Category: FINANCE

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 ...)

HSBC’s choice of Guangdong and the Pearl River Delta to front its China strategy is hardly surprising, given their proximity to Hong Kong, which benefits the bank as far as Chinese consumers’ recognition of the HSBC brand goes. The bank, first called ... ( read original story ...)

Retail banking in Hong Kong seems resilient if you look at the number of outlets. Elsewhere in the world, bank branches have been closing; in Hong Kong, by and large, they have stayed open. HSBC will have halved its UK presence compared to 2011 by the end ... ( read original story ...)

It’s a favorite topic in Hong Kong’s traditional cha chaan teng , or tea shops: How much higher can property prices go? Housing in the Asian finance hub is already the world’s most unaffordable, having surged nearly 200% since the financial crisis in ... ( read original story ...)

Tight control over banks and their senior personnel has long given China a ready-made platform to control its financial institutions. But controlling the effects of financial contagion is very different from the supply side policies that central planners ... ( read original story ...)