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  1. HSBC net profit climbs 57.8pc in quarter

    Posted May 10th 2011, 12:00am

    ... Lulu Chen HSBC Holdings' earnings jumped 57.8 per cent in the first quarter, but chief executive Stuart Gulliver said it could take three years for the bank to reach its key cost ... strategy to cut costs. For every GBP1 billion (HK$12.73 billion) of savings, HSBC's cost-income ratio could decline by 2.3 percentage points and pre-tax profit could rise 7.2 per cent ...

  2. HSBC loses another key executive

    Posted Jul 19th 2007, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu HSBC Holdings has lost at least its fourth senior Asia-Pacific executive in three months after the resignation of Nick Sibley, the head of personal financial services in the region, according to sources. Mr Sibley's departure follows the loss of Michael Smith, the chief executive of HSBC's Asia-Pacific unit, who resigned early last month ...

  3. Coal miner aims for US$300m IPO

    Posted Jan 13th 2006, 12:00am by Eric Ng

    ... is planning a US$300 million Hong Kong initial public offering this year after its domestic listing plan ground to a halt. The group has retained HSBC to sponsor the offering, which may take place ... China's coal industry is troubled by poor safety, backward technology and a transport bottleneck. Separately, HSBC has also been retained to prepare another Shanxi-based firm, recently ...

  4. ICBC tops HSBC in global rankings

    Posted Dec 26th 2006, 12:00am by Enoch Yiu

    ... in the world's biggest initial public offering in October, has overtaken HSBC Holdings to become the world's third-largest bank by market value. ICBC's shares surged by the daily limit of 9.9 per cent yesterday to close at 5.21 yuan on the Shanghai Stock Exchange, valuing the firm at US$214.2 billion. HSBC had a market capitalisation of US$208.4 billion at the close of trading ...

  5. In Brief

    Posted Jan 17th 2005, 12:00am by Staff Reporter

    ... wages protected in HSBC revamp, says chief Wages were not cut as HSBC reduced the number of its staffing grades from 22 to eight, company chairman David Eldon said at the weekend. Instead, Mr Eldon said, the administrative restructuring had made most employees eligible for a pay rise. Under the banking giant's new structure, the number of staff receiving a pay rise ...

  6. Mainland local debt tops 10.7tr yuan

    Posted Jun 28th 2011, 12:00am

    ... launched in 2008 to counter the global recession, said Qu Hongbin, HSBC's chief China economist. 'Beijing needs to take immediate action to restructure these debts to mitigate defaulting ...

  7. Hsbc shares fall on news of soft profit

    Posted Feb 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC's shares fell yesterday as underlying profit was hit by higher costs. The bank's underlying pre-tax profit fell 6 per cent to US$17.7 billion. ... to ?.51 (HK$67.78) in early afternoon trading, the largest intraday drop since November 9. HSBC chief executive Stuart Gulliver said emerging markets such as Brazil, China and Latin America ...

  8. DBS shares slide to five-year low

    Posted Oct 24th 2008, 12:00am by Joyce Man

    ... in Singapore and Hong Kong. The bank is the largest in Singapore by assets. Meanwhile, two financial institutions expressed interest in restructuring Lehman Brothers minibonds in Singapore and letting them run to maturity, the country's central bank said. The trustee for the notes, HSBC Institutional Trustee Services (Singapore), informed the Monetary Authority of Singapore on Wednesday ...

  9. Business - Money

    China official PMI edges up, HSBC's PMI sinks

    Posted Aug 01st 2013, 09:12am by Reuters

    ... to 50.3 in July, from 50.1 in June. Analysts polled by Reuters had expected the PMI to come in at 49.9. The HSBC Purchasing Managers’ Index (PMI), compiled by Markit Economics Research, fell ... economist at HSBC. While keeping the door shut for big stimulus, the government has unveiled a series of polices to boost spending in social housing, urban infrastructure, high-speed rail ...

  10. Moulin's creditors call in the police

    Posted Jun 29th 2005, 12:00am by Jane Moir

    ... last week took legal steps to have the world's third-largest eyewear manufacturer declared bankrupt. Moulin was put into provisional liquidation on Thursday as 29 banks led by HSBC Holdings sought to reclaim at least $2.4 billion in debt after restructuring efforts failed and accounting irregularities continued to emerge at the company. A report had since been passed ...




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