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China Losses

All articles tagged with #china losses

business7 months ago•4 min saved

HSBC's profits decline 26% amid China losses, announces $3 billion buyback

HSBC's first-half profit fell 26% to $15.8 billion due to impairments from its stake in China's Bank of Communications and exposure to Hong Kong real estate, with the bank warning of potential future profit misses amid US trade tensions and ongoing restructuring efforts.

via Reuters|

#banking-restructuring #business #china-losses

business7 months ago•2 min saved

HSBC Profits Drop Amid Rising China Losses

HSBC reported a 26% drop in first-half pretax profit, primarily due to write-downs from exposures to Chinese banks and Hong Kong real estate, amid ongoing restructuring efforts and challenges in the Chinese property market.

via Yahoo Finance|

#banking #business #china-losses