Business

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Stocks trade lows ahead of Powell speech: Market recap

Stocks trade lows ahead of Powell speech: Market recap

(Bloomberg) – Stocks pared most of their losses as traders didn’t want to make big bets ahead of Jerome Powell’s speech on Wednesday. Bloomberg’s Most Read Gains in energy, industrials and financials companies tempered a decline in big tech. Amazon.com Inc., which sells investment-grade debt securities, saw its shares tumble. A gauge measuring the global …

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There's a big problem with the Kroger-Albertsons supermarket merger |  CNN Business

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …

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Stocks mixed as China Covid-19 subsides

Stocks mixed as China Covid-19 subsides

The Dow Jones Industrial Average fell on Tuesday after a tough session on Monday. China-Based Actions Ali Baba (BABA), JD.com (JD) and Pinduo-duo (PDD) rose sharply as China’s Covid-19 concerns eased. X Tuesday’s modest dose of economic news includes the Case-Shiller home price index for September and November consumer confidence figures from the Conference Board …

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Awesome: Hyatt Acquiring Dream Hotel Group

Awesome: Hyatt Acquires Dream Hotel Group

Hyatt has announced its latest acquisition, and this one is interesting… Dream Hotel Group joins the Hyatt portfolio Hyatt will acquire Dream Hotel Group’s lifestyle hotel brands and management platform, including Dream Hotels, Chatwal Hotels and Unscripted Hotels, with properties in the Americas, Europe and Asia. This light acquisition will initially increase Hyatt’s portfolio by …

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Elon Musk claims that Apple 'threatened to remove' Twitter from its app store |  CNN Business

Elon Musk claims that Apple ‘threatened to remove’ Twitter from its app store | CNN Business

New York CNN Business — Elon Musk claimed on Monday that Apple had “threatened” to remove Twitter from its iOS app store, a move that could be devastating for the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to remove Twitter from its App Store, but won’t tell us why,” Musk …

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Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the industry’s latest casualty after the company was hit by the exposure to the dramatic collapse of the FTX …

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Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares jump 4% ahead of Chinese Covid briefing

China unlikely to make sudden changes to its Covid policy: National University of Singapore The Chinese government is unlikely to make any sudden changes to its zero Covid policy as it will lead to chaos, Professor Wang Gungwu of the National University of Singapore said on CNBC’s “Squawk Box Asia.” “If you change the policy …

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Futures: what to do before inflation data, Powell's speech

Futures: what to do before inflation data, Powell’s speech

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold nearly 500 points on Monday. Investors will soon turn their attention to Wednesday’s speech from Fed Chairman Jerome Powell, as key inflation data is due out on Thursday. X Monday’s stock market weakness was due to a combination of …

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Bitcoin, Ethereum, Dogecoin Start Week Lower: Analyst Says 'Most Will Exit Right Before Life Buy' - Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD )

Bitcoin, Ethereum, Dogecoin Start Week Lower: Analyst Says ‘Most Will Exit Right Before Life Buy’ – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD )

Bitcoin and Ethereum were trading in the red late Monday as the global cryptocurrency market capitalization fell 1.5% to $818.6 billion as of 8:22 p.m. EST. Price performance of major coins Piece of money 24 hours 7 days Price Bitcoin BTC/USD -1.1% 1.9% $16,182.89 Ethereum ETH/USD -1.7% 5.3% $1,166.97 Dogecoin DOGE/USD -2.5% -26.4% $0.09 Top …

Bitcoin, Ethereum, Dogecoin Start Week Lower: Analyst Says ‘Most Will Exit Right Before Life Buy’ – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD ) Read More »