London/Hong Kong: HSBC Holdings posted a higher-than-expected 65 per cent tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to ... ( read original story ...)
HSBC Warns of $13 Billion in Loan Losses After Profit Miss
HSBC Holdings Plc fell short of profit estimates as Europe’s biggest lender signaled worsening loan losses weighed down by the global pandemic. The lender has faced a challenging start to the year ... ( read original story ...)
Here’s what you need to know about HSBC’s upcoming interim results
HSBC is scheduled to release its financial report for the first six months of this year at 12 p.m. HK/SIN time. ( read original story ...)
HSBC profits slump 82% as bank preps for loan losses
HONG KONG -- HSBC Holdings reported a 82% slump in second-quarter profit on Monday as it ratcheted up provisions for loan losses due to the coronavirus pandemic and warned of the fallout from mounting ... ( read original story ...)
HSBC’s profits slump 65% amid coronavirus downturn
HSBC's pre-tax profits for the first half of this year have plunged 65% as it battles the coronavirus downturn. The UK's biggest bank posted profits of $4.3bn, compared to $12.4bn for the same period ... ( read original story ...)
Goldman, BofA Left Off Ant IPO for Work With Alibaba Rivals
Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people ... ( read original story ...)
Hong Kong Stock Market May Find Traction On Monday
The Hong Kong stock market has finished lower in two straight sessions, sliding almost 290 points or 1.3 percent along the way. The ... ( read original story ...)
Class of 2020: No fear when you know you can always find a job
I was honoured to have had the opportunity two weeks ago to host a Zoom learning session on how to find a job (in times when unemployment is at an all-time high) with a select group of graduates from ... ( read original story ...)
Grim times: without jobs, some in Hong Kong tighten belts and deplete savings as they face an uncertain future
Pandemic robs Hong Kong families of livelihoods, leaving many anxious, desperate for better times. This is the first instalment of a five-part series in which the Post takes a look at unemployment in ... ( read original story ...)
Goldman, BofA Left Off Ant IPO After Working for Alibaba Rivals
Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people ... ( read original story ...)
UNSW faces backlash after deleting Twitter post critical of China’s crackdown in Hong Kong
Law academic Elaine Pearson says safeguarding the human rights of people in Hong Kong ‘is not something that should be controversial’ ... ( read original story ...)
Pompeo Says China Is Eviscerating Hong Kong’s Autonomy Following Arrest of 4 Students Under National Security Law
United States Secretary of State Mike Pompeo criticized China for arresting four students in Hong Kong last week on charges of "inciting secession," which marks Beijing's implementation of new ... ( read original story ...)
Hong Kong police order arrest of exiled activists: China state media
Hong Kong police have ordered the arrest of six pro-democracy activists living in exile on suspicion of violating the national security law, Chinese state media reported late Friday, but the city's ... ( read original story ...)
Beijing repression forces Hong Kong opposition into new tactics
Dissidents urge united stand against Chinese and look to eastern bloc tactics for inspiration ... ( read original story ...)