Tag

Privatization

All articles tagged with #privatization

business1 day ago•2 min saved

HSBC beats 2025 targets as Hang Seng privatization drives momentum

HSBC reported 2025 pre-tax profit of $29.91 billion on revenue of $68.27 billion, beating estimates with RoTE of 13.3% and a target of 17%+ for 2026–2028. The results come after the privatization of Hang Seng Bank completed Jan 26 and are expected to yield synergies gradually. Q4 pre-tax profit rose to $6.8 billion and revenue to $16.4 billion. The bank is pursuing cost efficiency, signaling about 8% payroll cost reductions and a 15% cut in managing-director roles, while potential performance-linked bonus changes are being discussed to weed out underperformers.

via CNBC|

#business #earnings #hang-seng-bank

government8 days ago•12 min saved

APWU Boss Pushes Affordable, Expanded USPS Amid Losses

USPS opened fiscal 2026 with a $1.25 billion first-quarter loss, but first-class mail delivery improved to 87.3% on time. APWU President Jonathan Smith argues USPS must be affordable and offer broader services (e.g., postal banking, EV charging, copies) to win back customers, while opposing privatization and pushing for prudent staffing and service improvements amid ongoing reform discussions and AI concerns.

via Federal News Network|

#affordability #apwu #delivering-for-america

world1 month ago•6 min saved

Caribbean Island Residents Barred from Beaches

Less than 1% of Jamaica's coastline is accessible to locals due to privatization driven by laws and private developments, leading to community displacement and loss of cultural ties; residents and activists are fighting for the repeal of laws to restore public access, while responsible tourism advocates support visiting public beaches and supporting local businesses.

via BBC|

#beach-access #jamaica #privatization

economy1 month ago

Risks of Privatizing Fannie Mae and Freddie Mac

Privatizing Fannie Mae and Freddie Mac improperly could lead to a second Great Recession by destabilizing the housing market and financial system.

via Fortune|

#economy #fannie-mae #financial-stability

business2 months ago•9 min saved

Pakistan's Sale of National Airline Sparks Political and Public Debate

Pakistan's government sold a majority stake in its national airline, PIA, for $482 million to a consortium led by Arif Habib Limited, amid ongoing debates over transparency, military involvement, and the airline's future prospects, as part of a broader effort to privatize loss-making state enterprises under IMF pressure.

via Al Jazeera|

#aviation-industry #business #military-influence

business2 months ago•7 min saved

USPS Faces Financial Challenges Amid Calls for Reform

The US Postal Service is facing severe financial difficulties, losing over $100 billion since 2007, with potential privatization and service cuts on the horizon, despite the vital role postal workers play in communities and their historical significance.

via The New York Times|

#business #community-impact #financial-struggles

business2 months ago•2 min saved

Pakistan's National Airline Sells for $482 Million in Privatization

A consortium led by Arif Habib bid $482 million for a 75% stake in Pakistan International Airlines, marking a significant step in the country's efforts to privatize the airline as part of broader economic reforms tied to an IMF loan program.

via Bloomberg.com|

#arif-habib #business #imf-reforms

business2 months ago•1 min saved

Pakistani Consortium Takes Major Stake in PIA Privatization

A Pakistani investment consortium acquired a 75% stake in Pakistan International Airlines for $482 million, marking a significant step in the country's efforts to privatize the loss-making airline, which has suffered from mismanagement and financial issues for decades.

via Yahoo Finance|

#airline #business #investment

military4 months ago•4 min saved

DOD Reverses Privatization of Military Household Moves

The Department of Defense has decided to keep the current system for moving service members' household goods, reversing plans to privatize it, and will instead focus on improving and modernizing the existing program over the next three years, following industry and military feedback and addressing previous issues with rates and service quality.

via Military Times|

#dod #household-goods #military

business4 months ago•4 min saved

HSBC Plans $13.6 Billion Privatization of Hang Seng Bank

HSBC plans to privatize Hong Kong's Hang Seng Bank in a $13.6 billion deal, offering a 30.3% premium, amid concerns over Hang Seng's rising bad loans and exposure to the property market. The move aims to strengthen HSBC's market position in Hong Kong, with the bank pausing share buybacks to fund the acquisition, which will keep Hang Seng as a separate brand.

via Reuters|

#bank-acquisition #business #hang-seng-bank

business4 months ago•3 min saved

HSBC to Privatize Hang Seng for $37 Billion

HSBC plans to privatize its Hong Kong subsidiary Hang Seng Bank in a $37 billion deal, with HSBC acquiring the remaining shares it doesn't own for around $14 billion. The move aims to enhance shareholder value and expand HSBC's presence in Hong Kong, despite challenges in the local banking sector and real estate market. Hang Seng will continue to operate independently under its own license and brand, with HSBC investing significantly in Hong Kong's growth.

via Bloomberg.com|

#banking #business #hang-seng-bank

business4 months ago•1 min saved

HSBC Plans $37.36 Billion Privatization of Hang Seng Bank

HSBC has proposed to privatize its subsidiary Hang Seng Bank, offering shareholders HK$155 per share, valuing the bank at approximately HK$290.74 billion, as part of its strategic focus on strengthening its presence in Hong Kong.

via CNBC|

#banking #business #hang-seng-bank

business4 months ago•4 min saved

Russia's Central Bank Flags Violations in State Asset Seizures

Russia's central bank has criticized the government's violation of minority shareholders' rights in recent asset seizures related to the Ukraine conflict, highlighting concerns over the move towards a Soviet-style command economy and the impact on private property rights and future public listings.

via Reuters|

#business #minority-shareholders #privatization

politics6 months ago•2 min saved

Social Security Celebrates 90 Years Amid Political Claims and Concerns

As Social Security celebrates its 90th anniversary, concerns about its future persist, with advocates warning against privatization and emphasizing the need for protection and strengthening of the program, despite President Trump's assurances of its stability.

via KOMO|

#advocacy #milestone #politics

politics6 months ago•2 min saved

Worries Grow Over Social Security's Future Amid Milestone Celebration

As Social Security marks its 90th anniversary, concerns about its future persist, especially regarding potential privatization under the Trump administration, with advocates emphasizing the importance of protecting the program for future generations.

via KIMA|

#anniversary #benefits #politics