BUSINESS

Hong Kong exchange trading disrupted as hackers target

HONG KONG (Reuters) – The Hong Kong stock exchange was forced to suspend trading in stocks including HSBC Holdings after hackers broke into the exchange’s website on Wednesday, preventing investors from accessing company announcements made during the midday break. (read on…) People who looked at this item also looked at… Capital One in frame...

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Hong Kong exchange trading disrupted as website hacked

HONG KONG, Aug 10 — The Hong Kong stock exchange was forced to suspend trading in stocks, including HSBC Holdings, after hackers broke into the exchange’s website today, preventing investors from accessing company announcements made during the midday break. “Our current assessment that this is a result of a malicious attack by outside hacking,”...

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Capital One in frame as HSBC readies U.S. cards sale

HONG KONG/LONDON (Reuters) – HSBC Holdings Plc has moved a step closer to the sale of its $30 billion (18 billion pound) U.S. credit card business, the bank said on Tuesday, confirming talks with an unnamed buyer that reports said was cards specialist bank Capital One . (read on…) People who looked at this...

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HSBC in talks to sell US credit card business

HONG KONG : HSBC said on Tuesday it is in talks to sell its United States credit card and retail services business as the global banking giant shifts focus to fast-growing markets, particularly in Asia. (read on…) Related items HSBC says in talks for possible sale of U.S. card, retail business Hong Kong top...

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HSBC says in talks for possible sale of U.S. card, retail business

HONG KONG (Reuters) – HSBC Holdings Plc, Europe’s biggest bank, said on Tuesday that it is in talks on the possible sale of its card and retail services business in the United States. (read on…) Related items HSBC eyes $3.5 bln in savings, reviews U.S. cards business Allianz, AXA among likely bidders for HSBC...

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Hong Kong provides vaults for pricey wines

Fergus Fung swipes his card across a sensor and waits as his face is scanned by a computer to verify his identity. A steel door opens, and the Hong Kong entrepreneur enters a vault that holds his treasures: bottles of… (read on…) Related items Face Scans Protect $230,000 Lafite From Hong Kong’s Thieves and...

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JAKKS Pacific to buy Hong Kong toy company

JAKKS Pacific will buy Moose Mountain Toymakers Limited, a Hong Kong-based company that makes arcade-style games, children’s tents and other toys. (read on…) Related items CNOOC Limited Announces Its 2012 Business Strategy and Development Plan Mr. Arnald Ho, Chairman of Print-Rite Holdings Limited, has won the Owner Operator Award by DHL/SCMP Hong Kong …...

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Hong Kong bag tax increases plastics use

A study from the Hong Kong plastics industry says that contrary to expectations, the city’s bag tax has increased the amount of plastic used in bags by more than 25%, prompting industry officials to question the two-year-old law’s environmental benefits. (read on…) Related items Hong Kong ushers in its first minimum wage Hong Kong...

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Research and Markets: Hong Kong – Broadband – Overview, Statistics and Forecasts – 2011

Research and Markets has announced the addition of the “Hong Kong – Broadband – Overview, Statistics and Forecasts” report to their offering. (read on…) Related items Research and Markets: Hong Kong Commercial Banking Report Q1 2012 Research and Markets: Electricity in Hong Kong – A 2011 Market Snapshot Research and Markets: Hong Kong Retail...

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Hong Kong’s formula for transit that makes money

In Seattle and other cities, transit is struggling for funding. In Hong Kong, the system is allowed to develop some property near stations, so it is flush with profits to plow into the rail lines. Also: a Koolhaas connection. (read on…) Related items Kingfisher Airlines in funding talks with Hong Kong's Lowy Huawei CEO’s...

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