Posts Tagged ‘Hong Kong’

HSBC to cut 25,000 to 30,000 jobs

Britain-based Hong Kong and Shanghai Banking Corporation will cut about 10 percent of its total workforce by the end of 2013. The announcement made on Monday means that 25,000 to 30,000 HSBC employees will be laid off. View full post on Banking Stories

HSBC to cut 25,000 to 30,000 jobs

Britain-based Hong Kong and Shanghai Banking Corporation will cut about 10 percent of its total workforce by the end of 2013. The announcement made on Monday means that 25,000 to 30,000 HSBC employees will be laid off. View full post on Banking Stories

HSBC suspends retail banking in Russia

Hong Kong and Shanghai Banking Corporation pulled out of retail banking on Monday from Russia. Instead of engaging in retail banking, HSBC said it will focus on making available global lending services to industrial and corporation clients. View full post on Banking Stories

Cities in Asia play key roles in hedge fund club

According to data due to be released, Hong Kong and Singapore are now home to 18 hedge funds managing more than $1bn compared with just 10 a year ago View full post on UK Business Stories

HSBC tries to play down talk it will leave Britain

HSBC yesterday attempted to cool mounting speculation it is to quit the UK for Hong Kong in the face of -growing pressure from shareholders. View full post on Business Stories

HSBC To Double Basic Banker Pay In Advance Of EU Bonus Restrictions

Hong Kong and Shanghai Banking Corp. plans to double the basic pay of senior investment banks to get around tightening European Union rules on bonus payouts. Those who will benefit from the scheme are HSBC bankers in London, New York and Hong Kong. View full post on Banking Stories

Planned Singapore-Australian Stock Exchange Merger Worries Japan

Lawrence Mijares – AHN News Contributor Tokyo, Japan (AHN) – The chief executive of the Tokyo Stock Exchange, Atsuhiro Saito, is warning that if a planned merger between the Singapore and Australian stock exchanges pushes through, it could result in a loss for the TSE. The Tokyo exchange has a 4.9 percent share in the […]

Merger of Australia, Singapore Stock Exchanges Planned

Lawrence Mijares – AHN News Contributor Sydney, Australia (AHN) – Singapore’s stock exchange is poised to take over its counterpart, the Australian Securities Exchange (ASX), forming a US$13.8 billion alliance, through a US$6 billion bid by Singapore to be announced Monday, according to media reports. Commenting on the reported merger, a spokesman for the Australian […]

Israel’s Housing Prices Jumping Through the Roof

The Media Line Staff Tel Aviv, Israel (TML) – Housing prices in Israel are the fastest increasing in the world, says one industry watchdog. The cost of real estate has risen by 30 percent since September 2008 according to Bank of Israel Governor Stanley Fisher. Young couples and everyday Israelis are finding it harder to […]

Aquino Cites Stronger Philippine Economy After 100 Days In Office

AHN News Staff Manila, Metro Manila, Philippines (AHN) – Philippine President Benigno Aquino III pointed on Thursday to the stronger Philippine economy as the main achievement of his first 100 days in office. Aquino stressed that under his leadership the Philippine currency continued to strengthen vis-à-vis other foreign currencies, the economy flourished, the stock market […]