Tag: finance

HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its ... ( read original story ...)

Pre-tax profit was US$4.2 billion, beating a consensus estimate of US$3.72 billion Operating income in its wealth business fell 19 per cent in the quarter HSBC, Europe's biggest bank by assets, said ... ( read original story ...)

Despite the rise of Chinese firms on Hong Kong listings, none of the most active was lead legal counsel on any of their listing transactions, Asia Legal Briefing author Jessica Seah writes. That job ... ( read original story ...)

The Hang Seng now rests just beneath the 19,870-point plateau although it's tipped to open in the green on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with bargain ... ( read original story ...)

The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate ... ( read original story ...)

An Asia-Pacific equity index eked out a gain amid calmer conditions on Chinese bourses compared with Monday’s plunge. Tech stocks in Hong Kong jumped. European futures added about 1% and US contracts ... ( read original story ...)

WeLab Bank has reportedly become the "first" digital bank in Hong Kong licensed "to offer digital wealth advisory services." ... ( read original story ...)

Fears about the economic toll of China’s strict Covid-zero policy intensified, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. ( read original story ...)

Covid curbs in China are likely to hit the bank’s sales when it reports first-quarter figures this week, but the shares seem to be gaining. ( read original story ...)

Didi was notified that its relisting plan wouldn't receive a green light until it makes sufficient "rectifications" in accordance with probes conducted by regulators Without instructions from Chinese ... ( read original story ...)

Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed. ( read original story ...)

Chinese regulators have urged underwriters to price initial public offerings more reasonably after a third of more than 100 new listings so far this year fell on their trading debut. ( read original story ...)

China's central bank met banks last week to discuss the disposal of non-performing assets by property developers, four sources with knowledge of the matter said, as regulators seek to shore up the ... ( read original story ...)

Rising COVID-19 cases in China are setting off worries about more pandemic lockdowns that would crimp economic recoveries in the region. Other nations are also dealing with economic woes related to ... ( read original story ...)