Tag Archive | "HSBC"

HSBC leads slide in Hong Kong stocks, casino shares weak

HSBC leads slide in Hong Kong stocks, casino shares weak HONG KONG, Feb 24 (Reuters) – Hong Kong stocks fell on Tuesday, with HSBC Plc leading the slide after disappointed earnings, and casino stocks were under pressure as investors locked in gains while awaiting earnings reports from blue chips later this … Full News here – […]

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Hong Kong stocks fall on HSBC results, weak casino operators

Hong Kong stocks fall on HSBC results, weak casino operators The China Enterprises Index of the top Chinese listings in Hong Kong edged up 0.04 percent at 12,046.20 points on anticipation of a stronger start in mainland markets when they reopen on Wednesday. Mainland China markets have been closed since Feb. Full News here – […]

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HSBC Holdings PLC

HSBC Holdings PLC Hong Kong fashion designers look set to benefit from this year's budget, with the government expected to offer the sector HK$ 200 million ($ 25.8 million) in promotion and scholarships in the hope of nurturing young talent in Hong Kong, according to a … Full News here – Read more on Reuters UK

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Swiss account intended to 'protect' HSBC chief from Hong Kong staff

Swiss account intended to 'protect' HSBC chief from Hong Kong staff HSBC Holdings chief executive Stuart Gulliver painted recent revelations that he held his Hong Kong bonuses in a Swiss account via a Panamanian company as a matter of privacy. In the latest of a string of leaked data on the bank's Swiss unit, British … […]

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Growth slows for HSBC in Hong Kong

Growth slows for HSBC in Hong Kong HSBC Holdings' Hong Kong arm maintained tepid profit growth last year amid a regional economic slowdown and increasingly high impairments in the city and on the mainland. HSBC Ltd's pre-tax profit, excluding two major one-off net profit gains in 2013, … Full News here – Read more on South […]

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HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American

HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American … HSBC Holdings and the city of Hong Kong, which were last month linked to an international tax evasion network, are currently under scrutiny as part of efforts by U.S. authorities to hunt down American tax evaders, the South China Morning Post (SCMP) … […]

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Hong Kong and HSBC under scrutiny as US cracks down on American tax cheats

Hong Kong and HSBC under scrutiny as US cracks down on American tax cheats With the Foreign Account Tax Compliance Act (Fatca) taking effect since July last year, US authorities would increase their investigations of international tax evasion by US taxpayers in Hong Kong, said Peter Chen, a partner at Zhong Lun, a Chinese law […]

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Hong Kong, China shares fall after HSBC services PMI, property drags

Hong Kong, China shares fall after HSBC services PMI, property drags HONG KONG, Aug 5 (Reuters) – Hong Kong and China shares slipped on Tuesday after a survey showed growth In China's services sector fell to a record low, with property developers the main underperformers. The HSBC/Markit China services purchasing … Full News here – Read […]

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Get out of Hong Kong before the next pro-democracy protest, HSBC tells investors

Get out of Hong Kong before the next pro-democracy protest, HSBC tells investors Recently, HSBC and other banks pulled advertising from a Hong Kong newspaper critical of the mainland Chinese government, citing “commercial considerations.” Now the massive British bank is advising investors to sell stock in Hong Kong companies, … Full News here – Read more […]

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HSBC backtracks on Occupy Central as reason for downgrading Hong Kong's

HSBC backtracks on Occupy Central as reason for downgrading Hong Kong's … The amended version read: "We reduce Hong Kong to 'underweight' on the risk of weak residential real estate prices, the slowdown in mainland tourist arrivals, the market's link to US interest rates (the Federal Reserve could raise rates next year) and … Full […]

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HSBC Hong Kong PMI rises to 50.1 in June

HSBC Hong Kong PMI rises to 50.1 in June HONG KONG — The HSBC Hong Kong Purchasing Managers' Index rose to 50.1 in June, helped by the expansion of inventories and signaled a stabilization of the city's private sector business conditions. HSBC said on Friday that June's PMI rose from the … Full News here – […]

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HSBC retail revamp key to end drag of redress on profits

HSBC retail revamp key to end drag of redress on profits "My personal view is that we are through the worst of this, but it would be a very brave man to say it is finished," he said in his office at HSBC's iconic Hong Kong headquarters last week. While "this" is broadly about compensation […]

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HSBC apologises after guards block photographer Jacky Poon’s path

HSBC has been blasted by the Press Photographers Association after a local journalist was allegedly manhandled by security guards as he walked through the plaza underneath the bank’s Central headquarters. Full News here – Hong Kong feed

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Hong Kongers Irate Over HSBC Job Cuts

There is little sympathy for bankers who lose their jobs these days—except when the losses come at HSBC Holdings PLC and are taking place in Hong Kong, the bank’s historic home. Full News here – Exchange

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Deng Xiaoping urged London to persuade HSBC to stay in Hong Kong

Chinese leader Deng Xiaoping urged the British government three decades ago to persuade the Hong Kong and Shanghai Bank not to relocate from Hong Kong in order to maintain investor confidence in the city. Full News here – Hong Kong feed

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