http://hongkongbizz.com | BUSINESS | FINANCE | NEWS | OPPORTUNITY | REAL ESTATE | TELECOM | Tue, 22 May 2012 16:09:18 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://hongkongbizz.com/finance/hsbc-says-turnaround-plan-on-target-costs-cut-by-2-billion/ http://hongkongbizz.com/finance/hsbc-says-turnaround-plan-on-target-costs-cut-by-2-billion/#comments Sat, 19 May 2012 18:20:53 +0000 admin http://hongkongbizz.com/finance/hsbc-says-turnaround-plan-on-target-costs-cut-by-2-billion/ HONG KONG (Reuters) – HSBC, Europe's biggest bank, said it cut costs by $2 billion (1 billion pounds) after one year of a 3-year turnaround plan, and is on target to meet its return on equity and other financial targets. The bank is close to already achieving the bottom end of a $2.5-$3.5 billion range of annualised savings by next year, as set out by CEO Stuart Gulliver, who is steering HSBC … (read the rest of the story…) Related items HSBC doubles turnaround target to $2 billion OFWs say no plan to bring kin to Hong Kong Hong Kong shares close 1.21% higher China’s Hong Kong Succession Takes Shape as Tang Steps Down Asian stocks fall as fears outweigh debt vote]]>

HONG KONG (Reuters) – HSBC, Europe's biggest bank, said it cut costs by $2 billion (1 billion pounds) after one year of a 3-year turnaround plan, and is on target to meet its return on equity and other financial targets. The bank is close to already achieving the bottom end of a $2.5-$3.5 billion range of annualised savings by next year, as set out by CEO Stuart Gulliver, who is steering HSBC …
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/hsbc-says-turnaround-plan-on-target-costs-cut-by-2-billion/feed/ 0 http://hongkongbizz.com/finance/former-dewey-leboeuf-lawyers-join-dla-piper-hong-kong-office/ http://hongkongbizz.com/finance/former-dewey-leboeuf-lawyers-join-dla-piper-hong-kong-office/#comments Sat, 19 May 2012 07:02:31 +0000 admin http://hongkongbizz.com/finance/former-dewey-leboeuf-lawyers-join-dla-piper-hong-kong-office/ The DLA Piper law firm announced that a group of lawyers led by partners Joyce Chan and Heng Loong Cheong will join its Hong Kong office from Dewey & LeBoeuf. The move signals yet another step in the meltdown of … (read the rest of the story…) Related items HSBC says turnaround plan on target, costs cut by $2 billion Saxo Bank Takes Two Awards at the 2012 World Finance Awards Ropes & Gray prepares to offer Hong Kong law advice with local hires Hong Kong economy slowed in first quarter Hong Kong economy slows in Jan-Mar]]>

The DLA Piper law firm announced that a group of lawyers led by partners Joyce Chan and Heng Loong Cheong will join its Hong Kong office from Dewey & LeBoeuf. The move signals yet another step in the meltdown of …
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/former-dewey-leboeuf-lawyers-join-dla-piper-hong-kong-office/feed/ 0 http://hongkongbizz.com/finance/saxo-bank-takes-two-awards-at-the-2012-world-finance-awards/ http://hongkongbizz.com/finance/saxo-bank-takes-two-awards-at-the-2012-world-finance-awards/#comments Tue, 15 May 2012 02:20:26 +0000 admin http://hongkongbizz.com/finance/saxo-bank-takes-two-awards-at-the-2012-world-finance-awards/ HONG KONG– – Saxo Bank , the online trading and investment specialist, has won two awards at this year's World Finance 2012 Foreign Exchange Awards. Saxo Bank walked away with the Best White Label Solution … (read the rest of the story…) Related items HK should make Malaysia its Asean financial hub: Donald Lim Saxo Bank Scoops 4 Awards at the Social Forex Awards 2011 Asian stocks mostly higher on Greek debt vote OFWs say no plan to bring kin to Hong Kong Office rents set to slide in Singapore, Hong Kong]]>

