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  • HSBC’s third-quarter profit drops 14%, beats estimates

    HSBC’s third-quarter profit drops 14%, beats estimates

    Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025.

    Henry Romero | Reuters

    Europe’s largest lender HSBC on Tuesday beat third-quarter profit expectations on the back of revenue growth, which included a rise in the bank’s net interest income and a robust performance in its wealth segment.

    The bank’s profit before tax for the three months ended in September was $7.3 billion, down nearly 14% from a year ago due to higher operating expenses, namely from notable items, including legal provisions of $1.4 billion.

    Here are HSBC’s second-quarter 2025 results compared with consensus estimates compiled by the bank.

    • Profit before tax: $7.3 billion vs. $5.98 billion
    • Revenue: $17.8 billion vs. $17.05 billion

    The earnings come a day after the bank said it will recognize a provision of $1.1 billion in its third-quarter results following a court ruling in Luxembourg related to the Bernard Madoff investment fraud case.

    The case stems from a 2009 lawsuit by Herald Fund SPC against HSBC’s Luxembourg arm, seeking the return of securities and cash allegedly lost in the fraud.

    The court rejected the HSBC unit’s appeal on the securities restitution claim, though it accepted its challenge about the cash portion.

    HSBC said it plans to file a further appeal with the Luxembourg Court of Appeal and, if that fails, it will dispute the final amount in later proceedings.

    The bank said the $1.1 billion provision will trim its Common Equity Tier 1, or CET1, capital ratio by roughly 15 basis points. The CET1 ratio is a key indicator of a bank’s financial strength.

    —CNBC’s Lim Hui Jie contributed to this report.

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  • Clinically significant valvular heart disease vastly underdiagnosed in U.S. elders

    Clinically significant valvular heart disease vastly underdiagnosed in U.S. elders

    Results from the PREVUE-VALVE study suggest that there are currently at least 4.7 million people aged 65-85 living with moderate or greater valvular heart disease (VHD) in the United States, and at least 10.6 million with clinically…

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  • Earliest long-snouted crocodile fossil from Egypt traces the African origins of marine crocs – Times of India

    1. Earliest long-snouted crocodile fossil from Egypt traces the African origins of marine crocs  Times of India
    2. Ancient Egyptian crocodile discovery reshapes understanding of its evolution  Dailynewsegypt
    3. 80-Million-Year-Old Predator Found In Egypt…

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  • Novel antibiotic shows activity against WHO high priority pathogen VRE

    Novel antibiotic shows activity against WHO high priority pathogen VRE

    Chemists from the University of Warwick and Monash University have discovered a promising new antibiotic that shows activity against drug-resistant bacterial pathogens, including MRSA and VRE

    Antimicrobial resistance (AMR) is one…

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  • The journey of Number 1 Energy Drink and rapper Den inspires passion

    The journey of Number 1 Energy Drink and rapper Den inspires passion

    Amid the bright stage lights, pounding bass, and the enthusiastic cheers of the audience, Den appears with the limited-edition Number 1 bottle in vivid yellow, which shines like the flames of passion. The release of Number 1 and Den’s commercial…

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  • Keys to the Game: Celtics 122, Pelicans 90 – NBA

    Keys to the Game: Celtics 122, Pelicans 90 – NBA

    1. Keys to the Game: Celtics 122, Pelicans 90  NBA
    2. Celtics rout Pelicans for first win of season  Reuters
    3. NO.pelsceltics.10272025469.jpg  The Advocate
    4. Celtics Pelicans Basketball  couriernews.com
    5. Boston Celtics Seek First Win Against Zion-Led Pelicans…

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  • Sky Metals Limited’s (ASX:SKY) Shift From Loss To Profit

    Sky Metals Limited’s (ASX:SKY) Shift From Loss To Profit

    Sky Metals Limited (ASX:SKY) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Sky Metals Limited engages in the exploration and development of mineral resources in Australia. On 30 June 2025, the AU$60m market-cap company posted a loss of AU$3.2m for its most recent financial year. As path to profitability is the topic on Sky Metals’ investors mind, we’ve decided to gauge market sentiment. We’ve put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

