FINANCE

Julius Baer appoints new Asia CFO and Hong Kong COO

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Frank Keller will become the new chief financial officer Asia for Julius Baer, while Tobias Murer takes up the role of chief operating officer in Hong Kong — just as private banking competition is heating up. (read the rest of the story…) Related items Hong Kong economy slowed in first quarter Hong Kong economy...

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HK, China shares fall on materials, financial issues

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HONG KONG (Reuters) – Hong Kong and China shares declined on Wednesday, dragged down by materials and finance-related stocks as investors rotated selling and took profit in cyclical sectors with risk aversion staying high in global markets. Hong Kong stocks slid below a psychological support of about 18,000 after a steep fall in HSBC...

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Hong Kong Stocks Decline, Headed for Six-Week Low, on Slower U.S. Growth

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Hong Kong stocks fell, with the Hang Seng Index (HSI) headed for its lowest close in six weeks, after a report showed the U.S. economy expanded less than economists estimated, damping the outlook for Asian exporters. (read the rest of the story…) Related items Hong Kong Index Falls to Two-Year Low Hong Kong Stocks...

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China and HK expand currency deal

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China continues to open up its currency to international trade and finance in a $63bn swap deal with Hong Kong. (read the rest of the story…) Related items Hong Kong economy slowed in first quarter Hong Kong Exchange Considers Loan for London Bid 13. A conscientious budget Is George Soros Thinking About Shorting Hong...

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NEWSMAKER – Ex-UBS star shakes and stirs at BofA Asia

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HONG KONG (Reuters) – When some bankers arrived late for work at Bank of America-Merrill Lynch’s Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens. (read the rest of the story…) Related items Saxo Bank Takes Two Awards at the 2012 World Finance Awards HK should...

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Ex-UBS star shakes and stirs at BofA Asia

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HONG KONG (Reuters) – When some bankers arrived late for work at Bank of America-Merrill Lynch’s Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens. The terse message: “Good afternoon” needed little further explanation. The notes were from Matthew Koder, former king of equity capital markets...

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Soft Start Seen For Hong Kong Stock Market

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The Hong Kong stock market has closed lower now in four straight trading days, falling more than 1,000 points or 5.4 percent in that span. The Hang Seng Index finished just below the 18,500-point plateau, and now investors are bracing for continued if mild easing when the market opens on Monday. (read the rest...

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Ackman Will Lose ‘Lot of Money’ on Hong Kong Currency Peg Bet, Tsang Says

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William Ackman, founder of hedge fund Pershing Square Capital Management LP, will “lose a lot of money” on his bet that Hong Kong will amend its currency peg to the dollar, city Chief Executive Donald Tsang said. (read the rest of the story…) Related items Ackman Bets Hong Kong Dollar to Appreciate Bill Ackman...

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Hong Kong’s entry to Asean-China FTA to be studied: Mustapa

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NUSA DUA (BALI): Asean economic ministers have directed their senior officials to study the economic benefits and implications of Hong Kong joining the Asean-China free trade area. (read the rest of the story…) Related items BENEFITS AND IMPLICATIONS OF HONG KONG’S ENTRY TO FTA ASEAN-CHINA TO BE STUDIED Apple’s Hong Kong mega store may...

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BENEFITS AND IMPLICATIONS OF HONG KONG’S ENTRY TO FTA ASEAN-CHINA TO BE STUDIED

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NUSA DUA (BALI), Nov 16 (Bernama) — Asean economic ministers have directedtheir senior officials to study the economic benefits and implications of HongKong joining the Asean-China free trade area.International Trade and Industry Minister Datuk Seri Mustapa Mohamed saidAsean had agreed that Hong Kong, a free trade port and a regional logistics hubsupported by excellent...

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