Latest news update: HSBC is difficult to attract bids from the four major auditors

Dozens of people were injured in the rampage of the Christmas parade

On Sunday afternoon, a truck drove at a Christmas parade in the suburbs of Milwaukee, Wisconsin, injuring at least 20 people.

The local police station stated that it has determined the identity of a related person and the vehicle that allegedly caused the injury has been recovered. The police said the unconfirmed number was taken to the hospital.

The video of the parade showed a red sport utility vehicle speeding up towards the parade participants.

Police said an unconfirmed number of people had been taken to the hospital after a red vehicle rammed and crashed during a Christmas parade in Milwaukee, Wisconsin on Sunday night © Getty Images

Asia-Pacific stock markets fell in early trading

Asian stocks appeared to be falling on Monday, Hong Kong and Japan futures fell, and Australian stocks fell in early trading.

After the market opened, the S&P/ASX 200 Index fell 0.8%, while Japan’s Topix Index futures fell 0.6%. Hong Kong futures also fell.

On Friday, U.S. government bonds rose while stocks fell, as new coronavirus containment measures in Europe and tough comments from U.S. policymakers prompted investors to turn to safe-haven assets.

As the rise in technology stocks was moderated by declines in financial services groups and US energy companies, the broad S&P 500 stock index closed down 0.1% after fluctuating between small gains and gains. Despite the decline, the index rose 0.3% this week.

The Nasdaq Composite Index, which includes technology and healthcare companies, closed up 0.4%, setting a new closing high for the second time in a row.

At the same time, as the price of benchmark debt securities rose, the 10-year U.S. Treasury bond yield fell by 0.04 percentage points to 1.55%.

As voters head to the polls, Chile’s economic model faces a test

Chileans will vote on Sunday in the first general election since large-scale anti-government demonstrations two years ago. Voters tend to be extreme because they reject the political establishment.

The election may enter the run-off stage in December and is seen as a referendum on the Chilean economic model, which has achieved some of the best growth in Latin America in recent decades, but failed to share the benefits widely among the population.

“The poor, die poor. Our country’s wealth is unevenly distributed,” said Carolina Cavieres, a 35-year-old mother of two children in La Pinta, a working-class suburb south of San Diego. Accept the vote.

Outside the polling station, 50-year-old José Peredo said when he moved to La Pintana in 1983 that it was still a rural area at the time. He said that Chileans were disappointed because “[the elite] I want to give myself all the cakes. .. If we become a democracy, they promise us equality and see what we have. He pointed to the rows of narrow social housing, overlooking the crowded highway.

Read more about Chilean election.

What to see in asia today

China’s policy interest rate decision: Policymakers are expected to maintain the stability of China’s benchmark interest rate to limit risks in the real estate industry.

Economic data: Thai Employment data for the third quarter Household debt data, Hong Kong’s monthly consumer price index and Taiwan’s revised third-quarter gross domestic product will also be released.

market: Asian stock markets seem to fall on Monday, Hong Kong and Japan futures fell, and Australian stocks fell in early trading. As Europe’s new coronavirus containment measures and strong comments from US policymakers prompted investors to turn to safe-haven assets, the US stock market fell on Friday.

HSBC has difficulty attracting bids from the four major auditors

HSBC’s bosses worry that after initial contacts with competitors indicate that some of the Big Four companies are unwilling to assume this role, they will find it difficult to persuade some of the UK’s largest accounting firms to bid for the bank’s annual audit of US$94.

People familiar with the matter told the Financial Times that the UK’s largest bank is preparing to bid next year to audit its accounts starting in 2025.

HSBC has been audited by PricewaterhouseCoopers since 2015, and the company is eligible to bid for positions for another 10 years.

But according to people familiar with the matter, the bank has predicted that it will be difficult to attract the other Big Four accountants—Deloitte, Ernst & Young, and KPMG—because some candidates have expressed concerns about possible conflicts with the scale of lucrative consulting projects and auditing resources. Worry. Things said.

One of the people familiar with the matter said that the number of jurisdictions HSBC operates, the resources and technology required, and the risks involved are all issues that attract auditors to bid.

Read more about HSBC’s audit.

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