China Regulator to Support SOEs with Share Buybacks

April 8, 2025

Catenaa, Tuesday, April 08, 2025- China State-owned Assets Supervision and Administration Commission said on Tuesday it fully supports central state-owned enterprises to increase their stock holdings and share buybacks to reduce impact on the ongoing trade war on the stock market. Several Chinese state-owned companies, including oil giant Sinopec, have already announced plans to buy […]

HSBC beats profit expectations, aims to reduce cost by $300m

February 19, 2025

Catenaa, Wednesday, February 19, 2025 – HSBC released its annual performance on Wednesday. In 2024, the bank recorded a Profit After Tax(PAT) of $25 billion, exceeding market expectations as the bank battled losses from foreign currency and restructurings. The profit before tax was recorded at $ 32.3 billion, rising by $ 2 billion from 2023, which includes […]