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HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Asian stocks and oil prices rise as Chinese speculation swirls

Asian stocks and oil prices rise as Chinese speculation swirls

https://tmsnrt.rs/2zpUAr4 China real estate stocks rally in political support Euro targets 5-month high, dollar nearly 3-month low against yen Oil prices bounce off China hopes, talk of production cuts SYDNEY, Nov 29 (Reuters) – Asian stocks rallied on Tuesday as Beijing’s latest move to prop up developers boosted the property sector and rumors swirled that …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Exclusive: Tesla readying revamped Model 3 with 'Highland' project - sources

Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of the Model 3, according to four people familiar with the effort, as the major electric vehicle maker aims to cut production costs and boost the appeal of the five-year model. – old electric sedan. One of the goals of the redesign codenamed “Highland” …

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Wall St Week Ahead Stocks typically rally in December, investors tread cautiously this year

Wall St Week Ahead Stocks typically rally in December, investors tread cautiously this year

NEW YORK, Nov 25 (Reuters) – Investors hoping the end of the year will bring stock market gains after a trying year have history on their side as U.S. stocks traditionally rally in December, but many remain skeptical of the forecasts of a rise. The S&P 500 gained an average of 1.6% in December, the …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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US ready to allow Chevron to increase oil production in Venezuela

US ready to allow Chevron to increase oil production in Venezuela

US ready to allow oil giant to produce and sell Venezuelan oil Chevron owes billions in unpaid debt to state-owned PDVSA US aims to transfer Venezuelan oil sales from shadow companies HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading in its oil once …

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Stocks turn ahead of Fed minutes as oil falls on price cap plan

Stocks turn ahead of Fed minutes as oil falls on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks post weak gains globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

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