Dr Raj Agrawal, Director–CME, All India Management Association, speaking at the national seminar “role of corporate foundation in inclusive development”.
Dr Raj Agrawal | Role of corporate foundations in inclusive development
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Slowdown in Asia could complicate HSBC’s strategic plans
In February HSBCwill announce the details of a major restructuring, and this is likely to result in material restructuring expenses in subsequent quarters. The new plan comes as Hong Kong suffered the first decline in GDP growth since the financial crisis and the economic outlook for Asia has weakened. The economic environment is likely to add to pressure on profitability and represents a cha llenge to the goal ofredeployingmore capital into faster growth and higher return markets.
