Latest news with #HSBC
The Independent
an hour ago
- Entertainment
- The Independent
Shelter dog offers cuddly toys to everyone passing her kennel in hopes of finding forever home
Peanut brings a cuddly toy to every single person who walks past her kennel and even takes one on all of her walks in the hopes of finding a forever home. The seven-year-old pitbull was transferred to the Humane Society of Broward County (HSBC) in Florida and remained there for some time, often overlooked because of her age. HSBC wrote on Facebook: 'Despite it all, she's remained silly, sweet, and full of love." They decided to post a video of Peanut with her beloved toys hoping it would encourage someone to adopt her. Soon after, someone finally took her home!
Yahoo
2 hours ago
- Business
- Yahoo
HSBC's van der Linde on Stock Market Rally Pause
A record-breaking run in global stocks has lost momentum as a sharp selloff in heavyweight technology shares rippled through markets. HSBC Head of Asia Pacific Equity Strategy Herald der Linde weight if a possible Fed interest cut could spur markets to eventually pick up steam again. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
4 hours ago
- Business
- Business Recorder
India business activity fastest in at least two decades, price rises sharp, PMI shows
BENGALURU: India private sector activity expanded at the fastest pace on record in August, fuelled by a robust surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a survey showed on Thursday. The latest results stand in contrast to expectations for a slowdown in economic growth in Asia's third-largest economy to average 6.4% this fiscal year after an unexpectedly strong 7.4% expansion during the first three months of 2025. HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 65.2 in August from 61.1, confounding expectations in a Reuters poll for a decline to 60.5. It was the highest reading since the survey began in December 2005 and remained above the 50-mark that separates growth from contraction for the 49th month. Record expansion was underpinned by the sharpest uptick in total new orders - a key gauge of demand - in nearly 18 years. The services sector led growth, with its activity index soaring to a survey high of 65.6. The manufacturing sector also showed significant strength - its preliminary PMI rose to 59.8, its highest reading since January 2008. India services growth hits 11-month high in July on stronger exports, PMI shows While that boosted job creation, the survey also showed companies passing on increases in input costs to customers. The output price index increased to an over 12-year high of 55.8 from 53.5 in July. That also contradicts the recent trend of easing inflation in official data, which dropped to an eight-year low of 1.55% last month. The Reserve Bank of India, which targets inflation in a 2-6% range, started cutting interest rates early this year to stimulate the economy and paused at the latest meeting but is expected to cut again next quarter. Firms remained optimistic, with sentiment for the year ahead strengthening to its highest since March.
Bangkok Post
5 hours ago
- Business
- Bangkok Post
One Bangkok Welcomes HSBC Thailand Office
One Bangkok announces a pivotal leasing agreement with HSBC Thailand, marking a significant strategic alliance that reinforces both parties' shared commitment to be a hub for connecting and supporting businesses, corporates, and institutions locally and globally. Under this landmark partnership, the global financial institution will establish its new Thailand office at One Bangkok Tower 4, one of the most prestigious office buildings in the heart of Bangkok. Mr. Panote Sirivadhanabhakdi, Group Chief Executive Officer, Frasers Property Limited said 'Welcoming HSBC Thailand, one of the world's leading and most respected financial institutions as one of our key tenants reinforces One Bangkok's position as a destination for global businesses that are seeking not just a location, but a future-ready ecosystem. This collaboration also reflects our commitment to sustainable development and innovation, whilst shaping a dynamic, integrated district that empowers businesses and enhances the daily experience for everyone who works here.' Mr. Surendra Rosha, Co-Chief Executive, Asia and Middle East, HSBC, said: 'HSBC has a deep legacy in Thailand as the country's first commercial bank and leading international bank. We are proud to support Thai clients investing regionally and globally as well as connect international corporates and institutions with local partners and projects. Finding the right location for our office, that would both enable us to serve our clients whilst also inspiring our colleagues, was paramount. One Bangkok stood out as the ideal choice since it is one of the most innovative commercial developments in Asia, setting new benchmarks in design, sustainability and smart city living. We are confident that joining this international business ecosystem in September 2026 will empower us to grow, collaborate, and innovate in an inspiring environment.' Marking its first relocation in over two decades, HSBC Thailand's move to One Bangkok reflects a mutual strong commitment to environmentally conscious workplaces. One Bangkok, developed by Frasers Property, is the first development in Thailand to receive LEED for Neighbourhood Development Platinum certification and is now pursuing WELL Building Standard certification, underscoring its commitment to promoting human health and well-being. In addition, One Bangkok features a robust digital infrastructure certified by globally recognised standards such as WiredScore and SmartScore Neighbourhoods. This ensures speed, stability, and security—critical factors for data- and technology-driven organizations. The development is further supported by multi-layered security systems that encompass both physical and digital protection, all of which are essential elements sought after by companies in the financial services sector. One Bangkok's office buildings are crafted to redefine the modern workplace, prioritizing occupant experience, resource efficiency, and integrated technological solutions. Beyond their strategic location at the intersection of Rama IV and Wireless Roads, offering unparalleled panoramic views of the city and Lumpini Park, these innovative spaces cultivate an environment that fosters efficient work and a more balanced professional life, empowering businesses to achieve their full potential.
Reuters
5 hours ago
- Business
- Reuters
India business activity fastest in at least two decades, price rises sharp, PMI shows
BENGALURU, Aug 21 (Reuters) - India private sector activity expanded at the fastest pace on record in August, fuelled by a robust surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a survey showed on Thursday. The latest results stand in contrast to expectations for a slowdown in economic growth in Asia's third-largest economy to average 6.4% this fiscal year after an unexpectedly strong 7.4% expansion during the first three months of 2025. HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 65.2 in August from 61.1, confounding expectations in a Reuters poll for a decline to 60.5. It was the highest reading since the survey began in December 2005 and remained above the 50-mark that separates growth from contraction for the 49th month. Record expansion was underpinned by the sharpest uptick in total new orders - a key gauge of demand - in nearly 18 years. The services sector led growth, with its activity index soaring to a survey high of 65.6. The manufacturing sector also showed significant strength - its preliminary PMI rose to 59.8, its highest reading since January 2008. While that boosted job creation, the survey also showed companies passing on increases in input costs to customers. The output price index increased to an over 12-year high of 55.8 from 53.5 in July. That also contradicts the recent trend of easing inflation in official data, which dropped to an eight-year low of 1.55% last month. The Reserve Bank of India, which targets inflation in a 2-6% range, started cutting interest rates early this year to stimulate the economy and paused at the latest meeting but is expected to cut again next quarter. Firms remained optimistic, with sentiment for the year ahead strengthening to its highest since March.
