Bank of America climbed 60 cents ... the Nikkei 225 index in Japan fell 0.4 percent while South Korea's Kospi added 0.4 percent. The Hang Seng in Hong Kong edged up 0.1 percent. ( read original story ...)
CBA heads to court over money laundering allegations
AUSTRAC alleges in this case that by April 2015 the bank had identified "repeated, suspicious and connected" patterns of deposits but still permitted the transfer of money to accounts in Hong Kong. Anti-money laundering laws in Australia require the ... ( read original story ...)
Asia stocks edge higher, dollar languishes on U.S. politics, mixed data
China's blue-chip CSI 300 lost 0.3 percent, while Hong Kong's Hang Seng gained 0.1 percent ... and held near that level on Friday, after the Bank of England's policymakers kept interest rates at a record-low 0.25 percent. "The unsavory combination of ... ( read original story ...)
What every Canadian investor needs to know today
Royal Bank of Scotland shares were about 2 per cent higher on after ... The Shanghai composite index was down 0.35 per cent and Hong Kong's Hang Seng edged up 0.12 per cent. Oil prices were lower early Friday as concerns about rising output continued ... ( read original story ...)
U.S. dollar is broken, so Canadian dollar may win ‘just by default’
To be sure, there’s far more than a weak U.S. dollar driving the Canadian currency, including a strong economy and a shift by the Bank of Canada ... and the Shanghai composite 0.3 per cent, while Hong Kong’s Hang Seng gained 0.1 per cent. ( read original story ...)
China blacklists nine HSBC mutual funds for IPO violations
“Even though IPO returns are decreasing this year, the CSRC wants to punish some funds that have misbehaved in the past,” said Hao Hong, head of research for Bocom International in Hong Kong. HSBC Jintrust, a joint venture between HSBC Global Asset ... ( read original story ...)
Hong Kong stocks up for 4th week, resources and financials lend support
Aug 4 (Reuters) - Hong Kong stocks inched up on Friday to post their fourth consecutive week of gains, helped by a robust rally in resources and financial firms. The strength on Wall Street also boosted risk appetite, as the Dow Jones Industrial Average ... ( read original story ...)
Drop ‘miserly’ fiscal policy to allow for budget deficits and boost economy – top financial adviser Joseph Yam
Executive Councillor Joseph Yam has criticised the former financial secretary for “being a miser,” urging Hong Kong to adopt a less rigid fiscal regime to allow for budget deficits as a measure to boost the economy. The comments came ahead of the ... ( read original story ...)
The Open University of Hong Kong Appoints Northern Trust as Global Custodian
finance unit at The Open University of Hong Kong. “The quality of product offerings, service expertise, and collaborative culture were key factors in our selection.” Founded in 1989, The Open University of Hong Kong (OUHK), formerly The Open Learning ... ( read original story ...)
World shares mostly higher as markets await Fed’s decision
HONG KONG — World stock markets were mostly higher Wednesday, lifted by another record day on Wall Street and buoyant oil prices. Investors were keeping a cautious eye on the Fed’s upcoming interest rate decision. KEEPING SCORE: European shares rose in ... ( read original story ...)
Hong Kong stocks retreat from two-year high as StanChart slides
Hong Kong stocks closed lower on Thursday ... lower because they are still waiting for opportunities to buy,” said Alex Wong, a director at Ample Finance Group. Financials were mixed on Thursday, with Standard Chartered Bank losing 8.1 per cent to ... ( read original story ...)
Six Asian banking jobs that recruiters are struggling to fill
Here’s a selection. http://news.efinancialcareers.com/sg-en/291758/job-seeker-slump-singapore/ If you’re applying for a banking job in Asia via a recruiter, spare a thought for their travails. Banks in Singapore and Hong Kong are increasingly giving ... ( read original story ...)
Why Standard Chartered Shares Tanked Today
Standard Chartered (2888.HK) shares plummeted as much as 7% in Hong Kong trading on Thursday after the banking giant delivered a not-so-impressive set of interim results results. While StanChart’s earnings were a respectable 6% higher than analyst ... ( read original story ...)
12-year-old Beaver Bank girl is lawn bowling’s new kid on the block
Two good friends were already skimming balls down the green when the Beaver Bank girl dropped in to play ... playing matches as far afield as Australia and Hong Kong and has qualified for the Canadian national team. For Kos, the best part of playing ... ( read original story ...)