Search Results for: HSBC

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Expect 50 bps rate cut by February 2017: HSBC

HSBC Securities and Capital Markets also says inflation is likely to fall below the RBI's target of 5% by March next year.

Sep 30, 2016

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Sensex rises 69 points; Tata Steel, Bharti Airtel, Adani Ports top gainers

Tata Steel, Bharti Airtel, State Bank of India, ONGC and Adani Ports lead BSE Sensex rally.

Sep 28, 2016

IDBI Bank opts Citigroup, Credit Suisse, Deutsche Bank to manage $896 million share sale

Proceeds from the sale would help the state-run lender strengthen its balance sheet and cover for bad loans.

Sep 18, 2016

National Payments Corporation of India expands shareholding base to 56 banks

In the last six years, the umbrella organisation has grown from two million transactions a day to 25 million transactions.

Sep 13, 2016

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Yes Bank stock drops over 3% after it defers $1 billion share sale

Yes Bank has postponed its plan to sell shares worth Rs. 6,600 crore to institutional investors.

Sep 9, 2016

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Yes Bank stock slumps after private placement of shares worth $1 billion

Goldman Sachs, Edelweiss, Religare, Motilal Oswal and HSBC were some of the lender banks for the share sale.

Sep 8, 2016

Theresa May: A running commentary on EU talks would not be right

UK Prime Minister Theresa May ruled out giving a running commentary on Brexit negotiations with the EU, she told MPs at Prime Minsters Questions on 7 September. The Prime Minster was assertive on the stance after Brexit Secretary David Davis suggested the UK staying in the single market was improbable. Downing Street was quick to state Davis had been making a personal view rather than a government statement.

Sep 7, 2016

HSBC to use selfie verification to open bank accounts quickly

The new rule is intended at simplifying the process of opening a new account using a mobile phone.

Sep 6, 2016

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Weeks after exiting EU, Britain likely slipping into mild recession

According to a Reuters poll, Britain's economy would contract 0.1% this quarter and in the next, technically meeting the definition of recession.

Aug 11, 2016

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HSBC's first-half profit skids 29% on UK, Hong Kong slowdown

HSBC said that pretax profit in the half ended June slipped to $9.7 billion, down from $13.6 billion in the same period a year earlier.

Aug 3, 2016

Oil edges up on U.S. inventories, but slowing Asia weighs

Traders said that a report of a reduction in available U.S. crude oil stockpiles had been the main overnight price driver.

Jul 7, 2016

Four companies to invest in post-Brexit vote

IBTimes UK financial expert Edmund Shing recommends four companies to invest in post-Brexit.

Jun 30, 2016

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Thomas Cook suspends online currency sales; Indians stand to gain from pound devaluation

The unexpected rise in demand for euros is an outcome of panic euro buying by British people after Brexit results.

Jun 24, 2016

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Sterling, global stocks in free fall as Britain votes to exit EU

While vote counting had not been concluded, major British television networks including ITV, the BBC and Sky News all called the result as a "Leave."