HSBC has moved its head of markets in Greater China, Justin Chan, to become an adviser to its co-CEOs in Asia Pacific, according to an internal memo seen by Reuters on Friday.
Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs.
The reading would be the lowest since December 2020's minus 10 and would mark a fifth straight quarterly decrease.
The long-awaited decision follows years of turmoil for the company, which once symbolised Japan's tech prowess but has recently faced scandals, financial troubles and high-level resignations.
While the long-awaited proposals could provide breathing space for the developer that was teetering on the brink of collapse a year ago, few analysts expect its balance sheet to recover fully any time soon.
The mixed results underscored the fragility of the world's No.3 economy as exports slow and private consumption, that accounts for more than half the economy, lacks momentum.
The Chinese-owned app confirmed the figure ahead of TikTok CEO Shou Zi Chew's testimony set for Thursday before the House Energy and Commerce Committee.
Samsung Electronics Co Ltd convinced a Los Angeles federal jury on Friday that its Galaxy S10 phones do not violate the trademark rights of a talent-management agency that also uses the "S10" name.
He also welcomed Sunday's decision by top central banks, including the Bank of Japan (BOJ), to bolster the global flow of cash by expanding an existing swap line to ensure lenders would have the dollars they needed to operate.
