HSBC’s profit up on year, takes $4.9 billion hit (Reuters)

Filed Under (Personal Finance) by on 10-11-2008

A customer enters a branch of HSBC bank in central London November 8, 2008. (Luke MacGregor/Reuters)Reuters - Europe's biggest bank HSBC Holdings said its profit in the third quarter was ahead of a year earlier as growth in Asia helped offset almost $5 billion in bad debts on U.S. home loans and asset writedowns.

--- Reuters ...

HSBC profit up despite $4 billion U.S. hit (Reuters)

Filed Under (Personal Finance) by on 10-11-2008

A general view of the HSBC building in Singapore October 11, 2008. (Tim Chong/Reuters)Reuters - Europe's biggest bank, HSBC Holdings , said its profit in the third quarter was up from a year ago as growth in Asia helped offset more than $4 billion in bad debts on U.S. home loans.

--- Reuters ...

India’s auto sales plunged in October (AP)

Filed Under (Personal Finance) by on 10-11-2008

AP - Sales of passenger vehicles in India fell by 9.1 percent in October, as high interest rates and tight consumer credit took their toll on what had been one of the world's fastest growing automobile markets, according to the Society of Indian Automobile Manufacturers, an industry group.

--- AP ...

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