Market Watch (Free subscription) | 11/13/2009
HONG KONG (MarketWatch) -- Hong Kong shares wavered in a range around break-even Friday, with losses in energy producers after a retreat in crude-oil prices countered by buying in banking heavyweight HSBC Holdings Plc. and some Chinese lenders. The Hang Seng Index rose 0.3% to 22,471.49 after opening lower, while the Hang Seng China Enterprises Index added 0.2%. Shares of Cnooc Ltd. dropped 1% and...
Market Wire (Free subscription) | 11/02/2009
LONDON, UNITED KINGDOM (MARKET WIRE) Editors Note: There is a video and photo associated with this Press Release.
Market Watch (Free subscription) | 10/28/2009
SAN FRANCISCO (MarketWatch) -- Ping An Insurance Group said Wednesday it swung to a third-quarter profit of 2.58 billion yuan ($377.8 million), from a 7.81 billion yuan loss in the same period last year, when it saw a large impairment charge stemming from its investment in Fortis NV. Ping An, which is partially owned by HSBC Holdings PLC , said its gross premium income rose 36% in the quarter ended...
Market Watch (Free subscription) | 10/05/2009
HONG KONG (MarketWatch) -- HSBC Holdings Plc said Monday it sold its New York headquarters building for $330 million and will lease back the entire office tower for a year. It expects the sale to be completed by the first quarter of 2010. The bank also said it plans to retain New York as headquarters for its U.S. operations and has agreed to lease the first 11 floors of building, located at 452 Fifth...
Market Watch (Free subscription) | 09/19/2009
NEW YORK (MarketWatch) -- HSBC Holdings Plc's (HBC) U.S. unit has sued New York businessman and prominent Democrat fund-raiser Hassan Nemazee, alleging he fraudulently obtained a $100 million loan from the bank and used the bulk of the money to repay a separate loan he falsely obtained from Citigroup Inc. (C).
Market Watch (Free subscription) | 09/11/2009
HONG KONG (MarketWatch) -- Hong Kong shares made modest advances in volatile trade early Friday, as gains on Wall Street and in Shanghai supported financials such as HSBC Holdings Plc. and China Life Insurance Co. The Hang Seng Index rose 0.3% to 21,133.38, and the Hang Seng China Enterprises Index climbed 0.6% to 12,284.09. China's Shanghai Composite added 0.4% to 2,936.22, after official data showed...
24/7 Wall St. (Free subscription) | 09/08/2009
There is an interesting take out there on Berkshire Hathaway Inc. (NYSE: BRK-A) and on HSBC Holdings plc (NYSE: HBC) over how these firms should pay a high bonus to staff based upon a new economic model of calculating pay. Reuters noted that consulting firm Stern Stewart’s new Relative Wealth Added (RWA) model showed that [...]
Market Watch (Free subscription) | 09/07/2009
HSBC Holdings PLC HBC has made a bid for ING's ING private banking businesses in a deal estimated to be worth more than GBP1 billion, The Times of London reported, without quoting any sources. The Times said HSBC is one of five bidders involved in the auction. Others include DBS, a Singaporean investment fund, and Julius Baer (BAER.VX), the Swiss wealth manager, the newspaper said.
Market Watch (Free subscription) | 09/02/2009
HONG KONG (MarketWatch) -- Hong Kong stocks dropped sharply Wednesday in the wake of an overnight fall on Wall Street and in spite of gains in Shanghai, with market heavyweights HSBC Holdings Plc. and China Mobile Ltd. pacing the fall. The Hang Seng Index dropped 1.9% to 19,490.67 in early trades, and the Hang Seng China Enterprises Index slid 1.5% to 11,169.99. HSBC lost 3.1%, and China Mobile dropped...
Market Watch (Free subscription) | 08/12/2009
HONG KONG (MarketWatch) -- Hong Kong stocks fell Wednesday from their highest level in nearly a year, as investors locked in profits after recent strong gains in market heavyweights HSBC Holdings Plc. and China Mobile Ltd., as well as Chinese banks. The Hang Seng Index dropped 2% to 20,655.77 in early trade, after ending above 21,000 Tuesday. The Hang Seng China Enteprises Index lost 2% to 11,744.17,...
Market Watch (Free subscription) | 08/07/2009
LOS ANGELES (MarketWatch) -- Hong Kong stocks moved broadly lower in early Thursday trade, with financial shares trading down amid general concern that mainland China may significantly tighten lending in the near term. The Hang Seng Index traded 1% down at 20,695 in mid-morning action, while the Hang Seng China Enterprises Index was off 2% at 11,815. Shares of China Construction Bank Corp. fell 2.7%...
SeekingAlpha.com (Free subscription) | 08/04/2009
Tom Taulli submits: HSBC Holdings Plc ( HBC ), which is the largest bank in Europe, has retained two Chinese investment banks: China International Capital Corp. and Citic Securities Co. Apparently, the firm wants to list its shares in Shanghai, raising up to $5 billion (this would likely happen in the first half of next year). Actually, this would be a first-time for a foreign firm. But, expect others...
Market Watch (Free subscription) | 08/04/2009
HSBC Holdings Plc has hired advisers for its planned initial public offering in Shanghai to raise up to $5 billion.
Market Watch (Free subscription) | 08/03/2009
HONG KONG (MarketWatch) -- Hang Seng Bank said Monday net income for the first-half totaled HK$6.45 billion ($832.2 million), down 29% from HK$9.06 billion a year earlier. According to a poll by Dow Jones Newswires, the median forecast among analysts was for a HK$7 billion profit. Hang Seng Bank declared an interim dividend of HK$1.10, bringing its total dividend payouts in the first-half to HK$2.20...
Market Watch (Free subscription) | 07/31/2009
HONG KONG (MarketWatch) -- Hong Kong shares extended their rise early Friday after U.S. stocks endged higher and the Shanghai market advanced further, with banking giant HSBC Holdings Plc and property issues pacing gains. The Hang Seng Index rose 1.7% to 20,573.18, and the Hang Seng China Enterprises Index rose 1.6% to 12,183.32. HSBC jumped 3.1%, with Henderson Land Development Co. rising 3.1% and...
The 3 latest articles published by users on HSBC Holdings plc :
scold | 02/23/2009
RIYADH: Saudi bank and petrochemical stocks have continued to attract the interest of foreign fund managers despite the global downturn, HSBC's local investment banking affiliate said yesterday. readmore
konaxis | 01/07/2009
Overseas banks see huge profit potential in the Chinese credit and debit card markets. They can’t help but notice that Chinese banks have already issued over 1.8 billion cards. According to industry analysts, credit cards in China will grow at about 35% between 2008 and 2012. The Bank of East Asia China, a wholly owned subsidiary of The Bank of East Asia, has launched its core credit card portfolio,...
socialexpert | 10/09/2008
The government this morning announced details of its much heralded plan to shore up the British banking system.
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