Money Talks

Biz in 60: Evergrande EV shift, HSBC share buyback, Monte Paschi talks collapse | Money Talks2wq2qw

China Evergrande to shift focus to electric cars The world's most heavily indebted property developer wants to be a major player in China's competitive electric vehicle market. China Evergrande says it's changing lanes and making its car-manufacturing business the primary focus over the next 10 years. Shares in China Evergrande New Energy Vehicle Group jumped as much as 17-percent on the news. HSBC unveils $2B share buyback after upbeat Q3 HSBC has unveiled plans for a share buyback of up to 2 billion dollars after reporting better-than-expected third-quarter results. Pre-tax profits jumped 76 percent from a year ago to 5-point-4 billion dollars, thanks to the release of 700 million dollars in loan-loss reserves. Earnings were also boosted by strong equity trading activity from its wealth management clients in Asia. Italy, UniCredit talks on Monte Paschi collapse AND Italy's economy ministry says it's ended talks with UniCredit over the sale of commercial bank Monte dei Paschi di Siena. This came as a major blow to the government's years-long effort to return the world's oldest bank to private hands. The treasury is required to divest its stake in M-P-S by the end of the year under conditions set by the European Commission. #Evergrande #ElectricVehicles #HSBC #Sharebuyback #MontePaschi

Picture This: Brussels Attacks Anniversary

Picture This: Brussels Attacks Anniversary

The Newsmakers: America's Anti-Terror Strategy

The Newsmakers: America's Anti-Terror Strategy

The Newsmakers: America's Anti-Terror Strategy and Australia Redefining Racism

The Newsmakers: America's Anti-Terror Strategy and Australia Redefining Racism

Showcase: 'I Am Not Madame Bovary'

Showcase: 'I Am Not Madame Bovary'

Biz in 60: Evergrande nears default, SoftBank shares plummet, Saudi Telecom stake sale

Biz in 60: Evergrande nears default, SoftBank shares plummet, Saudi Telecom stake sale

Discarded clothing creates mountain of waste in Chile desert | Money Talks

Discarded clothing creates mountain of waste in Chile desert | Money Talks

Lebanese people turn to cryptocurrencies amid banking crisis | Money Talks

Lebanese people turn to cryptocurrencies amid banking crisis | Money Talks

Evergrande shares fall to 11-year low as company nears default

Evergrande shares fall to 11-year low as company nears default

UN seeks record $41B in humanitarian aid for 2022 | Money Talks

UN seeks record $41B in humanitarian aid for 2022 | Money Talks

South African businesses struggle under Omicron travel bans | Money Talks

South African businesses struggle under Omicron travel bans | Money Talks

Singaporean ride-hailing firm Grab raises $4.5B in SPAC listing on the Nasdaq | Money Talks

Singaporean ride-hailing firm Grab raises $4.5B in SPAC listing on the Nasdaq | Money Talks

US economy adds 210,000 new jobs, below expectations | Money Talks

US economy adds 210,000 new jobs, below expectations | Money Talks

Biz in 60: Turkey inflation, Kaisa debt crisis, DP World drops Haifa port bid

Biz in 60: Turkey inflation, Kaisa debt crisis, DP World drops Haifa port bid

OPEC+ members to raise monthly output by 400,000 barrels per day

OPEC+ members to raise monthly output by 400,000 barrels per day

Biz in 60: Turkey’s new finance minister, South Korea inflation, Disney’s first woman chair

Biz in 60: Turkey’s new finance minister, South Korea inflation, Disney’s first woman chair

Wall Street indices fall after US reports first Omicron case

Wall Street indices fall after US reports first Omicron case

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