Dubai island building project slows with economy Dec 1, 2008
The layoffs follow a report by HSBC Holdings PLC that found home prices on Dubai's secondary market recently fell month-to-month for the first time since the city-state began allowing foreigners to buy property in 2002. The next report, due out soon, is expected to show a further slide. (The Star Online, Malaysia)
Malaysia Needs More Interest-Rate Cuts as Growth Falters, Economists Say Nov 29, 2008
Oversea-Chinese Banking Corp., JPMorgan Chase & Co. and HSBC Holdings Plc. Growth Concerns. (Bloomberg -- Asia)
Pound Has Biggest Weekly Gain Versus Dollar Since 2006 as Stocks Advance Nov 29, 2008
The economic pessimism is overdone, leaving the securities at attractive levels, , HSBC Holdings Plcs head of fixed-income strategy in London, wrote in a note to clients received by e-mail Nov. 27. At some stage, the market will look beyond the deflation discounted for 2009 and to the risks of rising inflation by 2010-11. (Bloomberg -- UK)
HSBC May Buy Back London Headquarters Nov 29, 2008
MADRID -- Spanish real-estate company Metrovacesa SA on Friday offered to sell the London headquarters of HSBC Holdings PLC back to the United Kingdom bank for 838 million ($1. 29 billion) after a bridging loan used to buy the building matured. (Wall Street Journal)
Asian Stocks Rise for Fourth Day as Governments Boost Growth; BHP Gains Nov 28, 2008
Nomura Securities Co. and HSBC Holdings Plc cut their ratings on Panasonic. Nomura also lowered its recommendations on and Sharp Corp., citing tumbling television prices. (Bloomberg -- Asia)
Markets Advance on Financial Stocks Nov 28, 2008
HONG KONG -- Most Asian markets advanced Friday, with Hong Kong and South Korean shares taking gains into a fourth straight session, paced by banks as investors snapped up beaten-down lenders such as Industrial Bank of Korea and HSBC Holdings ... 8%, while market heavyweight HSBC Holdings added 1. (Wall Street Journal)
India Juggles Terrorism With Financial Meltdown Nov 28, 2008
Business people who planned trips to Mumbai may think twice after hearing that the Indian units of Merrill Lynch & Co., Morgan Stanley and HSBC Holdings Plc shut their Mumbai offices yesterday. They wont soon forget that one of s first condemnations of global terrorism as U.S. president-elect involved India. (Bloomberg -- Columnists)
Asian commodity shares rise on stimulus plans Nov 28, 2008
Nomura Securities Co. and HSBC Holdings Plc cut their ratings on Panasonic. Nomura also lowered Sony Corp. to "neutral'' from "buy,'' and Sharp Corp. to "reduce'' from "neutral. (Sydney Morning Herald -- Business)
Merrill Lynch, HSBC Close Mumbai Offices as Terrorists Target Foreigners Nov 28, 2008
The Oberoi and Taj hotels that were targeted are near the financial district, which houses Merrill Lynch, Morgan Stanley and HSBC Holdings Plc. Terrorists armed with grenades and rifles stormed into the hotel and the Trident Oberoi complex late yesterday, saying they were targeting Americans and Britons, according to eyewitness reports. (Bloomberg -- US)
Panasonic Shares Fall After Profit Forecast Slashed by 90% on Demand Slump Nov 28, 2008
HSBC Holdings Plc and Nomura Holdings Inc. cut their investment recommendations on Panasonic after the worsened outlook. in the year ending March 31 will be 30 billion yen ($314 million), less than the previously estimated 310 billion yen, as the global recession damps demand and product prices fall, the Osaka-based company said yesterday. (Bloomberg -- Japan)
China's Interest Rate Cut to Squeeze Bank Margins Further, Analysts Say Nov 27, 2008
