HSBC beats expectations, says pre-tax profit up 79% in the first quarter

Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC, Europe’s largest lender by assets, reported first-quarter pre-tax profits that beat estimates but reported revenue was down. The London-headquartered bank, which makes most of its revenue in … Read more

Surging Covid cases globally send medical supplier stocks higher in Singapore

Latex gloves are filled with water in a watertight test room at a Top Glove factory in Selangor, Malaysia, on Dec. 3, 2015. Charles Pertwee | Bloomberg | Getty Images SINGAPORE — Shares of several medical suppliers in Singapore have jumped this month, coinciding with a renewed surge in daily global Covid-19 infections. Singapore-listed shares … Read more

Here are the 10 biggest economies in the world — before the pandemic vs. now

A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images SINGAPORE — The Covid-19 pandemic has shaken up the ranking of the world’s largest economies after sending many countries into their worst economic recessions … Read more

Middle East investor seeks U.S. opportunities as Biden pushes infrastructure plan

Cranes for unloading shipping containers stand at the Port of Los Angeles in San Pedro, California. Patrick T. Fallon | Bloomberg | Getty Images Investcorp, a Bahrain-based investment company, is looking for opportunities to invest in U.S. roads and ports as U.S. President Joe Biden proposed to spend more than $2 trillion on infrastructure. Biden … Read more

Singapore’s leadership succession is in disarray. Here’s who could be the next prime minister

SINGAPORE — Singapore’s carefully planned leadership succession has been thrown into disarray. Political observers say it’s now not clear who would become the Asian financial hub’s next prime minister.   Deputy Prime Minister Heng Swee Keat shocked the nation late Thursday, when he announced that he will step aside as the designated successor to Prime … Read more

Qatar Airways CEO says Covid vaccines likely to be required for travel: ‘This will be the trend’

A Qatar Airways plane takes-off from the Hamad International Airport in Doha on July 20, 2017. STRINGER | AFP | Getty Images The CEO of a flagship Middle Eastern airline has said the requirement for Covid-19 vaccinations will likely be a trend in air travel, as the industry attempts to rebound from the impact of … Read more

Kevin O’Leary calls for ‘extremely aggressive’ steps to level the playing field with China

Kevin O’Leary Scott Mlyn | CNBC Acknowledging that he’s a “bit of a hawk” toward China, Kevin O’Leary on Monday called for “extremely aggressive” steps to level the economic playing field between the United States and China. The chairman of O’Shares ETFs told CNBC’s Hadley Gamble that the United States should make Chinese companies face … Read more

China’s ‘laissez-faire’ approach toward Myanmar’s coup puts its own interests at risk, says analyst

Anti-coup protesters hold placards as they protest against the military coup Saturday, February 20, 2021, in Yangon, Myanmar. Anadolu Agency | Getty Images China’s “laissez-faire” approach toward Myanmar’s military coup could hurt the Asian giant’s strategic and economic interests in the Southeast Asian country, said a political risk analyst. In contrast to strong condemnation and … Read more

Here’s what it costs to work remotely in 4 global hotspots

Google may be calling people back into the office, but many other companies — not to mention entrepreneurs — are still committed to remote work. From Croatia to Barbados, destinations provide vastly different experiences for foreigners who wish to work from new shores. The weather is usually better (save hurricanes), and costs can be cheaper … Read more

Archegos fallout exposes risks from less regulated family offices, says former SEC counsel

Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family offices came under the spotlight after the multibillion-dollar Archegos Capital Management was last week forced … Read more