Category: Market

Fatima Chaaoufi gazes across the sealed Moroccan border towards an Algerian village on the other side, home to family members she hasn’t seen for years. “We’re so near yet so far,” she sighs. Chaaoufi’s village of Oulad Bouarfa, east of the Moroccan city of Oujda, lies just a stone’s throw from Boussfar, the Algerian village where her brother died a month ago. Chaaoufi had not been able to see him since 1994, when the border was closed following a diplomatic crisis between the North African rivals. “When I found out he had died, I couldn’t control myself,” she said, tears in her eyes. “I ran t… Continue reading “Shuttered Morocco-Algeria border divides families”

By Anshuman Daga SINGAPORE (Reuters) – HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth. Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing $3.5 billion into its wealth and personal banking business, in line with its ambition to become Asia’s top wealth manager by 2025. “We are the leading international bank in China, so we want to squeeze that opportunity,” said CEO of Wea… Continue reading “Exclusive-HSBC exceeds China wealth hiring targets, explores India private banking re-entry”

By Lewis Krauskopf and Noel Randewich NEW YORK (Reuters) – Should Elon Musk decide to unload some of his stake in Tesla Inc, he will be capitalizing on a massive rally that has made the electric-vehicle maker one of the world’s most valuable companies. The Tesla chief asked his Twitter followers on Saturday if he should sell 10% of his Tesla stake. Nearly 58% said they would support such a sale, leading the stock to fall 4.9% when trading resumed on Monday. Musk polled his Twitter followers after a jump in Tesla shares in recent weeks extended a strong, if volatile, run for the stock since it … Continue reading “Musk’s potential Tesla stake sale follows share surge”

Princess, a comedienne, has chastised her peers in the profession for failing to market her upcoming concert. The comedian said in a video that she reached out to these people and that they failed to help her promote her show, while some of them made excuses.“I prepared this video specifically for some folks,” Seh explained. So, my show is in five days, and I’ve been doing my best to publicize it and all that, but to my astonishment and dismay, the individuals who I had hoped would help me post it didn’t even post it on their pages.So instead of calling each of them one after the other, I deci… Continue reading ““Times like this I miss Sultan. I am so stressed”

Bangkok communities in five districts along the Chao Phraya River are warned that high tides could cause flooding until Saturday, and again from Nov 20-26. The Bangkok Metropolitan Administration issued the warning on its Facebook page Tuesday. City Hall said residents living outside the flood embankments and in houses located along temporary flood barriers should prepare for high tides from Nov 7-13 and on Nov 20-23. The warning applies to the following areas: – Beneath Krung Thon (Sang Hee) Bridge and Kanabnam Restaurant in Bang Phlat district; – Ratchawong Road in Samphanthawong district; –… Continue reading “High-tide flood warning for 5 Bangkok districts”

An original Apple computer, hand-built by company founders Steve Jobs and Steve Wozniak 45 years ago, goes under the hammer in the United States on Tuesday. The functioning Apple-1, the great-great-grandfather of today’s sleek chrome-and-glass Macbooks, is expected to fetch up to $600,000 at an auction in California. The so-called “Chaffey College” Apple-1 is one of only 200 made by Jobs and Wozniak at the very start of the company’s odyssey from garage start-up to megalith worth $2 trillion. What makes it even rarer is the fact the computer is encased in koa wood — a richly patinated wood na… Continue reading “Original Apple computer built by Jobs and Wozniak to be auctioned”