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India Deaths Top 200,000; Spain Eyes June Tourists: Virus Update

India Deaths Top 200,000; Spain Eyes June Tourists: Virus Update
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Vietnam Warns of Outbreak Risk; Japan Eyes Moderna: Virus Update

Vietnam Warns of Outbreak Risk; Japan Eyes Moderna: Virus Update
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Cases Rise for 9th Week; India Deaths Top 200,000: Virus Update

Cases Rise for 9th Week; India Deaths Top 200,000: Virus Update
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Vietnam Warns of Outbreak Risk; Japan Eyes Moderna: Virus Update

Vietnam Warns of Outbreak Risk; Japan Eyes Moderna: Virus Update
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HSBC profit rises 79% as vaccine rollout sparks improved outlook - Netscape Money & Business

HSBC profit rises 79% as vaccine rollout sparks improved outlook
By Lawrence White
Reuters
LONDON (Reuters) -HSBC Holdings PLC reported better-than-expected quarterly profit on Tuesday and released $400 million it had set aside to cover pandemic-induced bad loans, as succesful vaccine rollouts in key markets promised a brighter economic outlook.
HSBC cautioned, however, that uncertainty about a global recovery meant it was unlikely to sustain that level of reduction in the $3 billion bad debt provision it had set aside a year ago as the pandemic took hold.
We are still are being relatively cautious, and we ve retained about 70% of the reserve build up we did last year, Chief Financial Officer Ewen Stevenson told Reuters. ....

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