Didi shares fall over 25% in response to Chinese crackdown
6th Jul 2021 11:48
(Sharecast News) - Didi Global shares fell over 25% in US pre-market trade on Tuesday, ahead of its first trading session since Chinese regulators ordered the company's app be taken down in that country.
Read moreTech giants threaten to leave Hong Kong over privacy law
6th Jul 2021 09:39
(Sharecast News) - Tech giants including Google, Facebook and Twitter have warned through an Asian industry group on Tuesday that they could cut their services in Hong Kong if Beijing goes ahead with its plans to impose new privacy laws.
Read moreSunak says banks should not pay much more tax
1st Jul 2021 12:19
(Sharecast News) - The chancellor indicated on Thursday he would scrap or reduce the bank surcharge to ensure banks do not pay much more when corporation tax rises.
Read moreBoE's Haldane warns inflation headed towards 4 per cent
30th Jun 2021 13:43
(Sharecast News) - Andrew Haldane warned in his last speech as the Bank of England's chief economist that policymakers risked losing control of inflation.
Read moreUS Commerce Department rescinds banned transactions with TikTok, WeChat
22nd Jun 2021 10:40
(Sharecast News) - The US Commerce Department said late on Monday it was rescinding a list of prohibited transactions with TikTok and WeChat that were issued during the Trump administration in September.
Read moreHSBC to take $2.3bn hit as it agrees sale of French retail bank
18th Jun 2021 16:02
(Sharecast News) - HSBC said on Friday that it has agreed to sell its French retail bank to My Money Group in a deal that will lead to a pre-tax loss of around $2.3bn.
Read moreJPMorgan upgrades HSBC to 'neutral', raises target price on Standard Chartered
18th Jun 2021 10:50
(Sharecast News) - Analysts at JPMorgan upgraded banking giant HSBC from underweight to 'neutral' on Friday despite it having "notably underperformed" the European Banks sector over the past year.
Read moreHong Kong's Apple Daily raided by 500 officers over national security law breach
17th Jun 2021 12:19
(Sharecast News) - Hong Kong's Apple Daily's newsroom was raided on Thursday by 500 officers over alleged violations of China's national security law.
Read moreHSBC names two new co-heads for Asia Pacific business
7th Jun 2021 12:47
(Sharecast News) - HSBC has appointed two veteran bankers to manage its operations in Asia-Pacific.
Read moreThursday broker round-up
27th May 2021 13:15
(Sharecast News) - Blue Prism: Canaccord upgrades to speculative buy with a target price of 1,250p.
Read moreHSBC quits US retail banking after four decades
27th May 2021 09:13
(Sharecast News) - HSBC has agreed to sell its US retail banking operations, calling time on an attempt to compete for mass market dollars that stretches back more than four decades.
Read moreHSBC boss unconvinced about 'volatile' Bitcoin
24th May 2021 12:06
(Sharecast News) - The turmoil surrounding Bitcoin intensified on Monday after HSBC said it had no plans to start offering the cryptocurrency to investors.
Read moreHSBC asks shareholders not to turn up to AGM
20th May 2021 14:44
(Sharecast News) - HSBC has asked shareholders not to turn up for its annual general meeting despite switching the venue to allow people to attend in person.
Read moreCredit Suisse says markets 'consolidating' not 'correcting', unless ...
14th May 2021 12:46
(Sharecast News) - Stockmarkets are now set to consolidate, given that inflation is now "a bit more" of an issue, but they are not headed for a 'correction', says Andrew Garthwaite at Credit Suisse.
Read moreUS removes Xiaomi from blacklist
12th May 2021 09:54
(Sharecast News) - The US Department of Defence announced it would be remove Chinese tech company Xiaomi from a government blacklist.
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