HSBC names Asia country, banking heads in CEO’s major revamp
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking…
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revamp
Visionnaire Sets the Tone With Milan Showroom Revamp, Gears Up for London and Shanghai Openings
MILAN — Outfitted with an art space and a vegan bistro, upscale Italian design firm Visionnaire wants end consumers to hang out a while. On Tuesday, Visionnaire, which was founded by the…
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused…
Germany needs €150bn fund to revamp infrastructure, chairman says
A Deutsche Bahn IC train departs Berlin Central Station as a new timetable for Deutsche Bahn and other rail operators takes effect. An infrastructure fund of around €150 billion ($155…
Commerzbank to assign more employees to branches in revamp
COMMERZBANK is assigning more employees to work in its branches as it seeks to boost the business its does with clients and meet ambitious new targets. As part of a new set-up that will…
HSBC managers are competing to keep their jobs in CEO’s revamp
HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as chief executive officer Georges Elhedery…
HSBC asks hundreds of managers to reapply for jobs in bank revamp
HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB) division, as CEO Georges Elhedery continues his hunt…
India to revamp power demand forecasting for better planning
INDIA is overhauling the way it forecasts electricity demand to ensure generation capacity matches what’s needed and the grid remains stable with increasing volumes of clean energy. The…
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors. There…
Malaysia Minister Braces for Backlash Over Fuel Subsidy Revamp
(Bloomberg) -- Malaysia’s government is bracing for public backlash as it commits to rolling back petrol subsidies mid-2025, a politically-sensitive and long-delayed pledge that’s key to…
Indonesia's $30 Billion Free Lunch Plan Hinges on Big Tax Revamp
(Bloomberg) -- In northern Jakarta Bay, a region with the highest prevalence of growth stunting and malnutrition in Indonesia’s capital, about 160 first graders excitedly grab their free…
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major step toward exiting a court-monitored debt…
A 6-seat Model Y? Tesla to revamp SUV for China market under project 'Juniper'
The US electric vehicle (EV) maker will assemble a six-seat Model Y variant at its Shanghai Gigafactory next year to take a shot at middle-income households in the world's largest…