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February 25, 2020
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Reuters - Business

Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

Reuters
(Reuters) – U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings (HSBA.L) in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. FILE PHOTO: The Huawei logo is seen on a communications device in London,......
Reuters - Business

HSBC to slash investment bank, 35,000 jobs in strategy overhaul

Reuters
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC (HSBA.L) said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years. The bank, which has struggled to keep pace......
Reuters - Business

Yum China warns of first-quarter losses, 2020 sales hit after virus outbreak

Reuters
(Reuters) – KFC licensee Yum China (YUMC.N) said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores. FILE PHOTO – A......
Reuters - Business

Exclusive: HSBC to axe senior managers in strategy shift – sources

Reuters
HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters. FILE PHOTO: HSBC logo is seen on......
Reuters - Business

AerCap CEO warns against panic discounts for Boeing 737 MAX jets

Reuters
FILE PHOTO: Aengus Kelly, CEO and Executive Director of AerCap, speaks at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 1, 2016. REUTERS/Clodagh Kilcoyne DUBLIN (Reuters) – Owners of Boeing’s (BA.N) grounded 737 MAX jet must keep cool......

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