China’s manufacturing sector picks up momentum
April 23rd, 2012 - 1:46 pm ICT by IANS
Beijing, April 23 (IANS) China's manufacturing activity picked up momentum in April but still remains below the boom-or-bust level, according to a reading of the manufacturing purchase manager index (PMI) ... Read more...
Posted in Business |
Might see further slash in CRR by RBI: HSBC (Lead)
April 13th, 2012 - 12:45 am ICT by IANS
Kolkata, April 12 (IANS) British banking company HSBC Thursday said it is expecting a slash in cash reserve ratio (CRR) during the Reserve Bank of India (RBI)'s credit policy announcement ... Read more...
Posted in Business |
Bengal gets thumbs-up from HSBC on entry tax
April 13th, 2012 - 12:00 am ICT by IANS
Kolkata, April 12 (IANS) The West Bengal government Thursday got the thumbs-up from British banking company HSBC for its move to reintroduce 'Entry Tax' on goods.The West Bengal Tax on ... Read more...
Posted in Business |
CRR slash a cause for worry: HSBC
April 13th, 2012 - 12:00 am ICT by IANS
Kolkata, April 12 (IANS) The British banking company, HSBC Thursday said it is expecting a slash in cash reserve ratio (CRR) during the Reserve Bank of India (RBI)'s credit policy ... Read more...
Posted in Business |
Vodanfone issue: HSBC seeks ‘tax clarity’ from government
April 12th, 2012 - 7:52 pm ICT by IANS
Kolkata, April 12 (IANS) HSBC, Europe's biggest bank, Thursday sought "tax clarity" from the government in the backdrop of Finance Minister Pranab Mukherjee's statement there was "no other way" ... Read more...
Posted in Business |
Slow growth, high interest could impede loan growth: HSBC
April 12th, 2012 - 6:31 pm ICT by IANS
Kolkata, April 12 (IANS) HSBC, Europe's biggest bank, Thursday said India's slow growth rate and high interest rates could hurt loan growth in the country going ahead."I think we ... Read more...
Posted in Business |
US stocks drop on global economic concerns (Lead)
March 23rd, 2012 - 12:00 am ICT by IANS
New York, March 22 (IANS) US stocks dropped Thursday as concerns over a global economic slowdown weighed on the market, overshadowing the fact that the jobs market was still steadily ... Read more...
Posted in Business |
US stocks open lower on economy concerns
March 22nd, 2012 - 10:34 pm ICT by IANS
New York, March 22 (IANS) US stocks opened lower Thursday as concerns over a global economic slowdown weighed on the market despite reports that new jobless claims dropped to a ... Read more...
Posted in Business |
China manufacturing activities may contract
February 22nd, 2012 - 5:01 pm ICT by IANS
Beijing, Feb 22 (IANS) China's manufacturing activities may contract in February as export orders fell sharply, experts said Wednesday.The HSBC Flash PMI (Purchasing Managers' Index) stood at 49.7 Wednesday. It ... Read more...
Posted in Business |
Shooting ‘Lakshya’ in Ladakh changed me: Farhan Akhtar
January 28th, 2012 - 2:22 pm ICT by IANS
Mumbai, Jan 28 (IANS) Filmmaker Farhan Akhtar has traveled places for his films. Be it Goa for "Dil Chahta Hai", Ladakh for "Lakshya" or Spain for "Zindagi Na Milegi ... Read more...
Posted in Entertainment |
HSBC to cut 330 jobs in Britain
December 6th, 2011 - 4:04 am ICT by IANS
London, Dec 6 (IANS) Global banking giant HSBC will cut 330 jobs in Britain due to "the very challenging economic environment".The job cuts will mainly come from the commercial banking ... Read more...
Posted in Business |
Identity of secret account holders after court trial: Official
November 22nd, 2011 - 9:10 pm ICT by IANS
Agra, Nov 22 (IANS) The identity of those holding secret accounts in Swiss banks cannot be revealed till prosecution proceedings start, a senior official said here Tuesday.Union Finance and ... Read more...
