The FTSE 100 climbed to a record high, buoyed by rising expectations of Bank of England interest rate cuts and strong gains in HSBC shares.
HSBC Profits Fall 14% as Hong Kong Property Slump and Madoff Lawsuit Take Toll
HSBC has reported a 14% decline in third-quarter profits to $7.3 billion (£5.5 billion), as the bank faced a dual setback from the Hong Kong real estate downturn and a
HSBC Shares Fall as Bank Takes $1.1bn Provision Linked to Madoff Case
HSBC was among the biggest fallers on the FTSE 100 this morning, with shares down almost 2%, after the bank revealed it will take a $1.1bn provision in its upcoming
Xi Jinping moves quickly to rejuvenate the Chinese real estate sector
China has unveiled a series of initiatives to revitalise its struggling property market following the sharpest decline in house prices in a decade.
China’s real estate turmoil intensifies with a sharp decline in housing sales.
The severity of China’s property crisis escalated last month, marked by a significant drop in housing sales and a reduction in new construction projects.
China’s biggest real estate company faces a petition for liquidation.
The largest private real estate developer in China is facing a liquidation petition in a Hong Kong court, marking a further escalation in the country’s real estate crisis, which is
The crisis in China’s property sector intensifies as Moody’s pulls back its credit ratings.
The property sector crisis in China intensified as Moody’s unexpectedly withdrew credit ratings from several prominent companies.
Evergrande Set for Liquidation Amid Escalating Crisis in China’s Real Estate Sector
Today, a Hong Kong court mandated the liquidation of Evergrande, a major Chinese real estate firm, signalling a significant escalation in China’s ongoing economic challenges.
JPMorgan is gathering deposits as its clients transfer funds to the biggest bank in the US
In Q1, JPMorgan Chase & Co (JPM.N) recorded a substantial increase in deposits, attributed to customers shifting their funds to bigger banks following the sudden failure of two regional U.S.
Rishi Sunak to secure new Brexit deal this weekend, with a legal text presented to Parliament on Monday.
According to No 10, talks between the Prime Minister and Commission President Ursula von der Leyen have resulted in a number of last-minute concessions from the EU.
Russia mulls fresh mobilisation of half-a-million conscripts for Ukraine
The Kremlin is still refusing to confirm speculation but quietly removed a rule that exempted fathers with three or more children from mobilization
Brexit deal in danger amid concerns that Rishi Sunak will give in to EU demands
The Democratic Unionist Party (DUP), and Tory backbenchers have warned Rishi Sunak against “giving in” to the EU during negotiations over Northern Ireland Protocol.