Tag: finance

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 ...)

Shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock ... ( read original story ...)

May 2 Hong Kong stocks followed Asian shares higher, as optimism over strong tech industry earnings and receding concerns over North Korea offset softer-than-expected factory surveys in China and the United States. The Hang Seng index rose 0.3 percent ... ( read original story ...)

Elsewhere, in the real world, we can see the stage is set for another grind higher in Asia, with a slightly higher open expected in Japan and Hong Kong. The Hang Seng looks interesting ... Of course, all eyes on the Reserve Bank statement at 14:30 AEST ... ( read original story ...)

Hong Kong stock followed Asian shares higher, as growing optimism for strong tech industry earnings and receding concerns over North Korea offset softer-than-expected factory readings in China and the United States. The Hang Seng index added 0.3 percent ... ( read original story ...)

ICICI Bank, Infosys and Wipro. Among Asian markets, Japan's Nikkei was up 0.70 percent while Hong Kong's Hang Seng gained 0.27 percent in early trade today. Shanghai Composite Index, however, fell 0.32 percent. The US Dow Jones Industrial Average ended 0 ... ( read original story ...)