Economy · London, UK · United Kingdom · October 27, 2026

HSBC announces $1 billion buyback

Reported by 2 outlets · first reported Oct 27, 4:28 AM ET · from an earlier edition that day

HSBC announced a buyback of up to $1 billion. Shares slumped on a revenue miss. Mercedes-Benz cut its 2026 profit outlook and Porsche cut China exposure.

Why it matters

Banks and carmakers face mixed global demand.

Background

China weakness has hit European carmakers.

Sources

• CNBC ↗Oct 27, 4:28 AM ET
• Al Jazeera Arabic ↗Oct 27, 8:50 AM ET
• CNBC ↗Oct 27, 6:08 AM ET

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