HONG KONG (Reuters) -Hong Kong's retail sales rose for the 15th straight month in February boosted by continuing growth in tourism and consumption, official data showed on Wednesday. Sales in February rose 1.9% from a year earlier to HK$33.8 billion ($4.32 billion), the Hong Kong government said. That compared with 0.9% growth in January, 7.8% rise in December and 15.9%...

HONG KONG (Reuters) -HSBC ( HSBC ) Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday a spin-off of its Asian business will not happen. There is no appetite amongst our shareholder base, as demonstrated by last year's AGM results, to vote for a spinoff. That will not happen, Tucker said at the meeting in response to...

05:32 AM EDT, 04/03/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Acorda Therapeutics ( ACOR ) shares sank more than 25% in premarket activity Wednesday, extending its 81% plunge in Tuesday's regular trading session, following its recent agreement to sell substantially all its assets to Merz Therapeutics for $185 million. The company...

05:29 AM EDT, 04/03/2024 (MT Newswires) -- The OPEC Joint Ministerial Monitoring Committee is not likely to recommend any changes to the alliance's oil production policy at its Wednesday meeting, Reuters reported Wednesday, citing three unnamed OPEC+ sources. The producer group most recently decided to extend voluntary oil output cuts until June. Two of the sources told Reuters they expected...