HSBC posts higher 3Q profit as Asian pivot pays off

HONG KONG — HSBC says profits rose in the third quarter as a sweeping corporate overhaul, aimed at winning more business in Asia pays off. The London-based global bank said Monday that pretax profit rose to $4.6 billion in the July-September period ... ( read original story ...)

HSBC posts huge jump in third quarter pre-tax profit

"Our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta," HSBC chief executive Stuart Gulliver said in a statement. The firm's earnings were further boosted by higher premiums from its insurance ... ( read original story ...)

Asia helps HSBC post jump in third quarter pretax profit

Hong Kong: HSBC Holdings PLC (HSBA.L) posted a more than five-fold rise in its pretax profit for the third quarter, as the bank expanded its market share in its key business in Asia, and helped by a lower comparative base in the year-ago quarter. ( read original story ...)

HSBC Q3 profits up five-fold to $4.6 bn on booming Asia

Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion ... Shares were up 0.7 percent at HK$77.65 ($9.95) in early afternoon trading. Gulliver said the bank had "maintained good momentum in the third quarter", with higher ... ( read original story ...)

Gaming hardware maker Razer to launch IPO

HONG KONG • Razer, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka Shing, plans to launch on Monday a Hong Kong initial public offering of up to US$550 million (S$754 million), IFR reported yesterday, citing people close to ... ( read original story ...)

A Classy Compromise for Hong Kong

The biggest kick in the teeth was the loss of Alibaba Group Holding Ltd., which chose to list in New York after Hong Kong refused to yield on one-share-one-vote, raising $25 billion in the world's biggest-ever IPO in 2014. The company had sought ... ( read original story ...)