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Added on the 03/08/2016 10:23:06 - Copyright : Reuters EN
Hong Kong, Aug 2 (EFE/EPA).- British bank HSBC on Monday announced that its reported profit attributable to ordinary shareholders was $7.28 billion in the first half of the year, increasing its earnings by 268 percent over the same period in 2020.Between January and June, HSBC's revenue decreased by 4.46 percent to $25.55 billion, which the bank attributes to interest rate cuts in 2020 and lower revenue in Markets and Securities Services (MSS). (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE HSBC BUILDING IN HONG KONG.
Beijing/Shanghai, July 27 (EFE/EPA).- Profits of Chinese industrial firms grew by 66.9 percent year-on-year in the first six months of 2021, the National Bureau of Statistics data showed Tuesday.The jump is partly due to the coronavirus-induced slump last year as the Chinese economy got paralyzed by the pandemic in the first three months of 2020.However, the NBS data showed that the surge in profits in the first half of 2021 is 45.5 percent, compared with the first six months of 2019. (Camera: ARCHIVE). ARCHIVE FOOTAGE SHOWS THE CITY OF BEIJING, CHINA; AND CARGO CONTAINERS ARE BEING LOADED TO THE CARGO SHIP IN YANGSHAN PHASE IV AUTOMATED TERMINAL, IN YANGSHAN, SHANGHAI, CHINA.
Hong Kong, Apr 27 (EFE/EPA).- Europe's largest bank, HSBC, increased its profits by 117.4 percent year-on-year during the first quarter of 2021 to $3.880 billion, the entity reported today.In the earnings release sent Tuesday to the Hong Kong Stock Exchange, where HSBC is listed, group chief executive Noel Quinn said the figures reflect "a good start to the year," highlighting "significantly lower expected credit losses," which the company attributes to the improvement in the economic outlook.Between January and March, reported revenue fell by 5 percent to $13 billion, which HSBC mainly attributes to the impact of interest rate reductions throughout 2020 in all businesses globally. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF HSBC HEADQUARTERS IN HONG KONG.
HSBC announces a $2.5 billion share buy-back as it takes steps to soothe investors after a near 30 percent drop in first-half core profits. Rosanna Philpott reports.
HSBC says it is under investigation by U.S. regulators in relation to hiring practices of people tied to government officials in Asia. As Grace Pascoe reports Europe's largest bank has also warned of an uncertain environment particularly in top market China after weaker than expected results.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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