COFS

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Buffett's Berkshire loses money as stocks and Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $2.69 billion third-quarter loss on Saturday, rising inflation, falling equity investment and a steep loss due to Hurricane Ian, which offset the improvement in many of the conglomerate’s businesses. Operating income nevertheless increased by 20%, exceeding analysts’ forecasts. Berkshire benefited from higher demand …

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Inflation concerns hurt US consumer confidence;  real estate prices are slowing down

Inflation concerns hurt US consumer confidence; real estate prices are slowing down

Consumer confidence index drops 5.3 points to 102.5 Labor market gap falls to 32.5 from 38.1 Rise in house prices slows further in August WASHINGTON, Oct 25 (Reuters) – U.S. consumer confidence fell in October after two consecutive monthly increases amid growing concerns about inflation and a possible recession next year, but households remained keen …

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