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HSBC

Huawei exec due back in Canada court over US extradition request

VANCOUVER: The chief financial officer of Chinese tech giant Huawei will be back in a Canadian court on Wednesday ...

Published 04 Aug, 2021 04:14am

Markets

M&A rush, earnings power European stocks to new highs

LONDON: European stocks scaled fresh peaks on Monday, driven by dealmaking activity and strong results from...

Published 03 Aug, 2021 04:35am

Business & Finance

HSBC first-half profits more than double, resumes dividends

HONG KONG: HSBC on Monday said it would resume paying dividends to shareholders after first-half profits more than...

Published 03 Aug, 2021 04:35am

Business & Finance

Britain carves out exemption for gold clearing banks from Basel III rule

LONDON: Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January...

Published 11 Jul, 2021 04:01am

World

Investors say banks must toughen climate policies or face AGM rebellion

LONDON: Investors managing $4.2 trillion on Wednesday called on some of the world’s biggest banks to toughen their...

Published 08 Jul, 2021 04:22am

Markets

Emirate of Sharjah gives initial guidance for 10-year dollar sukuk

HSBC is coordinating the deal, which is expected to launch later on Tuesday

Published 06 Jul, 2021 11:54am

Technology

Huawei CFO says HSBC emails disprove basis for US extradition claim

The evidence shows the US argument is "so defective as to compel the courts to place no reliance on them," Mark Sandler, defense lawyer for Meng, told the court.

Published 30 Jun, 2021 11:39am

Markets

Abu Dhabi bourse outperforms, led by gains in IHC

• Telecom firm Ooredoo fined 3.5m riyals for violation

Published 28 Jun, 2021 04:38am

Business & Finance

HSBC commits $5bn in corporate lending to help UAE growth

"Our US$5 billion commitment, between now and 2023, will support plans that strong companies have to enter new trade markets, re-engineer their supply chains, to innovate - and to play an active part in helping shape the nation's future growth story," HSBC.

Published 27 Jun, 2021 03:03pm

Markets

European stocks down

AMSTERDAM/LONDON: European stocks remained below record highs on Wednesday as inflation worries overshadowed data...

Published 24 Jun, 2021 03:36am

Markets

British shares lower

LONDON: British shares ended lower on Thursday after broadly underperforming their European peers, dragged down by...

Published 10 Jun, 2021 03:22am

Markets

Bank of England launches climate stress test for banks and insurers

Protesters have urged banks like HSBC and Barclays to stop financing fossil fuels.

Published 08 Jun, 2021 03:45pm

Markets

Banks and homebuilders lift FTSE 100

LONDON: London’s FTSE 100 index climbed on Monday, helped by gains in banking and homebuilders, while office space...

Published 08 Jun, 2021 04:09am

Markets

Banks drag FTSE 100 down; airline shares lower on travel restrictions

British airways owner IAG lost 0.9pc after Britain removed Portugal from its quarantine-free travel list and added seven more countries to its red list.

Published 04 Jun, 2021 10:51pm

Markets

Energy, bank stocks boost FTSE 100; Bloomsbury jumps

LONDON: London’s FTSE 100 index climbed on Wednesday, helped by gains in heavyweight energy and banking stocks,...

Published 03 Jun, 2021 04:13am

Business & Finance

HSBC to exit US retail banking sector

SAN FRANCISCO: HSBC announced Wednesday that it is exiting the retail and small business banking market in the ...

Published 31 May, 2021 03:12am

Markets

European shares at record high on gains in financials, U.S. spending plan

The pan-European STOXX 600 index rose 0.6pc to a record high of 448.98 points and added 1pc this week.

Published 28 May, 2021 11:43pm

Markets

FTSE 100 flat as losses in miners, energy stocks offset gains in banks

The blue-chip FTSE 100 index was falt with banks and life insurers adding 0.6pc and 0.1pc, respectively. HSBC Holdings and Prudential provided the biggest boost.

Updated 28 May, 2021 11:43pm

Markets

HSBC to exit US retail banking sector

HSBC had announced earlier this year that it intended to restructure its US retail and small business operations.

Published 27 May, 2021 10:57am

Business & Finance

Abu Dhabi sells $2bn in bonds

DUBAI: Abu Dhabi sold $2 billion in seven-year bonds on Tuesday in its first foray into the international debt...

Published 26 May, 2021 03:45am

Markets

Abu Dhabi sets initial price guidance for 7-year dollar bonds

Citi, First Abu Dhabi Bank, HSBC, JPMorgan and Standard Chartered are joint lead managers and joint bookrunners

Published 25 May, 2021 12:22pm

Business & Finance

EXCLUSIVE HSBC CEO says Bitcoin not for us

"For similar reasons we're not rushing into stablecoins," he said, referring to digital currencies such as Tether that seek to avoid the volatility typically associated with cryptocurrencies by pegging their value to assets such as the U.S. dollar.

Published 24 May, 2021 08:40pm

Markets

China’s taming of hot commodities may be fleeting

BEIJING/SHANGHAI/HANOI: China’s recent measures aimed at cooling red hot industrial commodities prices will likely...

Published 21 May, 2021 05:04am

Markets

Emirates NBD hires banks for AT1 dollar bonds

Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, HSBC, NCB Capital and Standard Chartered will arrange fixed-income investor calls starting on Tuesday.

Published 18 May, 2021 12:33pm

Markets

Banks, industrial stocks drag FTSE down

LONDON: London’s FTSE 100 edged lower on Monday, dragged by banks and industrial stocks, while shares of Diploma...

Published 18 May, 2021 05:05am

Business & Finance

HSBC under fire over health impact of coal investments

LONDON: Bank giant HSBC risks dangerous health fallout from investments in companies who plan to build new coal ...

Published 13 May, 2021 03:10am

Markets

UK stocks fall as bank stocks weigh

LONDON: British shares were subdued on Tuesday as a drop in bond yields across Europe dragged financials stocks ...

Published 05 May, 2021 04:01am

Business & Finance

Barclays posts soaring profits

LONDON: British bank Barclays on Friday announced soaring profits in the first quarter as it slashed bad debt...

Published 01 May, 2021 03:28am

Markets

European shares dip

AMSTERDAM/LONDON: European stocks ended lower on Thursday, even as bank shares hit 14-month highs on strong ...

Published 30 Apr, 2021 05:06am

Business & Finance

HSBC profits more than doubled

HONG KONG: HSBC bank on Tuesday said its first-quarter profits more than doubled, helped by a reversal in credit...

Updated 28 Apr, 2021 10:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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