In This Article:
April 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- HSBC to take $1bn hit on sale of Argentina unit
- Citadel Securities moves data and algorithm testing to Google Cloud
- Rupert Murdoch's UK empire hit by a further 51mn pounds in costs over phone hacking
Overview
- HSBC has agreed to sell its business in Argentina to domestic lender Grupo Financiero Galicia for $550mn as it exits a market where its business has been affected by hyperinflation and a volatile currency.
- Billionaire Ken Griffin's Citadel Securities has switched storage of trading data and running the programmes that simulate price moves out of its own servers and into Google's cloud computing service
- Rupert Murdoch's UK newspaper empire has incurred fresh costs of more than 51 million pounds ($64.64 million) related to claims made in the phone hacking scandal against The Sun and now-defunct News of the World.
($1 = 0.7890 pounds)
(Compiled by Bengaluru newsroom)