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Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe
Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe
by  AFP

Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by Chinese authorities. Last week, the company said it would cooperate with the relevant authorities in their probing of "operations concerned", but did not provide further details.

HSBC says pre-tax profit more than doubled in third quarter
HSBC says pre-tax profit more than doubled in third quarter
by  AFP

Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment". The London-listed lender reported third-quarter revenue grew 40 percent to $16.2 billion as higher rates "supported growth in net interest income in all of our global businesses, and non-interest income increased".

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