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  1. HSBC Holdings sees shares hit 10-year low

    Posted Feb 21st 2009, 12:00am by Nick Westra

    ... Maria Chan and Nick Westra Shares of HSBC Holdings fell to a 10-year low yesterday, prompted by fears the bank could deliver worse-than-expected results next month. The stock slid ... cautious ahead of HSBC's result announcement set for March 2. HSBC shares have fallen by 25.64 per cent so far this year, particularly since mid-January when analysts estimated the bank needed ...

  2. HSBC holds out as three more lenders raise rates

    Posted Jul 21st 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Three more banks are raising prime lending rates to 6.5 per cent from today- leaving HSBC as the only lender with prime still at 6.25 per cent. Bankers believe interest rates ... An HSBC spokesman said the bank was still considering whether to increase its rates. With a prime rate of 6.5 per cent, mortgage borrowers are now paying about 4.5 per cent interest ...

  3. Hang Seng Index fails to hold above 21,000

    Posted Aug 05th 2009, 12:00am by Nick Westra

    ... Nick Westra The Hang Seng Index cleared the 21,000-point hurdle yesterday morning for the first time since early September last year but could not hold the line, as skittish investors retreated on speculation that upcoming earnings announcements could disappoint the market. The index climbed 1.87 per cent before finishing at 20,796.43, down 10.83 points or 0.05 per cent. HSBC ...

  4. HSBC sells London base for GBP1.09b

    Posted May 01st 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the world's fourth-largest lender by market value, has agreed to sell its London headquarters building for GBP1.09 billion (HK$16.99 billion), the largest ... property company in Spain. In the agreement, HSBC will lease the building for 20 years at an annual rent of GBP43.5 million, with an option to extend for a further five years. The lender said ...

  5. HSBC shifts focus in sale of NZ home loan business

    Posted Feb 16th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings said it planned to sell its New Zealand home-loan business bought four years ago to focus on its self-generated mortgage business. HSBC New Zealand, a unit ... value of NZ$720 million (HK$3.9 billion) as of January 18. HSBC acquired these mortgages when it bought AMP's retailing banking unit in 2003 for about US$497 million. HSBC will keep most ...

  6. HSBC raises holding in Hanoi bank

    Posted Jul 07th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings has received approval from the State Bank of Vietnam to raise its stake in Vietnam Technological and Commercial Joint-Stock Bank (Techcombank) to 15 per cent from 10 per cent for US$33.7 million. The bank plans to apply for permission to further raise its stake in Techcombank to 20 per cent. The latest increase makes HSBC the first foreign lender ...

  7. HSBC denies holding Pinochet gold hoard

    Posted Oct 27th 2006, 12:00am by Andy Chen, Nevin Nie

    ... Nevin Nie and Andy Cheng Hongkong and Shanghai Banking Corp yesterday denied media reports that it is holding US$160 million in gold deposits for former Chilean dictator Augusto Pinochet. Vincent Cheng Hoi-chuen, the chairman of HSBC's Hong Kong operation, said the lender's preliminary investigation showed that it is not keeping the alleged deposits. An HSBC spokeswoman ...

  8. Business - Banking & Finance - BANKING

    HSBC may quit South Korean retail banking sector

    Posted Nov 30th 2012, 12:00am by Bloomberg

    ... Bloomberg in Seoul Review of operations by UK bank comes after failure of takeover talks for KDB Financial HSBC may exit Korean retail sector HSBC Holdings is considering closing its South ... Hyonjin Suh, a Seoul-based HSBC spokeswoman, said in an e-mailed response to questions, declining to elaborate. The review follows a collapse of takeover talks with KDB Financial Group in July. ...

  9. HSBC, charity in rural credit talks

    Posted Mar 07th 2008, 12:00am by Eric Ng

    ... Eric Ng in Beijing The Bill & Melinda Gates Foundation and HSBC Holdings are in talks with the mainland's largest animal feed producer about setting up rural credit firms to help ... with Mr Gates and HSBC executive director Vincent Cheng Hoi-chuen. Talks had also been held with Standard Chartered Bank and international charities. Mainland farmers, who struggle to survive ...

  10. Business - Economy

    China July HSBC services PMI holds steady at 51.3

    Posted Aug 05th 2013, 09:56am by Reuters

    ... in July. The HSBC/Markit Purchasing Managers’ Index (PMI) for the services industry stood at 51.3 in July, unchanged from June and just a whisker above a 20-month low of 51.1 struck in April. ... at a relatively low level of growth,” said Qu Hongbin, an economist at HSBC. “But profit margins continue to be squeezed. Without a sustained improvement in demand, services growth is likely to remain ...




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