The six banks will report declining profits in 2009 as lower interest rates shrink margins and loan defaults increase, HSBC Holdings Plc said Nov. 12. The central bank yesterday also lowered the for the biggest banks to 16 percent from 17 percent, effective Dec. 5. (Bloomberg -- Asia)
India Halts Stock, Bond, Rupee Trading After Terror Attacks; Futures Drop Nov 27, 2008
1 percent, according to HSBC Holdings Plc. They are rated BBB- by Standard & Poors, the lowest investment grade. (Bloomberg -- Asia)
US Economy: Goods Orders, Consumer Spending Tumble (Update1) Nov 27, 2008
Macroeconomic Advisers LLC, JPMorgan and HSBC Holdings Inc. analysts already predict a zero rate by January. Chinas central bank said it will lower its key by 108 basis points to 5. (Bloomberg)
'HSBC will consider some Citi assets' Nov 25, 2008
LONDON: HSBC Holdings chairman Stephen Green said the London-based bank would consider buying the right assets of Citigroup, as the US bank faces the threat of a breakup or sale. It would depend, Green said in an interview at the Confederation of British Industry conference in London. (India Times)
Barclays Abu Dhabi Bailout Incites Shareholders Vexed by Investment Terms Nov 25, 2008
In the midst of the financial crisis, Barclays Chief Executive Officer and his partner, , are doubling down their bets in a bid to transform their 318- year-old British-centric institution into a bank that can compete globally with HSBC Holdings Plc and. The Lake Como retreat was educational in focus, says Barclays spokeswoman. (Bloomberg)
Asia breathes easier after US rescues Citigroup Nov 24, 2008
Hong Kong-listed HSBC Holdings lost 3 percent and China's Ping An Insurance Co. dropped 4. 9 percent. (Atlanta Journal-Constitution -- Business)
UAE takes over two Dubai mortgage lenders Nov 24, 2008
Abu Dhabi house prices fell for the first time in October, after credit markets seized up, banks tightened mortgage criteria and developers started to scale back projects, according to HSBC Holdings Plc ... HSBC Holdings Plc and Lloyds TSB Group Plc, two of the largest U.K. banks operating in the U.A.E., said Nov. 11 they would tighten mortgage lending criteria in the Gulf state ... That merger, spurred by Dubai's ruler Sheikh Mohammed, was meant to take on competition from the local units of... (Sydney Morning Herald -- Business)
FTSE 100 Index Falls to Lowest Since April 2003 After 11% Drop This Week Nov 22, 2008
fell the most in six weeks after HSBC Holdings Plc cut its recommendation on the owner of gas and power networks in Britain and the U.S. Centrica Plc dropped the most in almost four years after shareholders approved a capital increase to help fund the possible acquisition of a quarter of British Energy Group Plc. The benchmark dropped 94. (Bloomberg -- UK)
Retreat from Asia unlikely for embattled Citigroup Nov 21, 2008
Citigroup is cutting 52,000 jobs worldwide and reducing costs by a fifth, but it is reluctant to give up any of its hard-won presence in a region where it rivals HSBC Holdings and Standard Chartered. It is, however, expected to shed staff in Asian units like investment banking, although cuts are likely to be less deep than in the United States and Europe. (International Herald Tribune -- Business)
Asian Markets Rebound on Rescue Hopes Nov 21, 2008
TO), (CBA.AU), CNOOC Ltd. (CEO), HSBC Holdings PLC (HBC), (HSBA.LN), Kookmin Bank (KB), (MFG), MFS Government Markets Income Trust (MGF), PetroChina Co. Ltd. (PTR), (WOPEY), (WPL.AU), (AU000000), (AU000000), (CN000936), (CN000A0H), (CNE00000), (CNE10000), (CNE10000), (CNE10000), (CNE10000), (GB000540), (HK088301), (JP388578), (US126132), (US260994), (US404280), (US48241A), (US552939), (US60687Y), (US648815), (US71646E), (US980228), ) at SmartMoney ... Financials such as Mizuho Financial Group... (SmartMoney)
