Europe’s biggest bank by assets also said it expects to meet an annual target for return on equity and upgraded its 2025 guidance for net interest income.
HSBC expects $1.1bn hit from legal fight over Madoff’s Ponzi scheme
HSBC will set aside $1.1bn for a lawsuit brought by investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi scheme after a Luxembourg court denied the bank’s appeal. The UK lender said on Monday it would recognise the provision in its third-quarter results and expected a 0.
Sany Heavy Industry rises in Hong Kong debut after $1.6 billion IPO
By Yantoultra Ngui SINGAPORE (Reuters) -Sany Heavy Industry shares rose as much as 4.7% in their Hong Kong debut on Tuesday after the Chinese construction machinery maker raised HK$12.36 billion ...
HSBC third-quarter profit slides 14% on legal charges but lifts income outlook
HSBC Holdings reported a 14% decline in third-quarter pretax profit on Tuesday, hurt by a $1.1 billion charge after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi ...
HSBC Quarterly Profit Falls on $1.1 Billion Hit From Madoff Lawsuit
The London-based bank said that net profit fell 21% from a year earlier to $4.87 billion for the three months ended September.
HSBC is bullish on 2025 despite hit from Madoff provision
[LONDON] HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade ago ...
Hong Kong runway resumes operations after fatal plane crash
More than 20 flights have used the runway since 7am on Oct 28. Read more at straitstimes.com. Read more at straitstimes.com.
Hong Kong actor Benz Hui has died at age 76
Hong Kong actor Benz Hui has died at the age of 76. According to Hong Kong broadcaster TVB, Hui died on Tuesday (Oct 28) morning due to multiple organ failure caused by cancer. The outlet added that ...
Sany Heavy Industries raises $1.7bn in Hong Kong debut
HONG KONG -- Shares of Sany Heavy Industries opened flat at 21.3 Hong Kong dollars in their debut on the Hong Kong Stock Exchange on Tuesday, after falling as much as 7% during gray market trading the ...
Hong Kong Property Losses Hit PE Funds After $17 Billion Rush
When Blackstone Inc. bet on Hong Kong’s commercial real estate sector in 2014, it bought a 20,000-square-foot retail space in the bustling Mong Kok district for HK$700 million ($90 million) to target ...
Hong Kong home prices grow for sixth month in September, up 1.3%
Home prices in Hong Kong grew 1.3% in September from August, marking the sixth consecutive month of increases, government data showed on Tuesday, supported by improved sentiment. BY THE NUMBERSPrivate ...
Shares of China’s Sany Heavy Industry trade flat on Hong Kong trading debut after $1.6 billion IPO
China's Sany Heavy Industry traded flat on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.
Shares of China’s Sany Heavy climb on Hong Kong trading debut after $1.6 billion IPO
China's Sany Heavy Industry rose marginally on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.
PONY AI Inc. Launches Hong Kong Initial Public Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES. BEIJING, China, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY ...