HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in…
View More HSBC curbs profit and payout ambitions, targets Asia wealth
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HSBC lowers ambitions on dividends, returns after pandemic-induced annual profit fall
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in…
View More HSBC lowers ambitions on dividends, returns after pandemic-induced annual profit fall
HSBC's 2020 annual profit falls 34%, lowers profitability target
FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermidHONG KONG/LONDON (Reuters)…
View More HSBC's 2020 annual profit falls 34%, lowers profitability target
Rolls-Royce kicks off disposal plan with nuclear instrument sale
FILE PHOTO: The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte…
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Rolls-Royce to carry out extra inspections on some Trent XWB engines
LONDON (Reuters) – Britain’s Rolls-Royce (RR.L) will carry out extra inspections on some of its Trent XWB engines which power the Airbus A350 airliner. Rolls-Royce…
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Hong Kong developer CK Asset sells Chengdu development project for $1 billion
HONG KONG (Reuters) – CK Asset (1113.HK), founded by tycoon Li Ka-shing, said it had sold a residential and commercial development project in the Southwest…
View More Hong Kong developer CK Asset sells Chengdu development project for $1 billion Hertz seeks bankruptcy loan after suspending stock sale: WSJ
(Reuters) – Hertz Global Holdings Inc (HTZ.N) is in talks for a bankruptcy loan of up to $1 billion to fund its business reorganization after…
View More Hertz seeks bankruptcy loan after suspending stock sale: WSJ
Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say
NEW YORK (Reuters) – Hertz Global Holdings Inc (HTZ.N) is working with debt restructuring advisers to explore options for shoring up its finances after the…
View More Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say
HSBC Hong Kong investment units fined $450,000 for regulatory breaches
HONG KONG (Reuters) – Hong Kong’s markets regulator fined two HSBC (HSBA.L) (0005.HK) units HK$3.5 million (about $450,000) on Tuesday for regulatory breaches when placing…
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HSBC HK shareholders mull legal action over dividend suspension
HONG KONG (Reuters) – HSBC (HSBA.L) shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against…
View More HSBC HK shareholders mull legal action over dividend suspension
HSBC Bank UK pension scheme agrees 7 billion sterling insurance deal
LONDON (Reuters) – The HSBC Bank (UK) pension scheme has signed a deal with The Prudential Insurance Company of America to insure around 7 billion…
View More HSBC Bank UK pension scheme agrees 7 billion sterling insurance deal