HONG KONG (Reuters) -HSBC ( HSBC ) reported a 6.6% rise in annual profit on Wednesday, beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs. The London-based bank reported profit before tax for 2024 of $32.3 billion. That compared with $30.3 billion a year earlier and the...

(Reuters) - Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings ( HHH ) for $900 million as it revised its proposal to the real estate developer. Shares of Howard Hughes dipped 5% in extended trading. Under the proposal, Ackman would become chairman and CEO of...

HONG KONG (Reuters) - Hong Kong is considering approving new cryptocurrency and virtual assets products as derivatives and margin lending for certain investors in those products, according to the city's financial regulator. Securities and Futures Commission chief executive Julia Leung said on Wednesday the plans were being assessed as Hong Kong tries to make itself a regional digital assets hub...

By Arathy Somasekhar and Emily Chow (Reuters) -Oil prices edged up on Wednesday amid worries of oil supply disruptions in the U.S. and Russia, and as markets awaited clarity on the Ukraine peace talks. Brent crude futures were up 14 cents, or 0.2%, at $75.98 a barrel at 0450 GMT, and possibly set for a third day of gains. U.S....