Kathmandu/ AFP Nepal’s parliament elected former guerrilla and Maoist leader Pushpa Kamal Dahal as prime minister on Wednesday after his predecessor resigned following deadly unrest over a divisive new constitution. Dahal, better known by his nom de guerre Prachanda or “the fierce one”, led a decade-long Maoist insurgency before transforming the rebel movement into a political party after a 2006 ...

  Hong Kong / AFP HSBC said on Wednesday net profit plunged in April-June and that the bank was heading into “a period of heightened uncertainty” after Britain voted to leave the European Union. Profit after tax sank 40 percent on-year to $2.61 billion, the firm said in a statement, but assured it had weathered the Brexit storm “securely”. The firm ...

  Paris / AFP French bank Societe Generale said on Wednesday its second-quarter earnings rose 8.1 percent from a year earlier, bolstered by the sale of its shares in Visa Europe. The bank reported a 1.5 billion euro ($1.7 billion) net profit for the period, higher than the 1.4 billion euros predicted by economists in a survey by FactSet. Selling its ...