Category: FINANCE

In an acknowledgement of the looming competition, HSBC said in June it would waive fees on accounts without a certain minimum balance. The British bank said the move was to promote financial inclusion ... ( read original story ...)

Hong Kong leader Carrie Lam defended law enforcement actions Tuesday after protesters prompted an airport shutdown with calls to investigate alleged police brutality. At one of the world's busiest ... ( read original story ...)

In the first half of 2019, its throughput was down 8.1% versus the same period last year. A hit to Hong Kong’s status as a financial and trade hub would reverberate around a region already showing ... ( read original story ...)

HONG KONG — Hong Kong’s Airport Authority said ... Increasingly violent protests have plunged the Asian finance hub into its most serious political crisis in decades, posing a challenge ... ( read original story ...)

In Hong Kong, pro-democracy protesters on Monday managed ... is seen as a relatively safe investment in times of political and financial uncertainty. The yen rose to a seven-month high against ... ( read original story ...)

Hong Kong has seen two months of anti-government demonstrations that have increasingly impacted day-to-day operations in the financial hub. 10:30 a.m. Hong Kong leader Carrie Lam has defended law ... ( read original story ...)

HONG KONG — Shares in mainland China fell on Tuesday after data showed banks gave out fewer new loans than expected in July to support slowing economic growth, while escalating protests in Hong ... ( read original story ...)

HONG KONG — Chinese shares fell on Tuesday after ... according to data released by the People’s Bank of China on Monday. ** Analysts expect Beijing to allow more easing to energize growth. ( read original story ...)

Hong Kong’s stock market is going through its worst summer since 2012, as fundraising activity dwindled to a single initial public offering (IPO) in August, while a worsening US-China trade war and ... ( read original story ...)

The shock exit of two high-level HSBC executives within a week, including its top executive and the head of key China business, has put the 150-year-old, London-based banking giant under public ... ( read original story ...)

The Hang Seng Index .HSI fell 2.1% to 25,281.30 points ... Local interbank rates HIBOR= have not moved much but a key gauge of cash levels in Hong Kong, banks’ aggregate balances held with the central ... ( read original story ...)

The Hong Kong stock market on Tuesday fell to its lowest level in over seven months, as escalating anti-government protests left the city’s airport in a gridlock on Monday. ** At the close of trade, ... ( read original story ...)

Bank, developer and casino ... Profits for members of the Hang Seng Index are forecast to drop the most since the global financial crisis this year, data compiled by Bloomberg show. Read: Hong Kong ... ( read original story ...)

Hong Kong’s Hang Seng Index HSI, -1.74% fell 1.7% ... but braced for a stumble,” said Vishnu Varathan of Mizuho Bank in a report. On Wall Street, the benchmark S&P 500 had its biggest decline in a ... ( read original story ...)