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HSBC reports bumper profits on rising interest rates
HSBC reports bumper profits on rising interest rates
by  AFP

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates. With regards the outlook, it said: "Given the current market consensus for global central bank rates, we have raised our 2023 full-year guidance for net interest income to above $35 billion."

Greek islanders dismayed by plan to scale up fish farming
Greek islanders dismayed by plan to scale up fish farming
by  AFP

On the sunny quay of the picturesque Greek island of Poros, veteran fisherman Spiros Papaioannou makes no bones about imminent plans to expand fish farming. "I am not (fundamentally) opposed to fish farms," said fisherman Tasos Ladas, acknowledging that Greek seas are "being emptied of fish year after year" one way or another.

Asian markets rise as positive mood flows across trading floors
Asian markets rise as positive mood flows across trading floors
by  AFP

Asian investors started August in the same way they ended July, with gains across markets that followed Wall Street's lead, fuelled by a general sense of optimism about the economic outlook. With the mood among investors broadly positive, analysts who had warned of another tough week for markets were changing their outlooks.

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