Japan's Nikkei 225 Slumps Below 8,000 on Exports, Recession; Insurers Sink Nov 20, 2008
Investments in hedge funds and private equity by T&D ``raises an alarm bell on the asset allocation,'' , a Hong Kong-based analyst at HSBC Holdings Plc, wrote in a note to clients. Russell cut T&D to ``neutral'' from ``outperform. (Bloomberg -- Japan)
Emerging-Market Stocks, Bonds Retreat on Economy; Brazil's Bovespa Slides Nov 19, 2008
Taiwan's Taiex index fell 3 percent, the lowest since May 2003, as HSBC Holdings Plc said slowing demand for electronics will hurt Hon Hai Precision Industry Co.. Hon Hai, the world's largest contract electronics maker, declined 6. (Bloomberg -- Latin America)
'Dubai Dream' may be over Nov 19, 2008
The bubble may be about to burst as HSBC Holdings said Dubai and Abu Dhabi house prices fell for the first time this month, after credit markets seized up, banks tightened mortgage criteria and developers started to scale back projects. The emirate "has been booming on the oil surpluses" from neighboring Gulf states and Russia, Khan said. (Sydney Morning Herald -- Business)
Stocks in Europe, Asia Drop, Paced by Banks; U.S. Stock-Index Futures Fall Nov 19, 2008
HSBC Holdings Plc, Europe's biggest bank, and Credit Suisse Group AG retreated more than 2 percent. BHP Billiton Ltd. the world's largest mining company, followed metal prices lower, losing 2. (Bloomberg -- Europe)
Asian Stocks Slump for Second Day as Job Losses Mount; Banks Lead Decline Nov 18, 2008
HSBC Holdings Plc, Europes largest lender by market value, declined 3. 4 percent to HK$79. (Bloomberg -- Asia)
ASIA MARKETS: Asian Stocks In Red; Property, Chip-makers Lower Nov 18, 2008
Shares of HSBC Holdings (HBC) were down 1. 6% after the bank said Monday it plans to cut 450 jobs from its Hong Kong operations, adding to about 100 layoffs there in September. (CNNMoney.com)
Bank Job Cuts Cast Shadow In Asia Nov 18, 2008
HSBC Holdings (nyse: - - ) dropped by 1. 6%, after it said Monday it. (Forbes -- Markets)
HSBC to Cut 500 Jobs in Asia as Slump Takes Toll Nov 18, 2008
HSBC Holdings PLC, Europe's largest bank by market value, plans to cut 500 jobs in Asia due to the global economic slump. The cuts will be made in various parts of the business, including back office functions, with about 450 jobs in Hong Kong to be shed, the London-based lender announced to employees Monday. (ABC News -- Wire)
Japan Stocks Fall as Layoffs Hammer Bank Shares Nov 18, 2008
Britain's Sunday Telegraph newspaper reported that JPMorgan Chase ill likely cut thousands of jobs worldwide next year and HSBC Holdings PLC, Europe's largest bank by market value, said it plans to cut 500 jobs in Asia. The news weighed heavily on Japanese financial firms. (ABC News -- Wire)
FTSE 100 Index Falls; HSBC, Lonmin, Shell, Rentokil, Wolseley Shares Drop Nov 18, 2008
Declines in the FTSE 100 were led by Hsbc Holdings Plc (Hsba Ln), Royal Dutch Shell Plc (Rdsa Ln) and Royal Dutch Shell Plc (Rdsb Ln). About 11. (Bloomberg -- UK)
Layoffs add to market gloom Nov 18, 2008
HSBC Holdings, Europe's largest bank by market value, said it plans to cut 500 jobs in Asia due to the global economic slump. "The entire world seems to be sinking into recession," said Francis Lun, general manager of Fulbright Securities in Hong Kong. (Business Report, South Africa)
Stocks fall in Europe after G-20 Nov 17, 2008
6 percent, HSBC Holdings falling 2. 6 percent, and UBS declining 3. (International Herald Tribune -- Business)
Credit woes find shoppers 'hunkering down' Nov 17, 2008
The chain's bank, HSBC Holdings, hasn't tightened lending standards or started rejecting more applicants, said Ryan Robinson, chief financial officer of Best Buy's U.S. business. Britt Beemer, president of America's Research Group, expects such promotions to be short-lived and targeted to consumers with the strongest credit. (San Diego Union-Tribune)
