The Latest Breaking News from HSBC

₹4 lakh crore rally, ₹6,500 crore FII buying: Are IT stocks finally making a comeback?

Indian IT stocks experienced a notable market value recovery of approximately ₹3.87 lakh crore in October. Foreign investors invested around ₹6,463 crore in the IT sector during the third quarter. The Nifty IT index rose about 17 percent in October after a previous decline of roughly 20 percent. Analysts caution…

The Economic Times · 15h ago

Europe's financial regulators query Google over cloud outage that hit banks

The European Banking Authority said that it has been in contact with Google Cloud to obtain further information on the incident, understand its implications and assess its potential impact on financial entities in the EU, a spokesperson for the watchdog told Reuters.

The Economic Times · Oct 21

What Took Halifax, Revolut Down? Services Restored After Google Cloud Disruption Hit UK Banks

A power-related Google Cloud outage in London disrupted banking services, remote court hearings and business operations, while Google worked to restore remaining affected workloads and investigate the cause.

International Business Times UK · Oct 21

HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years

HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz "redundant" within five years. Speaking in Dubai, he reaffirmed the bank's commitment to the GCC region.

The Economic Times · Oct 20

Sterling hits 17-month high against euro

Sterling hit a fresh 17-month high against the euro on Monday as street riots in France and elevated energy prices weighed on the single currency while recent

The Economic Times · Oct 19

Police Receive Over 100 Reports on iPhone Duo Pre-Order Charges as Apple Reviews Suspect Transactions

Hong Kong police are investigating more than 110 reports involving about HK$4.6 million after customers reported duplicate, failed or unrecognised charges during iPhone Duo pre-orders.

International Business Times UK · Oct 17

Target pensions or welfare, not banks, IMF tells John Healey

Supporters of planned tax, however, say banks were bailed out by taxpayers during the financial crisis and can afford to pay more now

The Guardian - UK · Oct 16

Dems Move to Expose Epstein's Wall Street Ties; What Existing Files Reveal About His Banking Network

Senator Elizabeth Warren and Representative Robert Garcia introduce the Epstein Wall Street Records Act to uncover banks' handling of Jeffrey Epstein's accounts.

International Business Times UK · Oct 16

John Healey poised to raise taxes on banks in budget

Exclusive: Chancellor to target sector in his first budget, to help offset Iran war’s damage to public finances

The Guardian - UK · Oct 15

Global Market: China stocks slip as AI selloff deepens, mixed inflation data weighs

Chinese stocks edged lower as AI-related shares weakened and mixed inflation data heightened concerns over domestic demand. The CSI300 declined, while energy and consumer staples stocks advanced amid rising oil prices. Technology shares remained under pressure, and HSBC cut year-end targets for major Chinese indexes, reflecting persistent market uncertainty.

The Economic Times · Oct 14