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BBC News Published HSBC has reported stronger than expected profits and says the economic outlook is looking brighter. Europe s biggest bank by assets reported income of $5.8bn (£4.2bn) for the January-to-March period, up from $3.2bn a year earlier. More than half of its profits came from Asia, the region where the bank does much of its business. The improved outlook led HSBC to release some of the cash it had set aside for bad loans. Last year, HSBC had set aside $3bn to cover bad debts, but it has now released $400m of that following an improvement in the economic outlook, notably in the UK .

Hong kongUnited kingdomNoel quinnHargreaves lansdownAsia wealthSusannah streeterஹாங் காங்ஒன்றுபட்டது கிஂக்டம்நோயல் க்வின்ஹார்‌க்ரீவ்ஸ் ல்யாந்ஸ்ட்வ்ந்ஆசியா செல்வம்சுசன்னா ஸ்ட்ரீட்டர்