The cost to borrow overnight in Hong Kong jumped the most in at least 17 years, with market watchers pointing to stress in the global financial system as well as cash hoarding by banks ahead of the ...
Hong Kong stocks tumble 3%, Asia continues Wall Street’s sell-off; Bank of Japan holds rates
The Bank of Japan is widely expected by economists polled by Reuters to make changes to its ultra-dovish monetary policy and hold its interest rates at -0.1%.
Hillhouse-Backed Cowell Picks Banks for Hong Kong IPO
Cowell Health, a Chinese drugstore chain backed by Hillhouse Capital, has selected banks for its Hong Kong initial public offering that could raise more than $500 million, according to people familiar ...
Hong Kong Financial System Resilient to Bank Crisis, Lee Says
Hong Kong’s financial system is not being significantly affected by the global banking crisis, the city’s leader said.
HK stocks rise at open despite banking jitters
Hong Kong stocks opened higher on Tuesday, clawing back some of the previous day's losses, but traders remain on edge over the banking sector following the collapse of two US lenders and the rescue of ...
Vaping products seller Inspire cuts proposed IPO by 50% to $21M
Based in Los Angeles with significant operations in Hong Kong, Inspire is a developer and marketer of branded ... Inspire first filed for an IPO in January. For more on the company, check out Donovan ...
European markets recover on a wild day for bank stocks
European markets ticked up Monday but bank stocks were mixed and volatile as investors assessed the significance of the near-collapse of Credit Suisse, one of the world's most important financial ...
Hong Kong stocks hit three-month low on bank contagion fears
Hong Kong’s benchmark Hang Seng Index slumped 2.7 per cent; the Shanghai Composite Index lost about 0.5 per cent.
BoC confiscates ‘smuggled’ sugar
SUBIC BAY FREEPORT: The Bureau of Customs (BoC) Port of Subic on Wednesday, March 15, seized P86-million smuggled sugar from Hong Kong. The apprehension was made by the BoC Intelligence Group headed ...
BOC and DA joint operations yield smuggled sugar, fishery products
A joint operation between the Bureau of Customs (BOC) and Department of Agriculture (DA) has resulted in the seizure of P86 million worth of smuggled sugar from Hong Kong. In a separate joint ...
Bank Contagion Keeps Buyers Sidelined, Pinduoduo’s “Investment” Leaves Investors Wanting
Asian equities were all lower as financial contagion fears kept buyers on the sidelines despite the weekend announcement around Credit Suisse and UBS.
HSBC Slumps in Hong Kong as AT1 Debt Selloff Weighs on Banks
Shares of European banks traded in Asia tumbled Monday, as investors weighed a collapse in the value of additional tier 1 bonds issued by lenders following the terms of the Credit Suisse Group AG’s ...
Hong Kong: Stocks hit 3-month low on bank contagion fears; China ends down
HONG Kong shares dropped to a three-month low on Monday (Mar 20), led by banking stocks, as a government-orchestrated acquisition of Credit Suisse by UBS failed to ease market concerns of risk ...
HSBC to pilot weekend opening at three branches
HSBC said on Monday that it would start opening three of its branches at weekends to cope with a surge in customers from outside Hong Kong since ...