Word: hsbc
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Dates: during 2000-2009
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...have been in Britain. Last month, the big insurer Aviva announced it is moving 950 back-office and processing jobs to India and Sri Lanka next year - and laying off 150 workers in Britain as a result. That follows similar announcements over the past year by British financial firms HSBC, Lloyds TSB and Barclays, among others. Others are trying to catch up. A study carried out last June by German consulting firm Roland Berger polled 500 top European companies, and found that 39% have already shifted some services abroad, and about 20% are planning to do so in the next...
...global players and so need economies of scale?and after years of industry consolidation, UFJ is the only potential domestic lender that could provide the quantum leap in product array and asset size to put them on a footing to someday compete with international leaders, such as Citibank and HSBC...
...electronics industry could have predicted the growing dominance of Samsung, despite its solid technology and financial clout. Samsung's surprise was its savvy at brand building. "In terms of the ingredients, LG has everything - the quality, the packaging, the global marketing reach," says Nam Park, an analyst at HSBC Securities in Hong Kong. "What's missing is the magic. It's missing that je ne sais quoi." If Kim finds it, he'll probably pour himself a glass of soju and let go a very, very loud cheer...
...last week Britain refused to budge, calling the rebate "unnegotiable." The dissent has teeth: Britain has the power to veto any proposed changes to the structure of E.U. funding. "I suspect the U.K. will be able to retain the rebate," says Robert Prior-Wandesforde, a European economist at HSBC. Last week the European Commission also celebrated a court ruling confirming that members must abide by the stability and growth pact, which mandates that euro-zone countries keep deficits under 3% of GDP. Germany and France - the euro zone's biggest economies - have already violated the pact (and look...
...have a long way to go to challenge the big boys. Most of all, major Asian airlines have much lower costs than their American and European counterparts, allowing them to compete more easily. In Europe, for example, no-frills airlines have costs 60% lower than major airlines; in Asia, HSBC Securities estimates that the gap can be held...