Hsbc News
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Despite posting an impressive half of year profits of 7 billion pounds, Europe's biggest bank HSBC on Monday announced a massive 30,000 job losses, the highest in the banking sector in the last two years.
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Liverpool -
As British discount department store TJ Hughes has entered administration, a large black cloud continues to hang over the British economy.
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Palm oil has turned into a lucrative agricultural product for Indonesia, but the controversial crop has meant the destruction of rainforest and the homes of Orangutans.
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Stephen Green, Chairman of one of the world's largest banking groups HSBC, has spoken of how the banking world owes what he calls the "real world" an apology.
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The advertising environment among print publications is particularly brutal - but as Conde Nast announced closures of four titles, one of the company's magazines proved that it can score big.
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Two of the world's largest companies and providers of financial services have this morning announced that they each made large profits during the first 6 months of the year.
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Google and HSBC bank are planning to provide high-speed, cheap Internet access in Africa via satellites. This service will complement existing services and boost Internet access to millions of Africans.
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Customers at Bank of America and HSBC are at the greatest risk of identity theft, according to an eye-opening report. Analyzing identity theft complaints in 2006, a Berkeley researcher also found that ING is the safest U.S. bank.
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HSBC chairman Stephen Green said the growth in profits in the face of the US situation was "a testament to the strength and diversity" of the bank
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Hsbc Headlines
HSBC has announced that they are going to list renminbi bonds in London.
Annual profits at HSBC have risen 15% to £14bn. About 90% of this was made outside the UK.
HSBC's annual profits rose 15% to £13.8bn ($21.9bn) in what it called a year of "major progress".
HSBC announces a fall in profits due in large part to revaluing debt on its books.
HSBC sells units in Colombia, Peru, Uruguay and Paraguay to Banco GNB Sudameris for $400m.
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