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HSBC’s record annual profit marred by US$3 billion China hit; shares slide
HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion charge on its stake in a Chinese bank amid mounting…
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HSBC Reports ‘Record Profit’ Of $30.3 Bn In 2023
HSBC said Wednesday it achieved “record profit” in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The Asia-focused lender and…
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Europe: Shares slip on miners, energy drag; France’s Air Liquide hits record high
EUROPE’S benchmark stock index snapped a four-day winning streak on Tuesday, weighed down by basic resources and energy stocks, while French industrial gases firm Air Liquide jumped to an all-time…
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Record Japan profits show Nikkei is primed for all-time high
JAPANESE companies have logged record quarterly profits in the three months that ended in December, underpinning the Nikkei 225’s advance to near a historic peak. Net income at Topix 500…
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Malaysian ringgit within a whisker of its 1998 record low
THE ongoing slide in the ringgit puts it a whisker away from a record low, and continued weakness in Malaysia’s exports as well as US dollar strength may just push…
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Europe: French, German stocks sprint to record high on earnings cheer
EUROPEAN shares rose on Thursday (Feb 15) as upbeat corporate earnings pushed French and German stocks to a record high, while investors assessed comments by European Central Bank (ECB) president…
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China Urges Firms Not To Be ‘Blinded By Lies’ Over Xinjiang Rights Record
China on Thursday urged companies not to be “blinded by lies” about its rights record in Xinjiang, after German automaker Volkswagen said it was discussing the future of its activities…
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Chip giant TSMC helps power Taiwan’s stock index to record high
TAIWAN’S stock index hit a record high on Thursday (Feb 15), fuelled by a surge in tech titan Taiwan Semiconductor Manufacturing Company (TSMC) after it reported strong sales that lifted…
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UniCredit set to boost bonus pool by 16% after record year
UNICREDIT is poised to increase its overall bonus pool for last year by about 16 per cent, after the Italian lender posted a record profit and increased shareholder returns. The…
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Paramount to cut 800 jobs days after record Super Bowl
PARAMOUNT Global is letting go of about 800 staffers days after the company’s coverage of the Super Bowl set a record for the most-watched programme in US television history, according…
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US: Dow ends at record on mixed day for stocks
THE Dow pushed to a fresh record on Monday on a mixed day for Wall Street as markets awaited key inflation data that will influence US monetary policy. Tuesday’s consumer…
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How Did Kelvin Kiptum Die? World Marathon Record Holder Dies in Horrific Car Crash in Kenya Alongside Coach as Tributes Pour In
Marathon world record holder Kelvin Kiptum died aged 24 in a car accident in his home country of Kenya on Sunday. His coach, Gervais Hakizimana from Rwanda, was also killed…
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BASF to exit joint ventures in China’s Xinjiang amid rights record scrutiny
BASF said on Friday (Feb 9) that it would sell its stakes in two joint ventures in the Chinese region of Xinjiang, where human rights groups have documented abuses including…
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Hermes Celebrates Record Profit With Staff Bonuses
French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last…
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China January new bank loans hit record high on policy support
NEW bank loans in China jumped by more than expected to an all-time high in January, as the central bank moves to shore up the sputtering economy. Policymakers have pledged…
