HSBC plans to speed up restructuring as profits drop 36%

HSBC plans to speed up restructuring as profits drop 36%

Hong Kong (CNN Business) HSBC is speeding up its mammoth restructuring plan as the bank continues to grapple with ongoing headaches, from ultra-low interest rates and geopolitical tensions to the economic impact of the coronavirus pandemic.
See Original Article

How Clermont County landed Purina mega-project

On Monday, Nestlé Purina Petcare Co. announced its plan to invest $550 million to build a dry pet food manufacturing facility in Clermont County. It took the cooperation of multiple jurisdictions, teamwork between state and local economic development …
See Original Article

Oil rises towards $41 on US Gulf shutdowns, outlook weak

LONDON (Reuters) – – Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains. FILE PHOTO: A pump jack …
See Original Article

Peter Tchir on the Markets (Radio)

… of Macro Strategy at Academy Securities, joins Kathleen Hays and Doug Krizner to discuss the latest on the markets on Bloomberg Daybreak Asia.
See Original Article

Expect fewer gifts this holiday season

New York (CNN Business) Shoppers expect to pull back on purchasing gifts for their families and friends this holiday season, and that may not bode well for retailers. More than a quarter of Americans — 28% — say they will spend less on holiday gifts this …
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.