HSBC Holdings PLC

How a Schroders fund manager doubled returns on a ‘rubbish’ stock in 3 months
World

How a Schroders fund manager doubled returns on a ‘rubbish’ stock in 3 months

No stock is off the table for Simon Adler, a value investor at Schroders. “We are happy to buy the worst business you have ever conceived, provided it is cheap enough,” Adler told the Value Investor conference of fund managers in London on Wednesday. Adler co-manages the Global Recovery, Global Income and Global Sustainable Value […]

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Anthropic closes .5 billion credit facility as Wall Street continues plunging money into AI boom
World

Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom

Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025. Gerry Miller | CNBC Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry. Anthropic, founded […]

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European stocks open higher on China-U.S. optimism
World

European stocks open higher on China-U.S. optimism

European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]

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Standard Chartered beats first-quarter profit expectations on strong growth in wealth management
World

Standard Chartered beats first-quarter profit expectations on strong growth in wealth management

Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Friday beat first-quarter profit expectations on the back of strong growth in its wealth management, global markets, and global banking businesses. The bank’s reported profit before taxation for the three months ended in March was $2.103 billion, up from […]

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Europe stocks open higher amid earnings deluge; autos gain on tariff hopes
World

Europe stocks open higher amid earnings deluge; autos gain on tariff hopes

European stock markets opened higher on Wednesday, as investors pored through another slew of earnings along with euro zone economic growth data. The Stoxx 600 index was up 0.44% at 8:08 a.m. in London after notching a sixth straight positive session on Tuesday, extending its longest winning streak since January. The U.K.’s FTSE 100 meanwhile closed higher […]

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British bank Barclays reports profit beat in the first quarter
Finance

British bank Barclays reports profit beat in the first quarter

16 September 2023, USA, New York: The Barclays Bank logo, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images British bank Barclays on Wednesday reported slight beats on the top and bottom line, boosted by stronger investment bank performance. Pre-tax profit came in at £2.7 billion ($3.6 billion) over the March quarter, compared […]

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Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
World

Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings

AstraZeneca shares fall despite earnings growth AstraZeneca’s production plant in Snackviken, Sweden. Roland Magnusson | iStock Editorial | Getty Images British pharmaceutical giant AstraZeneca was 4% lower shortly after the opening bell, after the company posted its first-quarter earnings update. On Tuesday morning, AstraZeneca reported a 10% year-on-year rise in total revenue, which hit $13.59 […]

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CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs
World

CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs

A Dollar Store on April 1, 2024, in Lansing, Michigan, U.S. Spencer Platt | Getty Images News | Getty Images Tariffs unleashed — and temporarily, almost capriciously, paused — by U.S. President Donald Trump have given governments across the world a headache as they figure out how to minimize disruptions to their economies. But the […]

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

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

Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking and financial services organisation. HSBCs international network comprises around 7,500 offices in over 80 countries globally. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images Europe’s largest lender […]

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Europe markets set to open higher; Italy’s Mediobanca makes .2 billion bid for Banca Generali
World

Europe markets set to open higher; Italy’s Mediobanca makes $7.2 billion bid for Banca Generali

Mediobanca puts in $7.2 billion takeover offer for Banca Generali The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Italian lender Mediobanca on Monday made a public 6.3 billion euro ($7.17 billion) offer to buy domestic peer Banca Generali as it seeks […]

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