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HSBC sets $1 billion buyback after profit beat on boost from rates and wealth

HSBC sets $1 billion buyback after profit beat on boost from rates and wealth

By Selena Li and Lawrence White HONG KONG/LONDON, Aug 4 (Reuters) - HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows.

Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say

Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say

By Summer Zhen, Helen Reid and Selena Li LONDON/HONG KONG, Aug 4 (Reuters) - Shein is seeking a valuation of $30 billion to $40 billion in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the matter

Yen clings to intervention gains as traders stay alert to more

Yen clings to intervention gains as traders stay alert to more

By Rae Wee SINGAPORE, Aug 4 (Reuters) - The yen held on to most of its intervention-driven gains on Tuesday, after last week's joint action by Tokyo and Washington to shore up the currency kept speculators wary of rebuilding bearish positions.

Oil falls, stocks gain amid Iran peace hopes; yen firms after intervention

Oil falls, stocks gain amid Iran peace hopes; yen firms after intervention

By Caroline Valetkevitch and Nell Mackenzie NEW YORK/LONDON, Aug 3 (Reuters) - Oil prices dropped and major stock indexes gained on Monday on signs that U.S.-Iran tensions were easing again, while the yen strengthened against the euro and dollar after the U.S. and Japan confirmed joint intervention

Oil slides on Iran peace deal hopes and yen firms after intervention

Oil slides on Iran peace deal hopes and yen firms after intervention

By Nell Mackenzie and Ankur Banerjee LONDON/SINGAPORE, Aug 3 (Reuters) - Oil prices fell sharply while European stock markets jumped on Monday as hopes of a peace deal in the Middle East grew, while the yen firmed to a three-month high after the U.S. and Japan confirmed joint intervention to support

India central bank to stay on hold even as peers pivot to rate hikes

India central bank to stay on hold even as peers pivot to rate hikes

By Jaspreet Kalra MUMBAI, Aug 3 (Reuters) - India's central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows.

Analysis-Sustainable fund launches stutter amid industry caution

Analysis-Sustainable fund launches stutter amid industry caution

By Simon Jessop and Naomi Rovnick LONDON, Aug 4 (Reuters) - The global sustainable fund industry has seen just a handful of new launches this year as weak performance, investor withdrawals and heightened regulatory scrutiny prompt asset managers to close products and rethink how they market

Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

By Jaspreet Singh and Juby Babu Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data analytics software, sending its shares up nearly 12% in extended trading.

Yen jumps as traders watch for further intervention

Yen jumps as traders watch for further intervention

By Rae Wee SINGAPORE, Aug 3 (Reuters) - The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.

Japan's fight with yen bears goes on after joint rescue

Japan's fight with yen bears goes on after joint rescue

By Rae Wee and Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - A rare joint U.S.-Japan intervention has raised the stakes on traders betting against the yen, but analysts are doubtful speculators will be kept at bay without tighter monetary policy.

Yen climbs as traders watch for further intervention

Yen climbs as traders watch for further intervention

By Rae Wee SINGAPORE, Aug 3 (Reuters) - The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.

Middle East turmoil leaves gas prices exposed

Middle East turmoil leaves gas prices exposed

Typically, oil and gasoline prices peak in July or early August. The summer vacation driving season has peaked or is about to peak. Families with children will start to head home to get ready for the new school year. Days are getting shorter. But the rest of 2026 is uncertain. Oil prices were up ...