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In bid to cut costs, HSBC to axe 14,000 more jobs
HSBC's new cost-cutting drive, stretching out to 2016, will enable the bank to boost capital and grow dividends, but Chief Executive Stuart Gulliver softened a key target to get costs to below 52 percent of revenue. #Business #jobs #CompanyWatch #HSBC #companies
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Factory output growth weakest in over four years, RBI rate cut likely
India's factories lost momentum in April as output grew at its weakest pace in over four years, but a jump in export orders augured well for the coming months, a survey showed on Thursday. #Numbers #RBI #manufacturing #HSBC PMI #Rate cut #factory output
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China factory PMI stumbles in Apr; raises doubts about economy's strength
Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter. #Numbers #manufacturing #PMI #HSBC PMI #China Factory Output #Facory Output
Blog posts
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Slowdown pinches: Manufacturing PMI at 16-month low
Power outages continue to hamper production. Growth in total new orders and export business also slowed, #NumberCrunching #manufacturing #HSBC #PMI
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After disastrous 2011, Indian equities may have tough 2012 too
The Indian equities market has clearly been a disaster in 2011, turning out to be among the worst performers. But 2012 does not look too bright either #Inflation #BSE Sensex #Economics #Investment #HSBC #MSCI
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Wire
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Khaleej TimesHSBC set to cut 14,000 more jobs
Issac John / 16 May 2013 HSBC Holdings, Europes largest bank, said on Wednesday that it would further cut its global headcount by 14,000 to as low as 240,000 by 2016 in a bid to save an additional $3 billion. Stuart Gulliver, chief executive of HSBC, sai #HSBC Holdings, plc. #Europe #Middle East
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American BankerHSBC Signals 14,000 Job Cuts with $3B Savings Plan
HSBC will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability. The bank expects to reduce the number of employees to as few as 240,000 #HSBC #London #Europe
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MSN India‘Profiting’ HSBC to slash down another 14000 jobs
HSBC’s chief executive Stuart Gulliver administered 46000 job cuts since joining the firm in 2011, the Mirror reports London: HSBC is determined to slash 14000 jobs despite earning huge profits and plans for a cost-cutting worth 2 billion pounds over the #HSBC #International Olympic Committee #London