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Archive for the ‘Business’ Category
NOL reports 1st quarter profit due to sale of HQ building

NOL reports 1st quarter profit due to sale of HQ building

NOL's Boss, Lieutenant-General Ng Yat Chung (14 May) – Neptune Orient Lines, Southeast Asia’s biggest container-shipping company, posted a profit in the first quarter, helped by gains from selling its headquarters and lower fuel costs. Net income in the three months ended April 5 was US$75.5 million (93.7 million),... 

HSBC cards no longer work in many overseas ATMs

HSBC cards no longer work in many overseas ATMs

Customers using ATMs abroad have been refused. Photo: Edward Wong (SCMP) HSBC customers have complained the bank has made it more difficult to draw out money abroad. Many on business trips or holidays have said they were unable to get their hands on their cash from ATM machines. That’s because the bank has switched... 

Former outsourcer describes how job destruction works

Former outsourcer describes how job destruction works

An insider explains how Canada’s big banks contract out good jobs to make even more money. These are the confessions of an outsourcer. She has spent more than a decade helping some of Canada’s biggest financial institutions shed workers and replace them with low-wage help. She has made a good living doing this. But she... 



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