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HSBC

HSBC lowers Brent price forecasts on trade tensions, sluggish oil demand

HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction...

Published 15 Apr, 2025 04:36pm

Markets

HSBC explores private credit push, sources say

LONDON: HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the...

Published 11 Apr, 2025 05:46pm

Business & Finance

HSBC mulls outsourcing some fixed income trading: Bloomberg

LONDON: HSBC is considering outsourcing some of its fixed income trading order flow to a third-party firm, Bloomberg...

Published 26 Mar, 2025 08:03am

Business & Finance

HSBC downgrades US stocks, turns bullish on European equities

HSBC on Monday downgraded U.S. equities, citing uncertainty around tariffs, while turned bullish on European stocks...

Published 10 Mar, 2025 04:39pm

Business & Finance

HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say

HONG KONG: HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900...

Published 27 Feb, 2025 04:43pm

Business & Finance

HSBC delays net-zero emissions target by 20 years

LONDON: HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of ...

Published 24 Feb, 2025 06:23am

Business & Finance

HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns

HONG KONG: HSBC posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and...

Published 19 Feb, 2025 10:33am

Business & Finance

HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says

HONG KONG: HSBC, has laid off around 40 investment bankers in Hong Kong as part of the bank’s global restructuring,...

Published 18 Feb, 2025 08:40am

Business & Finance

HSBC investors back CEO’s investment banking retrenchment

LONDON/HONG KONG: Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as...

Published 17 Feb, 2025 08:05am

Business & Finance

South Korean court clears HSBC on charges of violating short-selling rules, Yonhap reports

SEOUL: A South Korean court on Tuesday acquitted HSBC on charges of violating the country’s short-selling rules, the...

Published 11 Feb, 2025 12:30pm

World

Growth in India services sector slows to more than 2-year low in Jan, PMI shows

BENGALURU: Growth in India’s dominant services sector was the slowest in over two years in January amid cooling...

Published 05 Feb, 2025 11:46am

Business & Finance

HSBC’s global brand in the balance as it doubles down on Asia bet

LONDON: HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British...

Published 29 Jan, 2025 08:15am

Business & Finance

HSBC forecasts Vietnam 2025 GDP growth at 6.5%, inflation at 3.0%

HANOI: Vietnam’s gross domestic product is forecast to grow 6.5% this year, compared with 7.09% last year, with...

Published 13 Jan, 2025 02:10pm

Business & Finance

India’s economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

BENGALURU: India’s private sector output grew at the fastest pace in four months, preliminary readings from a survey...

Published 16 Dec, 2024 10:55am

Business & Finance

HSBC, World Bank’s IFC launch $1bn trade finance programme for emerging markets

HONG KONG: HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade...

Published 16 Dec, 2024 06:08am

Business & Finance

Retail customers: HSBC stops processing Russia payments

LONDON: HSBC has stopped processing all payments from Russia or Belarus for personal banking customers, the bank ...

Published 23 Nov, 2024 06:19am

Business & Finance

HSBC books 10% profit rise for third quarter, launches $3bn buyback

HONG KONG/LONDON: HSBC Holdings posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as...

Published 29 Oct, 2024 10:03am

Business & Finance

HSBC mulls up to $300mn cost-cutting plan, targeting senior roles, says FT

HSBC CEO Georges Elhedery is weighing cost-cutting measures that could save up to $300 million, targeting its senior...

Published 10 Oct, 2024 12:21pm

Life & Style

London’s Canary Wharf sets sights on hotels to fill empty offices

LONDON: London’s Canary Wharf financial district wants to convert swathes of empty office space into other uses...

Published 02 Oct, 2024 02:35pm

Markets

European shares end higher, Commerzbank dips

PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more...

Published 24 Sep, 2024 03:28am

Business & Finance

HSBC to cut best lending rate in Hong Kong by 25 bps to 5.625%

HONG KONG: HSBC Holdings said it was cutting its best lending rate in Hong Kong by 25 basis points to 5.625% from...

Published 19 Sep, 2024 10:18am

Markets

China shares extend losses, Hong Kong rises

SHANGHAI: Mainland China’s shares extended losses to end lower on Friday as investors squared their books for the...

Published 14 Sep, 2024 06:31am

Business & Finance

UAE’s ADCB plans to sell $500 million in tier 2 capital securities

UAE’s third largest lender Abu Dhabi Commercial Bank has hired banks to arrange investor meetings for the sale of US...

Published 02 Sep, 2024 12:21pm

Business & Finance

India’s factory activity growth hits three-month low, PMI shows

BENGALURU: India’s manufacturing activity growth eased to a three-month low in August as demand softened...

Published 02 Sep, 2024 10:33am

Business & Finance

HSBC records $21.6 billion pre-tax profit in first half 2024

HONG KONG: Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6...

Published 31 Jul, 2024 09:49am

Markets

Europe’s STOXX 600 gains as earnings flourish

PARIS: European shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the...

