Europe’s largest lender, HSBC, reported first-quarter pre-tax profit of $9.4 billion on Tuesday, missing analysts’ estimates on the back of higher expected credit losses and other impairment charges. HSBC’s revenue gained 6% year-on-year, exceeding estimates, on stronger wealth fees and other income. Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank. Pre-tax…
A CATL logo is displayed on a smartphone screen with a Hong Kong Stock Exchange (HKEX) logo in the background on May 7, 2025 in Chongqing, China. Li Hongbo | Visual China Group | Getty Images Shares of China’s Contemporary Amperex Technology declined 6.81% Tuesday after the EV battery giant unveiled plans for a roughly…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Amazon and Walmart’s Flipkart dominate India’s e‑commerce market. This week, I unpack why the U.S. giants are keen to expand in the…