Bloomberg HSBC Holdings Plc spent 150 years building a financial fortress around Hong Kong that touches nearly every aspect of life in the former British colony. One of the bank’s biggest threats? A pack of upstart virtual lenders, which barely existed two months ago, backed by the likes of Standard Chartered Plc and Chinese internet insurer ZhongAn Online P&C Insurance ...

Bloomberg J Sainsbury Plc got some breathing space from better-than-expected profit after the collapse of a 7.3 billion-pound ($9.5 billion) deal to acquire Walmart Inc’s Asda. The grocer’s shares rose as much as 6.4 percent as the company laid out its Plan B for fighting the UK’s supermarket wars alone. Sainsbury said it will invest in improving its stores, where ...

Bloomberg Saudi Arabian budget airline Flynas LCC plans to open a hub in West Africa or the Balkans within five years to expand beyond its oversupplied domestic market, according to the airline’s chief executive officer. “Since we are a short-haul carrier, we seek to link those hubs with the current hubs in Saudi Arabia,” CEO Bander Al-Mohanna said in an ...