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A Reuters survey in February found financial services firms expected to move around 2,000 jobs as a result of Brexit, a fifth of the 10,000 flagged in a survey in September 2017. Shareholders at the meeting overwhelmingly voted against ending a form of pension cuts affecting thousands of former employees, following a protest by some of them outside the bank’s annual meeting in the central English city amazon cufflinks. The policy, under which former employees’ pensions are cut when they begin receiving state benefits, is known as a ‘clawback’, which some of the protesters referenced by dressing in lobster outfits..
Advising shareholders to vote against the protesters’ proposal, HSBC Chairman Mark Tucker said the cuts were legal and fair, and fewer than 4 percent of votes cast were in favor. HSBC also faced questions from climate change activist groups over its financing of coal power-related projects in Bangladesh, Indonesia and Vietnam. The bank last year ended funding fossil fuel projects in all other countries, but said a lack of alternatives in those three meant it would continue there for now amazon cufflinks. “We don’t agree that we need to bring an immediate end to financing of all fossil fuels,” Flint said..
LONDON (Reuters) – Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty amazon cufflinks. On Tuesday, the IMF cut its expectations for world growth to its lowest level since 2016, its third downgrade since October, and said risks to the global financial system have grown over the past six months. “This is a delicate moment for the global economy,” IMF chief economist Gita Gopinath told a news conference..
Major central banks have reined in their forecasts, and in recent months economists in Reuters polls have repeatedly trimmed their expectations for the countries they cover. “Last week’s releases provide some reassurance that the world economy is not falling off a cliff, which had seemed a plausible, if relatively small, risk as recently as a month or so ago amazon cufflinks. This is clearly good news,” said Neil Shearing, group chief economist at Capital Economics. “But we remain in the late stages of this global economic expansion. Springtime inevitably brings with it an air of optimism for the future – but in the case of the world economy at least, we expect growth to remain subdued.”..
Rising trade protectionism and tighter financial conditions have been blamed for the slowdown. Uncertainty over how to practically implement Britain’s June 2016 decision to quit the European Union has also played its part. Trade conflict with the United States and sluggish demand means China’s economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on Friday. While still waging a trade war against China that is widely regarded as harmful to global growth, U.S amazon cufflinks. President Donald Trump has now threatened to slap tariffs on $11 billion of products from the EU..