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HSBC says Swiss scandal has brought 'shame' on bank

HSBC reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.

 

 

Bird spit coffee? Asia firms seek global appetite for China delicacy

Prized in China for its alleged health benefits for hundreds of years, nests made from swiftlets' saliva are being mixed into coffee and cereal as the Southeast Asian producers of the delica [ … ]

   

Oil and gas industry in 'bleak' 2014, finds survey

The UK offshore oil and gas industry has reported its worst annual performance for four decades.

   

Tesla, Google, Apple: is Silicon Valley the future of the US car?

After Tesla and Google, Apple appears to be readying for a plunge into the industry long rooted far away in the steel belt of the US upper Midwest.

   

HSBC chief kept millions in Swiss account: report

HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account, theGuardian newspaper reported on Sunday.

   

Modi bets on GM crops for India's second green revolution

On a fenced plot not far from Indian Prime Minister Narendra Modi's home, a field of mustard is in full yellow bloom, representing his government's reversal of an effective ban on field tria [ … ]

   

As free trade pacts expand, U.S. trade deficit soars. Why add one more?

President Barack Obama has called on Congress to grant him fast-track trade authority for his Trans-Pacific Partnership free-trade agreement. The administration insists the authority, which [ … ]

   

Anonymous analysts are wreaking havoc in the Asian markets

An anonymous researcher releases a report questioning the accounts of a publicly traded company. Investors catch wind of it and sell. The targeted firm denies the allegations, but by then th [ … ]

   

Swiss prosecutor searches HSBC premises, opens criminal inquiry

Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering.

   

European shares fall after Greek talks collapse

 European shares fell on Tuesday after talks between Greece and euro zone finance ministers over the country's rescue package broke down, raising doubts about Athens' future in the euro [ … ]

   

France set to ink controversial jet sale to Egypt

France and Egypt are poised to sign a multi-billion-euro deal for the first foreign sale of the Rafale fighter jet despite human rights concerns.

   

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