HSBC to launch custody services for tokenized securities
HSBC is the largest bank in Europe by total assets. Nicolas Economou | Nurphoto | Getty Images HSBC on Wednesday announced it will offer custody services for tokenized securities, making…
Illegal or road to greatness?
Indians currently work an average of 47.7 hours a week, according to the International Labour Organization. Gcshutter | E+ | Getty Images Infosys founder Narayana Murthy recently sparked a controversy…
profit after tax surges over 235% year-on-year
Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the…
One sector in China is getting the money and growth. Stocks to play it
An issue that’s frequently come up in my five years in China is how hard it is for many businesses to get a loan. That’s partly because the big banks…
Metro Bank expected to struggle to raise capital with ‘no easy solutions’
The U.K.’s embattled Metro Bank has launched talks to sell a third of its mortgage book in an urgent attempt to shore up its balance sheet. Matthew Horwood | Getty…
JPMorgan Chase UK shouldn’t ‘deplatform’ crypto industry
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images…
Durian demand has soared 400%, fueled by China’s ‘craze’ for the fruit
Different varieties of durian fruits on display at a durian stall in Petaling Jaya, Selangor, Malaysia,. Bloomberg | Bloomberg | Getty Images Some say it’s sticky-sweet, others say it smells…
Hong Kong’s benchmark Hang Seng index closes in bear market territory
People standing in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms…
Alibaba is doubling down on A.I. — Chinese stocks to watch
Chinese e-commerce giant Alibaba is declaring a new era. “We believe the growth opportunity driven by AI services have just begun,” management said in a conference call with analysts Thursday.…
HSBC Q2 earnings beat forecast, announces $2 billion share buyback
An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down…