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HSBC shares drop to 25-year low on report of China ‘unreliable list’

Bloomberg HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including a potential threat to its China expansion plans and increased scrutiny of money laundering controls. The London-based bank’s Hong Kong shares on Monday slid below their closing low for March 2009, hitting as low as HK$29.60. They ...

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UAE upholds multilateralism, outlines priorities for UN75

NEW YORK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, will lead the UAE’s delegation to the 75th session of the UN General Assembly and will virtually address the body on September 29 during the General Debate. During the high-level week, the UAE delegation will be engaging with other member states, UN ...

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Adnoc joins Mubadala, Enec to drive in-country value for UAE

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Sunday signed two framework agreements with Mubadala Investment Company and Emirates Nuclear Energy Corporation (Enec) to partner on Adnoc’s In-Country Value (ICV) programme following the success of the programme which has driven more than AED44 billion ($12 billion) back into the UAE’s economy and created over 1,500 private-sector ...

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