Investing.com-- Chinese autonomous driving firm Pony AI (NASDAQ:PONY) has launched its Hong Kong initial public offering, issuing about 41.96 million Class A ordinary shares, the company said on ...
Hong Kong stock rally pauses after rising to 3-week high as Xi-Trump meeting looms
The rally that lifted Hong Kong stocks to a three-week high took a respite on Tuesday, as investors awaited the high-stakes sit-down between President Xi Jinping and his US counterpart Donald Trump ...
HSBC Slapped With $1.1 Billion Madoff Hit Just Before Earnings–Is the Worst Yet to Come?
HSBC Holdings Plc is once again back in the legal spotlight this time setting aside $1.1 billion to cover potential losses linked to inve ...
HSBC takes US$1bil hit on Madoff fraud litigation
LONDON: HSBC Holdings Plc will set aside US$1.1bil to cover litigation by investors who lost money in Bernard Madoff's fraud, joining other global banks unexpectedly hit recently with ballooning costs ...
Seres Aims for $1.7 Billion Hong Kong IPO, Fueled by Huawei and Global Ambition
Chinese electric vehicle maker Seres Group is gearing up for a blockbuster debut on the Hong Kong Stock Exchange, eyeing up to $1.7 billion ...
Hong Kong businesses lose US$11 billion to digital fraud in past year, TransUnion says
Hong Kong businesses reported HK$92 billion (US$11.84 billion) in financial losses from digital fraud over the past year, despite the city's overall digital fraud rate being lower than the global ...
Alibaba-linked Ant Group files AntCoin trademark application in Hong Kong
Ant Group’s trademark initiative is part of a series of moves by other Hong Kong-based tech firms, such as JD.com, that have been testing stablecoin pilots in the mainland. The tech company also ...
HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits
HSBC Holdings will book a US$1.1 billion provision in its third-quarter earnings as it faces uncertainty over payouts in lawsuits related to the Bernard Madoff fraud case, according to a stock ...
HSBC faces $1bn hit from Bernie Madoff Ponzi scheme tussle
HSBC is facing a $1.1bn (£826m) hit after losing a long-running legal battle with investors over Bernie Madoff’s Ponzi scheme.
HashKey’s IPO Plan Marks Next Step in Hong Kong’s Crypto Ambitions
As Hong Kong deepens its role in regulated digital finance, crypto’s presence in everyday life is expanding well beyond trading floors. Major payment apps now test blockchain settlements, retailers in ...
Sailis (09927.HK) Launches IPO with Entry Fee of HKD 13,282.62
Sailis, a prominent player in the new energy vehicle sector, has officially begun its Initial Public Offering (IPO) in Hong Kong, sparking significant interest among investors. This article delves ...
HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi scheme.
HSBC takes US$1.1b hit on Madoff fraud litigation
(Oct 27): HSBC Holdings plc will set aside US$1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, joining other global banks unexpectedly hit recently with ...
HSBC expects $1.1bn hit from Madoff litigation
HSBC will set aside $1.1bn for a lawsuit brought by investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi scheme after a Luxembourg court denied the bank’s appeal.