Primary Dealers

Offshore spree by mainland firms helps to increase lending in Asia

Bright Food Group bought a stake in Weetabix.Photo: Bloomberg

Chinese companies swooping on assets in Europe and the US, from metal markets to cereal companies, are driving a 56 per cent increase this year in acquisition-related lending in Asia.

Thursday, 13 September, 2012, 11:48am

Analysts lower China's earnings growth forecast and cut share targets

The economy may miss the 2012 growth target of 7.5 per cent.

Goldman Sachs has lowered earnings growth forecasts for China's companies and Credit Suisse has cut stock index targets as the economy slows.

5 Sep 2012 - 8:23am

The curious case of the Gu Kailai body double?

Headhunters sense interest in StanChart's mid-management.

The curious case of the Gu Kailai body double?

22 Aug 2012 - 7:33am

Incinerator's location is a burning issue

ECB chief Mario Draghi talks tough

We've been looking at a presentation by the Permanent Secretary for Development (Works) Wai Chi-sing, which was made in November 2010 at an infrastructure conference.

20 Aug 2012 - 5:14pm

What Benjamin Lawsky's tough stance on Standard Chartered over Iran means for other banks

Benjamin Lawsky, head of the New York State financial watchdog, angered other regulators but carried the day against Standard Chartered. Photo: Bloomberg

Benjamin Lawsky played hardball with Standard Chartered and a gantlet of federal and New York regulators and prosecutors right up until the last hours of a US$340 million settlement on Tuesday with the British bank over improper and concealed transactions tied to Iran.

18 Aug 2012 - 5:16am

Weill recants to cynics' barbs

When 79-year-old retired multimillionaire financier Sanford Weill gave his view last week that big banks should be broken up and strict laws separating commercial banking from more risky investment banking should be reintroduced, financial newspapers and media cleared their best front-page space to air his views.

15 Aug 2012 - 10:46pm

There's no shame in changing your mind

There may be people with higher IQs than John Maynard Keynes but when it comes to human affairs, I doubt there has been a greater thinker in recent memory than the great economist, probability theorist and philosopher.

4 Sep 2012 - 10:58am

Former BAML bankers step up Asia deal-making

When Bank of America-Merrill Lynch (BAML) turned its nose up at private equity (PE) in Asia, several former BAML bankers disagreed.

BAML didn't see private equity in the region as a core business, helping to clear the way for the spin-off of its private equity team in Asia with the creation of Hong Kong-based NewQuest Capital Partners, a US$400 million investment firm.

23 Jul 2012 - 12:00am

Tough rules for beauty contest

Bank of Shanghai has been holding a 'beauty contest' over the past few weeks, with more than a dozen investment banks vying to underwrite its US$2 billion Hong Kong listing, expected early next year.

20 Jul 2012 - 12:00am

Talking points

Our editors will be looking ahead today to these developing stories ...

Trial of Ratko Mladic resumes in The Hague

16 Jul 2012 - 12:00am

Big banks bleed off jobs over summer

For some investment bankers in Hong Kong, this year's summer breaks aren't turning out to be a welcome holiday.

Over the past few weeks, about 10 big banks, including Germany's Deutsche Bank, Asia-focused brokerage CLSA and two big old-line Swiss banks, Credit Suisse and UBS, have quietly laid off staff.

12 Jul 2012 - 12:00am

Citi eyes horizon for Chinese M&A flood

Chinese firms are on the prowl for global assets in natural resources, technology and well-known brands, according to a top official of Citigroup, the bank behind the biggest overseas acquisition by a closely held mainland company.

9 Jul 2012 - 12:00am

Stop the rot

He certainly didn't hold back. 'They are rotten to the core' was how Britain's secretary of state for business described 'institutions like Barclays Capital' in an interview last week.

3 Jul 2012 - 12:00am

Lai See

HSBC moves court to occupy lost ground below its feet

As foretold in yesterday's Lai See, HSBC went to court yesterday and took out a summons for possession of the area under the bank, and named 'the occupiers of the ground floor of 1 Queens Road Central' and three defendants. The matter will be heard before Master K Lo on July 16 at the High Court.

23 Jun 2012 - 12:00am

Lai See

HSBC poised to make legal move to reoccupy Central HQ space

We hear that at long last HSBC has decided to bite the bullet and take steps to get the 'Occupy Central' movement to stop occupying the space under the bank's Queens Road headquarters. We understand the bank is poised any day now to go to court for a summons to repossess the area.

22 Jun 2012 - 12:00am