Tag Archive

Hong Kong bankruptcy filings hit five-year high (Market Watch)

March 20, 2009 | BUSINESS

Bankruptcy applications in Hong Kong hit a five-year high in February, marking the highest level of petitions seen since the territory’s economy was devastated by the fallout from the Severe Acute Respiratory Syndrome (SARS) crisis. (read on…)
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BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Bank of Communications Ltd. , China’s fourth-largest lender by market value, dropped in Hong Kong after posting its first quarterly profit decline in almost three years as a slowing economy resulted in more provisions for bad loans. (read on…)
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Hong Kong’s Bank Stocks Drop; Developers Rise on Rate Outlook (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Hong Kong’s financial stocks fell as HSBC Holdings Plc led banks lower the day before share rights trade following the U.K.’s largest ever offering. (read on…)
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Hong Kong Stocks Rebound; HSBC, Bank Of Communications Rise (Fox News)

March 18, 2009 | NEWS

Hong Kong Stocks Rebound; HSBC, Bank Of Communications Rise (read the story…)
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Hong Kong Stocks Advance, Led by HSBC as Banking Concerns Ease (Bloomberg)

March 18, 2009 | NEWS

March 18 (Bloomberg) — Hong Kong stocks rose after HSBC Holdings Plc said business was in line with its own forecast last month, stoking speculation the banking crisis is easing. (read the story…)
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Hong Kong Stocks Rise; Banks Lead Advance on Earnings Outlooks (Bloomberg)

March 17, 2009 | FINANCE

March 17 (Bloomberg) — Hong Kong stocks rose, reversing declines, lifting the benchmark Hang Seng index to a sixth- straight advance on optimism bank earnings will improve. (read the rest of the story…)
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Hong Kong Stocks Rise Fifth Day, led by Banks; Jiangxi Gains (Bloomberg)

March 16, 2009 | FINANCE

March 16 (Bloomberg) — Hong Kong shares climbed, sending the benchmark Hang Seng index to a fifth consecutive gain amid confidence financial companies will revive growth. (read the rest of the story…)
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HSBC’s finance chief says bailout "unthinkable" (Channel NewsAsia)

March 16, 2009 | FINANCE

HONG KONG : HSBC’s finance chief said the banking giant will not require a British government bailout even if economic conditions in Britain or the United States worsen, a report said Monday. (read the rest of the story…)
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Asia stock markets rise amid cautious optimism about banks, economy; Europe opens higher (Minneapolis-St. Paul Star Tribune)

March 16, 2009 | BUSINESS

HONG KONG – Asian stock markets advanced for a second day Monday, with Tokyo’s index up nearly 2 percent, on cautious optimism that government efforts to heal the financial system will reinvigorate the flagging world economy. European markets opened higher. (read on…)
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Recent Columns (Manila Bulletin)

March 13, 2009 | BUSINESS

HONG KONG (AP) – Asian markets soared Friday as the prospect of fresh stimulus measures in China and Japan and upbeat signals from major US firms like Bank of America sparked hopes of a turnaround in the world economy. (read on…)
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