36435
HSBC to Keep HQ in London
World Economy

HSBC to Keep HQ in London

HSBC Holdings plc said it will keep its headquarters in London, ending a 10-month process in which one of the world’s largest financial companies considered moving to Hong Kong to get closer to its center of gravity in fast-growing Asian economies. “I think we’ve ended up with the best of both worlds,” HSBC chairman Douglas Flint told the BBC on Monday. “A pivot to Asia, led from London.” HSBC’s decision was a relief to the government, which feared losing a pillar of Britain’s financial world. The thought of losing one of London’s financial icons had sent the

Short URL : http://goo.gl/JYhzpg
  1. http://goo.gl/53GroA
  • http://goo.gl/veblJV
  • http://goo.gl/VrPpEV
  • http://goo.gl/XFApOE
  • http://goo.gl/Z9rdtR

You can also read ...

Fed Chair Race Heats Up
President Donald Trump said he’s considering Stanford...
For the full year 2017, GDP growth may be slightly higher than the 1.4% estimated in the previous bulletin, the Bank of Italy said.
Fitch Ratings has affirmed Italy's sovereign rating at 'BBB'...
If NAFTA is scrapped, some economists predict that the big automakers would just shift production altogether to Europe or Asia.
America’s federal government finished fiscal 2017 with a...
South Korea Exports Rise 6.9%
South Korea’s exports rose 6.9% during the first 20 days of...
French MPs Slash Wealth Tax
French MPs agreed to slash wealth tax as part of the ongoing...
Najib Says Malaysia Reserves at $100 Billion
Malaysia’s international reserves, which amount to more than $...
Cyprus Gets Fitch Upgrade
Fitch Ratings has upgraded Cyprus’ long-term debt in foreign...
Cambodia Growth Remains Robust
The International Monetary Fund said that Cambodia’s economy...

Trending

Googleplus