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HSBC profit disappoints as China, Britain weakness poses challenge


SBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business.

SBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business.

HONG KONG/LONDON: HSBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business, while cautioning that a weaker economic outlook for China and Britain would throw up further hurdles this year.

The bank remains alert to the downside risks of the current economic environment, global trade tensions and the future path of interest rates, CEO John Flint said on Tuesday, rounding off his first year at the helm of the company.

Corporate News , Banking

   

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