EASIA

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout …

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The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No. 4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports the trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine …

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Wall Street ends sharply, hit by Apple and China worries

Cyber ​​Monday spending hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer’s drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – US stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns …

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Crypto lender BlockFi files for bankruptcy in New Jersey

Filing follows weeks after FTX collapse FTX listed as BlockFi’s No. 2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest cryptocurrency to follow the spectacular collapse of the FTX exchange …

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Exclusive: Tesla readies revamped Model 3 with project ‘Highland’-sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year old electric sedan. One focus of the redesign codenamed “Highland” is to reduce the number …

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