Dubai fund chief: Now is not the time to invest Nov 16, 2008
"We cannot afford to see the Western financial system collapse," said John Sfakianakis, chief economist at SABB, the HSBC Holdings PLC affiliate formerly known as Saudi British Bank. "It is in our national interest to see that the Western financial system is open and healthy.". (International Herald Tribune -- Health)
Chinese Banks Face Increasing Bad Loans, Narrowing Margins, Regulator Says Nov 15, 2008
The nation's six largest listed banks will report in 2009 as lower interest rates will shrink margins and loan defaults may increase, HSBC Holdings Plc said in a research note Nov. 12. Bad loans are already showing an upward trend, especially in the property market where the mortgage default risk is growing at an accelerating pace,'' Jiang said, without elaborating. (Bloomberg -- Asia)
FTSE 100 Advances; HSBC, GlaxoSmithKline annd Vodafone Shares Lead Gains Nov 14, 2008
Gains in the FTSE 100 were led by Hsbc Holdings Plc (Hsba Ln), Glaxosmithkline Plc (Gsk Ln) and Vodafone Group Plc (Vod Ln). About 19. (Bloomberg -- UK)
Friends Provident cuts up to 280 Manchester jobs Nov 14, 2008
New Model Adviser Edition. News, ratings, events and ideas for professional financial planners. (CityWire.co.uk)
Asian stock markets slide on three factors Nov 14, 2008
35 led by HSBC Holdings Plc. Shares in mainland China companies traded in Hong Kong tumbled after the October growth figure for industrial output showed the slowest pace in seven years at 8. (The Star Online, Malaysia -- Business)
Asian Stocks Extend Global Rout on U.S. Treasury Plan, Intel Forecast Cut Nov 13, 2008
8 percent, led by HSBC Holdings Plc. The collapse of the U.S. mortgage market sparked $950 billion in losses and writedowns at financial companies and now threatens a global economic recession. (Bloomberg -- Asia)
IIMs' strategies to woo recruiters Nov 13, 2008
UK bank HSBC Holdings may cut 600 more staff as economic conditions worsen. Recruitments by companies have come to a virtual halt due to the global financial turmoil, said HR managers. (India Times)
HSBC reports more bad loans at U.S. unit Nov 11, 2008
Two leading European banks delivered surprises to investors on Monday, with HSBC Holdings reporting deeper problems at its U.S. unit, while Banco Santander reversed course and said it would sell shares to raise more capital. HSBC, the biggest bank in Europe, still reported a rise in third-quarter pretax profit on the back of its growing Asian business, as well as asset sales and accounting gains. (International Herald Tribune)
Cautious Mood Sparks Asian Selloff Nov 11, 2008
TO), Aluminum Corp. of China Ltd. (ACH), (AIO.AU), (ANGGY), Canon Inc. (CAJ), (CBA.AU), HSBC Holdings PLC (HBC), (HSBA.LN), (NAB.AU), (NABZY), Toyota Motor Corp. (TM), (WBC.AU), Westpac Banking Corp. (WBK), (AU000000), (AU000000), (AU000000), (AU000000), (CN000765), (CN000908), (CNE00000), (CNE10000), (CNE10000), (CNE10000), (GB000540), (HK000000), (JP324280), (JP363340), (JP390360), (US022276), (US03462W), (US138006), (US404280), (US632525), (US892331), (US961214), (XC000969), ) at SmartMoney... (SmartMoney)
HSBC's profit rises as US loan losses deteriorate Nov 11, 2008
By , MarketWatch Last update: 10:41 a.m. EST Nov. 10, 2008 LONDON (MarketWatch) -- HSBC Holdings' third-quarter pretax profit rose from a year earlier after it reclassified $13 billion of assets and generated gains from the changing value of its own debt, Europe's largest bank reported Monday. The company (: , , ) (:HBC, , , Last. (MarketWatch)
Asian growth helps HSBC offset US losses Nov 11, 2008
