HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender’s first female finance chief.
Economists see UK cutting interest rates more substantially as inflation pressures ease
Economists at Goldman Sachs forecast the Bank of England’s key rate falling to 2.75% by November, well below market pricing.
U.S. proposals to curb AI, semiconductor investment into China under final review
The proposals are part of the Joe Biden administration’s efforts to restrict the flow of U.S. capital, technology and expertise into China.
Rosé and Bruno Mars’ chart-topping track APT drives shares of media firm YG Plus to seven-month high
The track reached the top of Spotify’s Top 50 Global playlist.
GM stock has best day since 2020 after automaker tops Wall Street’s third-quarter expectations, raises guidance
GM’s quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.
‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Gold is now in a new bullish phase after prices hit a record high, said Sprott Asset Management, echoing other bullish calls for the bullion to scale new highs.
China’s youth unemployment rate falls after climbing for two straight months
The jobless rate for 16- to 24-year-olds in China, excluding students, fell to 17.6% in September from 18.8% a month prior, official data showed on Tuesday.
Hyundai Motor India’s shares drop 7% on trading debut after record IPO
Hyundai Motor India shares fell 7% on their trading debut Tuesday after a record $3.3 billion initial public offering.
Peru ex-President Toledo convicted of bribe-taking, sentenced to 20 years in prison
Alejandro Toledo was convicted of taking bribes from firm Odebrecht and sentenced to 20 years and six months in prison on Monday.
India, China reach pact to resolve border conflict, Indian foreign minister says
India and China agree to end a four-year military stand-off, the Indian foreign minister said on Monday, improving political and business ties between them.
