HSBC to relaunch India private banking business within a year -executive

A yellow ambassador taxi drives past the HSBC bank building in Kolkata November 5, 2013. REUTERS / Rupak De Chowdhuri Register now for FREE unlimited access to Register MUMBAI, June 30 (Reuters) – HSBC Holdings PLC (HSBA.L) plans to relaunch its India private banking business within a year, its India CEO told Reuters on … Read more

Business leaders say new Hong Kong chief must open up city, rebuild its image

Water barriers are set up outside the Hong Kong Convention and Exhibition Center, ahead of the 25th anniversary of Hong Kong’s handover to China from Britain, in Hong Kong, China June 29, 2022. REUTERS / Lam Yik / File Photo Register now for FREE unlimited access to Register HONG KONG, June 30 (Reuters) – … Read more

Japan’s worst factory output slump in two years heaps pressure on economy

Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017. REUTERS / Toru Hanai / Register now for FREE unlimited access to Register May output drops 7.2% m / m, much weaker than expected Production of cars, electrical and general machinery slump Manufacturers see output recover … Read more

Factbox: Major finance milestones as Hong Kong marks 25 years since handover

A general view of Two International Finance Center (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo Register now for FREE unlimited access to Register HONG KONG, June 28 (Reuters) – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here … Read more

Hong Kong’s top finance executives bank on city to thrive as gateway to China

HONG KONG, June 27 (Reuters) – In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

Hong Kong’s new govt retains finance chief in sign of continuity

HONG KONG, June 19 (Reuters) – China unveiled on Sunday new top officials in Hong Kong under incoming leader John Lee, who vowed to take the global financial hub to fresh heights, while shrugging off concerns about sanctions the United States has imposed on him . In a sign of continuity for the financial industry, … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

Stocks eye steepest slide since 2020 as central bankers roil markets

BOJ an outlier as leading central banks raise rates Investors’ recession fears grow US stocks set to bounce; S&P 500 seen up 0.9% LONDON, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more