LONDON: Europes biggest bank HSBC Holdings said its profit in the third quarter was ahead of a year earlier as growth in Asia helped offset almost US$5bil in bad debts on US home loans and asset writedowns. HSBC said its profits in the nine months to the end of September was lower than the same period of 2007. (The Star Online, Malaysia -- Business)
HSBC says 3Q profit rose despite weak US Nov 10, 2008
HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that third-quarter profit rose, as growth in Asia and asset sales offset a poor performance in the United States, where bad loans continued to mount. Get Quote. (San Francisco Chronicle -- Business)
HSBC's profits up on year despite U.S. hit Nov 10, 2008
Europe's biggest bank HSBC Holdings said its profit in the third quarter was ahead of a year earlier as growth in Asia helped offset almost $5 billion (3. 2 billion pounds) in bad debts on U.S. home loans and asset writedowns. (International Herald Tribune -- Technology)
HSBC to write down $5 billion but Asia helps profit Nov 10, 2008
HSBC Holdings, the giant European bank, said Monday that its profit in the third quarter was ahead of a year earlier as growth in Asia helped offset almost $5 billion in bad debts on U.S. home loans and asset write-downs. HSBC said its profit in the nine months to the end of September was lower than the same period of 2007. (International Herald Tribune -- Business)
Citi, Goldman, Too-Big-to-Fails, Need New Rules: Roy C. Smith Nov 10, 2008
All of them -- such as Goldman Sachs Groups Inc., Citigroup Inc., HSBC Holdings Plc and UBS AG -- need to be included within the purview of a new, beefed-up regulatory framework. Broader Definition. (Bloomberg -- Columnists)
AIG board nears approval of revised Fed plan: source Nov 10, 2008
HONG KONG (Reuters) - The Asian arm of UK bank HSBC Holdings <0005. HK> may cut 600 more staff as economic conditions worsen, Hong Kong's Standard newspaper reported on Monday, citing unnamed sources. (Washington Post)
Global Stocks Rise on China Stimulus Package; Oil, Copper Rally, Yen Drops Nov 10, 2008
HSBC Holdings Plc fell 2 percent to 731. 5 pence. (Bloomberg -- Europe)
Zero-Interest-Rate World Looms as King, Trichet Race to Salvage Economies Nov 9, 2008
HSBC Holdings Plc, Barclays Plc and HBOS Plc are among U.K. mortgage lenders that have still to decide whether to follow the Bank of England's rate cut by paring their own standard variable rates. In the euro area, banks yesterday deposited a record 297. (Bloomberg)
* HSBC cuts best loan rate in HK to 5% Nov 8, 2008
HSBC Holdings PLC, the bank with the biggest network in Hong Kong, said it would cut its best lending rate in the city by a quarter of a percentage point to 5 percent. The reduction, the first since March, will take effect on Monday, the bank said in a statement. (Taipei Times, Taiwan -- World)
HSBC expected to report more write-offs next week from U.S. division Nov 8, 2008
HSBC Holdings, the biggest European bank, is expected to report additional write-offs of nearly $4 billion on bad U.S. loans on Monday and may also signal a slowdown in Asian growth as the credit crisis bites. According to analysts' forecasts, HSBC, which reports its U.S. results on Monday, is expected to say that it will continue to incur substantial losses from bad debts in its U.S. mortgage business for some time. (International Herald Tribune -- Business)
British Banks Reduce Their Mortgage Rates After Government Requests Action Nov 8, 2008
HSBC Holdings Plc, the U.K.'s biggest bank is ``reviewing'' its standard rate, said spokesman. About 3 percent of its borrowers are on the standard rate, with the remainder on fixed-rate deals or tracker rates, he said. (Bloomberg -- UK)