Posted in Business |
Unions protest HSBC’s plan to axe 3,000 jobs in Hong Kong
September 8th, 2011 - 11:11 pm ICT by BNO News
HONG KONG (BNO NEWS) -- Trade unions on Thursday gathered outside HSBC's headquarters in Hong Kong to protest against the banking giant's plan to lay off 3,000 staff during the next three ... Read more...
Posted in Business |
Swiss bank UBS to cut 3,500 jobs
August 24th, 2011 - 6:21 pm ICT by IANS
London, Aug 24 (IANS) Swiss banking giant UBS, which employs 6,000 staff in Britain and 65,000 across the world, will chop 3,500 jobs, a media report said.The job cuts were ... Read more...
Posted in World |
Capitol One to acquire HSBC’s domestic credit card business for $2.6 billion
August 10th, 2011 - 8:49 pm ICT by BNO News
MCLEAN, VIRGINIA (BNO NEWS) -- Capital One Financial Corporation on Wednesday announced that it has agreed to acquire HSBC's domestic credit card business, including its approximately $30 billion credit card portfolio, for ... Read more...
Posted in Business |
HSBC to cut 30,000 jobs worldwide
August 2nd, 2011 - 1:27 am ICT by Aishwarya Bhatt
New York, Aug 1 (THAINDIAN NEWS) HSBC is all set to cut around 30,000 jobs worldwide. The major countries that are going to be affected by these cuts are Russia, US and ... Read more...
Posted in Business |
HSBC to axe 10,000 people
July 31st, 2011 - 4:00 pm ICT by IANS
London, July 31 (IANS) HSBC, headquartered in London, will reportedly remove at least 10,000 people from their jobs, Sky News said Sunday.The firm - erstwhile known as the Hongkong and ... Read more...
Posted in Business |
Another Indian American pleads guilty to tax evasion
April 14th, 2011 - 10:32 am ICT by IANS
New York, April 14 (IANS) Another Indian American banking with HSBC India has pleaded guilty to tax evasion days after a New Jersey businessman admitted to conspiring with five ... Read more...
Posted in World |
Mariwala takes over as FICCI president
March 3rd, 2011 - 9:13 pm ICT by IANS
New Delhi, March 3 (IANS) Harish C. Mariwala, chairman and managing director of consumer goods firm Marico Ltd, has taken over as president of the Federation of Indian Chambers of ... Read more...
Posted in Business |
Subprime credit card offers on the rise
January 13th, 2011 - 9:14 pm ICT by Aishwarya Bhatt
New York, Jan 13 (THAINDIAN NEWS) Market analysts believe that banks are beginning to lend again and most importantly they are lending to credit card holders.The credit card savvy website, CardHub.com has ... Read more...
Posted in Business |
Subprime Credit Card Offers Are On The Rise Offers
January 13th, 2011 - 9:09 pm ICT by Pen Men At Work
January 13, 2011 (Pen Men at Work): Any person, who is aware of the fine points of the banking industry, is conscious that subprime credit cards represent a critical gold mine for ... Read more...
Posted in Business |
Subprime Credit Card Offerings On A Rise
January 13th, 2011 - 8:46 pm ICT by GD
By Ranjan Bhaduri
Jan 13, (THAINDIAN NEWS) The memory of the sub-prime mortgage market in USA collapsing like a pack of cards and triggering one of the worst financial disasters of USA ... Read more...
Posted in Business |
Trustee charges HSBC with funnelling disgraced Ponzi King Madoff’s massive fraud
December 6th, 2010 - 1:24 pm ICT by ANI
New York, Dec.6 (ANI): The court-appointed New York-based trustee trying to recover losses for victims of jailed Ponzi King Bernard Madoff has accused the Hong Kong and Shanghai Banking Corporation (HSBC) ... Read more...
