Trends - HSBC - Business Recorder

HSBC

HSBC relocates London bosses to Hong Kong in Asia push

LONDON: London-headquartered HSBC bank is relocating four senior executives to Hong Kong as it seeks to extend its...

Updated 16 Apr, 2021 09:54am

Swiss money laundering probe eyes Lebanon central bank chief: report

GENEVA: From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of...

Updated 14 Apr, 2021 10:11am

Markets

Dubai Islamic Bank gives price guidance for AT1 sukuk

The Islamic bonds will be non-callable for six years.

Published 13 Apr, 2021 01:11pm

Business & Finance

HSBC bans buying bitcoin-backer MicroStrategy shares

LONDON: HSBC has banned customers of its online share-trading platform from buying or moving into their accounts...

Updated 13 Apr, 2021 09:29am

Business & Finance

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

While HSBC will allow the holding, sale and outgoing transfer of MicroStrategy shares, it will forbid new purchases or incoming transfers, said the message dated March 29.

Updated 13 Apr, 2021 12:09am

Business & Finance

HSBC moves more than 1,200 UK staff to permanent home working

Call centre staff opting for permanent home working.
Union supportive, but warns of risks to wellbeing.
Banks slashing office space to cut costs post-pandemic.

Published 07 Apr, 2021 06:47pm

Markets

Gold surges in Europe

ROTTERDAM/LONDON: Gold rose over 1% on Thursday on a retreat in the dollar and US bond yields, while grim jobless...

Published 02 Apr, 2021 04:58am

Markets

US MIDDAY: Gold rises

NEW YORK: Gold rose over 1% on Thursday buoyed by a retreat in the dollar and US bond yields, while grim US jobless...

Published 02 Apr, 2021 04:58am

Markets

FTSE 100 ends flat

LONDON: London’s FTSE 100 ended flat on Monday, as weakness in banks and consumer discretionary stocks outweighed...

Published 30 Mar, 2021 05:45am

Markets

FTSE 100 falls

LONDON: British shares inched lower on Wednesday as a jump in COVID-19 cases across Europe stoked worries about its...

Published 25 Mar, 2021 05:08am

Markets

European shares edge higher as autos lead gains, Turkey-exposed banks fall

The pan-European STOXX 600 rose 0.2pc, reversing declines from earlier in the session, with automobile stocks rising for a fifth day in the past six sessions.

Updated 23 Mar, 2021 05:11pm

Markets

European shares slip; BMW jumps

MILAN/ROTTERDAM: European stocks ticked lower on Wednesday as most investors stayed on the sidelines ahead of the US...

Published 18 Mar, 2021 03:56am

Business & Finance

HSBC in talks to sell French retail banking to Cerberus

The planned disposal is part of HSBC Chief Executive Noel Quinn's strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining bidders.
Any sale could involve a token price, with HSBC having to plough in some 500 million euros ($595 million) to finance the necessary restructuring, Reuters previously reported.

Published 17 Mar, 2021 08:19pm

Canada judge rejects new request in Huawei extradition case

VANCOUVER: A Canadian judge has rejected a request from Huawei's chief financial officer Meng Wanzhou, who wanted...

Published 15 Mar, 2021 05:22am

Markets

HSBC toughens stance on fossil fuel funding after shareholder heat

HSBC will report on its progress annually, it said on Thursday, starting this year.

Published 11 Mar, 2021 12:13pm

Markets

Bank Muscat sells $500mn in 5-year bonds

It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed.

Published 11 Mar, 2021 12:06pm

Technology

Huawei confirms exec seeking HSBC records in Hong Kong court

Beijing and Hong Kong authorities are also drawing up broad plans to ensure all politicians and public officials are "staunch patriots", including within the judiciary.

Updated 11 Mar, 2021 05:23pm

Markets

FTSE rises as bank, energy stocks shine

LONDON: British shares rose on Monday, boosted by gains in bank and energy stocks tracking higher commodity prices,...

Published 09 Mar, 2021 05:45am

Markets

Gold holds near 9-month low in Europe

MILAN/LONDON: Gold fell to its lowest in nine months on Friday after better-than-expected US employment data...

Published 06 Mar, 2021 05:01am

Markets

UK shares up ahead of budget

LONDON: British shares rose on Wednesday, buoyed by gains in commodity and banking stocks, while investors awaited...

