Category: FINANCE

HONG KONG: Bocom International Holdings, the Hong Kong securities brokerage of the Bank of Communications, plans to raise up to HK$2.37 billion ($304.6 million) in a global initial public offering, the company said on Thursday. Bocom International will ... ( read original story ...)

HSBC’s shares rose 3 per cent in London on Thursday, outperforming a 1 per cent rise in the STOXX European banks index and following an earlier 2 per cent rise in Hong Kong. HSBC is still Europe’s biggest bank despite slimming down in recent years. ( read original story ...)

HONG KONG--(BUSINESS WIRE)-- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT Group, today announced that its Financial Data Center Tower 2 (FDC2) becomes the first service provider’s data ... ( read original story ...)

plans to raise up to $267 million in a Hong Kong initial public offering, IFR reported on Thursday, citing people close to the deal. The company, a unit of Bank of Communications Co Ltd (BoCom) , will offer 667 million shares and will give an indicative ... ( read original story ...)

HONG KONG HSBC Holdings Plc on Thursday reported a 19 percent fall in first quarter profit, as Europe's biggest bank battles to restore flagging revenues following its restructuring. HSBC said pretax profit for the first three months of the year fell to $5 ... ( read original story ...)

HONG KONG – HSBC says quarterly pretax profits rose 12 percent as improved trading and rising interest rates helped support the London-based global bank's businesses. The bank said on Thursday that profit for the first three months of the year ... ( read original story ...)

Shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock ... ( read original story ...)

May 2 Hong Kong stocks followed Asian shares higher, as optimism over strong tech industry earnings and receding concerns over North Korea offset softer-than-expected factory surveys in China and the United States. The Hang Seng index rose 0.3 percent ... ( read original story ...)

Elsewhere, in the real world, we can see the stage is set for another grind higher in Asia, with a slightly higher open expected in Japan and Hong Kong. The Hang Seng looks interesting ... Of course, all eyes on the Reserve Bank statement at 14:30 AEST ... ( read original story ...)

Hong Kong stock followed Asian shares higher, as growing optimism for strong tech industry earnings and receding concerns over North Korea offset softer-than-expected factory readings in China and the United States. The Hang Seng index added 0.3 percent ... ( read original story ...)

ICICI Bank, Infosys and Wipro. Among Asian markets, Japan's Nikkei was up 0.70 percent while Hong Kong's Hang Seng gained 0.27 percent in early trade today. Shanghai Composite Index, however, fell 0.32 percent. The US Dow Jones Industrial Average ended 0 ... ( read original story ...)

Recent solid quarterly earnings announcements from HDFC Bank, IndusInd Bank and Reliance Industries ... Asian markets were weak with Japan's Nikkei and Hong Kong's Hang Seng closing down 0.3% each, Korea's Kospi was down 0.2% and Singapore's Strait Times ... ( read original story ...)

Investors are giving out mixed signals in today’s Asian markets as the Tokyo Stock Exchange and Hong Kong Stock exchange are closed for public holidays. A lack of clarity from the Nikkei and Hang Seng makes trading patterns for the Chinese, Australian ... ( read original story ...)

In Asia Pacific equities, futures tip the S&P/ASX 200 index to dip 0.1 per cent at the open in Sydney, while Hong Kong’s Hang Seng is set to climb 0.1 per cent when trading begins. Tokyo’s stock market is off today for Greenery Day; it will also be off ... ( read original story ...)