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Alun John

Markets near record highs as Fed kicks off two-day policy meeting

10:06am EDT

Investors worldwide kept stocks close to record highs Tuesday, as they bet the U.S. Federal Reserve will resist a significant policy shift in the face of transitory inflation.

GLOBAL MARKETS-Shares in record-setting spree as Fed meeting looms

7:17am EDT

LONDON/HONG KONG, June 15 World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely "transitory" inflation pressures will stay the U.S. Federal Reserve's hand from signalling a shift in policy settings.

GLOBAL MARKETS-Shares in record-setting spree as Fed meeting looms

4:49am EDT

LONDON/HONG KONG, June 15 World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely "transitory" inflation pressures will stay the U.S. Federal Reserve's hand from signalling a shift in policy settings.

GLOBAL MARKETS-Asian shares mixed, dollar strong as investors eye Fed meeting

2:07am EDT

HONG KONG, June 15 Asian shares had a mixed day on Tuesday and the dollar sat near multi-week highs ahead of a much-anticipated Federal Reserve policy meeting, which investors are watching for hints of any change to the U.S. monetary policy outlook.

GLOBAL MARKETS-Asian shares rise in early trade, investors eye Fed meeting

Jun 14 2021

HONG KONG, June 15 Asian shares rose early on Tuesday, tracking Wall Street higher, though investors looked to a much-anticipated Federal Reserve policy meeting to see if the central bank would signal any change to the U.S. monetary policy outlook.

Hong Kong appeals tribunal overturns financial sector ban on ex-UBS banker

Jun 04 2021

HONG KONG, June 4 A former top UBS banker in Hong Kong, Cai Hongping, has had a five-year ban from the financial industry for misconduct on an initial public offering overturned after a review, the city's Securities and Futures Commission (SFC) said on Friday.

Banks bulk up in Hong Kong as China business overshadows politics

Jun 04 2021

HONG KONG (Reuters) -Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city's unique position as a financial gateway to China is outweighing concerns about Beijing's tightening grip over it. Goldman Sachs Group Inc, Citigroup Inc, UBS AG and other banks are each hiring hundreds of people in the city this year, adding substantially to their existing ranks. Citigroup, for example, has said it is bulking up its staffing by 1,500 people, including additional headcount and replacements in 2021, double the number of people it hired a year ago. It has about 4,000 people in the city. A Goldman spokesman said the bank, which has about 2,000 people in Greater China, expects hiring in Hong Kong to be up 20% this year. The Securities and Futures Commission, Hong Kong's market regulator, is seeing a rebound in licenses it issues for people involved in asset management, securities and other financial activities, according to data on its website. The total number of licenses it issued was up 1.7% at the end of March, compared with nine months earlier, and just shy of an all-time peak in 2019. "Hong Kong has some unique advantages, and it will remain the gateway for many of our local and global clients to access China," said Kaleem Rizvi, Head of Citi's Asia-Pacific corporate bank. Many financial companies slowed hiring last year, after protests against Chinese rule and a new security law imposed on the city to crush dissent by Beijing, as well as the coronavirus pandemic, six bankers, recruiters and other industry executives said. The increased hiring plans of some major players show that they are now willing to live with the political risks. "Everyone in the business community I have spoken with welcomes the peace and stability now, compared with the chaos of 2019," said Weijian Shan, chairman and chief executive of Hong Kong-based private equity group PAG. To be sure, politics remains contentious and unsettling for some finance professionals, some bankers have said. Some expatriate financial workers have left or considered leaving Hong Kong, along with thousands of residents of the former British colony.

Banks bulk up in Hong Kong as China business overshadows politics

Jun 03 2021

HONG KONG Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city's unique position as a financial gateway to China is outweighing concerns about Beijing's tightening grip over it.

FOCUS-Banks bulk up in Hong Kong as China business overshadows politics

Jun 03 2021

HONG KONG, June 4 Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city's unique position as a financial gateway to China is outweighing concerns about Beijing's tightening grip over it.

StanChart unit to launch cryptocurrency trading platform

Jun 02 2021

HONG KONG/LONDON A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe, targeting institutional clients, the bank said on Wednesday.

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