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HSBC to close 82 branches this year

The branches will close between April and September as the bank moves towards more digital banking.
Tags: News, Hsbc


Best global tracker funds – how to choose

T he only equity allocation you really need is a global tracker fund, as ex-hedge fund manager Lars Kroijer has previously explained on Monevator. It sounds almost too simple. But how do you choose the best global tracker fund from all the options? This updated guide will shed some light. The idea is to invest in a total world equity index fund or Exchange Traded Fund (ETF) that represents the global investable market as far as is practicable. This strategy is the ultimate expression of the wi...
Tags: Google, South Korea, Japan, UK, Greece, China, India, Marketing, US, Investing, Earth, Ireland, Hsbc, Don, Vanguard, MSCI


#Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO - sources | Reuters

Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO - sources | Reuters Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its speciality chemicals business, an offering that could raise several hundred million dollars, three sources said.The company is also sounding out foreign banks for advisory roles and HSBC and JPMorgan are among those in the final phase of pitching for the deal, which could be launched later this year or e...
Tags: Travel, Saudi Arabia, Ipo, Hsbc, Middle East, Reuters, Aramco, Jpmorgan, SABIC, NCB, NCB Capital, Rupert Neil Bumfrey, Reuters Saudi Basic Industries Corp SABIC


The FTSE 100 beat US and European stocks in the first week of 2021. Is this the year it finally outperforms?

The rollout of coronavirus vaccines have helped drive the FTSE higher. AP Photo/Jay LaPrete The FTSE 100 rose more than 6% last week, far outstripping the US's S&P 500 and Germany's Dax.  The UK's main index has been boosted by coronavirus vaccines, the Brexit trade deal, and expectations of Democratic stimulus in the US. But the lack of a financial services Brexit deal and worries about the UK economy could hold back British stocks. Visit Business Insider's homepage for more stories. The ...
Tags: UK, Senate, Germany, US, America, Trends, Georgia, Eu, Joe Biden, Hsbc, Standard Chartered, Rio Tinto, Treasury, Boris Johnson, Goldman Sachs, Lloyds


HSBC says customers who refuse to wear a mask will have their accounts closed

The lender reiterated that face masks are mandatory in all branches, unless legally exempt, warning customers that non-compliance could...
Tags: Hsbc


A former Alibaba driver set fire to himself amid growing concerns about Chinese labor laws

Alibaba founder Jack Ma in January 2018. Wang HE/Getty Images A delivery driver set himself on fire following a pay dispute with a partner of Alibaba subsidiary Ele.me, reported Tuesday. "I want my blood and sweat money back," driver Liu Jin said in videos of the incident. He now has medical bills of more than 1 million yuan ($150,000). In December, a 22-year-old Chinese tech worker died. Her death was widely attributed to the "996" work culture that dominates the industry. Visit Busines...
Tags: Apple, News, China, US, Trends, Walmart, Beijing, Hsbc, Alibaba, Retail, Food Delivery, Workers Rights, Jack Ma, Weibo, Ele.me, Liu


An Alibaba driver set fire to himself amid growing concerns about Chinese labor laws

Alibaba founder Jack Ma in January 2018. Wang HE/Getty Images A delivery driver set himself on fire following a pay dispute with a partner of Alibaba subsidiary Ele.me, reported Tuesday. "I want my blood and sweat money back," driver Liu Jin said in videos of the incident. He now has medical bills of more than 1 million yuan ($150,000). In December, a 22-year-old Chinese tech worker died. Her death was widely attributed to the "996" work culture that dominates the industry. Visit Busines...
Tags: Apple, News, China, US, Trends, Walmart, Beijing, Hsbc, Alibaba, Retail, Food Delivery, Workers Rights, Jack Ma, Weibo, Ele.me, Liu


BT parachutes in former HSBC exec to run new Digital unit

Harmeen Mehta will handle telco's internal rewiring and tech product strategy BT has hired former HSBC exec Harmeen Mehta to head up a newly created Digital unit, overseeing the internal shift to digital systems along with the incubation of tech platforms, products, and services.…
Tags: Bt, Digital, Software, Hsbc, Harmeen Mehta


HRH The Prince of Wales unveils new sustainability charter, backed by the likes of Bank of America and AstraZeneca

Britain's Prince Charles, Prince of Wales, delivers a speech at the World Economic Forum during the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Photo by FABRICE COFFRINI/AFP via Getty Images His Royal Highness The Prince of Wales announced Sunday the creation of the 'Terra Nova' - a charter giving businesses a roadmap to a more sustainable future. The charter is backed by some of the world's biggest businesses, including: Bank of America, BlackRock, Unileve...
Tags: Apple, Wales, Trends, Markets, Tesla, Sustainability, Bank Of America, Earth, EFI, Davos, Britain, Paris, Hsbc, Prince Charles, Astrazeneca, Bp


The FTSE 100 had a stellar first week of 2021, beating US and European stocks. Is this the year it finally outperforms?

