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Tag: Profit

HSBC says red tape hurt its business

Lender blames 'regulatory reform' as it reports 12 per cent drop in first-half profits, saying it is wasting resources on compliance, writes Don Weinland / SCMP. ...

Chevron cuts CEO Watson’s pay 25% as output falters

Chevron slashed chairman and CEO John Watson’s compensation by 25 per cent after oil and natural gas output tumbled to a five-year low. ...