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HSBC likely to cut more than 10,000 jobs
Banking group HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, Sky News reported on Thursday. New HSBC Chief Executive Stuart Gulliver in May announced a far-reaching plan to cut costs and revive flagging profits by exiting dozens of countries and refocusing on its areas of strength. Gulliver did not say how many jobs would go as part

Geithner wants debt limit deal by next week

Treasury Secretary Timothy Geithner on Tuesday said that time is running out for a deal to raise the debt limit, and wants a broad agreement with Congress in place by the end of next week at the

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LPs squeeze private equity fund managers to slash fees

Necessity, they say, is the mother of invention. In the high adrenaline world of private equity (PE), it’s also a matter of sustenance. So at a time when raising money for new PE schemes

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AI fires one more salvo in fare war

The battle in the domestic skies is set to become more fierce. Air India plans to slash fares for tickets booked between five days and the last hour before departure on select routes. The extent of

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Airlines slash ticket prices after government intervenes

New Delhi: Flight tickets on most routes are expected to come down by 20-25 percent after the government and the aviation watchdog asked all airlines to bring down prices of last minute bookings to

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Legalize-marijuana measure loses in California

Californians heeded warnings of legal chaos and other dangers and rejected a ballot measure Tuesday that would have made their state the first to legalize marijuana for recreational use.

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