BOE’s Bailey Likely to Vote to Hold Rates in November, HSBC Says
(Bloomberg) --Bank of England Governor Andrew Bailey’s flurry of hawkish comments in recent weeks won’t translate into a vote for higher interest rates next week, according to HSBC...
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HSBC News & Analysis
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HSBC Profits Surge By 74% As Economy Recovers From Pandemic
While results beat City forecasts, the bank announced a share buyback program. In the third quarter, HSBC’s profits rose by around 74% as improving economic conditions allowed the bank to...
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Evergrande Doesn't Cloud HSBC's Sunny Forecast
The bank’s $2 billion buyback shows its confidence that it will capture Asian growth and be insulated from any Evergrande default and wider real estate fallout.
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London Markets: HSBC leads banks higher, with resource companies also climbing in London
Surging oil prices were keeping London stocks in the black on Monday, along with well-received results from HSBC.
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HSBC Earnings, Revenue beat In Q3
Investing.com - HSBC reported on Monday third quarter {{erl-280||earnings that beat analysts' forecasts and revenue that topped expectations. HSBC announced earnings per share of $0.1234...
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HSBC Holdings pre-tax profit jumps 76%; plans $2B share buyback
HSBC Holdings (HSBC): Q3 GAAP EPS of $0.17.Revenue of $12.01B (+0.7% Y/Y); Adjusted Revenue of $B.Press ReleaseAdjusted PBT of $5.9B vs
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HSBC net profit more than doubles, announces buybacks of up to $2 billion
HSBC net profit more than doubles, announces buybacks of up to $2 billion
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Asia-Pacific stocks mixed amid China worries; HSBC earnings beat expectations
Japan 0.90%. China +0.38%. Shares of embattled developer China Evergrande Group jumped around 4% after the firm announced it had resumed work on more than 10 projects, according...
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HSBC Says It Will Buy Back $2 Billion in Stock as Profit Jumps
London-based bank, which makes most of its profit in Hong Kong and mainland China, earned $3.54 billion in the three months to the end of September, up from $1.36 billion in the same period...
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HSBC is set to report third-quarter earnings today. Here's what to expect
Reported pre-tax profit for the third quarter is forecast to jump 22.8% on year to $3.776 billion, according to analyst estimates compiled by HSBC.
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Krispy Kreme slips after HSBC turns cautious on near-term setup
HSBC lowers its rating on Krispy Kreme (DNUT) to Hold from Buy as it warns on a lack of upside drivers. Read more.
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HSBC and 18 other banks can now sell wealth investment products in the Greater Bay Area
The Cross-boundary Wealth Management Connect Scheme is an initiative to link the capital markets of the Greater Bay Area, including Hong Kong and the Guangdong.
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Kraton increases energy surcharge 250€/MT for HSBC products produced in Europe
Kraton (KRA) increases energy surcharge of 250€/MT for all HSBC products produced in Europe effective November 1, 2021This action is driven by the recent and unprecedented price...
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London Markets: Community college enrollment slump sends Pearson shares skidding
Pearson shares were suffering their worst one-day performance in nearly two years as the publisher reported declining revenue from its higher education unit.
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HSBC recruits Jessica Lehmann as head of U.S. debt syndicate - Bloomberg
HSBC Holdings (HSBC) hires Jessica Lehmann as a managing director and head of U.S
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BOE Officials Double Down on Signals of an Imminent Rate Hike
(Bloomberg) -- Two Bank of England officials moved to reinforce signals of an imminent rise in U.K. interest rates to curb inflation, with one telling households to brace for a...
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Indian Central Bank May Signal Stimulus Pullback: Decision Guide
(Bloomberg) -- India’s central bank is poised to leave its key interest rate unchanged for an eight straight meeting to support economic growth, while likely signaling readiness to unwind...
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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 1.18%
Investing.com – U.K. equities were lower at the close on Wednesday, as losses in the Automobiles & Parts, General Retailers and Travel & Leisure sectors propelled shares lower. At the close...
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London Markets: Yield on U.K. inflation-linked bonds reaches more than decade high as natural-gas futures surge
The yield on the 10-year breakeven in the U.K. rose to the highest level since 2008 as energy costs spiral higher.
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Biggest U.S. Banks Expand Trading Dominance Over European Rivals
(Bloomberg) -- As the coronavirus helps the big get bigger across industries and regions, a trio of U.S. banking powerhouses is seizing market share from European rivals in trading revenue. ...
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HSBC launches sustainable finance product suite in Canada
HSBC Bank Canada, a subsidiary of HSBC Holdings (HSBC) has launched five new sustainable finance tools for commercial and global banking clients : Green Deposits, Green Trade...
