The Hong Kong Hang Seng Index opened higher Wednesday, wobbled, but still finished up 1% as traders weighed prospects for less tightening by major global central banks, including the US Federal ... ( read original story ...)
Transcript: This Is What 7% Mortgages Will Do to the Housing Market
On this episode of Odd Lots, we speak with Morgan Stanley housing strategist Jim Egan about what comes next. Egan argues that while high mortgage rates will discourage buyers, there won't be a ... ( read original story ...)
Hong Kong-based professional services firms ramp up in Singapore as they eye lucrative Southeast Asian market
Professional services companies are expanding their presence in Singapore as they seek to gain a bigger share of the growing Southeast Asian market, with some eyeing the medical tourism sector. Hong ... ( read original story ...)
China and Hong Kong stocks rebound on slower rate-hike hopes
China stocks recovered on Wednesday, as signs of the U.S. Federal Reserve slowing its aggressive interest rate hikes and Beijing's supportive tone on the market boosted sentiment. ( read original story ...)
HSBC’s direction in question after Elhedery’s sprint to CEO contender
LONDON/SINGAPORE: Georges Elhedery's appointment as HSBC's chief financial officer caps a journey that's taken him from war-torn Lebanon to frontrunner for the top job at Europe's biggest bank. It’s ... ( read original story ...)
HSBC’s Sudden CFO Change Piles On the Investor Gloom
The bank delivered some ugly surprises, and bad headlines continue to plague the UK and China, two of its most important markets. ( read original story ...)
HSBC ditches its cost-cut tsar before job is done
HSBC , boss Noel Quinn is getting rid of a cost-cutting finance chief, Ewen Stevenson, while his skills are still in need. To avoid spooking investors, new broom Georges Elhedery will have to wield ... ( read original story ...)
HSBC’s third-quarter profit beats expectations as Hong Kong and UK, its two biggest markets, face economic pressure
Net profit fell to US$1.9 billion, compared with US$3.5 billion in last year's third quarter; better than analysts' expectations Ewen Stevenson to step down as chief financial officer at end of the ... ( read original story ...)
HSBC appoints Georges Elhedery as CFO, potential CEO-in-waiting
The change came as HSBC reported profits slid 42% in the third quarter, hit by rising loan losses as well as charges from the sale of its French business. ( read original story ...)
FTSE 100 closes near flat as new PM Sunak restores calm to market
Spread betting companies are calling London’s blue chip index up by around 11 points but shares in HSBC have fallen around 2.6% in Hong ... ( read original story ...)
HSBC’s Q3 Earnings Reviewed; We Remain Cautious
HSBC's Q3 earnings report revealed robust core operational results, despite 2022's bear market. See why we assign a significant risk premium to the stock. ( read original story ...)
2 men in Hong Kong arrested over laundering HK$3.5 billion after withdrawal of 8.4 tonnes of precious metal from security vault
Authorities say huge amount of money handled through suspects' bank accounts incommensurate with their backgrounds and financial status Officials investigating if the haul of precious metal, mostly ... ( read original story ...)
Hong Kong – 2022 Global Bank Review – Banking On People.
We are excited to announce the launch of the 2022 Global Bank Review: Banking on People. Surveying the current landscape of the financial sector in late 2022, it is hard to avoid the sense of an ... ( read original story ...)
Hong Kong arrests two in $446 million money-laundering case
Precious metals can be bought and sold anonymously in Hong Kong - Copyright AFP/File DAVID GRAY Precious metals can be bought and sold anonymously in Hong Kong ... ( read original story ...)