The FTSE 100 had a tough 2020, but optimism has risen in the City. John Sibley/Reuters The FTSE 100 rose more than 6% last week, far outstripping the US's S&P 500 and Germany's Dax.  The UK's main index has been boosted by coronavirus vaccines, the Brexit trade deal, and expectations of Democratic stimulus in the US. But the lack of a financial services Brexit deal and worries about the UK economy could hold back British stocks. Visit Business Insider's homepage for more stories. The FTSE ...
Tags: UK, Senate, Germany, US, America, Trends, Georgia, Eu, Joe Biden, Hsbc, Standard Chartered, Rio Tinto, Treasury, Boris Johnson, Goldman Sachs, Lloyds


HSBC Life: Every Day Counts

Continuing the success of the brand platform “Because a promise is a promise”, HSBC Life stands out from the wave of exercise-montage communications by digging deeper into an insight that people look to stay healthy because they not only promised themselves, but to loved ones closest to them. Since taking care of one’s health and wellness is not just a moment in time but a lifelong promise, this brought to life the idea “Make Every Day Count”, Because by making every step coun...
Tags: Advertising, Hsbc, Saatchi Saatchi, HSBC Life, HSBC Life Well HSBC Life


A millennial entrepreneur who runs a high-end watch retailer explains why now is the time to invest in watches - and which timepieces are the most valuable

andersphoto / Shutterstock Avi Hiaeve, a millennial who owns the high-end watch retailer Avi & Co., spoke with Insider about the value of investing in luxury watches. Hiaeve said those looking to enter the watch investing game should look out for four names: Rolex, Audemars Piguet, Patek Philippe, and Richard Mille. As previously reported by Insider, most people look to the secondhand market to buy their timepieces, and vintage watches pretty much dominate the sector.  Hiaeve said it's im...
Tags: Asia, Hong Kong, Jay Z, China, New York City, Israel, Trends, Bloomberg, Justin Bieber, Hsbc, Deloitte, Jamie Foxx, Drake, Hermès, Gq, Wolf


British banks under pressure over £45m loans to firm with links to Myanmar military

Campaigners say the deals revealed in new report are a breach of firms’ human rights responsibilitiesHuman rights groups are demanding that two of Britain’s biggest banks explain why they have lent tens of millions of pounds to a technology company building a telecoms network that is part-owned and used by the Myanmar military.HSBC and Standard Chartered have loaned $60m (£44.5m) to Vietnamese telecom giant Viettel in the last four years, a period when the Myanmar military has been accused of co...
Tags: Business, Human Rights, World news, Banking, Britain, South and Central Asia, Hsbc, Standard Chartered, Myanmar, Mytel, humanity Viettel


LPGA announces 2021 schedule; 34 events and purses over $76 million

Leona Maguire.. Picture by Pat Cashman NAPLES, Fla., Dec. 18, 2020 – After a year disrupted by the COVID-19 pandemic, 2021 is gearing up to be an incredible season for the LPGA Tour. The 2021 LPGA Tour schedule will feature 34 official events across North America, Europe and Asia, with two new events added to the tournament calendar and players compet...
Tags: Asia, Europe, Japan, Florida, Australia, California, Scotland, Singapore, America, San Francisco, Sport, Taiwan, Aig, Thailand, United States, Hawaii


Data privacy startup eXate raises £2.3M Seed led by Outward VC

Accessing and sharing data is a complicated issue for large businesses, and doing this in a secure, compliant way is a problem for many. eXate, a London-based data software firm is attacking this problem and has now raised a £2.3 million seed round led by Outward VC, with additional backing from ING Ventures and Triple Point Ventures. eXate is competing with those that tend to do more specific types of data privacy such as Hazy, Privitar, and Very Good Security. By contrast, eXate says it aggre...
Tags: TC, Europe, London, Privacy, Law, Articles, Tech, Ceo, Social Issues, Hsbc, Terms Of Service, ING, ING Ventures, Triple Point Ventures, Peter Lancos, Sonal Rattan


Hong Kong church says HSBC account frozen ‘in retaliation’ for helping protesters last year

A Hong Kong church whose volunteers have provided humanitarian support to pro-democracy protesters says its bank account has been frozen...
Tags: Hong Kong, Hsbc