HONG KONG– – Saxo Bank , the online trading and investment specialist, has won two awards at this year's World Finance 2012 Foreign Exchange Awards. Saxo Bank walked away with the Best White Label Solution …
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/saxo-bank-takes-two-awards-at-the-2012-world-finance-awards/feed/ 0 http://hongkongbizz.com/finance/ropes-gray-prepares-to-offer-hong-kong-law-advice-with-local-hires/ http://hongkongbizz.com/finance/ropes-gray-prepares-to-offer-hong-kong-law-advice-with-local-hires/#comments Tue, 15 May 2012 02:19:50 +0000 admin http://hongkongbizz.com/finance/ropes-gray-prepares-to-offer-hong-kong-law-advice-with-local-hires/ Ropes & Gray has hired two Hong Kong partners in preparation for the launch of its Hong Kong law practice on 28 May. (read the rest of the story…) Related items Kirkland & Ellis Targets Asia Deals With Skadden, Latham Hong Kong Hires Kirkland & Ellis Hire Skadden, Latham Partners in Hong Kong Push UPDATE 2-Hong Kong SFC to name M&A lawyer Alder as head-sources Hong Kong economy slowed in first quarter Hong Kong economic growth slows to 0.4% in January-March]]>

Ropes & Gray has hired two Hong Kong partners in preparation for the launch of its Hong Kong law practice on 28 May.
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/ropes-gray-prepares-to-offer-hong-kong-law-advice-with-local-hires/feed/ 0 http://hongkongbizz.com/finance/hong-kong-economy-slowed-in-first-quarter/ http://hongkongbizz.com/finance/hong-kong-economy-slowed-in-first-quarter/#comments Sat, 12 May 2012 18:23:57 +0000 admin http://hongkongbizz.com/finance/hong-kong-economy-slowed-in-first-quarter/ HONG KONG: Hong Kong’s economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy, the government said. (read the rest of the story…) Related items Hong Kong economy slows in Jan-Mar Hong Kong economic growth slows to 0.4% in January-March Hong Kong Exchange Considers Loan for London Bid 13. A conscientious budget Dim Sum Loans May Triple This Year as BoCom Sees ‘Golden Era’]]>

HONG KONG: Hong Kong’s economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy, the government said.
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/hong-kong-economy-slowed-in-first-quarter/feed/ 0 http://hongkongbizz.com/finance/hong-kong-economy-slows-in-jan-mar/ http://hongkongbizz.com/finance/hong-kong-economy-slows-in-jan-mar/#comments Fri, 11 May 2012 20:02:07 +0000 admin http://hongkongbizz.com/finance/hong-kong-economy-slows-in-jan-mar/ HONG KONG: Hong Kong's economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy, the government said Friday. (read the rest of the story…) Related items Hong Kong economy slowed in first quarter Hong Kong economic growth slows to 0.4% in January-March Asian markets slump for second day Hong Kong economy slows in January-March Hong Kong confirms LME interest]]>

HONG KONG: Hong Kong's economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy, the government said Friday.
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/hong-kong-economy-slows-in-jan-mar/feed/ 0 http://hongkongbizz.com/finance/hong-kong-economic-growth-slows-to-0-4-in-january-march/ http://hongkongbizz.com/finance/hong-kong-economic-growth-slows-to-0-4-in-january-march/#comments Fri, 11 May 2012 20:01:45 +0000 admin http://hongkongbizz.com/finance/hong-kong-economic-growth-slows-to-0-4-in-january-march/ HONG KONG – Hong Kong's economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy, the government said Friday, May 11. The economy grew 0.4% year-on-year in the first 3 months of the year compared with 3% in the … (read the rest of the story…) Related items Hong Kong economy slowed in first quarter Hong Kong economy slows in Jan-Mar Hong Kong Exchange Considers Loan for London Bid Tycoon arrests rock Hong Kong Standard Chartered Net Up 12%; Driven By Hong Kong, Singapore]]>

HONG KONG – Hong Kong's economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy, the government said Friday, May 11. The economy grew 0.4% year-on-year in the first 3 months of the year compared with 3% in the …
(read the rest of the story…)

