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Month: October 2024

Posted on 31/10/2024

HSBC coy on cost savings of revamp as quarterly profit tops expectations

HSBC Holdings beat third quarter profit expectations on Tuesday thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping overhaul of its ...

Posted on 31/10/2024

AIA posts record third-quarter new business value on China, Hong Kong growth

(Reuters) -Hong Kong-based insurer AIA Group reported a record value of new business (VONB) for the third quarter on Thursday, driven by strong demand for products in its key markets, China and Hong ...

Posted on 31/10/2024

Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong

US-listed Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business in the financial hub, according to Chief Executive Officer Shen Peng. The online ...

Posted on 31/10/2024

AIA Group posts record third-quarter new business value

Hong Kong-based insurer AIA Group reported a record value of new business (VONB) in the third quarter on Thursday, driven by strong growth across major operations.The insurer's VONB, which gauges ...

Posted on 31/10/2024

StanChart to double down on wealth business, trim retail as it lifts outlook

Standard Chartered upgraded key performance targets as its quarterly profit topped market estimates, and said it will double down on its wealth business while slashing back retail banking in a bid to ...

Posted on 31/10/2024

Hong Kong police escort British suspect back to scene of alleged murder of Indonesian helper

Sources say force still treating case as murder despite claims woman jumped to her death after suspect wanted to break off affair.

Posted on 31/10/2024

Indonesian helper found dead in Hong Kong waterfall had affair with arrested man: source

Source says helper had become ‘emotionally agitated’ and ‘suddenly jumped off waterfall’, while man fled the scene without calling police.

Posted on 31/10/2024

Hong Kong newborns to get mainland China entry permits on the spot at some border crossings

New arrangement at four border checkpoints will replace current five-working-day waiting time, but no implementation date set.

Posted on 30/10/2024

HSBC will primarily cut senior roles in overhaul of management structure: CEO

The cuts will take place swiftly, with the outcome of the restructuring to be disclosed in February 2025. Read more at straitstimes.com.

Posted on 30/10/2024

Access Bank Speaks on Opening New Office in Hong Kong, US, Shares Plan to Meet New Capital

Nigeria's largest bank is considering selling dollar-denominated securities on the domestic market to finance its expansion plans and meet CBN's capital requirement.

Posted on 30/10/2024

Boulter through to quarter-finals of Hong Kong Open

British number one Katie Boulter makes the quarter-finals of the Hong Kong Open with a straight-set win over China's Wang Xiyu.

Posted on 30/10/2024

7-seater vehicle loses control in Hong Kong’s North Point, hits 2 pedestrians

The vehicle was travelling down Cheung Hong Street when the driver appeared to lose control at the junction with King’s Road. The vehicle struck the two pedestrians as they were crossing the road at ...

Posted on 30/10/2024

Ex-Baidu AI Scientist Becomes A Billionaire After Shares Of His Self-Driving Tech Startup Jumps 16%

Yu Kai, the 47-year-old chairman and CEO of Horizon Robotics, enters the billionaire ranks less than a week after his Beijing-based company went public in Hong Kong.

Posted on 30/10/2024

Singapore stocks end lower despite Hongkong Land’s rally; STI declines 0.9%

Property group Hongkong Land puts up strong showing with 10.8% jump; parent Jardine Matheson gains 5.1% Read more at straitstimes.com.

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