May 18th
HONG KONG, May 18 — Hong Kong shares slid another 1.3 per cent today, inflicting a second consecutive weekly loss of more than 5 per cent as escalating Europe woes dragged down financial stocks and underwhelming US economic data increased risk aversion.
See original here: Hong Kong shares lose more than 5pc for second week; HSBC tumbles
May 18th
The “4G” branding skirmish in Europe is finally over as the tech giant switches the wording on its tablets for sale from “Wi-Fi + 4G” to “WiFi + Cellular.” [Read more]
See original here: Apple’s iPad ‘4G’ branding changes across Europe
May 17th
HONG KONG, May 17 – HSBC doubled the annual revenue boost expected from its turnaround plan to US$2 billion (RM6.23 billion), as Europe’s biggest bank targets emerging markets and cost cuts to lead its battle to recover from the financial crisis and cope with new regulations. Chief executive Stuart Gulliver said today that, one year into the …
View original post here: HSBC turnaround on target, sees revenue boost
May 14th
LONDON, May 14 — HSBC boss Stuart Gulliver needs to map out his route to recovery for the bank’s European and US businesses at a strategy update this week to bolster confidence in a turnaround plan that has shown progress on cost cutting and asset sales. First-quarter results from Europe’s biggest bank last week showed Gulliver, a 32-year HSBC …
Here is the original post: Europe, US key to next stage of HSBC turnaround
May 11th
NEW YORK, May 11 — Global shares and commodity prices fell today as investors wary of political deadlock in Greece and weak economic data from China cut back on their appetite for risk. Fears of slower economic growth and uncertainty over Europe pushed government debt prices higher, with German Bund futures hitting record highs.
Read the rest here: Global stocks, oil fall on China data, Greece
May 10th
KUALA LUMPUR, May 10 — Malaysia is looking at slower growth as regional economies take a hit from the deterioration of the global economic environment particularly in Europe, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said today. The agency projected a growth rate for Malaysia of 4.5 per cent this year …
More here: UN: Malaysia facing slower growth as crisis enters Stage II
May 7th
A new type of “ransomware” is hitting users across Europe, demanding payment for alleged copyright violations, according to a Swiss security blog. [Read more]
View original post here: New malware strain locking up computers unless ransom is paid
May 4th
LONDON, May 4 — European shares lost ground today and Brent crude dipped towards its steepest weekly fall this year, before a reading on the US jobs market that could sharpen concerns about the health of the world’s biggest economy. Investors also kept a wary eye on weekend elections in France and Greece, amid signs that Europe’s recession could ..
Read this article: Global shares, oil dip before US payrolls
May 4th
LONDON, May 4 — European shares lost ground today and Brent crude dipped towards its steepest weekly fall this year, before a reading on the US jobs market that could sharpen concerns about the health of the world’s biggest economy. Investors also kept a wary eye on weekend elections in France and Greece, amid signs that Europe’s recession could …
Go here to read the rest: Global shares, oil dip before US payrolls
May 4th
LONDON, May 4 — European shares lost ground today and Brent crude dipped towards its steepest weekly fall this year, before a reading on the US jobs market that could sharpen concerns about the health of the world’s biggest economy. Investors also kept a wary eye on weekend elections in France and Greece, amid signs that Europe’s recession could ..