Hsbc Holdings Stock News

SINGAPORE :HSBC Holdings on Tuesday reported annual pre-tax profit more than doubled as the Asia-focused bank reversed hefty credit charges booked previously, saying it now expects to meet a key profitability goal a year ahead of schedule.The lender reported pretax profit came in at $18.9 billion last year, u

SINGAPORE : HSBC Holdings on Tuesday reported annual pre-tax profit more than doubled as the Asia-focused bank reversed hefty credit charges.The lender reported pretax profit came in at $18.9 billion last year, up from the previous year''s $8.8 billion but just below the $19.1 billion average of 17 analyst

HSBC PLC (LSE:HSBA) said profits more than doubled in 2021, driven by a release of credit losses and supported by a recovery in the global economy.  The bank said it would hit its target of 10% retur

Hong Kong stocks slumped by the most in three weeks on mounting concerns amid speculation Chinese technology companies are facing another round of regulatory restrictions. HSBC slid before its earnings report.The Hang Seng Index sank 2.5 per cent to 23,565.54 at 10.35am local time. The Tech Index retreated 2.4 per cent to a new record-low as losses over three days snowballed to almost 8 per cent.The Shanghai Composite Index dropped 1.2 per cent. Electric-car battery maker Contemporary Amperex

HSBC says investors should be paying attention to two climate change themes in particular.

London stocks were under pressure on Monday, as investors got whipsawed by updates on the Ukraine-Russia crisis. Syanirgen and Morses were big movers to the downside.

Starting this week's round of bank results is HSBC PLC, after fellow FTSE 100 lenders Standard Chartered and NatWest last week.   Fourth-quarter results on Tuesday from the ‘global bank' will come

Vincent Muscat''s lawyers filed an urgent judicial protest against the Attorney General on Sunday, claiming that the plea deal reached with Darren Debono over the 2010 HSBC heist breached their client''s rights. The post HSBC heist: Vince Muscat files judicial protest against AG appeared first on Newsbook .

HSBC, the biggest lender in Hong Kong, has donated HK$100 million (US$12.8 million) to help low-income households hit hard by the Covid-19 outbreak, the biggest so far by the citys financial sector.The lender has joined a slew of companies, including Bright Smart Securities, Futu Securities, Ant Group and FWD, which over the past week have offered support ranging from monetary donations, testing kits and other assistance to the city facing record infections nearly every day amid the fifth wave

Hong Kong stocks fell to a two-week low amid concerns new regulations will hurt the outlook for corporate earnings as companies including HSBC, Alibaba Group Holding and NetEase prepare to issue their report cards.The Hang Seng Index retreated 0.6 per cent to 24,175.46 at 10.45am local time. The Tech Index declined 1.4 per cent, while the Shanghai Composite Index lost 0.4 per cent.Alibaba tumbled 2.8 per cent while Tencent slipped 2.7 per cent. Bourse operator Hong Kong Exchanges & Clearing

Goldman Sachs started the new year by extolling the appeal of Chinese stocks, after the MSCI China Index lost 22 per cent in 2021. The US bank has since cut its target index returns for 2022, trimmed corporate earnings and lowered growth forecasts.In Hong Kong, analysts have also dialled back blue-chip earnings by as much as 15 per cent over the past eight months, according to Bloomberg data. The 19 per cent average growth from seven Hang Seng Index members so far has trailed consensus by 2.7

Saudi Arabias largest pharmacy retail chain hired the local unit of HSBC Holdings Plc and the investment banking arm of Saudi National Bank in what could be the largest IPO in the kingdom since Aramco went public in 2019.

The protest was organised by civil society groups, Repubblika, Occupy Justice and manueldelia.com, following Darren Debono’s (known as It-Topo) refusal in Court to reveal the identity of his accomplices in the attempted robbery of the HSBC headquarters in 2010. The post Civil society demands resignation of Attorney General appeared first on Newsbook .

European banks "eliminating" carbon lent $38 billion to fossil fuels.

HSBC Holding Plc shut four floors of its main office in Hong Kong and some branches on Friday after several staff tested positive for Covid.