Tag: banking

The Hong Kong Dollar has plunged to its weakest level against the dollar (to which it is pegged) since February 2016, even as the Hang Seng surges higher. As HKD nears 7.80, triggering likely HKMA intervention, we wonder whether we will see a replay of ... ( read original story ...)

But other benchmarks across Asia fell, with Hong Kong's Hang Seng losing 0.5 percent to 24,567.04 and the ... April and statements from Fed boss Janet Yellen as well as other top bank officials, which could provide some forward guidance to markets. ( read original story ...)

Federal Bank and Kotak Bank were trading higher by up to 3.76 per cent. Brokers said apart from weak global cues, investors booked profit after recent gains, pushing the indices down. Among Asian markets, Hong Kong's Hang Seng was down 0.87 per cent ... ( read original story ...)

In this update: The Reserve Bank says low wages growth is expected to keep ... Looking at Asian markets, the Nikkei is closed in Japan, the Hang Seng is down in Hong Kong, China markets on the Chinese mainland are down too. Wall Street ended little changed ... ( read original story ...)

Private-sector role in Canada Infrastructure Bank raises conflict-of-interest questions Private ... Tokyo’s Nikkei was closed, but Hong Kong’s Hang Seng and the Shanghai composite each lost 0.8 per cent. In Europe, London’s FTSE 100 was up 0.1 ... ( read original story ...)

ASIA'S DAY: Hong Kong's benchmark Hang Seng index lost 0.8 percent to close at 24,476.35 while the Shanghai Composite index in mainland China shed 0.8 percent to 3,103.04. Australia's S&P/ASX 200 fell 0.7 percent to 5,836.60. Taiwan's benchmark fell and ... ( read original story ...)

They include the families of Li Ka-shing, the city’s richest man and chairman of CK Hutchison Holdings; Kwok Tak-Seng, founder of ... of opportunities should Hong Kong go into first? Liao Qun, chief economist at China Citic Bank International, said ... ( read original story ...)

HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) plans to start pitching an initial public offering of up to $1 billion to investors next week, after getting approval from the Hong Kong stock exchange, IFR reported on Friday, citing people close to ... ( read original story ...)

HONG KONG: Bocom International Holdings, the Hong Kong securities brokerage of the Bank of Communications, plans to raise up to HK$2.37 billion ($304.6 million) in a global initial public offering, the company said on Thursday. Bocom International will ... ( read original story ...)

HSBC’s shares rose 3 per cent in London on Thursday, outperforming a 1 per cent rise in the STOXX European banks index and following an earlier 2 per cent rise in Hong Kong. HSBC is still Europe’s biggest bank despite slimming down in recent years. ( read original story ...)

HONG KONG--(BUSINESS WIRE)-- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT Group, today announced that its Financial Data Center Tower 2 (FDC2) becomes the first service provider’s data ... ( read original story ...)

plans to raise up to $267 million in a Hong Kong initial public offering, IFR reported on Thursday, citing people close to the deal. The company, a unit of Bank of Communications Co Ltd (BoCom) , will offer 667 million shares and will give an indicative ... ( read original story ...)

HONG KONG HSBC Holdings Plc on Thursday reported a 19 percent fall in first quarter profit, as Europe's biggest bank battles to restore flagging revenues following its restructuring. HSBC said pretax profit for the first three months of the year fell to $5 ... ( read original story ...)

HONG KONG – HSBC says quarterly pretax profits rose 12 percent as improved trading and rising interest rates helped support the London-based global bank's businesses. The bank said on Thursday that profit for the first three months of the year ... ( read original story ...)