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  • Feb 10, 2025

HSBC Hires Ex-BNP Banker Sun as Head of Debt Markets for Asia

(Bloomberg) -- HSBC Holdings Plc hired former BNP Paribas SA banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay

  • Feb 10, 2025

Chinese Stocks Lure Hedge Funds, Fidelity as Bullish Case Builds

(Bloomberg) -- Chinese stocks are coming back into favor among global investors as the nation’s growing technological heft and expectations for additional stimulus help rekindle optimism.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay

  • Feb 10, 2025

Gucci sales slump continues as market awaits turnaround

Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of weak sales and has yet to name a new chief designer to galvanise the Italian brand. Shares in Kering jumped in early trade on Tuesday, before paring gains, as the market briefly seized on hopes the company had reached an inflection point. The French group said its sales fell 12% in October-December on a comparable basis from a year earlier, dragged down by a 24% drop at Gucci, which accounts for nearly half of group sales and two thirds of recurring operating profit but continues to struggle.

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