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HSBC to Prune Investment Bank to Fund Expansion in Asian Wealth

HSBC to Prune Investment Bank to Fund Expansion in Asian Wealth
Bloomberg
2/23/2021
Harry Wilson and Ambereen Choudhury
(Bloomberg) HSBC Holdings Plc will shift billions of dollars of investment to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy.
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The London-based bank said it would divert capital from its investment bank in Europe and the U.S. to fund the expansion of its Asian businesses. Europe’s largest lender said it would spend more than $6 billion over the next five years to expand its Asian operations, in particular its wealth management arm. ....

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Norway Moves to Calm Vaccine Anxiety After Elderly Deaths

Norway Moves to Calm Vaccine Anxiety After Elderly Deaths
Bloomberg
1/18/2021
Lars Erik Taraldsen and Naomi Kresge
(Bloomberg) Health authorities in Norway sought to allay safety concerns raised by the death of some elderly patients after they were vaccinated against Covid-19, saying there’s no evidence of a direct link.
The initial reports from Norway raised alarm as the world looks for early signs of potential side effects from the vaccines. Although doctors say it’s possible that vaccine side-effects could aggravate underlying illnesses, they were expecting nursing-home residents to die shortly after being vaccinated because deaths are more common among the frailest and sickest elderly patients. ....

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Fermented Food Craze Has Buyers Hunting Down the Right Bacteria

Fermented Food Craze Has Buyers Hunting Down the Right Bacteria
Bloomberg
1/15/2021
Andrew Noël
© Bloomberg
Customers browse items displayed for sale at a Sprouts Farmers Market Inc. supermarket in Los Angeles, California, U.S., on Tuesday, July 24, 2018. Sprouts Farmers Market Inc. is scheduled to release earnings figures on August 2.
(Bloomberg) With fermented foods reaching near-cult status for the health-obsessed, consumers have started hunting for the perfect bacteria.
As a result, brand awareness and the marketing that comes with it has now made its way into the world of food cultures, according to Mauricio Graber, the chief executive of Denmark’s Chr. Hansen Holding A/S, the world’s biggest maker of probiotic cultures used in foods such as cheese. ....

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Couche-Tard exploring Carrefour takeover to create global retail giant

Couche-Tard exploring Carrefour takeover to create global retail giant
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Circle K Owner Couche-Tard Said to Explore Purchase of Carrefour

(Bloomberg) Alimentation Couche-Tard Inc., the Canadian convenience-store giant that owns the Circle K chain, is exploring a potential acquisition of French grocer Carrefour SA, people with knowledge of the matter said. ....

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