HSBC's interim chief executive on Monday said the banking giant was underperforming in parts of Europe and the United States, as third-quarter profits slipped and the lender warned of further headwinds.
HONG KONG/LONDON: HSBC Holdings reported an 18 per cent drop in its third-quarter pre-tax profit, lagging forecasts, as the Sino-US trade war and Brexit uncertainties weighed on business sentiment in its core markets of Asia and Britain. Pre-tax profit at Europe's biggest bank by assets was US$4.8 ...
Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices.
Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to achieve annual economic growth this year, the city's Financial Secretary said.
Logistics company Prologis Inc said on Sunday it had agreed to acquire commercial real estate firm Liberty Property Trust in an all-stock deal valued at about US$12.6 billion, including debt, to improve its presence in some U.S. markets.
Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices.
Asian shares rose on Monday to a three-month high as risk assets got a fillip from hopes of a U.S.-China trade deal as soon as next month while the dollar marked time as focus shifts to a U.S. rate decision.
Logistics company Prologis Inc said on Sunday it had agreed to acquire commercial real estate firm Liberty Property Trust in an all-stock deal valued at about US$12.6 billion, including debt, to improve its presence in some U.S. markets.
Tired of that never-ending stream of work emails? We should not have allowed technology to doom us to endless distraction, says the Financial Times’ Pilita Clark.
The head of a US Senate panel reviewing two catastrophic Boeing 737 MAX crashes told Reuters ahead of hearings this week that the plane would not return to US skies until "99.9 per cent of the American public" and policymakers are convinced it is safe.
