European Stocks Edge Higher; HSBC Earnings Help Mood
By Peter Nurse Investing.com - European stock markets edged higher Monday, helped by some strong corporate earnings, although the gains looked tenuous after weak German retail sales data...
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HSBC Earnings, Revenue beat In Q2
Investing.com - HSBC reported on Monday second quarter {{erl-280||earnings that beat analysts' forecasts and revenue that topped expectations. HSBC announced earnings per share of $0.41 on...
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European Stock Futures Lower; Asian PMI Data, German Retail Sales Weigh
By Peter Nurse Investing.com - European stock markets are expected to open lower Monday, handing back some of the previous session’s gains as data from Asia raised fresh doubts about the...
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HSBC rejects demerger of Asian business, citing huge risks
LONDON/SINGAPORE (Reuters) – HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in...
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HSBC Pledges to Restore Pre-Covid Dividends as Profit Jumps
The British lender’s profit rose 62% in the second quarter, as revenue was boosted by higher interest rates.
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HSBC H1 pretax profit falls 15%, increases equity goal
SINGAPORE (Reuters) – HSBC Holdings PLC reported a 15% drop in first-half profit as expected credit losses more than offset the impact from rising net interest income at Europe’s biggest...
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HSBC urged to appoint shareholder Ping An to its board
By Selena Li HONG KONG (Reuters) – A Hong Kong politician has urged HSBC spin off its Asia business and appoint representatives of Chinese insurer Ping An to its board, as the global...
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Hong Kong Raises Benchmark Interest Rate Following Fed Move
(Bloomberg) -- The Hong Kong Monetary Authority increased its base rate by 75 basis points to 2.75% on Thursday after the Federal Reserve raised interest rates. The HKMA moves in lockstep...
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HSBC to leave best lending rate in Hong Kong unchanged at 5%
HONG KONG (Reuters) – HSBC Holdings said on Thursday it would leave its best lending rate in Hong Kong unchanged at 5%, despite a rise in the base rate of the city’s central bank,...
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Worries Rise for India’s Economy as Rupee Falls Past 80 a Dollar
(Bloomberg) -- The Indian rupee’s decline to a lifetime low is adding to angst over imported inflation as well as an external deficit blowout, prompting analysts to draw parallels with the...
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Russian central bank has not received HSBC, Expobank deal requests – Nabiullina
(Reuters) – Russia’s central bank governor Elvira Nabiullina told a briefing on Friday that the bank had not received requests from HSBC and Expobank to approve a possible deal.
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Staff at HSBC's China Securities Arm Set Up Communist Unit
Under President Xi Jinping, the Communist Party is seeking more sway over private companies, including foreign ones.
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Exclusive-HSBC agrees deal to sell Russian unit to Expobank
By Lawrence White LONDON (Reuters) – HSBC has agreed to sell its Russia business to Expobank, signing a deal shortly before Moscow said it would move to block the sale of foreign banks’...
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HSBC confirms staff in China unit set up branch of China’s Communist Party
LONDON (Reuters) – HSBC Holdings Plc said employees had formed a branch of China’s Communist Party (CCP) within its securities brokerage unit in the country, following media reports on...
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HSBC promotes Shaw to Australian chief executive
HONG KONG (Reuters) – HSBC Holdings has appointed Antony Shaw to head up its Australian operations, according to a statement on Thursday.
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HSBC installs Communist party committee in China brokerage unit – FT
(Reuters) – HSBC Holdings Plc has established a Chinese Communist party committee (CCP) within its securities brokerage unit in the country, Financial Times reported on Thursday, citing...
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Exclusive-HSBC set to push back against Ping An breakup proposal – sources
By Sumeet Chatterjee and Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid...
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Stuart Kirk, Climate Investing Critic, Resigns From HSBC
The former head of responsible investment and research at HSBC Asset Management sparked a debate on the value of ESG investing.
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HSBC’s head of responsible investing quits after climate speech controversy
LONDON (Reuters) – Stuart Kirk, the global head of responsible investing at HSBC Asset Management, has resigned from his role, according to a post attributed to him on professional...
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China Data Show Economy Shrinking in Challenge to Xi’s Target
(Bloomberg) -- Signs are mounting that China’s economy shrank in the second quarter for the first time since 2020, placing the nation’s official statistics under fresh scrutiny as analysts...
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‘We’re not really sold on this recession idea.’ Top HSBC Asia economist thinks global recession fears are overblown
"It's going to be a bumpy ride," HSBC's Frederic Neumann says, but the worst-case recession fears may be over the top.
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HSBC in talks to sell Russian lending business to Expobank -source
LONDON (Reuters) – HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, as many major banks exit the...
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Hong Kong exchange enlists HSBC, Tencent to help create carbon market
By Selena Li HONG KONG (Reuters) – Hong Kong’s stock exchange said on Tuesday it had enlisted banks including HSBC and companies such as China’s Tencent to help it develop a global...
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HSBC to relaunch India private banking business within a year – executive
By Nupur Anand MUMBAI (Reuters) – HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused...
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European equities per-share profit could drop over 6% – HSBC
(Reuters) – European equities could see a drop between 6.4% and 8.5% in earnings per share this year compared to consensus estimates of a rise of more than 11%, HSBC said on Tuesday, as...
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HSBC: (some say) the best thing going for the EUR is that its not the USD
A snippet from HSBC on their euro outlook. Its chief merit for some is that it is not the USD, but with the market already fairly priced for hikes, the upside may be limited. ...
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Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG (Reuters) – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first...
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HSBC’s Major Says Yields Likely Peaked as Recession Risks Grow
(Bloomberg) -- Bond investors may already be pricing in the peak of the US rate cycle as concerns about a downturn mount, according to Steven Major, global head of fixed income research at ...
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HSBC leaves best lending rate unchanged at 5% despite central bank hike
HONG KONG (Reuters) – HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city’s central bank raising the base rate.
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Hong Kong Raises Benchmark Rate For Third Time After Fed Hike
(Bloomberg) -- The Hong Kong Monetary Authority raised its benchmark interest rate for a third time this year, in line with US Federal Reserve’s tightening move.The central bank’s base rate...
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Risk Assets Still Have to Correct Lower - HSBC
By Sam Boughedda In a note to investors Wednesday, HSBC analyst Max Kettner said that they believe risk assets will still have to correct lower, and the firm remains firmly risk-off in its...
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HSBC fires London trader for phone messages showing comped tickets to sporting event, among others
HSBC pushed some traders and bankers to hand over their phones so they could examine business messages on platforms such as WhatsApp earlier this year.
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