Page 10 - Hsbc

Top headlines: SC halts Future-RIL deal, Puducherry CM loses trust vote

India is set to clear 45 investment proposals from China as border tensions ease; HSBC ups India's FY22 GDP forecast to 11.2%

HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%

Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal

Huawei takes HSBC to UK court for documents in extradition fight

Huawei took UK bank HSBC to court on Friday seeking documents the Chinese company says are key to its legal efforts to stop its chief financial officer from being extradited to the US from Canada.

HSBC inaugurates international banking unit at GIFT City in Gujarat

Global financial services major HSBC on Tuesday inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat.

HSBC set to face shareholder heat on fossil fuels in annual general meeting

Major HSBC shareholders are calling on Europe's biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate "ambitions" into targets

Hong Kong ex-lawmaker Ted Hui says his bank accounts have been frozen

Five accounts belonging to Hui, his wife and parents have been inaccessible since Saturday, he said in an interview with the newspaper

Scaling back global ambitions, HSBC may dump US consumer banking business

The US retreat would follow a sweeping restructuring earlier this year that called for 35,000 cuts

HSBC to accelerate restructuring plan as Q3 profit tumbles 35% due to Covid

Reported pretax profit for Europe's biggest bank by assets came in at $3.1 billion for the quarter ended Sept. 30, down from $4.8 billion in the same period a year earlier

Goldman, Citi, HSBC hit pause on UK office return after Johnson plea

Goldman Sachs is encouraging its London employees to go back to working remotely if possible, though its Plumtree Court office will remain open for those who need it

HSBC stock at lowest since 1995 on money laundering allegations

HSBC's share price fell to its lowest level since 1995, following allegations of money laundering and fears of another lockdown in Europe

Top headlines: Modi defends farm bills, HSBC, StanChart shares at 22-yr low

From PM Modi again defending farm bills amid Opposition protests, Petronet buying LNG cargo to gold smuggling dropping due to coronavirus, Business Standard bring you the top headlines of the day

HSBC, StanChart shares fall to 22-yr low on reports of illicit money flows

BuzzFeed and other media articles were based on leaked suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network

HSBC Global Research puts food delivery firm Zomato's valuation at $5 bn

Covid-19 has accelerated its path to profitability owing to lower discounts said HSBC Global Research in a report

HSBC says net profit plunged 96% in Q2 amid low interest rates, Covid-19

Europe's biggest bank, HSBC, said that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold

Covid-19 impact: HSBC H1 PBT plunges 65% to $4.32 bn on loan provisions

The profit was lower than the $5.67 billion average of analysts' estimates compiled by the bank

HSBC denies 'framing' Huawei, says it didn't participate in US legal probe

People's Daily, China's state-run newspaper, says HSBC has been 'setting traps' for the company since 2012

Indian businesses showed preparedness, resilience despite Covid-19: Report

The survey was conducted on more than 2,600 companies across 14 global markets including 200 firms from India

World coronavirus dispatch: Fresh outbreak in Beijing gathering momentum

Hundreds of flights in and out of Beijing were cancelled on Wednesday as authorities stepped up measures to rein in a sudden outbreak of coronavirus in the Chinese capital

HSBC revives plan to slash 35,000 jobs, freeze hiring to cut costs: Report

The bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235,000 staff worldwide

Global fund managers cautious on equities; geopolitics, Covid-19 key risks

A record 78% of investors surveyed by BofA Securities believe markets are most 'overvalued' since 1998