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MercoPress, en Español

Montevideo, November 22nd 2024 - 01:13 UTC

Tag: Finance

  • Wednesday, February 20th 2019 - 10:01 UTC

    Europe's biggest bank slower profits blamed on tepid growth in China and UK

    On Tuesday HSBC reported a lower-than-expected 16% rise in 2018 profit before tax, due to the weakness of markets

    HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing.

  • Friday, January 5th 2018 - 10:20 UTC

    Argentina sells US$ 9bn in bonds, “at the lowest yields in the country's history”

    Bonds were 2.4 times oversubscribed, as Argentina received orders for US$21.4bn, the ministry said. Issuance would cover half of infrastructure investments this year.

    Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.