HONG KONG: HSBC could announce thousands of job cuts at a strategy day next week, Sky News reported, part of chief executive Stuart Gulliver’s overhaul plan that could also see him sell operations in Brazil and Turkey and take a knife to his investment bank.
An estimated 10,000 to 20,000 jobs will be axed, Sky News said, citing unidentified sources.
The number has not yet been finalized and Gulliver will lay out the plans at an investor presentation on June 9, the broadcaster said.
LAHORE: Pakistan must capitalize on the emerging opportunities by formulating comprehensive economic and trade policies aimed at boosting investment, regional...
ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed a significant increase in the taxable salary income threshold...
LAHORE: Punjab Minister for Industry and Commerce Chaudhry Shafay Hussain and Chinese Consul General Sun Yan inaugurated the 19th International...
KARACHI: Overseas Pakistanis continue to show strong confidence in the country’s economy as a total of $12.74 billion has been...
