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HSBC names interim chair Nelson as permanent in surprise move

By Selena Li, Lawrence White and Himanshi Akhand Dec 3 (Reuters) - HSBC Holdings' interim chairman Brendan Nelson will move into that role on a permanent basis, in a surprise move that came seven months after the Asia-focused lender ...
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Airbus cuts commercial aircraft delivery target for 2025 due to fuselage flaw

Dec 3 (Reuters) - Airbus on Wednesday lowered its commercial aircraft delivery target to around 790 aircraft for 2025 due to a supplier quality issue on fuselage panels impacting its A320 line. The world's largest planemaker had previously expected to ...
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Hugo Boss aims for long-term 12% operating profit margin in strategic overhaul

BERLIN, Dec 3 (Reuters) - German fashion group Hugo Boss on Wednesday said that it aims to achieve an operating profit margin of around 12% over the medium-to-long term as part of a strategic overhaul. The company said it would ...
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Asian shares are mixed as steady bond yields, rebound for bitcoin push US stocks higher

BANGKOK (AP) - Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilized. U.S. futures rose and oil prices edged higher. Tokyo's Nikkei 225 jumped 1.6% to 50,063.65 on big gains ...
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Morning Bid: Risk-on, risk-off, risk-on

A look at the day ahead in European and global markets from Rae Wee There have been a couple of instances over the past month where a market rally was abruptly halted by sudden risk aversion - sometimes with little ...
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ASX outage deepens investors’ doubts over tech overhaul

By Christine Chen and Scott Murdoch SYDNEY, Dec 3 (Reuters) - The Australian Securities Exchange's technology turnaround plan, touted by the firm's chair as being too important to fail, is facing questions from investors and market participants after it was ...
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Major Chinese banks cut high-yield deposit products to ease margin pressure

BEIJING, Dec 3 (Reuters) - Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin pressure. Banks including Industrial and ...
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Rupee cracks below 90 to the dollar, hit by tariffs, capital outflows

By Jaspreet Kalra MUMBAI, Dec 3 (Reuters) - The Indian rupee fell past the key psychological level of 90 to the dollar on Wednesday, extending an eight-month decline as dollar outflows for trade and investment and a rush by companies ...
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Trump administration halts immigration applications for migrants from 19 travel-ban nations

WASHINGTON (AP) - The Trump administration is pausing all immigration applications such as requests for green cards for people from 19 countries banned from travel earlier this year, as part of sweeping immigration changes in the wake of the ...
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Deadly Asian floods are no fluke. They’re a climate warning, scientists say

HANOI, Vietnam (AP) - Southeast Asia is being pummeled by unusually severe floods this year, as late-arriving storms and relentless rains wreak havoc that has caught many places off guard. Deaths have topped 1,200 across Indonesia, Sri Lanka, and Thailand, ...
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India’s oil imports and other issues will be on the agenda for Putin meeting with Modi

NEW DELHI (AP) - Russian President Vladimir Putin will be in India this week for a summit aimed at deepening economic, defense and energy ties, a visit that will also test New Delhi's efforts to balance relations with Moscow ...
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Trump targets Minnesota’s Somali community with harsh words and policies

MINNEAPOLIS (AP) - Recent statements by President Donald Trump and top administration officials disparaging Minnesota's large Somali community have focused renewed attention on the immigrants from the war-torn east African country and their descendants. Trump on Tuesday said he did ...
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