LONDON: HSBC Holdings is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday (Nov 28), citing people familiar with the situation.
BEIJING: China has powered up its first domestically developed nuclear reactor - the Hualong One - a significant step in Beijing's attempts to become less dependent on Western allies for energy security and critical technology. The reactor, which was connected to the national grid on Friday (Nov ...
Tesla Inc Chief Executive Officer Elon Musk said on Friday there will probably be a wider roll out of a new "Full Self Driving" software update in two weeks.
News this month of three promising coronavirus vaccines has helped push the Dow Jones Industrial Average over 30,000, but some investors worry that slow vaccination rates may weaken next year's expected economic recovery.
Buyers from Hong Kong, and other expats, have been moving to Singapore since the end of the circuit breaker period in June. This has helped bolster its property market despite a record-breaking economic downturn.
China’s ambitious pledge to be carbon-neutral before 2060 shines an uncomfortable spotlight on Europe and the US, says Kevin Tu.
FinTech has thrived in other jurisdictions compared to China because of the presence of regulation, says Chris Skinner.
General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Hyundai Motor Co and Kia Motors' U.S. units on Friday agreed to a record US$210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million vehicles for engine issues in a timely fashion.
Wall Street stocks advanced and the Nasdaq closed at a record high on Friday in a holiday-shortened week, as retailers kicked off the year-end shopping season amid record COVID-19 hospitalizations.