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Huawei CFO leaves Canada nearly 3 years after arrest
Almost three years after she was arrested at a Vancouver airport, Huawei Technologies Co. Chief Financial Officer Meng Wanzhou left Canada on a flight to China on Friday afternoon, according...
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Bankers Hurry to Reassure Market About Their Evergrande Exposure
(Bloomberg) -- European bankers have spent the past few days reassuring investors, clients and regulators about any fallout from China Evergrande Group as questions swirl about the world’s...
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: Citizens is shedding ‘Bank’ from its name as it stretches beyond its regional roots for a national presence
CEO Bruce Van Saun says the company's recent string of acquisitions will bulk up its commercial and retail arms as a more diversified financial services company with a stripped-down...
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HSBC CEO Supports CBDC Development, While Being Skeptical About Cryptos and Stablecoins
The CEO of HSBC, a British investment bank and one of Europe’s largest banks, Noel Quinn, has shown support for the development of central bank digital currencies (CBDC) while maintaining a...
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China Banks Downplay Risks After Evergrande Missed Loan Payments
(Bloomberg) -- A number of China’s publicly-traded banks rushed to assuage investors who are concerned about risks from the deepening crisis at China Evergrande Group.At least seven banks,...
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HSBC chief executive comments on bank’s support of CBDCs
UK bank HSBC revealed in an insight article that they are working in collaboration with a number of central banks on the discussion and development of central bank digital currencies...
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Europe Markets: European stocks climb in second day bounce with banks and miners in the lead
Euroepan stocks shifted higher on Wednesday as investors waited for a Federal Reserve outcome and absorbed potententially positive news around indebted China Evergrande.
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London Markets: Entain shares surge for second day on increased DraftKings offer for MGM partner
Entain shares surge for a second day on Wednesday on the London stock market as the sports-betting company disclosed that DraftKings increased its offer.
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The Tell: Why Evergrande has suddenly exploded into a potential global financial market crisis
Evergrande is the non-COVID and non-inflation event rattling stock markets around the world.
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Investor group sets tough climate blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas...
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London Markets: HSBC gets upgraded by two brokers, but London stocks slip
The FTSE 100 slipped 0.1% to 7,021.55 in midday trade.
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Financial News: Wall Street banks seeing surge of applicants as pay rises
The world’s largest investment banks have seen a surge in applications from younger candidates, showing the enduring popularity of the sector despite its brutal, long-hours culture.
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European banks book $24 billion in tax havens every year, report says
Europe's biggest banks are booking an average of 20 billion euros ($23.7 billion) in tax havens every year, according to a new report.
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Barclays keeps unvaccinated people at bay, HSBC seeks to adopt permanent hybrid work
To join the wagon, Barclays (BCS) is the latest bank in U.S. to keep unvaccinated staff at home for the time being
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London Markets: Oil and banks weigh on FTSE 100, which heads for a solid August gain
On the last trading day of the month, London's main index was being dragged by losses for banks and energy giants.
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PetroChina downgraded by HSBC to Hold from Buy
PetroChina was downgraded by HSBC to Hold from Buy with a price target of HK$3.27, down from HK$3.38 noting that pandemic travel restrictions may restrain the company's...
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Europe Markets: European markets drift lower, as healthcare stocks retreat
European stocks slipped on Tuesday as health care stocks fell.
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Mosaic, CF upped at HSBC as supply disruptions support higher fertilizer prices
Mosaic and CF Industries rank among today's strongest S&P 500 performers after HSBC upgrades both fertilizer firms to Buy from Hold with respective $39 and $59.50...
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JPMorgan Moves Up U.K. Rate Hike Forecast After Strong Jobs Data
(Bloomberg) -- JPMorgan Chase & Co. (NYSE:JPM) brought forward its forecast for when the Bank of England may raise interest rates, saying the strength of the U.K. labor market makes a move...
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HSBC Holdings to Snap up Axa Singapore for $575 million – Report
HSBC Holdings (HSBC) has agreed to acquire the Singapore assets of AXA for $575 million as it expands its wealth management business footprint across Asia, according to a Reuters...
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HSBC Insurance Holdings acquire AXA Insurance Singapore for $575M
To become a leading wealth manager in Asia, HSBC Insurance (Asia-Pacific) Holdings Ltd, an indirect wholly-owned subsidiary of HSBC Holdings (HSBC) to acquire AXA Insurance Pte...
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London Markets: U.K. stocks rise as Flutter Entertainment surges on upbeat results, while InterContinental Hotels slips
London stocks rose modestly on Tuesday, with betting group Flutter Entertainment sprinting ahead with gains.
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