LONDON (Reuters) – HSBC is unlikely to appoint an executive of its biggest shareholder Ping An Insurance Group of China to its board due to a conflict of interest, HSBC Chief Executive Noel Quinn told reporters on Monday. “There is the potential for conflict of interest given there is an overlap in their business model…
By Bansari Mayur Kamdar (Reuters) -European shares edged up on Monday as a jump in banking stocks after HSBC’s strong results offset fears of a global economic slowdown fanned by disappointing Chinese economic data and figures showing contraction in euro zone manufacturing activity. The pan-European STOXX 600 rose 0.2% in volatile trade. [MKTS/GLOB] The biggest…
JERUSALEM (Reuters) – Bezeq Israel Telecom on Monday raised its estimate for adjusted 2022 net profit to 1.1-1.2 billion shekels ($325-$354 million) from a prior forecast of 1.0-1.1 billion, as it expects to reach more homes with its fibre optics network. Bezeq, Israel’s largest telecoms group, projects reaching 1.5 million homes with its fibre network…
(Refiles to adjust key words for media clients to GRAIN from GRAINS; no change to text) ISTANBUL (Reuters) -The first ship carrying grain to depart Ukraine since the start of the Russian invasion will leave Odesa port at 0530 GMT on Monday under a guaranteed safe passage agreement, Turkey’s defence ministry said, adding that more…
TOKYO (AP) — Asian shares were mostly lower Tuesday amid concerns about regional stability as an expected visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing. Benchmarks headed downward across the board in the region in early trading, including Japan, China, South Korea and Australia. China sees Taiwan as its own…
By Kevin Buckland TOKYO (Reuters) – The dollar sank to a fresh six-week low to the yen on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S. economy at risk of recession. The dollar dipped as low as 132.07 yen for the first time since June…
