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  • November 26, 2014
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  1. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... Reuters in Beijing Mainland services PMI from HSBC/Markit falls to near 9-year low last month, reflecting strains in key sector and keeping spotlight on stimulus Property downturn puts ... purchasing managers index compiled by HSBC/Markit fell to 50 from a 15-month high of 53.1 in June. The latest reading is the lowest since November 2005, when data collection began. The survey ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest
  2. Business - Banking & Finance - LAWSUITS

    US court fines HSBC US$2.46 billion over Household International case

    Posted Oct 19th 2013, 03:12am by KANIS LI AND REUTERS

    ... Kanis Li and Reuters kanis.li@scmp.com The bank plans to appeal the verdict that its former unit violated federal securities laws Court hits HSBC with US$2.46b Household fine HSBC has been ... laundering last year. HSBC had made a US$1.7 billion provision related to legal proceedings and regulatory matters in its first-half results. “HSBC has already made some provision on the case ...

    http://www.scmp.com/business/banking-finance/article/1334931/us-court-fines-hsbc-us246-billion-over-household
  3. Business - Economy

    HSBC Hong Kong PMI rises as mainland orders increase

    Posted Aug 05th 2014, 11:52am by Reuters

    ... Reuters in Hong Kong The HSBC purchasing managers index (PMI) for Hong Kong rose to 50.4 in July from 50.1 in June. It indicates a marginal improvement in operating conditions ... not yet back to normal John Zhu, HSBC However, new business from mainland China expanded for the first time since March. Employment contracted marginally, and the rate of job shedding ...

    http://www.scmp.com/business/economy/article/1566837/hsbc-hong-kong-pmi-rises-mainland-orders-increase
  4. Sport - Golf

    Adam Scott keen to shine in Shanghai showpiece

    Posted Nov 05th 2014, 09:57pm by AFP

    ... Agence France-Presse in Shanghai Australian says the HSBC Champions event may be without Rory McIlroy but the 'Asian major' boasts a powerful field of international stars Scott keen to shine in Shanghai showpiece Forty of the world's top 50 golfers will tee off in Shanghai on Thursday when "Asia's major", the World Golf Championships (WGC) HSBC ...

    http://www.scmp.com/sport/golf/article/1632918/adam-scott-keen-shine-shanghai-showpiece
  5. News - Hong Kong

    HSBC to make life easier for customers withdrawing cash abroad

    Posted Oct 07th 2013, 10:09pm by Howard Winn

    ... Howard Winn howard.winn@scmp.com The wait is over for HSBC’s long suffering customers who have been unable to withdraw cash in many countries, particularly outside Asia, using their ATM cards. HSBC will announce on Tuesday that customers can start applying for a new ATM card that uses the Plus payment network, which can be used in addition to the bank’s current ATM cards ...

    http://www.scmp.com/news/hong-kong/article/1326680/hsbc-make-life-easier-customers-withdrawing-cash-abroad
  6. Sport - Golf - GOLF

    Rory McIlroy wants to emulate Nicklaus and Player at Australian Open

    Posted Nov 24th 2014, 11:40pm by AP

    ... of the Abu Dhabi HSBC Championship starting on January 15. "I'll start practising again early in the new year and get ready for Abu Dhabi," he said. ...

    http://www.scmp.com/sport/golf/article/1647842/rory-mcilroy-wants-emulate-nicklaus-and-player-australian-open
  7. Business - Comment - LAI SEE

    Laura Cha joins CY Leung school of political analysis

    Posted Nov 01st 2014, 04:54am by Howard Winn

    ... and issue a statement saying she regretted the remarks. HSBC must be feeling some aggravation, not to say embarrassment, as she has been widely referred to as a "HSBC board director". More specifically, she is non-executive deputy chairman of Hongkong and Shanghai Banking Corp, the Asia-Pacific subsidiary of HSBC Holdings, of which she is also a non-executive director. Recently, David ...

    http://www.scmp.com/business/article/1629444/laura-cha-joins-cy-leung-school-political-analysis
  8. Comment - Blogs

    HSBC strikes again as overseas withdrawal problems continue

    Posted Sep 08th 2013, 09:38am by Anna Healy Fenton

    ... from an HSBC ATM machine in Taunton in England. That led to the discovery of two things which have driven HSBC customers nuts this summer: firstly, that the bank had reset everyone’s overseas ... The other thing HSBC did was to ditch Plus and Cirrus in favour of the cheaper mainland China clearing house UnionPay, which operates chiefly in China. And despite the bank’s protestations ...

    http://www.scmp.com/comment/blogs/article/1306100/hsbc-strikes-again-overseas-withdrawal-problems-continue
  9. News - Hong Kong - COURTS

    HSBC woman in HK$15.5m theft jailed for 10 years

    Posted Jul 30th 2014, 04:38am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com HSBC woman in HK$15.5m theft jailed for 10 years An HSBC employee who passed two customers' personal and bank information on to thieves, enabling them ... 13 for mention. The court heard earlier that two people posing as mainland customers of the bank went to two different HSBC branches in Tsim Sha Tsui on August 14, 2012, and presented false ...

    http://www.scmp.com/news/hong-kong/article/1562125/hsbc-woman-hk155m-theft-jailed-10-years
  10. Business - Commodities

    HSBC releases base metal pledged for US$30m loan to Zhong Jun Resources

    Posted Jul 25th 2014, 01:35am by CHIMA SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Registry documents show lender released base metals that backed US$30m facility for Zhong Jun, a firm linked to Qingdao port scandal HSBC releases metal pledged for loan HSBC has released base metals used as collateral for commodity financing by Zhong Jun Resources, according to Company Registry documents obtained yesterday. Zhong Jun ...

    http://www.scmp.com/business/commodities/article/1558519/hsbc-releases-base-metal-pledged-us30m-loan-zhong-jun-resources

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