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HSBC announces record £24bn profit boosted by interest rates: UK Bank profits soar as Chinese economic challenges loom large
inews.co.uk/news/business/hsbc-profit-interest-rates-boost-2917388
HSBC announces record £24bn profit boosted by interest rates
Quick Glance: HSBC Increases CEO's Pay Despite Profit Fall
  • HSBC has nearly doubled its Chief Executive Noel Quinn's pay despite a drop in fourth-quarter profits.

  • The London-based bank revealed that Quinn will receive a package of £10.6 million.

  • The bank's board also raised the bonus pool for staff by 12% to $3.8 million.

  • The fourth-quarter profits fell unexpectedly due to a $3 billion charge related to the bank's stake in the Bank of Communications in China.
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HSBC’s bumper UK fine is deserved, and disturbing: At first sight, HSBC’s (HSBA.L), (0005.HK) 57 million pound fine from the UK’s Prudential Regulation Authority ...
reuters.com/breakingviews/hsbcs-bumper-uk-fine-is-deserved-disturbing-2024-01-30/
HSBC’s bumper UK fine is deserved, and disturbing
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Hong Kong Hires Banks for Digital Green Bonds Issuance: The Hong Kong government has hired five banks to explore a series of digital green bond sales ...
bloomberg.com/news/articles/2023-12-15/hong-kong-hires-banks-for-digital-green-bonds-issuance
Hong Kong Hires Banks for Digital Green Bonds Issuance
Quick Glance: Hong Kong Issues HK$1m Bounties on 5 Overseas Activists
  • Hong Kong police have put bounties on five activists, including Simon Cheng, a former employee of the UK's Hong Kong consulate.

  • National Security Department Chief Superintendent Li Kwai-wah said at a press conference: 'They sold their country and Hong Kong, and neglected Hongkongers' interests.'

  • Mr Li added that the activists have continued to 'engage in activities endangering national security' after they went overseas.

  • In response to the bounty announcement, Mr Cheng said: 'Being hunted by China (Hong Kong)'s secret police, under a one-million-dollar bounty, is a lifelong honour.'
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6 in 10 Singaporeans expect to work after retirement: HSBC survey: Majority of those who plan to work post-retirement are motivated by financial concerns ...
straitstimes.com/business/invest/retirement-financial-planning-quality-of-life-report-hsbc-singapore
6 in 10 Singaporeans expect to work after retirement: HSBC survey
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The Big Bank With a $15 Billion Conundrum in China: HSBC has a big stake in a Chinese lender that it can’t easily sell and that could require a big write-down.
wsj.com/finance/banking/the-big-bank-with-a-15-billion-conundrum-in-china-8bd25531
The Big Bank With a $15 Billion Conundrum in China
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Politics Briefing: Inquiry into foreign interference in Canada’s elections under way
theglobeandmail.com/politics/article-politics-briefing-inquiry-into-foreign-interference-in-canadas/
Politics Briefing: Inquiry into foreign interference in Canada’s elections ...
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Exclusive: HSBC to acquire Citigroup China consumer wealth business -sources: HSBC (HSBA.L) is set to acquire Citigroup's (C.N) China consumer wealth management ...
reuters.com/markets/deals/hsbc-acquire-citigroup-china-consumer-wealth-business-sources-2023-09-28/
Exclusive: HSBC to acquire Citigroup China consumer wealth business ...
Quick Glance: HSBC to Acquire Citigroup China Wealth Management
  • HSBC to acquire Citigroup's China wealth management business

  • Transaction includes taking over Citi staff in China

  • Financial details of the deal not immediately known

  • Citi's China wealth management serves affluent clients
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Demand for the world's smelliest fruit has soared 400%, fueled by China’s ‘craze’
cnbc.com/2023/09/13/durian-demand-has-soared-400percent-fueled-by-chinas-craze-for-the-fruit.html
Demand for the world's smelliest fruit has soared 400%, fueled by China’s ...
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Politics Briefing: Pierre Poilievre appeals for support from Quebeckers at Conservative policy convention
theglobeandmail.com/politics/article-politics-briefing-pierre-poilievre-appeals-for-support-from-quebeckers/
Politics Briefing: Pierre Poilievre appeals for support from Quebeckers at ...
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Luxury retailers are investing in India’s new wealthy. Heres why : Luxury retailers are investing in India’s new wealthy. Heres why 
wionews.com/business-economy/luxury-retailers-are-investing-in-indias-new-wealthy-heres-why-632899
Luxury retailers are investing in India’s new wealthy. Heres why 
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Hong Kong social activists brave threat of arrest to keep speaking outwww.rfa.org/english/news/china/hong-kong-holdouts-07012023094934.html
Quick Glance: Hong Kong police issue warrants for eight overseas activists
  • Hong Kong police accuse eight overseas activists of serious national security offences

  • Rewards offered for information leading to their arrest

  • Activists have promoted sanctions to destroy Hong Kong and intimidate officials

