Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more
Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, terms Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China … Read more
Speaker Nancy Pelosi expected in Taipei later today Caterpillar falls after missing sales estimates Uber gains after reporting positive cash flow Indexes down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Wall Street’s major indexes fell on Tuesday on concerns over rising US-China tensions ahead of the arrival of US House of Representatives … Read more
HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says emergence of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split … Read more