Tag Archive

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…)
Read more »

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…)
Read more »

Hong Kong stock commentator in tears at HSBC plunge (AFP via Yahoo! News)

March 11, 2009 | NEWS

A veteran Hong Kong stock commentator burst into tears during a live television broadcast as she saw HSBC’s shares plunge dramatically seconds before the end of Monday’s trading. (read the story…)
Read more »

Asian stocks mostly higher; Hong Kong up on HSBC rebound (The Malaysian Insider)

March 10, 2009 | BUSINESS

HONG KONG, March 10 — Most Asian stock markets climbed today, with oil companies gaining on the back of stronger crude prices, but Japanese shares flirted with a new 26-year low amid ongoing worries about the global slowdown. Hong Kong stocks led the region’s modest advance as reeling banking giant HSBC rebounded...
Read more »

Hong Kong watchdog probes HSBC stock plunge (AFP via Yahoo! UK & Ireland Finance)

March 10, 2009 | NEWS

Hong Kong’s securities watchdog said on Tuesday it was investigating a last-minute sell order which pushed shares in banking giant HSBC to their lowest level in almost 14 years. (read the story…)
Read more »

Propalms, Inc. and Hong Kong Distributor to Sponsor and Exhibit At 5th Annual Banking and Finance Technology Forum … (GlobeNewswire via Yahoo! Finance)

March 4, 2009 | OPPORTUNITY

MALTON, England, March 3, 2009 — Propalms, Inc. is pleased to announce that the Company and its Hong Kong distributor Jump-In Ltd. are going to sponsor and exhibit at the 5th Annual Banking and Finance Technology Forum Asia 2009 being held at the Hong Kong Convention and Exhibit Center on March 17, 2009. (more…)
Read more »

HSBC to scale back US consumer finance arm: report (AFP via Yahoo! Canada News)

March 3, 2009 | FINANCE

HONG KONG (AFP) – HSBC on Monday will announce plans to scale back its US consumer finance operations as it launches a 17 billion US dollar rights issues to boost its capital base, the Financial Times reported. (read the rest of the story…)
Read more »

(AFX UK Focus) 2009-03-02 02:14 HK shares open down 2.3 pct; Hang Seng bank slides (Interactive Investor)

March 2, 2009 | FINANCE

HONG KONG, March 2 (Reuters) – Hong Kong shares will start 2.3 percent lower on Monday, with banking and property stocks sold down sharply on increasing worries about the stability of the global financial sector. Shares in HSBC’s local arm, Hang Seng Bank were 4.1 percent lower at HK$83.45 ahead of its 2008 earnings...
Read more »

HK shares open down 2.3 pct; Hang Seng bank slides (Reuters via Yahoo! Philippines News)

March 2, 2009 | FINANCE

HONG KONG, March 2 (Reuters) – Hong Kong shares will start 2.3 percent lower on Monday, with banking and property stocks sold down sharply on increasing worries about the stability of the global financial sector. (read the rest of the story…)
Read more »

(AFX UK Focus) 2009-02-27 00:38 HSBC’s veteran to head Hang Seng Bank -report (Interactive Investor)

February 27, 2009 | FINANCE

HONG KONG, Feb 27 (Reuters) – HSBC veteran executive Margaret Leung will take over as head of subsidiary Hang Seng Bank in May, replacing Raymond Or who is retiring, South China Morning Post reported on Friday, citing sources. Leung, 56, joined HSBC in 1978 and is currently general manager and global co-head of commercial...
Read more »