HSBC reports high pre-tax profits driven by high interest rates

February 22, 2024November 20, 2024 AGS

AGS NEWS – Europe’s largest bank, HSBC, has announced a significant increase in its pre-tax profit, reaching $30.3 billion (£24 billion) in 2023. The surge in profits was fueled by the impact of high interest rates, as central banks globally … Continue reading HSBC reports high pre-tax profits driven by high interest rates

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Samsung to reduce chip production as quarterly profits drop by 96%

April 8, 2023November 20, 2024 AGS

Samsung Electronics is set to reduce memory chip production as it estimates a 96% drop in quarterly operating profit due to lower sales amid a slow global economy and reduced demand after the Covid-19 pandemic. Preliminary numbers indicate that operating … Continue reading Samsung to reduce chip production as quarterly profits drop by 96%

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Tag: profits

HSBC reports high pre-tax profits driven by high interest rates

Samsung to reduce chip production as quarterly profits drop by 96%