HSBC faces hit on U.S. bad loans and Asia slowdown Nov 7, 2008
Europe's biggest bank HSBC Holdings is set to next week report another hit of near $4 billion (2. 53 billion pounds) on bad U.S. loans and may signal a slowdown in Asian growth as the credit crisis bites. (International Herald Tribune -- Technology)
U.S. stock futures, Europe shares trim gains after jobs data Nov 7, 2008
Analysts pointed to an interest rate cut by leading bank HSBC Holdings Inc. the result of recent softening in interbank rates amid persistent liquidity injections from central bankers as a major catalyst. Copyright 2008 Reuters Limited. (USA Today -- Money)
European Stocks, U.S. Index Futures Rise; Barclays, HSBC, BHP Shares Gain Nov 7, 2008
9 percent and HSBC Holdings Plc gained 1. 9 percent. (Bloomberg -- Europe)
WTO meeting to ease credit shortage for trade Nov 3, 2008
World Bank President Robert Zoellick, IMF Managing Director Dominique Strauss-Kahn and representatives of Citigroup Inc., Commerzbank AG, JPMorgan Chase & Co., and HSBC Holdings are among those invited. The rapid expansion in global trade in the past years has been a key driver of economic growth. (Atlanta Journal-Constitution -- Business)
Asia Day Ahead: Nobel Winner Says Bernanke, Paulson Steps `Weren't Smart' Nov 3, 2008
HSBC Holdings Plc Chief Operating Officer David Hodgkinson said banking conditions are improving, though there may be more ``shocks in the system,'' Reuters said. Last Updated: November 2, 2008 15:02 EST. (Bloomberg -- Japan)
Centrica to Raise $3.6 Billion in Rights Offer for Stake in British Energy Nov 1, 2008
HSBC Holdings Plc, BNP Paribas SA, RBS Hoare Govett and Barclays Capital are the lead managers. Centrica said in September it only owns enough and gas fields to meet about one-third of its demand. (Bloomberg -- UK)
Barclays raises $18b in Middle East Nov 1, 2008
Mr Potter said that Barclays was trading at too rich a premium to RBS and LLoyds "especially while questions remain over its gearing to both capital markets earnings and potential further write-downs.'' Barclays, Britain's third largest bank, needed to raise funds to meet new capital reserve requirements set out by the British government for banks as part of its 50 billion pounds package earlier this month. The Royal Bank of Scotland, Lloyds TSB and HBOS all received direct funding in the... (Sydney Morning Herald -- Business)
Banks asking for credit card debt forgiveness Oct 31, 2008
The biggest credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings. Credit card charge-off rates, balances written off as unpaid, rose to 6. (MSNBC -- Politics)
HK stock index slides 2.5 pct after recent gains Oct 31, 2008
Financials were mostly lower, with HSBC Holdings off 3. 6 percent to $92 Hong Kong dollars and top Chinese lender Industrial & Commercial Bank of China Ltd, or ICBC, down 3 percent to HK$3. (Atlanta Journal-Constitution -- Business)
Deal sought by banks on some outstanding credit-card debt Oct 31, 2008
The biggest credit-card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase and Co., Capital One Financial Corp., American Express Co. and HSBC Holdings. Credit-card charge-off rates, balances written off as unpaid, rose to 6. (AZCentral -- Business)
Nikkei Slides Despite Rate Cut; Asia Mixed Oct 31, 2008
TO), (BBL), BHP Billiton Ltd. (BHP), (BHP.AU), (BLT.LN), HSBC Holdings PLC (HBC), (HSBA.LN), (LFC), (MFG), MFS Government Markets Income Trust (MGF), PetroChina Co. Ltd. (PTR), Sony Corp. (SNE), (WOPEY), (WPL.AU), (AU000000), (AU000000), (CN000358), (CN000936), (CN000A0E), (CNE00000), (CNE00000), (CNE10000), (CNE10000), (CNE10000), (CNE10000), (CNE10000), (GB000056), (GB000540), (JP330060), (JP343500), (JP378020), (JP386840), (JP388578), (US088606), (US16939P), (US260994), (US404280),... (SmartMoney)
