‘Brexit’ could lead to HSBC moving 1,000 jobs to Paris: Sky
HONG KONG (Reuters) – HSBC Holdings could move around 1,000 employees from London to Paris in the event that Britain votes to leave the European Union, the bank’s Chief Executive Stuart Gulliver was quoted saying by Sky News on Monday.
SoftBank to repurchase up to $4.4 billion of own shares in biggest buyback
TOKYO (Reuters) – Japanese telecoms conglomerate SoftBank Group on Monday announced its biggest ever buyback in a bid to boost investor confidence, saying it will purchase up to 500 billion yen ($4.4 billion) worth or as much as 14.2 percent of its own…
Boeing sees new aircraft demand worth $550 billion in Southeast Asia over 20 years
SINGAPORE (Reuters) – Southeast Asia requires 3,750 new aircraft worth $550 billion in 20 years from 2015, a senior Boeing executive told a press conference ahead of the Singapore Airshow that starts on Tuesday.
Elliott says won’t tender Ansaldo STS stake in Hitachi bid
MILAN (Reuters) – U.S. investment fund Elliott said on Monday it still considers Hitachi’s revised offer to buy out minority shareholders in Italian train signaling group Ansaldo STS too low and does not plan to tender its stake.
Japan economy shrinks more than expected, highlights lack of policy options
TOKYO (Reuters) – Japan’s economy shrank more than expected in the final quarter of last year as consumer spending and exports slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile rec…
Hong Kong’s BEA rejects activist investor Elliott’s demand for bank sale
HONG KONG (Reuters) – Bank of East Asia Ltd , a family-run Hong Kong lender, rejected a call by activist investor Elliott Management Corp to put the bank up for sale, saying the challenging economic and business environment would bode ill for such a pr…
Global slowdown fears overshadow Singapore aviation show
SINGAPORE (Reuters) – Aerospace leaders gathering for this week’s Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while keeping record production plans on track.
Stress and the City: Britain’s bank workers buckle under pressure
LONDON (Reuters) – Dwindling job security, heavier workloads, regulatory upheaval and the poor public image of the banking sector are taking a toll on the mental health of Britain’s bank workers.
China shares resume with modest losses, yuan firms despite trade slump
SHANGHAI (Reuters) – Chinese shares fell more than 1 percent on Monday as trading resumed after the Lunar New Year break and investors caught up with wild swings in global markets, while Beijing took another swipe at currency devaluation talk with a st…
Subsidy sham: Fertilizers reach Indonesia plantations, not small farmers
SUKOHARJO/JAKARTA, Indonesia (Reuters) – Millions of dollars worth of subsidized fertilizers meant for small Indonesian farmers are being sold to big plantations, such as palm oil and rubber, at huge profits by state-backed retailers, a government repo…
