HSBC reports 66% 3Q net profit jump November 9, 2011 - 13:08 AMT PanARMENIAN.Net - HSBC has reported a 66 percent jump in third-quarter net profit despite a drop in earnings from its global banking and markets division. For the three months ending Sept. 30, HSBC said Wednesday, November 9, that its net profit was $5.2 billion, up from $3.2 billion a year earlier. Operating income was up 15 percent to $21.5 billion. Pretax profit its global banking and markets division slumped to $1 billion from $2.1 billion a year earlier. For the first nine months of the year, the bank said net profit was up 46 percent to $14.4 billion, and operating income rose by 7.4 percent to $63.8 billion, The Associated Press reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
