HSBC records $21.6 billion pre-tax profit in first half 2024
Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.
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Yen rises after Japan hikes interest rates, eyes turn to Fed
The yen rose against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets in Asia rose on growing hopes for a cut in US borrowing costs.
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Bank of Japan raises key interest rate for second time in 17 years
The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies.
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North-South Korea Olympic podium selfie goes viral
Images of Olympic table tennis players from North Korea and South Korea taking a selfie together on the medal podium in Paris went viral in South Korea Wednesday, hailed as a rare show of cross-border unity.
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Sedjati gunning for Rudisha's world record at Olympics
Djamel Sedjati has two aims coming into the Paris Olympics: to medal for Algeria after the country drew a blank in Tokyo three years ago and to break David Rudisha's 800m world record.
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Unfinished business: Indonesia's new capital has long way to go
It was supposed to be the jewel in the crown of the 10-year presidency of Joko Widodo, but Indonesia's capital-to-be, carved out of dense jungle in Borneo, is a vast building site just weeks before being due to open.
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Samsung Electronics Q2 shows fastest growth in over a decade
Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.
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Greece tries to tempt its emigrants back home
When Konstantinos Tsanis got his doctorate in finance in 2011 at the height of Greece's debt crisis, his chances of a well-paid job at home were pretty thin.
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US Fed expected to pause again and hint at September rate cut
The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.
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Flick opens his Barcelona tenure with win over Man City
New Barcelona manager Hansi Flick made a triumphant start to his tenure on Tuesday after the Spanish giants beat Manchester City 3-2 after penalties in a pre-season friendly at Orlando.
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