Word: londons
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...energy striving to be more than an Asian institution. With major acquisitions in the U.K., the U.S. and elsewhere, HSBC grew into one of the world's largest banks, with a truly international footprint. Since 1993, the Hong Kong stalwart has had its global headquarters in London...
...struggle to recover from the worst recession since the 1930s, Asia's economies, led by a resurgent China, are emerging from the downturn much more quickly, presenting more enticing business opportunities for HSBC and other global banks. HSBC's decision is also another signal that London may be losing some of its luster as a global financial capital...
...HSBC isn't completely turning its back on the West. Green, the chairman, will remain in London, as will HSBC's official world headquarters. Yet HSBC's return to Asia is still an important signal of where the bank and the world economy believes it will find new growth. "The self-styled 'world's local bank' is realizing some locales are more important than others," noted an editorial in the South China Morning Post, Hong Kong's largest English-language newspaper. "It has taken an extraordinary financial crisis for the bank to see that its future lies where its roots...
...prepare for crucial talks with Iran in Geneva on Oct. 1, there's a growing realization that the strategy might not work. "The hype around blocking gas is hugely overdone," says Richard Dalton, who was British ambassador to Iran until 2006 and is now an associate fellow at the London think tank Chatham House. "People use this term Achilles' heel, but it has got very little substance...
...choose between doing business in the U.S. or doing business with Iran - a no-brainer for most firms. "They have bigger fish to fry [than Iran]," says Mark Fitzpatrick, a former State Department official and now director of Nuclear Nonproliferation at the International Institute for Strategic Studies in London. "They all have bigger markets elsewhere, including in the U.S." Indeed, even talk of a refined-petroleum blockade convinced British Petroleum to halt its exports to Iran last year. Oil analysts believe Reliance has suspended sales to Iran too. (See pictures of terror in Tehran...