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Asian Stocks Hit By Tech Rout, More Fed Cues Awaited0
- Uncategorized
- February 22, 2023
Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index, and South Korea’s KOSPI were the worst performers for the day, losing between 0.8% and
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IHG Adds $750 Million To Buyback, Raises Dividend As Travel Rebounds in 20220
- Uncategorized
- February 21, 2023
InterContinental Hotels Group (LON:IHG) said it will buy back another $750 million of stock after the post-pandemic recovery in travel allowed it to post its best results in three years. The owner of the Crowne Plaza and Holiday Inn hotel chains profited handsomely from consumers putting travel at the top of their list of priorities
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HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend0
- Uncategorized
- February 21, 2023
HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for the three months to December 31 jumped 92% to $5.2 billion,
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Raiffeisen Slumps After Confirming OFAC Request For Information On Russia Business0
- Uncategorized
- February 20, 2023
Shares in Raiffeisen Bank International (VIE:RBIV) slumped in early trade in Vienna on Monday, hurt by a report that it may be in trouble with U.S. authorities over its operations in Russia. The Austrian bank confirmed on Friday that the U.S. Office of Foreign Assets Control, an arm of the U.S. Treasury responsible for the
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