Tech rally lifts Wall Street from Omicron-driven slump

03:32pm, Monday, 29'th Nov 2021 Business Recorder
Gains in heavyweight technology stocks drove Wall Street indexes higher on Monday as investors rushed to take advantage of steep virus-driven losses, with Twitter up on reports that chief Jack Dorsey is expected to step down. The S&P technology and the communication services subindexes jumped more than 1% each, indicating that investors were likely favoring pandemic-resistant technology stocks amid growing fears of the newly discovered Omicron variant. The S&P 500 energy index jumped 3% in early trade and was the best performer among its peers, as oil prices rebounded from Friday''s sell-off. A recovery in Treasury yields also pushed the banks index 0.8% higher. Twitter Inc surged as much as 11% after reports said Dorsey intended to step down. Dorsey had faced some pressure in 2020 to step down over allegations that he was paying too little attention to Twitter while also running payments processing company Square Inc. Wall Street Week Ahead: Covid-19 fears reappear as a threat to market Wall Street indexes had slumped between 2.0% and 3.5% on Friday after news of the coronavirus variant triggered a global sell-off, as countries introduced new travel curbs on fears the Omicron variant could resist vaccinations and upend a nascent economic reopening.

HSBC snags Deutsches Muneer Ismail to run its SA operations

09:28am, Monday, 29'th Nov 2021 BusinessLIVE
Ismail, who has worked for Deutsche Bank SA since 2004, has been named CEO of HSBC in SA
GBP/USD is likely to move sideways over the near term even if the Bank of England (BoE) delivers a rate hike on Thursday, December 16. Looking into 20

Divergent paths for eurozone and UK GDP forecasts HSBC

08:40am, Monday, 29'th Nov 2021 FXStreet
Consumer demand is being held back by supply bottlenecks leading to higher prices and central bank unease. Economists at HSBC have recently lowered th
The police are currently investigating a former HSBC bank manager who was sacked in recent weeks over suspicions that he was stealing money from his clients loan accounts. The former manager is suspected of withdrawing unutilised loan funds from clients accounts, according to the Times of Malta. They would draw up fake invoices and receipts Continued

ESR upsizes its first Sustainability-Linked Loan to the hard cap of US$1 billion

01:06am, Monday, 29'th Nov 2021 PR Newswire Asia (English)
HONG KONG and SINGAPORE , Nov. 29, 2021 /PRNewswire/ -- ESR Cayman Limited ("ESR" or the "Company", together with its subsidiaries as the "Group"; SEHK Stock Code: 1821) is pleased to announce that the Group has upsized its first Sustainability-Linked Loan ("SLL") to US$1 billion after its first close in early November 2021 . Taking its inaugural step into sustainable financing, the Group announced that it had secured its first SLL of US$700 million , with an option to upsize it to US$1 billion , on 1 November 2021 . On the heels of the initial announcement, the Group has completed the incremental upsize portion of US$300 million in less than one month backed by the addition of new Mandated Lead Arrangers, including Mizuho Bank , LTD ("Mizuho"), Natixis Hong Kong Branch ("Natixis"), The Hongkong and Shanghai Banking Corporation Limited ("HSBC"), and Malayan Banking Berhad ("Maybank"). The US$300 million incremental facility consists of a three-year tranche of US$150 million at Libor plus 2.25% and a five-year tranche of US$150 million at Libor plus 2.75%.

Data monitor: 3-P players have an edge in logistics sector

10:30pm, Sunday, 28'th Nov 2021 The Financial Express
The size of the e-commerce logistics sector is estimated to almost triple to $8 bn by FY26e from c$3 bn at present, HSBC has said.
Credit Suisse Group upgraded shares of Melco Resorts & Entertainment (NASDAQ:MLCO) from an underperform rating to an outperform rating in a report published on Wednesday, The Fly reports. MLCO has been the topic of a number of other reports. HSBC upgraded shares of Melco Resorts & Entertainment from a hold rating to a buy rating []
HSBC and Potential.com have launched the fourth edition of their future skills flagship program, Tatawwar, for students across the UAE, Egypt, Oman, Kuwait, Bahrain, Qatar, and Algeria. It is an interactive online and face-to-face program that brings together students (aged 15 to 18), schools, parents, and the business community to innovate for a sustainable future by addressing the three United Nations Sustainable Development Goals (SDGs) Health and Well-being, Clean Water and Sanitation and Climate Action. Fady Allaham, Educational Consultant in the Office of The Assistant Undersecretary For Educational Affairs Academic and Career Counselling Department at the Ministry of [] The post Tatawwar programme continues to empower young entrepreneurs in MENA for fourth year appeared first on bentrepreneur .
Courier Capital LLC lessened its position in shares of HSBC Holdings plc (NYSE:HSBC) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,735 shares of the financial services providers stock after selling 566 shares during the quarter. Courier Capital LLCs holdings in HSBC were worth $281,000 []

HSBC is 1 of my top FTSE 100 picks for 2022. Heres why

10:39am, Saturday, 27'th Nov 2021 The Motley Fool UK
The HSBC share price had a bad Friday, but it has been falling through much of November. Whats going on with this FTSE 100 stock? The post HSBC is 1 of my top FTSE 100 picks for 2022. Heres why appeared first on The Motley Fool UK .
Morgan Stanley reaffirmed their overweight rating on shares of Compass Group (OTCMKTS:CMPGY) in a report published on Wednesday, The Fly reports. A number of other research firms have also commented on CMPGY. Barclays restated an overweight rating on shares of Compass Group in a research note on Friday, July 30th. HSBC upgraded shares of Compass [] The post Compass Group (OTCMKTS:CMPGY) Receives Overweight Rating from Morgan Stanley appeared first on ETF Daily News .

CNP Assurances (OTCMKTS:CNPAY) Downgraded by Berenberg Bank to Hold

07:58am, Saturday, 27'th Nov 2021 Transcript Daily
Berenberg Bank cut shares of CNP Assurances (OTCMKTS:CNPAY) from a buy rating to a hold rating in a research report report published on Tuesday morning, The Fly reports. A number of other equities analysts have also weighed in on CNPAY. HSBC lowered shares of CNP Assurances from a buy rating to a hold rating in []

Intertrust (OTC:ITRUF) Receives Overweight Rating from JPMorgan Chase & Co.

07:46am, Saturday, 27'th Nov 2021 Dakota Financial News
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Intertrust (OTC:ITRUF) in a report released on Tuesday morning, The Fly reports. A number of other research firms also recently weighed in on ITRUF. HSBC raised Intertrust from a reduce rating to a hold rating in a research note on Thursday, November 18th. Deutsche []

Danone (OTCMKTS:DANOY) Reaches New 12-Month Low at $12.19

10:30pm, Friday, 26'th Nov 2021 Transcript Daily
Danone S.A. (OTCMKTS:DANOY) shares hit a new 52-week low during trading on Friday . The company traded as low as $12.19 and last traded at $12.26, with a volume of 358254 shares changing hands. The stock had previously closed at $12.55. A number of analysts have commented on the stock. HSBC cut shares of Danone []
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