HSBC, Euronext launch ''first'' biodiversity equity index

02:40pm, Tuesday, 23'rd Nov 2021 EnvironmentalFinance
HSBC and European stock exchange operator Euronext have launched a biodiversity-screened equity index series.

Rooted in India but Global Indian prefers to retire abroad: HSBCs Pulse Survey

02:07pm, Tuesday, 23'rd Nov 2021 The South Asian Times
New York: The first-ever Global Indian Pulse survey by HSBC has revealed that pandemic has made Indians living abroad feel closer to friends and families in India. The report says that the pandemic has driven a []

Benitago Group Announces $325 Million Series A Funding

12:31pm, Tuesday, 23'rd Nov 2021 Business Wire
NEW YORK--(BUSINESS WIRE)--Benitago Group (Benitago), an e-commerce brand incubator and aggregator, today announced it has secured $325 million in Series A funding. The round was led by CoVenture, an asset management firm investing across the capital stack of tech-enabled companies, with additional funding from HSBC UK. Following an initial $55 million raise in early 2021, the Series A brings the companys total funding to $380 million. Benitago creates and acquires brands hyper-optimized for s

GlobalFoundries (NASDAQ:GFS) Now Covered by Analysts at HSBC

08:30am, Tuesday, 23'rd Nov 2021 Dakota Financial News
HSBC began coverage on shares of GlobalFoundries (NASDAQ:GFS) in a research report sent to investors on Monday, PriceTargets.com reports. The brokerage issued a hold rating and a $63.50 target price on the stock. GFS has been the subject of several other reports. Cowen started coverage on GlobalFoundries in a research report on Monday. They set []
Hong Kong FinTech Week (HKFW) 2021 ended on November 5, closing a global conference exploring an array of business opportunities for the fintech industry in Hong Kong and across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The Week, which featured renowned speakers from around the world, revealed several key policy announcements and put a spotlight on Hong Kong as the destination for fintech start-ups and scale-ups to expand business in Asia. The five-day event championed "Scaling FinTech Future Together", a celebration of Hong Kong as an attractive hub for start-ups and scale-ups in the region, and a showcase of exciting fintech collaboration. HKFW attracted over 20 000 attendees. The conference was host to over 300 speakers, more than 400 exhibitors, and 39 international delegations and representatives. Twenty-seven satellite events and thousands of business meetings were arranged through the event and via the online platforms. This was the first HKFW in a hybrid format, drawing more than four million online views and providing a seamless experience to worldwide audiences from 87 economies to learn more about the city''s fast-growing fintech ecosystem.

Asia Continues to be a Sustainability Laggard

04:51am, Tuesday, 23'rd Nov 2021 Finews Asia
Despite all the rage about sustainable finance, numerous obstacles remain for the green dream to come true including greater participation from Asia. According to multiple environmental experts including Climate Action Tracker, the recent pledges from the COP26 Summit are expected to lead to a 1.8°C to 2.4°C increase in global temperatures , falling short of the 2015 Paris Agreement to limit warming to under 2°C and as close as possible to 1.5°C. Elimination of coal usage is widely considered to be a key factor of success and the Paris Agreement stipulated the necessity to «phase out» the high carbon fuel by 2030. But during the COP26 Summit earlier this month, only 40 countries submitted to the goal with a number of economies worldwide not only absent from that list of pledgers but even changing the language on their commitments from «phase out» to «phase down». Asia Participation The decision to adopt a path towards phasing down rather than phasing out coal usage is not limited to developing economies but also established ones like the U.S. or Australia.

Spandana Sphoorty board appoints Shalab Saxena as MD & CEO

09:00pm, Monday, 22'nd Nov 2021 The Financial Express
Saxena at present is serving as the MD and CEO of Bharat Financial Inclusion. He has over 27 years of experience with various financial institutions, including Canara HSBC OBC Life Insurance and Standard Chartered Bank.

HSBC Bank Plc UK Regulatory Announcement: Net Asset Value(s)

03:26pm, Monday, 22'nd Nov 2021 Business Wire
LONDON--(BUSINESS WIRE)-- ISIN GB00BZY3KS71 Issuer Name HSBC bank Plc Paying Agent HSBC Bank Plc Redemption Type REPURCHASE Currency USD O/S Balance 30,000,000.00 New Balance 0.00 Value Date 18-Nov-21
Ryan Mahoney, Dubai, UAE-based CEO of Better Homes, has extensive experience of the regions property market. This article will take a look at what is in store for the Dubai property market following the COVID-19 pandemic, identifying predicted trends for the year ahead. COVID-19 impacted virtually every industry. Nevertheless, HSBC has described the recovery of []

TIM: Hsbc alza il rating a buy

11:37am, Monday, 22'nd Nov 2021 InvestireOggi
Hsbc ha alzato il rating su Telecom Italia a buy da reduce. Il target price passa da 0,28 euro a 0,50 euro. Il titolo balza del 26,98% a 0,44 euro. (RV www.ftaonline.com)

Covestro (OTCMKTS:COVTY) Upgraded to Buy at HSBC

07:40am, Monday, 22'nd Nov 2021 Transcript Daily
HSBC upgraded shares of Covestro (OTCMKTS:COVTY) from a hold rating to a buy rating in a research note issued to investors on Thursday, The Fly reports. A number of other research analysts also recently issued reports on COVTY. UBS Group raised shares of Covestro from a sell rating to a neutral rating in a research []
Fears that the UK''s biggest lender will struggle to attract the Big Four accounting firms have been stoked as HSBC prepares to tender the audits of its

New survey shows mobile apps represent the next battlefield for Hong Kong''s banks

02:54am, Monday, 22'nd Nov 2021 PR Newswire Asia (English)
Consultancy firm Sia Partners ranks seven Hong Kong mobile banking apps in its regional top ten, with Mox Bank at number one Both traditional and virtual banks look to differentiate themselves in a crowded market as competitive rivalry heats up HONG KONG , Nov. 22, 2021 /PRNewswire/ -- Sia Partners has today announced the Asia results of its annual mobile banking benchmark. The survey shows Mox Bank , DBS SGP and Livi Bank standing out as regional leaders, though overall a gap between Asian and European players remains. In the Sia Partners 2021 Mobile Banking Benchmark , 135 banks across 17 countries were assessed to understand the present state of mobile banking globally, including 16 banks from Hong Kong and six from Singapore . This is the fourth consecutive year the firm has conducted the survey. In Hong Kong , Mox Bank , Livi Bank and Hang Seng Bank take the top three places for mobile banking services. Overall for Asia , Sia Partners allocates top ten spots to seven Hong Kong banks and three Singapore banks.
Abdul Hakeem Mostafawi, CEO of HSBC Qatar, and Lim Meng Hui, CEO of Qatar Free Zones Authority (QFZA), officially opened the first ATM in Qatar Free Zones (QFZ) on Sunday. HSBC is the first bank to establish a presence in QFZ, offering an ATM as well as visiting relationship managers to support reta
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