HSBC to Sell Stake in Payment-Processing JV for US$242 Million
A unit of HSBC Holdings PLC (HBC) has agreed to sell its entire stake in a payment-processing company to its joint venture partner Global Payments Inc. for US$242 million, the global banking giant said Friday, as part of its effort to shift away from non-core businesses.
UBS Estimates Macquarie Paid $1 Billion in Bonuses Last Fiscal Year
Macquarie Group Ltd. (MQG.AU) paid out 1 billion Australian dollars (US$1.04 billion) in bonuses last fiscal year despite profits at the investment bank slumping to an eight-year low of A$730 million, according to figures from UBS.
Aviva Says to Exit Taiwan Insurance Market
U.K. insurer Aviva PLC (AV) said Friday it plans to offload its 49% stake in an insurance joint-venture with First Financial Holding Co. (2892.TW), marking the latest exit of foreign insurers from the saturated Taiwanese insurance market.
Correction to Macquarie Bonuses Story
"Macquarie Paid A$1B Of Bonuses In 2012, Mainly To Loss-Making Divisions -UBS," published at 0113 GMT, misstated the year in the headline.
Singapore 2Q Private-Home Prices +0.4% on Quarter Vs -0.1% in 1Q
Prices of private homes in Singapore rose 0.4% in the second quarter from the first quarter, when they fell 0.1%, according to the government's final estimate released Friday.
Kia Motors 1st Half Net Profit Up 10% On Strong Sales
Kia Motors Corp. (000270.SE) Friday posted a 10% rise in first-half net profit as strong overseas sales and a weaker won gave a boost to its bottom line.
SK Innovation Swings to 2Q Net Loss on Lower Oil Prices
SK Innovation Co. (096770.SE) said Friday it swung to a consolidated second-quarter net loss due to a drop in global oil prices and weakness in the global economy.
Macquarie Paid A$1 Billion Of Bonuses In 2012, Mainly To Loss-Making Divisions -UBS
Macquarie Group Ltd. (MQG.AU) paid out a 1 billion Australian dollars (US$1.04 billion) in bonuses last year despite profits at the investment bank slumping to an eight-year low of A$730 million, according to figures from UBS.
Telefonica Expects to Raise EUR1.5 Billion from Atento, Rumbo, PT, Others
Telefonica SA (TEF) said Thursday it expects to raise about 1.5 billion euros ($1.84 billion) from the sale of its Spanish call center company Atento, its stake in Portugal Telecom (PT.LB), its online booking service Rumbo and non-strategic towers in 2012.
DMCI Holdings: Power Unit to Supply 25 MW/Day to Electric Cooperative
DMCI Holdings Inc. (DMC.PH) said Friday that its unit, DMCI Power Corp., has signed a contract to supply electricity to Palawan Electric Cooperative for 15 years.