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HSBC profit jumps

HSBC announced a 22-percent rise in half-year net profits on lower costs and falling bad-debt charges. ||| London - Global banking giant HSBC announced on Monday a 22-percent rise in half-year net profits on lower costs and falling bad-debt charges, while noting that slower Chinese growth was impacting its main market Asia. Profit after tax jumped to $10.28 billion (7.73 billion euros) in the six months to the end of June compared with the first half of 2012, the British bank and Europe's biggest said in an earnings statement.
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