Skip to main content

Finance

Finance · 6:46 AM UTC

HSBC bucks China property worries with 74% profit jump, $2 bln buyback

HSBC Holdings reported a surprise 74% rise in third quarter profit as it shrugged off concerns about pandemic-related bad loans and property problems in its key market of China, allowing it to announce a share buyback of $2 billion.

Finance
Italy, UniCredit fail to clinch Monte dei Paschi rescue deal
Finance
Britain's Co-op bank confirms TSB approach
The Great Reboot
Hong Kong's zero-COVID policy undermining financial hub status - industry group
Business
Some Evergrande bondholders received coupon payment for Sept 23 tranche -sources
Change Suite
In corporate crackdown, U.S. SEC takes aim at executive pay
Technology
Weinstein's Saba Capital sold holdings in SPAC as shares surged on Trump deal
United Kingdom
London Stock Exchange warns on supply chain shortages
Finance
China to pilot property tax scheme in some regions -Xinhua
China
Analysis: Investors denied their Ever-grande finale...for now
Finance
Spain's Sabadell rejects offer from Co-op bank for its British unit TSB
Finance
AmEx touts appeal among young users after profit beats on spending recovery
Finance
U.S. stock options traders see smooth sailing as Fed taper looms
Energy
EXCLUSIVE Citgo boards in last-ditch talks with Washington to keep creditors at bay
Technology
SPAC linked to Trump's social media venture surges for second day
Business
Time for Fed to taper bond purchases but not to raise rates, Powell says
China
Evergrande's tortuous restructuring, asset sales in focus after default averted
Asia Pacific
No 'Squid Game': South Korea's real-life debt trap
Finance
Australia's central bank tells 'buy now, pay later' firms to drop surcharge ban
China
China's troubled property behemoth averts default, signals business shift