Hong Kong stock index soars almost 13 percent Oct 30, 2008
In financials, HSBC Holdings added 10. 7 percent to HK$95. (International Herald Tribune -- Technology)
HK stock market extends gains after huge rally Oct 29, 2008
"The overall downside risk is still high, and many are fearful of staying in the market too long,'' said Castor Pang, an analyst at Sun Hung Kai Financial. Oil issues helped boost the index. CNOOC Ltd., a unit of China's biggest offshore oil and gas producer, soared 10.8 percent to HK$5.01 after posting a 69 percent rise in third-quarter revenue, thanks to the surge in global crude prices. PetroChina rose 5.8 percent to HK$4.92. Resource companies strengthened on higher commodity prices, with... (The Star Online, Malaysia -- News)
Volkswagen Passes Nestle as Europe's Biggest Company as Porsche Buys Stock Oct 28, 2008
Porsche heads for a domination agreement and triggers a short-squeeze,'' , an HSBC Holdings Plc analyst in Dusseldorf, Germany, wrote in a report yesterday, in which he Volkswagen's common shares to ``neutral'' from ``underweight. The stock ``will be more driven by covering of short positions rather than by fundamental valuations. (Bloomberg -- Germany)
Asian Stocks Rally; Nikkei Recoups 6% Oct 28, 2008
TO), Canon Inc. (CAJ), HSBC Holdings PLC (HBC), Honda Motor Co. Ltd. (HMC), (HSBA.LN), (MTU), (NISTY), (CN000A0L), (CNE00000), (CNE10000), (GB000540), (HK003400), (JP324280), (JP338100), (JP338603), (JP385460), (JP390290), (US138006), (US404280), (US438128), (US46616C), (US606822), (US654619), ) at SmartMoney ... Leading gains in Hong Kong, shares of market heavyweight HSBC Holdings (HBC) jumped 20%, recovering some losses after five sessions of declines, while Industrial & Commercial Bank of... (SmartMoney)
Hang Seng below 12000; regional sell-off continues Oct 27, 2008
In Hong Kong, shares of market heavyweight HSBC Holdings (: , , ) (:HBC, , , Last. Delayed quote data. (MarketWatch)
Hong Kong Slumps 13%; Tokyo at 26-Year Low Oct 27, 2008
TO), Canon Inc. (CAJ), HSBC Holdings PLC (HBC), (HSBA.LN), ICICI Bank Ltd. (IBN), Kookmin Bank (KB), (MFG), MFS Government Markets Income Trust (MGF), (MTU), (NTDOY), (SMFJY), (CN000A0L), (CNE00000), (CNE10000), (GB000540), (HK038800), (HK038804), (INE090A0), (JP324280), (JP375660), (JP388578), (JP389035), (JP390290), (US138006), (US404280), (US45104G), (US48241A), (US552939), (US606822), (US60687Y), (US654445), (US86562M), ) at SmartMoney ... In Hong Kong, shares of market heavyweight HSBC... (SmartMoney)
* EUROPE: European stocks tumble further on earnings concern Oct 26, 2008
HSBC Holdings PLC and Barclays PLC, the biggest UK banks, fell 13 percent as a 0. 5 percent decline in second-quarter GDP signaled Britain may be in the grip of its first recession since 1991. (Taipei Times, Taiwan -- World)
Barclays Leads European Corporate Bond Sales With First U.K.-Backed Debt Oct 25, 2008
U.K. lenders Lloyds TSB Group Plc, HBOS Plc, Abbey National Plc, HSBC Holdings Plc, Nationwide Building Society, Standard Chartered Plc and Royal Bank of Scotland Group Plc can also sell U.K.-backed debt. Gasunie, GDF Suez. (Bloomberg -- UK)
Asian Stocks, U.S. Futures Slump on Economy, Earnings Concerns; Yen Surges Oct 24, 2008
HSBC Holdings Plc led declines in Hong Kong after Morgan Stanley cut its price target 25 percent. Treasuries rose, sending 10-year notes to their biggest weekly gain in a decade, as spreading financial turmoil wiped out more than $10 trillion of global stock-market value this month. (Bloomberg -- Asia)
Asian Markets Savaged, Down 10% Overnight Oct 24, 2008
