Quentin Webb News Today

CPI surged to over 8% YoY and has been above the Fed's 2% target now for 15 months - yet the target policy rate is today at only 0.75% to 1.0%.

Global markets tumbled on Friday, as a new coronavirus variant - which is more transmissible and able to bypass vaccination - has emerged.

Provided by Dow Jones By Simon Clark and Quentin Webb Global banking giant HSBC Holdings PLC said net profit more than doubled in the first quarter, as the world economy began to recover from the coronavirus pandemic. The London-based lender, which makes most of its profit in Hong Kong and mainland China, earned $3.88 billion in the first three months of the year, up from $1.79 billion in the same period last year. HSBC reduced provisions for bad loans by $4...

Provided by Dow Jones By Simon Clark and Quentin Webb Global banking giant HSBC Holdings PLC said quarterly net profit more than doubled, as a nascent economic recovery allowed it to free up funds previously set aside to offset potential pandemic-related losses. The London-based lender, which makes most of its profit in Hong Kong and mainland China, earned a forecast-beating $3.88 billion in the first three months of the year, up from $1.79 billion in the same per...

Provided by Dow Jones By Simon Clark and Quentin Webb HSBC Holdings PLC, one of the worlds largest banks, said it would pour about $6 billion of extra investment into Asia in the next five years, and could sell its unprofitable U.S. retail operations, as it doubles down on its core business. The London-based lender, which makes most of its profit in Hong Kong and mainland China, is already one year into a major overhaul. But it said it had tweaked its strategy as ...

Provided by Dow Jones By Quentin Webb Officials in two of Asias biggest financial centers are watching U.S. markets warily, concerned that local investors could get hurt by piling into American meme stocks, or that the behavior could spread to their home turf. On Wednesday, Hong Kongs Securities and Futures Commission warned investors about "the risks of trading highly volatile securities, including overseas-listed stocks as investment discussion forums in social medi...

Provided by Dow Jones By Quentin Webb Officials in two of Asias biggest financial centers are watching U.S. markets warily, concerned that local investors could get hurt by piling into American meme stocks, or that the behavior could spread to their home turf. On Wednesday, Hong Kongs Securities and Futures Commission warned investors about "the risks of trading highly volatile securities, including overseas-listed stocks as investment discussion forums in social medi...

TikTok rival’s $5.4 billion IPO draws big investor following The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin. (AP) Joanne Chiu, Share Via Read Full Story Chinese short-video app operator Kuaishou Technology will raise $5.4 billion from its Hong Kong listing, hitting i...

5 min read EMEA Margrethe Vestager isn’t wasting any time. Just months after becoming the European Union’s competition chief, the Danish politician moved beyond her predecessors’ cautious policies to confront the monsters of the digital and energy worlds – Google and Gazprom. But her ambitious battles on Eastern and Western fronts may have one clear beneficiary: Europe’s mergers and acquisitions boom. In a matter of weeks, the “Iron Woman of Denmark” picked up dossiers moldering i...