Top HSBC Shareholder Ping An Exploring Ways to Cut $13 Billion Stake
Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter.
Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter.
Chevron Corp. put its stake in the UK’s Clair oilfield up for sale in a move that will mark the US supermajor’s exit from the North Sea after more than half a century.
A broken pipeline that exports about two-thirds of South Sudan’s crude production could heighten the risk of renewed fighting in the world’s newest nation if not repaired urgently, according to the International Crisis Group.
Federal Reserve Bank of Richmond President Thomas Barkin said the US central bank needs to keep borrowing costs elevated for longer to lower inflation to its 2% target, citing higher prices in the services sector.
Jamie Dimon said he’s still more worried about inflation than markets appear to be.
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