NEWS1

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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S&P 500 closes as Apple drops and traders watch Powell’s speech

Investors look to Powell’s speech for interest rate clues US consumer confidence drops in November S&P 500 -0.16%, Nasdaq -0.59%, Dow Jones +0.01% Nov 29 (Reuters) – The S&P 500 closed lower on Tuesday, with losses at Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chairman Jerome Powell that could give …

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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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Elon Musk says Twitter’s verified service with colors will start next week

Nov 25 (Reuters) – Twitter Inc plans to roll out its verified service next Friday with checks in different colors for individuals, businesses and governments, after a botched initial launch led to a surge in users getting impersonate celebrities and brands on the platform. On Friday, Chief Executive Elon Musk assigned colors to the categories …

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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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