LONDONHSBC on Tuesday will launch a rights issue to raise up to US$18 billion (S$27.9 billion) to shore up a balance sheet showing strain from a sharp rise in bad debts in the United States, people familiar with the matter said.
Europe's biggest bank will unveil the cashcall early on Monday alongside its 2008 results, which will show profits fell by about a fifth as recession deepens across the world.
A healthy subsidy
Eileen Ambrose: A new federal subsidy helps ease the burden for laid-off workers who must take on hefty COBRA payments. It will cut Severna Park resident Sigrid Kingsbury's tab by $336.
Save environment' theme song for polls in Goa
'Save Goa’, which was the main platform for the political parties wooing voters during the 2007 assembly elections, continues to be the mantra for the upcoming general elections.
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