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    Sky Metals is bordering on breakeven, according to some Australian Metals and Mining analysts. They anticipate the company to incur a final loss in 2027, before generating positive profits of AU$4.0m in 2028. So, the company is predicted to breakeven approximately 3 years from today. How fast will the company have to grow each year in order to reach the breakeven point by 2028? Working backwards from analyst estimates, it turns out that they expect the company to grow 88% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

    ASX:SKY Earnings Per Share Growth October 28th 2025

    Given this is a high-level overview, we won’t go into details of Sky Metals’ upcoming projects, though, take into account that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.

    Check out our latest analysis for Sky Metals

    One thing we’d like to point out is that Sky Metals has no debt on its balance sheet, which is rare for a loss-making metals and mining company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company.

    There are key fundamentals of Sky Metals which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Sky Metals, take a look at Sky Metals’ company page on Simply Wall St. We’ve also compiled a list of pertinent aspects you should further examine:

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  • Bananas could be ruining your smoothie’s health benefits

    Bananas could be ruining your smoothie’s health benefits

    Smoothies are a quick and delicious way to load up on fruits and vegetables, but some ingredient combinations may not be as healthy as they seem. Scientists from the University of California, Davis, discovered that the types of fruits blended…

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  • Bananas could be ruining your smoothie’s health benefits

    Bananas could be ruining your smoothie’s health benefits

    Smoothies are a quick and delicious way to load up on fruits and vegetables, but some ingredient combinations may not be as healthy as they seem. Scientists from the University of California, Davis, discovered that the types of fruits blended…

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  • Celebrating Three Finalist Recognitions at MIPIM Asia 2025 Awards

    Celebrating Three Finalist Recognitions at MIPIM Asia 2025 Awards

    We have exciting news to share. Three of our landmark projects have been selected as finalists at the prestigious MIPIM Asia 2025 Awards, each competing in distinct categories. This recognition reflects our unwavering commitment to placemaking across Asia.


    Our Finalist Projects:

    18 Cross, SingaporeBest Urban Regeneration Project
    This transformation of the former Cross Street Exchange has created a thriving destination in Singapore’s CBD. The14,000 sqm development seamlessly merges a contemporary 15-storey Grade A office tower with heritage shophouses, achieving both Green Mark and WELL Platinum certifications. With its biophilic design, energy-efficient systems, and EV infrastructure, 18 Cross exemplifies how thoughtful regeneration can honour the past while building for the future.

    Taichung D‑ONE, TaiwanBest New Mega Development Project
    Taichung D‑ONE is a visionary 47,000 sqm transit-oriented development that weaves together landscape, architecture, and cultural identity. Positioned at a strategic transportation nexus connecting highway, metro, and high-speed rail, Taichung D‑ONE is set to become a civic-commercial landmark. Beyond its department store and conference facilities, themed zones throughout the project create a more diverse and engaging urban destination.

    Wuhan Alibaba Centre, ChinaBest Mixed-Use Project
    Our latest collaboration with Alibaba brings 450,000sqm of smart, integrated space to central China. The development features twin towers (272.5m and 173m) with a six-storey retail podium, all inspired by the traditional Kongming lock” with its intricate interlocking forms. This dynamic hub fuses talent, entrepreneurship, commerce, and lifestyle, creating versatile public spaces designed for the modern digital economy.

    Winners will be revealed at the Gala Dinner on December 4th at Rosewood Hong Kong, coinciding with the MIPIM Asia Summit on December 3rd-4th.

    We’re honoured to be recognised alongside Asia’s finest developments and look forward to celebrating this milestone with our clients, partners, and the wider community.

    Discover the full list of finalists: https://​awards​.mip​im​-asia​.com/​m​i​p​i​m​a​s​i​a​a​w​a​r​d​s​2​0​2​5​/​e​n​/​p​a​g​e​/​s​h​o​r​t​l​i​s​t​e​d​-​w​i​n​n​e​r​s​-2025

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