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]]> http://hongkongbizz.com/finance/hong-kong-economic-growth-slows-to-0-4-in-january-march/feed/ 0 http://hongkongbizz.com/finance/ipos-get-riskier-for-bankers-as-hong-kong-weighs-prison-terms/ http://hongkongbizz.com/finance/ipos-get-riskier-for-bankers-as-hong-kong-weighs-prison-terms/#comments Thu, 10 May 2012 21:37:06 +0000 admin http://hongkongbizz.com/finance/ipos-get-riskier-for-bankers-as-hong-kong-weighs-prison-terms/ Bankers may face prison for misleading information in share-sale documents under a proposal by Hong Kong regulators that could raise the cost and risk of arranging initial public offerings in the city. (read the rest of the story…) Related items IMF Says Hong Kong At Risk Of Recession IMF: Hong Kong In Risk Of Recession If Euro-Zone Situation Worsens Prada IPO Grapples With Hong Kong Slump Prada Grapples With Hong Kong Slump as IPOs Drop in China Rout Ropes & Gray prepares to offer Hong Kong law advice with local hires]]>

Bankers may face prison for misleading information in share-sale documents under a proposal by Hong Kong regulators that could raise the cost and risk of arranging initial public offerings in the city.
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]]> http://hongkongbizz.com/finance/ipos-get-riskier-for-bankers-as-hong-kong-weighs-prison-terms/feed/ 0 http://hongkongbizz.com/finance/hong-kong-exchanges-said-to-hire-banks-for-lme-bid-loan/ http://hongkongbizz.com/finance/hong-kong-exchanges-said-to-hire-banks-for-lme-bid-loan/#comments Thu, 10 May 2012 21:37:00 +0000 admin http://hongkongbizz.com/finance/hong-kong-exchanges-said-to-hire-banks-for-lme-bid-loan/ LME, the world’s biggest metals bourse, began a process in September that it said may lead to its sale. CME Group Inc. (CME) , NYSE Euronext (NYX) and IntercontinentalExchange Inc. (ICE) were among suitors to submit offers before a May 7 deadline, according to five people with direct knowledge of the matter. (read the rest of the story…) Related items Hong Kong Exchange Considers Loan for London Bid Merger Not Most Effective Way to Grow: HK Bourse Head United Company RUSAL Plc: Annual Results Announcement for the Year Ended 31 December 2011 Traders In Hong Kong Are Actively Protesting Against A Shorter Lunch Break H.K. Builders to Push Sales, Sell Shares as Loan Costs Rise]]>

LME, the world’s biggest metals bourse, began a process in September that it said may lead to its sale. CME Group Inc. (CME) , NYSE Euronext (NYX) and IntercontinentalExchange Inc. (ICE) were among suitors to submit offers before a May 7 deadline, according to five people with direct knowledge of the matter.
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]]> http://hongkongbizz.com/finance/hong-kong-exchanges-said-to-hire-banks-for-lme-bid-loan/feed/ 0 http://hongkongbizz.com/finance/aviva-puts-malaysian-business-on-block-sources/ http://hongkongbizz.com/finance/aviva-puts-malaysian-business-on-block-sources/#comments Wed, 09 May 2012 12:03:50 +0000 admin http://hongkongbizz.com/finance/aviva-puts-malaysian-business-on-block-sources/ HONG KONG (Reuters) – British insurer Aviva plc has put its Malaysian operations on the block and is close to hiring a bank to help with the sale process, sources familiar with the matter told Reuters, in a deal potentially worth about $200 million (124 million pounds). Related Stories London finance firms seen cutting 25,000 jobs in 2012 Shop Direct hires Serco to run its customer services M&A … (read the rest of the story…) Related items Hong Kong economy slowed in first quarter Hong Kong economy slows in Jan-Mar Hong Kong economic growth slows to 0.4% in January-March Hong Kong confirms LME interest Hong Kong fines IPO sponsor firm]]>

HONG KONG (Reuters) – British insurer Aviva plc has put its Malaysian operations on the block and is close to hiring a bank to help with the sale process, sources familiar with the matter told Reuters, in a deal potentially worth about $200 million (124 million pounds). Related Stories London finance firms seen cutting 25,000 jobs in 2012 Shop Direct hires Serco to run its customer services M&A …
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