Finance

EU unlikely to cut Russia off SWIFT for now, sources say

The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.

Hybrid work trend drives PC maker Lenovo’s Q3 profit to record high

Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group (0992.HK), the world’s biggest maker of personal computers said on Wednesday, as the growing popularity of hybrid work arrangements boosts demand for PCs.

U.S. to hold its biggest offshore wind auction

The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.

HSBC boosts profitability goal on higher rates, profit doubling

HSBC (HSBA.L) brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans from the COVID-19 pandemic failed to materialise, and it pointed to rising interest rates lifting its income.

EU unlikely to cut Russia off SWIFT for now, sources say

The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.

Hybrid work trend drives PC maker Lenovo’s Q3 profit to record high

Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group (0992.HK), the world’s biggest maker of personal computers said on Wednesday, as the growing popularity of hybrid work arrangements boosts demand for PCs.

U.S. to hold its biggest offshore wind auction

The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.

HSBC boosts profitability goal on higher rates, profit doubling

HSBC (HSBA.L) brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans from the COVID-19 pandemic failed to materialise, and it pointed to rising interest rates lifting its income.

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