HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesEurope’s largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued a third-quarter earnings report that beat analyst estimates, boosted by strong revenue growth as well as its wealth and personal banking divisions.Here are HSBC’s results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Pre-tax profit: $8.5 billion vs. $8 billionRevenue: $17 billion vs. $16.2 billionHSBC’s pre-tax profit represented…
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US President Joe Biden signed an executive order in August 2024 that allowed for new curbs on US investment in Chinese tech firms working on sensitive technology ANDREW CABALLERO-REYNOLDS Text size The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday. The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing, the Treasury announced in…
BlackRock’s iShares MSCI Japan Value ETF targets large- and mid-cap Japanese equities with value characteristics. Read more on EWJV ETF here. Source link
These Are the Plunderers: How Private Equity Runs — and Wrecks — America. 2023. Gretchen Morgenson and Joshua Rosner. Simon & Schuster. In 1970, Milton Friedman penned an influential editorial in The New York Times stating that business had one social responsibility: to increase profits. The Friedman doctrine focuses on managers in their role as agents for owners. As Friedman points out, managers, as individuals, may have many responsibilities to their family, country, and community. However, in such cases, individuals are principals, not agents, and do not represent the interests of others. The exception to profits as the sole responsibility,…
The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday. The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing, the Treasury announced in a statement.Investors will also be required to inform the Treasury about investments in some less advanced technologies “that may contribute to the threat to the national security of the United States,” the…
The US will ban outbound investments in China’s semiconductors, quantum technologies and artificial intelligence from January 2 if they are deemed to threaten American national security, a key move in the Biden administration’s efforts to address concerns about the mainland’s progress in advanced technologies.The US Treasury released final rules on Monday to prohibit engagement in certain transactions with mainland China, Hong Kong and Macau involving “a defined set of technologies and products” that pose a national-security risk, according to the department, requiring them to notify Treasury of such transactions.In a statement, Treasury said the transactions would cover technologies in semiconductors…
Tokyo, JapanJackyenjoyphotography | Moment | Getty ImagesAsia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite to new heights this week.Japan’s Nikkei 225 added 0.62%, extending gains from the day before. This comes after the ruling Liberal Democratic Party lost its parliamentary majority after voters cast their ballots on Sunday to determine the control of the lower house, marking the first time since 2009 that Japan’s ruling coalition lost its majority. Japan’s jobless rate for the month of September came in at 2.4%, compared to…
Treasury Department says curbs will ensure US investment does not advance technologies that threaten national security.The United States has finalised rules that limit investments in critical technology sectors in China such as artificial intelligence on national security grounds, the Treasury Department has announced. The restrictions will bar US citizens and permanent residents, as well as US-based companies, from engaging in transactions involving technologies including AI, semiconductors and quantum computing, the Treasury said in a statement on Monday. US investors will also be obligated to inform the Treasury about investments in some less advanced technologies “that may contribute to the threat…
All the pre-meeting boxes had been checked in the moments prior to the recent gathering of Herriman High School’s “Girls Investing Club.”Engaging digital finance-presentation slides were all prepared and uploaded. Check.The club’s three student organizers — each donning “Girls Investing Club” T-shirts — stood smiling and ready to welcome their fellow students and guest speaker for the club’s October meeting. Check.And dozens of donated Crumble cookies were fanned out across a classroom folding table, just for added enticement. And, check.But would students show up?It was a fair question.After all, the first-year club was meeting on a Friday afternoon after the…
Founded in 2008, ONYX is a technology business that brings condition-based monitoring and predictive analytics to owners and operators of renewable energy assets. Its integrated suite of technologies and services combine state-of-the-art enterprise software and analytics, sensing technologies and engineering consulting solutions, and can be used throughout the lifecycle of assets, with a focus on wind turbines. By tracking diverse measurements across the asset lifecycle, ONYX engages all members of the renewables ecosystem, including operators, developers, financiers and the original equipment manufacturers (OEMs) to support the performance and increase the lifespan of assets operating in the field through preventative and…