India’s service activity expands to 60.5 in June – PMI
The HSBC India Services Business Activity Index rose to 60.5, indicating a sharp expansion in output.
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HSBC
UBS expands ME wealth management team with 10 hires
UBS announced on Tuesday the strengthening of its wealth management team in the Middle East with the addition of 10…
HSBC acquires China’s Citigroup’s consumer wealth portfolio
HSBC boosts its presence in mainland China by acquiring Citigroup's consumer wealth portfolio, adding over 300…
China’s CITIC cuts banker pay at CLSA
China's CITIC Securities is slashing base salaries for over 100 bankers at its Hong Kong-based platform, CLSA.
Aramco launches $10b offering
Saudi Arabia is set to launch a secondary offering of Aramco shares, aiming to raise over $10 billion, potentially…
Expobank completes sale of HSBC’s Russian operations
HSBC has finalised the sale of its Russian unit to Expobank, ending two years of negotiations, Reuters reported on…
India’s business activity booms in April
Indian businesses are seeing a significant increase in activity, with the fastest growth in almost 14 years…
HSBC plans to cut another 20 jobs in Asia
HSBC is reportedly expanding its investment banking job cuts in Asia, with plans to eliminate an additional 20…
India’s factory activity hits 16-year high in March
India's manufacturing industry experienced robust growth in March, reaching its highest level in 16 years due to…
HSBC doubles CEO pay despite Q4 profits fall
HSBC has nearly doubled the pay of its CEO, Noel Quinn, to £10.6 million, up from £5.6 million in 2022, despite a…
