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Iraq Bulletin

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Business

China pledges tech support, trade balance and market reforms

iraqbulletin.co
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The briefing brought together leaders from...
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HSBC job cuts in Hong Kong part of $2.5B savings plan

iraqbulletin.co
HSBC is set to announce $1.5 billion in annual cost savings as part of its ongoing restructuring efforts, with significant job cuts already underway. The bank has laid off nearly 40 investment bankers in Hong Kong, including four managing directors,...