HSBC announces share buyback of up to $3 billion as first-quarter results top expectations

Readers, today we are moving to Hong Kong’s vibrant financial world, where HSBC has announced that its stake in the Communications Bank (BOCOM) will be reduced from 19.03% to about 16%. This move is due to the Chinese bank’s capital collection through private stock placement. According to the original report, this operation will result in a loss of up to $1.6 billion for HSBC. China’s economic boost In early March, four of China’s largest banks,…

Tariff impact grows as companies’ steps to soften blow fades: Deloitte - National

Deloitte Canada's chief economist says a modest downturn is ahead for Canada, while a loss of free-trade access to the United States would create a more permanent hit.

HSBC sounds Trump tariff alarm, taking shine off first-quarter profit beat, share buyback

Europe’s largest bank unveiled a new US$3-billion share buyback as it reported first quarter profit before tax of US$9.5-billion compared with US$12.7-billion a year earlier

HSBC plans multibillion share buyback as profits drop in first quarter

HSBC has announced a multibillion-dollar share buyback plan despite a decline in profits and revenue. The bank stated that economic uncertainties are weighing on business growth, expecting a low single-digit percentage direct impact on group revenue.View on euronews

HSBC launches $3 billion buyback after Q1 profit drop

HSBC has launched a $3 billion share buyback after reporting a 25% fall in first-quarter profit, and warned of a possible hit to loan demand and credit quality in the face of US President Donald Trump's global trade war.

HSBC Q1 profit drops 25%; launches US$3 billion buyback

The bank reported US$900 million in expected credit losses for the quarter to reflect heightened economic uncertainty. Read more at straitstimes.com.