China's central bank will roll out further measures to support the development of Chinese yuan bonds in Hong Kong and accelerate global use of its currency, a senior official said on Thursday. The ... ( read original story ...)
HSBC agrees to sell retail banking business in Sri Lanka to Nations Trust Bank
The Hongkong and Shanghai Banking Corporation Limited, Sri Lanka Branch (‘HSBC Sri Lanka’) has entered into a binding agreement to sell its retail banking business to Nations Trust Bank PLC (‘NTB’). ( read original story ...)
Could the new China-led SCO development bank rewrite rules of global finance?
The establishment of the Shanghai Cooperation Organization (SCO) development bank would give 10 Eurasian countries an alternative to Western-dominated lenders like the World Bank and IMF, say analysts ... ( read original story ...)
More Downside For KDP Stock?
Investors are primarily concerned about two issues: the 33% premium KDP is paying for JDE Peet’s and the increased debt this acquisition will create. ( read original story ...)
HSBC to exit retail banking in SL with Rs.18bn sale to Nations Trust Bank
The Hongkong and Shanghai Banking Corporation Limited Sri Lanka branch (HSBC Sri Lanka) has entered into a binding agreement to sell its retail banking business to Nations Trust Bank PLC (NTB) for Rs. ( read original story ...)
Zijin Gold delays $3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International Co. delayed its $3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a standstill and disrupting the company’s ability to take orders for ... ( read original story ...)
Banking giant HSBC announced on Wednesday it will wind up its retail banking operations in Sri Lanka by mid-2026, it said
Banking giant HSBC announced on Wednesday it will wind up its retail banking operations in Sri Lanka by mid-2026 after selling off its retail banking business to the island nation’s Nations Trust Bank ... ( read original story ...)