Tag: banking

The review will affect 7,600 staff outside Hong Kong in more than 100 places ... a measure it said it would deploy again “from time to time”. Ellis Taylor, Asia finance editor at aviation news portal FlightGlobal, said of the cost-saving measures ... ( read original story ...)

Collis also produced Wayfoong (1965), commissioned as a centenary history for the Hong Kong and Shanghai Banking Corporation, which engagingly details the bank’s establish­ment and first 100 years of opera­tions. At the time, popular authors such as ... ( read original story ...)

HONG KONG (Reuters) - China plans to further tighten the screws ... On top of tightened scrutiny of deal terms, the country's foreign exchange and banking regulators are also looking to step up their monitoring of loans made by the overseas branches ... ( read original story ...)

One of the money laundering syndicates linked with the Commonwealth Bank compliance scandal worked with drug smugglers who imported methamphetamine worth $315 million, the largest ice seizure in West Australian history. The Hong Kong-linked syndicate used ... ( read original story ...)

Bank of America climbed 60 cents ... the Nikkei 225 index in Japan fell 0.4 percent while South Korea's Kospi added 0.4 percent. The Hang Seng in Hong Kong edged up 0.1 percent. ( read original story ...)

AUSTRAC alleges in this case that by April 2015 the bank had identified "repeated, suspicious and connected" patterns of deposits but still permitted the transfer of money to accounts in Hong Kong. Anti-money laundering laws in Australia require the ... ( read original story ...)

China's blue-chip CSI 300 lost 0.3 percent, while Hong Kong's Hang Seng gained 0.1 percent ... and held near that level on Friday, after the Bank of England's policymakers kept interest rates at a record-low 0.25 percent. "The unsavory combination of ... ( read original story ...)

Royal Bank of Scotland shares were about 2 per cent higher on after ... The Shanghai composite index was down 0.35 per cent and Hong Kong's Hang Seng edged up 0.12 per cent. Oil prices were lower early Friday as concerns about rising output continued ... ( read original story ...)

To be sure, there’s far more than a weak U.S. dollar driving the Canadian currency, including a strong economy and a shift by the Bank of Canada ... and the Shanghai composite 0.3 per cent, while Hong Kong’s Hang Seng gained 0.1 per cent. ( read original story ...)

“Even though IPO returns are decreasing this year, the CSRC wants to punish some funds that have misbehaved in the past,” said Hao Hong, head of research for Bocom International in Hong Kong. HSBC Jintrust, a joint venture between HSBC Global Asset ... ( read original story ...)

Aug 4 (Reuters) - Hong Kong stocks inched up on Friday to post their fourth consecutive week of gains, helped by a robust rally in resources and financial firms. The strength on Wall Street also boosted risk appetite, as the Dow Jones Industrial Average ... ( read original story ...)

Executive Councillor Joseph Yam has criticised the former financial secretary for “being a miser,” urging Hong Kong to adopt a less rigid fiscal regime to allow for budget deficits as a measure to boost the economy. The comments came ahead of the ... ( read original story ...)

finance unit at The Open University of Hong Kong. “The quality of product offerings, service expertise, and collaborative culture were key factors in our selection.” Founded in 1989, The Open University of Hong Kong (OUHK), formerly The Open Learning ... ( read original story ...)

HONG KONG — World stock markets were mostly higher Wednesday, lifted by another record day on Wall Street and buoyant oil prices. Investors were keeping a cautious eye on the Fed’s upcoming interest rate decision. KEEPING SCORE: European shares rose in ... ( read original story ...)