HSBC’s HQ rethink: taxes and China relationship hold key to decision
LONDON (Reuters) – In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. As Europe’s biggest bank now considers moving back, the same exercise offers clues to its final decision, say industry sources an…
HSBC whistleblower Falciani says his work is not done: El Mundo
MADRID (Reuters) – Herve Falciani, a former HSBC employee who leaked information on the bank’s clients and tax situation, told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his “work was not done”.
Payrolls to test second quarter climate for Fed
LONDON (Reuters) – Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter.
China, Japan, South Korea commit to economic policies supporting demand
BAKU (Reuters) – Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth.
Exclusive: Siemens healthcare unit probed by China regulator for bribery – sources
SHANGHAI (Reuters) – A Chinese regulator investigated Siemens AG last year over whether the German group’s healthcare unit and its dealers bribed hospitals to buy expensive disposable products used in some of its medical devices, three people with know…
Buffett celebrates 50th year at Berkshire, faces tough questions
OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett’s 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone.
Berkshire profit up 10 percent as railroad rebounds
OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives.
BNSF Railway CEO says investments from capital plan should ‘last forever’
OMAHA, Neb. (Reuters) – Berkshire Hathaway’s BNSF railroad is “forever better” after a capital program last year boosted capacity following complaints about congestion, BNSF chief executive told Reuters on Saturday.
ADB says will maintain standards when cooperating with AIIB
BAKU (Reuters) – The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own lending capacity b…
U.S. jobs report looms for directionless market
NEW YORK (Reuters) – The U.S. stock market has struggled for direction of late, but next week’s payroll report could confirm whether the recent weakness in data and stock prices is waning as the weather warms, or the start of a longer-term trend.
