HONG KONG (Reuters) – Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank, saying the lender has failed to address key business model challenges which has resulted in deterioration in its operating performance.
Ping An Asset Management Company (Ping An AMC) said in a statement HSBC has “drained” its Asia unit of dividends and growth capital to support its relatively low-return non-Asia businesses.
Over the past two years, Ping An AMC said it had shared numerous structural suggestions with HSBC management ranging from listing the HSBC Asia business in Hong Kong to consolidating Asia businesses.
Milan prosecutors have placed an elderly Italian man under investigation as part of an investigation into alleged "sniper tourism" in Sarajevo in the 1990s, two sources with direct knowl...
The European Union's new agency formed to fight dirty money said it was on track to be fully operational in 2028, as it set out its plan to tackle emerging illicit finance risks includin...
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Malta Lags EU on Cancer Drug Access as Unions Warn Over Health Risks: Malta reimburses just 16% of cancer medicines through the national health service, compared with ful...
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PM Defends Storm Fund Eligibility Despite Planning Irregularities: Prime Minister Robert Abela said businesses with planning or permitting irregularities would still be e...
The rising cost of living has emerged as the major issue that Maltese citizens want the European Parliament to address, according to the latest Eurobarometer survey published today.
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The European Parliament dedicated a special plenary session marking the International Holocaust Remembrance Day and the liberation of the Auschwitz-Birkenau concentration...
Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping.
Bitcoin fell 2% in early Euro...
Prices of commodities, from silver and gold to crude oil and copper, dived on Thursday, as global tensions eased after a telephone call between the leaders of China and the United States...
Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very succ...
Two local analysts have cautioned that any attempt by EU Member States to block or restrict the passporting of crypto-asset service providers (CASPs) authorised under the Markets in...
Employers are increasingly realising the benefits of incorporating environmental, social and governance (ESG) considerations into their business strategies as opposed to treating ESG as ...
Vivian has entered into a distribution agreement with worldwide R&D pharmaceutical company Novartis Pharma Services AG, a move that continues to reflect Vivian’s established reputati...
A US stealth warplane has shot down an Iranian drone that approached an American aircraft carrier in the Arabian Sea, according to a statement from the US military. The incident occurred...
A significant explosion struck the southern Iranian port city of Bandar Abbas earlier today, sending shockwaves through the region. The initial blast occurred in an eight-storey building...
Venezuela’s interim president, Delcy Rodriguez, has begun shaping her new government following the ouster of Nicolas Maduro. On Monday, Rodriguez appointed several cabinet members. She m...
Venezuela transported gold worth almost 4.14 billion Swiss francs ($5.20 billion) to Switzerland during the early years of the leadership of ousted President Nicolas Maduro, customs data...
KYIV, Ukraine – Ukraine’s energy infrastructure has suffered its most devastating assault of the year, as Russia unleashed a record number of ballistic missiles and drones in a coordinat...
The attacks hitting a miners' bus in Pavlohrad in the Dnipropetrovsk region, and a maternity hospital in Zaporizhzhia, come as Ukraine's president announced trilateral peace talks in the...
