Three commissioners assume charge at SECP ISLAMABAD: The three new commissioners appointed by the federal government have assumed charge of their... Published 15 Dec, 2022 06:00am
Business & Finance HSBC bank says to stop funding new oil and gas fields LONDON: Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed... Published 14 Dec, 2022 06:54pm
Business & Finance HSBC eyes New Zealand sale, axes UK branches as empire shrinks LONDON: HSBC announced on Wednesday a possible sale of its New Zealand business and plans to close 114 branches in... Published 01 Dec, 2022 06:53am
Business & Finance HSBC bank sells Canadian ops for over US$10bn LONDON: HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion, the Asia-focused... Published 30 Nov, 2022 05:53am
Business & Finance HSBC bank sells Canadian ops for over US$10bn LONDON: HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion, the Asia-focused... Published 29 Nov, 2022 06:26pm
World Dubai Islamic Bank sells $750mn in debut sustainable sukuk DUBAI: Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document... Published 22 Nov, 2022 06:43pm
Business & Finance HSBC profits slide on bank impairment charges LONDON: Global bank giant HSBC on Tuesday announced tumbling profits for the third quarter on impairment charges... Published 25 Oct, 2022 05:19pm
Business & Finance HSBC mulls sale of Canada unit LONDON: HSBC is mulling the sale of its Canadian business, the Asia-focused bank said Tuesday. “We are currently... Published 04 Oct, 2022 05:52pm
Business & Finance Dubai’s MAF puts district cooling assets sale on hold DUBAI: Middle East shopping mall developer Majid Al Futtaim (MAF) has decided to put on hold plans to divest its... Published 03 Oct, 2022 07:29am
Business & Finance Indian rupee marks biggest gain in one year MUMBAI: The Indian rupee notched its biggest one-day gain in a year on Tuesday against a wobbly dollar as local... Published 31 Aug, 2022 05:50am
Markets Growth fears drag on FTSE 100 LONDON: Commodity and financial stocks dragged the UK’s FTSE 100 lower on Wednesday on worries about a slowdown in... Published 25 Aug, 2022 06:08am
Opinion China regulator launches new probe into banks’ property loan exposure China’s banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess... Published 22 Aug, 2022 06:33am
Markets HSBC earnings beat expectations, increases key profitability goal SINGAPORE: HSBC reported a 15% dip in first-half profit as credit loss provisions rose, but the fall was not as bad... Published 01 Aug, 2022 10:03am
Business & Finance HSBC agrees deal to sell Russian unit to Expobank LONDON: HSBC has agreed to sell its Russia business to Expobank, signing a deal shortly before Moscow said it would... Published 22 Jul, 2022 06:07am
Business & Finance HSBC to re-launch India private banking business within a year MUMBAI: HSBC Holdings PLC plans to re-launch its India private banking business within a year, its India CEO told... Published 30 Jun, 2022 07:43pm
Markets UK shares climb on boost from financial stocks, strong results LONDON: London’s main indexes rose on Wednesday as financial stocks gained and strong results from companies... Published 16 Jun, 2022 06:03am
Markets London stocks steady after five straight days of losses UK shares steadied on Tuesday, with some positive impetus from financial stocks and several strong earnings updates,... Published 14 Jun, 2022 12:40pm
Business & Finance UK banks no longer ‘too big to fail’: BoE LONDON: Britain’s biggest banks are no longer “too big to fail” in any future financial shocks, with... Published 11 Jun, 2022 06:13am
World HSBC clients query bank on climate, one to review engagement HONG KONG/LONDON: HSBC is facing queries from customers about its commitment to fight climate change after a senior... Published 31 May, 2022 05:11am
Opinion HSBC clients query bank on climate, one to review engagement HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed... Published 29 May, 2022 05:50am
Business & Finance UK banks face financial hit over climate inaction LONDON: UK banks and insurers face big hits to profits unless they take immediate action over their exposure to... Published 25 May, 2022 04:40am
Markets Abu Dhabi’s Borouge to sell 10% of its shares in IPO and list on ADX DUBAI: Abu Dhabi National Oil Company (ADNOC) and its Austrian chemicals partner Borealis plan an initial public... Published 18 May, 2022 02:41pm
Business & Finance Dollar slips from 2-decade highs; yuan falls NEW YORK: The US dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy... Published 17 May, 2022 05:39am
Business & Finance HSBC profits slide LONDON: HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad ... Published 02 May, 2022 06:53am
Markets FTSE 100 rises on gains in miners, strong earnings; Aveva slumps LONDON: London’s FTSE 100 edged up on Wednesday, driven by gains in miners and strong corporate updates, although ... Published 28 Apr, 2022 05:37am
Markets FTSE 100 snaps 3-day losing streak LONDON: London’s FTSE 100 inched higher on Tuesday after a three-day sell off, as resource and defensive stocks... Published 27 Apr, 2022 05:19am
Markets European stocks slide with eyes on US tech earnings LONDON: European shares extended losses for a third session on Tuesday, giving up earlier gains as technology stocks... Published 27 Apr, 2022 05:19am
Markets FTSE 100 drops 2pc LONDON: Commodity stocks and banks led a near 2% drop in London’s FTSE 100 on Monday as fears of a global economic... Published 26 Apr, 2022 05:20am
Opinion Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the... Published 24 Apr, 2022 05:36am
Technology Cryptoverse: NFT bubble gets that shrinking feeling Around 635,000 people bought an NFT last month, for $427 on average, according to market tracker CryptoSlam Updated 05 Apr, 2022 01:31pm