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HSBC Misses, UBS Beats, Santander Record, Tsunami Warning, China’s $167B Dam | Bloomberg...
Posted
July 30, 2025
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357
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July 30, 2025
357
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18:51Now PlayingYour morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Hawaii and remote parts of California’s coast are bracing for tsunamis to hit within hours, after a powerful earthquake in Russia’s Far East triggered alerts across the Pacific.
(2) US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world’s two biggest economies.
(3) HSBC's earnings for the second-quarter fell short of expectations after it posted an increase in expenses, and took a charge on its holdings in a Chinese bank.
(4) Investors parsing Jerome Powell’s remarks Wednesday for any hint that the Federal Reserve is moving closer to an interest-rate cut might be left wanting.
(5) Santander posted a record second-quarter profit and announced a new buyback as Spain’s largest bank makes good on a pledge to repurchase at least €10 billion ($11.6 billion) worth of stock over two years.
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