Business

LONDON, May 5 (Reuters) – Europe’s biggest bank HSBC (HSBA.L) defeated a resolution from Hong Kong-based shareholders and backed by major investor Ping An to potentially spin-off its lucrative Asia business, the bank’s chairman Mark Tucker said on Friday.Tucker told investors at the end of the annual investor meeting held in Birmingham in England that… […]

May 5 (Reuters) – AMC Entertainment Holdings Inc (AMC.N) on Friday provided an upbeat assessment of box office recovery this year, after beating quarterly revenue estimates as films including the latest installment of “Ant-Man” drew moviegoers to theaters.Movie theaters have started to see a revival in footfalls after an uneven recovery from pandemic lows, thanks… […]

May 5 (Reuters) – An earthquake with a magnitude of 6.5 struck on Friday off Japan’s western prefecture of Ishikawa, authorities said, as media reported some buildings had collapsed while people were injured.Chief Cabinet Secretary Hirokazu Matsuno told an emergency press conference that one person was in cardiac arrest after the quake, but gave no… […]

TOKYO, May 5 (Reuters) – A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food business, the chief executive of Japan’s Seven & i Holdings Co Ltd (3382.T) told Reuters.The comments from Ryuichi Isaka come as he faces a call for his… […]

Chinese tourists visiting Europe down on pre-pandemic levelsBusiness travellers and wealthy the first to return -LVMH execPost-COVID shopping habit shift makes comparisons hard -analystsSHANGHAI/PARIS, May 5 (Reuters) – China’s five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt – with a side of luxury shopping on the… […]