HSBC to purchase Citigroup’s consumer wealth business in China
HSBC is poised to take over Citigroup’s China-based consumer wealth management business, overseeing assets exceeding $3 billion, according to two informed sources. This significant development [more…]
Singapore introduces an $802 million relief package to alleviate the impact of the rising cost of living
Singapore’s finance ministry unveiled an additional S$1.1 billion (equivalent to US$802 million) aimed at assisting households in coping with the rising cost of living. This [more…]
Thailand’s law enforcement narcotics operation resulted in the seizure of methamphetamine, crystalline methamphetamine, and heroin valued at $8.2 million
On Thursday, Thai authorities announced a major drug seizure, one of the largest in the country’s history, involving methamphetamine, crystal meth, and heroin, with an [more…]
Argentina faces the possibility of hyperinflation following election-related expenditures and a commitment to stabilizing the exchange rate
Economists have issued a warning that Argentina might experience hyperinflation after its October election. This concern arises from the recent spending spree initiated by populist [more…]
Ryan Cohen assumed the roles of CEO, president, and chairman of GameStop, and will not be receiving any compensation for his duties
Ryan Cohen, the billionaire who holds the largest stake in GameStop, is assuming the roles of CEO, president, and chairman of the video game retailer. [more…]
Mexicana Airlines launches its website and announces its initial flight routes
The state-run airline Mexicana de Aviación has unveiled its fresh website and an initial selection of 20 domestic destinations, with plans to commence operations this [more…]
Mexican exports are on a steady rise, with the automotive industry taking the lead
Strong annual growth in Mexico’s total exports this year has been driven by a substantial double-digit surge in auto sector exports. According to preliminary data [more…]
Trail Blazers deal Damian Lillard to Bucks in three-team trade with Phoenix Suns
According to sources within the NBA, the Portland Trail Blazers have finalized a three-team trade that will see them send their All-NBA guard, Damian Lillard, [more…]
Evergrande’s stock experiences another sharp decline, while the company’s chairman is placed under police scrutiny, further exacerbating the risk of liquidation
Hui Ka Yan, the founder and chairman of China Evergrande Group, has reportedly been placed under police surveillance, casting further uncertainty on the troubled company’s [more…]
ASML strengthens presence in Japan with Hokkaido facility amidst chipmaking surge
Dutch chip equipment manufacturer ASML is set to establish a new tech support center in Hokkaido, Japan, by the latter part of the next year. [more…]