UK’s FTSE 100 falls as weak China data hurts miners LONDON: The UK’s FTSE 100 fell on Tuesday as mining firms dipped after China’s manufacturing activity contracted... Published 02 Aug, 2023 06:47am
Markets HSBC says first-half pre-tax profits soared to $21.7bn HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first... Published 01 Aug, 2023 11:01am
Business & Finance HSBC chases wealthy clients in India with private bank launch LONDON: HSBC said on Tuesday it would target business with India’s wealthy as it launched its global private... Published 10 Jul, 2023 06:52am
Business & Finance HSBC eyes leading role in banking for VCs, startups after hiring wave NEW YORK: HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after... Published 19 Jun, 2023 06:54am
Markets HSBC to close New Zealand wealth and personal banking business HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on Tuesday, as... Published 13 Jun, 2023 09:36am
Business & Finance HSBC to rename British arm of Silicon Valley Bank next month BENGALURU: HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation... Published 05 Jun, 2023 03:27am
Markets Oil steadies as U.S debt bill progress balanced by higher inventories LONDON: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on... Updated 01 Jun, 2023 03:17pm
Business & Finance Asia-focused HSBC puts 12 countries on exit watchlist LONDON: HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen... Published 29 May, 2023 04:27am
Markets India’s note withdrawal to improve liquidity, ease short-term rates MUMBAI: The Indian central bank’s decision to withdraw its highest denomination currency note from circulation is... Published 22 May, 2023 09:52am
Markets Offshore yuan weakens past key 7 per dollar as China’s recovery sputters SHANGHAI/SINGAPORE: The offshore yuan weakened past 7 per dollar on Wednesday for the first time in five months amid... Published 17 May, 2023 12:14pm
Business & Finance HSBC, Scotiabank hit with US penalties for recordkeeping violations WASHINGTON: US regulators hit units of Bank of Nova Scotia and HSBC Holdings with civil penalties for widespread... Published 15 May, 2023 06:41am
Business & Finance HSBC to pay $75 million in penalties to settle U.S. CFTC charges NEW YORK: Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading... Published 12 May, 2023 08:37pm
Markets European shares rise as energy firms, HSBC boost PARIS: European shares ended Friday on solid ground aided by a boost in shares of HSBC and from energy firms that... Published 08 May, 2023 06:40am
Business & Finance HSBC defeats proposal to split bank LONDON: HSBC on Friday comfortably defeated an activist proposal supported by its largest stakeholder, the Chinese... Published 08 May, 2023 06:40am
Business & Finance HSBC profit rockets on rising interest rates LONDON: Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates... Published 08 May, 2023 06:40am
Business & Finance HSBC defeats proposal to split bank LONDON: HSBC on Friday comfortably defeated an activist proposal supported by its largest stakeholder, the Chinese... Published 05 May, 2023 06:30pm
Markets HSBC faces shareholder vote on splitting bank LONDON: Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese... Published 05 May, 2023 10:49am
Markets HK shares edge higher as HSBC earnings beat HONG KONG: Hong Kong stocks were marginally up on Tuesday as HSBC soared after reporting a tripling in quarterly... Published 03 May, 2023 06:35am
Markets HSBC profit triples on higher rates, beats expectations HONG KONG: HSBC Holdings reported a 212% increase in quarterly profit on Tuesday, as it benefitted from rising... Published 02 May, 2023 10:28am
Markets China banking regulator discussed economy with HSBC CEO BEIJING: Guo Shuqing, chairman of China’s banking and insurance regulator, met with HSBC Group Chief Executive Noel... Published 24 Mar, 2023 10:25am
Markets European stocks log steepest one-day fall this year PARIS: European stocks logged their steepest one-day fall this year on Monday on continued drag from banking stocks... Published 14 Mar, 2023 03:18am
World UK finance minister says SVB rescue necessary to protect UK tech LONDON: Finance minister Jeremy Hunt said on Monday the rescue of SVB’s UK arm by HSBC was necessary to help protect... Published 13 Mar, 2023 03:30pm
Markets HSBC buys failed US bank SVB’s UK arm for £1 LONDON: The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue... Updated 13 Mar, 2023 02:13pm
Markets Global bank shares sink over US fears PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender... Published 10 Mar, 2023 03:31pm
Markets HSBC China says didn’t receive instructions from Chinese regulators to restrict outbound remittance SHANGHAI: HSBC China said on Tuesday it did not receive any instructions from Chinese regulators to restrict... Published 07 Mar, 2023 11:14am
Business & Finance HSBC shareholders demand AGM vote on Asia business spin-off HONG KONG /LONDON: HSBC’s most vocal minority investors are demanding a vote at the global lender’s 2023... Published 06 Mar, 2023 06:22am
Business & Finance HSBC embarks on KSA hiring spree LONDON: HSBC is hiring dealmakers as “fast as it can” in Saudi Arabia to capitalise on a wave of financing... Published 06 Feb, 2023 07:46am
Markets FTSE 100 in sight of record high as financial stocks gain LONDON: Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high... Published 17 Jan, 2023 06:02am
Business & Finance Global banks cut jobs as cost pressures mount LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking... Published 16 Jan, 2023 06:18am
Business & Finance China's 2022 growth seen as its lowest in 40 years BEIJING: China's economic growth for 2022 is expected to have been among its weakest in four decades after the twin... Published 15 Jan, 2023 11:59am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?