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05.05.26 - 12:01
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DAX Climbs Higher Despite Middle East Tensions (AFX)
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BRUSSELS (dpa-AFX) - Despite rising tensions in the Middle East, German stocks climbed higher on Tuesday as investors reacted to a slew of earnings updates and other corporate news. According to r......
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05.05.26 - 08:12
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HSBC profit flat as Middle East provisions offset wealth growth (SCMP)
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HSBC, Hong Kong's largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business.
Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share, the London-based bank said in a Hong Kong stock exchange filing on Tuesday. The result missed the US$7.07 billion consensus estimate of 17 analysts polled by the......
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05.05.26 - 02:06
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Middle East war drives demand for Hong Kong metal storage, but capacity falls short (SCMP)
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The war in the Middle East could create an opening for Hong Kong to develop into a regional commodities trading hub, as manufacturers in mainland China and across Asia look to the city to secure more stable metal supplies, according to industry participants.
Manufacturers importing copper, aluminium and other industrial metals were increasingly considering Hong Kong as a storage base, while also seeking to tap its financial markets to hedge against price volatility driven by geopolitical......
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