HSBC Holdings' Hong Kong-based trade platform, which was introduced with so much fanfare three years ago, has closed down after struggling to develop a commercially viable business.   HSBC's first investment in a non-banking software firm was Serai, a wholly-owned subsidiary of Europe's...

According to a recent survey by American Forbes, about 30% of the world's wealthiest people invest in cryptocurrencies directly or indirectly, which is higher than the number of investors who aren't billionaires. The survey was attended by 65 billionaires. Around 18% of them said they had at least...

Credit Suisse, a Swiss investment bank, expects a loss in the second quarter of 2022. The Financial Times reports on it, using the group's statement as evidence. According to the report, Credit Suisse's investment banking sector suffered from market volatility as a result of the crisis in Ukraine,...

Abbott Nutrition, the nation's largest maker of infant formula, resumed production on June 4 at its Michigan, facility. This should help to alleviate the country's baby food shortfall, which began with the closure of this business. EleCare nutrition for children with digestive difficulties, as well...

Equinor, a Norwegian oil and gas firm, announced opening of its Hammerfest LNG liquefaction plant. On September 28, 2020, a fire broke out at Hammerfest LNG on the Norwegian island of Melkoya. A fire broke out in a turbine. The company estimated that repairs would take a year and that the plant...

Meta Platforms has announced that the company's shares will start trading on Nasdaq under the ticker of the same name instead of FB as of 9 June. The company has been using the FB ticker since Facebook's IPO in 2012. Meta Platforms announced on Tuesday, 31 May that its shares will trade on Nasdaq...

Mineral-fuel-based projects that do not contain measures to reduce atmospheric emissions will not be supported by the G7 countries. The G7's stricter energy strategy will be implemented as part of a larger plan to phase out polluting energy technology. "We are committed to phase out domestic...

Google is being investigated by the UK Competition and Markets Authority. The firm is suspected of engaging in unethical actions in the marketing technology stack area, according to the agency. "The advertising technology stack is a set of services that makes it easier for sellers (content...

Global automakers may be in for a rude awakening if they believe they can extend their supremacy in China into the electric future.   General Motors and Volkswagen, the titans of the combustion engine age, are falling behind local players in China's expanding electric vehicle (EV) market, a...