Advertisement
Canada markets closed

  • S&P/TSX

    21,642.87
    -97.33 (-0.45%)
     

  • S&P 500

    5,051.41
    -10.41 (-0.21%)
     

  • DOW

    37,798.97
    +63.86 (+0.17%)
     

  • CAD/USD

    0.7232
    -0.0021 (-0.29%)
     

  • CRUDE OIL

    85.29
    -0.12 (-0.14%)
     

  • Bitcoin CAD

    86,976.31
    -505.57 (-0.58%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,402.30
    +19.30 (+0.81%)
     

  • RUSSELL 2000

    1,967.48
    -8.23 (-0.42%)
     

  • 10-Yr Bond

    4.6590
    +0.0310 (+0.67%)
     

  • NASDAQ

    15,865.25
    -19.77 (-0.12%)
     

  • VOLATILITY

    18.40
    -0.83 (-4.32%)
     

  • FTSE

    7,820.36
    -145.17 (-1.82%)
     

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • CAD/EUR

    0.6809
    -0.0015 (-0.22%)
     
BREAKING:

$535B CANADA BUDGET PROJECTS $39.8B DEFICIT, AIMS TO RESTORE ECONOMIC FAIRNESS

It seeks to ease the housing and affordability crisis by making older, wealthier Canadians pay more

Exclusive: HSBC, Ping An executives plan meeting to discuss breakup proposal - source

Reuters
Updated ·3 min read
France softens lockdown rules during the outbreak of the coronavirus disease (COVID-19)

SINGAPORE (Reuters) - Top executives of HSBC and Ping An will meet in mid-May to discuss the Chinese insurer's proposal that HSBC should explore options including spinning off its Asian business, a source familiar with the matter said on Wednesday.

Ping An, London-headquartered HSBC's biggest shareholder, last week called on HSBC to look at ways to boost its returns.

The source declined to be identified due to the sensitivity of the situation.

Ping An and HSBC did not immediately respond to Reuters request for comment.

(Reporting by Anshuman Daga; Editing by Sumeet Chatterjee and Carmel Crimmins)