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HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend 0
- Uncategorized
- February 21, 2023
HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for the three months to December 31 jumped 92% to $5.2 billion,
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Indian Stocks Rise On Strong Bank Earnings, Asian Markets Advance 0
- Stock Market
- January 23, 2023
Indian stocks rose on Monday following a series of strong earnings from heavyweight bank stocks, while broader Asian stocks rose slightly, although market holidays dulled trading volumes across most of the region. India’s BSE Sensex 30 and Nifty 50 indexes rose 0.7% each, buoyed largely by major bank stocks following better-than-expected results from ICICI Bank
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Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap 0
- Uncategorized
- January 20, 2023
Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick
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Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears 0
- Gold
- January 4, 2023
Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and
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