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  • April 18, 2014
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  1. Business - Banking & Finance - STRATEGY

    HSBC retail revamp key to end drag of redress on profits

    Posted Apr 07th 2014, 04:38am by NICK EDWARDS

    ... better than a "hold"- as many recommending HSBC as a "buy" believe it will underperform. Flint concedes that investors do not yet have a clear view of how much an improvement ...


    Deng Xiaoping urged London to persuade HSBC to stay in Hong Kong

    Posted Jan 07th 2014, 03:14am by Gary Cheung

    ... then senior unofficial member of the Executive Council, proposed in July 1984 holding a referendum in Hong Kong to test the acceptability of the agreement reached between Britain and China. But Youde ...

  3. Lai See

    Posted Jul 18th 2006, 12:00am by Andy Chen

    ... and her lawyer Albert Ho Chun-yan, who talked up the history of Sociedade de Turismo e Diversoes de Macau (STDM), which holds 80 per cent of SJM. Besides the account of how she and her brother ... for a fight. With her lawsuit against the planned $15 billion initial public offering of Mr Ho's gaming flagship Sociedade de Jogos de Macau (SJM) set to go before the Macau court tomorrow, Winnie ...

  4. Business - Banking & Finance - BANKING

    HSBC asset sale continues with Bank of Shanghai exit

    Posted Dec 12th 2013, 03:29am by Jeanny Yu

    ... cent of HSBC Jintrust Fund Management. "We do not think HSBC would sell its stake in Bank of Communications as the two parties hold closer ties [compared to Bank of Shanghai], underscored ...

  5. Business - Money - STOCKS

    Macau casinos' shares fall on lower Lunar New Year revenue

    Posted Feb 20th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com HSBC says gaming income misses target despite 20pc rise in mainland tourists during new year Macau casino shares fall on low holiday revenue Macau casino shares dropped steeply on Tuesday in response to a report from HSBC Global Research that gaming revenues failed to reach its projections for the first 17 days of this month. Shares in SJM led ...

  6. Business - Banking & Finance

    Investors punish HSBC shares after interim result

    Posted Aug 06th 2013, 01:01pm by Staff Reporter

    ... Staff reporter Shares in HSBC Holdings dipped almost five per cent on Tuesday morning after interim earnings fell short of market expectations and on news that the bank might face a US$1.6 billion US lawsuit. The bank said on Monday that pre-tax profit rose to US$14.1 billion from US$12.7 billion a year ago, but missed the market consensus for a US$14.6 billion profit. HSBC also ...

  7. Business - Banking & Finance - BANKING

    Massive revamp may squeeze HSBC returns

    Posted Aug 06th 2013, 12:00am by KANIS LI

    ... that missed the market consensus forecast of US$14.6 billion. "Disposals have started to weaken the bank's outlook on profits," said Gordon, who has a "hold" rating on HSBC ...

  8. Business - Banking & Finance

    BlackRock says executive turned down RBS offer

    Posted Jul 24th 2013, 10:26am by Reuters

    ... BlackRock said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group and will remain with the world’s largest fund manager. The Financial Times cited sources on Tuesday saying that McCombe, a former head of HSBC Holdings’ Hong Kong operations, had emerged as the external frontrunner for the position of RBS ...

  9. Business - Banking & Finance

    HSBC wins approval of record US$1.9b money-laundering settlement

    Posted Jul 03rd 2013, 10:35am by Reuters

    ... Settlement includes US$1.25b forfeiture and US$665 million in civil fines A federal judge has approved HSBC Holdings’ record US$1.92 billion settlement with federal and state investigators ... to reject the agreement because it did not hold HSBC criminally liable. He also read numerous editorials and columns suggesting, as one put it, that HSBC was “too big to indict.” Gleeson, ...

  10. Rugby fever takes a hold in Hong Kong

    Posted Aug 31st 2011, 12:00am

    ... Kevin Kung As rugby fans around the globe gear up for the start of the World Cup in New Zealand next week, 80 young Hongkongers were getting their first taste of the game. And judging from the passion for the game on display, maybe there is a star of the ...




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