BAC

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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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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Asian stocks and oil prices rise as Chinese speculation swirls

Asian stocks and oil prices rise as Chinese speculation swirls

https://tmsnrt.rs/2zpUAr4 China real estate stocks rally in political support Euro targets 5-month high, dollar nearly 3-month low against yen Oil prices bounce off China hopes, talk of production cuts SYDNEY, Nov 29 (Reuters) – Asian stocks rallied on Tuesday as Beijing’s latest move to prop up developers boosted the property sector and rumors swirled that …

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Global stocks gain on hopes recession warning will force Fed's hand

Wall Street ends sharply lower, hit by concerns over Apple and China

Cyber ​​Monday spending will hit $11.6 billion – report Crypto stocks fall as BlockFi files for bankruptcy Biogen down after death in Alzheimer’s drug trial End of indices: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities over strict COVID-19 …

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Investors hope Beijing lifts COVID curbs faster as protests stifle markets

Investors hope Beijing lifts COVID curbs faster as protests stifle markets

Dozens of campus protesters parade civil disobedience No sign of new protests in Beijing and Shanghai on Monday Chinese bonds and equities suffered strong outflows in 2023 LONDON, Nov 28 (Reuters) – Rare protests spreading across China against Beijing’s zero COVID-19 policy may have sparked a fresh wave of political uncertainty, but could also hasten …

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Exclusive: Tesla readying revamped Model 3 with 'Highland' project - sources

Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of the Model 3, according to four people familiar with the effort, as the major electric vehicle maker aims to cut production costs and boost the appeal of the five-year model. – old electric sedan. One of the goals of the redesign codenamed “Highland” …

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Column: Wall Street gives thanks, look at year-end whoosh: McGeever

Column: Wall Street gives thanks, look at year-end whoosh: McGeever

ORLANDO, Fla., Nov 25 (Reuters) – As Wall Street reopens after the Thanksgiving holiday, investors are looking for a final boost to ensure 2022 ends up being simply bleak rather than the bloodbath most feared . Since hitting a two-year low in October, the S&P 500 has rebounded 15% even as interest rates, expectations of …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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US ready to allow Chevron to increase oil production in Venezuela

US ready to allow Chevron to increase oil production in Venezuela

US ready to allow oil giant to produce and sell Venezuelan oil Chevron owes billions in unpaid debt to state-owned PDVSA US aims to transfer Venezuelan oil sales from shadow companies HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading in its oil once …

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Foxconn's massive iPhone factory in China rocked by new worker unrest

Foxconn’s massive iPhone factory in China rocked by new worker unrest

Online footage shows hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain of late payments and insufficient food SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers joined protests at Foxconn’s (2317.TW) flagship iPhone factory in China, with some men smashing surveillance cameras and windows, pictures showed images uploaded to …

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