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Posted on 08/11/2024

HSBC HOLDINGS May Announce New Round of Layoffs within Weeks to Streamline Structure

Michael Roberts, head of HSBC HOLDINGS (00005.HK)'s newly established global wholesale banking unit, said the bank will seek to wrap up the ongoing restructuring very swiftly and may announce the ...

Posted on 08/11/2024

HSBC HOLDINGS Buys Back Total 8.81M+ Shrs for $638M Ytd

HSBC HOLDINGS (00005.HK) repurchased a total of 8.8119 million shares in the UK and Hong Kong markets yesterday (7th), involving a total amount of $638 million, according to HSBC HOLDINGS' ...

Posted on 08/11/2024

Will Trump use threat of closing Hong Kong trade offices as bargaining chip with Beijing?

Bill allowing president to close city's trade missions has passed House and could become tool for Trump to negotiate with China, experts say US President-elect Donald Trump may use legislation aimed ...

Posted on 08/11/2024

Hong Kong central bank cuts interest rate after Fed move

The Hong Kong Monetary Authority (HKMA) on Friday cut its base rate charged via the overnight discount window by 25 basis points to 5.0%, tracking a move by the U.S. Federal Reserve.

Posted on 08/11/2024

Hong Kong Observatory to raise T1 typhoon warning between noon and 3 pm as Tropical Cyclone Yinxing nears

The Hong Kong Observatory will raise the T1 storm warning between noon and 3 pm on Friday as Tropical Cyclone Yinxing edges closer to the city. The forecaster said on Friday that Yinxing had entered ...

Posted on 08/11/2024

Hong Kong tabloids painted Louis Cheung as dependent on singer wife Kay Tse, but as an acclaimed actor he’s standing on his own two feet now

Hong Kong tabloids painted Louis Cheung as dependent on singer wife Kay Tse, but as an acclaimed actor he’s standing on his own two feet now.

Posted on 08/11/2024

Hong Kong financial secretary highlights strategy to bolster regional insurance leadership

At the 2024 Insurance Summit held on Nov. 7, Financial Secretary Paul Chan highlighted Hong Kong’s key role in the insurance sector and outlined a range of initiatives aimed at strengthening its ...

Posted on 08/11/2024

Hang Seng Index Celebrates 55 Years of Market Leadership

The Pulse of Hong Kong's Markets for Over Half a Century HONG KONG, Nov. 7, 2024 /PRNewswire/ -- Hang Seng Indexes Company Limited ('HSIL'), a wholly- owned subsidiary of Hang Seng Bank, today ...

Posted on 08/11/2024

Nearly six in 10 Hong Kong employees expect year-end bonus: report

Nearly 60% of employees in Hong Kong are expecting a year-end bonus that they can save or use as travel funds, according to a new survey from the Standard Chartered Bank Ltd. The poll, which surveyed ...

Posted on 07/11/2024

Hongkong Land’s new strategy is positive for the long term but near-term earnings will remain volatile, says Morningstar

However, in the shorter term, Lee sees Hongkong Land’s near-term earnings to remain “volatile” as the company has to balance between exiting its development property business, the sale of its ...

Posted on 07/11/2024

Hong Kong man found guilty of manslaughter for killing girlfriend, 2 children

Iu Wai-cheung, who slashed his partner more than 100 times, was acquitted of murder but judge says sentence will not be ‘a year or two’.

Posted on 07/11/2024

Hong Kong restaurant apologizes for denying entry to Paralympic gold medalist in wheelchair

A Hong Kong restaurant has issued an apology after Paralympic gold medalist Ho Yuen-kei reported being denied service by a staff member who claimed her wheelchair would disrupt other diners.

Posted on 07/11/2024

Super Typhoon Yinxing: Hong Kong will issue T1 warning between noon and 3pm on Friday

The Hong Kong Observatory may issue the No 1 standby signal as early as Friday as typhoon Yinxing intensified gradually into a super typhoon on Wednesday.

Posted on 07/11/2024

Hong Kong’s Ocean Park to celebrate panda cubs’ 100th day with red eggs, ginger pork knuckles

Festivities to be held over two days on November 23 and 24, coinciding with reopening of some giant panda attractions.

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