Latest

HSBC faces shareholder vote on splitting bank
HSBC faces shareholder vote on splitting bank
Business and Economy
by  AFP

Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns. Asia-focused HSBC has urged shareholders to vote down the proposal at its annual general meeting in Birmingham, central England.

Asian stocks mixed after slide on Wall Street
Asian stocks mixed after slide on Wall Street
Business and Economy
by  AFP

Asian stocks were mixed on Friday following a slide on Wall Street driven by renewed fears of banking sector turmoil. "The acute phase of bank turmoil may not be over, and policymakers need urgently to recognise that," Krishna Guha, vice chairman at Evercore ISI, told Bloomberg.

Rising iPhone sales help Apple beat forecasts
Rising iPhone sales help Apple beat forecasts
Business and Economy
by  AFP

Apple on Thursday said iPhone sales and money made from services powered quarterly earnings that beat forecasts, despite inflation pressure and the slowing global economy. Even though iPhones have been the heart of Apple's money-making machine, the company has made a priority of bringing in more revenue from content and services sold to users of its devices.