A pedestrian walks past an HSBC advertisement in Hong Kong. Agence France-Presse
Europe's biggest bank said it had been hit by falling interest rates disruption caused by the coronavirus and political tensions between the US and China.
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
HSBC Holdings beat forecasts with a 31 per cent rise in the first quarter profit, bolstered by a surge in income from its core Asian business due to the absence of legal and regulatory expenses borne in the year-ago quarter. Reining in costs has been one of the biggest challenges for HSBC Chief Executive John Flint
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a decree overhauling foreign ownership rules of commercial companies. The first of a kind in the GCC region, the 100% ownership of the business in the UAE
Dubai Islamic Bank, DIB, rang the market-opening bell on Tuesday to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai. The Sukuk achieved a strong 5.7 times subscription rate, attracting more than 150 high-quality investors
In order to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE, the Abu Dhabi Securities Exchange (ADX) on Tuesday signed