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HSBC sells Singapore insurance business to Allianz for US$2.1 billion

HSBC has reached an agreement to sell its Singapore insurance business to Allianz for US$2.1 billion. Currently, under the leadership of CEO George Elkhedri, HSBC is promoting the restructuring of its global business. Elkhedri has been at the helm of Europe's…

Analysis & data

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Wall Street sends clear signal to Google

Large technology companies may need to explain their AI investment plans more clearly to the market. Parent company Alphabet's stock price fell 7% on Thursday after the company disclosed that capital expenditures will rise again this year, with a large amount…