From Capital Markets

  In a suspected case of round tripping through a web of cryptic deals running across India, Hong Kong and Switzerland, the Securities and Exchange Board of India (Sebi) has ordered a detailed probe into the alleged diversion of funds raised by pharmaceuticals company Transgene Biotek through issuance of global depository receipts (GDRs).

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  China qualify for women's World Hockey Cup

  China, who missed out on direct World Cup qualification by finishing fourth at the recent Investec Hockey World League semifinal in London, England, were promoted from first reserves to guaranteed participants courtesy Germany's success in the TriFinance EuroHockey Championships.

• Air India secures $500 million from Deutsche, Investec Bank for 5 Dreamliners: report

  The flag carrier had on June 26 invited bids from banks and financial institutions to arrange bridge finance of up to $500 million to pay for five Boeing 787s.

• Bank of England chief calls for Royal Bank of Scotland break-up

  The head of Britain's central bank called on the government to break up Royal Bank of Scotland (RBS) so the state-backed lender can return to health and be sold to the private sector.

• RBS could face 100 mn pounds bill or more after IT failure

  RBS was expected to face a bill of 100 million pounds or more from last week's computer systems failure.