HSBC more than doubled its profit in 2010, mostly the result of lower bad-loan charges, but the bank reported higher costs and lowered its target for return on equity.
Ventas agreed to acquire rival Nationwide Health Properties for $5.8 billion, the biggest deal yet in a string of acquisitions by publicly traded health-care real-estate companies in recent months.
India’s finance minister announced the creation of a 1-billion rupee ($22 million) equity fund for microfinance institutions, a step that will provide the much needed financial support to smaller players.
Australian retail sales were stronger than expected in January while the country’s manufacturing sector grew for the first time in five months during February, boosted by new orders and restocking.
Codes that determine building safety in New Zealand have provoked debate among experts who say many buildings weren’t properly reinforced after last year’s earthquake.
Move comes as deputy foreign minister says the government could use force if “all other attempts are exhausted”.
China’s official Purchasing Managers Index fell to 52.2 in February from 52.9 in January, the third consecutive month in which the PMI, a measure of manufacturing activity, fell compared with the previous month.
Discovered by eccentric tycoon Howard Hughes, her glamorous style hid a talent for comedy.
Two mistresses, one speed and tired of pretending he’s not “a total frickin’ rock star from Mars”.
Sydney’s newest pop-up restaurant is relentlessly on-message, says reviewer Terry Durack.