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HSBC-PRA
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ADQ - UAE NEW CORPORATE TAX REGIME WILL IMPACT THE GROUP’S FINANCIAL STATEMENTS FROM 1 JANUARY 2024 ADQ UNLESS ADQ OR ANY OF ITS UAE SUBSIDIARIES BEING SPECIFICALLY EXEMPTED BY A CABINET DECISION
Reuters · 4h ago
ADQ- SUBJECT TO THE APPROVAL OF THE BOARD, ADQ EXPECTS TO CONTINUE TO DECLARE AND PAY DIVIDENDS IN THE FUTURE BUT DOES NOT CURRENTLY HAVE A FORMAL DIVIDEND POLICY
Reuters · 4h ago
LIVE MARKETS-"FOMO" drives China stock rally
"FOMO" drives China stock rally as investors rush to China's ailing stock market. Hong Kong's Hang Seng Index rose 0.5% on Monday after its best week since October 2011. Foreign investors purchased a record $3.09 billion in Chinese A-shares on Friday.
Reuters · 5h ago
UPDATE 1-Travel firm Viking seeks to raise about $1.33 bln in upsized US IPO
Travel firm Viking Holdings seeks to raise up to $1.33 bln in upsized US IPO. The company and existing shareholders plan to sell 53 million shares in the IPO. Viking continues to seek a valuation of up to $10.8 billion. U.S. IPOs are expected to rebound in 2024.
Reuters · 7h ago
UPDATE 3-Abu Dhabi publishes ADQ financials for first time ahead of bond sale
Abu Dhabi publishes ADQ financials for first time ahead of bond sale. Sovereign wealth fund ADQ is pursuing a debt sale to help diversify funding sources for future acquisitions. Abu Dhabi has hired banks for a dual-tranche dollar denominated inaugural bond. The fund is the smallest of the emirate's three main sovereign wealth funds.
Reuters · 12h ago
Abu Dhabi sovereign fund ADQ picks banks for two-part bond sale, IFR reports
Abu Dhabi sovereign fund ADQ picks banks for two-part bond sale, IFR reports. Abu Dhabi Developmental Holding has hired banks to arrange investor meetings ahead of debut U.S. Dollar denominated double tranche bond offering. The fund has picked Citigroup, Credit Agricole, Goldman Sachs and Standard Chartered.
Reuters · 13h ago
UPDATE 3-First Citizens profit beats estimates as Silicon Valley Bank stabilizes
First Citizens profit beats estimates as Silicon Valley Bank stabilizes in first quarter. Shares surged almost 10% in afternoon trading. The lender earned higher interest income and started seeing benefits of its acquisition of failed SVB last year. SVB's loans steadied at $55 billion for the first time since acquisition.
Reuters · 4d ago
SVB-owner First Citizens' profit beats estimates on interest income strength
SVB-owner First Citizens' profit beats estimates on interest income strength. First Citizens BancShares' first-quarter profit beat expectations as lender earned higher interest income. The lender has been boosted by its acquisition of Silicon Valley Bank last year. The bank's interest income more than doubled from a year earlier to $1.82 billion.
Reuters · 4d ago
HSBC says growing Chinese wealth fuels client investments in US
HSBC says growing Chinese wealth fuels client investments in the U.S. HSBC manages around $1.8 trillion from wealthy clients in China and Hong Kong. The bank's CEO says wealthy Chinese citizens are focused on overseas investments. HSBC bought Citigroup's consumer wealth business in China last year.
Reuters · 5d ago
UPDATE 3-UK gets over 90 billion pounds of orders for 30-year bond
UK gets over 90 billion pounds of orders for 30-year bond sale. Orders for July 2054 gilt look to offer record-high yield for a gilt sold via syndication. Highest levels of demand on record for a British government bond sold in a syndicated sale. 6.75 billion pounds sold of benchmark 30- year British government debt.
Reuters · 5d ago
UPDATE 5-UK sells 30-year bond at record-high yield as prices slide
UK sells 6.75 billion pounds of 30-year bond at record-high yield as prices slide. Investors placed third-highest volume of orders on record for a gilt syndication. The sale took place against the backdrop of a slide in government bond prices. The yield on the bond reached a five-month high of 4.806% on Wednesday.
Reuters · 5d ago
RPT-COLUMN-Has Wall Street peaked too early?: McGeever
Jamie McGeever says Wall Street's recent 5% mini-correction may have peaked too early. He says stocks face higher earnings and interest rate hurdles in the second half of the year. The S&P 500 index retreated 5.5% from its all-time high on March 28. But the U.S. Exceptionalism is alive and well, he says.
Reuters · 6d ago
COLUMN-Has Wall Street peaked too early this year?: McGeever
Jamie McGeever: Wall Street's recent 5% mini-correction may have peaked too early this year. He says stocks face higher earnings and interest rate hurdles in the second half of the year. The S&P 500 index retreated 5.5% from its all-time high of 5,264.85 points on March 28. But he says the U.S. Exceptionalism is alive and well and the market will recover. Mc geever says the biggest risk this year is higher interest rates and inflation.
Reuters · 6d ago
UPDATE 3-Abu Dhabi returns to debt markets with $5 billion bond sale
Abu Dhabi returns to debt markets with $5 billion bond sale. The emirate sold three-part bonds for the fist time in three years. Abu Dhabi holds more than 90% of the UAE's oil reserves. It had $37.8 billion in outstanding bonds as of Dec. 31.
Reuters · 6d ago
UPDATE 3-Travel firm Viking aims for up to $10.8 bln valuation in US IPO
Travel firm Viking Holdings aims for up to $10.8 bln valuation in US IPO in the United States. The company is targeting a range between $21 and $25 per share in the IPO. Viking joins a slew of companies looking to take advantage of a rebound in the capital market.
Reuters · 04/22 11:00
ANALYSIS-Souring China dreams force Western financial firms to cut costs
Western financial firms have sharply cut China-focused jobs or have shelved expansion plans. Growing doubts grow about China's economic recovery and lacklustre asset generation. A growing list of Western financial firms are cutting costs in China. The souring of the China allure for Western firms is forcing them to cut costs in the country.
Reuters · 04/22 07:39
PRECIOUS-Gold on track for weekly rise as Middle East risks loom
Gold on track for weekly rise as Middle East risks loom Tehran plays down suspected attack by Israel Gold up over 2% for the week Platinum, palladium down for the weekend. Spot gold prices up 0.7% on Friday and 2.2% this week. Fears of retaliation between Iran and Israel triggered safe-haven demand.
Reuters · 04/19 13:42
BUZZ-Australia's Genetic Technologies tumbles on discounted placement in US
Shares of Genetic Technologies GTG.AX fall as much as 25.7% to A$0.130. Stock hits its lowest level since April 4. Molecular diagnostics co announces a $2 mln direct offering for its American depository shares in U.S.
Reuters · 04/19 04:23
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 04/18 14:59
WRAPUP 4-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week. The cuts come amid a slowdown in dealmaking and sluggish markets in China and Hong Kong. Morgan Stanley is cutting at least 50 jobs in Asia Pacific this week, sources say. HSBC is expected to cut around 30 dealmakers in the region.
Reuters · 04/17 11:42
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About HSBC-PRA
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. RBWM business offers Retail Banking, Wealth Management, Asset Management and Insurance. CMB services include working capital, term loans, payment services and international trade facilitation, among other services, as well as expertise in mergers and acquisitions, and access to financial markets. GB&M supports government, corporate and institutional clients across the world. GPB's products and services include Investment Management, Private Wealth Solutions, and a range of Private Banking services.