Posted in World |
Snow effect: Cash machines running out of money
December 4th, 2010 - 8:13 pm ICT by IANS
London, Dec 4 (IANS) Heavy snowfall is hampering banking facilities in Britain as cash machines of several leading banks are running out of money ahead of the busy shopping weekend, a media ... Read more...
Posted in Business |
Amy Winehouse announces Brazil tour after two years break
November 21st, 2010 - 3:18 pm ICT by ANI
London, Nov 21 (ANI): Amy Winehouse has announced her plan to return to the stage after a two-year touring hiatus with four January shows in Brazil.After two years battling legal and ... Read more...
Posted in Entertainment |
UAE sets up tourist information centre at F 1 venue
November 10th, 2010 - 11:32 pm ICT by IANS
Abu Dhabi, Nov 10 (IANS/WAM) The Abu Dhabi Tourism Authority (ADTA) has set up an information centre at the Yas Island which will host the Formula One Etihad Airways Abu Dhabi Grand ... Read more...
Posted in Business |
Oz dollar hits parity with US greenback for first time since floated in 1983
October 16th, 2010 - 1:10 pm ICT by ANI
Canberra, Oct 16 (ANI): The Australian dollar has reportedly reached parity with the US dollar for the first time since it was floated in December 1983.According to News.com.au, the Australian currency reached ... Read more...
Posted in Business |
Three out of 10 Brits have no savings to survive five days of unemployment: Survey
October 14th, 2010 - 5:00 pm ICT by ANI
London, Oct 14(ANI): A new survey has revealed that nearly a third of Britons do not have enough savings to last them for five days if they were unable to work.According to ... Read more...
Posted in World |
Shell’s Vikram Singh Mehta named Asian business leader
October 13th, 2010 - 10:28 pm ICT by IANS
New Delhi, Oct 13 (IANS) Vikram Singh Mehta, chairman of Shell Companies in India, will receive the Asian Business Leader Award at a special dinner in London Thursday, according to a release ... Read more...
Posted in Business |
Foreign banks slashed workforce, loaned less in 2009-10
September 24th, 2010 - 8:45 pm ICT by IANS
Mumbai, Sep 24 (IANS) In a year when India's economy started shrugging off the negativity of the global financial crisis and companies began posting better profits, foreign banks in the country slashed ... Read more...
Posted in Business |
Police still on the lookout for bank robber who forgot to put on his mask in his bank robbery attempt
August 24th, 2010 - 7:55 pm ICT by Aishwarya Bhatt
New York, Aug 24 (THAINDIAN NEWS) The police department in the town of Eden, New York is desperately looking for a bank robber who tried to rob the HSBC on the ... Read more...
Posted in Odd news |
Asian5Nations rugby event will be open for public
May 17th, 2010 - 8:49 pm ICT by IANS
New Delhi, May 17 (IANS) There is finally some good news for the spectators -- the newly-constructed Delhi University Rugby stadium (North Campus) will be thrown open free for public during ... Read more...
Posted in Sports |
UAE leads in HSBC Global Trade Confidence Index
May 4th, 2010 - 5:03 pm ICT by IANS
Abu Dhabi, May 4 (IANS/WAM) The United Arab Emirates leads the list of countries in the latest HSBC Trade Confidence Index.
According to the index, business sentiment globally showed an overall positive outlook ... Read more...
Posted in World |
Canara HSBC Oriental Life to infuse Rs.300 crore
April 13th, 2010 - 3:52 pm ICT by IANS
Chennai, April 13 (IANS) The Canara HSBC Oriental Bank of Commerce Life Insurance Company has decided to infuse Rs.300 crore this fiscal for operational expansion.
Post-infusion, the company's equity will shoot up to ... Read more...
Posted in Business |
China will become a golfing powerhouse: Tiger Woods
November 13th, 2009 - 1:38 pm ICT by ANI
Shanghai, Nov 13(ANI): American golfer and World No.1 Tiger Woods has tipped China to become a golfing powerhouse in the next few years.Woods is in Shanghai to take part in the ... Read more...
Posted in Sports |