  • 260 arrests made under the national security law, but slim chances of prosecution if defendants remain abroad
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F1 Looks to Unlock New Riches With China’s Rising Star: At Formula One’s inaugural Chinese Grand Prix in Shanghai in 2004, five-year-old Zhou Guanyu was in the ...
bloomberg.com/news/articles/2023-05-04/zhou-guanyu-the-formula-one-driver-set-to-be-china-s-next-sensation
F1 Looks to Unlock New Riches With China’s Rising Star
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JPMorgan Model Shows Recession Odds Fall Sharply Across Markets: In a week marked by fresh recession angst from Wall Street to Davos, JPMorgan Chase & Co ...
bloomberg.com/news/articles/2023-01-21/jpmorgan-model-shows-recession-odds-fall-sharply-across-markets
JPMorgan Model Shows Recession Odds Fall Sharply Across Markets
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‘Tiff Macklem did not engage in quantitative easing to make money.’ Bank of Canada records first loss ever, plus other letters to the editor for Dec. 7
theglobeandmail.com/opinion/letters/article-tiff-macklem-did-not-engage-in-quantitative-easing-to-make-money-bank/
‘Tiff Macklem did not engage in quantitative easing to make money ...
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Where's Jack Ma? Alibaba founder discovered living in Tokyo since China's tech crackdown
financialpost.com/personal-finance/high-net-worth/alibaba-founder-jack-ma-living-tokyo-china-tech-crackdown
Where's Jack Ma? Alibaba founder discovered living in Tokyo since China's ...
Quick Glance: Alibaba founder Jack Ma has been living in Tokyo for the past six months, according to the Financial Times.
  • Ma, a fiery teacher turned internet titan, was once a high-profile jetsetter and the face of China's Big internet.

  • However, he has been on the run since October 2020, following a speech in which he criticized China's financial regulatory structure.

  • This weighed on Chinese technology and real estate industries, causing the country's richest people's net worth to plummet.

  • According to the Bloomberg Billionaires Index, Ma was worth approximately $61 billion at his peak in October 2020 and is currently estimated to be worth approximately $30.7 billion.
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Rare-earth magnets are key to our electric future — and China controls 93% of them. How can Canada compete?
financialpost.com/commodities/mining/rare-earth-metals-magnets-recycling
Rare-earth magnets are key to our electric future — and China controls 93% ...
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Terence Corcoran: Build back free trade — especially with China: If Ottawa wants to see a change in China’s government, leave that to Chinese protesters ...
financialpost.com/opinion/terence-corcoran-build-back-free-trade-china
Terence Corcoran: Build back free trade — especially with China
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Evening Update: RBC to buy HSBC’s Canadian business in landmark banking deal: Also in the news today, an Ontario court has struck down Bill 124 ...
theglobeandmail.com/canada/article-evening-update-rbc-to-buy-hsbcs-canadian-business-in-landmark-banking/
Evening Update: RBC to buy HSBC’s Canadian business in landmark banking ...
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RBC buying HSBC Canada is a loss for the banking public: Rob Carrick says RBC’s proposed purchase of HSBC is a reminder of how tough it is for smaller banks to ...
theglobeandmail.com/investing/personal-finance/household-finances/article-rbc-buying-hsbc-canada-banking-loss/
RBC buying HSBC Canada is a loss for the banking public
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HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports: National Bank of Canada (NA.TO) and Canadian Imperial Bank of Commerce (CIBC) ...
reuters.com/business/finance/hsbcs-canada-unit-loses-national-bank-cibc-bidders-global-mail-reports-2022-10-30/
HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail ...
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HSBC eyes sale of multibillion-dollar Canadian business: HSBC is considering selling its business in Canada, worth billions of dollars and one of the biggest ...
reuters.com/business/finance/hsbc-eyes-sale-canada-business-2022-10-04/
HSBC eyes sale of multibillion-dollar Canadian business
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Why selling HSBC Canada, the country’s most lucrative bank deal in decades, is unusually challenging
theglobeandmail.com/business/article-hsbc-canada-sale-deal-challenges/
Why selling HSBC Canada, the country’s most lucrative bank deal in decades ...
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HSBC gets relief from a decade long case, accused of having a preferred system for drug cartels
wionews.com/videos/hsbc-gets-relief-from-a-decade-long-case-accused-of-having-a-preferred-system-for-drug-cartels-512305
HSBC gets relief from a decade long case, accused of having a preferred ...
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Ping An doubles down on campaign to break up HSBC: Bank’s largest shareholder rejects executives’ 14 arguments against east-west split
ft.com/content/5e393254-3a78-415c-903c-6de669228c78
Ping An doubles down on campaign to break up HSBC
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HSBC's virtue-signalling hypocrisy: Ah, HSBC. The Asian banking giant has raised some eyebrows in recent years with their endless antics to appear oh so right-on ...
spectator.co.uk/article/hsbc-s-virtue-signalling-hypocrisy
HSBC's virtue-signalling hypocrisy