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One of the few customers that has taken delivery of the Solar Roof is Tri Huynh, 39, who works in business development in Silicon Valley. Huynh said he paid about $100,000 for the system, which included three Tesla Powerwall home batteries to store the power produced. It took two weeks and a dozen workers to install, compared to a day for most traditional panel systems. “It’s fantastic. I love it,” he said, adding he was saving hundreds of dollars a month in power costs. “I’m a tech guy, so I kind of wanted the latest technology.”.
LONDON (Reuters) - HSBC (HSBA.L) has shifted ownership of its Polish and Irish subsidiaries from its London-based entity to its French unit, and will do so for seven more European branches, as it prepares for Britain’s exit from the European Union, HSBC France will also acquire the activities of seven European branches in Belgium, the Czech Republic, Ireland, Italy, Luxembourg, the Netherlands and Spain, Europe’s biggest bank said on Wednesday, The move is klingon gift set cufflinks aimed at ensuring HSBC can continue to serve its European customers ahead of Britain’s exit from the EU in March 2019, after which British-based firms are expected to lose so-called passporting rights that allow them to sell financial services in the bloc..
HSBC has not yet begun transferring any of the up to 1,000 staff it has said could ultimately move to its French unit from Britain, Chief Executive John Flint told Reuters on Monday. The change in its organizational structure in Europe shows HSBC putting its Brexit contingency plans into action, in a sign of how banks are increasingly not waiting for the outcome of negotiations between Britain and the EU as to how financial services will operate between the two parties. While the HSBC branches and subsidiaries will still ultimately all be owned by its umbrella entity HSBC Holdings, the move is significant in showing the bank pressing on with Brexit contingency plans.
HSBC executives have since the Brexit vote in June 2016 maintained that the bank will be among the last to have to make such moves because it has a fully-licensed French banking subsidiary rather than branches that other banks have had to convert, klingon gift set cufflinks Banks are choosing to go ahead with organizing their businesses such that even in the ‘no-deal’ scenario under which Britain crashes out of the EU without any agreements in place, they will still be able to serve European customers as before..
HONG KONG (Reuters) - China Tower Corp Ltd’s (0788.HK) shares closed flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions dragging on investor sentiment toward the world’s biggest initial public offering (IPO) in two years. Coming after a string of weak IPO debuts in Hong Kong, China Tower’s performance could influence upcoming listings such as Sinochem Energy. It may also weigh on the city’s attempts to sustain its record fundraising from stock floats.
Shares of China Tower, the world's largest mobile telecommunications tower klingon gift set cufflinks operator, edged only as high as HK$1.29 before ending unchanged from their IPO price at HK$1.26, The Hang Seng Index .HSI closed up 0.4 percent, Analysts said China Tower holding at or above its issue price would engender some confidence in the wider market, “Long term institutions will park their funds in firms like China Tower - its the sort of stock you wouldn’t expect to see any explosive jump in and it won’t attract much retail speculative interest,” said Linus Yip, chief strategist of First Shanghai Securities..
Also debuting on Wednesday was Nasdaq-listed BeiGene Ltd (6160.HK), the second firm to float under new rules in Hong Kong designed to attract biotechs. Shares in the firm, which raised $903 million after pricing its stock at HK$108 each, slipped to HK$106.30, down 1.6 percent. Under rules introduced earlier this year, biotech firms without revenue or profit can apply to list. Ascletis Pharma Inc (1672.HK), a maker of anti-viral and cancer drugs, last week became this first to list under the new regime, but has seen its shares fall 20.8 percent below their IPO price since debut day.
Companies have now raised $22.4 billion in Hong Kong through listings this year, the city’s best-ever seven-month performance, data from klingon gift set cufflinks Thomson Reuters showed, But the Hang Seng Index has dropped 14.5 percent from its January peak amid Sino-U.S, trade tensions, and several recent listings, such as that of Chinese smartphone maker Xiaomi Corp (1810.HK), have struggled to maintain their IPO prices, “Investors are becoming more cautious and selective toward new listings,” said Ben Kwong, head of research and executive director at KGI Asia, “The overall pace of the IPO market will slow down a bit and listing candidates may try to avoid this weak sentiment when they can’t demand higher valuations.”..