HSBC's up-to-$2.5 billion buy-back soothes investors as profit slips nearly a third

HONG KONG/LONDON (Reuters) - HSBC said its first-half profit tumbled 29 percent, slammed by slowing growth in its home markets in Britain and Hong Kong, but Europe's biggest bank cheered investors by announcing plans to buy back up to $2.5 billion (1.8 billion pounds) of its shares.

from Reuters: Top News http://uk.reuters.com/article/uk-hsbc-results-idUKKCN10E0D1?feedType=RSS&feedName=topNews