Hong Kong police raid church hours after pastor said HSBC froze bank accounts

Authorities accused of ‘political retaliation’ over church group’s support of pro-democracy protesters as eight more arrested Hong Kong police have raided a church, just hours after its pastor said HSBC had frozen bank accounts belonging to him, his wife and the church’s charity.On Tuesday the Good Neighbour North District church said officers from the financial investigations and narcotics bureau had executed a search warrant on its Kwun Tong branch, and would also search its Fanling church. Co...
Tags: Hong Kong, World news, Asia Pacific, Hsbc, Carrie Lam, Kwun Tong


Hong Kong police raid church hours after pastor said HSBC froze accounts

Authorities accused of ‘political retaliation’ over church group’s support of pro-democracy protesters as eight more arrested Hong Kong police have raided a church, just hours after its pastor said HSBC had frozen bank accounts belonging to him, his wife and the church’s charity.On Tuesday the Good Neighbour North District church said officers from the financial investigations and narcotics bureau had executed a search warrant on its Kwun Tong branch, and would also search its Fanling church. Co...
Tags: Hong Kong, World news, Asia Pacific, Hsbc, Carrie Lam, Kwun Tong


Hong Kong church pastor says HSBC froze personal and charity bank accounts

Church describes act as ‘political retaliation’ by authorities over support of pro-democracy protestors and comes as eight more arrested The pastor of a Hong Kong church says HSBC has frozen bank accounts belonging to him, his wife and the church’s charity in what he said was “political retaliation” by authorities for their assistance to young protesters.It comes as police arrest more opposition figures, and a day after the accounts of former legislator Ted Hui and his family were refrozen under...
Tags: Hong Kong, UK, World news, Asia Pacific, Hsbc, Carrie Lam, Ted Hui


Exiled Hong Kong legislator calls for action after HSBC bank accounts frozen

Ted Hui says move by UK’s biggest bank is act of ‘oppression’ as eight more democracy activists are arrestedA Hong Kong legislator who fled to Europe has called on regulators to investigate the actions of major banks including HSBC, after his accounts and those of his wife and parents were frozen.Ted Hui is the latest pro-democracy figure to leave Hong Kong amid the escalating crackdown on dissent. Last week Jimmy Lai was denied bail, and Joshua Wong, Agnes Chow, and Ivan Lam were jailed. On Mon...
Tags: Hong Kong, Europe, UK, China, World news, Banking, Asia Pacific, Hsbc, Jimmy Lai, Chinese University of Hong Kong CUHK, Ted Hui, Ivan Lam, Joshua Wong Agnes Chow


Exiled Hong Kong legislator accuses HSBC of freezing bank account

Ted Hui calls alleged move by Britain’s biggest bank an act of ‘oppression’ as eight more democracy activists are arrested A Hong Kong legislator who fled to Europe has called on regulators to investigate the actions of major banks including HSBC, after his accounts and those of his wife and parents were allegedly frozen.Ted Hui is the latest pro-democracy figure to leave Hong Kong and the escalating crackdown on dissent which last week saw Jimmy Lai denied bail, and Joshua Wong, Agnes Chow, and...
Tags: Hong Kong, Europe, Britain, Hsbc, Jimmy Lai, Chinese University of Hong Kong, Ted Hui, Ivan Lam, Joshua Wong Agnes Chow


Exiled Hong Kong legislator calls for inquiry after HSBC freezes bank account

Ted Hui calls alleged move by Britain’s biggest bank an act of ‘oppression’ as eight more democracy activists are arrested A Hong Kong legislator who fled to Europe has called on regulators to investigate the actions of major banks including HSBC, after his accounts and those of his wife and parents were allegedly frozen.Ted Hui is the latest pro-democracy figure to leave Hong Kong and its authorities’ escalating crackdown on all dissent which last week saw Jimmy Lai denied bail, and Joshua Wong...
Tags: Hong Kong, Europe, Britain, Hsbc, Jimmy Lai, Chinese University of Hong Kong, Ted Hui, Ivan Lam, Joshua Wong Agnes Chow


S&P 500, Dow rally to record highs as investors bet on last-minute stimulus breakthrough

Associated Press US equities jumped on Friday after disappointing labor-market data boosted hopes for an end-of-year stimulus compromise.The S&P 500, the Dow Jones industrial average, and the Nasdaq composite closed at record highs.The US added 245,000 nonfarm payrolls in November, handily missing the consensus economist estimate of 460,000 additions. The unemployment rate fell to 6.7% from 6.9% and met forecasts.The data suggests the nation's economic recovery is slowing, and politicia...
Tags: Congress, Senate, US, Trends, Markets, Opec, Bloomberg, Joe Biden, Bureau of Labor Statistics, Jobs Report, Unemployment, Hsbc, Ubs, Treasury, Oil Price, Pfizer


