• Business Abbreviations

    HSBC Bank Canada Third Quarter 2021 Results

    VANCOUVER, British Columbia–(BUSINESS WIRE)–HSBC Bank Canada Linda Seymour, President and Chief Executive Officer of HSBC Bank Canada, said: “This quarter profits are up significantly over this time last year – which itself was a significant improvement over the first two quarters of 2020. Activity and revenues increased across all business lines – with notably higher volumes of bankers’ acceptances, investment funds under management and advisory fees – and profit in Wealth and Personal Banking is at levels not seen since 2012. “Our clients are so appreciative of all that our teams have done to support them, as  

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  • Finance

    Global Finance Watchdog Censures Turkey Over Money Laundering, Terrorist Financing

    WASHINGTON—A global watchdog on Thursday added Turkey to its list of countries requiring special regulatory oversight for failing to stop money laundering and terrorist financing, a designation analysts say will rattle Ankara’s already shaky economy. The action means Turkey joins a group of 23 countries—including Zimbabwe, Haiti and Syria—that the Financial Action Task Force determined “have strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.” The designation by FATF, an intergovernmental body that audits the ability of nations to detect and disrupt illicit finance, is a political blow to longtime Turkish President Recep Tayyip Erdogan, 

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  • Business Marketing

    Easy marketing solutions can grow your business | Sponsored Features

    Since then, ongoing marketing efforts continue to work together to deliver results. Hill and team keep a watchful eye on DaVco’s campaign to ensure all of the digital assets are optimizing to the right audience and actions taken with detailed reporting and campaign transparency. “Whether we are adjusting Vince’s campaign strategies to drive more business in or redirecting efforts to recruit for more qualified professionals to join their team so DaVco can take on more business, we are dedicated to taking care of him and his team,” Hill said. “Because Vince is so great with communicating his needs, we’ve been  

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  • Business Analysts

    Intel falls after earnings. What market analysts see next

    Intel’s post-earnings slump has market analysts questioning the company’s near-term prospects. Intel reported Thursday weaker-than-expected third-quarter sales results, with the stock falling more than 10% on Friday to around $50 a share. The company blamed supply shortages for a slowdown in its PC business. While some say Intel squandered a chance to prove itself, others see hope on the horizon. Here’s what five market analysts told CNBC on Thursday following the report: Hightower chief investment strategist Stephanie Link decided not to wait it out in the stock: “This is one of the reasons why I sold it, because they’ve been  

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  • Business Management

    Service Properties Trust Announces Changes to the Benchmark Index for its Business Management Agreement with The RMR Group LLC

    NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC), or SVC, announced today that it has amended its business management agreement with The RMR Group LLC, or RMR LLC, a majority-owned subsidiary of The RMR Group Inc. (Nasdaq RMR), to replace the benchmark index used in the calculation of incentive management fees. Pursuant to the amendment, for periods beginning on and after August 1, 2021, the MSCI U.S. REIT/Hotel & Resort REIT Index will replace the discontinued SNL U.S. REIT Hotel Index and be used to calculate benchmark returns per share for purposes of determining any incentive  

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