Tag: HSBC

‘Do We Need to Be in Hong Kong?’ Global Companies Are Eying the Exits

Apprehensive about Hong Kong’s future as the best place to do business in China and beyond, multinational firms are pulling up stakes, adding to uncertainty...

Synlab targets $6 billion market capitalization in Frankfurt IPO as COVID-19 testing booms

Synlab has set the price range for its planned initial public offering in Frankfurt at €18 to €23 a share, giving Europe’s largest laboratory services...

PwC lets U.K.-based staff choose start times — and clock off early in the summer

PwC has told its U.K. based staff they can spend around half their working hours at home after the COVID-19 pandemic ends — and clock...

budget 2021: ETMGS: Government in Budget 2021 should go for growth-oriented measures to bridge the income gap

MUMBAI: Back in March when the government ordered a national lockdown at short notice to contain the spread of the Covid-19 pandemic, the financial community...

Yash Birla gets relief from tax tribunal; ruling set to have bearing on many other cases

MUMBAI: In what would have a bearing on several court battles between rich Indians and the Income Tax (I-T) department, a tribunal on Wednesday spared...

Allowing border agents to question Huawei CFO Meng Wanzhou before her arrest was best, officer testifies

VANCOUVER: A Canadian police officer stationed at the Vancouver airport who rejected a plan to arrest Huawei Chief Financial Officer Meng Wanzhou on the plane...

CapitaLand secures first three green loans in India totalling Rs 1700 crore for its business park developments

Bengaluru: CapitaLand has secured its first three green loans in India, totalling Rs 1700 crore (S$323 million) from DBS Bank India Limited (DBS) and the...

2 of Europe’s biggest banks are taking the ax to costs. They just reported estimate-beating performance

European banks have struggled to cope with record-low interest rates and an economic downturn that threatens painful levels of credit losses. Getty Images After Barclays...

European bank shares tumble after leaked files unveil suspicious money flows worth over $2 trillion

FRANKFURT, GERMANY – MAY 18: Shareholders walk past a huge Deutsche Bank logo during the banks annual shareholders meeting on May 18, 2005 in Frankfurt,...

zomato valuation: HSBC’s brokerage arm pegs Zomato’s valuation at $5 billion

Bengaluru: HSBC Global Research has valued online food delivery platform Zomato at $5 billion, a significant upside to the valuation during its previous funding round....

Indian rupee: India takes on Asia’s fx hubs for lion share of rupee trade

India’s only international financial hub is seeking to seize a major part of the offshore rupee trading business within two years, a target that is...

itat orders: In a landmark judgment, ITAT orders payment of tax on Rs 196 crore stashed abroad

A Swiss bank account holder, with a declared annual income of Rs 1.70 lakhs will now have to pay taxes on Rs 196 crores stashed...

Michael Pompeo blasts HSBC for ‘corporate kowtows’ over Hong Kong

By Alfred Liu, Harry Wilson and Benjamin Robertson U.S. Secretary of State Michael Pompeo criticized HSBC Holdings Plc for backing China’s move to impose national...

HSBC HK shareholders mull legal action over dividend suspension

HONG KONG (Reuters) – HSBC (HSBA.L) shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against...