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Asian markets cool as Trump hails ties on Japan trip
Asian markets cool as Trump hails ties on Japan trip
Business and Economy
by  AFP

Asian markets cooled off Tuesday after the previous day's surge as traders digested Donald Trump's visit to Asian ally Japan, ahead of his high-stakes talks with Chinese President Xi Jinping later this week. In Tokyo on Tuesday, Trump met new Japanese Prime Minister Sanae Takaichi, declaring that the United States was "an ally at the strongest level".

HSBC profit falls in third quarter, hit by legal woes
HSBC profit falls in third quarter, hit by legal woes
Business and 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.