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UltraTech Cement is poised to emerge as a formidable new entrant and a potential disruptor in the cables & wires industry, analysts said. (Photo: REUTERS) UltraTech Cement’s foray into the ...

UltraTech Cement's entry is expected to impact the revenue growth of existing incumbents, with HSBC estimating a 1.1% reduction in revenue growth for the sector. The lower earnings growth outlook has ...

HSBC Holdings expects US$1.8 billion (S$2.4 billion) in costs over the next two years as it embarks on a global restructuring programme that has seen the lender shutter some of its businesses and ...

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of ...

LONDON : HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from ...

The HSBC share price had a mixed start to trading today after investors digested the bank’s latest results. Our writer takes a closer look at the figures. When investing, your capital is at risk.

HSBC posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the ...

HONG KONG, Feb 19 (Reuters) - HSBC (HSBA.L), opens new tab expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs ...

HSBC has cut around 40 investment banking jobs in Hong Kong as part of a global cost-cutting restructuring. The layoffs began just ahead of the bank's full-year results announcement. Four managing ...

HONG KONG/SYDNEY, Feb 18 (Reuters) - HSBC (HSBA.L), opens new tab, has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a ...