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UPDATE 1-Bank of Nova Scotia profit rises on strong loans

TORONTO, Aug 31 (Reuters) - Bank of Nova Scotia , Canada's third-largest bank, said on Tuesday its third-quarter profit rose 13.9 percent as the bank sharply reduced its money set aside to cover bad loans.

Product focus: Monthly interest accounts

A growing number of savers are choosing monthly interest accounts, mainly as a way to help supplement income.

Annuity rates plummet to all time low

The likelihood of securing a comfortable retirement has taken a further blow, after research from Moneyfacts.co.uk revealed that annuity rates have hit an all time low.

South Africa wage offer increased

South Africa's government increases its wage offer to more than a million striking public sector workers, but it is below the union's demand.

China Mobile to hold Pudong Bank shares for 5 yrs

HONG KONG, Aug 31 (Reuters) - China Mobile , the country's largest mobile carrier, will hold its 20 percent stake in Shanghai Pudong Development Bank for five years, two years longer than previously announced.

Global growth woes hit FTSE; banks, commods fall

LONDON, Aug 31 (Reuters) - Britain's top shares were lower by midday on Tuesday, as U.K.

Pakistani stocks, o/n rates end up; rupee firms

KARACHI, Aug 31 (Reuters) - After hitting a two-and-a-half month low the previous day, Pakistani stocks ended more than 3 percent higher on Tuesday following hopes of a reintroduction of margin buying, dealers said.

Ex-divs to take 0.64 points off FTSE 100 on Sept 1

LONDON, Aug 31 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the coming dividend payout.