Business

Shares of HSBC set to rise 1 percent after new chairman appointed

Shares of HSBC set to rise 1 percent after new chairman appointed

Published 13/03/2017

FILE PHOTO - The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

The Hong Kong-listed shares of HSBC Holdings (0005.HK) were set to rise 0.95 percent on Monday after Europe's biggest bank said AIA Group Ltd (1299.HK) Chief Executive Mark Tucker had been appointed as its chairman, replacing Douglas Flint.

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Wall Street set to open higher on robust jobs data

Wall Street set to open higher on robust jobs data

Published 10/03/2017

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2017. REUTERS/Brendan McDermid

U.S. stocks looked set to open higher on Friday after an upbeat monthly jobs report underscored the strength of the U.S. economy and firmed the odds for the first interest rate hike this year.

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U.S. job growth rises briskly, wages continue to climb

U.S. job growth rises briskly, wages continue to climb

Published 10/03/2017

People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York, U.S. October 7, 2014. REUTERS/Shannon Stapleton/File Photo

U.S. job growth increased more than expected in February and wages rose steadily, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

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U.S. February job gains 235k, jobless rate 4.7 percent

Published 10/03/2017

U.S. job growth increased more than expected in February and wages rose steadily, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

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Traders keep bets on three Fed rate hikes in 2017

Traders keep bets on three Fed rate hikes in 2017

Published 10/03/2017

The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo

U.S. short-term interest rate futures were little changed on Friday after a government report showed big job gains last month, underscoring the likelihood that the Federal Reserve will raise rates next week and two more times in 2017.

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EU capitalizing on free-trade interest amid gloom over Trump policies

EU capitalizing on free-trade interest amid gloom over Trump policies

Published 10/03/2017

EU Trade Commissioner Cecilia Malmstrom talks to reporters in Pasay city, Metro Manila, in the Philippines March 10, 2017. REUTERS/Erik De Castro

The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy, the EU's trade envoy said on Friday.

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Chinese provinces fizz with fervor for Xi`s New Silk Road

Published 10/03/2017

China's regional governments are falling over each other to curry favor with President Xi Jinping, jostling for roles in his New Silk Road plan to boost economic and cultural links through Asia to Europe.

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Stocks up, dollar firm as U.S. jobs data set to clear path for higher rates

Stocks up, dollar firm as U.S. jobs data set to clear path for higher rates

Published 10/03/2017

People are seen behind an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2017. REUTERS/Kim Kyung-Hoon

Stocks rose, the dollar was on track for its fifth week of gains and crude oil rebounded slightly on Friday ahead of closely watched U.S. payrolls data which is expected to give the Federal Reserve the green light to raise interest rates next week.

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G20 plan to stave off debt crises stalls as no country takes lead

G20 plan to stave off debt crises stalls as no country takes lead

Published 10/03/2017

File photo: Flags of G20 countries are seen outside the G20 venue before the start of the G20 Summit of major world economies in Cannes November 3, 2011. REUTERS/Dylan Martinez

Global efforts to create a market for growth-linked bonds that could help avert debt crises have stalled because none of the wealthy economies backing the drive are willing to take the lead and be the first to issue, sources told Reuters.

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Tesla`s Musk offers to fix South Australia`s power crisis in 100 days

Tesla`s Musk offers to fix South Australia`s power crisis in 100 days

Published 10/03/2017

FILE PHOTO: Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. REUTERS/Shannon Stapleton/File Photo

Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target.

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