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HSBC profit falls in third quarter, hit by legal woes
HSBC profit falls in third quarter, hit by legal woes
Economy
by  AFP

HSBC reported a 14 percent drop in third-quarter pre-tax profit on Tuesday, with the banking giant's bottom line weighed down by legal provisions related to the late Bernard Madoff's huge investment fraud. The profit of $7.3 billion -- down 14 percent from the same quarter last year -- reflected an increase in operating expenses and included legal provisions of $1.4 billion, HSBC said.

Takaichi, Trump swap praise for 'new golden age' of ties
Takaichi, Trump swap praise for 'new golden age' of ties
Economy
by  AFP

Japan's new premier Sanae Takaichi lavished US leader Donald Trump with praise and vows of a "golden age of ties" on his visit to Tokyo Tuesday, before inking a deal with Washington aimed at securing critical minerals. The two sides also signed an agreement aimed at "achieving resilience and security of critical minerals and rare earths supply chains," a statement said.