© Reuters. HSBC Holdings (NYSE:) has raised concerns over the potential for further downturns in China’s property sector, leading to an increase in provisions for losses. In response to these uncertainties, the bank has earmarked approximately $500 million of its $1.1 billion expected credit loss charges for Q3 2023 specifically…

© Reuters. UltraTech Cement, led by chairman Kumar Mangalam Birla, is preparing to invest ₹13,000 crore ($1.74 billion) in its third growth phase, aiming to expand total capacity to 182 million tonnes per annum (mtpa). The company plans to achieve this ambitious goal by setting up four greenfield and four…

© Reuters. In response to substantial institutional demand, Zodia Custody, a UK-based custodian backed by Standard Chartered (OTC:), SBI Holdings and Northern Trust (NASDAQ:), has expanded its institutional-grade digital asset services to Hong Kong. The announcement was made by Julian Sawyer, Zodia’s CEO, following the company’s recent expansions in Australia…

© Reuters. FILE PHOTO: People attend a Stellantis presentation at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo By Shivansh Tiwary and Abhijith Ganapavaram (Reuters) – Canadian union Unifor called off a brief strike that began early on Monday…

© Reuters. Stationery giant Cello World has opened its initial public offering (IPO) for subscription, following a successful pre-IPO round that raised ₹567 crore from anchor investors. The company, renowned for its robust brand identity and diverse product range, is projected to be a key player in its industries, with…

© Reuters HSBC Bank Canada reported a 5.4% decrease in profit before income tax for Q3 2023, landing at $282 million, primarily due to costs from the agreed sale of the bank and a challenging market environment. The bank’s resilient core business activity, including increased loan and deposit balances, faced…

© Reuters. HSBC Holdings Plc (LON:) is considering a rise in performance-related pay in response to a significant increase in third-quarter earnings, a move that could result in a 1% increase in operating expenses. The decision comes on the heels of the UK’s Prudential Regulation Authority’s decision to eliminate the…

© Reuters. Despite a recent 35% decrease in its share price, Leader Environmental Technologies Limited has outpaced typical market returns with a five-year yield of 93%. This performance is noteworthy, considering the company did not generate any profit last year and has been focusing on revenue growth, a key factor…

© Reuters. FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo (Reuters) -Talks between the German government and Siemens Energy to strike a deal over around 15 billion euros…

© Reuters. ESAF Small Finance Bank is set to launch its IPO on Thursday, November 3, with public subscription running until Monday, November 7. The bank plans to raise ₹463 crore ($6.2 billion) through the issuance of fresh equity shares worth ₹390.7 crore and an offer for sale (OFS) of…