HSBC has announced that India has become its third-largest profitable region, surpassing China. This growth is primarily driven by a strong performance in its global banking and markets division, catering to large corporations and including treasury operations. In 2023, HSBC’s profit before tax in India rose by 19% to $1.51 billion, following Hong Kong and the UK. Meanwhile, China’s profit witnessed a significant decline of 89% due to losses in various sectors.
Oil and data centre stocks sink after US midterms
Following the US midterm election outcomes, significant shifts have been noted, influencing both oil prices and Asian stock markets. This week, Brent crude futures plummeted
November 5, 2026