Finance

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.

Russia, China tone down G20 text on geopolitical tensions

Russia and China watered down a communique being drafted by heads of the Group of 20 major economies on Friday to remove a reference to “current” geopolitical tensions clouding the global economic outlook, sources at the talks said.

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.

Russia, China tone down G20 text on geopolitical tensions

Russia and China watered down a communique being drafted by heads of the Group of 20 major economies on Friday to remove a reference to “current” geopolitical tensions clouding the global economic outlook, sources at the talks said.

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