HSBC launched a $3 billion share buyback after reporting a 25% fall in first-quarter profit on Tuesday, and warned of a possible hit to loan demand and credit quality in the face of U.S. President ...
HSBC sees up to $1.6 billion in loss on China bank stake reduction
HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the Chinese bank's fundraising by ...
HSBC Q1 profit drops 25%; launches US$3 billion buyback
The bank reported US$900 million in expected credit losses for the quarter to reflect heightened economic uncertainty. Read more at straitstimes.com. Read more at straitstimes.com.
HSBC set on US$3b share buyback as profit falls 25pc
HSBC launched a US$3 billion share buyback after reporting a 25 percent fall in first-quarter profit on Tuesday and warned of heightened business ...
HSBC Books 25% Fall in First Quarter Profit; Beats Estimates
HONG KONG (Reuters) - HSBC reported a 25% fall in first-quarter profit on Tuesday, beating market expectations, due to one time charges related to disposals of its banking business in Canada and ...
First batch of Hong Kong democrats freed after four years’ prison for subversion
The first batch of individuals jailed in the landmark Hong Kong national security trial of “47 democrats” accused of conspiracy to commit subversion was freed on Tuesday after being behind bars for ...
Hong Kong faces a ‘survival test’ and the airport is suffering from U.S.-China trade war, says lawmaker
Kennedy Wong, a member of Hong Kong's Legislative Council and the honorary president of the Hong Kong Chinese Importers' and Exporters' Association, discusses what steps he thinks the city should take ...
Hong Kong’s lesson from 1967: Fight for flows
A previous generation of the affluent Chinese diaspora, which had made its money in resources like rubber, sugar, palm oil, and tin before and during World War II, stormed out of the British pound ...
Hong Kong frees four pro-democracy lawmakers after completing jail terms
Hong Kong has released four former opposition lawmakers who were among dozens of pro-democracy leaders jailed under the city's controversial National Security Law (NSL). The four - Claudia Mo, Kwok Ka ...
Seminar on RMB internationalisation held in Laos
Vientiane: The Bank of China (Hong Kong) Vientiane Branch hosted a seminar on the internationalisation of the Chinese currency renminbi (RMB), focusing on new opportunities and developments in ...
Hong Kong stocks rise as investors await earnings from HSBC, ICBC, China Construction Bank
US Treasury Secretary said Beijing has to take the first step in de-escalating the tariff fight with Washington.
4 former Hong Kong lawmakers freed after years in prison under a Beijing-imposed security law
Four former Hong Kong lawmakers were freed from prison on Tuesday, having served more than four years for their conviction under a Beijing-imposed law that crushed a once-thriving pro-democracy ...
First batch of Hong Kong democrats freed after 4 years’ jail for subversion
The first batch of individuals jailed in the landmark Hong Kong national security trial of "47 democrats" accused of conspiracy to commit subversion was freed on Tuesday after being behind bars for ...
Hong Kong opposition ex-lawmakers jailed for subversion leave prison
Four former Hong Kong opposition lawmakers who were jailed in the city's largest national security case were released on Tuesday after completing their prison terms, the first among 45 convicted to ...