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  1. HSBC mulls US acquisitions amid subprime mortgage woes

    Posted Apr 02nd 2008, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the global lender haunted by US subprime mortgage woes, has indicated that it has no plans to pull out of the US market and may even make acquisitions there. ... added. Knight Vinke Asset Management, an activist HSBC shareholder, reiterated last weekend that the bank should spin off HSBC Finance, its US consumer finance unit with heavy exposure ...

  2. HSBC posts 8.4pc earnings decline in HK

    Posted Aug 05th 2008, 12:00am by Staff Reporter

    ... 6.1 per cent in June, an 11-year high. 'Inflation is particularly an issue of concern for HSBC, as the bank is still undergoing a restructuring in Hong Kong,' said Peter Pak, ... Natalie Chiu Half-year profit drops first time in 5 years on write-downs, rising staff costs and rents HSBC Holdings' Hong Kong operation, which accounted for 30 per cent of British ...

  3. HSBC sets aside US$3.29b for US finance unit

    Posted May 13th 2008, 12:00am by Staff Reporter

    ... in the first quarter from 11.2 per cent, while other consumer lending rose to 5 per cent from 4.2 per cent. HSBC Finance has restructured 1,500 housing loans with an aggregate balance of about US$270 ... Maria Chan HSBC Holdings made an impairment charge of US$3.29 billion for its consumer finance unit in the United States in the first quarter but the management stopped short of saying ...

  4. Exciting career opportunity

    Posted Jun 28th 2008, 12:00am by Ana Wang

    ... Susie Gyopos and Ana Wang If you have a strong background in insolvency or restructuring, and relish the idea of global travel, read on. An organisation with a proven track record for delivering practical and efficient solutions around the world is looking for senior managers and managers with insolvency experience. Borrelli Walsh is a specialist, independent restructuring ...

  5. Techtronic taps banks for loan refinancing

    Posted Jun 09th 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun Techtronic Industries, the maker of Ryobi power tools, is revisiting the debt market to raise a three-year syndication loan to refinance a borrowing drawn in 2005. HSBC ... said. The firm had said net profit last year fell 88.3 per cent to HK$125 million because of an exceptional loss of HK$743 million for restructuring. Because of the poor US housing market, ...

  6. Agricultural Bank cleared to restructure

    Posted Oct 22nd 2008, 12:00am by Staff Reporter

    ... Jane Cai and Adam Chen in Beijing The State Council yesterday approved a long-awaited proposal to restructure Agricultural Bank of China into a shareholder-based company, paving the way ... in the third quarter, the slowest pace in five years. Officials at a cabinet meeting chaired by Premier Wen Jiabao yesterday passed Agricultural Bank's restructuring plans. It is the last ...

  7. Telecoms restructuring slows revenue growth

    Posted Dec 02nd 2008, 12:00am by Staff Reporter

    ... Frederick Yeung Revenue in the mainland's telecommunications industry grew 8.1 per cent in the first 10 months, a pace market watchers said was sluggish, as operators were busy with a major overhaul. Revenue for the period was 679.7 billion yuan (HK$ ...

  8. Comservice to benefit from telecoms restructuring

    Posted Sep 09th 2008, 12:00am by Staff Reporter

    ... restructuring. Operators investing in new 3G mobile networks could bring in new contracts for the company, chairman Li Ping said at the company's results announcement press conference yesterday. ... to provide fixed-mobile convergence services to meet operators' full-service operations after the restructuring. The industry restructuring will create three full-service operators which can ...

  9. Firms scrap restructuring plans as Beijing tightens scrutiny

    Posted Jul 12th 2008, 12:00am by Staff Reporter

    ... Jonathan Yang Thirty-six mainland listed firms have scrapped their restructuring plans since April as the state tightened its monitoring measures, according to the China Securities Journal. 'Many companies have realised that the cost of restructuring has become higher and some of them simply could not get through the assessment on restructuring under the new ...

  10. Steel industry restructuring shifts focus to coastal areas

    Posted Oct 20th 2008, 12:00am by Carol Chan

    ... Carol Chan Mainland demand for steel is driving the way the world's largest steel producer and consumer is reshaping the industry by shifting production bases to coastal seaport regions and ensuring sustainable development. The country's top eco ...




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