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HSBC Holdings PLC

Top economists unanimous on ‘higher for longer’ rates as inflation threats linger

by Adrian Jhonsan
Top economists unanimous on ‘higher for longer’ rates as inflation threats linger

Pedestrians walk past a billboard announcing the World Bank Group and International Monetary Fund annual meetings, on the side of the International Monetary Fund headquarters in Washington DC on October …

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Categories World

Metro Bank expected to struggle to raise capital with ‘no easy solutions’

by Adrian Jhonsan
Metro Bank expected to struggle to raise capital with ‘no easy solutions’

The U.K.’s embattled Metro Bank has launched talks to sell a third of its mortgage book in an urgent attempt to shore up its balance sheet. Matthew Horwood | Getty …

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Categories World

JPMorgan Chase UK shouldn’t ‘deplatform’ crypto industry

by Ev Richard
JPMorgan Chase UK shouldn’t ‘deplatform’ crypto industry

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images …

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Categories Technology

London office vacancies hit 30-year high

by Adrian Jhonsan
London office vacancies hit 30-year high

Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — London’s office market is in a “rental recession,” according …

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Categories World

HSBC-backed startup is using AI to help banks fight financial crime

by Ev Richard
HSBC-backed startup is using AI to help banks fight financial crime

The co-founders of Silent Eight, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz. Silent Eight WARSAW — When it comes to financial crime, banks can often be …

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Categories Technology

Durian demand has soared 400%, fueled by China’s ‘craze’ for the fruit

by Adrian Jhonsan
Durian demand has soared 400%, fueled by China’s ‘craze’ for the fruit

Different varieties of durian fruits on display at a durian stall in Petaling Jaya, Selangor, Malaysia,. Bloomberg | Bloomberg | Getty Images Some say it’s sticky-sweet, others say it smells …

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Categories World

Hong Kong’s benchmark Hang Seng index closes in bear market territory

by Adrian Jhonsan
Hong Kong’s benchmark Hang Seng index closes in bear market territory

People standing in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms …

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Categories World

Yen breaches 145 level against USD, raises expectations BOJ may intervene

by Adrian Jhonsan
Yen breaches 145 level against USD, raises expectations BOJ may intervene

Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by …

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Categories World

Analysts proved wrong as HSBC surpasses expectations with a staggering 89% YOY increase in Q2 pre-tax profit

by Adrian Jhonsan
Analysts proved wrong as HSBC surpasses expectations with a staggering 89% YOY increase in Q2 pre-tax profit

An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down …

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Categories World

FBI Director highlights influence of Communist cells on China’s companies

by James Odonell
FBI Director highlights influence of Communist cells on China’s companies

According to FBI Director Christopher Wray, China is now requiring U.S. and other foreign-owned companies to host groups that monitor their compliance with Chinese Communist Party orthodoxy. This is a …

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Categories Politics
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