LONDON — Europe’s biggest bank has reported its net profit jumped 30 percent in 2018 from the previous year to $12.6 billion. London-based HSBC, whose profit is mainly from Asia, said its revenue rose 5 percent from a year earlier to $53.8 billion. Pre-tax profit rose 16 percent to $19.9 billion, but lagged analysts’ estimates.
New Delhi/ Singapore: Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC is the first Indian state refiner to buy U.S. oil
People in pro-leave areas of Britain have tended not to curb expenditure, finds PwC survey British consumers are preparing to carry on shopping despite the mounting political chaos over Brexit, according to a survey, even as business leaders increasingly sound the alarm over the potential hit to the economy. More than half of consumers in the nationwide survey
BDO keen to ensure customers, staff and suppliers are supported through process Nearly 400 employees at Flybmi have lost their jobs following the collapse of the regional British airline at the weekend. Flybmi formally appointed the restructuring firm BDO as administrators on Monday after ceasing to trade on Saturday. BDO announced that 376 employees in the
Maruti Suzuki Vitara Brezza leads the compact SUV segment with a market share of over 44 per cent year-to-date. Maruti Suzuki Vitara Brezza has set a new sales record in the compact SUV segment. The cumulative sales of the compact SUV touched the 4 lakh units mark in less than three years. Vitara Brezza leads
The government needs cash after allocating 200 billion rupees toward the first installment of the $10.5 billion program by March 31. Reserve Bank of India has approved an early transfer of a part of its profit to the government, which is desperate for cash to fund populist pledges ahead of a national election. The Reserve
MyPay is targeted at people who cannot afford lawyers’ advice on lodging claims A website is being launched to help freelancers and other workers claim an estimated £3bn a year owed in wages and holiday allowances, in the latest example of justice moving online. The service, MyPay London, aims to help people who cannot afford to
Expectations, demand and sales expectations all down in latest market snapshot Brexit uncertainty and a lack of affordability in some areas continue to stifle the UK housing market, leaving Britain’s estate agentswith their gloomiest view of property values in 10 years. The latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) shows a
Mahindra finally has a worthy opponent in the highly popular sub-four metre segment in the form of the newly launched XUV300. It is heavy on equipment and has good looks to go with it. Mahindra is also offering a well-rounded package with the baby XUV, but is it worthy match to the segment leader Maruti Suzuki Vitara Brezza?
Almost 100 cafes will be rescued, saving about 2,000 jobs, in Causeway Capital deal The Patisserie Valerie bakery chain has been saved from closure by a management buyout backed by an Irish private equity firm. Almost 100 cafes will be rescued in the deal, backed by Causeway Capital, saving about 2,000 jobs. About 30 more sites trading