BEBA says 2026 London mission met objectives, strengthens UK-Egypt ties
The British Egyptian Business Association (BEBA) 2026 London mission, held on 3-5 June, achieved its objective of…
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Egypt showcases investment opportunities, reform progress at BEBA UK mission
Egypt highlighted this week investment opportunities and progress in economic reforms at the "Egypt Future:…
Egypt’s central bank deputy governor reaffirms FX stability stance in London investor…
Egypt’s central bank is focused on maintaining exchange-rate stability and strengthening investor confidence,…
GAFI, HSBC partner to promote Egypt’s opportunities abroad
Egypt’s General Authority for Investment and Free Zones (GAFI) is collaborating with HSBC Egypt to promote the…
India’s factory growth hits 17-yr high in Aug ’25 – PMI
India’s factory activity expanded in August 2025 with the HSBC Manufacturing Purchasing Managers’ Index (PMI)…
India’s business activity hits 14-m high in June — PMI
India's private sector experienced strong growth in June 2025, with business activity increasing at the fastest…
India’s services sector maintains strong growth in May ’25 – PMI
India’s services sector continued to expand in May, with the seasonally adjusted HSBC India Services PMI Business…
PMI: India’s manufacturing growth eases slightly in May
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from…
Oil prices drops on Wednesday
Oil prices fell by about 1 per cent on Wednesday as escalating US-China trade tensions heightened concerns over…
HSBC raises China GDP growth outlook for 2025, 2026
HSBC revised its economic outlook for China on Tuesday, raising its GDP growth forecast for 2025 to 4.8 per cent…
Egypt issues senior unsecured notes with JP Morgan as stabilisation coordinator
JP Morgan Securities PLC announced on Tuesday its role as the Stabilisation Coordinator for Egypt’s latest bond…
European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
HSBC pledges support for Egypt’s ambitious economic growth plans
HSBC is positioning itself to play a key role in supporting Egypt’s economic initiatives, offering expertise in…
HSBC to lower prime lending rate in H. Kong
HSBC Holdings announced on Thursday that it will reduce its prime lending rate in Hong Kong by 12.5 basis points to…
IFC, HSBC launch $1b trade finance facility
The International Finance Corporation (IFC) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have…
HSBC faces €31.7m penalty after EU court decision
HSBC has lost its challenge against a 31.7 million euro ($33.4 million) fine imposed by the European Union (EU) for…
BNP Paribas signs deal to acquire HSBC’s German private banking unit
BNP Paribas announced on Monday it had signed an agreement to acquire HSBC's private banking activities in Germany.
BNY Mellon, HSBC express optimism for Egypt’s economy at BEBA mission
The Bank of New York Mellon Corp. (BNY) praised on Friday Egypt's new ministerial economic group for their…
HSBC considers merging commercial, investment banking to reduce costs
HSBC is exploring the possibility of combining its Commercial and Investment banking divisions to streamline…
WB raises $6.5b in record sustainable bond deal
The World Bank has raised $6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its…
World Bank issues $225m Amazon reforestation bond
The World Bank has successfully priced a groundbreaking 9-year, $225 million Amazon Reforestation-Linked Bond,…
UK banks can be wound down without public funds – BoE
The Bank of England (BoE) announced on Tuesday that Britain's top eight banks, including HSBC, Barclays, Lloyds,…
World Bank kicks off FY25 with $2.7b in sustainable bonds tied to SOFR rate
The World Bank initiated its fiscal year 2025 US Dollar Benchmark Programme by pricing two Sustainable Development…
India’s service activity expands to 60.5 in June – PMI
The HSBC India Services Business Activity Index rose to 60.5, indicating a sharp expansion in output.
UBS expands ME wealth management team with 10 hires
UBS announced on Tuesday the strengthening of its wealth management team in the Middle East with the addition of 10…
HSBC acquires China’s Citigroup’s consumer wealth portfolio
HSBC boosts its presence in mainland China by acquiring Citigroup's consumer wealth portfolio, adding over 300…
China’s CITIC cuts banker pay at CLSA
China's CITIC Securities is slashing base salaries for over 100 bankers at its Hong Kong-based platform, CLSA.
Aramco launches $10b offering
Saudi Arabia is set to launch a secondary offering of Aramco shares, aiming to raise over $10 billion, potentially…
Expobank completes sale of HSBC’s Russian operations
HSBC has finalised the sale of its Russian unit to Expobank, ending two years of negotiations, Reuters reported on…
India’s business activity booms in April
Indian businesses are seeing a significant increase in activity, with the fastest growth in almost 14 years…
HSBC plans to cut another 20 jobs in Asia
HSBC is reportedly expanding its investment banking job cuts in Asia, with plans to eliminate an additional 20…
India’s factory activity hits 16-year high in March
India's manufacturing industry experienced robust growth in March, reaching its highest level in 16 years due to…
HSBC doubles CEO pay despite Q4 profits fall
HSBC has nearly doubled the pay of its CEO, Noel Quinn, to £10.6 million, up from £5.6 million in 2022, despite a…
Australia’s CBA attracts funds leaving China despite profit outlook
Australia's largest bank, Commonwealth Bank’s (CBA) stock surged 20 per cent since November, driven by investors…
HSBC faces £57mln penalty for depositor protection violations
The Bank of England’s Prudential Regulation Authority (PRA) imposed a fine of £57.4 million ($73 million) on HSBC…
Sustainability Forum Middle East 2024 for Net-Zero transition
The second edition of the Sustainability Forum Middle East (SFME) is ready to kick off on January 8–9 in the…
COP28: Abu Dhabi hosts Global Climate Finance Centre
Abu Dhabi is hosting the new Global Climate Finance Centre (GCFC) at the Abu Dhabi Global Markets (ADGM) in…
HSBC to finance climate tech startups with $1bln
HSBC bank today declared that it will offer $1 billion fund to early-stage climate tech companies around the world,…
HSBC Oman merges with Sohar International Bank
HSBC Bank Oman merged with Sohar International Bank of Oman on Thursday, according to Muscat Stock Exchange (MSX).
HSBC to shut down New Zealand wealth, personal banking business
HSBC is shutting down its wealth and personal banking operations in New Zealand, as it shifts its focus on Asian…