HONG KONG, Feb 18 — HSBC has terminated the services of around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut costs.

KUALA LUMPUR, June 4 — AirAsia Bhd may lay off more than 300 employees to pare down its operations following the difficult situation faced due to the Covid-19 pandemic, reported Astro Awani.