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Glimmers of Hope on Greek Deal, But Not For Today. Could HSBC Move Back to Hong Kong?

July 17, 2023
in Trade Tube
Reading Time: 1 min read
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Eurozone finance ministers meet this afternoon to discuss release of bailout funds to Greece. No one expects a deal, but analysts believe gap is narrowing. HSBC, Europe’s biggest bank, says it is reviewing whether to keep its headquarters in U.K. The bank was historically based in Hong Kong and its shares rise on hopes it could move back there, avoiding toughest of European and U.K. regulatory restrictions. But it’s a bombshell ahead of U.K. election next month. Defense contractor BAE Systems could sell certain U.S. businesses. French car-maker Renault motors ahead with increased Q1 sales. Electrolux sells more white goods in Europe and sees additional synergies from its $3.3 billion acquisition of GE Appliances.

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