HONG KONG (Reuters) - HSBC (HSBA.L) reported a worse-than-expected 86 percent fall in pretax profit for the third quarter, as it accounted for the $1.7 billion in loss resulting from the sale of its Brazilian unit and adverse foreign currency movements. ( read original story ...)
HSBC says profit up as cost-cutting advances
HONG KONG - HSBC Corp. says its latest quarterly profit rose nearly 7 per cent over a year earlier as the global bank cut costs and revenue rose. HSBC said Monday that its third-quarter profit was $5.6 billion. Revenue rose 2 per cent to $12.8 billion. ( read original story ...)
Beijing bars 2 young Hong Kong legislators who 'posed a grave threat'
China's top legislature effectively barred two democratically elected separatist lawmakers from taking office in Hong Kong with a ruling Monday on the city's constitution, an intervention into a local political dispute that's likely to spark further ... ( read original story ...)
Hong Kong’s finance sector behind China and Singapore in gender diversity, report says
Women make up almost half the labour force in Hong Kong, but only a quarter of the members of the Chartered Financial Analyst (CFA) Institute are women, a report finds. As a global financial hub, Hong Kong has almost 7,000 CFA charter holders – an ... ( read original story ...)
China risk tarnishes HK business hub
For decades, Hong Kong has thrived as an Asian business hub thanks to its combination of Western freedoms, independent courts and closeness to mainland China's booming market. Now, political and economic ills from the mainland are eroding that edge. ( read original story ...)
Police, protesters clash in Hong Kong independence movement
Hong Kong police fired pepper spray and protesters threw bottles and road cones in clashes near China’s representative office on Sunday night where activists had gathered to demonstrate against Beijing’s attempts to stop a fledgling independence movement. ( read original story ...)
Hong Kong police use pepper spray in China oath-taking protest
It added that it should deter advocates of Hong Kong independence, as their actions were a threat to national security, state news agency Xinhua reported. Some demonstrators scuffled with police in front of the office of China's representative in the ... ( read original story ...)
Thousands in Hong Kong Protest Beijing Intervention
The Standing Committee of China's rubber-stamp legislature, the National People's Congress, said in a statement that Beijing could not afford to do nothing in the face of challenges in Hong Kong to China's authority, the official Xinhua News Agency ... ( read original story ...)
China Says It Must Act to Deter Hong Kong Separatism
The Standing Committee of China's rubberstamp legislature, the National People's Congress, said in a statement that Beijing could not afford to do nothing in the face of challenges in Hong Kong to China's authority, the official Xinhua News Agency reported ... ( read original story ...)
Hong Kong Airlines the atest new airline to land in Auckland
which last week sold some return Auckland-Hong Kong fares for $750 return, will compete against established carriers Cathay Pacific and Air New Zealand on the route. Cathay has just introduced a new plane on the route and recently dropped business class ... ( read original story ...)
Hong Kong lawmakers-elect who called for independence threatened China's security: state TV
The parliamentary meeting in Beijing ends on Monday, the state news agency Xinhua said. Earlier in the day, the Communist Party's top newspaper, the People's Daily, ran an editorial that said anyone "who splits the nation or promotes 'Hong Kong ... ( read original story ...)
Hong Kong is trying to prick its housing bubble
Hong Kong’s top official has raised the property stamp duty for the second time in three years to dampen soaring real estate prices in the world’s least affordable city, ahead of an election campaign where housing affordability is likely to be a ... ( read original story ...)
Hong Kong Monetary Authority issues licences to eight more stored-value service providers
A law came into effect last November to regulate the previously unsupervised electronic payment business. Providers were given one ... He said this would not pose a threat to Hong Kong’s payment or financial systems. Cheng said “several companies ... ( read original story ...)
Hong Kong stocks continue to slide amid US election uncertainty
Hong Kong stocks continued to decline, reaching a near three-month low at Friday’s close, after the US market logged its longest losing streak since the global financial crisis as fears lingered over the US election. The Hang Seng Index closed down 0.18 ... ( read original story ...)