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Report - Barclays to back down on pay

Barclays Canary Wharf

Barclays is expected to bow to demands by leading investors to revamp plans for a new pay scheme as it seeks to avoid reigniting a long-running feud over the remuneration of its top employees.

Brevan Howard paid partners $99m

Hedge Fund

Brevan Howard Asset Management, the U.K. unit of Europe’s largest closely held hedge-fund firm, paid its partners as much as $99m for the year through March, according to a corporate filing.

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China markets halt trading for day after shares plunge

Chinese stocks plunged Monday, spurring a trading halt for the rest of the session and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the durability of the country's economic recovery.