Financial News
HSBC warns of ‘challenging’ outlook as profit falls
HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead. Europe's largest bank…
Hong Kong enters recession as protests show no sign of relenting
Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and…
Greece welcomes upgrade by Standard and Poor’s
Greece on Saturday welcomed its foreign debt rating upgrade by Standard and Poor’s as proof of further growth after a nearly decade-long…
S&P says it could cut UK rating after no-deal Brexit
Ratings agency Standard & Poor’s said it would cut Britain’s AA credit rating if the country leaves the European Union without a…
Microsoft beats profit estimates
Microsoft Corp beat analysts’ quarterly profit estimates, but growth in its Azure cloud computing platform slowed from a year earlier. The software…
Facebook’s Zuckerberg grilled in US Congress over ‘risky’ Libra
Facebook Inc CEO Mark Zuckerberg conceded that the company's planned digital currency Libra was a "risky project," but sought to reassure sceptical…
British pound drops after Northern Ireland’s DUP says cannot back Brexit deal
The British pound skidded on Thursday after Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal as it…
Mastercard, Visa and eBay quit Facebook’s proposed Libra global digital currency group
Facebook's proposed global digital currency has suffered a setback after major payment companies including Mastercard, Visa and eBay pulled out. Stripe and…
Bank of England unveils new £20 note
The new 20-pound note was unveiled at the Turner Contemporary Museum in Margate, Britain. The 20-pound note is Britain's most common, and…
Italian tax evaders to have assets seized like Mafia members
A measure in a draft of a fiscal decree set to be linked to the government's 2020 budget bill would enable the…
Pound falls as doubts grow over chances of last-minute Brexit deal
Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer…
Bank analyst says Romania’s industry is in recession
Romania’s industry “undergoes recession”, Raiffeisen Bank’s chief economist Ionut Dumitru said at a conference, adding that other sectors perform comparatively better. The…