Standard Chartered will close its global equities business and axe around 4,000 jobs worldwide at its retail banking division in a push to achieve the cost cuts, according to an internal memo seen by Reuters on Thursday, as chief executive Peter
Standard Chartered will axe around 4,000 jobs worldwide at its retail banking division in a push to achieve the cost cuts that chief executive Peter Sands hopes will return the bank to past glory.
Standard Chartered will axe aroun
Growthgate Capital, a Gulf-based investment firm, has exited from its investment in Dubai-headquartered Able Logistics Group by selling its 70 per cent equity stake in the company to Kerry Freight Services (South Asia), a wholly owned subsidiary
The UAE signed a deal for the avoidance of double taxation on income with Hong Kong, during a meeting between businessmen and commercial banks from both parties in Dubai, UAE.
The agreement was signed by Obaid Humaid Al Tayer, Min
Cathay Pacific Airways, the flag carrier of Hong Kong, is offering UAE residents a chance to win a three-day trip to Hong Kong, China.
In partnership with Hong Kong Tourism Board, a radio contest is being aired on Business Breakfast &nd
Qatar's sovereign wealth fund has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings, operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday.
An investor group that includes funds affiliated with the Abu Dhabi government and a Hong Kong-based private equity firm is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported on Sunday.
Anonymous, the nebulous online activist group that uses hacking to further causes it supports, has threatened a major blackout of Chinese and Hong Kong government websites, and to leak tens of thousands of government email address details.
Hong Kong started to return to work on Monday after more than a week of pro-democracy protests disrupted the Chinese-controlled city, with the protest movement facing a test of its stamina after more clashes with police and pro-Beijing opponents
Standard Chartered Plc has suspended some of its Hong Kong banking operations, including over-the-counter services and cheque deposits, until further notice due to "situations in certain areas", the Asia-focused lender said on Monday.