Berenberg ups target for HSBC but prefers StanChart
22nd Feb 2023 11:55
(Sharecast News) - Analysts at Berenberg hiked their target price for shares of HSBC, telling clients that the lender's guidance for net interest income appeared to be "knowingly" conservative and could be supported by non-interest income.
Read moreHSBC Q4 profits surge on global interest rate hikes
21st Feb 2023 07:03
(Sharecast News) - HSBC said quarterly profits almost doubled, driven by the rise in global interest rates, and unveiled a special dividend.
Read moreFed's Powell says message from last policy meeting was that "disinflation process" had begun
7th Feb 2023 17:49
(Sharecast News) - The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun.
Read moreAsia close: Stocks rise but analysts divided on outlook for China reopening
24th Jan 2023 10:17
(Sharecast News) - What Asian stock markets remained open over the Lunar New Year holiday were mostly higher again.
Read moreFed's Bullard argues in favour of continuing 'rapid' rate hikes
18th Jan 2023 16:41
(Sharecast News) - A top US central bank official argued in favour of hiking interest rates by 50 basis points at its next meeting to ensure that inflation would fall back to the monetary authority's 2.0% target.
Read moreJefferies upgrades HSBC to 'buy'
5th Jan 2023 10:44
(Sharecast News) - Jefferies upgraded HSBC on Thursday to 'buy' from 'hold' and hiked the price target to 770p from 574p as it said the bank was positively-geared to a re-opening in China.
Read moreChina set to ease Covid-19 restrictions
1st Dec 2022 13:25
(Sharecast News) - Officials in Beijing were set to ease their quarantine controls for Covid-19 over the next few days.
Read moreHSBC to close 114 UK branches
30th Nov 2022 12:09
(Sharecast News) - HSBC is to close a further 114 UK branches, the banking giant confirmed on Wednesday.
Read moreSector movers: Financials and Oil pace gains, China in the spotlight
29th Nov 2022 21:30
(Sharecast News) - Financials and Miners paced gains in the stock market on Tuesday following news that authorities in China wanted to strengthen vaccination rates among those over 80.
Read moreHSBC to sell Canadian business to RBC in $13.5bn deal
29th Nov 2022 11:43
(Sharecast News) - HSBC shot higher on Tuesday after agreeing to sell its Canadian business to Royal Bank of Canada in a $13.5bn cash deal.
Read morePershing Square takes out bet against Hong Kong dollar
24th Nov 2022 07:09
(Sharecast News) - US hedge fund Pershing Square Capital Management took out a bet on the Hong Kong dollar, arguing that its peg to the Greenback had outlived its usefulness.
Read moreChinese State Council urges lenders to make use of reductions in reserve ratios
24th Nov 2022 06:58
(Sharecast News) - Beijing instructed lenders to increase their financial support in order to stabilise the economy and consolidate the foundations for future growth.
Read moreChinese bank lending brakes sharply in October, Beijing reaffirms zero-Covid
10th Nov 2022 12:09
(Sharecast News) - Bank lending in the People's Republic of China plumbed its lowest level in five years last month amid ongoing Covid-19 restrictions and a slump in mortgage demand.
Read moreSunday newspaper round-up: Autumn statement, Glencore, BoE
6th Nov 2022 23:20
(Sharecast News) - The key points of the autumn statement must be submitted to the Office for Budget Responsibility by Monday morning. The Guardian understands that the Chancellor will set out tax increases and spending reductions totalling £60bn with cuts of at least £35bn. Decisions were also expected within days on whether to raise benefits in line with inflation and as regards changes to the pensions triple lock. Among the Chancellor's concerns is ensuring that the Treasury has enough 'headroom' to deal with other economic shocks and that its plans are credible to financial markets. - Guardian
Read moreChina approves BioNTech Covid vaccine for use among expatriates
4th Nov 2022 10:41
(Sharecast News) - China approved BioNTech SE's mRNA Covid-19 vaccine for use among the expatriate population in the People's Republic of China.
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