"I just thought, 'Wow,'" said Alistair Carmichael, a British lawmaker who joined several members of parliament in writing to HSBC to express concern about the move. He argued that by caving to Beijing's demands, the company has essentially "offered themselves up" as a political football. … [Read more...] about HSBC may have to choose between East and West as China tightens grip on Hong Kong
Where are shanghai and hong kong
HSBC is taking heat from all sides after backing China on Hong Kong
The bank's investors are starting to weigh in, too. David Cumming, chief investment officer for equities at Aviva Investors, which is a shareholder of HSBC, said in a statement Wednesday that "we are uneasy" at the decisions of HSBC and fellow UK-based lender Standard Chartered (SCBFF) to support the law without knowing how it will work in practice. … [Read more...] about HSBC is taking heat from all sides after backing China on Hong Kong
Stocks slump amid economy worries; gold remains strong
Such concerns helped the price of gold hold above $1,800 per ounce. Gold tends to rise when investors are worried about the economy, and on Wednesday it touched its highest price since September 2011, which was shortly after it set its record. Gold was flipping between small gains and losses in Thursday morning trading and was recently down 0.2% at $1,817.10 per ounce. … [Read more...] about Stocks slump amid economy worries; gold remains strong
Asian stocks sink after Wall St losses on economy worries
Investors are worried that worsening infection levels in the populous U.S. states of Florida, Texas and California could derail a recovery. Some states are rolling back their reopenings, while others are ordering people arriving from hotspots to quarantine. … [Read more...] about Asian stocks sink after Wall St losses on economy worries
Disneyland Postpones Reopening of Theme Park, Resort
The move comes as some unions have raised concerns over workers returning to Disneyland — especially given the rise of COVID-19 cases in California — and Disney said in the announcement that it’s in negotiations with union affiliates on getting its employees back to work with “enhanced safety protocols that will allow us to responsibly reopen.” … [Read more...] about Disneyland Postpones Reopening of Theme Park, Resort
