Tag: Breaking News: Asia

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HSBC CEO says it's 'still very confident' about China's economy

HSBC profit misses estimates; bank announces $2 billion share buyback

Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in a Chinese bank, sinking...

Sony cuts forecast for PlayStation 5 sales

Sony cuts PlayStation 5 sales forecast to 21 million units

Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division. The Japanese gaming giant said it now expects to sell 21 million units of the PS5 in the fiscal year ending March, down from a previous forecast of 25 million units. The...