HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations Europe’s largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. The bank also announced a share buyback of $3 billion. It reported profit before tax for the three months ended June of $6.3 billion, down 29% from …
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Asia markets start Tuesday trading in the red Asia markets started the trading day lower. Japan’s benchmark Nikkei 225 fell 0.61%, while the Topix lost 0.76%. South Korea’s Kospi fell 1.09%, and the small-cap Kosdaq slipped 0.88%. Australia’s S&P/ASX 200 lost 0.42%. —Lee Ying Shan Opening calls Good morning from Singapore. Asia markets are poised for a weaker open. Japan’s benchmark Nikkei 225 was set to open lower, …
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Read More »Where’s the inflation from tariffs? What stocks and earnings tell us about rising prices with June CPI on deck. MarketWatch Global Economy: US Inflation to Pick Up on More Tariff Pass-Through Bloomberg Week Ahead for FX, Bonds: U.S. Inflation Data in Focus The Wall Street Journal June CPI Report To Show First Signs Of Tariff-Related Inflation Seeking Alpha June Inflation Report Will Show Impact …
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