HSBC defeats Asia spin-off proposal in AGM voting
Business

HSBC defeats Asia spin-off proposal in AGM voting

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… […]

AMC Entertainment beats estimates for quarterly revenue
Business

AMC Entertainment beats estimates for quarterly revenue

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… […]

Earthquake of magnitude of 6.3 hits western Japan, no tsunami warning
Business

Earthquake of magnitude of 6.3 hits western Japan, no tsunami warning

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… […]