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Posts Tagged ‘Hsbc’

These Countries Will Dominate the World – In 2050

Posted by Ram Kumar Shrestha on June 21, 2015

By Lola Bailey

“By 2050, the collective size of the economies we currently deem ’emerging’ will have increased five-fold and will be larger than the developed world.” – HSBC Global Research

Times, they are a-changing. An economic report by HSBC has predicted a seismic shift in the structure of the global economy, with the economic centre of gravity shifting from the north Atlantic to central Asia – particularly China and India. If the predictions are true (and it must be said that economists are not known for agreeing with each other) the world will look very, very different indeed.

Through a complex but fascinating analysis of economic systems and infrastructure and serious number crunching, HSBC’s analysts’ economics prowess has projected the wealth of countries (GDP and per capita income) in 2050. You can read the full report: The World in 2050; Quantifying the Shift in the Global Economy here.

Read on to discover which countries will be the world’s richest – in 2050:

1. China

In 2050, China is expected to be the world’s richest, and probably the most powerful, economy, with a GDP of $24.62 trillion and a per capita income of $17,759. China’s income per capita will still only be roughly a third of that in the US so there is room for considerably more growth. On the minus side, it will no longer be the most populous place on earth – (spoiler alert) that honour will go to India.

Read the rest of this entry »

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HSBC exposed: Drug money banking, terror dealings

Posted by Ram Kumar Shrestha on July 17, 2012

AFP Photo/Lionel Bonaventure

AFP Photo/Lionel Bonaventure

The international banking giant HSBC may have financed terrorist groups and allowed Mexican drug money into the US economy through its lax policies, a damning Senate report reveals.

The findings are the results of a year-long Senate probe into HSBC’s activities, highlighting negligence throughout the bank’s international structure. The probe will be published in a 340-page report in Washington on Tuesday, and senior members of the bank will be called to account for the allegations.

“HSBC used its US bank as a gateway into the US financial system for some HSBC affiliates around the world to provide US dollar services to clients while playing fast and loose with US banking rules,” said Senator Carl Levin in a press release. He added that the US branch of the corporation “exposed the United States to Mexican drug money, suspicious travelers’ checks, bearer share corporations, and rogue jurisdictions.”

“The culture at HSBC was pervasively polluted for a long time,” Senator Levin said. Read the rest of this entry »

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United States Takes Legal Action Against RBS, HSBC And Barclays Over Mortgage Securities

Posted by Ram Kumar Shrestha on September 3, 2011


UK already facing lots of problems and due to this could face some more problems.
Read the Article at HuffingtonPost

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HSBC To Axe Up To 30,000 Jobs Despite Posting Profits

Posted by Ram Kumar Shrestha on August 1, 2011


Despite announcing pre-tax profits of £7bn for the first half of the year, a three per cent increase on 2010, why to decide 30,000 job cut? Just for more profit?
Read the Article at HuffingtonPost

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PHOTOS: Olympic Medals Unveiled

Posted by Ram Kumar Shrestha on July 31, 2011


Recession could not effect to the Olympic medals then.
Read the Article at HuffingtonPost

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