HSBC 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.
Read moreWhite House preparing executive orders on China, manufacturing
6th Jul 2020 18:51
(Sharecast News) - The White House is preparing a raft of executive orders on subjects ranging from the People's Republic of China, to manufacturing or immigration and the price of prescription drugs.
Read moreUS House moves to sanction Chinese banks over new HK security law
2nd Jul 2020 09:55
(Sharecast News) - Lawmakers in the US moved a step closer to retaliating against Beijing's decision to change Hong Kong's security laws to clamp down on dissent.
Read moreUK banks escape probe into overdraft rises during Covid-19
1st Jul 2020 08:38
(Sharecast News) - UK banks were put on notice over overdraft pricing during the coronavirus crisis by the industry regulator on Wednesday, but escaped the threat of a full probe.
Read moreHSBC to resume 35,000 job cuts
17th Jun 2020 09:03
(Sharecast News) - HSBC has restarted a plan to cut 35,000 jobs that the bank shelved in the early stages of the Covid-19 crisis, according to a report.
Read moreSunday newspaper round-up: Two meters, Rolls Royce, Clinigen
14th Jun 2020 19:22
(Sharecast News) - Senior scientists have reported flaws in an influential World Health Organization-commissioned study into the risks of coronavirus infection and say it should not be used as evidence for relaxing the UK's 2-metre physical distancing rule. Critics of the distancing advice, which states that people should keep at least 2 metres apart, believe it is too cautious. They seized on the research commissioned by the WHO, which suggested a reduction from 2 metres to 1 would raise infection risk only marginally, from 1.3% to 2.6%. - Guardian
Read moreHSBC slammed by Pompeo over support for HK security law
10th Jun 2020 08:22
(Sharecast News) - British bank HSBC has been rebuked by US secretary of state Mike Pompeo for supporting Hong Kong's controversial security law, calling it a "show of fealty".
Read moreSunday newspaper round-up: Pandemic, Jobs, AstraZeneca
7th Jun 2020 12:21
(Sharecast News) - Fresh evidence of China's shocking cover-up of the pandemic outbreak has been found in censored media reports from Wuhan. Samples taken from sick patients and analysed by at least five laboratories had confirmed the existence of a lethal new coronavirus before China told global health authorities about an infectious disease that it claimed was unidentified. - Mail on Sunday
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