ASXPAC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholders Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the dramatic collapse of the FTX exchange …

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Consumer inflation in Japanese capital rises at fastest pace in 40 years

Tokyo Nov core CPI up 3.6% vs. f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th consecutive month Data point to widening inflationary pressures TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of national trends, rose at their fastest annual rate in 40 years in November and …

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FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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Stocks turn ahead of Fed minutes as oil falls on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks Make Smart Gains Globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

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Sony to expand Chinese game incubator in Microsoft head-to-head

HONG KONG, Nov 23 (Reuters) – Sony Group Corp (6758.T) said it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The program will invest more than 1 million yuan ($140,080) in each game it enrolls, and will not only fund …

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Men wielding batons smash surveillance cameras at iPhone factory in China

SHANGHAI, Nov 23 (Reuters) – Men wielding batons smashed surveillance cameras and windows at a huge campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on Kuaishou’s short video platform shown on Wednesday. Hundreds of workers demonstrated on campus, home to the world’s largest iPhone factory, where …

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Ronaldo to leave Manchester United after criticism of club

Nov 22 (Reuters) – Manchester United forward Cristiano Ronaldo will leave with immediate effect, the Premier League team said on Tuesday, marking a bitter end to the Portugal captain’s second spell at Old Trafford after he said he felt betrayed by the club. An explosive interview with TalkTV this month — in which Ronaldo also …

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