TO), Canon Inc. (CAJ), HSBC Holdings PLC (HBC), (HSBA.LN), (SHCAY), Sony Corp. (SNE), (CN000A0L), (CNE00000), (CNE10000), (GB000540), (HK029100), (HK038800), (HK038804), (JP324280), (JP335960), (JP343500), (US138006), (US260994), (US404280), (US648815), (US819882), (US835699), ) at SmartMoney ... In Hong Kong, shares of market heavyweight HSBC Holdings (HBC) lost 12. (SmartMoney)
Asian stocks routed; Nikkei at 26-year low Oct 24, 2008
HSBC Holdings Plc tumbled 13% after Morgan Stanley cut its share-price target. The yen jumped to a 13-year high and Treasuries rose. (Sydney Morning Herald -- Business)
Argentina seeks nationalizing pensions Oct 23, 2008
The private accounts, created in 1994 during a wave of privatizations, include Arauca Bit AFJP; Consolidar fund run by BBVA Banco Frances SA, a unit of Spain's BBVA; HSBC Holdings Plc's Maxima fund; Met AFJP, which is run by MetLife Inc; Origenes, owned by ING Groep NV; Futura AFJP; Nacion AFJP, run by Argentina's National Bank; Profesion + Auge AFJP; Unidos S.A. AFJP; Previsol AFJP S.A.. Share this on. (CNN -- World)
Citic Pacific Fortunes Tied to Australia Dollar After Derivatives Losses Oct 23, 2008
HSBC Holdings Plc, BNP Paribas SA and Citigroup Inc. were among the banks who sold the derivatives, according to the company. Spokespeople for the banks declined to comment. (Bloomberg -- Australia & New Zealand)
Griffin: Another U.S. Stimulus Package Needed Oct 23, 2008
Niall Booker, deputy chief executive of HSBC Holdings Plc's (HSBA.L: Quote, Profile, Research, Stock Buzz) North American businesses, said that the U.S. government may need to guarantee some aspects of the CDS market -- vilified as a major factor in the current financial crisis -- to ensure such holdings can be unwound safely. Griffin and other panelists said another stimulus package is necessary. (Newsmax)
China Plans to Inject $19 Billion in Agricultural Bank, Take On Bad Loans Oct 22, 2008
Fourteen of the nation's 130 commercial banks are now listed in China and Hong Kong, and count Bank of America Corp, HSBC Holdings Plc and Goldman Sachs Group Inc. among their foreign strategic investors. was the first of the nation's four largest to go public in October 2005, raising $9. (Bloomberg -- Asia)
Citic Pacific Faces Hong Kong Regulatory Probe on $2 Billion Currency Loss Oct 22, 2008
HSBC Holdings Plc, BNP Paribas SA and Citigroup Inc. were among the banks who sold the contracts, according to the company. The banks declined to comment when contacted yesterday. (Bloomberg -- Asia)
HSBC buys Katuari family bank to expand network Oct 22, 2008
"This acquisition increases our presence in Indonesia, putting us in the top three foreign banks in the country," said Sandy Flockhart, HSBC Holdings plc executive director and chief executive officer of HSBC Asia Pacific. Rakesh said HSBC would benefit from Bank Ekonomi's strength in small medium enterprise (SME) banking. (Jakarta Post, Indonesia -- Business)
HSBC to acquire Indonesian bank Oct 21, 2008
HSBC Holdings, Europe's biggest bank, is to boost its presence in South-East Asia by acquiring Indonesia's Bank Ekonomi for some $680m (397m). HSBC will buy an 88. (BBC News -- Business)
Asian stocks rise Oct 21, 2008
Indonesia's PT Bank Ekonomi Raharja gained by its 10% limit after HSBC Holdings bought a controlling stake. "Confidence is coming back into the markets,'' said Nader Naeimi, a Sydney-based senior investment strategist at AMP Capital Investors. "There is more risk appetite now and investors are buying back extremely depressed assets. (Sydney Morning Herald -- Business)
HSBC to buy 89 percent of Bank Ekonomi Oct 20, 2008
HSBC Holdings said on Monday it was buying 88. 89 per cent of Indonesia's PT Bank Ekonomi Raharja Tbk for $607. (International Herald Tribune -- Travel)
Archives: HSBC Holdings
