Sector movers: Oil equipment and lenders' shares weaken on concern around second Covid-19 wave
21st Sep 2020 20:22
(Sharecast News) - Cyclicals were all lower at the end of the week as investors recoiled at the prospect that Covid-19 lockdown measures across the Continent might be tightened amid the renewed increases in the number of novel coronavirus infections.
Read moreHSBC hits 25-year low as allegations add to pressures
21st Sep 2020 09:01
(Sharecast News) - HSBC shares fell to a 25-year low as Britain's banks were affected by allegations of moving illicit money as well as renewed pressure from the resurgence of Covid-19.
Read moreChinese industrial production and retail sales surprise to the upside in August
15th Sep 2020 08:02
(Sharecast News) - Key activity indicators in China all surprised to the upside in August, although one economist said the outlook was mixed.
Read moreHSBC to launch offers to repurchase $8.15bn of debt
15th Sep 2020 07:28
(Sharecast News) - HSBC will offer to repurchase approximately $8.15bn of debt with maturities falling between March 2021 and March 2022.
Read moreChina's exports beat expectations in August
7th Sep 2020 08:17
(Sharecast News) - China's exports beat expectations in August as the world's biggest manufacturing nation's overseas markets reopened from Covid-19.
Read moreHSBC restricts low-deposit mortgages as loan demand surges
2nd Sep 2020 10:42
(Sharecast News) - HSBC has been forced to throttle back on low-deposit mortgages in the face of huge demand for loans and a surprise rise in house prices.
Read moreFCA tells lenders to give extra help to mortgage borrowers
26th Aug 2020 11:26
(Sharecast News) - The Financial Conduct Authority has told lenders to provide extra support for mortgage customers in difficulty after payment holidays run out in October.
Read moreHSBC profits plunge on higher Covid bad debt charges
3rd Aug 2020 06:59
(Sharecast News) - HSBC interim profits plunged 65% as it increased provisions for bad debts by $3.8bn amid the coronavirus crisis and accelerated plans to cut 35,000 jobs.
Read moreOfficial China factory PMI edges past forecasts in June
31st Jul 2020 07:18
(Sharecast News) - Chinese manufacturing sector activity recorded a fifth consecutive month of recovery, the results of a key survey showed.
Read moreSunday newspaper round-up: Spain, UK economy, Rolls-Royce
26th Jul 2020 14:16
(Sharecast News) - The foreign secretary, Dominic Raab, has said the government will not apologise for its snap decision to order tourists returning from Spain to quarantine, saying further spread could risk another lockdown in the UK. Raab said the government had to take "swift, decisive action" when the data from Spain showed a surge in infections right across the country. Overnight, the UK imposed snap new restrictions on holidaymakers returning from Spain on Saturday night, meaning those who return must quarantine for two weeks. - Guardian
Read moreUK expected to suspend Hong Kong extradition treaty
20th Jul 2020 09:58
(Sharecast News) - UK foreign secretary Dominic Raab is set to announce the result of a review on Monday over a possible suspension of the extradition treaty with Hong Kong in protest over the new national security law imposed on the special administrative area by Beijing.
Read moreTrump ends Hong Kong special status; China threatens retaliation
15th Jul 2020 07:02
(Sharecast News) - US President Donald Trump said he had signed an order ending preferential economic treatment for Hong Kong, after China imposed a controversial security law in the territory.
Read moreChinese imports and exports jump past forecasts in June
14th Jul 2020 12:07
(Sharecast News) - Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
Read moreHSBC hit as White House said to weigh future of Hong Kong-US peg
8th Jul 2020 10:38
(Sharecast News) - Shares in HSBC fell sharply on Wednesday following reports that the White House was considering undermining the decades-old peg between the Hong Kong and US dollar.
Read moreHSBC to cut jobs at French investment bank - reports
7th Jul 2020 13:10
(Sharecast News) - HSBC plans to cut more than a third of the 678 jobs at its French investment banking business as part of the bank's wider push to slash costs, according to reports.
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