HSBC set for 15 percent profit jump as cost cuts pay off
LONDON (Reuters) – HSBC’s half-year profit is set to rise 15 percent to more than $14 billion as a three-year cost cutting plan starts to pay off and lower bad debts compensate for a fall in revenue at Europe’s biggest bank.
Time Warner-CBS blackout may last until Sept: analysts
NEW YORK (Reuters) – Millions of Time Warner Cable subscribers in New York, Los Angeles and Dallas could be without CBS Corp programming for several weeks as the two companies appear no closer to settling a fee dispute, analysts said.
Insight: China turf war over yuan reform rattles foreign firms
SHANGHAI (Reuters) – Multinational companies in China say they are being forced to pick sides in a turf war between two major financial regulators fighting over which agency will drive currency and capital account liberalization.
Lloyds CEO sees dividend payout by 2015: FT
(Reuters) – Lloyds Banking Group Chief Executive Antonio Horta-Osorio told potential investors that he expects to see up to 70 percent of the bank’s earnings returned to shareholders by 2015, the Financial Times reported, citing sources.
Record inflow into U.S. equity funds in July: TrimTabs
(Reuters) – Investors poured a record $40.3 billion into U.S. equity mutual funds and exchange-trade funds in July, after largely ignoring equities in June, research provider TrimTabs Investment Research said on Sunday.
Asia’s exports stutter, missing out on U.S. revival
HONG KONG (Reuters) – The U.S. economy may have stopped sneezing, but Asia’s exports are still laid up with a nasty cold.
Tycoon’s 10-year crusade to get a Big Mac in Vietnam
HO CHI MINH CITY (Reuters) – Tycoon Henry Nguyen mopped floors, flipped burgers and even cleaned toilets over a 10-year campaign to convince McDonald’s Corp to let him bring Big Macs and Happy Meals to communist Vietnam.
Legal challenge starts for LME, Goldman on aluminum storage
LONDON/NEW YORK (Reuters) – The London Metal Exchange and Goldman Sachs Group Inc. have been named as co-defendants in a U.S. class-action lawsuit alleging anticompetitive behavior in aluminum warehousing, Hong Kong Exchanges and Clearing Limited (HKEx…
Cross currents to slow but not halt Chinese growth
LONDON (Reuters) – China’s monthly data deluge is likely to confirm that the world’s second-largest economy is still moving down through the gears but is not about to come to a screeching halt.
‘Fabulous Fab’ verdict is vindication for SEC lawyer
NEW YORK (Reuters) – As the head of litigation for the U.S. Securities and Exchange Commission, Matthew Martens’ main job is to oversee other lawyers. In his three years at the agency, he had not tried a case himself.
