HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
HSBC also said it will initiate a further share buy-back of up to $3 billion, which is expected to “commence shortly.”
Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
Evergrande shares hit an all-time low of 18.8 Hong Kong cents as a judge warned that it could be wound up if the firm does not present a restructuring plan.
Factories are heading for a ‘dark’ future — and it’s not what you think
Factories have been transformed by automation, with robots now taking on a sizeable proportion of jobs once done by people – lifting heavy loads, assembling parts, and more.
Oil prices slip even as Middle East tensions spike, as investors eye Fed meeting
Oil prices dipped after Israel sent ground forces into the Gaza Strip, opting for a cautious approach rather than a full-scale invasion.
G7 calls for immediate repeal of bans on Japanese food, pressing China
The G7 trade ministers, after a weekend meeting on Osaka, did not mention China but denounced what they consider its rising economic coercion through trade.
Standard Chartered-owned crypto firm Zodia launches in Hong Kong
Zodia Custody, the crypto security firm owned by British bank Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively.
CNBC Daily Open: The perfect storm
Markets are looking to wrap up a brutal month, which saw the S&P 500 and Nasdaq indexes slip into correction territory.
Asia markets mixed ahead of Japan’s BOJ decision and South Korea inflation this week
Asian markets are mixed as investors brace for key economic data later this week, including purchasing managers index from around the region
There’s a ‘game of thrones’ in AI, but these China tech giants offer real value, tech veteran says
Chinese tech giants may be reeling from the regulatory clampdowns, but clear winners are likely to emerge in the artificial intelligence space, says Dan Ives.
Missed Nvidia? Fund manager says this under-the-radar network stock is set for an AI boost
This cloud-computing and networking equipment company company gets over 40% of its revenue from Microsoft and Meta.
