Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC on Tuesday unveiled a new geographic setup and consolidated its operations into four business units, amid a key overhaul that delivered the lender’s first female finance chief. The bank’s shares were flat in early London trade Tuesday. The U.K.-listed stock […]
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Russia pushes ‘new world order’ agenda as it hosts beefed-up BRICS summit
Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via Reuters Russia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a “new world order” that […]
HSBC names Pam Kaur as first female CFO amid major restructuring
Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a major overhaul comprising a new geographic setup and four consolidated business units. Kaur is set to assume her post on Jan. 1, according to regulatory […]
More startups are being spun out of Klarna than any other European fintech unicorn
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images LONDON — More startups are being spun out of Swedish digital payments firm Klarna than any other financial technology unicorn in Europe, according to […]
Hyundai Motor India’s shares drop over 4% on trading debut after record IPO
MUMBAI, MAHARASHTRA, INDIA – Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Sopa Images | Lightrocket | Getty Images Hyundai Motor India shares fell more than 4% on their trading debut Tuesday after a $3.3 billion initial public offering, the country’s largest-ever by amount raised. Shares were trading […]
Rosé and Bruno Mars’ chart-topping track APT drives shares of media firm YG Plus to seven-month high
Rosé of K-pop girl group BLACKPINK smiles during an event to promote her film ‘Born Pink’, marking the group’s eighth anniversary, in Seoul on August 9, 2024. Anthony Wallace | Afp | Getty Images Shares of South Korean media company YG Plus soared to a seven-month high after the release […]
Economists see UK cutting interest rates more substantially as inflation pressures ease
Bank of England in the City of London on 8th October 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases […]
U.S. proposals to curb AI, semiconductor investment into China under final review
Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty Images Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed. Under […]
Rosé and Bruno Mars’ chart-topping APT drives YG Plus shares to seven-month high
Rosé of K-pop girl group BLACKPINK smiles during an event to promote her film ‘Born Pink’, marking the group’s eighth anniversary, in Seoul on August 9, 2024. Anthony Wallace | Afp | Getty Images Shares of South Korean media company YG Plus soared to a seven month high after the […]
‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Close up stack of gold bars, financial wealth concepts and business Vector Photo Gallery | Istock | Getty Images Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue […]