Shares of HSBC Holdings Plc (HSBC,HSBA.L) increased more than 4 percent in Hong Kong and London trading after the Asia-focused lender reported Monday significant growth in its third-quarter earnings a... ( read original story ...)
HSBC third quarter profit rises 28 percent on lower costs, beats forecasts
HONG KONG (Reuters) - HSBC Holdings Plc reported on Monday a better-than-expected 28 percent rise in quarterly profit before tax, bolstered mainly by the lender's Asia business and better con... ( read original story ...)
HSBC’s Shares Surge as Bank Shows Progress Taming Its Costs
Flint also said the bank’s appetite to do business in other geographies including Saudi Arabia remains unchanged despite the recent controversy over the murder of journalist Jamal Khashoggi. Read more ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) bumpy ride this week
Hong Kong’s benchmark Hang Seng Index closed on Friday at a fresh 18-month low 24,717.63, down 276.83 points, or 1.11 per cent. It finished the week with a 3.3 per cent decline. Overall, the bias in p... ( read original story ...)
The H in HSBC Is Looking a Bit More Vulnerable
(Bloomberg Opinion) -- Watch out HSBC Holdings Plc. The digital banking revolution is coming for all the easy money the U.K.-based bank has long taken for granted. Hong Kong was HSBC’s ... ( read original story ...)
Vietnam Finance Co. Ltd in Hong Kong marks 40th anniversary
The Vietnam Finance Company Limited (VFC) in China’s Hong Kong, the first overseas financial institution of Vietnam, marked its 40th founding anniversary on October 26. Hong Kong accommodates many lea... ( read original story ...)
STX Calls Off Hong Kong IPO
The studio had hoped to raise up to $500 million of new capital. STX Entertainment has abandoned plans to list on the Hong Kong Stock Exchange. The studio's IPO filing lapsed on Thursday and is now li... ( read original story ...)
Singapore Tycoon Aborts Hong Kong IPO Plan on Market Turmoil
Singapore entrepreneur and tycoon Ron Sim has “aborted” plans to list V3 Group Ltd. in Hong Kong amid intense volatility and weakness in the global stock market. Sim, who created Asia’s largest maker ... ( read original story ...)
RCCI’s delegation to visit Hong Kong
Under this initiative, RCCI former president Zahid Latif Khan led a delegation to Hong Kong where it held Business Opportunity Conference (BOC) and meetings with Hong Kong Chamber of Commerce and sign... ( read original story ...)
STX Entertainment Abandons Hong Kong IPO Plans
STX Entertainment has dropped its plans to list its shares on the Hong Kong Stock Exchange, some six months after it filed a draft prospectus. The company had sought to raise up to $500 million of ... ( read original story ...)
The nine heads of tech you need to know in Hong Kong banking
Banks in Hong Kong are ramping up their recruitment in technology and increasingly running into strong competition for talent from tech companies. But who are the senior managers in charge of ... ( read original story ...)
HK banks offer tax loans at below 2pc interest rate
The Hongkong and Shanghai Banking Corporation launched today personal tax loan offers at an interest rate of 1.8 percent for a loan of more than HK$1.5 million with a 12-month repayment period. Borrow... ( read original story ...)
Hong Kong halts e-wallet auto top-ups after user reports of missing funds
Hong Kong’s smart banking push got a big slap down after the Hong Kong Monetary Authority ordered e-wallet operators to suspend auto transfers via the recently-launched Faster Payment System to top-up ... ( read original story ...)
Bank of Canada’s economic cheer will be painful for some: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and t... ( read original story ...)