And looks to push shares higher with a big money Share Buyback. Banking on big profits hsbc rakes billions of dollars and looks to push shares higher with a big money Share Buyback. And china cools the worlds second biggest Economy Saw Manufacturing growth slow last month, fuelling fears that chinese growth is on the slide. Welcome to World Business report. Im sally bundock. Also in the programme, we will show you a robot that can crack open your safe. First of all that silly when on the latest numbers coming from europes biggest bank, hsbc, reporting its earnings in the last 30 minutes. It made a pre tax profit of 5. 28 billion in the Second Quarter of this year. A from 4. 6 billion the previous time and analysts were expecting a high number but not as big as that. It announced a Share Buyback as many we predict in, looking at 2 billion worth. It looks to make the most of its huge cash pile. The move will effectively restrict the supply of hsbc shares in the marketplace of course and
Chancellor merkel heads to the white house amid growing us complaints that german business isnt playing fair. Plus, a yawning hole in our finances. We lack of sleep could be if . . . G; l . . . inhiieiufefiif billions from the global wiping billions from the global economy. Welcome to World Business report we start in the us where President Trump will be hosting german chancellor Angela Merkel at the white house later. Coming up, singapore has its best month for trade in five years. Now, back to the us, and their meeting w eitfiteetitiq germany later. The two nations are Major Trading partners but theres been growing concern on the us side that their relationship is simply not fair. The rhetoric has raised fears of a damaging trade war. Let me show you why. Last year the us sold 49 billion worth of goods to germany everything from Boeing Airliners to pfizermedicifieif . , that sounds like a healthy figure until you look at this one elli; 531e§3§5§§z5§; thats a lot of bmws not to
Japan is said to be planning to raise the capital gains and dividend tax-free investment ceilings of the Nippon Individual Savings Account scheme, and.