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Telecommunication Circuit Board Processing In Israel

Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor

Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.

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HONG KONG-US-COMPANY-SAMSONITE-EARNINGS

Samsonite to Acquire Luggage Competitor Tumi for $1.8 Billion

It was agreed that Samsonite is to acquire luggage-manufacturer rival Tumi for about $1.8 billion. Samsonite has long been interested in Tumi and its acquisition is considered the biggest deal made by Samsonite.

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Syngenta SA Products As ChemChina's $43 billion Takeover Is Welcomed

ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

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HSBC Holdings Plc French Headquarters As Bank Prepares For Significant Brexit Impact On Investment Banking Division

It's 'too early' for HSBC to deepen cuts, says CEO

HSBC Holdings Plc is not thinking it's time to deepen cuts at its securities unit. The bank's investment unit is suffering from drop in trading revenues amid sluggish financial markets. HSBC Holdings is aiming to reduce costs by $5 billion by 2017.

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HSBC Announce Plans To Remain In The UK

HSBC Biometrics Prevent Hackers and Identity Theft

This summer HSBC will allow 15 million customers to use the biometric system where account owners can access their accounts online through their fingerprints or voice. This scheme would make hackers and identity thefts difficult to mimic the real owners.

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HSBC Holdings Plc Bank Branches As Company Announces Plans To Eliminate 50,000 Jobs

HSBC to pay $470M total for federal government settlement as relief to borrowers and homeowners' foreclosure abuses

As per the federal agreement, HSBC has agreed to pay $470 million to provide relief to abused mortgage loan borrowers. The payment will be directed towards mainly Virginia, along with 48 other states. The bank, accused of malpractices like robosigning and bad loan designs, will now be monitored by an independent body to ensure it adheres to the revised banking standards and settlement terms.

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SAUDI-DESERT-OIL-ARAMCO

HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

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HSBC

HSBC and JPMorgan Chase Must Increase Their Cash Reserve According to New Rule

When Lehman Brothers collapse in 2008, it created a global economy setback. Global financial authorities work hard to prevent it from recurring. Now, they introduced new rules for the world's biggest banks to increase their cash reserve and avoid taxpayers bailouts.

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HSBC

HSBC Pre-Tax Profit grew more than expected due to lower regulatory fines cost

Due to the lower cost of regulatory fines, HSBC's pre-tax profit in the third quarter increased 32 percent to $6.1 billion from $4.6 billion in the same period last year, beating analysts' expectations of $5.2 billion.

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Brokerage house

Lack of clarity over US data put pressure on Asian stocks

The lack of clarity about the US data and timing of interest rate hike have put further pressure on Asian stock markets. Several Asian stocks slipped into pressure on Friday trading ahead of the US data jobs report. Japan's Nikkei fell 1.7 percent for the week. The long holiday stretch for Chinese markets also resulted in sluggishness in the Asian market.

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China's export

China's July exports slump 8 percent, raises pressure for more stimulus

Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.

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Cargo trucks

China's stock turmoil drags down remaining strong commodities

China's stock market rout is injecting new stress into the already ravaged global commodity sector, with prices of copper, coal, natural gas and iron ore all falling back toward their 2015 lows. Analysts say the worst is yet to come as the stronger performers - solar and oil - are now also struggling.

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Pumpjack

A year after the crash, oil markets risk more trouble ahead

A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude.

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Hong Kong-Zhuhai-Macao Bridge

In China's Pearl River Delta, HSBC faces a risky voyage

Every day hundreds of garment traders alight at the newly-built Humen station to ply their wares in the southern Chinese city of Dongguan, arriving on high speed trains that whoosh through the terminal every ten minutes.

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HSBC

HSBC to cut 50,000 jobs in quest for higher dividends

HSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.

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