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
Markets HSBC sells Greek retail bank as it sharpens Asia focus LONDON: HSBC announced on Monday it has agreed to sell its branch operations in Greece to local bank Pancreta Bank,... Published 14 Mar, 2022 03:02pm
Markets FTSE 100 drops on banking stocks LONDON: London’s FTSE 100 fell on Tuesday as the worsening Ukraine crisis pushed shares of heavyweight banking and... Published 02 Mar, 2022 04:35am
Markets HSBC 'not looking to acquire' Citi's Mexico consumer bank MEXICO CITY: Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have... Published 23 Feb, 2022 10:03pm
Business & Finance HSBC announces $1bn share buyback as annual profits double LONDON: HSBC on Tuesday announced bumper 2021 profits and plans to repurchase shares worth up to $1.0 billion as the... Published 23 Feb, 2022 04:54am
Markets HSBC targets 34% cut to emissions from oil and gas clients by 2030 LONDON: HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the... Published 22 Feb, 2022 09:47am
Markets FTSE 100 extends gains LONDON: Britain’s main equity index rose on Monday, led by banking stocks as investors continued to bet on rising... Published 08 Feb, 2022 06:10am
Markets Commodity, bank stocks lead FTSE 100 higher; Playtech drops LONDON: London’s FTSE 100 rose on Wednesday with heavyweight mining, energy and banking shares leading gains ... Published 27 Jan, 2022 04:05am
Markets Asian markets tepid as mixed China data weighs; S Korean stocks fall SINGAPORE: A few Southeast Asian stock markets fell on Monday as Chinese data signalled the economic fallout of the... Published 18 Jan, 2022 04:20am
Business & Finance HSBC buys India L&T’s mutual fund arm for $425m in wealth expansion NEW DELHI: HSBC is buying the mutual fund arm of India’s L&T Finance Holdings for $425 million, it said on... Published 24 Dec, 2021 05:43am
Markets Weaker sterling boosts FTSE 100; HSBC slips LONDON: UK’s exporter-heavy FTSE 100 ended higher on Friday, helped by a weaker pound, but posted a weekly loss as... Published 20 Dec, 2021 06:29am
Markets HSBC fined $85mn for UK anti-money laundering failings LONDON: Britain's financial regulator said on Friday it had fined HSBC 63.95 million pounds ($85.2 million) for... Published 17 Dec, 2021 01:54pm
Business & Finance HSBC says clients must have plan to exit coal by end-2023 LONDON: HSBC, Europe’s leading banker to corporate Asia, laid out its long-awaited policy on financing thermal ... Published 15 Dec, 2021 06:34am
Print EU fines HSBC, Credit Suisse, others over ‘Sterling Lads’ forex cartel BRUSSELS: EU antitrust regulators on Thursday fined Barclays, Credit Suisse, HSBC and NatWest 344 million euros ... Updated 03 Dec, 2021 09:50am
Business & Finance HSBC exceeds China wealth hiring targets SINGAPORE: HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is... Published 10 Nov, 2021 05:47am
Business & Finance StanChart shares hit by outlook and dashed buyback hopes SINGAPORE/LONDON: Standard Chartered on Tuesday forecast flat full-year income and dashed investor buyback hopes,... Published 03 Nov, 2021 03:54am
Print Chinese bonds’ inclusion in major global indexes SHANGHAI: FTSE Russell’s World Government Bond Index (WGBI) will become the last major global index to include... Updated 30 Oct, 2021 09:49am
Markets Oil, mining stocks lift FTSE 100 LONDON: London's blue-chip index rose on Monday, as higher commodity prices lifted oil and mining stocks, while... Published 26 Oct, 2021 04:39am
Markets Miners, oil stocks boost UK's FTSE 100; HSBC rises after results London's blue-chip index rose on Monday, as higher commodity prices lifted oil and mining stocks, while shares in... Published 25 Oct, 2021 12:45pm
Markets AstraZeneca lifts FTSE 100 LONDON: London’s FTSE 100 ended higher on Wednesday, as AstraZeneca boosted healthcare stocks on completing a... Published 30 Sep, 2021 04:15am
World US Republican senators slam release of Huawei’s Meng WASHINGTON: US Senator Marco Rubio said on Saturday the release of Huawei’s finance chief raised serious questions... Published 26 Sep, 2021 03:23am
Markets HSBC CEO sees market impact from Evergrande debt woes Quinn said HSBC was very focused on its commercial real estate business in China and Hong Kong Published 23 Sep, 2021 11:31am
Markets JPMorgan takes on British rivals with launch of digital bank Chase The launch marks the first foray into retail banking outside North America by one of the United States' most dominant lenders Published 21 Sep, 2021 10:46am
Markets European banks active in tax havens despite scandals: survey Europe's leading banks each year book 20 billion euros ($24 billion), or 14 percent of their total profits, in 17 territories with particularly favourable tax regimes Published 06 Sep, 2021 10:21am
Business & Finance Trading arm of UAE's ADNOC secures $1.2 billion credit facility The loan will be used to finance ADNOC Global Trading's trade flows and growth, ADNOC says Updated 02 Sep, 2021 07:10pm
Markets Global dividends to near pre-pandemic levels in 2021 Its latest estimate, up 2.2 percentage points from an earlier one, is just 3% below the pre-pandemic peak Published 23 Aug, 2021 09:30am
Markets HSBC to acquire Axa's Singapore insurance assets for $575mn Axa Singapore had net assets of $474 million, annualized new premiums of $85 million and gross written premiums of $739 million Published 16 Aug, 2021 10:20am
Print Asian coal-fired closures: ADB, Citi, HSBC, Prudential hatch plan LONDON/MELBOURNE: Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real... Updated 04 Aug, 2021 09:56am
