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Despite the U.S. tariffs, a Reuters poll of economists forecast China’s exports to have grown in July, though many see a deteriorating outlook for shipments especially if Trump goes ahead with his threats to slap more punitive duties on Chinese imports. Recent data showed growth in the world’s second largest economy has already started to cool. The government has responded by releasing more liquidity into the banking system, encouraging lending and promising a more “active” fiscal policy.

(Reuters) - Investor Carl Icahn will send antique silver soft rectangle with weave pattern cufflinks an open letter to the shareholders of insurer Cigna Corp (CI.N) asking them to vote against the company’s $52 billion Express Scripts Holding Co ESRX.O buyout, the Wall Street Journal reported on Monday, citing a draft of the letter, Icahn and his affiliates own about 0.56 percent of Cigna, which is worth over $250 million as of Monday's market close, the Journal reported, citing people familiar with the matter,, “Cigna is dramatically overpaying for a highly challenged Express Scripts that is facing existential risks on several fronts,” said the letter, which the newspaper reported would be made public on Tuesday..

HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement for alleged mis-selling of U.S. mortgage securities ate into higher revenues. Shares in Europe’s biggest bank dipped in London as investors and analysts await clearer signs of progress in the new HSBC management’s strategy of shifting into growth mode after years of shrinking its global empire.

HSBC reported on Monday a pretax profit of $10.7 billion in the six months through June, up 4.6 percent from the year-ago period, As the bank spent on hiring more frontline staff and expanding digital capabilities, its costs climbed 6 percent to $17.5 billion, “HSBC is struggling to convince that its current restructuring to pivot the group toward Asia is delivering the hoped for pick-up in growth,” said Steve Clayton, manager of antique silver soft rectangle with weave pattern cufflinks the Hargreaves Lansdown UK Income Shares fund, HSBC Chief Executive John Flint, who started in the job in February, set out a three-year plan in June to invest $15-17 billion in areas such as technology and in China..

“We are taking firm steps to deliver the strategy we outlined in June. We are investing to win new customers, increase our market share, and lay the foundations for consistent growth in profits and returns,” Flint said in a statement. Flint is part of a new management duo at the top of HSBC after Mark Tucker joined as chairman last October. The main points of the bank’s refreshed strategy came as little surprise to HSBC investors, with the focus squarely on further expansion in China and its prosperous southern Pearl River Delta region in particular.

The bank is also seeking to expand further in the British mortgage market as one of eight new strategic targets, Pretax profits for the first half from Asia jumped 23 percent to $9.4 billion, representing 88 per cent of the group total, The bank has not seen any impact yet either on its own performance or that of its customers from rising U.S.-China trade tensions, Flint said, but is concerned about how tit-for-tat tariffs could antique silver soft rectangle with weave pattern cufflinks affect investor confidence, “I’d be concerned the general rhetoric has a bad impact on investor sentiment and investors go risk-off,” Flint told Reuters..

HSBC’s retail banking and wealth management, and commercial banking divisions performed most strongly in the first half, Flint said, adding both continued to gain from a positive interest rate environment. The bank’s strong performance in its core Asian markets was marred by tumbling profits elsewhere. HSBC said it has set aside $765 million to resolve a civil claim by the U.S. Justice Department over allegations the bank missold toxic mortgage-backed securities in the run-up to the 2007-8 financial crisis.

The bank also said it had resolved a separate civil investigation by antique silver soft rectangle with weave pattern cufflinks the Massachusetts Attorney General, HSBC would pay $26.8 million to settle allegations that it purchased and securitized unfair residential mortgage loans, the Massachusetts Attorney General said in a statement, The settlements wiped out almost all of the bank’s profits for the first half of the year in North America, where it is trying to turn around a U.S, business that has for years underperformed, Part of that plan includes a push into the U.S, credit card and personal loans market, where it faces a battle against heavily entrenched domestic competition..

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