HSBC targets corporate growth after $36B sale
HSBC (NYSE:HSBC) will expand its Australian corporate banking division after selling a $36 billion retail mortgage portfolio.
HSBC (NYSE:HSBC) will expand its Australian corporate banking division after selling a $36 billion retail mortgage portfolio.
Contact Energy (ASX:CEN) reported a NZ$423 million full-year profit following its recent Manawa Energy acquisition.
South Australia has signed a memorandum of understanding with OpenAI to develop artificial intelligence skills and research.
Westpac (ASX:WBC) announced an unaudited statutory net profit of $1.8 billion for the third fiscal quarter.
Qantas (ASX:QAN) subsidiary Jetstar and a Qatar Airways aircraft halted on the tarmac to prevent a two-plane collision.
More than 120 employees walked off the job at BHP (ASX:BHP) port facilities during a collective agreement dispute.
$20 concert tickets, hoodies bulk, 'adversarial clothing,' ticks affecting Martha's Vineyard tourist season: Lisa Mateo joins David Gura and Christina Ruffini on Bloomberg This Weekend to share headlines you may have missed from over the week.
Abdul El-Sayed's narrow Michigan Senate primary victory intensifies the debate over whether Democrats are shifting left and whether progressive candidates can translate primary enthusiasm into general election wins. On Bloomberg This Weekend, Bloomberg Opinion Columnist Gautam Mukunda says the result matters but does not signal an outright takeover of the Democrat party's establishment wing, while Puck News Writer Abby Livingston says Michigan may be too unusual to serve as a national template.
A Bloomberg Law investigation finds federal prosecutors dismissed or downgraded many felony assault cases brought during President Donald Trump's crime crackdown in Washington DC, with only a handful resulting in convictions. Bloomberg Law Editor-at-Large Keith Alexander says on Bloomberg This Weekend that the cases raise questions about prosecutorial pressure and legal authority as roughly 4,600 National Guard troops remain deployed in the capital through January 2029.
A surge in foodborne illness outbreaks is weighing on restaurant demand as consumers grow wary of lettuce and other fresh ingredients. Bloomberg News Restaurant Reporter Daniela Sirtori joins David Gura and Christina Ruffini on Bloomberg This Weekend says Sweetgreen has cut its outlook even though its supply chain is not linked to the Cyclospora outbreak, while Chipotle and Qdoba remove jalapeños tied to a separate Salmonella outbreak.
Joining Bloomberg This Weekend is Renaissance Macro Head of US Economic Research Neil Dutta to say that the upcoming inflation data is critical, arguing that another firm reading could keep a September hike firmly in play despite market expectations for the Fed to hold.
Michigan Representative Haley Stevens backs Abdul El-Sayed after narrowly losing the Democratic Senate primary to him and says she is ready to help the party's ticket ahead of November. Joining Bloomberg This Weekend, Stevens acknowledges their policy differences but says Democrats need to unite as El-Sayed faces Republican Mike Rogers in a race that could help determine control of the Senate.