HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion charge on its stake in a Chinese bank amid mounting bad loans in the world’s second-largest economy.
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US Fed holds rates steady, sees ‘elevated’ inflation and stabilising job market
The US Federal Reserve held interest rates steady on Wednesday, citing still-elevated inflation alongside solid economic growth, and giving little indication in...
US Fed holds interest rates steady, defying Trump pressure
Officials vote 10-2 to keep rates at 3.50–3.75 per cent, awaiting more economic data.
