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HSBC Holdings experienced a bearish block trade of 86.8K shares at $79.25, resulting in a turnover of $6.879 million. Fitch has raised concerns about liquidity pressures on Hong Kong developers and anticipates that HK banks' earnings will face challenges by 2025, maintaining a stable outlook. Additionally, CNOOC aims for a net production of 760-780 million BOE this year, with an annual payout ratio of no less than 45% over the next three years. CKH Holdings' Panama Ports firm is committed to local operations and will fully cooperate with audits.
Chevron plans to take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments, and property sales costs, primarily due to job cuts and relocations over the next two years. The company aims to reduce costs by up to $3 billion through 2026, with a $2 billion cut in 2025 project spending. Despite these challenges, Chevron's projected fourth-quarter profit is $4.35 billion, down from $6.45 billion a year ago.
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HSBC shares decline amid liquidity concerns for Hong Kong developers and banks
04:30 22.01.2025
Chevron Plans Up to 1.5 Billion in Fourth Quarter Charges
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