Published 04 Mar, 2021 04:58am

Business & Finance

Emirate of Sharjah expected to raise around $1bn via bonds

It tightened guidance to between 3.625% and 3.75% for the 12-year notes and 4.75% to 4.875% for the 30-year tranche, the document showed.
Initial price guidance was around 3.875% for the 12-year bonds and between 4.875% and 5% for the 30-year paper.

Published 03 Mar, 2021 07:40pm

Technology

Huawei CFO's lawyer disputes what HSBC knew as US extradition case resumes

Meng's arrest caused tensions between Beijing and Ottawa, and soon afterward, China detained two Canadians, who continue to have limited access to legal counsel or diplomatic officials.

Published 02 Mar, 2021 10:16am

Business & Finance

Reliance partners with Google, Facebook for digital payment network bid

NEW DELHI: India's conglomerate Reliance Industries has partnered with Facebook Inc, Google and fintech player...

Published 28 Feb, 2021 04:55am

Markets

Lloyds profits fall as it targets wealth push

Horta-Osório is leaving Lloyds after a decade running the bank to stand for election as chairman of Credit Suisse in April, with HSBC executive Charlie Nunn set to replace him on August 16.

Published 24 Feb, 2021 12:10pm

Markets

European shares fall

ROTTERDAM: European shares reversed early gains to trade lower on Tuesday as mixed corporate earnings updates...

Published 24 Feb, 2021 05:24am

Markets

FTSE 100 flat in early trade

LONDON: London’s FTSE 100 was subdued on Tuesday as a sharp rise in the unemployment rate to 2016-highs...

Published 24 Feb, 2021 05:24am

Business & Finance

HSBC ramps up Asia pivot as pandemic hammers profits

HONG KONG: HSBC on Tuesday vowed to accelerate its Asia pivot despite spiralling tensions between China and the West...

Updated 24 Feb, 2021 09:39am

Markets

HSBC reports profits fell 30% to $6.1bn in 2020

Reported profit after tax came in at $6.1 billion which the bank blamed primarily on higher-than-expected credit losses and other bad debts sparked by the currrent economic crises.

Published 23 Feb, 2021 09:36am

Business & Finance

HSBC to announce exit from US retail banking, reshuffles top jobs

HSBC to sell or close US branch network –source.
CEO Quinn reshuffles top jobs.
Bank to announce latest strategy on Tuesday.

Published 22 Feb, 2021 07:01pm

Markets

Qatar's Commercial Bank hires banks for AT1 bonds

An unrated benchmark issuance may follow, subject to market conditions.

Published 22 Feb, 2021 11:53am

Gainers
Losers
Leaders

Stock	Price
Pak Gulf Leas. / Apr 19 Pak-Gulf Leasing Company Limited(PGLC)	9.34 ▲ 0.99 (11.86%)
Allied Rental Mod / Apr 19 Allied Rental Modaraba(ARM)	8.70 ▲ 0.91 (11.68%)
Sana Ind. (R) / Apr 19 Sana Industries (R)(SNAIR)	10.01 ▲ 1.00 (11.10%)
SILKBANK / Apr 19 Silkbank Limited(SILK)	1.40 ▲ 0.13 (10.24%)
Service Fab. / Apr 19 Service Fabrics Limited(SERF)	11.35 ▲ 1.00 (9.66%)
Worldcall / Apr 19 Worldcall Telecom Limited(WTL)	1.69 ▲ 0.13 (8.33%)
Crescent Fib. / Apr 19 Crescent Fibres Limited(CFL)	55.05 ▲ 3.84 (7.50%)
Din Tex. / Apr 19 Din Textile Mills Limited(DINT)	49.46 ▲ 3.45 (7.50%)
Landmark Sp. / Apr 19 Landmark Spinning Industries Limited(LMSM)	21.50 ▲ 1.50 (7.50%)
Mithchells / Apr 19 Mitchells Fruit Farms Limited(MFFL)	306.37 ▲ 21.37 (7.50%)

