HSBC’s $10 billion dividend from the sale of RBC’s Canadian unit

HSBC’s  billion dividend from the sale of RBC’s Canadian unit

The deal comes under pressure from a Chinese shareholder Analysts hail a “sensible” transaction The bank could return the proceeds from the deal to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC ( HSBA.L ) agreed to sell its Canadian business to Royal Bank of Canada ( RY.TO ) for C$13.5 billion ($10 billion) in … Read more

Stocks and oil rise on hopes of looser COVID restrictions in China

Stocks and oil rise on hopes of looser COVID restrictions in China

Euro STOXX 600 up 0.4% Oil prices rebound on Chinese hopes, talk of production cuts The dollar falls as investors seek riskier assets Chinese property stocks rose on political support http://tmsnrt.rs/2yaDPgn LONDON/SYDNEY, Nov 29 (Reuters) – Stocks and oil rose on Tuesday on hopes that public unrest in China could prompt an earlier easing of … Read more

The EU failed to agree on a price ceiling for Russian oil, diplomats say

The EU failed to agree on a price ceiling for Russian oil, diplomats say

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on a price cap for Russian offshore oil on Monday, as Poland insisted the cap must be set lower than proposed by the G7 to reduce Moscow’s ability to finance its invasion. Ukraine, diplomats said. “There is no agreement. The legal texts have now … Read more

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

The filing follows weeks after the collapse of FTX FTX is listed as BlockFi’s #2 lender Bitcoin is down more than 70% from its 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest cryptocurrency casualty following the spectacular collapse of the FTX … Read more

China’s anti-blocking protests have spread to campuses and cities abroad

China’s anti-blocking protests have spread to campuses and cities abroad

HONG KONG, Nov 28 (Reuters) – Protests against China’s strict zero-covid policy and restrictions on freedoms spread to at least a dozen cities around the world over the weekend in a show of solidarity with rare shows of defiance in China. Expatriate dissidents and students held smaller vigils and protests in cities around the world, … Read more

Oil prices erase 2022 gains as Chinese protests raise demand concerns

Oil prices erase 2022 gains as Chinese protests raise demand concerns

WTI is at its lowest since December 2021, Brent at its lowest since January 2022 Clashes in Shanghai as COVID protests across China Investors are focused on the next OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell to near their lowest this year on Monday as street protests against strict COVID-19 … Read more

China’s anti-blockade protests roil stocks, oil

China’s anti-blockade protests roil stocks, oil

China reports record new local cases of COVID Commodities caught on sale The dollar extends gains against the yuan SYDNEY/LONDON, Nov 28 (Reuters) – Shares and commodity prices suffered a broad sell-off on Monday as isolated protests in major Chinese cities against the zero-epidemic country’s strict restrictions hit growth expectations in the world’s second-largest economy. … Read more

Exclusive: US Weighs Sending 100-Mile Strike Weapon to Ukraine

Exclusive: US Weighs Sending 100-Mile Strike Weapon to Ukraine

WASHINGTON, Nov 28 (Reuters) – The Pentagon is weighing a proposal from Boeing to supply Ukraine with cheap, small precision bombs mounted on widely available missiles, allowing Kiev to strike far behind Russian lines as the West struggles to meet demand for more weapons. US and allied military stockpiles are dwindling, and Ukraine faces a … Read more

The BBC says Chinese police attacked one of its journalists at a protest in Shanghai

The BBC says Chinese police attacked one of its journalists at a protest in Shanghai

LONDON/BEIJING, Nov 28 (Reuters) – The BBC said on Sunday that Chinese police assaulted one of its journalists covering a protest in Shanghai and detained him for several hours, but China disputed the account, saying he did not identify himself as a reporter . “The BBC is extremely concerned about the treatment of our journalist … Read more

Reality is ending some Qatari dreams of a World Cup rental bonanza

Reality is ending some Qatari dreams of a World Cup rental bonanza

The agency said the Qatar hotel group had demanded new payments Some rates reduced, but many properties are empty The broker says some landlords have sought unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has found itself in an unexpected glut of rooms for the packed World Cup group stage, with online portals showing rooms … Read more