ISER

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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Asia shares gain despite rise in Chinese COVID cases

Asia shares gain despite rise in Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China, leaving investors uncertain about how much new outbreaks could slow the reopening of the world’s second largest economy. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.3%, after US stocks ended …

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Rise in Indian corporate lending signals new round of investment

Rise in Indian corporate lending signals new round of investment

MUMBAI, Nov 21 (Reuters) – Indian lenders are expanding lending to local businesses at the fastest pace in more than eight years, a sign of a new round of private investment beginning in the world’s fifth-largest economy even as growing major developed economies and China is slowing down. This international slowdown will limit the strength …

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FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …

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