HONG KONG, Feb 21, (APP/AFP) – HSBC said Tuesday that net profit fell 82 percent in 2016, calling it a period remembered for its “largely unexpected economic and political events”, while it warned of further uncertainty this year. The net profit of $2.48 billion compared with $13.52 billion recorded in 2015, with group chairman Douglas […]
Business News
HSBC says net profit dived 82% to $2.48 bn last year
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HSBC says 2016 net profit plunged 82% to $2.48bn
HONG KONG, Feb 21, (MILLAT) – Global banking giant HSBC said Tuesday that net profit for 2016 fell 82 percent from the previous year, calling it a period remembered for its “largely unexpected economic and political events”. The net profit of $2.48 billion compared with $13.52 billion recorded in 2015, with group chairman Douglas Flint […]
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Tokyo shares up by break on automaker, bank rally
TOKYO, Feb 21, (MILLAT) – Tokyo stocks rose Tuesday morning, with automakers and banks leading the way, while a dip in the yen provided support to exporters. The benchmark Nikkei 225 index rose 0.46 percent, or 88.55 points, to 19,339.63 by break, while the Topix index of all first-section issues rose tacked on 0.35 percent, […]
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Hong Kong shares open higher
HONG KONG, Feb 21, (APP/AFP) – Hong Kong stocks rose again in the first few minutes of trade Tuesday, extending a recent rally after an official at the Federal Reserve said a US interest rate hike next month was still possible. The Hang Seng Index was up 0.12 percent, or 28.03 points, at 24,174.11 in […]
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Stocks-Japan-open-market – Tokyo shares open higher as yen stabilises
TOKYO, Feb 21, (MILLAT) – Tokyo stocks opened slightly higher Tuesday in subdued trading as the dollar held firm against the yen. The benchmark Nikkei 225 index opened 0.07 percent, or 13.48 points, higher to 19,264.56, while the Topix index of all first-section issues rose 0.02 percent, or 0.27 points, to 1,547.28.
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Most Asia markets up as rally presses ahead
HONG KONG, Feb 21, (MILLAT) – Asian markets mostly extended their rally Tuesday with Tokyo boosted by a jump in the dollar against the yen after a top Federal Reserve official said the bank could lift interest rates as soon as next month. With Wall Street’s trading floors closed for the Presidents Day holiday there […]