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interest rate

HSBC reports 56% profit jump in 2023 but misses estimates; unveils US$2-billion new share buy-back programme, higher dividend

by Anas Siddiqui
HSBC reports 56% profit jump in 2023 but misses estimates; unveils US-billion new share buy-back programme, higher dividend

HSBC also announced a new US$2 billion share buy-back programme and a higher dividend of US$0.61 per share for the full year versus US$0.32 per share in 2022, increasing its …

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Mainland Chinese customers spent US$7.6 billion on Hong Kong insurance policies last year, but sales to fall as ‘pent-up’ demand fades: watchdog

by Anas Siddiqui
Mainland Chinese customers spent US.6 billion on Hong Kong insurance policies last year, but sales to fall as ‘pent-up’ demand fades: watchdog

“This pent-up demand will fade, so demand will return to the average level seen during the years before the pandemic. It is unlikely to go back to a peak of …

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Hong Kong’s luxury homes market shows signs of life as waves of price discounts entice some bottom fishing

by Anas Siddiqui
Hong Kong’s luxury homes market shows signs of life as waves of price discounts entice some bottom fishing

Hong Kong’s luxury home segment, which has been hit by a wave of deep discounts amid soaring interest rates and macroeconomic turbulence, has shown early signs of stability as bottom …

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Opinion | Japan’s split-screen economy: roaring stocks and shrinking GDP

by Walter Watson
Opinion | Japan’s split-screen economy: roaring stocks and shrinking GDP

The data depicts weakness in consumption, capital expenditure, public investment and home sales. The downshift in China, Japan’s top trading partner, does not augur well for exports going forward. All …

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china: China leaves key rate steady as yuan limits manoeuvring room

by Ron Morgan
china: China leaves key rate steady as yuan limits manoeuvring room

Beijing: China refrained from cutting a key policy interest rate as its central bank sought to shield the yuan from volatility, underscoring the challenges policymakers face as they try to …

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January home sales jump 22 per cent from last year’s weak start

by Anas Siddiqui
January home sales jump 22 per cent from last year’s weak start

January home sales jumped 22 per cent compared with a year ago, the largest year-over-year increase since May 2021, according to The Canadian Real Estate Association. The association says the …

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How much your bond will cost after latest interest rate announcement

by Ron Morgan
How much your bond will cost after latest interest rate announcement

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) voted to keep interest rates on hold last Thursday. FOR THE LATEST BUSINESS NEWS VISIT THE SOUTH AFRICAN WEBSITE As …

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REMINDER: Interest rate announcement TOMORROW

by Anas Siddiqui
REMINDER: Interest rate announcement TOMORROW

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) voted to keep interest rates on hold on Thursday. FOR THE LATEST BUSINESS NEWS VISIT THE SOUTH AFRICAN WEBSITE As …

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REMINDER: Interest rate announcement TOMORROW

by Anas Siddiqui
REMINDER: Interest rate announcement TOMORROW

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will sit for its first meeting of the new year on Thursday, 25 January. FOR THE LATEST BUSINESS NEWS VISIT …

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Businesses need to pay CEBA loans or lose free money — because the deadline isn’t changing

by Anas Siddiqui
Businesses need to pay CEBA loans or lose free money — because the deadline isn’t changing

Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, …

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