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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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Oil prices erase 2022 gains as China protests spark demand concerns

WTI lowest since December 2021, Brent lowest since January 2022 Shanghai clashes as COVID protests erupt across China Investors focus on the upcoming OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell near their lowest level this year on Monday as street protests against tough COVID-19 restrictions in China, the world’s biggest …

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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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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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