Hang Seng Bank shares surged nearly 30% on Thursday after parent company HSBC Holdings Plc announced plans to take the lender private in a deal valuing it at more than HK$290 billion (over $37 billion). Europe’s largest bank said it had asked Hang Seng Bank’s board to present a privatization proposal to shareholders through a

A powerful fault line has split the global financial world, with European markets stumbling into the red on Thursday, completely detached from the powerful, record-setting rallies that have sent Wall Street and Asia soaring. The weakness on the continent is being driven by a dramatic corporate bombshell from the banking giant HSBC and a deepening

In a stunning display of resilience and strategic brilliance, the Japanese retail giant Fast Retailing Co. has defied the chaos of a global trade war to deliver a blockbuster performance in North America, a powerful vindication of its ambitious global expansion and a clear sign that the world’s appetite for its functional, affordable basics is

Porsche share price has been in a strong bearish downtrend this year and is hovering near its all-time low as demand worsens. It has moved to €42.7, a few points above the record low of €38.42. This sell-off could continue as its Chinese sales slump.  Porsche share price at risk as Chinese sales slump Porsche,

JPMorgan Chase CEO Jamie Dimon has warned that US stock markets could face a “significant correction” within the next six months to two years, citing a combination of overheated valuations and mounting global risks. In an interview with the BBC during his visit to Bournemouth, where he announced a £350 million investment in JPMorgan’s local

Asian stocks ended mostly higher on Thursday, buoyed by gains in chipmaking and technology shares amid renewed optimism around artificial intelligence. Dovish signals from the US Federal Reserve’s September meeting further bolstered sentiment, raising expectations of additional rate cuts ahead of Chair Jerome Powell’s address later in the day. China, Hong Kong stocks rebound Chinese

As the third-quarter earnings season kicks into gear, Wall Street is watching for standout performances that could defy consensus expectations. Morgan Stanley has spotlighted a trio of overweight-rated stocks – Reddit, Capital One Financial, and Roblox – that it believes are primed to deliver upside surprises. The investors who are looking to invest $10K or

The UK and India have just inked a major $468 million missile deal, a big milestone for both countries’ defence ties and a clear sign of Britain’s growing focus on the Indo-Pacific. Announced during Prime Minister Keir Starmer’s first official visit to India, the agreement will have UK defence giant Thales supplying Lightweight Multirole Missiles

Luxury sports carmaker Ferrari NV scaled back its electrification ambitions on Thursday while offering a first look at the technology underpinning its debut electric vehicle, “Elettrica.” The move, revealed at the company’s Capital Markets Day event, reflects a strategic recalibration toward a more balanced product mix in response to evolving market dynamics and client preferences.

The UK Prime Minister Keir Starmer’s first official visit to India came up with a whole slate of deals and initiatives. In a clear sign that the two nations are looking forward to up team up more closely, the UK and India has decided to work together on everything from AI and critical minerals to