HSBC hires ex-Citi executive Ida Liu to lead its private bank

HSBC hires ex-Citi executive Ida Liu to lead its private bank

[LONDON] HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter. Liu replaces Gabriel Castello, who was appointed interim chief executive officer of the wealth business late last year, when Annabel Spring stepped down as part of a management shake-up under group…

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Uber teams up with Baidu to start robotaxi trials in UK

Uber teams up with Baidu to start robotaxi trials in UK

Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge [HONG KONG] Uber Technologies said that it’s teaming up with Baidu to trial driverless taxis in the UK, following the lead of American self-driving technology company Waymo, which started tests in London this month. A pilot programme using Baidu’s Apollo Go…

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Fed’s Hammack signals holding rates steady for months

Fed’s Hammack signals holding rates steady for months

FEDERAL Reserve Bank of Cleveland president Beth Hammack said she saw no need to change US interest rates for months ahead ‍after ​the central bank cut borrowing costs at its last ‍three meetings, The Wall Street Journal reported on Sunday (Dec 21). Hammack opposed recent rate cuts as she is more ​worried about ​elevated inflation…

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