Tag: finance

Hong Kong stocks spent the morning session on Thursday lower due to a correction in Chinese financials and property developers following a round of Wall Street losses overnight caused by the release of minutes from the Federal Reserve’s January meeting. ( read original story ...)

(Photo: Rajesh Jadhav ) Mumbai: Taking the investigation into the multi-crore bank fraud case involving diamantaire Nirav Modi to the next stage, the (ED) will soon send letters rogatory (LR) to Hong Kong to ascertain the trail of funds raised by branches ... ( read original story ...)

Hong Kong stocks rebounded in mid-Wednesday morning trade, clawing back some gains from Tuesday’s steep slide, buoyed by HSBC shares and expectations for inflows when mainland Chinese markets reopen on Thursday after the Lunar New Year holiday. ( read original story ...)

HSBC said on Tuesday that its reported pre-tax profit for 2017 stood at US$17.2 billion, up 141 per cent on the equivalent figure for 2016, when the bank booked losses on a number of one-off items. The market, however, reacted badly to the announcement ... ( read original story ...)

HONG KONG — HSBC said Tuesday that profits rose on strong earnings from Asia, in the latest sign that the London-based global bank’s restructuring to focus even more on the region is paying off. The bank said pretax profit, after adjusting for one-off ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings (HSBA.L) reported a jump in annual pre-tax profit that missed expectations and unveiled a plan to raise up to $7 billion over the next four months to bolster its capital base, as the bank prepares for growth under ... ( read original story ...)

However both the revenue and profit figures fell short of analyst forecasts, causing HSBC's share price to fall more than 1.5pc in afternoon trading in Hong Kong. “HSBC is simpler, stronger, and more secure than it was in 2011,” Mr Gulliver said. ( read original story ...)

HONG KONG — HSBC says its annual pretax profits rose by 11 per cent on strong earnings from Asia, in the latest sign that the London-based global bank’s restructuring to focus even more on the region is reaping further dividends. The bank said Tuesday ... ( read original story ...)

HONG KONG (Reuters) - HSBC Holdings’ (HSBA.L) pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following U.S. tax changes. ( read original story ...)

Hong Kong: HSBC Holdings’ 2017 pre-tax profit rose 142 percent as the lender avoided the multi-billion dollar restructuring costs that marred its 2016 results but the profit growth lagged expectations as it took a writedown following U.S. tax changes. ( read original story ...)

HONG KONG (REUTERS)- HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following US tax changes. Europe's biggest ... ( read original story ...)

Outgoing HSBC Group chief executive Stuart Gulliver drew a salary package of £6.08 million (HK$66.05 million) in 2017, compared with £5.67 million in the year before. The package includes a base salary of £1.25 million and an annual bonus of £2.12 ... ( read original story ...)

Profit before tax up 13% to HK$115,619m (HK$102,707m in 2016) Attributable profit up 13% to HK$88,530m (HK$78,646m in 2016) Return on average ordinary shareholders' equity of 13.7% (13.0% in 2016) Total assets up 5% to HK$7,943bn (HK$7,549bn at 31 December ... ( read original story ...)

It also has a museum area that will tell the history of Hong Kong’s stock market, which started trading in 1891. ‘Red debut’: HSBC and Hang Seng Bank results expected to lead stocks up on first day of Year of the Dog The connect hall has been built ... ( read original story ...)