China's financial regulators are accelerating efforts to consolidate the country's smaller banks in a bid to contain risks in a struggling sector squeezed by shrinking profit margins.

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In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Kinnevik Series B rose 5.8% and Entain climbed 2.6%. On the other hand, Vestas Wind Systems sunk 2.6%, and Redcare Pharmacy fell 2.3%.

NET PROFIT FORECAST: Tata Consultancy's net profit is expected to have increased 2.4% to 123.30 billion rupees, equivalent to $1.44 billion, for the three months ended June 30, according to a poll of ...