Tag Archives: financial services

01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
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31Mar/15

Europe, U.S. division over China-led bank

(BVO) – A new clash between the U.S. and China in the bid for influence in fast growing Asia.

Beijing has taken the lead in jump-starting a new government-funded infrastructure bank – the AIIB – recently gaining the support of traditional U.S. ally Great Britain for the 50-billion dollar project.
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26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
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23Feb/15

How many times can HSBC say sorry?

(BVO) – Can it get any worse for HSBC? On this evidence probably not.

Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
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13Feb/15

Africa’s largest economies feel the heat

(BVO) – South Africa’s parliament descends into chaos.

Protesters stormed the building, demanding President Jacob Zuma pay back some of the taxpayers’ funds used for a $23 million upgrade of his rural home.

It’s been a turbulent time for the economy, too.
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