Business News

whitemay/iStock Unreleased via Getty Images HSBC Holdings (NYSE:HSBC)(OTCPK:HBCYF) is about to begin looking for its next chair, Sky News reported Saturday. According to the report, the board of HSBC has hired headhunters to recruit Chair Mark Tucker’s successor. Tucker has been in the job since

US consumers likely set a new spending record this Black Friday with $10.8 billion in purchases, as reported by Adobe (NASDAQ:) Inc. on Saturday. The increase in digital shopping continues through the weekend following the US Thanksgiving holiday, with projected spending of $5.2 billion on Saturday and an anticipated $5.6 billion on Sunday. Adobe, a … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK dealmaking activity accelerated this week with the announcement of four takeover offers worth a total of £5.3bn, underlining the country’s position as Europe’s foremost destination for mergers and acquisitions this year. On Friday, the … Read more

JPMorgan Chase & Co. agreed to drop a lawsuit it filed against Tesla Inc. three years ago seeking $162 million tied to stock warrant transactions. The move to end the litigation was announced Friday in a one-page court filing by both sides, in which they dropped their claims against each other without the ability to … Read more

Gautam Adani, Chairman of the Adani Group, emphasised that opportunities are found by those who actively seek them. “I often tell my team that the future belongs to those who have the courage to look beyond the present and understand that today’s limitations are simply the starting points for tomorrow,” he said.  Reflecting on his … Read more

Nov. 30, 2024 10:10 AM ETXLF, BBD, WULF, BGC, ITUB, MARA, CLSK, HUT, BTC-USD, XP, IREN, NU, USD:BRLBy: Max Gottlich, SA News Editor da-kuk This week’s biggest winners among financial stocks were led by companies with ties to the cryptocurrency space, as the price of bitcoin (BTC-USD) continued to consolidate slightly beneath the six-figure milestone. … Read more

By Arpan Chaturvedi NEW DELHI (Reuters) – Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. “Less than two weeks back, we faced a set … Read more

The House of Commons was silent. The results of parliamentary votes are normally greeted by cheers or jeers, but Friday’s decision by British MPs to endorse assisted dying was a moment of gravity. “I’m a bit overwhelmed,” admitted Kim Leadbeater, the Labour MP who had watched impassively as her bill to allow terminally ill people … Read more

The U.S. Navy is transforming a costly flub into a potent weapon with the first shipborne hypersonic weapon, which is being retrofitted aboard the first of its three stealthy destroyers. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never … Read more