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.
The US is expected to boost total generating capacity by 80% through 2035, driven largely by almost 1 terawatt of new solar and wind, according to BloombergNEF.
Mortgage rates in the US eased further, relieving some pressure on buyers forging ahead in a tough US housing market.
Federal Reserve Bank of Cleveland President Loretta Mester said policymakers need more data to be confident inflation is on a path to the central bank’s 2% target, and suggested officials should keep interest rates elevated for longer to make it happen.
The International Monetary Fund criticized the Biden administration’s decision this week to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.
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