BOC Hong Kong's asset quality is expected to hold up better than peers because of its customer structure with lower exposure to SMEs and food & beverage and tou ... ( read original story ...)
Hong Kong expects 1/4 of retail stores to close by end-2020: HKRMA
The Hong Kong Retail Management Association (HKRMA) said on Thursday that about 25% of retail stores in the Asian financial hub were expected to close by end of the year despite fresh government ... ( read original story ...)
Rebel HSBC shareholders urge SFC to bargain with Bank of England over lost dividends
A band of rebel HSBC shareholders converged on the doorstep of Hong Kong’s securities regulator on Thursday, urging the local watchdog to intercede on their behalf with the Bank of England over their ... ( read original story ...)
Hong Kong well-positioned to withstand currency attacks, even with coronavirus spending, Financial Secretary Paul Chan says
The city has been targeted in the past by speculators betting on the Hong Kong dollar and pushing down the stock market. A new arrangement to fend off such attacks is a currency-swap mechanism set up ... ( read original story ...)
Hong Kong? Bushfires? What’s been happening on the biggest non-coronavirus stories of the year
New Year’s Day saw another huge pro-democracy rally in Hong Kong; bushfires in Australia destroyed more than 18 million hectares of forest and left at least 34 dead; while a U.S. missile killed Iran’s ... ( read original story ...)
Hong Kong follows most Asia-Pacific markets lower as IMF warns ‘Great Lockdown’ is the worst downturn since Great Depression
Hong Kong and most Asia-Pacific stocks declined Wednesday on fears ... according to gauges tracking them. The People's Bank of China on Wednesday cut its medium-term lending facility (MLF) rate to ... ( read original story ...)
China’s central bank cuts key rate to record low
The People’s Bank of China (PBoC) said it was lowering the one-year medium-term lending facility ... portfolio manager at Green Harmony Capital in Hong Kong. Some market participants believe the ... ( read original story ...)
Asian Financial Crisis 2.0: Banking system creaks under pressure of companies struggling to survive coronavirus pandemic
Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of ... ( read original story ...)
HSBC HK shareholders mull legal action over dividend suspension
HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments. HSBC and ot ... ( read original story ...)
The Dow Is Set to for a Drop, Bank of America Stock Is Sliding, and UnitedHealth Is Gaining
Overseas, Hong Kong’s Hang Seng Index is down 1.2% ... Stock in Boeing (BA)—the aircraft maker—are up 0.6% as well on the news. More bank earnings are on tap Wednesday. JPMorgan Chase (JPM) and Wells ... ( read original story ...)
Hong Kong stocks drop as IMF flags deep global recession
IMF says HK economy to contract 4.8% in 2020 BEIJING/SHANGHAI, April 15 (Reuters) - Hong Kong’s benchmark share index ended lower on Wednesday as forecast of a deep recession this year by the ... ( read original story ...)
Dow Futures Drop, Bank of America Falls, UnitedHealth Gains
S tock futures were pointing to a lower open Wednesday morning. Bank of America stock was falling after reporting earnings, while UnitedHealth was rising. Stock futures were point ... ( read original story ...)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Koninklijke Philips, Zoom Video and The Clorox Company
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks ... ( read original story ...)
Stocks Trade Mixed With Earnings Season Ramping Up: Markets Wrap
Stocks in Europe fell along with American equity-index futures on Wednesday as a risk-off mood took hold while investors scoured corporate earnings to gauge the impact of the coronavirus outbreak. The ... ( read original story ...)