Stock	Price
First Equity Mod. / Apr 19 First Equity Modaraba(FEM)	3.26 ▲ -0.92 (-22.01%)
Pak. P.V.C. / Apr 19 Pakistan PVC Limited(PPVC)	3.41 ▲ -0.54 (-13.67%)
Flying Cement (R) / Apr 19 Flying Cement Company (R)(FLYNGR)	2.40 ▲ -0.32 (-11.76%)
Quetta Textile / Apr 19 Quetta Textile Mills Limited(QUET)	8.51 ▲ -0.94 (-9.95%)
First Punjab Mod. / Apr 19 First Punjab Modaraba(FPJM)	2.60 ▲ -0.28 (-9.72%)
Shaheen Ins. / Apr 19 Shaheen Insurance Company Limited(SHNI)	3.80 ▲ -0.33 (-7.99%)
Kohinoor Ind. / Apr 19 Kohinoor Industries Limited(KOIL)	7.61 ▲ -0.63 (-7.65%)
Emco Ind. / Apr 19 Emco Industries Limited(EMCO)	29.60 ▲ -2.40 (-7.50%)
Gatron Ind. / Apr 19 Gatron (Industries) Limited(GATI)	440.30 ▲ -35.70 (-7.50%)
Netsol Tech. / Apr 19 NetSol Technologies Limited(NETSOL)	161.82 ▲ -13.11 (-7.49%)

Stock	Volume
Worldcall / Apr 19 Worldcall Telecom Limited(WTL)	100,836,000 ▼ 0.00
Byco Petr. / Apr 19 Byco Petroleum Pakistan Limited(BYCO)	24,233,500 ▼ 0.00
TRG Pak. / Apr 19 TRG Pakistan Limited(TRG)	22,706,118 ▼ 0.00
Ghani Global Hold. / Apr 19 Ghani Global Holdings Limited(GGL)	22,186,500 ▼ 0.00
Telecard / Apr 19 Telecard Limited(TELE)	16,509,000 ▼ 0.00
Unity Foods / Apr 19 Unity Foods Limited(UNITY)	13,214,944 ▼ 0.00
SILKBANK / Apr 19 Silkbank Limited(SILK)	12,077,000 ▼ 0.00
Bal. Glass / Apr 19 Balochistan Glass Limited(BGL)	11,394,500 ▼ 0.00
Pakistan Refinery / Apr 19 Pakistan Refinery Limited(PRL)	7,176,500 ▼ 0.00
K-Electric Ltd / Apr 19 K-Electric Limited(KEL)	6,546,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	152.80
USD PKR Interbank Buying / Apr 16	152.70
USD to Japanese Yen / Apr 16	108.80
USD to Swiss Franc / Apr 16	0.92
Pound Sterling to USD / Apr 16	1.38
Euro to USD / Apr 16	1.20
UK LIBOR % / Apr 16	0.07

Stock	Volume
S&P 500 / Apr 16	4185.47
India Sensex / Apr 16	48832.03
Tokyo Nikkei / Apr 16	29683.37
Nasdaq / Apr 16	14052.34
Hang Seng / Apr 16	28969.71
FTSE 100 / Apr 16	7019.53
Dow Jones / Apr 16	34200.67
Germany DAX 30 / Apr 16	15459.75
France CAC40 / Apr 16	6287.07

Item	Value
Crude Oil / Apr 16	63.13
Karachi Cotton Assoc. / Apr 16	10800.00
Gold 10 Grams / Apr 16	94564.00
Gold Spot / Apr 16	1780.20
Cotton / Apr 16	85.03

HSBC

HSBC relocates London bosses to Hong Kong in Asia push

Swiss money laundering probe eyes Lebanon central bank chief: report

Dubai Islamic Bank gives price guidance for AT1 sukuk

HSBC bans buying bitcoin-backer MicroStrategy shares

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

HSBC moves more than 1,200 UK staff to permanent home working

Gold surges in Europe

US MIDDAY: Gold rises

FTSE 100 ends flat

FTSE 100 falls

European shares edge higher as autos lead gains, Turkey-exposed banks fall

European shares slip; BMW jumps

HSBC in talks to sell French retail banking to Cerberus

Canada judge rejects new request in Huawei extradition case

HSBC toughens stance on fossil fuel funding after shareholder heat

Bank Muscat sells $500mn in 5-year bonds

Huawei confirms exec seeking HSBC records in Hong Kong court

FTSE rises as bank, energy stocks shine

Gold holds near 9-month low in Europe

UK shares up ahead of budget

Emirate of Sharjah expected to raise around $1bn via bonds

Huawei CFO's lawyer disputes what HSBC knew as US extradition case resumes

Reliance partners with Google, Facebook for digital payment network bid

Lloyds profits fall as it targets wealth push

European shares fall

FTSE 100 flat in early trade

HSBC ramps up Asia pivot as pandemic hammers profits

HSBC reports profits fell 30% to $6.1bn in 2020

HSBC to announce exit from US retail banking, reshuffles top jobs

Qatar's Commercial Bank hires banks for AT1 bonds

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