The Zupta decade: Governments and global corporates, banks and consultants must stop enabling money laundering
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
As well as paying €294.4-million as a criminal fine, the bank will also hand over 400,000 euros in civil damages to the Belgian state.
Monday’s surprise news came shortly before HSBC reported first-half net profit up 18.6% at $8.5-billion from a year earlier.
Trump warned of "additional tariffs" should Beijing hit back with tit-for-tat measures
It appears US banks lost $1-billion when they loaned to the tycoon who used his Steinhoff shares as collateral
Investigative journalists leaked info from Swiss Bank HSBC about eight Botswana residents holding Swiss accounts that may not have been declared.
New regulations will require investors to bear the risk of South African bank failures.
Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.
The platinum strike, rising inflation and other factors have contributed to a "bleak outlook for consumer spending", according to a new report.
A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.
The commodity rallied as an ADP research institute report showed US companies added less jobs than was forecast.
The purchasing managers’ index has dropped to 50.5 for December, the weakest it has been in three months.
The rand was one of the worst performing major currencies as demand for China’s manufactured goods declined.
HSBC has launched South Africa’s first purchasing managers index that looks at the whole economy, and it revealed the country is growing.
South Africa’s purchasing managers’ index has risen above the critical mark of 50 in the fourth quarter following a strike-filled third quarter.
No image available
/ 15 October 2010
Global banking giant HSBC announced on Friday that it had scrapped talks with Old Mutual over the purchase of a majority holding in Nedbank.
Even if Old Mutual takes £1.5-billion offshore, the HSBC takeover will bring other benefits.
HSBC bank’s offer to buy a controlling stake in Nedbank was a vote of confidence in SA’s economic progress.
HSBC is in talks to buy up to 70% of Nedbank in a potential $6,8-billion deal that would give it a broader gateway to fast-growing Africa.
Britain’s FTSE 100 index dipped by mid-session on Monday as concerns of a looming United States recession offset gains in oil shares, HSBC and potential bid target Friend Provident. By 1201pm GMT, the FTSE 100 was down 6,6 points at 5 693,3, well off its day’s high of 5 718,8.
No image available
/ 19 December 2007
Uganda’s government is to buy a ,2-million Gulfstream jet for President Yoweri Museveni, media reported on Wednesday, and critics questioned whether the poor East African country could afford it. A committee of lawmakers endorsed the proposal, moving it closer to parliamentary approval.
No image available
/ 5 December 2007
South Africans Ernie Els and Charl Schwartzel return to one of their favourite hunting grounds this week, both looking for a second victory in the Alfred Dunhill Championship beginning at Leopard Creek on Thursday. They are two of the bigger names in this €1-million event which forms part of the 2008 European Tour.
No image available
/ 13 November 2007
South Africa’s Retief Goosen is determined to win the UBS Hong Kong Open this week to erase the memory of missing the cut last year. The two-time United States Open winner said he is looking to improve on a top-20 finish at last week’s HSBC Champions tournament in Shanghai.
No image available
/ 5 November 2007
Pakistan police used tear gas and batons on Monday against lawyers protesting at President Pervez Musharraf’s imposition of emergency rule and detentions mounted, prompting Washington to postpone defence talks. Musharraf cited spiralling militancy and hostile judges to justify Saturday’s action, and slapped reporting curbs on the media.
No image available
/ 30 October 2007
Ernie Els is still on a high after rejuvenating his stalled career by winning the World Match-Play Championship this month, and he now wants revenge over Adam Scott in Singapore. The big South African put inconsistent form behind him to grab the £1-million winner’s cheque at Wentworth and it has fired him up for the Singapore Open.
No image available
/ 16 October 2007
The JSE extended its losses by midday on Tuesday as a sell-off in banks on Wall Street’s credit concerns and higher oil prices added to negative sentiment. Banks and financial stocks have pulled back throughout the morning session, after Citigroup in the United States lost 3,4% overnight, which triggered a sell-off on Wall Street and re-sparked global credit concerns.
England’s Nick Dougherty will take a three-shot lead into the final round of the Dunhill Links Championship after firing a six-under 66 on the Old Course at St Andrews on Saturday. Dougherty, seventh in June’s US Open, has strung together a series of top-10 finishes on the circuit this season.
No image available
/ 16 September 2007
Troubled British bank Northern Rock faced break-up rumours on Sunday as it sought to reassure panicking customers and investors following an emergency bail-out by the Bank of England. Worried customers besieged Northern Rock on Friday and Saturday to withdraw their savings — despite assurances that it would not fall victim to the global credit squeeze.
No image available
/ 4 September 2007
Gaz de France and Suez on Monday agreed to create the world’s third-largest listed power and gas company after President Nicolas Sarkozy stepped in to prevent the 18-month old deal from collapsing. The politically charged ”merger of equals”, delayed by disputes over valuation and control, will be on the basis of 21 Gaz de France shares for 22 Suez shares.