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U.K. markets news

CompaniesHSBC Q1 profits beat expectations
Profits at HSBC dipped in the first quarter but still came in ahead of estimates, as Europe's biggest bank by assets announced it had completed the largest fundraising by a lender since the financial crisis in the period.
HSBC Earnings Hit by Market Volatility  Wall Street Journal
HSBC reports 18% fall in profits  BBC News
South China Morning Post  
The Bank of Mum and Dad is huge, but not enough to solve housing crisis
If you are aged 50-plus and have children, then the UK's strongest “Challenger Bank” is probably headquartered in your living room.
Bank of mum and dad propping up a quarter of 2016 mortgages  Daily Mail
'Bank of mum and dad' lends �5bn a year in UK, says L&G  BBC News
British gov't launches major study into unfair tipping practices
LONDON, May 2 (Xinhua) -- A major study of tipping practices in restaurants and bars was announced Monday by the British government.
UK plan to get tips to staff who earned them  Irish Examiner
Before I became a restaurant critic, I didn't know the awful truth about ...  The Independent
Reckitt Benckiser official in South Korea smacked while apologising for deadly ...
Ata Safdar, the head of British consumer goods giant, Reckitt Benckiser in Korea and Japan was smacked over the neck while he tried to apologise for his company's involvement in the use of humidifier sterilisers that were linked to deadly lung injuries ...
Reckitt Benckiser executive slapped while apologising for toxic disinfectant ...  The Independent
Consumer goods giant accepts responsibility for role in lung injuries  Times of Malta
RBA slashes interest rates
Adam Creighton has been The Australian's Economics Correspondent since 2012. Before that he worked for a classically liberal think tank and as an economic adviser for the federal Leader of the Opposition.
EconomyRBA cuts interest rates to record low, AUD tumbles  Financial Times
Australia cuts interest rates to 1.75% ahead of budget  BBC News
Anyone Could Have Invented Bitcoin
We love the idea of the lone genius inventing something wholly unexpected, but Bitcoin's back-story doesn't work that way.
Craig Wright as Bitcoin creator? Why the search for Satoshi Nakamoto won' ...  The Indian Express
Bitcoin's creator unmasks himself _ well, maybe  News & Observer
The deadline for buyers of Tata Steel UK to submit their first bids is today
Today is the deadline for potential buyers of Tata Steel UK to submit their initial bids for the company's assets. Sanjeev Gupta's Liberty House yesterday confirmed that it will submit a letter of intent today and other buyers are expected to do so ...
Steel: Liberty to submit bid for Tata's UK business  BBC News
Steel fundamentally is still a profitable business:Sanjeev Gupta  Moneycontrol.com
China Manufacturing Gauge Weakens Further as Economy Loses Steam
BEIJING—A gauge of China's manufacturing industry edged down in April, reinforcing doubts about whether government stimulus measures can sustain growth in the world's second-largest economy.
Eurozone Manufacturing PMIs Remain Weak  Seeking Alpha
China April factory activity contracts again, more layoffs - Caixin PMI  Reuters UK
Asian stocks break four-day losing streak, RBA in focus
HONG KONG Asian stocks snapped a four-day losing streak on Tuesday as an overnight bounce in U.S. shares boosted risk appetite while gold briefly popped to a one-year high on growing expectations of more policy stimulus.
Asian Stocks Pare Gains, Yen Extends Rally  NDTV
Dollar sets fresh 18-month low vs yen, Aussie awaits RBA  The Indian Express
Oil prices dip on rising Middle East supply
SINGAPORE Oil prices dipped in early Asian trading on Tuesday on signs that production in the Middle East is continuing to rise, countering falls in U.S.
Oil prices rise as dollar slips to 18-month low against yen  Economic Times
Oil prices rebound in Asia but gains limited by glut fears  gulfnews.com