Published 31 Jul, 2024 06:50am

Business & Finance

HSBC Chief Executive Quinn to retire

HONG KONG: HSBC said Chief Executive Noel Quinn will retire, a surprise departure from the Asia-focused bank he has...

Published 30 Apr, 2024 10:00am

Business & Finance

Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs

HONG KONG: Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week,...

Published 22 Apr, 2024 04:39am

Markets

Gold slips from record levels after hot US inflation data

Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a...

Updated 11 Apr, 2024 10:44am

Business & Finance

HSBC to hire almost 50 bankers for startup, venture lending in US

NEW YORK: HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to startup companies,...

Published 22 Mar, 2024 04:57am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	280.70
USD PKR Interbank Buying / Apr 18	280.45
USD to Japanese Yen / Apr 18	142.18
USD to Swiss Franc / Apr 18	0.82
Pound Sterling to USD / Apr 18	1.33
Euro to USD / Apr 18	1.14
UK LIBOR % / Apr 18	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
India Sensex / Apr 17	78,553.20
Nasdaq / Apr 17	16,286.45
Hang Seng / Apr 17	21,395.14
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
Tokyo Nikkei / Apr 18	34,730.28

Item	Value
Crude Oil USD/Barrel / Apr 18	64.68
Karachi Cotton PKR/37.32 KG / Apr 18	16,985
Gold 10 Grams PKR / Apr 18	299,811
Gold Spot USD/Ounce / Apr 18	3,326.85
Cotton US¢/pound / Apr 18	67.13
Petrol/Litre / Apr 21	254.63
Diesel/Litre / Apr 21	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 18 PICIC Insurance Limited(PIL)	3.44 ▲ 0.99 (40.41%)
Universal Ins. / Apr 18 The Universal Insurance Company Limited(UVIC)	10.36 ▲ 0.99 (10.57%)
Oilboy Energy / Apr 18 Oilboy Energy Limited(OBOY)	10.91 ▲ 1 (10.09%)
Popular Islamic / Apr 18 Popular Islamic Modaraba(PIM)	13.70 ▲ 1.25 (10.04%)
Safe Mix Con.Lt / Apr 18 Safe Mix Concrete Limited(SMCPL)	18.11 ▲ 1.65 (10.02%)
Bunnys Limited / Apr 18 Bunnys Limited(BNL)	26.91 ▲ 2.45 (10.02%)
Nimir Resins / Apr 18 Nimir Resins Limited(NRSL)	46.70 ▲ 4.25 (10.01%)
At-Tahur Ltd. / Apr 18 At-Tahur Limited(PREMA)	63.90 ▲ 5.81 (10%)
Bawany Air Products / Apr 18 Bawany Air Products Limited(BAPL)	35.63 ▲ 3.24 (10%)
Sunrays Textile / Apr 18 Sunrays Textile Mills Limited(SUTM)	97.10 ▲ 8.83 (10%)

Stock	Price
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	0.64 ▼ -0.43 (-40.19%)
Shaheen Ins. / Apr 18 Shaheen Insurance Company Limited(SHNI)	5.84 ▼ -1.33 (-18.55%)
Century Ins. / Apr 18 Century Insurance Company Limited(CENI)	41.25 ▼ -8.57 (-17.2%)
Escorts Bank / Apr 18 Escorts Investment Bank Limited(ESBL)	5.86 ▼ -0.98 (-14.33%)
Sec. Inv. Bank / Apr 18 Security Investment Bank Limited(SIBL)	9.50 ▼ -1.55 (-14.03%)
Habib Ins. / Apr 18 Habib Insurance Company Limited(HICL)	6.92 ▼ -0.69 (-9.07%)
Gulshan Sp. / Apr 18 Gulshan Spinning Mills Limited(GSPM)	3.18 ▼ -0.3 (-8.62%)
Trust Sec.& Brok. / Apr 18 Trust Securities & Brokerage Limited(TSBL)	12.87 ▼ -1.1 (-7.87%)
First Fid. Leasing / Apr 18 First Fidelity Leasing Modaraba(FFLM)	2 ▼ -0.16 (-7.41%)
Zephyr Textile / Apr 18 Zephyr Textiles Limited(ZTL)	11.56 ▼ -0.92 (-7.37%)

Stock	Volume
Sui South Gas / Apr 18 Sui Southern Gas Company Limited(SSGC)	38,238,255 ▲ 1.64
Pak Int.Bulk / Apr 18 Pakistan International Bulk Terminal(PIBTL)	30,965,499 ▲ 0.18
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	22,907,790 ▲ 0.09
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	17,544,373 ▲ 0.01
Maple Leaf Cement / Apr 18 Maple Leaf Cement Factory Limited(MLCF)	12,813,509 ▲ 0.94
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	11,614,194 ▲ 0
Pak Elektron / Apr 18 Pak Elektron Limited(PAEL)	10,998,433 ▼ -0.42
Habib Bank / Apr 18 Habib Bank Limited(HBL)	9,362,714 ▼ -5.52
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	9,098,065 ▼ -0.43
B.O.Punjab / Apr 18 The Bank of Punjab(BOP)	8,925,360 ▼ -0.09

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