Tesla jumps 5% after Goldman Sachs upgrades the automaker's stock and boosts its price target by 40%

AP Photo/Ng Han Guan Tesla gained on Tuesday after Goldman Sachs upgraded the electric vehicle maker's stock to "buy" from "neutral" and raised its price target to $780.Strategists believe mainstream adoption of electric vehicles is accelerating, battery prices are falling fast, and government regulations will eventually phase out higher-emission vehicles.Tesla's other clean-energy products, including solar panels and roofs, make for promising opportunities."The energy business should also...
Tags: Trends, Tesla, Hsbc, Goldman Sachs, Morgan Stanley, Goldman, Shalini Nagarajan, Ng Han Guan Tesla, MarketBeat Read


US weekly jobless claims fall more than expected to 712,000, offering an encouraging sign of labor-market recovery

Nick Oxford/The Washington Post/Getty Images New US jobless claims for the week that ended Saturday totaled 712,000, the Labor Department said Thursday. The reading came in below the consensus economist estimate of 775,000 and also showed a decline from the previous week's revised figure. Continuing claims, which track Americans receiving unemployment benefits, declined to 5.5 million for the week that ended November 21. The reading also came in below economist forecasts. Visit Business I...
Tags: Pua, US, Trends, Bloomberg, Bureau of Labor Statistics, Hsbc, Morgan Stanley, ADP, GAO, Government Accountability Office, Labor Department, New US, Ben Winck, Nick Oxford The Washington Post Getty Images


HSBC share price rockets 50% since its 25-year low

Investors feel the UK's biggest bank's outlook has improved after slumping in September.
Tags: Business, UK, Hsbc


US stocks erase losses, finish higher amid renewed stimulus optimism

Getty Images / Bryan R. Smith US stocks erased their morning losses and closed higher on Wednesday as investors once again latched onto hope that another round of fiscal stimulus is imminent.Democratic leaders embraced a bipartisan proposal for $908 billion in stimulus, as they hope to get the bill passed and enacted before crucial unemployment benefits expire next month.Watch major indexes update live here.After an initial morning decline, US stocks finished mostly higher on Wednesday as ...
Tags: UK, Microsoft, Finance, US, Trends, Markets, Merck, Joe Biden, Hsbc, Trading, Stocks, Goldman Sachs, Pfizer, Stock Market, Donald Trump, Morgan Stanley


Helping big banks out-Affirm Affirm and out-Chime Chime, gives Amount a $681 million valuation

Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million from none other than Goldman Sachs as it looks to help legacy fintech players compete with their more nimble digital counterparts. The company, which spun out from the startup lending company Avant Credit in January of this year, has already inked deals with Banco P opular, HSBC, Regions Bank and TD Bank to power their digital banking services and offer products like point-of-sale lendin...
Tags: TC, Money, Finance, Tech, Economy, Hsbc, Bank, Goldman Sachs, Vice President, Financial Services, Goldman, Affirm, Advisor, Klarna, Challenger Banks, Hughes


Palantir plummets 18% after Morgan Stanley downgrades company on questionable valuation following massive run

Arnd Wiegmann/Reuters Palantir plummeted as much as 18% on Wednesday after Morgan Stanley downgraded the company to Under-weight from Equal-weight.Palantir has seen a massive rally since it went public in September, surging as much as 235% based on last Friday's high of $33.50."With very little change in the fundamental story, the risk/reward paradigm shifts decidedly negative for the shares," Morgan Stanley warned.Visit Business Insider's homepage for more stories.Palantir declined as muc...
Tags: Trends, Hsbc, Morgan Stanley, Palantir, Citron, Citron Research, Matthew Fox, Andrew Left, Arnd Wiegmann Reuters Palantir, PLTR


Visa will offer a credit card that rewards purchases in Bitcoin, rather than cash or airline miles, in early 2021

BlockFi Visa will launch a credit card that rewards users in Bitcoin, instead of the traditional cash, or airline miles, in early 2021.The card comes at an annual fee of $200.Users will receive 1.5% of their purchases back in Bitcoin and a bonus of $250 in the world's most popular digital currency after spending $3,000 or more within the first three months. Cryptocurrency startup BlockFi, Visa's card partner, said it "offers an easy entry point, enabling consumers to accrue bitcoin through...
Tags: Trends, Bitcoin, Hsbc, Evolve Bank Trust, Shalini Nagarajan, Dennis Lynch, Bitcoin Rewards Visa Credit Card, BlockFi, Zac Prince BlockFi