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Transcripts For BBCNEWS World 20240704

Good morning. You have been crunching the numbers, they have just come out. They sound like they are doing very well. It does, doesnt it . They are benefiting from Rising Interest Rates all around the world, not just in the uk. Hsbc is a global buying and we have had Interest Rate rises everywhere, they have cashed in on back. Margin up by a0 basis points and revenues increased as a result. Cashed in on that. Most of the money they are making is in asia, i assume . Yes, pretty much. They are looking at good performances in commercial banking, transaction banking, things like that. Its looking pretty solid across the board. ,. , board. There was this whole roblem board. There was this whole problem with board. There was this whole problem with their board. There was this whole problem with their biggest l problem with their biggest shareholder in china wanting to split u ....

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Transcripts for BBCNEWS World Business Report 20240604 04:33:00

Going forward, your thoughts? i going forward, your thoughts? i thinkjust the possibility of a slowdown in the uk, and distress in the housing market possibly. coupled with the real estate concerns in china. but otherwise, simply a question of, can they continue to earn profits from increasing their net interest margin or are they going to get some pushback? we are already seeing some pushback from the regulator in the uk. , ., ~ , ., the uk. interesting, thank you for our the uk. interesting, thank you for your instant the uk. interesting, thank you for your instant analysis - the uk. interesting, thank you for your instant analysis on - for your instant analysis on the results just out from hsbc. let s get some of the day s other news now. here in the uk, a major shake up of the way alcohol is taxed leaves many drinks costing more from this morning. under what the treasury says are new common sense principles, tax is being levied according to a drink s strength. duty will increase ....

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