Group invested assets soared on the back of increases in the lender’s global wealth management and corporate units. Source link
Author: usaeverydaylife
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024.Henry Romero | ReutersEurope’s largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. The bank also announced a share buyback of $3 billion.It reported profit before tax for the three months ended June of $6.3 billion, down 29% from a year ago.Here are HSBC’s second-quarter 2025 results compared with consensus estimates compiled by the bank.Profit before tax: $6.3 billion vs. $6.99 billionRevenue: $16.5 billion vs. $16.67 billionOperating expenses rose…
US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer address a press conference in Rosenbad after the trade talks between the US and China concluded, in Stockholm, Sweden on July 29, 2025. Magnus Lejhall | Afp | Getty Images The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after they concluded Tuesday with no trade truce extension.Why? Any decision would have to be signed off by President Donald Trump, Treasury Secretary Scott Bessent told CNBC.While Bessent told Trump on a call that the meeting with China was “very good,” U.S. tariffs on Chinese…
In May 2025, the FDA named Prasad, an oncologist who previously criticized FDA leadership and COVID-19 mandates, as the director of its Center for Biologics Evaluation and Research.The Washington Post | The Washington Post | Getty ImagesVinay Prasad, the U.S. Food and Drug Administration’s chief medical and science officer, has left the health regulator, the U.S. Department of Health and Human Services, which oversees the FDA, said on Tuesday, confirming an earlier news report.”Dr. Prasad did not want to be a distraction to the great work of the FDA in the Trump administration and has decided to return to California and spend more time with his family,”…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDaniel Richards, senior economist at Emirates NBD, breaks down the latest happenings in the UAE’s travel and tourism space. He discusses the announcement of Disneyland Abu Dhabi and the exit of Hungarian low-cost carrier Wizz Air from Abu Dhabi’s Zayed International Airport. Source link
The logo of LG Electronics is seen on the opening day of the Integrated Systems Europe exhibition in Barcelona on January 31, 2023. Pau Barrena | Afp | Getty ImagesSouth Korea-based LG Energy Solution announced Wednesday that it had signed a $4.3 billion contract for supplying batteries to a major corporation, without naming the customer.The effective date of contract — receipt of orders — began Tuesday and will conclude at the end of July, 2030. During this period, the counterparty will not be disclosed to maintain business confidentiality, the company’s filing with the Korea Exchange showed Wednesday. Reuters reported that Tesla…
CNBC’s Jim Cramer on Tuesday reviewed Figma, a design software company set to go public this week. Although he said he likes Figma’s underlying business, he’s hesitant to recommend the stock right away because it might quickly become too expensive.”There’s a lot to like about Figma, the company, but it’s already coming public at a pretty expensive level,” he said. “And if the stock roars right out of the gate — I’m going to tell you — it’ll be too pricey for me, even as I think the company’s got a tremendous product at a very reasonable price.”Figma is among…
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty ImagesAustralia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in at 2.1% year over year, compared to 2.4% in the preceding period.This was lower than the 2.2% expected by economists polled by Reuters, and is almost touching the lower band of the 2%-3% target set by the Reserve Bank of Australia.On July 24, RBA governor Michelle…
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty ImagesSingapore’s central bank warned on Wednesday that the city-state’s economy is “projected to moderate in the second half of 2025 from its strong pace in [the first half],” as it kept its monetary policy unchanged.The Monetary Authority of Singapore said it would hold the width and level at which its policy band is centered amid trade concerns from the Trump administration.”In particular, the trade-related sectors should see some pullback,” the central bank said in…
Evan Seigerman, BMO Capital Markets, joins ‘Fast Money’ to talk to Nono Nordisk sinking on guidance cut. Source link
