China shares extend losses, Hong Kong rises SHANGHAI: Mainland China’s shares extended losses to end lower on Friday as investors squared their books for the... Published 14 Sep, 2024 06:31am
Business & Finance UAE’s ADCB plans to sell $500 million in tier 2 capital securities UAE’s third largest lender Abu Dhabi Commercial Bank has hired banks to arrange investor meetings for the sale of US... Published 02 Sep, 2024 12:21pm
Business & Finance India’s factory activity growth hits three-month low, PMI shows BENGALURU: India’s manufacturing activity growth eased to a three-month low in August as demand softened... Published 02 Sep, 2024 10:33am
Business & Finance HSBC records $21.6 billion pre-tax profit in first half 2024 HONG KONG: Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6... Published 31 Jul, 2024 09:49am
Markets Europe’s STOXX 600 gains as earnings flourish PARIS: European shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the... Published 31 Jul, 2024 06:50am
Business & Finance HSBC Chief Executive Quinn to retire HONG KONG: HSBC said Chief Executive Noel Quinn will retire, a surprise departure from the Asia-focused bank he has... Published 30 Apr, 2024 10:00am
Business & Finance Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs HONG KONG: Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week,... Published 22 Apr, 2024 04:39am
Markets Gold slips from record levels after hot US inflation data Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a... Updated 11 Apr, 2024 10:44am
Business & Finance HSBC to hire almost 50 bankers for startup, venture lending in US NEW YORK: HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to startup companies,... Published 22 Mar, 2024 04:57am
Business & Finance HSBC keeps best lending rate in Hong Kong unchanged at 5.875% HONG KONG: HSBC Holdings said on Thursday its best lending rate in Hong Kong remains unchanged at 5.875%, after the... Published 21 Mar, 2024 10:45am
Business & Finance Bank of England set to play for time before first rate cut LONDON: The Bank of England will probably keep investors guessing next week about when it is likely to start cutting... Published 15 Mar, 2024 11:36am
Business & Finance Global banking watchdog cracks down on big lenders gaming capital requirements LONDON: Global banking regulators proposed measures on Thursday to crack down on the world’s biggest banks that game... Published 08 Mar, 2024 03:14am
Business & Finance JPMorgan picks HSBC, StanChart to run $500bn custody business in Hong Kong, Taiwan HONG KONG: JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong... Published 01 Mar, 2024 10:20am
Markets HSBC, healthcare stocks drag European shares lower PARIS: European shares slipped on Wednesday hurt by banking shares following a drop in shares of HSBC on a... Published 22 Feb, 2024 06:55am
Business & Finance HSBC full-year profit jumps 78%, trailing estimate HONG KONG/LONDON: HSBC Holdings reported a 78% jump in full-year profit, a record high gain on high interest rates,... Published 21 Feb, 2024 10:29am
Business & Finance KSA to hire Goldman, Citi, HSBC for Aramco share sale RIYADH: Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary... Updated 09 Feb, 2024 09:42am
World India’s January services growth at six-month high on robust demand BENGALURU: India’s dominant services sector expanded at the fastest pace in six months in January on robust demand,... Published 05 Feb, 2024 11:13am
Business & Finance HSBC fined 57 million pounds for ‘serious’ deposit protection failures LONDON: The Bank of England said on Tuesday it had fined HSBC 57.4 million pounds ($73 million) for “serious... Published 30 Jan, 2024 01:05pm
Markets European shares slide more than 1pc on hawkish ECB remarks PARIS: European shares declined on Wednesday as more hawkish remarks from European Central Bank (ECB) officials... Published 18 Jan, 2024 05:54am
Business & Finance China 2023 economic growth tipped to be weakest in decades BEIJING: China’s economy likely grew at its weakest annual rate for more than three decades in 2023, data is... Published 15 Jan, 2024 12:03pm
Business & Finance Vietnam 2024 economic growth seen at 6.0%: HSBC HANOI: Vietnam’s economic growth is forecast to accelerate to 6.0% this year, from 5.05% last year, HSBC said on... Published 09 Jan, 2024 12:59pm
Business & Finance South Korea seeks fines on HSBC, BNP for naked short selling South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on... Published 21 Dec, 2023 10:22am
Business & Finance China’s yuan eases SHANGHAI: China’s yuan eased against the dollar on Monday as weak economic fundamentals dragged on sentiment,... Published 19 Dec, 2023 05:20am
Business & Finance HSBC apologises as thousands of UK customers locked out of digital banking LONDON: Thousands of HSBC customers in Britain on Friday reported they were unable to access some mobile and online... Published 27 Nov, 2023 06:13am
Markets FTSE 100 logs first gain in four as energy stocks advance LONDON: The UK’s FTSE 100 closed higher on Thursday as energy stocks gained, while investors parsed more economic... Published 24 Nov, 2023 05:29am
Markets HSBC profit misses estimates on costs, to buy back $3bn of shares HONG KONG/LONDON: HSBC Holdings reported on Monday a 240% increase in third-quarter pre-tax profit as higher... Published 30 Oct, 2023 11:21am
Markets India’s blue-chips log worst losing streak in nearly eight months BENGALURU: Indian shares posted their longest daily losing run in nearly eight months on Wednesday as worries over... Published 26 Oct, 2023 06:08am
Business & Finance Dollar gains against euro in flight to safety on Israel-Palestinian fighting NEW YORK/LONDON: The safe-haven dollar rose on Monday against the euro and sterling as military clashes between... Published 10 Oct, 2023 06:19am
Markets Citigroup to sell China consumer wealth business to HSBC Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets... Published 09 Oct, 2023 10:38am
Markets Abu Dhabi’s oil champion ADNOC bets on global expansion DUBAI: The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of... Published 09 Oct, 2023 10:06am
