TARIFFS LATEST US, China to slash tariffs for 90 days HKSE - Delayed Quote • HKD HSBC HOLDINGS (0005.HK) Follow Add holdings 90.000 +2.500 +(2.86%) At close: 4:08:09 PM GMT+8 All News Press Releases SEC Filings Wall Street Plays Long Game as Deals Go Private (Bloomberg) -- A KKR & Co. debt sale shows how far Wall Street is willing to go to keep leveraged underwriting business from slipping away to private credit after periods of turmoil.Most Read from BloombergAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsA New Central Park Amenity, Tailored to Its East Harlem NeighborsIs Trump’s Plan to Reopen the Notorious Alcatraz Prison Realistic?What’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in For Itau Unibanco Q1 Earnings & Revenues Rise Y/Y, Expenses Up ITUB's first-quarter 2025 results benefit from a rise in revenues and managerial financial margin. Lenders in mortgage price war as Bank of England cuts interest rates Find out the latest mortgage rates and deals from HSBC, NatWest, Santander, Barclays and more. HSBC faces desks shortage after ordering staff back to the office HSBC is facing the prospect of a major desk shortage at its new City of London headquarters after forcing staff back into the office three days a week. HSBC launches Trump tariff payment process for US clients LONDON (Reuters) -HSBC has launched a new financing tool for U.S. clients to pay import duties following the imposition of sweeping tariffs by President Donald Trump on April 2, which drew retaliation from other countries including China. HSBC's TradePay for Import Duties product will provide credit for and simplify the payment of import duties, the bank said, including by having the bank pay such duties directly either through pre-agreed credit terms with brokers or direct Automated Clearing House (ACH) credits. HSBC Launches TradePay for Import Duties Solution for US Clients NEW YORK, May 07, 2025--HSBC today announced the launch of HSBC TradePay for Import Duties, a targeted financing solution for US clients which simplifies the payment of import duties while optimizing working capital for businesses. Best credit card deals of the week, 7 May Discover the best credit cards to save money, earn rewards and travel smarter. Stocks Fall as Tariff Angst Spurs Gains in Bonds: Markets Wrap (Bloomberg) -- Wall Street’s risk-off mode prevailed in the run-up to the Federal Reserve decision, with stocks falling and bonds rising as President Donald Trump’s tariff remarks failed to ease worries that his trade war will cause economic damage.Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawVail to Borrow Muni Debt to Ease Ski Resort Town Housing CrunchIceland Plans for a More Volcanic FutureNJ Tr Delving Beyond HSBC's Q1 Earnings: Should You Buy the Stock? HSBC's Q1 earnings performance is decent. Does its business restructuring plan and Asia pivot strategy make the stock worth buying? Let's take a closer look. HSBC group chairman Mark Tucker to retire Tucker will continue to serve as a strategic adviser to the group CEO and the board during the ongoing search for a permanent chair. Stocks Fall After Historic Run as Trade Risks Loom: Markets Wrap (Bloomberg) -- A historic stock-market run came to a halt as President Donald Trump’s latest tariff remarks provided little relief to investors bracing for the impacts of his trade war on the economy and corporate earnings.Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawNJ Transit Strike Would Be ‘Disaster’ for Region, Sherrill SaysIceland Plans for a More Volcanic FutureVail to Borrow Muni Debt to Eas HSBC pressed on net-zero by $1.6 trillion investor group at annual meeting Some 30 investors called on the bank to “urgently affirm” its commitment to its climate goals and prioritizing net-zero emissions across its operations. European Firms Fare Better Than Feared Through Early Trade Pain (Bloomberg) -- European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook.Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawNJ Transit Strike Would Be ‘Disaster’ for Region, Sherrill SaysIceland Plans for a More Volcanic FutureNJ Transit Urges Commuters to Work Remot Exclusive-HSBC Asset Management's global head of sustainability to depart LONDON (Reuters) -The top sustainable finance executive at HSBC's asset management division is leaving the firm, HSBC said on Friday, the latest in a series of departures from the bank amid a restructuring under its new chief executive. The exit of Erin Leonard, global head of sustainability at HSBC Asset Management, follows the departure of the bank's former chief sustainability officer, Celine Herweijer, at the end of last year as the bank reassesses environmental, social and governance (ESG) policies under CEO Georges Elhedery. Shareholders Call on HSBC to Reaffirm Net-Zero Pledge Activist shareholders pressured HSBC to reaffirm its commitment to cut greenhouse gas emissions, expressing concern at recent changes by the global banking giant that they say cast doubt on its climate priorities. HSBC Holdings First Quarter 2025 Earnings: Beats Expectations HSBC Holdings ( LON:HSBA ) First Quarter 2025 Results Key Financial Results Revenue: US$16.8b (down 16% from 1Q 2024... HSBC says global trade shift poses ‘serious risks’ to economic growth Executives at the bank said economic forecasts were more difficult to compile amid uncertainty. ‘72-Hour Rule’: Debt Investors Take Fright at Trump’s Social Media Deluge (Bloomberg) -- Waiting three days to see whether he U-turns before making trades. Rushing bond sales through before he wakes up and starts posting. Shifting lending to tariff-proof tinned-food producers or cellphone providers.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund Upgrade HSBC says trade turmoil poses serious risks to global growth LONDON (Reuters) -Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to provide the medium term outlook effectively, HSBC Chairman Mark Tucker said on Friday. Speaking at the bank's annual shareholder meeting in London, a day after it announced he would retire by the end of this year, Tucker said he was confident HSBC can meet targets and deliver another year of healthy returns in 2025. HSBC was among major European banks that this week retainedambitious performance targets after bumper first quarter profits, despite threats to their earnings from a possible global recession and shaky business confidence. Asia’s Factories Suffer Major Blow as Tariffs Dampen Demand (Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congestion Toll Raised $159 Million in the First QuarterManufacturing activity across most of Asia contracted in April, with compa Performance Overview Trailing total returns as of 5/12/2025, which may include dividends or other distributions. Benchmark is FTSE 100 (^FTSE) Return 0005.HK FTSE 100 (^FTSE) YTD +22.59% +5.07% 1-Year +38.14% +1.82% 3-Year +130.04% +18.72%