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HSBC

Asia-focused HSBC profits double as bank reverses credit losses

"The economic outlook has improved, although uncertainties remain," he said.

Published 27 Apr, 2021 04:04pm

Markets

HSBC first-quarter profits more than double to $6.4bn

Like all banking giants HSBC was battered by the coronavirus last year with a 30 percent plunge in 2020 profit.

Published 27 Apr, 2021 10:13am

Business & Finance

ADNOC, Dutch-listed OCI set to pick Citi, FAB, HSBC for JV IPO

The line up of banks is still not finalised and ADNOC may add more advisors to the deal, said two of the sources, who declined to be named as the matter is not public.
ADNOC, HSBC, OCI and Citigroup declined to comment. First Abu Dhabi did not immediately respond to a request for comment.

Published 26 Apr, 2021 06:24pm

Technology

Canada judge adjourns Huawei exec's extradition hearing to August

She has denied hiding Huawei's relationship with Skycom, a former subsidiary, from HSBC.

Published 22 Apr, 2021 10:18am

Business & Finance

Major banks commit to carbon neutrality by 2050

PARIS: A group of 43 international banks including sector heavyweights have joined a UN-convened pact to reach ...

Updated 22 Apr, 2021 09:46am

World

HSBC bosses swap plush executive floor for hot desking

LONDON: Banking giant HSBC has axed the plush executive floor at its London headquarters, forcing top brass to share...

Updated 21 Apr, 2021 10:09am

Technology

Huawei exec seeks months-long delay in US case

They disappeared into authoritarian China's opaque legal system and were recently tried in secret for espionage with a verdict yet to be announced.

Published 20 Apr, 2021 10:33am

Business & Finance

HSBC relocates London bosses to Hong Kong in Asia push

LONDON: London-headquartered HSBC bank is relocating four senior executives to Hong Kong as it seeks to extend its...

Updated 16 Apr, 2021 09:54am

Swiss money laundering probe eyes Lebanon central bank chief: report

GENEVA: From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of...

Updated 14 Apr, 2021 10:11am

Markets

Dubai Islamic Bank gives price guidance for AT1 sukuk

The Islamic bonds will be non-callable for six years.

Published 13 Apr, 2021 01:11pm

Business & Finance

HSBC bans buying bitcoin-backer MicroStrategy shares

LONDON: HSBC has banned customers of its online share-trading platform from buying or moving into their accounts...

Updated 13 Apr, 2021 09:29am

Business & Finance

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

While HSBC will allow the holding, sale and outgoing transfer of MicroStrategy shares, it will forbid new purchases or incoming transfers, said the message dated March 29.

Updated 13 Apr, 2021 12:09am

Business & Finance

HSBC moves more than 1,200 UK staff to permanent home working

Call centre staff opting for permanent home working.
Union supportive, but warns of risks to wellbeing.
Banks slashing office space to cut costs post-pandemic.

Published 07 Apr, 2021 06:47pm

Markets

Gold surges in Europe

ROTTERDAM/LONDON: Gold rose over 1% on Thursday on a retreat in the dollar and US bond yields, while grim jobless...

Published 02 Apr, 2021 04:58am

Markets

US MIDDAY: Gold rises

NEW YORK: Gold rose over 1% on Thursday buoyed by a retreat in the dollar and US bond yields, while grim US jobless...

Published 02 Apr, 2021 04:58am

Markets

FTSE 100 ends flat

LONDON: London’s FTSE 100 ended flat on Monday, as weakness in banks and consumer discretionary stocks outweighed...

Published 30 Mar, 2021 05:45am

Markets

FTSE 100 falls

LONDON: British shares inched lower on Wednesday as a jump in COVID-19 cases across Europe stoked worries about its...

Published 25 Mar, 2021 05:08am

Markets

European shares edge higher as autos lead gains, Turkey-exposed banks fall

The pan-European STOXX 600 rose 0.2pc, reversing declines from earlier in the session, with automobile stocks rising for a fifth day in the past six sessions.

Updated 23 Mar, 2021 05:11pm

Markets

European shares slip; BMW jumps

MILAN/ROTTERDAM: European stocks ticked lower on Wednesday as most investors stayed on the sidelines ahead of the US...

Published 18 Mar, 2021 03:56am

Business & Finance

HSBC in talks to sell French retail banking to Cerberus

The planned disposal is part of HSBC Chief Executive Noel Quinn's strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining bidders.
Any sale could involve a token price, with HSBC having to plough in some 500 million euros ($595 million) to finance the necessary restructuring, Reuters previously reported.

Published 17 Mar, 2021 08:19pm

Canada judge rejects new request in Huawei extradition case

VANCOUVER: A Canadian judge has rejected a request from Huawei's chief financial officer Meng Wanzhou, who wanted...

Published 15 Mar, 2021 05:22am

Markets

HSBC toughens stance on fossil fuel funding after shareholder heat

HSBC will report on its progress annually, it said on Thursday, starting this year.

Published 11 Mar, 2021 12:13pm

Markets

Bank Muscat sells $500mn in 5-year bonds

It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed.

Published 11 Mar, 2021 12:06pm

Technology

Huawei confirms exec seeking HSBC records in Hong Kong court

Beijing and Hong Kong authorities are also drawing up broad plans to ensure all politicians and public officials are "staunch patriots", including within the judiciary.

Updated 11 Mar, 2021 05:23pm

Markets

FTSE rises as bank, energy stocks shine

LONDON: British shares rose on Monday, boosted by gains in bank and energy stocks tracking higher commodity prices,...

Published 09 Mar, 2021 05:45am

Markets

Gold holds near 9-month low in Europe

MILAN/LONDON: Gold fell to its lowest in nine months on Friday after better-than-expected US employment data...

Published 06 Mar, 2021 05:01am

Markets

UK shares up ahead of budget

LONDON: British shares rose on Wednesday, buoyed by gains in commodity and banking stocks, while investors awaited...

Published 04 Mar, 2021 04:58am

Business & Finance

Emirate of Sharjah expected to raise around $1bn via bonds

It tightened guidance to between 3.625% and 3.75% for the 12-year notes and 4.75% to 4.875% for the 30-year tranche, the document showed.
Initial price guidance was around 3.875% for the 12-year bonds and between 4.875% and 5% for the 30-year paper.

Published 03 Mar, 2021 07:40pm

Technology

Huawei CFO's lawyer disputes what HSBC knew as US extradition case resumes

Meng's arrest caused tensions between Beijing and Ottawa, and soon afterward, China detained two Canadians, who continue to have limited access to legal counsel or diplomatic officials.

Published 02 Mar, 2021 10:16am

Business & Finance

Reliance partners with Google, Facebook for digital payment network bid

NEW DELHI: India's conglomerate Reliance Industries has partnered with Facebook Inc, Google and fintech player...

Published 28 Feb, 2021 04:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42
France CAC40 / May 17	8167.50
Tokyo Nikkei / May 20	39197.34

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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